These are the Top 5 Cryptocurrencies to Invest in 2018 for the maximum growth and return. Cryptocurrencies are the talk of the town these days. They’ve been gaining a lot of popularity since the exponential rise of Bitcoin prices last year.
The market for cryptocurrency is getting fast with each passing day.What are the possible reasons for the same? The prices are driven by the increase in mainstream adoption and rising awareness of cryptocurrency among the general public. Moreover, the demand and supply are the crucial factors that impact the prices of this digital currency.
Most experienced investors are not in the favor of cryptocurrencies because of their volatile nature. All cryptocurrencies are subject to high volatility and risk and just like any investment strategy, it’s a good idea to do your homework before putting your money into something.
In this article we will tell you the Top 5 Cryptocurrencies to Invest in 2018 that have the best growth potential and a practical use in real life. We would suggest using binance or bittrex for purchasing the cryptocurrencies mentioned in Top 5 Cryptocurrencies to Invest in 2018.
1. DASH (DASH)
(Formerly known as Darkcoin and XCoin)
- Market Cap: $8.5 Billion
- Price: $1,062.74 USD
- Creators: Evan Duffield
Dash (known earlier as Darkcoin) is a very popular altcoin with it’s main focus on transaction speed and privacy. Instead of using a single mining algorithm, it relies on X11 – a collection of 11 algorithms which are there to ensure fair distribution of coins between miners.
Dash is at the top of our Top 5 Cryptocurrencies to Invest in 2018 list because it solves two major problems of bitcoin, which are slow transaction speed and not complete ambiguity or privacy.
2. Litecoin (LTC)
- Market Cap: $13.5 Billion
- Creators: Former Google employee – Charlie Lee.
- Price: $238.45 USD
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
3. Bitcoin Cash (BCH)
- Market Cap: $40.6 Billion
- Creators: Team of developers that forked it from the original Bitcoin blockchain.
- Price: $2,459.17 USD
Bitcoin Cash was created to bring back the essential qualities of money inherent in the original Bitcoin software. Over the years, these qualities were filtered out of Bitcoin Core and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transactions and transfer times taking hours to days. This is all because of the problems created by Bitcoin Core’s blocks being full.
4. Ripple (XRP)
- Market Cap: $40.5 Billion
- Creators: Ryan Fugger, a web developer. Chris Larsen, a businessman. Jed McCaleb, a programmer.
- Price: $1.89 USD
Ripple is the name for both a digital currency (XRP) and an open payment network within which that currency is transferred. It is a distributed, open-source payments system that’s still in beta. The goal of the ripple system, according to its website, is to enable people to break free of the “walled gardens” of financial networks – ie, credit cards, banks, PayPal and other institutions that restrict access with fees, charges for currency exchanges and processing delays.
5. Monero (XMR)
- Market Cap: $4.8 Billion
- Creators: Like Bitcoin, Monero’s creator is anonymous.
- Price: $390.68 USD
Monero is an open-source, privacy-oriented cryptocurrency that was launched in April 2014. The developers involved introduced this innovative cryptocurrency without setting aside any for themselves, and the team has relied on donations and the broader community to further development.
Monero leverages ring signatures and stealth addresses to obscure the identity of senders and recipients. Ring signatures combine or ‘mix’ a user’s account keys with public keys obtained from monero’s blockchain to create a ‘ring’ of possible signers, meaning outside observers cannot link a signature to a specific user.
Right now there are 15.5 million XMR in circulation, but Monero does not have a fixed coin supply.
Also Read- Top 10 Cheap Altcoins to buy in 2018
You should not invest blindly in the crypto currency market because it is too volatile and premature to be predicted correctly. Always do your research before investing in any market.
Top 5 Cryptocurrencies to Invest in 2018 Giveaway
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