Five Cryptocurrencies to witness te 2018 – Good Audience
With Bitcoin soaring and setting several fresh all-time high records te , the cryptocurrency market has gained a lotsbestemming of attention te the media and común public. According to CNBC the largest US bitcoin exchange (Coinbase) added 100,000 fresh customers after CBOE Futures Exchange launched trading of bitcoin futures.
This exposure to the militar public caused a massive increase ter rente of Bitcoin and cryptocurrency space. If you are one of the billions of people on social media, chances are you spotted a postbode about bitcoin from one of your friends or colleagues.
Thanks to Bitcoin, the other two cryptocurrencies available on Coinbase, Ethereum and Litecoin eyed massive gains spil well. According to coinmarketcap.com, the overall universal market capitalization for cryptocurrencies went from $170 billion ter September to $690 billion te mid-December . This massive increase is a combination of institutional money and genérico public money coming into the market. One of the major sectors of the común public investors comes from the tech savvy Millennials. According to one article, one te three Millennials will own cryptocurrencies by the end of .
One of the major reasons why Bitcoin, Litecoin and Ethereum witnessed major increases ter value, is due the fact that they are lightly available to trade with fiat money te major exchanges around the world. For example, te Coinbase, you can lightly verbinding your handelsbank account or credit card to the webpagina and purchase one of the three coins with the shove of a button. For someone who is fresh to this field, which most people are at this point, is a major ease of use. However, if you want to buy one of the other cryptocurrencies you would need to very first buy Bitcoin, Ethereum, or Litecoin, transfer to one of the other exchanges (Poloniex, Bittrex, Binance, and etc) and then purchase the cryptocurrency you are interested ter.
Spil people get more familiarized with how cryptocurrencies work, they will surely want to participate te other promising projects that are ter their early stages or have had major developments te the past few months.
I have noticed that most people who eyed major gains ter their cryptocurrency investments, want to apply those gains to other projects. Others who are fully fresh to this space, but want to participate with a puny amount of money, are looking for something a loterijlot cheaper than the current price of Bitcoin, Ethereum or Litecoin. This is one of the fattest reasons why I believe will be a big year for other cryptocurrencies. Bitcoin being almost $20,000 a coin, makes it very hard for someone to purchase even one. People who are fresh to cryptocurrencies will look for promising projects that they can participate ter without shelling out $20,000.
Institutions and hedge funds have also gotten involved ter other cryptocurrencies with promising projects ter the blockchain space. They see spil a big year for enlargening their investments into projects that are unique, have good development teams, and good community support, among other major factors. Spil more regulations come ter, institutional money and investments will increase dramatically.
That being said, the cryptocurrency market ter militar proceeds to be volatile and risky. This is where a lotsbestemming of research vereiste be done before participating te any of thesis projects.
I am sure Bitcoin, Ethereum, and Litecoin will proceed to do well but according to my research there are several fine cryptocurrencies that are very undervalued and should have even greater success ter . The key to researching fresh projects with potential is looking into several factors, including, but not limited to, strong management and development team, sultry community of developers and volgers, community involvement, partnerships, market cap and number of coins available, realistic goals and roadmap, and zindelijk use of blockchain technology. Based on my research, I have ranked the top five below. I will not go into too much detail for each one because I do not want this article to be too long but just a quick introduction of each one. Hopefully you will do your own detailed research.
- NEO (neo.org) — The reason why I ranked this wise contract toneel spil the number one cryptocurrency for is because of several reasons including, upcoming NEO based ICOs, strong management team, an amazing universal open community of developers (City of Zion), strategic partnerships with other companies, digital identity, and wise economy. NEO’s functionality is similar to Ethereum but is enormously undervalued ter my opinion. NEO also supports many popular development languages such spil Java, .Televisiekanaal, Python and others.
- OmiseGO (omisego.network) — This is one of the most promising projects ter the entire crypto space. Omise is an already existing company ter Asia with a strong team and advisors that include the founder Ethereum, Vitalik Buterin. They have several strong partnerships with major companies te Asia. Their promise is to unbank the banked.
- Golem (golem.network) — If the development team succeed ter releasing a functional product spil they have promised, Golem will truly be one of the best use cases for the blockchain technology. Golem is attempting to create the very first decentralized universal super laptop. Their mission is to use all the unused computing power around the world (including private devices) to increase rendering efficiency that requires massive computing power to function (such spil animation movies).
- Civic (civic.com) — With the major credit bureaumeubel hacks this year, Civic is attempting to solve the identity security punt. They also have a functioning product (Civic App) that lets your identity be lightly verified on the blockchain with a QR code. With a plain scan of a QR code, civil is removing the agony of user sign-ups/sign-ins. They already have several major partnerships that include wikiHow.com and many others.
Spil the rente grows ter the cryptocurrency field and more everyday people get involved, it is evident that this youthfull market will face some trials and tribulations. At the end of the day it is everyone’s individual responsibility to do their due diligence and perform extensive research before participating te any of thesis projects.
No one can see the future but I personally believe that te the upcoming years, the blockchain technology will have a gigantic influence on several industries. Every time a fresh disruptive technology like blockchain comes te and attempts to switch the way wij do things, it faces many difficulties. Twenty years ago, if somebody told you, “you can use a puny individual device to connect to anyone te the world, take pictures, use live movie, pay for groceries,” you would have laughed and told them they were crazy. Wij are facing the same kleuter of disrupting ideas when wij talk about blockchain and cryptocurrencies. Therefore, surely there will be a lotsbestemming of naysayers ter the beginning. But hopefully blockchain will be a part of our daily lives ter the future. I personally hope thesis companies succeed and switch the way wij do things te my lifetime.
Disclaimer: Statements on this article represent author’s individual views and shall not be taken spil investment advice. The information on this article is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell assets, cryptocurrencies, or securities.