The future of cryptocurrency is bright and cryptocurrencies are trending all over the world as the internet payments have been accepted by many companies. Cryptocurrency is trending payment and investment asset just like how people invest in mutual funds, real estate, market shares, silver, and gold nowadays. More investors are interested in investing their money on these cryptocurrencies, and the increased demand of cryptocurrency has increased its prices a lot.
It is important to note that it is not late to invest in cryptocurrency. However, the fact is that we can’t invest more in Bitcoin because its price has already touched the sky. That’s why we have to choose the cryptocurrency whose price is low and will increase in next couple of years.
There are more than 5000 cryptocurrencies in the world and it is really difficult to recognize the right cryptocurrency to invest. However, the future of cryptocurrency can be predicted by looking at their market cap and many others thing.
Investing in cryptocurrency can be fruitful if we select the right cryptocurrency to invest. That’s why we have to be careful while investing our money in cryptocurrency. We can earn a good amount of money by trading cryptocurrency. On the other hand, there will be huge chance of big loss if we are new.
What Is Cryptocurrency and Why Use Them?
Cryptocurrencies are a completely digital form of money designed specifically to take advantage of the architecture of the internet. They can be used in ways that ordinary currencies can’t. Cryptocurrencies don’t rely on a standard financial institution to guarantee and verify transactions. Instead, cryptocurrency transactions are checked, or “confirmed,” by the computers of the users on the currency’s network. The computers that verify the transactions usually receive a small amount of currency as a reward, and the process of receiving rewards in exchange for verifying transactions is called “mining”. Mining is the main way how a new currency is produced here, and it works differently for different currencies.
What to Look For Before Purchasing or Investing In Cryptocurrencies
Cryptocurrencies are traded in different ways and they use a number of different algorithms.
The main characteristics that you must consider before purchasing or investing in cryptocurrencies are: retailer acceptance, verification method, and market capitalization and daily trading volume.
- Retailer Acceptance – A cryptocurrency isn’t much of use if you can’t purchase anything with it, so before you invest in it, it’s very important to know who and where it was accepted. Some coins are simply built for other purposes and they aren’t designed to be exchanged for goods. Some of the popular cryptocurrencies are widely accepted just like Bitcoin, while some cryptocurrencies can only be exchanged for other cryptocurrencies.
- Verification Method – One of the main differences between cryptocurrencies is their verification method, and the oldest and most common method is called Proof of Work (POW). A computer has to spend time and energy solving a difficult math problem to gain the right to verify a transaction. But the problem with this method is that it needs a huge amount of energy to operate. On the other hand, Proof-of-Stake (POS) systems try to solve this issue by letting the users with the largest share of the currency verify the transactions. These systems claim faster transaction speeds and require less processing power to operate. However, concern over security means that few coins use an entirely proof-of-stake-based system.
- Market Capitalization and Daily Trading Volume – A cryptocurrency’s market capitalization is the total worth of all coins currently in circulation, and at the time of writing, the total cryptocurrency market capitalization is nearly $139 billion. High market capitalization can indicate a high value per coin. It is important to note that the daily trading volume of currencies is more important than market capitalization.
Top 13 Altcoins and Cryptocurrencies to Invest In 2017/2018
Here is a list of the Top 13 altcoins and cryptocurrencies in 2017/2018 according to market cap, future scope, demand, and value investment asset.
- Ethereum (https://www.ethereum.org/)
Ethereum is a true outlier and it is the only crypto-currency believed by experts to be able to overtake Bitcoin Market cap in the near future. Ethereum started in 2013 and had 40x growth rate over the last two years. The market cap of Ethereum is $30,993,709,186. You can buy one unit with a price of around $328.
Its platform allows creating a smart contract that runs on a decentralized network and runs exactly as programmed without any possibility of downtime, fraud, censorship or any third party interface. The team behind Ethereum is really exceptional. They are doing an amazing job to show the real potential of the Ethereum. Also, the degree of adoption of Ethereum is phenomenal at the moment. Many developers are working on apps that use the potential of smart contracts. If one cryptocurrency can make it big, it’s Ethereum. If already went over 1000% over the course of couple of months and it could go 1000% more over the next few months – that much potential this cryptocurrency has.
- Sia (http://sia.tech/)
Sia is a cryptocurrency set to dramatically change the way we look at enterprise cloud storage, and the technology is no doubt set to transform data storage in the future. It has its eyes set firmly on a market currently dominated by Google, Amazon, Microsoft, and Dropbox.
Traditional cloud storage services such as DropBox upload customer’s data to a central ecosystem. The data is controlled here and thus exposed to all sorts of shady shenanigans such as personal data misuse, accidental loss, and database breaches.
With Sia your uploaded files are encrypted, broken up into tiny pieces and then spread across multiple hosts. This means superior redundancy (multiple copies of your data are securely stored across multiple hosts) ensuring data loss and snooping is no longer a problem.
What makes Sia so great is that anyone can participate and get paid for leasing their spare storage space. This is something many of us have with the price of hard drives being so low. When a host and an uploader connect a contract is formed. This contract is called a ‘smart contract’. It allows the renter to receive payments in exchange for their storage space being used.
Given SiaCoin’s potential, we strongly believe it is seriously undervalued. In fact, there are hundreds of other coins out there without a fraction of the usefulness of Sia.
- Monero (https://getmonero.org/home)
Anonymous / private Bitcoin. Now, you may think, “What are you talking about? The BTC is anonymous already.” This is a very unfortunate albeit popular misconception. All BTC transactions can be seen by the public, and by giving out your wallet address to someone, the person is able to see all the payments you’ve sent and received. The black market (weapon manufacturers and drug dealers) created a solution for this. They basically created software that mixes your coins with other coins. Nevertheless, the software needs to be trusted and may not work correctly, which is pretty bad when your freedom depends on it. Monero has the mixing system built-in. This makes it perfect for any kind of black market. A popular darknet market adopted Monero, and this is how the currency got its first big growth boost.
Monero is an open-source, privacy-oriented cryptocurrency. The developers involved introduced this innovative cryptocurrency without setting aside any for themselves. The team has relied on donations and the broader community to further development. Monero was launched in April 2014 and has the market cap of Monero is $1,917,245,354 with a value of around $127.37 for a unit.
- Ardor (https://www.ardorplatform.org/)
Dubbed as NXT 2.0 – Ardor is a scalable blockchain platform that natively supports a wide range of features including voting, privacy based coin mixing, account management, blockchain storage, transaction aliasing, and built in marketplace creation. However, Ardor’s implementation of child chains is the stand out feature that makes this platform a truly innovative project.
The introduction of child chains opens up great levels of customisation. It also enables each child chain (which could be a group, institution, private/public organisation, company, etc.) to run its own self contained blockchain ecosystem whilst still benefitting from all the core features of Ardor itself. These features can also be turned on and off as per the requirements of that given project. This feature makes Ardor a very attractive platform for a wide range of use cases.
This flexibility will truly be a game changer in the crypto space because businesses looking at blockchain solutions will no longer have to choose a one-size-fits-all approach on a shared blockchain. Instead, they will be given creative freedom to build child chains that suit their very specific needs and security requirements.
The market cap of Ardor for today is $170,798,943.66, and it has a current circulating supply of 999 million coins. The project has the crypto community very excited. Ardor already has a healthy market, which is pegged to explode in Q3 2017 when the Ardor mainnet launches.
- Factom (https://www.factom.com/)
Factom is a blockchain-based system that runs on top of Bitcoin. Factom is optimized to store millions of realtime records with a single hash. Factom allows companies to create immutable database, and they store database in their own blockchain, create a hash of that data, and store it in the bitcoin blockchain.
Factom is useful for all kinds of business apps, and they have got a huge contract with more than 25 smart cities in China. They are also working with other countries to create immutable database, which will allow government to secure their data. Factom had initially raised 5.3 million dollars in its Series A funding, but the company is so appealing that private investors were compelled to increase their investment in Factom. Factom raised a total of 8 million dollars in April 2017 from various high-profile investors, including Tim Draper, Stewart Title, and Bill Gates.
The market cap of Factom is $148,390,549.64, and it is increasing. We are sure that it may grow up to 30$ or even more before 2018.
- Ripple (https://ripple.com/)
When managing transactions, most crypto technologies are based on decentralisation. However, Ripple has a more traditional approach and it takes the idea of banking and in particular SWIFT transactions and provides a much needed upgrade by utilising blockchain technology.
Currently, when sending cross border fiat transactions money goes through multiple intermediaries. This can take weeks to complete. The process is not only limited to those banks ‘in the loop’ but is also riskier because when unaffiliated banks are working with each other, they have to issue IOU’s, which means a sending bank has less security should a receiving bank suddenly collapse.
Ripple addresses all these shortcomings by providing cheaper, instant transactions. These transactions are initiated using a single currency, XRP. Ripple and XRP are two parts of the same project. However, given XRP’s integral role and future use cases as a currency used by the general public, the price of XRP has rocketed in the last few months reaching nearly $0.30 at the time of writing this article.
Ripple was introduced in 2012, and there are also over 100 banks worldwide that are currently working with the Ripple team and trailing the system, including CIBC, ATB Financial, UBS, Reisebank, Santander, UniCredit, BMO Financial Group, Shanghai Huarui Bank, Abu Dhabi Bank, Standard Chartered, etc.
Ripple has a market cap of $8,578,015,899, and you can purchase one unit with a price of about $0.223713. The technology will likely become the new defacto standard for financial institutions and banks wanting to transfer funds worldwide. In the future, it will become the currency of choice recommended by banking institutions and governments for general use. This makes Ripple well worth a sizable investment now.
- Counterparty (http://counterparty.io/)
Counterparty is an innovative platform for peer-to-peer markets and financial instruments. The platform is built on top of Bitcoin and provides open and secure financial tools and markets that do not require a trusted third party or middleman to use. Counterparty extends Bitcoin’s functionality by “writing in the margins” of regular Bitcoin transactions. It extends the functionality of the Bitcoin network in new and unprecedented ways and opens the door for innovation and advanced features not possible with ordinary Bitcoin software.
Counterparty aims to democratize and decentralize finance in the same way the Internet itself has done with creation and sharing of information, and with Counterparty, anyone with an Internet connection gains access to financial instruments that were previously cost prohibitive or not available at all.
The primary goal of Counterparty is to enable artists, developers, entrepreneurs and more to build a new, productive economy. Thanks to the amazing technology behind Counterparty, users will be able to do things that have never been done before. Counterparty wants to unlock the potential of “Crypto 2.0″ for thousands of people. These people will then create profitable businesses, as well use the technology to further the social good.
Counterparty already has a market cap of $29 million and it has a current circulating supply of 2.62 million coins. The platform holds assets of about $60 million.
- Stratis (https://stratisplatform.com/)
Stratis is not coin. It is an end-to-end blockchain development platform that allows for complete sidechains that are non-disruptive to the primary blockchain. Stratis was one of the biggest risers in April and May of this year, and it is currently sitting comfortably at 8th position on CoinMarketCap.
The project opens up a world of possibilities for developers, and is seen as a direct competitor to Ethereum. Ethereum allows for smart contracts. However, they all exist on the primary blockchain. Smart contracts on Stratis eliminate this risk and live on their own true sidechain.
Its language choice is what gives this project a clear advantage. It allows developers to code decentralized apps in an existing, widely adopted programming language, C#, which is a huge advantage because it allows any current C# developers to begin exploring the platform, its uses and blockchain power with a minimal learning curve. This will undoubtedly lead to faster adoption and growth. Also, the project has backing by Microsoft and a very active development team. All these features make Stratis a winning project to invest in.
Stratis also recently announced its “Breeze Wallet”. This is a specialist wallet that aims to increase the privacy of both Bitcoin and Stratis platform users. This Bitcoin wallet will have Tumblebit built in, which is an incredible deal and will raise awareness of Stratis tenfold. This will likely trigger a price hike.
Stratis has the market cap of $ 1 billion, and is still soaring high. The current price of each unit is $10.5.
- Siacoin (https://sia.tech/)
Siacoin is an open-source, blockchain-based, decentralized cloud storage platform. Siacoin unites together a large amount of unused storage space and couples it with a blockchain to make encrypted and decentralized cloud storage, so it eradicates the need of trusting centralized data centers. The long-term goal of Sia is to compete with cloud storage platforms like OneDrive, Google Drive, and Dropbox.
Siacoin is an inflationary currency, where supply will increase permanently. It uses a proof of work (PoW) scheme. Newly minted Siacoins are awarded exclusively to miners as an incentive to keep the network secure. The target block time is about 10 minutes. The genesis block reward was 300,000 Siacoin. The network is configured such that this reward decrements until the reward reaches its absolute minimum of 30,000 coins per block. Unlike many other coins or crypto projects, Siacoin didn’t start with an ICO or pre-mining, but Nebulous Inc. has raised $1.25M in total funding. Prominent investors include Fenbushi Capital, Raptor Group, Procyon Ventures. There are also angel investors like Xiaolai Li.
The supply mechanism of Sia is somewhat unique, because there will be an infinite number of Siacoins. Siacoin has a current market cap of $467,723,965 ($467 million) on a 24-hour volume of $56,041,400 with an available supply of 26,766,238,905 SC (26.7 billion). You can buy one unit with a price of about $0.017. The price of Siacoin has increased 50 % in August, so the future is looking bright for Sia.
- Golem (https://golem.network/)
Golem is built on top of the Ethereum blockchain. Golem is a project run by the group of Polish programmers. It is on track to becoming the world’s most powerful decentralised supercomputer. This supercomputer will process anything from scientific research in academia through to rendering the latest block buster movies, and once complete users will have supercomputer processing power at their fingertips.
However it does not stop there. Golem can also be used to process or mine any ‘big data’, for example identify trends in environmental changes, predict stock market movements, help assess and discover cures and better medical solutions, etc.
Its unlimited use cases is what makes the project exciting. Users earn GNT tokens by leasing unused processing power. These tokens can be re-used on the platform or traded on an exchange at the current market rate.
The technology is currently in its alpha stage. It can be downloaded and installed by anyone. Golem aims to eventually have Smartphones, huge data centres, laptops, and everything in between contributing to its ever growing cache of processing power, and with more and more processing power required everyday investing in Golem is a must for investor.
- Lisk (https://lisk.io/)
Lisk is a new altcoin, having launched on 24 May 2016. Lisk is a decentralized network with its own blockchain. It has been launched to enable developers to build a wide range of apps on the Lisk network by developing custom side chains. It has similarities to the Ethereum network, but the Lisk blockchain has not been built with the intention to create smart contracts. It has been built to develop different apps and functionalities using the Lisk App SDK framework. Furthermore, Lisk has entered into a partnership with Microsoft Azure. This means that developers worldwide can develop, test, and deploy Lisk blockchain applications using Microsoft’s Azure cloud computing platform and infrastructure.
The Lisk ecosystem looks great from the programmer/developer point of view. Research-wise, Lisk has a higher ‘knowledge’ entry barrier for non-coders, so a background in programming won’t hurt if you want to fully understand and appreciate how it works.
The market cap of Lisk is $689,714,943.17, and it has a current circulating supply of 113 million coins. Meanwhile, you can get one unit for $6.1085272615.
- 12. STEEM (https://steem.io/)
STEEM was launched on 24 March 2016 and it is an open-source, decentralised cryptocurrency created to reward posters on Steemit.com, the blockchain-based social media network. Steemit promises a fast-paced development, including a user-friendly graphical wallet client. Its chief technology officer is BitShares founder Daniel Larimer.
Steem has a built in inflation of 100% annualy and no coin limit. The platform itself (Steemit) has grown considerably since the Coin launched and currently has over 70,000 users. Steem is the fundamental unit of account on the Steem blockchain, and all other units (Steem power and Steem dollars) derive their value from the value of Steem. There is no need to hold on to Steem in its cryptocurrency form. Instead, it should be used either to purchase Steem dollars, Steem power or be converted to Bitcoins.
Steem power (or SP) is a token symbolizing how much power you have inside the Steemit platform, and when you have a lot of SP, your votes count more in the system. Steem dollars (or SMD) are the units used to reward users for posting and curating content, and each SMD represents the amount of Steem equivalent to 1 USD.
Steem price is $1.54803411. The market cap of Steem is $374,766,862.52, it has a current circulating supply of 242 million coins and a total volume exchanged of $8,537,564.8.
- Zcash (https://z.cash/)
Zcash is a crypto that aims to solve the same issues Monero does. Zcash leverages zero-knowledge proof constructions called zk-SNARKs. These constructions allow two users to exchange information without revealing their identities. The bitcoin blockchain contains records of the participants in a transaction, as well as the amount involved. On the other hand, Zcash’s blockchain shows only that a transaction took place, not who was involved or what the amount was.
Zcash was founded by Zooko Wilcox in October 2016, and it is the result of continuous efforts by developers to create cryptographic protocols that offer greater privacy.
It is important to note that the use of Zcash is not just for cybercriminals who engage in illegal transactions in the dark web. There are a number of legitimate reasons why a user would opt for anonymous cryptocurrencies such as Zcash, including a couple who are into eye-brow raising bedroom toys; an entity who would like legal services for a private matter like bankruptcy; a company who would like to protect its trade secrets or supply chain information from competitors; an individual with a chronic medical condition who would like to buy his pills online anonymously; etc. These are all examples of individuals seeking anonymity for privacy reasons.
The market cap of Zcash is $664,429,356.74, and it has a current circulating supply of 2.29 million coins. You can buy one unit with a price of about $289.5440000000.
The Investment Process
Buying the Bitcoin with real money on any exchange and then selling the BTC for any currency from the list is the simplest way of investing.
It is recommended not to keep any significant amount of assets on an exchange. After purchasing the currency of your choice, send it to a wallet without an internet connection, and remember to do some research and googling to ensure your storage is secure and solid.
Remember that the biggest points in an investment game are awarded for enduring discomfort, so prepare yourself to not short the investments with yet another market panic.
Also, beware of scam coins like Onecoin, Kashhcoin, etc, because they are here to loot people by showing lucrative returns.
I have written this article with a huge research. If you guys want to invest and get a huge profit in near future, then do it fast. Get started now if you don’t want to be left behind. You have to become stable to get success in crypto trading. That’s why you should invest now, wait and earn. Thank you for reading my article and I hope you all like my choices.