Last Updated: September 16th, 2019
Cryptocurrencies are already dominating the investment market and Bitcoin is considered as one of the biggest cryptocurrency in terms of generating much profit in the future. So far as the concept about such digital currency is concerned, people all over the world interested in investments have heard only about the procedures involved in the Bitcoin investments. Additionally, viral news and videos related to amazing benefits via investments using such types of digital currencies are already well known. One of the most important reasons for investment in Bitcoin-like cryptocurrencies is that the same as the succeeded in winning the trusts of the investors globally with a sum total of 40% share in the total cryptocurrency markets. Accordingly, if the popularity graph keeps on increasing with respect to much better profits and highest customer satisfaction, then Bitcoin will be booming the investment market in 2018 as well. However, it will not be appropriate to positively predict the booming strategies of the Bitcoins in 2018 as well. Accordingly, the following is the list of best cryptocurrencies to invest in 2018 for maximum returns along with the inclusion of Bitcoins.
Things To Consider Before Investing In Cryptocurrencies
The market for cryptocurrency is highly volatile and involves risk if you are a first-time investor you need to consider a few points before you take the plunge.
- Buy a safe and trustworthy wallet to secure your cryptocurrencies.
- Do a lot of Market research before you invest in a particular cryptocurrency, prices of cryptos swing.
- Is investing in cryptocurrency a good option for you?
- How much loss are you ready to incur?
- How much profit can you make?
- Are you going to invest in long-term or short-term? Will you sell cryptocurrencies when the prices will be high?
10 Best Cryptocurrencies
1. Bitcoin (BTC)
Bitcoins will definitely be the first priority for the investors who are willing to invest in the digital currencies for maximum returns. The main reason is the trusted people satisfaction, easier mining processes, plenty of skilled professionals involved globally to better mine the Bitcoins, lesser chances of risks involved, maximum returns as yet without any defined problematic issues etc to name a few. Most of the people yet believed that the first always remains the best and therefore opt to invest only in this digital currency without any worries. Expected benefits are much more than the expected losses, interest is provided on the investments and comparatively easier access to the invested amount is there without any long-term investment procedures. One of the more attractive factors is that the blockchain technology facilitates the digital transactions where all the transactions are recorded and moved ahead for further verification processes. If you are looking forward to investing in cryptocurrencies, Bitcoin is one of the best cryptocurrencies to invest in 2018. Check out these Best Bitcoin Wallets and Best Bitcoin Exchanges.
How Bitcoin ETF Approval Will Affect Market
2. Litecoin (LTC)
Litecoin’s popularity is getting more popular among the cryptocurrency investors due to comparatively higher profit returns as compared to the Bitcoins. The speed of mining and transaction process is another major factor in the sense that if the Bitcoin can complete a transaction in 10 minutes, Litecoin will take only 2 minutes 30 seconds for completing the similar transaction. 21 mln is the fixed cap for transaction processes related to Bitcoin while Litecoin proceeds with 84 mln which is much higher in comparison to the prior one. The currency is also known for Lightening Network Transaction (LNT) capable of transferring a fraction of the currency in less than 10 seconds. Even more, advancements are expected in terms of technology in 2018.
3. ZCash (ZEC)
Despite being new to the digital investment markets, Zcash has been noticed in dominating the investor’s mentality with an advanced set of features. Each and every transaction done via the platform is published on a public blockchain process. Moreover, anonymous transactions can be maintained using the transaction process with added confidentiality. Detailed transaction report can be accessed using the environment making the investment and reliability factors more strengthened. At present, there are 21 mln coins in circulation associated with the ZCash. Secure ledger of balances in the transaction network is maintained without involving the identities of investors along with the amounts engaged in the transaction process.
4. Dash (DASH)
Dash is an abbreviated form of Digital Cash preferred by the investors to invest and gain added benefits. The digital currency is kept under the top five cryptocurrencies in use today with a market capitalization of $ 4.8 billion. The graph of the transaction went slightly low in the year 2015 but boomed again and reached a minimum daily transaction limit of $ 100 million. Added advantages included with this cryptocurrency investment are solution of Bitcoin scaling and consensus problems, $2.5 million monthly investment budget, decentralization focused digital currency and added security, reliability and highly insured for mass acceptance.
5. Etherium (ETH)
The price and market dominance of ETH can be understood by the fact that during the end of 2017, the price was around $ 720 and the market capitalization concerned with the currency were put at $ 70 billion. Right now, the price has already been doubled in comparison and is accordingly most firmly entrenched to invest and gain maximum profit rates with ease and comforts. Additionally, the currency is corruption free as there is no possibility of censorship, no limits in megabytes, easier to mine ether tokens, avoidance of hacker attacks due to enhanced mining algorithms. The same can even be used for fundraising processes with better implementation of smart contracts for various projects.
6. Neo (NEO)
Neo is one of the most widely used Etherium like cryptocurrency used frequently in China and even known as China’s Etherium. Neo provides the facility to trade any of the required assets with the help of blockchain technology along with the association of smart contracts. The close competitor to the Neo is the ETH as they smoothly function upon the same ides of generation. So far the matter of global ranking of the cryptocurrencies are concerned, ETH is ranked 2nd and Neo is at 10th rank all over the world. The technology behind Neo is based upon Delegated Byzantine Fault Tolerant System providing added sophistication to the system with improved proof of stake technology. It has become of one of the best choices for investment in digital currencies globally.
7. Steem (STEEM)
Steem is one of the specific branches concerned with the renowned blogging and social media platform named Steemit. With growing advent of the cryptocurrencies and looking at the beneficial scopes concerned with the same, Steemit has also finally decided to put the efforts and earn crypto benefits. The basic principle behind the working of Steemit is concerned in the form of tokens awarded to the creators for doing the activities such as writing blogs, comments etc. Finally, the tokens thus earned can be used to pay for the things over the platform.
8. Nano (NANO)
Nano is one of the best replacements for the already existing Fiat currencies associated with BTC. However, the introduction of Nano addresses the various problems causing BTC issues today with the possibilities of creation of a comparatively much better BTC transaction experience. Utilization of Nano cryptocurrency helps in analysis and improvement concerned with the address scalability problems and cutting down the transaction times. Furthermore, energy consumption issues concerned with the BTC mining activities are also properly handled and resolved.
9. IOTA
The popularity of IOTA is getting viral globally these days as the utilization of this digital currency requires zero investments for any of the transactions. Few of the most popular cryptocurrencies are using blockchain technology for trading and mining purposes but the trading of IOTA is based upon ‘Tangle’ technology mechanisms where all the concerned persons in the trading processes are given authority to successfully verify each other’s transactions. Despite the sole utilization of ‘Tangle’ technology, the consensus blockchain phenomenon is yet utilized but a huge number of devices approximately in millions are required to get connected with each other.
10. Siacoin (SC)
Siacoin is even gaining extreme popularity and is assumed to dominate the crypto market trading in the year 2018. An alternative cloud storage service is provided by Sia which is ultimately encrypted and processed via a decentralized network configuration. Looking at the benefits provided to Sia, it can be considered as one of the cheapest and only service focused on working with both privacy and decentralization mechanisms. Siacoin favors the top level security provided by the hosting services and even scores higher in terms of ensuring added anonymity. Unlike most of the already traded cryptocurrencies available, Siacoin works with the cloud environment offering high levels of security with peer-to-peer networking services.
With reference to the above-mentioned points, it is obviously understood that cryptocurrencies are going to be the currency of the future following the rich set of trading functionalities and advancements. Less risk factor, hosting over cloud-based architecture, maximum returns, lesser burdens etc are few of the top level advanced characteristic features concerned with the investments in cryptocurrencies. The frequent domination of the Bitcoins will undoubtedly be there in the crypto trading market but as the time is passing frequently with more advanced technology introduction, it is better to have an idea about the digitization procedures concerned with the trading of other similar digital currencies providing comparatively higher returns and trading benefits. The mentioned series of points accordingly explains the features, specifications and trading benefits concerned with the other cryptocurrencies as well for much better returns with assured and guaranteed profits. Staying updated with technology advancements has always proven to be the best idea and therefore it is better to remain updated with modern cryptocurrencies as well for much better returns on our valuable investments.
What are your views on investing in cryptos? Which according to you are the best cryptocurrencies to invest in 2019?
Really helpful post for those who want to invest crypto in the now in 2018. Thanks for sharing such a great information.
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