2017 was an exciting year for the cryptocurrency market as a whole, the market cap was $17 billion on 1 January, 2017… It surged past the $600 billion mark at its’ peak. Leaving us questioning what is in store for 2018… but the question on a lot of investors mind is what are the top cryptocurrencies or which are the best cryptocurrencies to invest in throughout 2018.
We want to give an incite into 3 cryptocurrencies we think will be among the top cryptocurrencies and therefore the best cryptocurrencies to invest in throughout 2018.
2018 has so far seen the value of the overall cryptocurrency reduce quite significantly, this in turn has scared a lot of new and existing investors out of the markets. Causing a lot of negative reporting towards the general industry, but really, this is nothing more than a perfect time to invest.
We have therefore decided to share our three top cryptocurrencies, each off the cryptocurrencies listed below are simply an opinion based on some factors and in no way is this investment advice. However, based on our arguments below this is why we believe these could be the best cryptocurrencies to invest in throughout 2018.
I no way do the opinions suggested below constitute investment advice, they are simply an opinion and you should invest with absolute caution. If you seek advice you should discuss this with a financial adviser.
What are the best cryptocurrencies to invest in?
Here’s our selection for what we think are the best cryptocurrencies to invest in this year. Great potential gains and safe long term investments.
Litecoin is largely debated as Bitcoin’s closest competitor in terms of peer-to-peer transaction based cryptocurrencies. Litecoin is very similar in terms of how it is used within the crypto industry. However, Litecoin is both faster and cheaper than Bitcoin. Litecoin transactions are confirmed faster given that the block time is a quarter that of Bitcoin’s at just 2.5 minutes. Litecoin also has a lot of developments in progress which are focusing on making the cryptocurrency more widely accepted, easier to purchase and more commonly used.
Another big factor for Litecoin is the low maximum number off coins that can be produced, this is generally a good indicator of potential value as at indicates scarcity… Litecoin has a maximum of 84,000,000 coins which can be produced.
Finally Charlie seems to have a large and loyal following on Twitter. He has also predicted “the flappening” which can be tracked here
NEO saw a dramatic rise in 2017, especially after rebranding from Antshares, however, they didn’t to stop there. Often dubbed the Chinese Ethereum, NEO continuously draws comparisons with Ethereum. It is now worth noting that tokens have begun being issued on the NEO blockchain and known as NEP5 tokens. This is a huge step as all other Ethereum competitors are some way behind in this development so far. The NEP5 tokens have gained a lot of media coverage as well as they have had a particular focus on Anti Money Laundering (AML) procedures and strict Know Your Customer (KYC) guidelines. This shows a greater attitude towards regulation which was one of the major concerns for ICO projects in previous years.
Another decisive factor for NEO being regarded as one of our top cryptocurrencies is that they have an absolute maximum supply of 100 million NEO tokens which can be distributed. 50million of which were initially sold and the other 50million were locked away for a year, to be sold at a later date. Ethereum has a very similar total supply and has reached far higher prices, although we do understand that Ethereum has been around far longer and has a greater reputation.
NEO does also allow users to stake their NEO and can earn GAS in return, GAS can also be traded which not only acts as incentive for users to hold onto their NEO but also increases the scarcity of the NEO tokens. An argument which cannot be made for Ethereum at this point in time.
They’re building a smart economy together with the many NEP5 token projects in the form of ICO’s. NEO ICO’s are some of the best performing to date and arguably some of the best projects in the space. Switcheo and NEX for example are an example of recent ICO’s to fund decentralized exchanges, the next level of cryptocurrency exchange. Find more exciting upcoming NEP5 projects to look out for.
These definetly make NEO one of the best cryptocurrencies to invest in for long term success!
#3 Binance Coin
Binance is becoming one of the most popular cryptocurrency exchanges, topping the trading volume for a number of different cryptocurrencies on a daily basis now. Why do we think it could be one of the best cryptocurrency to invest in? And this has been practically overnight. Binance was launched in 2017 and the ability to provide a secure, fast cryptocurrency trading platform, coupled with the ease of use across the entire site has seen it become one of the most popular cryptocurrency trading platforms in the world.
The graph below shows just how far ahead Binance is in terms of Google trends in comparison to a number of its’ competitors.
One of the exciting things about Binance is that they have their own cryptocurrency, this is definitely the riskier of our 3 top cryptocurrencies but one we feel warrants its place. Binance Coin has a number of features, The first is the fact that users receive reduced fees when trading using Binance Coin (BNB), Binance coin users are also incentive to hold their BNB as Binance announced at there end of February that the top 500,000 users in terms of their total Binance holdings, would receive a free airdrop. This may be a sign that Binance could plan to offer this incentive a regular feature going forward, although it remains to be seen just yet.
Finally Binance announced in their whitepaper that they have a re-purchasing plan in order to reduce the total supply of BNB which will in turn increase the overall scarcity of BNB tokens. This is known as a Binance Coin Burn.
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
To find out how to make a Binance account click here
This concludes our summary of the best cryptocurrencies to invest in. Remember to do your own research and in no way does this constitute investment advice. We have based our research largely on total supply, reputation and overall potential throughout 2018. We hope you enjoyed this article about featuring our 3 best cryptocurrencies to invest in, let us know your thoughts in the comments.