We all know that cryptocurrencies are becoming more widespread around the world since cryptocurrency payments are accepted by so many companies. And others are starting to follow their path. Cryptocurrencies are changing the payment and investment types of assets, being seen as normal as choosing to invest in gold, silver, market shares, real estate, or mutual funds.
More and more investors are interested in investing their money cryptocurrencies in 2017, and financial studies show that there will be more investors in 2018. That’s why it’s no wonder that because of the increased demand for this type of currencies their prices have greatly risen.
Well, if you want to know our opinion on what cryptocurrencies will (still) be HOT in 2018, we have selected the top 3 of them that, we think, could have the best increases in the very near future.
There are more than 5000 cryptocurrencies in the world right now, but we are going to focus our attention on some of the cryptocurrencies whose very high demand the moment predicts a greater success.
Top 3 Cryptocurrencies in 2018
As expected, Bitcoin is at the top of our list. At the time it was invented, Bitcoin was the only virtual currency available on the market. You can now buy 1 BTC by paying $11,000, given the fact that the most expensive virtual coin on the market is accepted and legalized in so many countries. Bitcoin miners are the key to BTC’s trustworthiness. But keeping your Bitcoin safe is the most important thing to do after you buy it.
Ethereum has a real asset. Its platform makes it possible to create a smart contract that operates in a decentralized network. The team behind Ethereum is really outstanding, and they do a great job showing the real potential of this cryptocurrency.
Ripple is based on a shared public database, which uses a consensus process that allows payments, exchanges to be a part of a distributed process. Ripple strives to keep it free for any kind of trade.
That’s our top 3 cryptocurrencies for 2018, and, even though you may say it’s predictable, remember: it’s better to be safe (by investing in already famous crypto coins) than sorry. Each of the 3 cryptocurrencies has an advantage that cannot be minimized by newcomers on the market.
Before buying or investing in cryptocurrencies make sure you checked:
The market capitalization and daily trading volume: the market capitalization of a cryptocurrency is the total value of all coins currently in circulation. High market capitalization may indicate a high value per coin. The larger the market capitalization is, the higher the daily trading volume of currencies.
How to verify it:
One of the main differences between cryptocurrencies is the method to verify their validity. The oldest and most common method is called proof-of-work, aka PoW. To get it right when verifying a transaction, a computer must spend time and energy to solve a difficult mathematical problem. The problem with this method is that it requires a huge amount of energy to work. Proof-of-stake, aka PoS systems, attempts to solve this problem by letting miners validate transactions using a lot less energy and time. Plus, since there is no block reward with PoS, the users receive the transaction fees. These systems require less processing power to operate and demand faster transaction speeds, but security concerns imply that few parts use a fully game-based system.
Do many retailers accept virtual coins?
A cryptocurrency is not very useful if you cannot buy anything with it. Right? That’s why it’s important to know who accepts it and where to go before investing in your favourite coin. Some cryptocurrencies are widely accepted. Let’s say…Bitcoin. Some cryptocurrencies can only be exchanged for other cryptocurrencies. Some coins are simply not designed to be exchanged for merchandise and are built for other purposes.