What's the best cryptocurrency to buy in 2018?
Narrowing down the best cryptocurrency to buy in 2018 depends on how deep into crypto roster you're willing to go.
Investing in cryptocurrency is already a highly risk proposition-any one of them could quickly collapse to zero- but the more established cryptocurrencies such as Bitcoin,Ethereum and Ripple are somewhat less risky.
And while these better-known cryptocurrencies are expected to rise significantly in 2018, they aren't likely to deliver the kind of percentage gains they delivered in 2017. Bitcoin rise 1,318% last year. Ethereum 9,162% and Ripple a stunning 36,018%.
But some of the newer cryptocurrencies could achieve similarly monster gains, particularly those that trade for relatively low prices(in many cases under $1).Plus, it's wise to diversify your crypto holdings just in case one does suffer an epic collapse.
So here's Top 10 cryptocurrencies for this year.
BITCOIN(BTC)
Year launched:2009
Feb.22 price:$10,100
Market cap:$169.7billion(Rank:1)
Monthly volume in U.S dollars: $250.9billion (Rank:1)
Where to trade it: Bitfinex, GDAX, Bitstamp, Kraken, Bittrex, Binance, Gemini, Poloniex
Key Feature: As the first cryptocurrency , Bitcoin has the most secure network and the best-known "Brand"
ETHEREUM(ETH)
Year launched:2015
Feb.22 price:$810
Market cap: $79.2billion (Rank:2)
Monthly volume in u.S dollars: $100.6 billion (Rank:2)
Where to trade it: Bitfinex, GDAX, Bitstamp, Kraken, Bittrex, Binance, Gemini, Poloniex
Key feature: Ethereum is turning complete ,which means it can function as one giant global computer.
RIPPLE (XRP)
Year launched:2012
Feb.22 price: $0.937
Market cap :$36.55 billion (Rank:3)
Monthly volume in U.S dollars : $42.9 billion (Rank:4)
Where to trade it: Bitfinex, GDAX, Bitstamp, Kraken, Bittrex, Binance, Gemini, Poloniex
Key feature: Ripple offers bank a way to settle cross-border payments in real time.
LITECOIN (LTC)
Year launched:2011
Feb.22 price:$197.3
Market cap: $10.9 billion (Rank-5)
Monthly volume in U.S dollars: $24.38 billion (Rank:5)
Where to buy/trade it: Bitfinex, GDAX, Bitstamp, Kraken, Bittrex, Binance, Gemini, Poloniex
Key feature: Litecoin is an adaptation of Bitcoin's code base but designed for faster payments,higher transaction capacity and near-zero fees.
MONERO (XMR)
Year launched:2014
Feb.22 price:$286
Market cap:$ 405 billion (Rank-11)
Monthly volume in U.S dollars :$ 2.33 billion ( rank:24)
Where to trade it: Bitfinex, GDAX, Bitstamp, Kraken, Bittrex, Binance, Gemini, Poloniex
Key features: Monero was specifically created to facilitate untraceable, truly anonymous transactions.
NEO (NEO)
Year launhed:2014
Feb.22 price:$115
Market cap:$7.47 billion (Rank-7)
Monthly volume in U.S dollars :$9.67 billion ( rank:10)
Where to trade it: Bitfinex,Bittrex, Binance,
Key feature: Like ethereum, china-based Neo is turning complete, whicg means it can run smart contracts and Dapps. but it also has a built-in identity feature that enables new uses while making the cryptocurrency more appealing to an authoritarian chinese government uncomfortable with anonymous transactions.
STELLAR (XLM)
Year launched:2014
Feb.22 price:$0.3667
Market cap:$6.77 billion (Rank:8)
Monthly volume in U.S dollars :$ 6.42 billion (Rank:14)
Where to trade it: Kraken, Bittrex, Binance,Poloniex
Key features: Stellar's transactions close in seconds at fractions of a penny, and the network allows users to convert fiat currencies , such as euros to U.S dollars.
NEM (NEM)
Year launched:2015
Feb.22 price: $0.418
Market cap: $3.76 billion (Rank:13)
Monthly volume in U.S dollars :$1.99 billion (Rank:28)
Where to trade it: Bittrex, poloniex
Key features: Not only is NEM designed for scale and speed, it's " smart Asset System" is customizable, making it easier for developers to adapt it to multiple uses.
IOTA (MIOTA)
Year launched:2017
Feb.22 price: $1.61
Market cap:$4.47 billion (Rank:12)
Monthly volume in U.S dollars: $1075 billion ( Rank:31)
Where to trade it: Bitfinex, Binance
Key feature: The German-Based IOTA is the rare cryptocurrency that dispenses with the blockchain, opting instead for a Technology called"TANGLE". To conduct a transaction on the IOTA network, a device first needs to verify two randomly chosen existing transactions. Thus the cost of making an IOTA transaction is near zero and actually reduces with scale.
CARDANO (ADA)
Year launched:2017
Feb.22 price:$0.3347
Market cap:$8.67 billion (Rank:6)
Monthly volume in U.S dollars: $15.1 billion (Rank:8)
Where to trade it: Bittrex, Binance
Key features: Cardano is third-generation cryptocurrency. it has a roboust proof-of-stake system to verify transactions and stores data associated with a transaction in a seperate layer of code. it's also designed to combine privacy with regulation. These features make Cardano faster, more efficient and capable of handling more sophisticated transactions than Bitcoin and other cryptocurrencies.
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