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The main reason for this sudden new interest has been the spike in the prices of Bitcoin and other cryptocurrencies.Naturally, people have been intrigued by this entirely-digital currency platform and have been wondering how to make money out of it.
First things first, there’s something important you MUST know.Investing in Bitcoins or cryptocurrencies is a highly speculative activity.The ups and downs follow no specific pattern and the market is unregulated.Therefore, you should be aware of this ground reality before processing any further.
To start with lets first understand what a cryptocurrency is.Normal currencies like the dollar or the pound are issued by the central banks of different countries.These currencies are valid only because they’re guaranteed by the central banks of their respective countries.They are available in coins and banknotes which can be used for making transactions.
Cryptocurrencies, on the other hand, are completely digital.They work on something called a “blockchain” mechanism where every transaction is recorded in a single ledger using encryption.These currencies are not controlled by any central bank or authority and, therefore, are considered to be outside governmental control.
As a result, details of cryptocurrencies and their holders are completely anonymous.The transactions made through cryptocurrencies are also anonymous since there is no identifiable record of who exactly holds which cryptocurrency and in what amount.
This has made Bitcoin and other cryptocurrencies a favorite tool of those who wish to remain anonymous while conducting their activities.Payments can be made on the Dark Web using cryptocurrencies mainly because they are untraceable and outside government control.
This fact has greatly contributed towards the rise in the value of cryptocurrencies.Of course, there are some genuine applications of these currencies and, increasingly, a lot of renowned international websites and merchants have started accepting them as a legitimate form of payment.
With a plethora of cryptocurrencies out there in the market, the biggest question that people face is: which of these should I be tracking?
We did some research to find out the 10 most important cryptocurrencies in the market that are legit and worth looking at for an average person.
Here’s a list of the 10 Best Cryptocurrency to Invest in 2018.
1- Ethereum (ETH)IMG_20180710_170102.png
Ethereum is a cryptocurrency proposed by Vitalik Buterin, who was a computer programmer. It was launched in July 2015 with about 12 million pre-mined coins. Ethereum saw a massive spike last year as it grew over 13,000% in value making it a phenomenal investment option for cryptocurrency enthusiasts.
Screenshot_2018-07-10-15-42-32-355_com.kyriakosalexandrou.coinmarketcap.pngLast One year Chart.
Ethereum is your very best to purchase, sell and trade in 2018. According to the Coinmarketcap, Ethereum is the most market capped crypto in the market after bitcoin.
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2- VeChainScreenshot_2018-07-10-17-16-00-264_com.google.android.googlequicksearchbox.png
Based out of China, many consider VeChain to be one of the most under-rated cryptocurrencies in the market right now. This makes it an extremely attractive coin for investors in 2018.
The company is headed by Sunny Liu who has been a C-level executive at several Fortune 500 companies in the past.
IMG_20180710_171828.pngLast One year Chart.
As an Upcoming cryptocurrency project, VeChain’s basic aim is to develop supply chain solutions for Chinese corporates which will also help them in preventing counterfeiting.
Why is Ve Chain future-proof Coin?
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3- Ripple (XRP)IMG_20180710_172133.png
Backed by a company with the same name, Ripple has recently been in the news for its widespread adoption by several companies. Even reputed institutions like MIT now accept Ripple as a legitimate form of payment.
IMG_20180710_172723.pngLast One year Chart.
Even a startup called Omni recently raised its Series C and D funding of USD 25m completely using Ripple rather than traditional currencies.
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4- Litecoin (LTC)IMG_20180710_172417.png
Started in 2011, Litecoin is modeled on the Bitcoin framework and was the idea of a Google employee named Charlie Lee. The USP of Litecoin is that it processes a block every 2.5 minutes thus making it a much faster means of processing transactions.
IMG_20180710_172827.pngLast One year Chart.
Between November and December 2017, Litecoin saw a tremendous jump in its value and has made it one of the top cryptocurrencies in the world.
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5- DashIMG_20180710_172515.png
Dash (which stands for Digital Cash) is an independent Next big Altcoin platform which started in 2015.
IMG_20180710_172637.pngLast One year Chart.
With a market capitalization of USD 4.8bn, Dash handles close to USD 100m worth of transactions per day thus making it one of the world’s top cryptocurrencies.
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6- Zcash (ZEC)IMG_20180710_172231.png
Zcash is one of the new promising entrants on the cryptocurrency scene and it’s recent spike in price stands restatement to its bright future. Started in 2016, ZCash is headed by Zooko Wilcox-O’Hearn who is the founder as well as the CEO.
IMG_20180710_172614.png