Top Cryptocurrencies In 2018
In 2017, cryptocurrencies showed good results and in 2018 continue to attract new investors.
Most newbies certain difficulties when they begin to decide which cryptocurrency to invest in 2018. Everyone faced this once , so don’t worry! If you are trying to decide in which cryptocurrency to invest in 2018? And ask the question: "Should I invest in Bitcoin?" Or "Should I invest in the Ethereum?"
We present to your attention the rating of the best cryptocurrencies according to website CoinMarketCap.
There several factors is influence how the community adopts the digital token. Investors may consider Bitcoin as a tool for storing value, and Ripple - for fast transactions and cooperation with banks.
Others also support comic currencies, such as Dogecoin, or Pokecoin-related Pokémon, which is only worth Bitcoin God.
CoinMarketCap monitors the value more then 1600 different tokens, and based on researches, the company created a cryptocurrency rating by their market capitalization, that is, by their real capitalization.
What factors influence the cryptocurrency rating
Cryptocurrency is a revolutionary new type of money. Like any other currency or measure of value, they are valuable as much as we value them. Some currencies are provided by gold or other precious metals. The cost of others is supported only by their popularity and value in the eyes of people.
In the world, cryptocurrency bitcoin is often viewed as a "reserve currency". The highs and lows of its price often affect the value of other coins. So, Litecoin price often repeats the movements of the bitcoin price with the only difference being that it does not have an increase in the complexity of mining. Because bitcoin is the first cryptocurrency and is most popular, it's no surprise that its value affects other coins.
The cost (or perceived value) of precious metals is determined by their social utility and limited availability in the market. Their price, as well as the price of many other things, is determined by such an economic factor as supply and demand. In some countries, bitcoin and other cryptocurrencies are classified as assets, in others as currencies.
The maximum Bitcoin issues 21 million. Each of them can be divided into 100 million parts. About 7 billion people live on the planet Earth. If even one billion of them want to buy bitcoin (which are only 21 million), it is clear that this can not but lead to a significant price increase.
Characteristics of TOP-10 cryptocurrencies
1. Bitcoin (BTC)
Bitcoin is the original digital currency, which creating, in many respects, was caused by the financial crisis of 2008.
Cryptocurrency was created by an unknown programmer, or a whole group of people, under the pseudonym of Satoshi Nakamoto, and since then he has developed rapidly.
But despite the rapid development and growth in value, there are many dissatisfied people who constantly point to high volatility, low speed and a large transaction fees.
A total of 21 million tokens are scheduled for release, and 16.8 million BTCs are already in circulation.
At the beginning of the week, the Bitcoin market cap was estimated at $ 109 billion.
Ethereum is the second most popular cryptocurrency, which called the main rival of bitcoin.
But Ethereum was originally conceived as a "world computer" super network, to develop decentralized applications that could compete with companies like Google and Apple.
The application based on the ethereum is available on an open distributed platform where the miners earn ether and thus feed the network.
One of the Ethereum co-founders, Joseph Lubin, once said that bitcoin created the basis for blockchain technology, but ETH has every chance to become "more programmable money."
As of 16.07 Ethereum market cap was at the level of $ 45 billion.
At the end of 2017 there was another cryptocurrency - Ripple. Since then it even managed to overtake the Ethereum several times, now Ripple stands the third position in our rating.
Ripple can also be considered a rival bitcoin, but it performs a completely different function and is in fact a centralized transaction network that banks use for money transfers as SWIFT.
If money is transferred via the Ripple network, they are converted into XRP tokens, and then, upon receipt, they are again converted into a currency, which, by the way, the recipient can choose independently.
The ripple manual assures that XRP is a better alternative than other cryptocurrencies.
Ripple market cap on 16.07 was approximately $ 17,5 billion, according to CoinMarketCap.
Bitcoin Cash (BCH)
In August 2017, bitcoin community has sharp discussions on BTC transparency. As a result, something happened that now we call the fork of bitcoin.
During the fork, there is new cryptocurrency, with new characteristics and a new blockchain.
A group of dissenting miners switched to the new software, thus "separating" the token. They believed that the new token could grow and scale as it could not be done by bitcoin.
And although BCH did not manage to overtake bitcoin in popularity and cost, it reliably strengthened in the Top-10 cryptocurrency.
Bitcoin Cash capitalization is approximately $ 12.4 billion.
Cardano is a platform used for input/output digital currencies, and in this process a platform token called ADA.
The Cardano network somewhat resembles the broadcast, as it is also created to support decentralized applications based on blockchain.
It was created by one of Ethereum developers, Charles Hopkinson, in 2015. Sometimes it is called the "Japanese ethereum," because 95 % of its original coin offers (ICO) came from Japan.According to CoinMarketCap, the market capitalization of Cardano is $ 3.6 billion.
Stellar's story is also very unusual. Token managed to grow by 29.400 percent, and this is only for 2017.
Stellar appeared in 2014, and it can also be considered a branch of Ripple - it was created by Ripple co-founder Jed McCaleb and former lawyer Jos Kim.
Stellar is similar to Ripple, as it is also a blockchain network that allows you to quickly and reliably money transfers without boundaries. The network is completely runned.
Stellar market cap is about $ 4 billion.
NEO is a relatively new platform and a token that was created to develop smart contracts and assets on the blockchain.
Cryptocurrency is often compared with the Ethereum, as they have common goals and ideas.
But Noam Levenson, explaining the difference between the cryptocurrencies, said:
The technologies that Neo uses are in many respects the same as the Ethereum, but the platform positions itself as a platform for a new smart economy.
The market capitalization of NEO is $ 2.1 billion.
Litecoin is a peer-to-peer cryptocurrency, which is often called bitcoin's younger brother.
But there is a significant difference. Litecoin transactions are much faster, the number of tokens is higher (84 million tokens), and the mining is much more intensive.
Litecoin created in 2011. It was called "digital silver", compared to "digital gold" Bitcoin, and at that time the cryptocurrency was really in second place.
Now the market capitalization of litecoin is $ 4.5 billion.
EOS is a blockchain platform that is going to overview Ethereum from the perspective of a rolling link to the infrastructure of decentralized applications.
Token was created by Bitshares co-founder, Dan Larimer, and presented at the conference Consensus 2017.
EOS co-founders believe that Ethereum processes too few transactions per second and want to increase this number in its project in order to support the "Internet of things" in the future.
EOS is already processing 50,000 transactions per second, and thus over speed overtakes the Ethereum and even VISA.
The market capitalization of EOS, is in the region of $ 6.5 billion.
NEM is a distributed blockchain and cryptocurrency, known as the XEM token.
The NEM management claims that it "promotes the productivity of the blockade forward".
Currently, there are about 8.99 billion XEM tokens. After breaking the largest Japanese cryptoexchange Coincheck, when the NEM tokens were stolen by 426 million dollars, the price of the cryptocurrency fell dramatically and it moved to the 15th place of the rating, but we are considering it on this list because this is one of the successful solutions to the tokens.
According to CoinMarketCap, NEM's market capitalization is $ 1.4 billion.
Investments in TOP cryptocurrencies
Due to this review, you will find out which cryptocurrencies should be invested in 2018.
The first cryptocurrency was Bitcoin. This was only the beginning, and no one knew about Bitcoin until 2013. But, from 2013 on the cryptocurrency market there is a huge growth, which is difficult to ignore. At the moment, there are more than 1600 different cryptocurrencies, they were created in less than 5 years.
It is clear that in 2017 - the year of the actual explosion was the cryptocurrency. The market capitalization of the cryptocurrency grew by 4000%! In March 2017, the market capitalization of all cryptocurrencies was about $ 21 billion, while now it is more than $ 454 billion. This is a huge indicator!
The cryptomarket is no longer just Bitcoin. There are other cryptocurrencies, such as Ethereum, Litecoin and Ripple. Over the past year, all of them have shown excellent results.
The future of cryptocurrency is much that they say. Some believe that cryptocurrency will not last long, while others believe that they will remain forever.
It is difficult to predict the future of the currency, but what is clear is that the popularity of cryptocurrency continue to grow. One of the reasons why cryptocurrencies are becoming more popular is the blockchain technology that underlies all cryptocurrencies.
Blockchain technology is a technology that provides a secure transfer of transactions, was first used in Bitcoin. But, you can not learn how to invest in a blockchain. Instead, you can find out how to invest in cryptocurrencies that use blockchain.
If you've heard about cryptocurrencies in one way or another, then most likely it was Bitcoin. This is the most significant cryptocurrency - at the moment it occupies 40% of the total capitalization of the cryptocurrency! This is the oldest cryptocurrency, and it still dominates the market. So, if Bitcoin continues to grow, as in 2017, investment in Bitcoin will then be an excellent option in 2018.
Bitcoin price varies every day, and over the past few years it has shown many peaks and falls.
Price for 1 Bitcoin increased from $ 76 (07.09.13) to $ 20,000 in December 2017. But after Bitcoin reached its highest point in December, in February 2018 Bitcoin's price dropped to $ 6,000 and now trading in this region. It's just crazy!
With such price fluctuations for such a short period of time, how to decide when to invest the best in Bitcoin?
Well, we can try to find answers by looking at some important past events - when the price went up or down.
Bitcoin price fell to $ 10,000 in January 2018 - half of $ 20,000 of what it cost in December 2017. Many investors became worried and started selling their Bitcoins. This led to the fact that in February 2018, the price fell to about $ 6,000.
If you invested in Bitcoin, when prices fell in February 2018, you would already have received about 100% of the reinvests.
If you want to invest in Bitcoin, then you need to keep abreast of the latest news and trends
in Bitcoin. When there are news of a new technical improvement, then you can think about buying Bitcoin. If the price of bitcoin falls heavily, then this too can be a good time to buy Bitcoin, because you can buy it at a low price.
If you have already decided to invest in cryptocurrency, then it would be nice to start with investing in Bitcoin. Even if you missed the first major opportunity to invest, investing in Bitcoin can still be a good idea.
It all depends on whether you believe in Bitcoin's future. If you believe this, you should think about investing in it. If you do not, then it's better to stay away from it. The same with any investment!
By the end of last year, the price of the Ethereum was slightly higher than $ 720, while the total market capitalization was about $ 70 billion. In early 2018, the Ethereum rose to $ 1,423, January 4. At that time, the total market capitalization of the Etherium was $ 138 billion!
The Ethereum grew by about 3000% in 2017 and became the second largest cryptaloate, finishing second after Bitcoin.
And if you ask yourself: "Should I invest in the Ethereum?" Or "The price of the Ethereum has already reached its peak?". Well, really, no one knows! But, the following information should help you decide to invest in the Ethereum or not.
Below are the key events that most influenced the price of the Ethereum in the past:
In May 2016, Ethereum invested about $ 150 million. As a result, the price increased from $ 1, in January 2016 to $ 14.80, in May 2016.
Unlike Bitcoin, the Ethereum is not just a digital currency. This is a more advanced blockchain project. This is due to the fact that the Ethereum offers something special - using its platform, developers can create their own cryptocurrencies.
Imagine that you would like to build a solution based on the blockchain to manage the supply chain of your business. Well, thanks to Ethereum you do not need to start from the very beginning. Instead, you can simply create an application on the Ethereum blockchain. Ethereum greatly facilitates the launch of new blockchain projects.
Think about adding an Ethereum to your portfolio, since perhaps it can become one of the best cryptocurrency for investing in 2018.
Julian Hospe, an blockchain expert, said that the market capitalization of Ethereum could grow to $ 200 billion by the end of 2018. If Josep’s prediction is correct, Ethereum price will research to $ 2,000. The reason for such predictions is mainly ICOs (Initial Coin Offerings), so when they are held in 2018, it is planned to use the Ethereum blockchain.
Team behind Ethereum also plans to improve its technologies this year, so the new protocols are almost ready for launch. So, watch the Ether!
Ripple, also known as XRP, became one of the most effective cryptocurrency in 2017, it showed an increase of 36,000%! Yes, you understood correctly. It grew from almost $ 0 in early 2017 to $ 2.4 in December 2017.
Like all other cryptocurrencies, Ripple's price also declined in 2018 - now it is at $ 0.908.
Now you think that you missed a great opportunity without investing in Ripple in early 2017. Ripple can still be a good option for investment in 2018.
Despite the fact that the XRP price is much lower than the price of one Bitcoin, XRP still ranks third in the capitalization of cryptocurrency. Now (05.03.18) its market capitalization is about $ 35 billion.
The main reason for Ripple popularity it is not just a digital currency, but a payment system. Ripple uses blockchain technology to process international payments more reliable and faster.
If you try to make an international bank payment, it takes about 2-10 days to process the transaction. The same payment, but using Ripple, takes a few seconds. Great!
Many large financial institutions, such as American Express, JP Morgan and Santander, are already using Ripple technology. In addition, Ripple partners with the Central Bank of Saudi Arabia, LianLian International in China and other banks around the world.
The future of Ripple in the financial industry can be very good. You should follow Ripple and the partnership. Watch for new partnerships - if Ripple signs contracts with a large bank, then the price of XRP can grow.
Investors who understand what kind of services Ripple offers have already received a lot of money. After the fantastic 2017, Ripple can be the best investment for investment in 2018.
Our list of the best cryptocurrency for investments in 2018 can not be complete without Litecoin. Like Ripple, Litecoin showed excellent performance in 2017 - an increase of almost 8000%.
The price of Litecoin increased from about $ 4 in early 2017 to a maximum of $ 358 in December 2017. But, like most cryptocurrencies, Litecoin also followed the price trend and fell to $ 80, in July 2018.
Litecoin is the fifth-largest cryptocurrency with a market capitalization of about $ 11 billion. Litecoin is of interest to investors, since it is closely related to Bitcoin.
Litecoin was created in 2011, with the goal of improving Bitcoin's technology. Litecoin completes the transaction 4 times faster than Bitcoin. However, unlike Bitcoin, the maximum number of Lightcoin is limited to 84 million 4 times more than the offer Bitcoin (21 million).
Litecoin became the first cryptocurrency to fulfill the Lightning Network transactions in May 2017. Using Litening Network, 0.00000001 Litecoin was transferred from Zurich to San Francisco in one second! Once Litecoin starts using the Lightning Network, it can increase LTC price!
How do investors make decisions when they want to invest in real estate or shares? Do they start investing the moment they think about it? The answer to this question is no!
Before investing in anything, you need a clear understanding of what your goals are and how you will achieve them.