To say that the cryptocurrency market broke records in the year 2017 is a big understatement. The total market cap for all cryptocurrencies grew by over 3,500%— a 35X ROI, and if the signs are anything to go by, 2018 will be even better. If you missed out on the profits last year, make sure you don’t repeat the mistake.
Compiled below is a list of some of the cryptocurrencies that hold the most promise for the year 2018:
1. Ripple (XRP)
Ripple is a blockchain-based payment solution and debt settlement network. It facilitates secure transactions between global users quickly and at low costs. Unlike most other cryptocurrency platforms, however, Ripple has significant regulatory oversight, allows transactions in fiat currency, and has a centralised system.
In line with its general acceptance in the banking scene and by the general public, Ripple had a great 2017 and its market cap and token price (over 29,000% gains) skyrocketed. In December 2017, it became the second biggest cryptocurrency by market cap, overtaking Ethereum. Ripple is expected to grow even bigger in 2018 and more users are expected to adopt their services. When this happens, there is no limit to what this crypto can accomplish.
2. Cardano (ADA)
Even the most optimistic analysts will struggle to believe how quickly Cardano is growing. It is practically unheard of to see a company (crypto-based or not) rise to the top 5 biggest (market capitalization) in a sector within 3 months of its release, yet that is what Cardano did between October 2017 and December 2017.
Cardano allows the development of decentralised apps (DApps) and smart contracts on its platform, in a manner similar to Ethereum’s. Cardano, however, boasts of a faster, cheaper, more secure, and more efficient platform than Ethereum.
The platform’s computation layer is expected to be released in 2018. If the token is performing so well in the market with just the settlement layer active, then an even bigger growth could be in the works in 2018.
3. Verge (XVG)
When Bitcoin launched, it had lots of advantages, but the 2 biggest were: anonymity and speedy transactions. As time went, however, it became obvious that transactions on the network were not anonymous as first advertised. After all, the transactions are encrypted and recorded on Bitcoin’s blockchain, which is a public ledger; they may be encrypted, but the records are available somewhere. Furthermore, settlement time on the Bitcoin network has gone from seconds to minutes, taking away another major advantage of the crypto.
Verge promises completely anonymous transactions at record settlement times, and taking advantage of the flaws in the Bitcoin network, Verge was able to grow its token by a whopping 861,000% in 2017—what this means is: if you invested $120 in XVG at the beginning of the year 2017, you would be a millionaire at the end of the year. Gains of this magnitude makes this crypto a must-have for 2018.
4. NEO (NEO)
NEO is the first decentralized and open-source cryptocurrency to be launched in China, and considering how strict the Chinese government is towards digital currencies, this is no easy feat. The platform aims to help build a smart global economy while also facilitating the development of DApps and smart contracts.
At the beginning of 2017, 1 NEO was worth $0.145; at the end of the same year, one NEO token was worth ~$74. With more functionality to be launched in 2018, the only direction for NEO is up.
5. Request Network (REQ)
Request Network is a decentralized Ethereum-based network that allows users all over the world request for payment, and get paid on the platform. One of the major strengths of the platform is its flexibility, and it has functionality that enables it to work with future systems and Internet-of-Things (IoT) devices. Its uses cases also include invoicing, online payments, and tools that aid budget transparency.
Request Network’s token, REQ, grew by ~1000% in the last 3 months of 2017, and this uptrend is expected to continue (and be exceeded) in 2018.
6. IOTA (MIOTA)
The Internet of Things (IoT) market segment is growing bigger and bigger, and its acclaimed “Backbone”, IOTA, is growing alongside it. IOTA is a Tangle-based platform built to oversee the exchange of payment and information between devices on the IoT network, and it is the first cryptocurrency platform built off the blockchain. It is also the first with zero-cost transactions, offline transactions, and infinite scalability.
IOTA’s token, MIOTA, was released in June 2017, and as at December 2017, it had grown by over 500%. By being a pivotal part of an IoT industry that is well on its way to becoming a trillion-dollar industry, IOTA’s growth in 2018 will be undoubtedly massive.
7. RailBlocks (XRB)
RailBlocks is a cryptocurrency platform that has its token mined by letting users solve captcha codes. As a result, RailBlocks doesn’t expend energy on mining, and transactions on the platform are settled almost instantaneously. Furthermore, transactions are fee-less, and the network is highly scalable.
RailBlocks’ token, XRB, was one of the biggest gainers in the cryptocurrency market in 2017; Between March 2017 and December 2017, it grew by over 185,000%. If XRB’s 2018 growth is just a fraction of its exploits in 2017, investors are in for a good year indeed.
8. Ark (ARK)
There are hundreds of blockchain-based technologies in the world right now, and Ark plans to connect all of them (or as many of them as possible) in a linked ecosystem. This will make Ark a network with endless use cases and infinite possibilities. On the network, developers will be able to combine the best parts of the Bitcoin network with the best parts of Ethereum and the best parts of IOTA, building a system with almost no flaws.
The value of ARK grew by over 21,000% between March and December 2017, and it ended the year with a market cap in excess of $688 million. 2018 could see this revolutionary network reach even higher heights.
9. TRON (TRX)
TRON is a network that aims to oversee payment, storage, and development for entertainment platforms all over the world. Using TRON, someone in Russia can buy access to a live entertainment show happening in Malaysia without going through the tedious channels in place. Traditionally, the Russian would need a Malaysian bank account, but TRON removes all that red tape. In addition to this, TRON also offers gambling solutions.
Between September 2017 and December 2017, TRX grew from 0.002$/TRX to 0.044$/TRX, a growth of over 2,000%. The fact that it is still so affordable is a great advantage, and it means that there is still room for significant growth. Expect great things from this cryptocurrency in 2018.
10. Waves (WAVES)
Waves is a blockchain-based platform where users can develop their own cryptocurrency tokens. While some other crypto platforms allow the development of tokens using smart contracts, Waves doesn’t require smart contracts; the functionality has already been built into the platform’s software and wallet. On Waves, you can create, send, and exchange cryptocurrency tokens you created.
The token, WAVES, saw huge gains in 2017—it grew by over 5,000; in 2018, even more growth is on the horizon.
Whether or not these cryptos will replicate their 2017 gains is unknown, but if they eventually do, you cannot afford to miss out on them. Err on the side of caution and invest wisely, do some personal research before investing, and have a great year ahead.
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Disclaimer: The information contained herein is not intended to be a source of advice and the information and/or documents contained in this website do not constitute investment advice.