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Cryptocurrency has witnessed high demand in the year 2017. The boom of cryptocurrency is now expected to increase in the year 2018. The increasing demand of cryptocurrency has increased its prices highly. There is no fix trend of crypto coins, the trend keeps on changing every single day. Cryptocurrency has made its place in various industries. The people who invested in bitcoins long back have gained huge profits. With the hike in the prices of Bitcoins, people who invested in bitcoins withdrew their money. After withdrawal of huge amounts from Bitcoins, the price witnessed a great fall. This indicates that the trend of cryptocurrencies is never constant it keeps on changing. Predicting future in this case is not an easy job.
Looking by such increase in the demand of cryptocurrencies, people started investing more and more with the motive of earning huge returns. But investing will not give them huge returns, what is important is investing in right cryptocurrency. With lot of options available in the market, it is important to understand which cryptocurrency investment will benefit you in future.
To make it easy for you, below is the list of the best cryptocurrencies for investment in the year 2018.
Ethereum was created with a motive of overcoming the drawbacks of Bitcoin. Bitcoin did not have its own programming language, so Ethereum came into existence with its own virtual machine named as EVM. The Ethereum blockchain is based on complex scripting language and its has capability of forming complex applications using its smart contracts and all this has ultimately increased its potential uses. The major reason behind investing in Ethereum has got a good market cap and seen lot of ups and downs in this market. But despite of ups and downs, it has always progressed since its inception in the market. Ethereum is a powerful option to invest this year, as lot of potentials have been noticed by the developers and also it is a good source of raising millions of dollars.
Ripple is the distributed open source internet protocol and its featured with real time gross settlements, possibilities of currency exchanges, and fast remittance. In 2017, Ripple has proven to be a blessing for many investors by offering them with huge profits. It was one of the most profitable currencies in the year 2017 and people are now expecting it to follow the same trend in the year 2018. The market cap of Ripple is second after Bitcoin. Ripple is supported by various corporate associates and also several banks like Axis Bank, UBS, UniCredit etc. This makes it more reliable and it is sure to offer with scalable performance and faster transactions.
Litecoin was ranked as third most profitable coin in the year 2017 and is expected to maintain the same position in the year 2018. It is considered to be one of the best alternatives of Bitcoin. Litecoin and Bitcoin are quite similar to each other but there are some minor differences. Litecoin is featured with faster transactions, transactions are less expensive, it is very fast in adopting new technologies, and is also safe.
Monero comes under the category of one of the safest cryptocurrency to invest in the year 2018. Monero came into existence in the year 2014 and was created on CryptoNote Protocol. It is built in such a way that it serves with a privacy oriented decentralized and scalable cryptocurrency. The market cap of Monero has been constantly growing which is making it a reliable currency to invest in.
An open source peer-to-peer cyrptocurrency describes Dash well. It is in operations since 2014. The aim of Dash is to become a user friendly cryotocurrency network followed by being self funded and self governed. Dash is operating on two tiers of which the first tier is for the miners, mining the new tokens and second one is for the masternodes, performing the tasks. Dash is called to be a promising cryptocurrency and is featured with incredible business structure. It offers with a complete security and safety and also ensures to get done with the transactions at a fastest pace with unique scalability features.
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