Best Cryptocurrencies To Invest In In 2018
There is no doubt that 2018 will be a great year for cryptocurrencies. That’s because after gaining momentum in 2017, demand will most likely surge as people look to cash-in on this new phenomenon. However, not all cryptocurrencies are made equal. There are those that have an edge over the rest, which means they stand to gain momentum as we get into 2018. The tricky part is knowing which ones are best placed to grow your wealth, the same way that Bitcoin has done for investors in 2017. To help you make the best decision possible, here are the 7 best cryptocurrencies to invest in, in 2018.
Bitcoin – It’s the best cryptocurrency to buy now!
Bitcoin has had a great run in 2017. It will possibly continue with this momentum in 2018, and for a good reason. For starters, bitcoin is the best-known cryptocurrency in the market right now. In fact, most of the people investing in cryptocurrencies are doing so because of bitcoin. Many have no idea that there are other cryptocurrencies in the market. This market dominance and the growing interest in cryptocurrencies means that its demand will grow in 2018. On top pf that, Bitcoin is growing in acceptance. For instance, Bitcoin was recently accepted as a mode of payment by PWC, one of the largest accounting firms in the world. Such fundamentals make bitcoin the best cryptocurrency to buy now and wait for value appreciation in 2018.
Ethereum - A sure bet when investing in cryptocurrency in 2018
Ethereum has grown by more than 4000% in 2017, growth that dwarfs that of bitcoin. There is a good chance that Ethereum will continue with this momentum in 2018. One of the reasons why Ethereum will continue its current trajectory is its aspect of smart contracts. Ethereum smart contracts have allowed for the growth of ICOs in 2017, and as more ICOs continue to launch in 2018, its intrinsic value will grow. On top of that, Ethereum transaction speeds have few rivals in the crypto space. As more people get to learn of how fast transactions are with Ethereum, its demand will grow, and so will its price.
Ripple coin – The bankers’ coin! Definitely a great investment for 2018
Ripple is probably the best investment for someone who missed the bitcoin train earlier this year. The great thing about Ripple is that it is quite useful in increasing speed in banking transactions. In fact, the banking sector is investing in Ripple as a replacement to the SWIFT system, which has been made obsolete by the rise of cryptocurrencies. The fact that Ripple has the backing of the banking system makes it a safe bet for someone looking to reap big from cryptocurrencies in 2018. Besides, Ripple is still valued at less than a dollar, which will make it attractive for small investors going into 2018.
Dash coin – The privacy coin - A high potential buy!
Someone looking to invest in cryptocurrencies in 2018, should seriously consider Dash coin. It has had a good run in 2017, and this momentum will grow, now that Dash has broken the $1000 mark. This will act as a psychological barrier to most investors, hence push its price even higher. Other than the forces of demand and supply, Dash is also true to one of the reasons why cryptocurrencies have grown so much in the first place, and that’s privacy. Dash transactions are anonymous, and this will make it a darling for investors who want to keep their money away from the eyes of big brother in 2018. Besides, the fast Dash consensus mechanism that is way better than that of Bitcoin and many other cryptocurrencies out there makes Dash a sure bet for investors in 2018.
Litecoin – The silver of cryptos
Litecoin is one of the best cryptocurrencies out there when it comes to transaction speeds. This has been the biggest contributory factors to Litecoin growth in 2017. For instance, after the announcement by the CME and the CBOE that they will be launching bitcoin futures, the rush to buy bitcoins substantially slowed down bitcoin transactions. As a result, investors put their money in Litecoin, pushing its value above the $300 mark. Given that investor interest in bitcoin will continue to surge in 2018, there is a good chance that transaction speeds will slow down even further, and Litecoin will be the most obvious beneficiary. As a matter of fact, it is highly probable that Litecoin could hit $1000 in 2018 if it continues its current momentum.
Bitcoin cash – Bitcoin’s more efficient twin
Bitcoin cash is the result of a hard fork on Bitcoin in the latter part of 2017. It has performed quite well, crossing the $1500 mark in the last few weeks. The thing with Bitcoin cash is that it is the more useable version of Bitcoin. That’s because, unlike Bitcoin, it has lower transaction costs, and higher transactional speeds. These are the major qualities that make a cryptocurrency tick as a replacement to fiat money. As bitcoin cash gets entrenched as a means of exchange in 2018, its value will soar, which makes it a perfect investment.
Neo coin – A darling of the Chinese
Most people don’t know this, but the recent surge in cryptocurrency prices is not driven by institutional investors, but rather by retail investors, especially Chinese ones. That’s why when China banned cryptocurrency exchanges, Bitcoin prices dropped for a while. Now with that context in mind, imagine a cryptocurrency that is not only a favorite of Asian investors, but also is favored by the Chinese government? That’s a sure bet, right? Well, those are the defining characteristics of NEO coin. As the demand for cryptocurrency grows, the value of NEO coin will most likely surge in 2018. That growth will partly be fuelled by the general growth of all cryptocurrencies, as well as the fact that it is in the good books of the second largest economy in the world.
Should I buy one or all of the above cryptos?
An investment in any of the above cryptocurrencies will most likely give an exceptional return on investment in 2018. However, to increase your chances of reaping great financial gains, it would make sense to split your money amongst all seven of the above. This reduces any chances of loss in case one of them underperforms. It’s all about financial prudence, even as you ponder on what cryptocurrency to invest in, in the New Year.