6 Top Cryptocurrencies for 2018
What will be the hottest cryptocurrencies in the new year?
Our picks rely on how well the digital currencies performed throughout the year and the future plans of the groups behind the projects. Below there is our list of the 6 top cryptocurrencies for 2018.
Bitcoin now is trading at $15,668.40, while its market capitalization stands at $262,125,469,241. In 2017, Bitcoin’s value has risen more than 1,000%. This successful year of the major crypto coin attracted many financial institutions, governmental organizations and big money investors worldwide.
It seems that the banking regulators and governments’ warning about not investing in Bitcoin aren’t enough to stop the uptrend of the coin.
The second biggest digital currency is Ethereum if we have a look at its market capitalization. At the moment is trading at $493.26 and its market cap accounts for $47,465,404,327.
It’s noteworthy that Ethereum has overcome Bitcoin in terms of transactions numbers. In addition, a few days earlier the co-founder of Ethereum announced some future plans for the cryptocurrency. It’s actually a promise for improvement of the coin in the following year.
Litecoin seems to be one of the best Bitcoin alternatives. It was initially created to fix some flaws in the original protocol of Bitcoin. Also, it’s one of the first altcoins created after Bitcoin. Currently, Litecoin is trading at $159.87, and its market cap is standing at $8,667,359,089.
The digital currency first appeared in 2011 and it has almost the same features as Bitcoin. Furthermore, the creator of Litecoin, Charlie Lee does an excellent job promoting the coin on social media.
Litecoin seems to be a high potential in the future, so it deserves a place on our list of 6 top cryptocurrencies for 2018
Technically, these two digital currencies are very different. We placed them together though because they focus on the solution of the same issue, the anonymous transactions.
Zcash currently trades at $345.5, while its market cap figure is $965,965,539.
The price of Monero stands at $273.09 and its total market cap at $4,219,092,535.
While Bitcoin’s protocol provides a certain degree of anonymity, it’s possible for everyone to see the way the money is moving around. This is the issue that Monero and Zcash are trying to solve.
However, many government officials are against the anonymous transactions, as they claim that this way many criminals can use anonymously this kind of features.
It’s possible though, for Zcash and Monero to provide criminal-free anonymous transactions in the upcoming year. This way these two coins earned their position on our list.
This digital currency is quite different as it isn’t based on the blockchain system. It uses a new concept called the ‘Tangle’. Each of IOTA’s transactions is confirmed only by two nodes.
The coin focuses on M2M (Machine-to-Machine) transactions, enabling M2M payments through serving the machine economy. Many industry influencers think IOTA is the cryptocurrency of the future and believe in its really high potential.
As of now, IOTA’s value stands at $4.86, with its market cap accounting for $13,505,626,464.
Also read: Bulgarian Banks Started A War Versus Bitcoin