The best cryptocurrencies to buy and invest in 2018
Even if you have never tried to learn about cryptocurrencies, you have probably heard about bitcoin. While Bitcoin is the largest and most valuable cryptocurrency in the world, not included in our list, since Bitcoin has become too expensive to obtain substantial benefits without having to take too much risk.
Then Bitcoin Ethereum is the most popular and established cryptocurrency in the world. Some people now prefer Ethereum over Bitcoin, since the technology behind their cryptocurrency is more advanced with too many applications.
It is a blockchain platform that can execute smart contracts. What it means is that basically any contract that we use today to form mutual agreements, such as investments, debts and contracts, can be structured using Ethereum technology.
The blockchain platform of Ethereum allows us to avoid all intermediaries, since the entire contract can be encoded on the platform.
While Bitcoin is just a cryptocurrency, Ethereum is a platform that has commercial applications. The cryptocurrency of Ethereum, which is called ether, is only a part of it.
That's why Ethereum is becoming popular, since not only is it a way to send money, but it is a platform that has a serious commercial application.
Ripple - 2nd largest cryptocurrency in the world
Just a few days ago, Ripple surpassed Ethereum to become the second largest cryptocurrency in the world by market capitalization. At the time of writing this article, the cryptocurrency is trading at a healthy $ 3.06 with a total market capitalization of more than 118 billion dollars. In fact, the cryptocurrency has been so popular that it has skyrocketed 37.900% in a span of 12 months from $ 0.0065 / coin in January to $ 2.47 / tab at the end of 2017. Unlike Bitcoin, which was born with the aim of creating a decentralized economy, without banks or regulatory agencies, Ripple wants to work with them. The underlying technology of Ripple's blockchain will allow banks to make international transfers quickly at a fraction of the cost. Note: Watch the following video to understand what the company is trying to do
Stellar - 2nd blockchain platform
Stellar is another blockchain platform that wants to facilitate international payments to people and companies by collaborating with banks.
While its underlying core technology may be different from Ripple, its application and premise are the same. The Ripple increase has also helped Stellar grow exponentially in recent months, making it one of the largest cryptocurrencies in the world.
Currently, a lumen is quoted at $ 0.75, making it one of the cheapest cryptocurrencies to invest.IOTA - futuristic cryptocurrency
IOTA is a cryptocurrency that is truly futuristic in its approach. It's one of the coolest concepts I've heard in a long time and that has helped the currency grow more than 1000% in recent months.
It is a blockchain platform focused on the future of IoT (Internet of Things) devices, hence the name IOTA. According to its website, what differentiates IOTA from other cryptocurrencies is its underlying blockchain technology, which the company calls Tangle.
IOTA allows a scalable payment system without restrictions, which can transfer funds without charges. This means that companies and individuals will be able to perform micro and nano transactions, since there are no costs involved.
The company believes that the world is moving towards a completely autonomous and connected future where machines will talk to each other. IOTA will help these smart machines to exchange resources such as electricity and WiFi for money, which will be transferred using their Tangle technology.
As mentioned above, its value increased more than 1000% in recent months. IOTA now has a total market capitalization of more than 12 billion dollars and was quoted at $ 4.33 at the time of writing this articleLitecoin - best alternative for Bitcoin
Litecoin was created by a Google engineer, Charles Lee, in 2011 as a better alternative for Bitcoin. While Bitcoin is good for point-to-point payment service, the resources needed to mine Bitcoin are too expensive and the currency also has a slower transfer rate compared to other new cryptocurrencies. Charles Lee founded Litecoin to solve these problems that consumers and miners face with Bitcoin. Unlike cryptocurrencies like Ethereum and Stellar, which aim to provide a platform for commercial application, Litecoin follows the Bitcoin principle and wants to create a decentralized economy in which consumers and money are not regulated by any bank or regulatory body. central. Litecoin has certainly seen a lot of enthusiasm on the part of people, since the currency has experienced growth of over 1000% in the past year. It is a solid investment for someone looking to invest in Bitcoin but can not afford to do it. Currently, Litecoin is quoted at $ 299.95 with a total market capitalization of more than 16 billion dollars.Neo - blockchain Chinese open source
Neo is a Chinese blockchain-based company that aims to use blockchain technology and digital identity to digitize assets, automate the management of digital assets through intelligent contracts and perform an "intelligent economy" with a distributed network. Neo was founded in 2014 and is an open source project hosted on Github. Neo's goal is to digitize physical assets using a decentralized, reliable, traceable and highly transparent blockchain infrastructure. Physical assets can be exchanged digitally without the need for intermediary agencies. All digital assets are attached to the owner's digital identity that is created using a set of digital identity standards compatible with X.509. All this means that Neo wants to facilitate the exchange of physical assets while reducing costs and providing a more secure and reliable platform. Neo has grown a lot since its inception and is currently trading at $ 106.42. It is one of the fastest growing cryptocurrencies in the world with a total market capitalization of more than 6 billion US dollars. The best part of Neo is that it has not seen much volatility in its value which makes it one of the safest bets for cryptocurrency investors in 2018.
Check your numbers bro. I wish LTC was still almost $300. Ha!
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