If I had to pick, I would pick 2018 spil the year of cryptocurrencies. And I don’t think I have to explain the reasons. Te 2018 wij eyed a loterijlot of ups and downs te the cryptocurrency market.
But at the end of the day, wij spotted cryptocurrencies gaining more respect and acceptance from the masses. Wij also spotted a rapid growth of the market.
Even back te January 2018, one could buy BTC for spil low spil $750. But at the time of writing this article one BTC is worth around $11,000 – more than 1300% increase ter price ter one year. How about that?
Certainly, the daily traders witnessed ample profit while trading Bitcoin but the silent gainers are the long-term investors. The people who bought Bitcoin back ter 2012 or even 2013 and kept their faith on it.
They bought a loterijlot of BTC for spil low spil $13 and kept it aside, hoping for a better day for Bitcoin and cryptocurrencies ter general. Some of them were just for the profit and not for the Bitcoin project.
So spil soon spil they eyed Bitcoin crossing $3000 for the very first time te May, they couldn’t help themselves but sell all their Bitcoin assets. I truly do feel pity for them.
Te most other cryptocurrency related blogs you will find a list of cryptocurrencies jotted down te a hurry without any real insights.
They will cautiously add a bunch of ICO and attempt to coax people to houtvezelplaat the hype train. When te reality, deep down they know that the shady ICO is going to be a bad investment.
But on Coinsuggest wij love what wij do and love sharing the truth with our readers.
So before I list out all the cryptocurrencies that you can invest ter 2018, I will take the time to explain the process of choosing a good cryptocurrency.
This will immensely help you te determining whether to invest whenever a fresh cryptocurrency comes along.
Things To Consider When Choosing A Cryptocurrency To Invest Ter
Generally, I check four main properties whenever choosing a fresh cryptocurrency for my next investment. Very first of all, I explore the market cap of the cryptocurrency. Then I navigate to the official webstek of the cryptocurrency and gather spil much skill spil possible.
After this, I run some quick Google searches to see how many people are talking about it. Ultimately, I visit the official forum, message boards, social media profiles etc to find how active the core team is. I have explained all the steps te detail down below.
The Market Capitalization Of The Cryptocurrency
For mij, the market capitalization is a useful chunk of information to check out the show of a cryptocurrency. You can calculate the market cap of a cryptocurrency just by multiplying the number of circulating units with the price of a single unit.
Te my opinion, the market cap of a cryptocurrency is far more significant than the price of a single unit of it. Because it exposes the trust of the users and popularity of a cryptocurrency.
But it stands at the fourth position te terms of market cap, far above Monero which has a price of $204.
Especially, for a PoW mining based cryptocurrency the circulating supply and market cap play a crucial role te determining its long-term survival. Spil the circulating supply nears the limit, one can expect the price to increase spil the resource becomes more scarce.
The Usefulness And Features Of The Cryptocurrency
Presently, there are more than 1300 cryptocurrencies available for investments. But the majority of thesis are just cheap Bitcoin clones, scams, and Ponzi schemes.
So don’t expect them to be around even for the next Three years. Only a handful of this long list of cryptocurrencies, provide real value to its users and the entire cryptocurrency community.
That is why you should always check the official webstek of a cryptocurrency project to see what it has te store.
For example, Ethereum wants to make the blockchain technology smarter, Ripple wants to revolutionize our payment methods, Monero wants to make blockchain more secured, Neo wants to create a brainy economy and so on – you get the point.
But ter my opinion, the features should be about solving real-world problems to make the best influence. It should not be about solving arbitrary issues like installing solar power plants on Tocht.
It may be possible to build solar power plants on Tocht te distant future but wij spil a generation may never see it happening.
So you see, a good cryptocurrency should have a visionary roadmap and a healthy set of features to realize the roadmap to sustain ter the long run.
The Popularity Of The Cryptocurrency
The popularity of a cryptocurrency also plays a pivotal role te determining its future.
Take, Bitcoin for example – it has a big number of dedicated followers who are greatly responsible for taking Bitcoin this far.
You can lightly find out how popular a cryptocurrency is by searching for it on a search engine like Google. Check whether a lotsbestemming of people are talking about the project and preferably are very optimistic about it. You can also check out the social treats to see how active the community is.
A powerful and feature rich cryptocurrency is roped to be popular, and a popular cryptocurrency increases the chance of its survival by thousand folds.
The Activeness Of The Development Community
Recall when I said a good cryptocurrency should have a visionary roadmap and a healthy set of features to realize that purpose? Well, you need a sultry and active development and research team for that to toebijten.
Take, Ethereum for example, Vitalik and his team are always attempting to find the right solution to make Ethereum spil future proof spil possible.
If you are brief on time, then Coingecko has a chart that shows the market cap of the cryptocurrencies spil well spil activeness of the development team and public rente.
Check it out Coingecko. This will help te getting most of the information you need relatively lightly but I still recommend actively participating te a forum or message houtvezelplaat particularly dedicated to a cryptocurrency.
Top Ten Cryptocurrencies For Long-Term Investments
Now it’s about time I expose my picks for the long-term investment worthy cryptocurrencies –
Launched ter 2009, Bitcoin is the undoubted king of cryptocurrencies. Albeit Bitcoin’s framework is fairly outdated right now, it still is the very first cryptocurrency to be created. Mostly based on Nick Szabo’s hypothetical digital currency Bit Gold, Satoshi’s Bitcoin made cryptocurrency a reality.
Bitcoin is one of the hardest cryptocurrencies to mine spil the difficulty is very high. Bitcoin uses SHA-256 algorithm which is supported by a lotsbestemming of expensive ASIC equipments.
Presently, a single unit of Bitcoin or BTC has a price of more than $12,900. Bitcoin also has a market cap of $217 billion. Newcomers may find the price a bit too terrific. But reminisce Bitcoin doesn’t care whether you have Ten,000 BTC or 0.01 BTC.
Bitcoin has to be the best cryptocurrency to invest te 2018 spil long term.
Ethereum is fairly fresh to this spel, but that hasn’t bot able to hold it back. Vitalik Buterin founded Ethereum to make it lighter to communicate with the underlying blockchain. Ethereum made it comparatively lighter to create clever contracts.
And spil a result, decentralized applications became more mainstream. Presently, Ethereum has the major share of the market when it comes to ICO projects. Ethereum uses a PoW algorithm called Ethash for mining.
But it is leisurely shifting towards a PoW – PoS hybrid setup codenamed Casper.
At the time of writing this article, Ethereum has a market cap of $Sixty-nine billion and one ETH costs about $715. Ter my opinion, activeness of the development team, trustworthiness of the project and an ever-increasing user base make Ethereum an ideal candidate.
The Ripple project is all about making our payment methods more efficient and pocket-friendly. It is a superb example of cryptocurrency that is set to solve an actual real-world kwestie. Quick transaction speed, high scalability and a vigilant team of developers are what makes Ripple superb.
Unlike most other cryptocurrencies Ripple uses overeenstemming technology to verify transactions.
Top bankgebouw, financial institutions, and companies have already identified Ripple spil the next-gen payment processing method and have adopted the technology. The native cryptocurrency of Ripple, i.e XRP costs about $Two.26 and has a market cap of $87 billion. This places it just after Bitcoin te terms of market cap.
I expect Ripple to grow thicker te coming years. So te my opinion Ripple is a good long-term investment. Stock spil much XRP spil you can and keep it aside for at least next 3-5 years. This makes Ripple long time cryptocurrency investment.
Monero is a mineable cryptocurrency protocol that is all about security and privacy. Unlike Bitcoin which exposes your transaction gegevens to the public, Monero uses stealth addresses and stadionring signatures to downright block it.
Monero is also very scalable spil it doesn’t have any set block size. Consider Monero spil the privacy-focused junior brother of Bitcoin.
Due to its privacy features Monero is manhandled by a loterijlot of hackers, online drug traffickers, and even money launderers. Monero wasgoed recently mentioned ter mainstream media spil some websites were “hijacking” their visitors’ CPU power for mining XMR.
It uses cryptonight algorithm which is fairly lighter to mine.
Monero has a market cap of $Five.Two billion and a single XMR cost $335. I expect Monero to grow even more ter the future so I believe it is a good long-term investment.
Dash, which is an acronym for Digital Metselspecie, is a very user-friendly open-source cryptocurrency protocol. It is a mineable cryptocurrency like Bitcoin but it uses a different algorithm called X11.
Dash is very popular for its features like PrivateSend, InstaSend, masternodes etc.
It has also introduced a prototype of self-governance and self-funding. This proefje is unique to Dash.
Dash has a market cap of $7.7 billion which places it within the top Ten cryptocurrencies. A single Dash unit has a price of $1001.
Litecoin or LTC is one of the earliest competitors of Bitcoin. It wasgoed created by an ex-Google employee, Charlie Lee back ter 2011. Litecoin uses Scrypt PoS algorithm for mining.
That is why ASIC mining equipments for Litecoin are more complicated and expensive to make.
Unlike Bitcoin, Litecoin processes the blocks every Two.Five minutes to make the transaction process quicker.
Presently, one LTC costs $216, so it is more pocket-friendly for a newcomer. It has a market cap of $11.8 billion, which places it just under Cardano.
NEO often referred to spil the Chinese Ethereum is a cryptocurrency all set to switch brainy contract creation. The main purpose NEO is to create a clever economy with digital assets, digital identities, and brainy contracts.
Unlike Ethereum, wise contracts on NEO can be created using traditional popular programming languages like C, Java etc. That is why some people believe NEO to be the “one”.
Neo presently has a market cap of $Four.Four billion and a price of $67.75. NEO has excellent potentials if the core team plays the cards well enough.
Zcash is the brainchild of Zooko Wilcox. The main objective of Zcash is to make a cryptocurrency that is spil anonymous and secured spil possible. Zcash or ZEC uses ZkSNARK algorithm to fully anonymize transactions.
There are two types of addresses on the Zcash toneel. One is called t-address which can is publicly viewable. But there is another type of address called Z-address, which is hidden. If Bitcoin is the HTTP, then Zcash is the HTTPS protocol.
Zcash has a current market cap of $1.Four billion and has a price of $485.66. For a cryptocurrency which is just a year old, thesis numbers are very promising. That is why I believe Zcash can be a solid long-term investment.
Ethereum Classic is a hard forked version of the original Ethereum. It wasgoed created after The DAO incident took place and the Ethereum foundation determined to mutate the blockchain to recover funds.
Ethereum Classic or ETC is hugely supported by cryptocurrency purists by following the path of “blockchain is immutable”.
One ETC costs almost $27 which is well within a common man’s reach. Ethereum Classic has a market cap of $Two.6 billion with a total 98 million ETC ter supply.
Ned Scott and Dan Larimer, the founder of BitShares, created Steem ter 2016 to challenge the market notion. It is message houtvezelplaat type of community like Reddit, but upvotes on Steem gets you the native cryptocurrency. You can see Steemit spil Reddit on the blockchain.
Steem has proven to be very popular among the users and is demonstrating onveranderlijk growth. It is a utility based digital currency so spil long spil it remains relevant it will grow.
If people zekering using the verhoging then Steem will vanish. So key to the success of Steem is its popularity.
Presently, Steem has a market cap of $651 million with a single unit price of $Two.64.
Some More Altcoins To Have A Close Look At
I could only add the top performing and most promising cryptocurrencies to the list. So some popular cryptocurrencies didn’t make it. That is why I would like to mention some more cryptocurrencies that may prove to be good investments.
I suggest providing Bitcoin Contant, IOTA, Bitcoin Gold, NEM, EOS a attempt if you are feeling a bit adventurous. While IOTA, NEM, and EOS are practically useful I don’t see a lotsbestemming of potential ter BCH and BTG.
Best Wallet To Hold Cryptocurrencies Ter The Long-Term
If you are programma to hold cryptocurrencies ter the long-term then hardware wallets are the ones to use. I don’t recommend using any kleuter of web wallets especially exchange wallets and desktop wallets for serious investments. Hardware wallets are the most secure and sturdy wallets, and they are very cheap too.
I suggest using a Ledger Nano S. Because spil of now out of all the hardware wallets available, Ledger supports the highest number of cryptocurrencies. You will be able to store all the cryptocurrencies mentioned ter the list te a Ledger wallet.
I hope I wasgoed able, to sum up the top cryptocurrencies for long-term investment ter this article. Also just because I mentioned Ten cryptocurrencies, you don’t have to invest ter all of them.
But don’t just invest te one of them either. To maximize your comebacks and reduce the risks, always diversify your portfolio.
For mij, a balanced portfolio would be BTC (
I usually divide the surplus 10% among other promising altcoins like ZEC, XMR, NEO etc.
Spil always be very careful when investing te cryptocurrencies. Because this is a high-risk market – the market can crash, local laws can prohibit you from investing, there are a loterijlot of things that can go wrong. So always tread very cautiously.