Crypto Currency, Enterprise

The Top 10 Cryptocurrencies for 2018

For many people, 2017 will be considered the year that Cryptocurrencies entered the mainstream. No longer an obscure new technology…

For many people, 2017 will be considered the year that Cryptocurrencies entered the mainstream. No longer an obscure new technology used by a small number of enthusiastic followers, knowledge of their potential value is now widespread and many are looking for the Top 10 Cryptocurrencies for 2018.

Trading different Cryptocurrencies for investment purposes has become normal with many investors making large financial gains over the previous 12 months.

However, in recent weeks, there have been several events that have caused short-term volatility in the prices of various Cryptos. In some cases, the price falls have been dramatic.

Looking forward into 2018, what Cryptocurrencies are likely to weather this storm and come out on top at the end of the year?

 

The Strongest Contenders

 

1. Bitcoin (BTC)

This is the original cryptocurrency, emerging in 2008 after it was released by an anonymous programmer or group of individuals under the pseudonym of Satoshi Nakamoto.

Although it has increased in value throughout 2017, this is causing problems as the huge amount of people trading it has made its value incredibly volatile, meaning that it is increasingly difficult to use to buy things.

Its value, however, could still be driven higher in 2018.

There are a very small number of cryptos which you can buy directly with fiat currency on trading exchanges. On a Cryptocurrency trading platform, you usually have to buy an established crypto like Bitcoin with fiat currency and then trade that for the crypto you actually want to purchase.

The fact that Bitcoin is still peoples first choice in this regard means that it remains a very important Cryptocurrency in 2018.

 

2. Ethereum

This is often seen as the number two option in the Crypto community and is looked upon as Bitcoin’s main rival. However, it is very different to Bitcoin.

It is composed of two parts ‘Ethereum’ which is the underlying network and ‘Ether’ which are tokens sent on the network.

Again, whilst Ethereum is not in use widely by the general public, the fact that you usually have to buy an established crypto with fiat currency and then trade that for the crypto you actually want to purchase means that Ethereum, which is also used in this regard, is likely to continue to be popular in 2018.

 

3. Ripple (XRP)

This is a Crypto that experienced huge price rises in 2017. Despite appearing to be a competitor to the other major Cryptos, Ripple serves a different purpose and is, in fact, a centralised transaction network which can be used to transfer money just like a bank.

Money sent on the Ripple network is converted into the XRP token on one end and then back into the currency of choice at the other end.

Towards the end of 2018, several major companies began to announce trials of Ripple in its capacity as a payments mechanism. Should any of these trials prove successful in 2018, this could be the first Crypto to be used widely with obvious implications for demand for the XRP token.

However, it is not alone though in its design as a transaction network and has some competition in Stellar.

 

4. Stellar (XLM)

Launched in 2014 Stellar is different. Whereas most of the coins out there are just coins, Stellar is comprised of two things, the Stellar network, a network that can potentially be used to transfer everything from Dollars to Bitcoin and the other part, Stellar Lumen.

Stellar Lumen were coins created by the founders of Stellar. These tokens can also be sent on the Stellar network to pay for things potentially. But they have another use. There is a fee to send anything (Dollars, Bitcoin) on the Stellar payment network and this fee is paid in Stellar Lumen.

One Lumen is enough to make 100,000 payments though so a little goes an awful long way. When the time comes to sell Stellar it’s the Stellar Lumen tokens you will be selling.

After a slow start, there were several trials announced of Stellar in its capacity as a payments mechanism in late 2017 with the first Stellar ATM due to launch in Singapore shortly. Like Ripple, it faces into an exciting 2018.

 

5. Monero (XMR)

Monero is an open source Cryptocurrency that was created in 2014. It represents a revolution in Cryptocurrency technology.

It improves on existing Cryptocurrencies as it hides the identity of the sender, recipient and transaction amount using a sophisticated algorithm which has been extensively tested.

In the future, the value of Monero is potentially very strong. Its supply is about the same as Bitcoin yet the underlying technology potentially represents a major improvement on Bitcoin.

The technical structures used to preserve anonymity are stronger than Bitcoin and transaction speeds using the coin are at present much faster than Bitcoin.

 

The challengers

Whilst the 5 coins above remain likely to grab all the attention in 2018, the next 5 on our Top 10 Cryptocurrencies list are the ones which could generate some surprises.

 

6. Bitcoin Cash (BCH)

In August 2017 a disagreement between Bitcoin users over its increasing technical limitations led to what is known as a fork of the Bitcoin code. A group of Bitcoin enthusiasts ‘forked’ the token by switching to new software, hoping it could grow and scale in a way that Bitcoin could not.

The result of that fork was the birth of a whole new token, with a whole new circulation and a new public ledger sperate from the original Bitcoin ledger.

Since its inception, the coin has nearly always been in the top 10 Cryptocurrencies. It has yet to overtake Bitcoin but its founders surely hope that their technical efforts will bear fruit in 2018.

 

7. Cardano (ADA)

Yet another platform used to send and receive digital money, employing the use of its digital token ADA. It was created by Ethereum co-founder Charles Hopkinson in 2015 and is most popular in Japan.

Cardano is managed by an international group of scientists and academics specialising in blockchain technology. Again, should its unique technology result in more adoption it would become an important Crypto to watch in 2018.

 

8. NEO (NEO)

This is a relatively new Cryptocurrency. It enables the development of smart contracts and assets on the blockchain. Neo’s objective, while ultimately utilising many of the same technologies as Ethereum, is to be the platform for a new smart economy

NEO is compared to Ethereum because the two platforms share similar roles and goals, but the underlying technology is very different.

This coin is in its very early days but is supported by an excellent team and had an excellent 2017 with many investors encouraged by its potential based on the high profile of its founders.

 

9. Litecoin (LTC)

Litecoin is a peer-to-peer Cryptocurrency. Notable differences between Litecoin and say Bitcoin is Litecoin’s much faster transaction speeds and 84 million token limit in comparison to Bitcoins 16 million. However, it does have a more memory intensive mining process than Bitcoin.

Whilst it is likely to remain popular in 2018, it is facing into an increasingly competitive market. Its speed though means it will likely continue to remain relevant throughout the year.

 

10. EOS (EOS)

EOS is another blockchain platform aiming to overtake Ethereum as the go-to infrastructure for decentralised apps.

Revealed to the world at the Consensus 2017 event, it is very new and has some way to go to become established.

The platform was created to overtake Ethereum’s low number of transactions per second, which EOS’ founders believed was not high enough to support what would be needed in the future.

EOS can handle up to 50,000 transaction confirmations per second. This puts it ahead way of Ethereum in terms of speed.

One to watch and our final entry to our Top 10 Cryptocurrencies for 2018.

To check on all the current Cryptocurrency prices – CoinMarketCap

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

What’s next for SEI after reclaiming $0.30? Check forecast

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses. SEI rallies as BTC and others falter SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses. SEI rallies as BTC and others falter SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24 […]
The post What’s next for SEI after reclaiming $0.30…
Read More

Continue Reading
Crypto Currency

Bitcoin slides, Ether, XRP, Dogecoin move lower ahead of Fed Chair’s final Jackson Hole speech

Key Takeaways Bitcoin and altcoins fell in a broad crypto market decline ahead of the Fed Chair’s Jackson Hole speech. Market volatility increased as investors anticipated possible Fed rate changes and reacted to ongoing inflation concerns. Share this article Bitcoin slipped under $113,000 on Tuesday, triggering a market-wide downturn that sent Ethereum, XRP, and Solana

Key Takeaways

  • Bitcoin and altcoins fell in a broad crypto market decline ahead of the Fed Chair’s Jackson Hole speech.
  • Market volatility increased as investors anticipated possible Fed rate changes and reacted to ongoing inflation concerns.

Share this article

Bitcoin slipped under $113,000 on Tuesday, triggering a market-wide downturn that sent Ethereum, XRP, and Solana lower. The total crypto sector fell to $3.8 trillion, down 3.5% on the day.

The price of Bitcoin dropped nearly 3% in the last day to $112,696, marking a return to levels not seen since the beginning of the month, CoinGecko data shows.

Ether dropped more than 4% to $4,100 after flirting with record highs in the past few days. Losses are spread across major altcoins, with XRP down nearly 6%, Dogecoin and Chainlink off over 5%, and Sei and Cardano plunging 8%.

The pullback comes ahead of the Fed’s Jackson Hole symposium on Friday, where Chair Jerome Powell is scheduled to deliver his keynote address. Markets are bracing for whether he signals a September rate cut or doubles down on inflation concerns, especially after US inflation data offered mixed signals in July.

The headline CPI slowed to 2.7% but core inflation edged up to 3.1% and PPI climbed 3.3%. The combination of weakening job growth and persistent price pressures has raised stagflation fears, which could complicate the Fed’s decision-making.

“Higher‑than‑expected PPI numbers (producer prices jumped 0.9% month‑on‑month against a 0.2% forecast) have complicated the Fed’s policy framework, so the market will be looking for hints on the Fed’s thinking ahead of its September policy meeting,” said QCP Capital analysts in a statement. “Last year, Powell used Jackson Hole to telegraph an easing bias; this year, Trump’s tariffs and political pressure create a much more contentious backdrop.”

Traders are still pricing in a 25-basis-point cut at the September 17 FOMC meeting, though odds have eased following hotter-than-expected inflation readings.

Analysts predict Powell will be cautious during his final Jackson Hole speech. The Fed Chair may acknowledge that risks to employment and inflation are balancing, suggesting a cut could be appropriate if trends continue, but he is unlikely to commit to a specific policy action.

Since expectations for a September cut are already priced in, any hint that action might be delayed could feel like a tightening of policy for investors.

However, signals that quantitative tightening may end or that regulatory shifts are coming could boost liquidity and potentially reignite Bitcoin’s rally toward year-end, analysts suggest.

Elsewhere, US stocks also reflected uncertainty at Tuesday’s market close.

The S&P 500 fell nearly 0.6% and the Nasdaq Composite dropped around 1.5%, while the Dow Jones Industrial Average edged up.

Tech and chipmakers led losses, with Nvidia down 3.5%, AMD off 5.4%, and Broadcom lower by 3.6%. Palantir sank 9%, the worst S&P 500 performer, while Tesla, Meta, and Netflix also slipped.

Share this article

?xml>?xml>?xml>
Read More

Continue Reading
Crypto Currency

David Bailey’s Bitcoin treasury KindlyMD acquires $679 million in BTC

Key Takeaways KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings. The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset. Share this article KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate

Key Takeaways

  • KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings.
  • The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset.

Share this article

KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate around 5,744 Bitcoin.

With the latest acquisition, KindlyMD’s Bitcoin stash surpasses 5,764 units, equating to over $655 million at current prices of about $113,840. The company used PIPE proceeds for the purchase as part of its strategy to acquire one million Bitcoin under the Nakamoto Bitcoin Treasury.

Commenting on KindlyMD’s BTC purchase, the first since it completed its merger with Nakamoto Holdings, CEO Bailey reiterated that his team is doubling down on Bitcoin as a cornerstone asset for the future.

“Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future,” he added.

KindlyMD now ranks sixteenth among corporate Bitcoin holders, ahead of firms like Semler Scientific and GameStop.

Shares of the company (NAKA) fell 14% at Tuesday’s open as Bitcoin slipped from above $115,800 to $113,846 amid a market-wide pullback.

Share this article

?xml>?xml>?xml>
Read More

Continue Reading
Crypto Currency

Halving Tailwind or Liquidity Trap? Analysts Weigh In on Bitcoin’s Path Ahead

With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm…

With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm…
Read More

Continue Reading