The Most Perspective Cryptocurrency Forecast For 2018
Cryptocurrencies have taken the world by storm in recent years. Virtual currencies have gone from something whispered about on the Dark Web to a mainstream topic of conversation. Investors have finally realized that virtual currency is just as valuable as a stack of dollar bills and they all want a piece of the action. As a result, everyone from currency traders and ordinary people are scrambling to hop on the cryptocurrency wagon.
Warning! Extreme Volatility Ahead!
Back in 2011, bitcoin was worth $0.25. At the end of 2017, it had peaked at $17,549. Since then, bitcoin has remained volatile and right now, it’s hovering around the $8,200 mark.
Clearly, investing in cryptocurrency is not for the faint-hearted. Nevertheless, if you have the stomach for risk and want to maximize your investment, buying and adding cryptocurrencies to your portfolio is a smart move. In this post, we are going to assess which cryptocurrencies are the ones to watch in 2018. And if you need more information, there is a ton of useful information on financial investment sites, like Cryptohead with their Crypto buying guides.
Monero (XMR)
First up is Monero with a market cap of $5.95 billion. This one is the currency of choice for shady hackers, as transactions are untraceable, despite being recorded on a public ledger. But, it isn’t just shady hackers who deal in Monero. Its lack of traceability makes it attractive to big corporations and any business that doesn’t want its financial transactions in the public domain. Not surprisingly, Monero isn’t likely to disappear anytime soon.
Ripple (XRP)
It may sound like a tasty ice cream, but Ripple has a market cap of $95 billion and many experts believe it could be the next bitcoin. There is currently 38.7 billion XRP in circulation, which makes it one of the most popular cryptos out there.
Litecoin (LTC)
Litecoin has a market cap of $13.95 billion. It was created as a bitcoin alternative and its creator, Charlie Lee, believes it could become a viable alternative to bitcoin. There are currently 54 million Litecoins in circulation and demand is growing. This one is definitely worth watching in 2018.
NAV Coin ($NAV)
NAV Coin has a market cap of $15.6 billion and has been hailed as the world’s first fully-functional alt-currency. It was created to solve two of Bitcoin’s most pressing problems: data vulnerability and public transactional links. Like Monero, NAV transactions are completely anonymous. The NAV community is spreading rapidly and there are now six full-time developers working to extend its global reach.
Bitcoin Cash
Bitcoin Cash has a market cap of $45 billion and was created when the original bitcoin ledger was forked in 2017. There are currently 16.8 million Bitcoin cash in circulation and it is the third most valuable cryptocurrency in circulation after registering a 623% price increase since its inception.
Other cryptocurrencies worth watching out for in 2018 include Iota, Cardano, Neo, Nano, and Komodo. If you do decide to invest this year, do your research first and don’t invest money you can’t afford to lose.