The Top CryptoCurrencies To Invest For 2018

Although we’ve seen some big drops in the cryptocurrency market(with total cap getting shorted by almost 200 billion over 24 hours period), mining is still very profitable and doing even better than when I started. Nicehash also came back, which I personally find as one of the best Christmas gifts.

But as I’m reading and watching more and more texts and videos on the cryptocurrency topics, it’s hard not to notice how fast the market is growing, and how many opportunities there are. It kind of reminds me of WordPress from 6-7 years ago, when I first discovered it. I would go to UpWork(called “oDesk” back then), and see ~100 new WordPress jobs coming out every hour. If you knew how to install a plugin, you could earn some bucks. And the more I was learning, the more I was making.

I’m feeling kind of the same with cryptos. Mining is going really good, I’ve made a decent profit which I will soon reinvest in additional GPU. I’ve started this blog, and made ~$200 from the Kryptex affiliate system(which I didn’t even recommend, since it didn’t work well for my equipment!).

Now, one thing that makes sense when market is growing exponentially is investing in it. If I invested in the every WordPress startup back when I discovered it, I would probably be rich by now. The analogy is not quite right, as WordPress was one direction in Web Development, but we can use Ethereum for a better comparison. If you invest in every company that was built on Ethereum, you will probably be rich in few years.

Investing always comes with a risk, and no one should ever put all of his money in a single asset. Plus, cryptocurrency markets are extremely volatile. Yet, they proved extremely profitable for so many people over the last several years. And I’m not talking about daily trading. While people are certainly making money with it, I’m not for it. Tried last year with FOREX, and it’s a pretty boring, starring at the screen type stuff.

So there comes the value investing. Over the past few weeks I’ve been totally immersed into all those live conferences, podcasts and tutorials on crypto trading and investing. And while listening to all those guys, from Warren Buffet to Chris Dunn, Tai Lopez, BTCKyle and all their guests, there’s one thing that gets repeated over and over and over again- invest in value!

And value investing is one thing that apparently works really good and is fairly easy to implement- don’t invest in anything you’re not well informed about, and passionate about. Take your time learning about company team, goals, current progress and future plans. Think outside the box and pick ones that really are going to make a difference. And then wait for them to strive, instead of sitting whole day at the screen, being afraid of losing your money. And of course, you can’t always win. But if you invest in projects that really matter, chances are that you will grow substantially.

As money from mining is going to bring the new equipment and slowly grow itself, I’ve decided to take my affiliate earnings and invest them in some of the projects I really like and foresee a bright future for them. Below are my top projects to invest in:

Bitcoin

The big father of all cryptocurrencies, created by the mysterious Satoshi Nakamoto(which could be anything from smart man to certain government agency). Once mined in seconds, it became a serious project eventually growing to current price of $13,610 per coin.

Pros: With this year growth of 13000%, it is certainly a coin to watch for in 2018. Just a few days ago Bitcoin value went to as much as $20,000! It is the first ever cryptocurrency, and most widely spread through the mainstream. Bitcoin is also implemented in most places, and we can use it to buy almost anything- from food, fiat money, cryptocurrencies, web services, even cars. And lets face it, there is a trend hard not to notice- when Bitcoin goes down, 95% of cryptocurrencies go down and vice versa. That’s why many people call it a digital gold or gold 2.0.

Cons: Right now, Bitcoin is fairly slow and transactions are fairly expensive. Besides that, it is operated by consensus, which proved insufficient when dealing with those issues. Also, it is very expensive, meaning you probably won’t earn much unless you invest much.

Ethereum

Second largest cap of all cryptocurrencies in a total of $71 billion, and a current price of $731 per ETH.

Pros: Technology for sure. It is based on Blockchain as Bitcoin, but it invented smart contracts- “applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference”. Since 2014, many companies recognized the potential and started investing in the project, many of them also building their businesses based on the Ethereum technology.

They have a strong team of developers, and one of the co-founders- Vitalik Buterin- was enlisted in Bloomberg’s list of top 50 most influential people.

Cons: With current price of $731 it might be “late” to invest if you have small capital. Still, it certainly is one of the best investments and should bring good gains in long term.

Ripple

Another very interesting projects, mostly focused on banks and their needs.

Pros: Built for large projects, mostly suiting banks and financial institutions, Ripple(XRP) is a well thought large scale project built to meet the needs of the biggest markets. It is extremely fast and functioning properly since it’s release in 2012. With it’s current price at ~$1 per XRP, Ripple is a good shot for investors with small capital. Unfortunately we missed the train from few days ago, where XRP increased around 500% in value in less than 24 hours.

Cons: With ~40 billions XRPs already in play and ~60 billions more to be released  gradually, it’s hard to expect great gains in short term. Jed McCaleb, co-founder of Ripple, don’t like where Ripple is heading, thus he moved to Stellar team, which is my next favorite cryptocurrency.

Stellar Lumens

An open, global financial network where all actors – be they people, payment networks, or banks – have equal access & economic participation.

Pros: With transactions averaging from 2-5 seconds and international payments for a fraction of a cent, Stellar Lumens seems to have a bright future. With people like Jed McCaleb(lead developer and co-founder, previously founded eDonkey, Mt. Gox and Ripple), Matt Mullenweg(founder of WordPress.com), Greg Stein(director at Apache), Patrick Collison(co-founder and CEO of Stripe) and many other great heads- I’m very excited about the opportunity to invest in Stellar. Especially at the current price which currently stands around $0.2.

Cons: Similar to Ripple, it does have a lot of coins(released ~17 billion and a total of ~100 billion), so growth will take some time.


Monero/ZCash

One thing I instantly loved about cryptocurrencies is their anonymity. Of course, I’ve fallen under the mainstream influence, and it took a while to learn that most of them are actually pseudo-anonymous, meaning you do have a random generated wallet which you don’t have to tie to your real name, but all transactions between wallets are fully transparent on the blockchain.

Pros: Luckily for us who love this idea of anonymity and for those who love black markets- Monero and ZCash are the two currencies fixing this problem. Monero came with a ring-signature feature, which utilize user keys in order to validate transactions(thus making them anonymous). ZCash on other hand uses “snarks” or zero-knowledge cryptography, which makes all transactions and their meta data encrypted! They both have grown greatly over the last two years- more than x100. They are being used for quite some time, and their anonymity functions does seem to function- which made them a preferred method on black markets.

Cons: The governments love their money and control. While there is an argument that Blockchain is transparent, there is no such argument for Monero and Zcash. It will be interesting to see how the governments will proceed and will they allow the anonymous currencies to grow substantially.

Cardano

Cardano(ADA) went onto the market on October 1 with a value of $0 and, 3 months later it is already worth $0.42 per coin. With current coins number placed as high as 31 billion, and a market cap of $11 billion, this cryptocurrency is certainly worth taking a look at!

Pros: It has it’s own Daedalus wallet. Right now it supports only ADA, but it will soon start supporting Bitcoin and Ethereum storing. The Cardano development is being conducted by the 3 amazing cryptocurrency companies- Cardano Foundation, Input | Output and EMURGO. When you take into account that Charles Hoskinson, a former CEO and co-founder of Ethereum is working for Input | Output, you start getting a better picture about the credibility of this project. They also have plans to implement staking concept in 2018. All in all, they did a whole lot during the last 3 months, and so did their price!

Cons: Same as with Ripple and Stellar Lumens, Cardano comes with a lot of coins, thus it’s growth will certainly take some time.

Verge

Verge uses multiple anonymity-centric networks such as Tor and I2P. The IP addresses of the users are obfuscated and the transactions are completely untraceable. It also comes with the “SPV” technology, which makes the lighting fast transactions possible- around 5 seconds. The Verge price per coin has grown significantly- right now it’s being traded for $0.2 and having a total market cap of almost $3 billion!

Pros: The development team doesn’t seem lazy at all- they already have as much as 12 desktop wallets for various platforms, 2 mobile wallets and 5 “other” wallets(like paper wallet, web wallet etc). Besides, it is a completely decentralized and open sourced cryptocurrency.

There is currently a supply of around 14 billion Verge coins, and with a maximum supply of ~16 billion coins, we should expect low inflation and price growth over time.

Cons: There’s not been much info on the the lead developer, and since the Verge recently got a lot of social media coverage it could be in a sort of a bubble.

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