DISCLAIMER: None of the following is intended to be investment advice. This is only meant to be a description of what has worked well for mij so far, and my own opinions. Also, utter disclosure, my linksaf to Coinbase and Binance, etc., include referrals. It actually benefits you to use them because wij will both get an reserve $Ten worth of BTC for free if you deposit at least $100 to Coinbase. Thanks te advance if you go after the linksaf when you make your accounts — and even if you don’t, I hope this list helps you out!
Cryptocurrencies have taken the world by storm te 2018. You can’t turn on your TV or go online without watching journalists jabbering endlessly about Bitcoin — and the sad fact is, most of them have no idea what they’re talking about! I recently eyed one major news network suggest that Bitcoin wasgoed trading near a “three-year low” at $13755/coin, totally asinine, right?
The fact is there are almost 1,400 altcoins out there right now, and it’s very difficult to separate ponzi schemes and unicorn fantasies from viable, useful coins that might make you rich. Nobody wants to waterput their money on a loser, which is exactly why I do so much research on which coins I want to waterput big money into. I’m going to pass some of this hard-earned information on to you now by demonstrating you my top 6 cryptocurrencies that I’m most excited about for 2018. I’ll evaluate them broadly, but my main two criteria are the following:
Market Price: Ideally wij want to get ter on the ground floor of coins with good potential but very little market capitalization. Wij can’t psychically predict the future, of course, but it’s fine to get ter early. It goes without telling that a coin rising ten cents from an original price of $0.01 is far more lucrative to an investor than a coin rising ten cents from an original price of $Ten.
Use Case: What exactly is this coin attempting to do? Could the technology behind this coin be described spil a “paradigm shift” or at least an iterative improvement on what came before? Coins will lightly earn a valuable place ter the real world if they solve real world problems. If they don’t, any rise is likely to be short-lived. Wij want long-term winners!
Now that we’ve established the parameters, let’s get commenced with the list!
Spil I’ve previously written, ARK impresses mij a loterijlot. More than any altcoin I’ve seen, it is functional. Basically every detail about this coin makes it evident that the developers have waterput hard, skillful labor into it. The wallet works slickly, the delegated proof of work system is implemented and working fine, and actual ARK transactions are quick and cheap (tho’ it remains to be seen if this keeps up under intense network stream).
Te a world where cryptocurrencies are ter their infancy, ARK feels “complete.” Obviously more development is coming on this coin, but from a user perspective my opinion is that you’re just not going to find a better DPOS (Delegated Proof of Stake) coin out there.
Market Price: Cosily low. At the time of this writing, it’s $6.74/ARK and ranked 41 by market capitalization. ARK is somehow flying under the radar despite being one of the most polished altcoins out there today. To be open, at this price if someone talent mij $50,000 and told mij I had to waterput it into one altcoin and keep it there for five years, ARK would be the one.
Use Case: ARK’s treatment to its DPOS system is a use case te and of itself. It’s very psychologically attractive to build up 10% rente te your money — this sort of thing used to be pretty common until omkoopbaar (or inept) bankers and bureaucrats wreaked havoc on western economies. Now the idea of a handelsbank account that gives you 10% rente is unheard of — instead of getting time-value on your money, you get negative time-value on your money te the form of inflation. Obviously this is not superb for your regular person, and ARK may be the voertuig that comebacks rente to the people.
Spil far spil use cases go, the actual goals of ARK go beyond financial. ARK will eventually have features that voorkant a broad multitude of use cases.
- Wise contracts
- Push-button deployable blockchains (making it utterly effortless to fork ARK — attractive to startups!)
- “IPFS” (Inter-Planetary Verkeersopstopping System), a fancily-named concept for a “peer-to-peer hypermedia protocol.” Basically, one will be able to waterput an “IPFS link” into ARK’s blockchain. The content doesn’t go directly on the content (so spil to prevent bloat), but the content is timestamped and secured nonetheless. This actually reminds mij of Tron’s main use case, and I’m nosey which coin will end up doing it better.
- “SmartBridge” partnerships with other projects, i.e., communication with other blockchains. Many coins are attempting to do this sort of thing, and if ARK succeeds it may gargle coins like Stellar (XLM) out of the water.
I could go on, but I think you get the picture: te my opinion, ARK is a solid buy for 2018.
Leverage. That’s what SALT brings to the table. When I wrote about SALT previously, I spent most of the time erupting about how this coin is going to bring something unique to the world of cryptocurrency. The jury is still out on the actual lending verhoging (they’re still te the process of rolling it out for non-enterprise users), but if it does even half the things they say it will, this coin is going to switch everything.
Market Price: Low, and not likely to stay that way for long. It is presently ranked 38 by market capitalization and is worth about $13 vanaf SALT Membership. There are rumblings that arbitrage is going to make the market price rocket up to the “retail price” on the Lending Toneel of about $27, now that loans are being flipped out. We’ll see!
Use Case: The concept of leveraging against your blockchain assets is incredible because it injects an enormous amount of liquidity into what is otherwise a pretty illiquid market. Have ten million dollars ter Bitcoin? Good luck turning that into fiat lightly. SALT fixes that problem by permitting you to get a loan and use your Bitcoin (or other cryptocurrency) spil collateral. This isn’t the only case for lending, of course, but it’s a big one. I also love the idea of wise contracts treating typical lending problems like missed payments, etc.
Basically, SALT is solving a problem that, spil far spil I know, no other cryptocurrencies have indeed thought about. That means it gets a big check mark from mij. One caveat: some people seem believe SALT to be a ponzi scheme. This is very likely the riskiest coin on this list that I’m writing about. I included it te my top 6 because of my belief that blockchain-based loans could be revolutionary, spil with anything, invest at your own risk!
Two words: “the Tangle.” The Bitcoin scaling debate has bot a plague on the cryptocurrency community, turning friends and brothers into enemies. IOTA bypasses this problem entirely by trading the blockchain for a directed acyclical graph. This is a lateral-thinking solution to the problem, and I’d love to see it succeed. The coin admittedly has some big problems it needs to solve, but, spil I wrote ter my previous IOTA writeup, the promise of an automatically self-scaling system is enough to get mij very interested te this coin.
Market Price: Higher than I’d like, but still workable. This coin is worth $Trio.36 right now, and is ranked 7th by coin market capitalization. However, spil I wrote before, it’s significant to keep te mind that if the Tangle works then IOTA is a legitimate contender for the absurdly high market capitalization presently liked by Bitcoin. There is slagroom for a lotsbestemming of growth here.
Use Case: Putting aside all the talk about scaling, IOTA is intended to be the “backbone” or lifeblood of the Internet of Things. The future will consist of various clever devices talking to each other — and if they can pay each other with a cryptocurrency like IOTA, many tasks can be made lighter. My car can pay the peettante, my self-driving taxi can charge IOTA based on its tens unit or gasoline consumption, and so on. With that said, I still think the more pertinent use case is simply IOTA spil a currency. Scaling is the bogeyman of cryptocurrency, and sidestepping that bogeyman is one way market capitalization can be won.
Four) Tron (TRX)
Spil I stated te my review of Tron, for mij, Tron is all about censorship resistance — and not the regular kleuter that most cryptocurrencies love (i.e., the resistance to governments “shutting down” a coin or stopping people from transacting it). Spil a decentralized content distribution podium, I expect it’s going to be difficult to lock out content creators based on petty politics, banal rules, or any other factor. I believe this is (te general) a good thing, but more importantly it’s a lucrative thing. Ter the modern world many content creators presently suffer from having their toneelpodium demonetized (e.g., YouTube movies) or pulled out from under them entirely. Cryptocurrency is all about bypassing the old-world gatekeepers, and if Tron can do this then I am totally on houtvezelplaat.
Market Price: Pretty low. This coin is worth $0.03/TRX and is ranked 19th by market capitalization. This means that if and when TRX hits the top ten, we’re lightly looking at a valuation ter the dual digits — and a fifty cent TRX is an enormous numerous of what the coin is worth today.
Use Case: If you overlook my private theories about Tron’s effect on censorship, you’ve still got a pretty amazing concept. Let’s face it: old-world centralized distribution platforms from big companies like Google Play and the Apple Store are dinosaurs. There are a diversity of reasons to indeed, truly dislike thesis platforms. The barrier to entry for developers is often draconian and obnoxious, and the user often finds themselves not being able to get what they want. Basically, Tron is the content creator’s friend, and that alone makes TRX a fascinating altcoin.
Five) Edge (XVG)
Brink is the very first coin I wrote an article about, and I did so when it wasgoed worth two cents. It’s had some stuk and some ups and downs, but after all that it’s still worth about 14 cents today — meaning that anyone who gleaned information from my article and bought XVG very likely made 700% (or more, if they sold at the top) gains on their purchase. Now, I’m not into empty speculation, but that’s still pretty cool to think about — if one had the foresight to waterput something like $35,000 into XVG at the time of my writing, they might have walked away with about a quarter of a million dollars or more!
Market Price: Still fairly low, regardless of the ups and downs. With its market capitalization ranked at #20, it still has a long way to go. Out of all the coins on this list, I believe Edge is likeliest to climb the market capitalization ranks soonest — and this is on account of something called the Wraith protocol. I’ll get into that te a uur.
Use Case: This is a privacy-oriented coin. The intent is to mask your identity spil you go about conducting your affairs with XVG. It may seem unsavory, but the reality is that Bitcoin made its bones te the darknet with people buying and selling illicit things on the Silk Road. There are way more legitimate reasons to want privacy for your transactions, tho’ — it is a legitimate use case that many regular people covet. It is useful from a human rights standpoint, spil well, I imagine people living under a repressive government would be very glad to be able to obfuscate how they are using their funds.
The technology behind Edge is very significant when considering what the price will be overheen the next year. With the Tor network, your identity is effectively hidden when you send or receive XVG. A third party is only able to see that a certain amount of XVG wasgoed sent from one public address to another public address — the third party does not have access to your IP or any other identifying information. Once the “Wraith protocol” is released, this privacy will be beefed up even further — a peeping third party won’t even be able to see your public addresses, only that some particular amount of XVG wasgoed sent from one person to another person. According to many latest reports, the Wraith protocol may be released within the next few days. With the Wraith protocol coming soon, my opinion is that XVG has nowhere to go but up. I see Wraith spil a sort of watershed ogenblik for this currency, if it works, people are going to see XVG spil far more legitimate and perhaps they will invest accordingly. If a functional Wraith protocol does not get released, then wij are likely to see a reduction ter price until it does. Either way, I think this coin has life ter it despite all the controversy surrounding it.
6) Bitcoin (BTC)
Okay, I know what you’re thinking. “Bitcoin isn’t an altcoin! That’s cheating,” right? Well, okay, guilty spil charged. But the reality is that Bitcoin is still the crown king of market capitalization by a long slok. That crusty old dinosaur might be ancient ter tech-years, but he’s still wandering the earth eating whatever he wants. Like it or not, Bitcoin is the brand of cryptocurrencies, and it’s the word that average people are most likely to be aware of. I believe it goes without telling that almost everyone is at least dimly aware of Bitcoin at this point, but very few people know altcoins exist at all, let alone how to trade them.
“But Malcolm,” you might say, “Bitcoin has deep technical flaws that are keeping it from scaling decently.” Sure. And if thesis problems don’t get resolved or at least partially alleviated te the next two years, wij might eventually see market capitalization shift away from Bitcoin. But then again — will it? Very first mover advantage is an enormously powerful thing here. One could make the argument that “dumb money” is what will fuel the ever-meteoric rise of BTC’s price, but how dumb could it be if people are still doubling and tripling their money? Basically, it’s possible that Bitcoin will proceed to rise te value — and if it does, it might do so at an insane rate. It’s within the field of possibility that Bitcoin finishes up securing a voortdurend place spil a sort of “reserve currency” for the crypto world, based on little more than its very first mover advantage.
Market Price: Ludicrously high at $14,000, and according to John McAfee it’s going much higher. He predicts a price of, get this, one million dollars vanaf BTC by 2020. Honestly? Spil insane spil it sounds, I’m not ruling it out. I think people are realizing that cryptocurrencies are to 2018 what the internet wasgoed to the mid 1990s, and that means there’s an enormous amount of money to be made here. Of course, this is Bitcoin. Anyone who lived through the Fine Goxing understands that the price can druppel by 70% overheen the course of a few days. For mij, tho’, that possibility doesn’t zekering mij from keeping some BTC ter my portfolio — this is the coin that began it all, and I don’t think it’s going to totally vanish even if it does temporarily crash.
Use Case: Debatable, but mostly limited. When I very first got into Bitcoin it wasgoed marketed spil this incredible technology with the capability to send money from one side of the planet to the other. The idea wasgoed that thesis transactions would be enormously quick and cheap. Neither of thesis things are true anymore. Bitcoin Contant volgers voorkoop this is because the Core developers doggedly deny to increase block size, and Bitcoin enthusiasts’ defense is that Bitcoin simply has more transactions running through it than other cryptocurrencies and therefore has a larger cargo to bear. Part of the problem is institutional, for example, I paid something like $25 to transfer some BTC out of Coinbase the other day. This is an insane toverfee, and I’m coerced to wonder how much it would have bot if their toneel supported SegWit? Whatever the reason for the slow transactions and high fees, it needs to be resolved.
Agree with my list? Have any other ideas about coins that might do well ter 2018? Let mij know ter a response! I love to hear terugkoppeling from people and get ideas on what coins to research and possibly add to my portfolio. You never know, I might even write an article about it!
If you’re fresh to cryptocurrencies, don’t worry — it’s effortless to get te on this! Here are the basic steps:
- Buy some Bitcoin or Ethereum from Coinbase.
- Trade them for altcoins on Binance, KuCoin, HitBTC, or Changelly. Out of thesis, Binance is my preferred exchange.
- If feasible, store your coins offline ter a wallet for security purposes. Use an inexpensive Android phone with the Coinomi wallet app, or go ultra secure with a hardware wallet like the Ledger Nano S or Trezor.
If you’re looking for a more lengthy guide to purchasing altcoins from begin to finish, just take a look at my pagina — I’ve written a lotsbestemming about this!
Go after mij on Medium because more content like this is always coming! If my work helped you or talent you something to think about, give mij a few claps — it helps more people find my articles, and I’d love to be able to assist spil many people spil possible with cryptocurrencies. Also, if you have any ideas for future articles or specific questions, I’d love to hear them te a response. One last thing: if you’d like to talk with mij ter real time, check out my Patreon — I am now running a Discord for cryptocurrencies!