The financial market is changing every day. This is something that people have realized off late ever since solutions such as Bitcoin and cryptocurrency have taken over the conventional cash and stocks.
Well, now that we have reached 2018, we can rightly say that the market for cryptocurrency is at its peak paving the way for more investment opportunities.
With a plethora of options available for investing in cryptocurrency, let us take a look at our intriguing list of the best cryptocurrency to invest in 2018.
The original cryptocurrency that emerged amidst the world financial crisis in 2008, Bitcoin was created by someone with the pseudo name, Satoshi Nakamoto. Bitcoin rose to phenomenal success in the year 2017. Bitcoin is one of the most lucrative cryptocurrencies for investment in 2018.
Proposed by a computer programmer, Vitalik Buterin, Ethereum was introduced in the year 2015 with over 12 million pre-mined coins. This cryptocurrency saw a huge spike in 2017 by growing over 13000 % in value, thus becoming a phenomenal option for investment by cryptocurrency enthusiasts.
Charlie Lee, a Google engineer, launched Litecoin in the year 2011. He was heading Coinbase which was one of the most popular cryptocurrency exchanges in the world. Litecoin is based on blockchain and it has a faster network and a low transaction fee as compared to Bitcoin. It is regarded as one of the stable priced coins in the cryptocurrency market.
Another popular name in the cryptocurrency world, Monero has been around for a long time. Its current per coin value is somewhere around $350. The rate is expected to double in the year 2018 and so it is the best time to invest in it.
Ripple has unarguably been termed as one of the best cryptocurrency to invest in 2018. With a total market capitalization of over $35 bln, it definitely has a lot of potential. This is mainly because Ripple is a digital currency and a payment making source. Its transactions are Blockchain secured and recorded on time.
With the biggest financial institutions such as JP Morgan, Saudi Arabia Central Bank and American Express using Ripple for their business, it indeed was a lucrative investment option in 2018.
Another blockchain platform, Stellar has made international payments easier by bank collaboration. While its premise and application is the same as Ripple, Stellar has managed to become one among the leading cryptocurrencies with a market capitalization of about 14 billion US dollars.
Native to China, VeChain is considered as the most under-rated cryptocurrencies in the financial market right now. Thus, it has become a very attractive investment option for coin traders. Sunny Liu heads the VeChain company whose major motive is to develop solutions for supply chain for Chinese corporate.
Cardano was launched in the year 2015. Its developers claim that ADA is the only cryptocurrency that is derived from a research-based approach and scientific philosophy. It can create Dapps along with smart contacts similar to Ethereum. Though still in its developmental phase, Cardano is a great investment option for those looking for lucrative cryptocurrency investments.
This is for those who want to invest in cryptocurrency and keep their money private. Kyber adds an additional privacy layer to the cryptocurrency transaction thus eliminating the necessity for cryptocurrency exchanges. Kyber has a decentralized network, something which is regarded by many as the ultimate future of alternative currencies. Kyber is indeed a profitable investment choice for the year 2018.
A new addition in the cryptocurrency market, ZCash has gained a good amount of popularity in a short span of time. The company continuously releases statements highlighting their plans for long-term growth and expansion. Currently, ZEC has about 21 mln coins circulating in the market with every transaction published on Blockchain platform.
Also, it is possible to maintain your anonymity while transacting in ZEC. All the development and improvement of ZEC is supported by the ZCash Company. ZCash offers more enhanced privacy facilities to its users as compared to Bitcoin.
For instance, you can see all transactions via a Bitcoin address but it is not possible to do the same through ZEC as all its transactions are encrypted.
This cryptocurrency has a very futuristic approach. With a superb and new concept, IOTA has managed to rise to about 1000% during the last few months. This profitable cryptocurrency of 2018 is based on the blockchain platform focusing on the future of the Internet of Things or IoT devices.
This is how it has derived its name IOTA. It allows unrestricted scalable system of payment with which you can transfer funds without any charges.
Dash stands for Digital Cash and is a very popular and independent Altcoin platform that was started way back in the year 2015. It has a market capitalization of value 4.8 bln US dollars and it handles over daily transactions worth 100 m US dollars.
The coin was developed with the intention of making instant and private transactions possible. It provides to its users features called “Instasend” and “Privasend” for making transactions thus simplifying the entire process. This has made it among the leading cryptocurrencies of the world and also one of the best cryptocurrency to invest in 2018.
This cryptocurrency offers total privacy and anonymity to its users. In fact, all of its transactions are entirely untraceable and anonymous. Everything from your personal data including geo-location, IP addresses, etc is hidden thus, assuring you of 100 % confidentiality.
Verge is not under the control of any private organization and so it is an open source project. Any development and added new features to the Verge are the result of its entire community. Verge was launched in the year 2014 and was named as DogeCoinDark. It was re-branded as Verge Currency in the year 2016. Currently, it has emerged as an attractive investment option for cryptocurrency traders.
Started in 2015, Decentraland is backed by Ethereum blockchain. Its users can easily create applications, content and experiences that can be monetized.
It is a decentralized virtual platform and is based on blockchain. With this, users can develop and purchase simply anything. It is mostly used for attending workshops, live music performances, shopping, visiting resorts, starting a business, test-drive a car, etc.
Another important aspect of Decentraland is land purchase. Without any hesitation, one can opt for investing in this marvelous cryptocurrency in the year 2018.
Another blockchain technology based cryptocurrency is NEO that was developed by Da Hongei, its popular Chinese CEO. The company aims to make use of the blockchain technology along with its digital identity for digitizing assets, automating the management of digital assets with the help of smart contracts.
It also aims at realizing smart economy along with an excellently distributed network. Founded in the year 2014, NEO is an open-sourced project that is hosted on Github. With NEO, trading physical assets have become easier than ever and it has also reduced the cost for the same. This makes it a very trusted and secure platform for investment.
It is true that investing in cryptocurrencies can be a very tiring and complicated process and you need to have a good amount of knowledge about the financial market before you dive into the waters of cryptocurrency.
With our ultimate list of the best cryptocurrency to invest in 2018, you must have gained sound knowledge as which coins are the best for you. Simply do a little bit of research on your side and play it the smart way. You are sure to make it big in the market as a cryptocurrency trader.