Cryptocurrencies That Deserve Your Attention: Top 5 2018
Cryptocurrency market is a perfect place where to make profits for a lot of investors. CoinMarketCap points out that there are 1567 cryptocurrencies already, and new ones are frequently being released. Of course, Bitcoin still stays the most popular cryptocurrency, followed by such well-known and trusted ones as Ethereum, Litecoin, and Ripple. However, there are existing cryptocurrencies that are less popular but are worth paying attention at. Also, among the newly-released digital coins, there are cryptocurrencies which have already shown positive dynamics since their creation and which are continuing winning trust among investors.
How to recognize a promising cryptocurrency among not well-known and new ones?
Despite such a variety of altcoins in the market, a lot of people invest in Bitcoin or Ethereum due to their popularity and big names. Also, for cryptocurrency investment beginners, the variety of altcoins may be overwhelming and confusing. People start investing in Bitcoin because they know it is popular, it attracts a lot of other investors, and it is probably the first digital coin which comes to many people’s minds with the word “cryptocurrency”.
But some smaller altcoins are also worth being kept in mind as they may serve as a reliable source for money storage or may bring good profits. But how to understand whether a certain cryptocurrency is good for investment as well?
In spite of being not so known or very new, if cryptocurrency s developing, it is always a good sign. Platform renovation, establishment of cooperation with other companies, and any consistent development show that the cryptocurrency is on a right way.
Cryptocurrency which is stable is reliable. With the new ones, it may take time to track their stability, however, with the already functioning for some time cryptocurrencies it is an important factor.
Top 5 promising cryptocurrencies that are worth your investment in 2018:
Stellar (XLM) is not a new cryptocurrency, however, it is still relatively unknown compared to some other ones. Its price currently is $0,2, and the market capitalization is around $4.8 billion. A good sign of Stellar’s development is its establishment of partnership with IBM and KlickEx, who is now using Stellar blockchain technology for the cross-border payment system development.
Cardano platform was released on September 2017, and in November 2017, its digital coin Cardano (ADA) broke into the top ten cryptocurrencies in terms of market capitalization, which is currently around $5 billion. The cost of Cardano is approximately $0,2 and the current circulating supply of coins is almost 26 billion out of 45 billion. Cardano is still not very well-known, however, it is priming for mass adoption. Experts are making very positive forecasts for Cardano future, predicting a rise in price. Cardano is a right decision for the long-term investment which is not aimed at fast profits.
Komodo was launched in October 2016 by ZCash, fork of Bitcoin Blockchain. Komodo Blockchain platform has an advantage of completely private, anonymous, fungible and transparent transactions. Komodo platform includes ZCash protocol, and Delayed Proof of Work protocol. Current price of Komodo is $3 and the market capitalization is $310 thousands.
Verge (XVG) was created in 2014 under the name of DogeCoinDark, and was renamed in 2016. It is backed with Bitcoin but it’s main benefit is the possibility of making transparent and anonymous transactions. Privacy in this case is completely secured. Verge has a public ledger, meaning that transactions are visible. Verge also developed an algorithm which does not let IP be traced. The price of Verge now is $0,03, and the market capitalization is $500 thousands.
Vertcoin was introduced in January 2014. Unlike Bitcoin, it is resistant to centralised mining, and its mining is fair. What is also important for understanding the Vertcoin, is that Vertcoin is working on cross chain atomic swaps with Litecoin. It means that when lightning network is implemented on Litecoin, it will be possible to use Vertcoin everywhere where Litecoin is accepted. In 2017, Vertcoin experienced a significant price growth from $1 in October to almost $10 at the end of December. At the current moment its price is around $2, and the total market capitalization is $95 thousands.
New or relatively unknown cryptocurrencies are worth paying attention at as their development makes them reliable and trustworthy, and ensures that investments in them can bring profits.