Most people who are currently invested in crypto are doing so to make money. If the past year or two has taught us anything, it's that A LOT of money can be made in crypto in a relatively short space of time. Of course, investing in crypto is an extremely risky and volatile business but while the risks can be great, the rewards can be greater.
It goes without saying that all of these picks could potentially moon or see their price dramtically increase if the crypto market has another bullrun like the one we experienced at the end of 2017. However I have chosen these ones as I believe that they could not only reach their all-time highs again, but surprass them over the next fear years. While a lot of projects will likely die out or fade away, I believe that these five projects could be around to stay for the long run. And with a few years of development and price building behind them, now could be the perfect time to buy in.
Here is my pick of the 5 cryptocurrencies that could explore in the near future and make anyone who is invested in them a lot of money!
5) Steem
Steemit is one of the few cryptocurrencies and blockchain solutions that actually work right now and have a use right of the box. As a result, Steemit has years on any potential competitor and being first to market is one of the most important factors when weighing up a cryptos success. Already Steemit is in a position that most other projects can only dream about.
However, the fact that Steemit allows anyone to begin earning Steem for free by contributing content to the platform already makes it a crypto that's well worth your time.
Currently, Steem is worth just under a $1 which is a far cry from the heights of $7.31 earlier this year. While the price has continued to decline, Steemit has continued to grow over the past year. That's good news for the future of the platform.
If the crypto market has another bull run, Steem will undoubtedly benefit with the price of Steem potentially tripling in a short space of time. If things go well, we could be seeing Steem closing in on a new ATH. At its current price, that would represent over 700% profit! However, the reason why I recommend it is that you can get Steem for free. If you can, and we have another price surge, you're quids in!
4) Aeternity
I've been a long admirer of Aeternity for some time now and I feel strongly that it could prove to be a challenger for Ethereum or other similar projects which aim to create dApp marketplaces and solve scaling issues.
Aeternity has been around since mid 2017 and has consistently hovered above the $1 mark, hitting a peak of $5 per AE in May. While currently, one AE is worth $1.19, I anticipate that Aeternity's price will rocket up with any bullrun that crypto experiences.
However, I tip Aeterinity as a long-term hold and I fully expect that its price will surge when it launches its main network in the near future, regardless of what the market is doing. If the developers play their cards right, there's really no telling where Aeternity may head to in the future.
Compared to other similar projects, the Aeternity team have proven themselves to be more than competent to complete the project and are already focusing on having a range of dApps ready for launch. They've been extensively testing their test net ahead of launch and overall, I'm a big fan of what they're trying to achieve.
Will we see Aeternity's price do what Ethereum did? Unlikely, but compared to other projects, I don't see why one Aeternity could not be worth upwards of $20 in the next few years if the team deliver their goals.
3) Nano
Nano is a project with a massive and dedicated following who will defend it to the death. That can often prove to be much more important when it comes to price surges than the technology itself. Nano has had a bit of a rocky past but those days are now behind it and the future of the project looks promising.
Right now one Nano costs around $3.20 which is a fraction of its all-time high of over $34. Anyone picking up Nano at its current price would be set to profit big if Nano got anywhere close to its all-time high anytime soon. However, those who managed to grab some Nano when it hit around 88 cents a week or two ago made a great decision.
While Nano does have a lot of competition, it knows exactly what it wants to be. A cryptocurrency. A cryptocurrency with no fees, instant transactions and scalability. Despite being in 2018, no crypto has yet managed to crack that holy grail but Nano may just be the one to do it. And if it, it could profit big.
2) Ethereum
Ethereum is the second largest cryptocurrency behind Bitcoin and despite sitting at just below $300, it still has a lot of growth potential for any would-be investor.
Ethereum is a great pick as not only is it one of the less riskier investments given how large Ethereum truly is, but it also has a lot of room to grow and $2000-3000 an Ether doesn't seem unplausible in the future. That would represent an 1000% profit on its current price.
The team behind Ethereum are working on improving a number of issues Ethereum currently has, such as scalablity. As more and more use-cases for Ethereum are developed and the main issues holding it back as a legitimate currency are solved, Ethereum will almost definitely experiene a surge in price.
While it may not bring the largest returns within the next few years, it is one of the safest investments you could make. And nearly everyone would agree that Ethereum is a steal at sub $300.
1) VeChain
VeChain is an exciting project with a tonne of potential. What makes VeChain really standout though is the amount of partnerships they have already signed with multi-billion dollar companies. Not only that, but the whole project is aimed at connecting the real world with blockchain technology and giving it a meaningful use. So far no cryptocurrency has been able to achieve this, but the first one that does will surely moon. And I believe that VeChain has all the right characteristics to be it.
Right now, one VET costs $0.018 with a current marketcap of just under one billion dollars. Given the marketcap's of other projects which in my opinion do not have the potential or partnerships in place that VET does, it doesn't seem unreasonable to predict that VET's marketcap could reach 30 billion dollars in a bullrun. That would put the price of one VET at just under $0.60, a return of more than 3000% at its current price!
When it comes to price potential, VET looks good but of course, that's all speculation. What makes me hopeful for the future though is the aims of the project and the partnerships they have already signed and are looking to sign.
What cryptos do you think could be heading to the moon within the next year or two?
Please note that this shouldn't be taken as financial advice. This is just my opinion. You should do your own thorough research before investing any money. Only invest what you are prepared to lose.