Cryptocurrencies are part of advancing technology and are still at a beginning stage. So, they are probably going to remain very unstable compared to the other developed asset classes. Let’s see which are the top cryptocurrencies that are worth investing in 2018
Those who invested early in cryptocurrencies were generally innovation enthusiasts who saw a future in them. After the enormous returns of 2017, a large number of institutional traders want to join the market in 2018.
This is bringing a change in the manner in which cryptocurrencies perform. In the previous 90-days, the connection between the S&P 500 and cryptocurrency has risen strongly to 33%, which is above the past high record of 19%.
Here are the six top cryptocurrencies that are worth investing in 2018:
Market Cap: $ 8,526,734,536
Volume: $ 518,234,000
Circulating Supply: 55,196,008
Current Price: $154.48
This is a great cryptocurrency to invest in because of its value. Litecoin is close to the 20-day EMA, which has presented as strong opposition on past two occasions.
In case the bull flag breaks out of this level, they are probably going to face another round of trading at about $163.80 mark, which has double resistance, from the downtrend line and the flat line.
Litecoin has a bigger supply for meeting a greater demand. Litecoin has a block generation time of two and a half minutes as compared to Bitcoin which has 10 minutes. Additionally, it has low exchange fee which make it a great medium for small purchasing or selling.
Market Cap: $80,955,721,575
Circulating Supply: 97,586,630
Current Price: $ 829.58
Ethereum is a serious coin with large market caps of $85,153,054,617 and trading at $873.14. It is also considered as a long term investment.
Ethereum is not only a cryptocurrency; it is more than what you take it to be. With Ethereum you can design software, applications, set up a company or equally a start-up. Ethereum is anticipated to outshine bitcoin in the coming years; additionally it has already broken all records of bitcoin.
Market Cap: $39,631,412,831
Circulating Supply: 39,009,215,838
Current Price: $1.02
Ripple (XRP) is basically designed to connect banks, give payment, digital asset trading and corporate through Ripple Net to give one frictionless experience of sending money all over the world.
It gives you an option to access to the globe’s quickest and most scalable digital stock for payments. Additionally it is instant, on-demand settlement with low operational and liquidity fees.
Market Cap: $ 143,100,249,644
Circulating Supply: 16,862,025
Current Price: $8,486.54
From an investment point of view, Bitcoin gives an interesting alternative. It is a highly traded asset and has increased in value quite drastically for several years. Since it is not controlled by any government or financial institution, the transactions are carried out without any conversion rates or additional fees.
Bitcoin has grown in popularity which is reflected in its value. While its value changes so does the gold or any other exchangeable stock, Bitcoin seems to be strong enough to move on its momentum.
Market Cap: $ 3,641,502,211
Circulating Supply: 15,716,385
Current Price: $231.70
Monero is one of the fastest growing cryptocurrencies globally. It is very safe and has been able to keep up the confidentiality of its coins and the coin owners. It uses highly developed technological systems which make it difficult to trace any of its transactions.
Another motive why you should invest in it is because of its show in a fast growth rate. The number of individuals adopting its use has been increasing since its commencement. This is because it has exhibited a doubtless capacity to retain the financial information of the investors’ privacy. Individuals have different motives to disguise their financial information, and this has to be respected. Monero satisfies this need for them.
Market Cap: $9,412,304,417
Circulating Supply: 25,927,070,538
Current price: $0.363030
Cardano has increased its value exponentially in the last few weeks. But, it has exhibited some resistance to the current price; therefore this may be the best time to invest into it.
Keeping in mind all the factors and the fact that Cardano is not advertising their campaign so aggressively, its performance is amazing. Cardano have a clean timeline. For instance, it have multi-sig wallets and Quantum resistant signatures. It is also an open source, and if you have practical knowledge in technology, you can visit the GitHub and take a look at their code. Cardano will build a universal framework. They also keep updating their timeline with variations and are additionally transparent in what they are trying to achieve.
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