Top 8 Cryptocurrencies to invest in right now
Cryptocurrencies are the future,soon enough we will all be using them to buy things from houses to bubblegum.Here is a list on the cryptocurrencies I think will rise in price in the future.
#8 STEEM
Come on this is Steemit, how can we not mention Steem...
You all know how Steem works and how revolutionary Steem is, so let skip the details.
Many speculators are skeptical about Steem, but I personally think this social media is the future and Steem will rise over 10$ in the near future.
#7 MONERO
Monero is an innovative crypto currency that solves privacy and fungibility issues that persist in the dominant crypto currency, Bitcoin. It solves them by automatically mixing transactions with previous transactions and does this by implementing ring signatures.It is currently at a high market ranking because of the value proposition it offers, and it's name recognition, As it offers complete and total secure, private, untraceable transactions. This aligned with the fact that it's faster then Bitcoin makes it already a high contender for the day to day transaction niche in the crypto market. Many people predict that monero will be up like ethereum before and dash, this is due to bitcoin becoming more insecure in darknet markets and Monero possibly becoming its successor in the deep web.
#6 RIPPLE
Ripple is a payments protocol and a cryptocurrency that were created by San Francisco-based Ripple Labs in 2012. Ripple Labs is a venture capital-backed startup that has develops global payments solutions for financial institutions. In the past five years, Ripple Labs has created a real-time gross settlement system (RTGS), a currency exchange, and a payment network called RippleNet.
According to Ripple Labs, “Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally,” and all of its transactions are recorded on the decentralized XRP Ledger.
Ripple (XRP) is one the emerging cryptocurrency in the market, as this cryptocurrency is made for remittance or inter banks transfer purpose.
Also it is on its path and more and banks are accepting it. The point which is strengthening the investment opportunity in XRP is because major exchange has included Ripple on their system.
Ripple is expanding in more countries to strengthening it's market and ultimately rising it's value.
One more point that make ripple a good investment opportunity is it's economic according to which all the XRP is premined hence helping in increasing it's value.
#5 MAIDSAFE
While Bitcoin's purpose is a currency, the SAFE (Secure Access for Everyone) network, according to its homepage, is "a fully decentralized platform on which application developers can build decentralized applications. The network is made up by individual users who contribute storage, computing power and bandwidth to form a world-wide autonomous system." Users will be able to store any kind of information in a decentralized manner on the network, whether files, text, websites, or applications. An example application is a basic file-storage service like Dropbox. When you upload a file using an app powered by SAFE, behind the scenes it will break up your file into small chunks, encrypt each chunk such that no one knows what they are, and send them to the network. At least 4 copies of each chunk will be stored on nodes on the network around the globe. If a node or chunk becomes unavailable, the nodes connected to it immediately detect this and make another copy from one of the others. This same process is used for all data stored on the network. This also means that there are not any centralized hosting providers, such as AWS, where your data will be stored. The SAFE network is your cloud provider.
Watch this video to know all you need about investing in Maidsafe:
If you don't want to watch it ill summarize; yes, you should.
#4 LITECOIN
Litecoin has been around for a very long time and has shown success at keeping a healthy value to its cryptocurrencies. Also the largest Bitcoin wallet provider Coinbase has added the cryptocurrency to GDAX for trading. The longstanding trusted cryptocurrency has been a safe long term investment for quite a while now. Picture Litecoin to be the 5 dollar bill compared to the 100 dollar bill (bitcoin). To have a successful cryptocurrency it needs three things: professionalism, quantitative flow, and trust. Litecoin has it all.
#3 GOLEM
Golem is a platform built on a peer-to-peer network which sources computing infrastructure in a decentralized manner to create a global market for computation. They call it the “worldwide supercomputer,” to which anyone can contribute and from which anyone can buy computation.(If you want more info read my previous post on Golem)
really think GNT (Golem) is the next coin to multiply in value by 50 or even 100 by the end of the year and has the potential to multiply by 1,000-10,000 within the next couple of years which makes it the best investment opportunity. Here is why:
Golem can be adopted by Universal, Pixar, Disney and in future development phases Golem will be working on protein synthesis and DNA folding (Can be used by the biggest pharmaceutical companies to develop new medicine). As the devs call it; this is the airbnb of computing power. This is a very revolutionizing idea and I think is going to work and boom in value sooner or later.
#2 ETHEREUM
How can anyone make a investing in cryptocurrency top without mentioning Ethereum?
While bitcoin aims to disrupt PayPal and online banking, ethereum has the goal of using a blockchain to replace internet third parties — those that store data, transfer mortgages and keep track of complex financial instruments.
For the previous reasons, numerous investors have started to take a shine to Ethereurm which explains its recent meteoric rise. Ether went from approximately $16 in early February to over $50 today. This may cause a number of people to question whether it is a bubble and could come to adjust. This can indeed be difficult to judge as the rise was indeed quite sharp.
Ethereum is also alot more volatile than Bitcoin currently. However, this is probably as a result of its infancy status.I think Ethereum will replace Bitcoin in the long run and that yes, you should invest, but invest with caution.
#1 BITCOIN
Well, we all knew Bitcoin was going to be #1.
Bitcoin has proven a store of value over the past few years, and it is currently trading at 2500 US dollars today. The price does vary a lot, but it outperformed all the other investments by a mile.
Bitcoin has the network effect, and most people present in the digital world have heard of it.
Over the past couple of years, Bitcoin got a lot of venture capital money, so we expect to see some interesting apps and project coming to the market in 2017. Also, these projects will drive wider public adoption which would push the price up. In April, Japan gave Bitcoin the status of legal currency. As a result, all major retailers in the country started accepting Bitcoins as the payment method.
Bitcoin's cost in January was around 1000 US dollars. From then till now the price went up over 400 percent. We can only guess how far it can go. One thing is certain - there's a lot of money invested in Bitcoin, so it won't be going anywhere soon.
Thanks for reading! I hope you earn a lot of money because of this top, but remember, never invest money you don't have and fear buying doesn't make money!
Please upvote and follow for more!
I agree with all but not Ripple :D
Why? Could you please explain for your fellow investing stemians?
Just because it is not a real cryptocurrency, it's centralized and controled...
Ok, thx for the new info. ,Ill investigate Ripple further. If you enjoyed the post id really appreciate an upvote :)
Good work man!
Similar to maidsafe, I think siacoin can have success as well!
Upvoted and following!
And welcome to steemit, keep working like this!
You've got skills to envy.
Nice post
Decent point. Nice to see I'm not the only one who thinks like this. You read this stories about people selling their cars to buy cryptos and I think to myself: Don't invest money you don't have. I was researching a way to find more info about the current cryptocoins on the market. I really advice people to take a look at: https://www.coincheckup.com An amazing crypto research site. They researched every single crypto out there. This is truly great.
Very good blog. I was about to post a similair thread. Buy and hold for the upcoming 3 years and the blockchain market will find it's way. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). An interesting website I found: https://www.coincheckup.com If you want to know more about the: team, product, communication transparency, advisors and investment statistics on every crypto then this is your go to platform.