2018 will be a good year for cryptocurrencies because of the increasing popularity. Many people have invested in digital currencies without any hindrances. For instance, the adoption of bitcoins is fast spreading among finance enthusiasts across the world. Considering the gains that have been made over time, potential investors are faced with the challenge of choosing which cryptocurrency to invest in. The following are the top 5 cryptocurrencies worth buying in 2018 and beyond.
This is the most actively traded cryptocurrency at the moment. Some countries such as South Korea and Japan have legalized the use of bitcoins in making payments. Bitcoins were created by Nakamoto Satoshi in 2009. Bitcoins are decentralized as no single authority is tasked with regulating their use. Bitcoins are earned through a process called mining. The bitcoin network is free to join for anyone. It is a peer-to-peer system of making payments where a third party is not involved. This makes bitcoin transactions cheaper and faster. 1200 bitcoins are being mined every hour and it is estimated that the 21 million bitcoins will have been exhausted by the year 2140. Historical graphs show that bitcoins will continue rising in value within the foreseeable future. In fact, analysts say that by 2027 a single bitcoin will be worth more than $100,000. This means that this is just the right time to buy this currency.
Ethereum is also another cryptocurrency that is becoming popular by the day. It was founded in 2015 and since its inception, it has grown by more than 1,200%. It utilizes a technology that is more superior than any other blockchain technologies. Investing in ethereum is a wise decision because most Fortune 500 firms support it. Ethereum has more applications than any other digital currency and most financial institutions are integrating it into their systems. The future of ethereum is bright and investing in it has been likened to investing in gold. It has a huge potential of growing in the years to come.
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Charles Lee launched litecoins on the 13th of October 2011. This is among the most promising digital currencies of 2018. Litecoin is an open source and decentralized peer-to-peer digital currency just like bitcoin. Even though litecoins are like bitcoins in many ways, litecoins have a faster rate of block generation. This means that litecoin transactions are faster. With just the touch of a button, you can send or receive money. Litecoins have a trend that is similar to that of bitcoins. Despite being not close to bitcoins in value, litecoins are still considered as a potential investment. Litecoins utilize the “segregated witness’’ technology. This technology fixes problems that most digital currencies are yet to solve. This has helped to add more capacity to its network. As of December 2017, litecoins were the second most popularly accepted digital currency.
This is another real-time money transfer network system that is worth investing in in 2018. Ripple was launched in 2012 by the founders of OpenCoin Company. Unlike bitcoins, however, Ripple was created with the main purpose of working with banks to improve the way they send and receive money from other parts of the world. Ripple is pre-mined and decentralized. As of December 2017, Ripple was the fourth largest digital currency after Litecoins, Ethereum and Bitcoins. In the years to come, Ripple will grow big since major financial institutions such as Bank of Japan and Bank of America are in the process of implementing Ripple into their systems. For the long term investors, Ripple is the best choice for them.
Dash was originally called Darkcoin. It is closely based on bitcoin software. It was launched in 2014 and has a very high daily trading volume. This digital currency offers its users instant transactions. Since its operations are decentralized, Dash users enjoy anonymity as the transactions are untraceable. Whereas transactions with other currencies can take several minutes, Dash transactions are instant hence there are no transaction delays. That aside, Dash charges a very small fee per transactions hence its growing popularity. Since its launch in 2014, this digital currency has been able to sustain a positive and impressive growth. Considering its technical advantages, this cryptocurrency is worth investing in in 2018 and beyond.