Hey Steemians! Welcome to another post based on cryptocurrencies! The market has once again picked up breaking through $700 billion market cap. We had a dip over the past week but have finally recovered and looks like we could be heading for new all time highs. Bitcoin has once again bounced back after a correction which is very good for it in the long term. Bitcoin could be looking to breach all time highs over the next couple of weeks and on its way to $50,000 which would be a major milestone for Bitcoin. Bitcoin transaction fee has also dropped from its all time highs of about $30 to roughly $14-$15 dollars, which is very high but still a reduction. I am very bullish on Bitcoin in the long terms and it could be well over $100,000 over the next 2 to 3 years. Even though Bitcoin has a lot of potential you might have more gains if you do invest in the altcoins as well.
Ripple, Stellar Lumens and Cardano have seen major price action with Ripple taking over the 2nd spot from Ethereum. Ripple is close to breaking the $3 dollar mark with a lot of optimissm in the market with its wide spread adoption by the banks. Stellar looks like it could potentially breach the $1 dollar mark in the next couple of days or it could have a slight pullback and consolidate before reaching all time highs once again. Cardano has seen a massive increase in prices and could have a slight pullback which would be an amazing time to get into it. Cardano and Stellar Lumens have taken the 5th and 6th spot removing Litecoin from the top 5. Litecoin could see a lot more price action in Q2 of 2018 and could see an increase of over $500 dollars by the end of 2018. These are my general thoughts on the market as of now and do see a lot of potential in the specific cryptos I mentioned up above. 2018 will be an absolutely amazing year for cryptocurrencies with a lot more regulations coming in place giving cryptocurrencies "legitamacy" which will help more widespread adoption.
I personally have invested in Ripple, Stellar and Cardano a while back and will be holding onto them as I do think that they would have massive gains in 2018. I got into Ripple at the 24 cents price point a couple of weeks back and have seen a phenomenal return. I got into Cardano at the 19 cents and into Stellar Lumens recently at 20 cents. These investments have been highly profitable and could have a lot more potential in the coming year.
If you would like to know why I prefer or am bullish on these 3 in specific, ask me down in the comments! I would be happy to share my thoughts more in depth with you. This community has been absolutely amazing and would love to start posting a lot more about different topics too. If you haven't hit that follow button and if you do think that this post has been a good read upvote it! I would love to follow back or even upvote your posts, let me know down in the comments. Thanks to all those amazing people who took time to read this! Thanks, I appreciate every single one of you! Lets get to 100 followers!