So Bitcoin crashed this week from an all-time high of $19000 to $7500 this month but there are many other alternatives apart from Bitcoin. Cryptocurrency is dominating the current world. It has changed the view of sending and receiving digital products over the internet. The cryptocurrency is possible because of blockchain technology. The blockchain technology is a global network which connects a lot of computers all over the world jointly manages the database which records and verifies the transactions of digital goods. The network is expanding day by day.
Till now, Bitcoin was the most fruitful crops of the blockchain technology. As you can see that the price of Bitcoin is very low these days but some industry experts predict that it would be $40,000 by end of the year 2018. Although, there are many other Altcoins which have the potential to grow much more than Bitcoin.
What is Altcoin?
There are more than 350 cryptocurrencies available in the current market. They are known as the alternative coin of bitcoin or “Altcoin”. So we can say that the altcoin is a digital coin which is based on blockchain technology rather than the bitcoin. The altcoins follow all the rules and regulation of the bitcoin. Litecoin, Ethereum, Steemit, etc. are some of the best altcoins currently.
There are new altcoins releasing every day. As bitcoin is an open source and free, many companies are developing altcoins because of it higher potentiality. Anyone can develop altcoins as it is a free and open source but every altcoin must have its own distributed ledger.
Where to buy altcoin?
Where to buy altcoin? Well, it is a supreme question in the mind of investors and cryptocurrency traders. There are a lot of places to buy and sell cryptocurrencies. But not all of the places are safe for investing. There are a lot of cryptocurrencies that exchange that has failed badly in recent years. It is important to a strong exchange for the safety of your coins.
There are a lot of crypto exchanges as we mentioned previously but not all of them will fulfill all your needs. The coinbase, bittrex, binance are some of the most popular cryptocurrency exchange of the current time. You can start buying the altcoins from there.
Here is a list of best Altcoins to invest in 2018
There is a lot of efficacious altcoins available in the current market. So, it is hard to rank up only 10 from there. However, we have ranked the below-listed altcoins because of their higher potentiality along with price, market share, and users. Keep reading this content to get a clear concept about the contents:
1. Steemit
Basically, Steemit is a blogging and also a social networking platform. It is based on the circle-chain database. It uses the blockchain technology and the steem blockchain produces steem dollars which are traded as tokens. A user earns them by writing in there blogs, also commenting and liking the topics. Steemit is a New York based private company with its headquarters situated in Virginia. Steemit was launched in March 2016. Currently, it is a big community of 500,000 peoples. If you are a newbie in the crypto field then investing in steemit will give you a great value for your money. The price of steemit has almost doubled in January 2018 and we think this is one of the best times to invest in it.
2. Tron
Tron is an online based digital entertainment cross-protocol. It is an open source platform and free to register. The coin of the Tron is known as TRX and it is one of the most growing currencies currently. Tron coin has the record of 150% growth within 24 hours which is almost unbelievable. Currently, the price of a Tron coin is 0.20 USD and it is estimated that the price will be multiplied within a few months. It has a market capitalization of 3.5 billion US Dollar currently. At the beginning of the January the price of Tron has increased up to 10%. So, investing in the Tron coin will not be a bad decision.
3. Ark
Ark is branded as the platform for customer adoption. The aim of Ark is to open an open source and decentralized network which make the transaction easier and faster. When most of the altcoins require a huge time for the transaction, the Ark coin requires only 8 seconds for every block transaction. The Ark coin is protected by the ArkSheild program. They also have an own card to allow the user to do the transaction over the card in malls and restaurants. A few months ago the price of the Ark was only $3 and it has risen to $9 some days ago. The Ark is one of the most perfect and stable altcoins to invest in 2018. The price of the Ark has doubled in the middle of the January 2018 and it will rise more in the upcoming months.
4. IOTA
IOTA coin is modeled based on the IoT (Internet of Technology). The IOTA use a public ledger known as Tangle which uses the addresses that change constantly at the time of performing a transaction. On the other hand, you will need to create a password (known as the seed) of 81 character to sign up for the IOTA wallet. So the IOTA is one of the most secure altcoins currently and it is very hard to track for the hacker. The IOTA has no mining system and there are no fees for the transaction. The price is also as high as $3 t0 $5. Considering this issue, you can go for the IOTA coin. The price of IOTA has decreased in the January 2018 but according to the price prediction the price will rise within the second week of the IOTA.
5. STRATIS
STRATIS is a free and open source blockchain platform for checking C# application on the .NET framework easily. STRATIS makes it easier to develop codes and test them. They provide a great service to implement blockchain technology with your codes. They use the modified code of the Bitcoin for giving better services. The price of STRATIS was too low and it has grown to $13 within a few months. If you are interested to invest on a medium priced coin then STRATIS will be a great choice. The price of STRATIS risen to an all-time high the middle of the January month and according to the price chart the STRATIS coin price will increase furter in the coming months.
6. Ethereum
After Bitcoin, the name comes automatically is Ethereum. It is also one of the top priced coins after Bitcoin. The price of Ethereum was only a few cents years ago. But now it is almost $900. Ethereum use their own Ethereum network to create token based on it. As a result, it becomes easier to create personal tokens without creating a whole blockchain. The Ethereum comes with a simple and easy technology which makes it perfect for the beginner cryptocurrency traders. Ethereum price was at all time high during the mid of January 2018 month. As of now, its bit low but it is expected that it will give highest ROI than any other coin this year.
7. Litecoin
Litecoin is one of the oldest altcoins after Bitcoin. It comes to service after the release of the Bitcoin. The Litecoin is a peer to peer decentralized cryptocurrency and it is as simple as the buying something in the café and paying the bills. It comes with a faster block transferring ability and you will not need to wait for the confirmation notification as like as Bitcoin. Currently, the price of the Litecoin is around $150 currently with a huge quantity of market capital. The Litecoin is one of the stable altcoins with the highest level of security. If you are in confusion about the security of other altcoins then you can go for the Litecoin. The Litecoin price has dropped 11.14% in the month of January but the price will start rising soon.
8. Cardano
Cardano comes to provide a competition to the Ethereum and it has almost all the improved and current features of the Ethereum. Moreover, the former CEO of EThereum is a co-founder of the Cardano. The main target of the Cardano is to make a credit card that will allow the user to load reserve and use it anywhere as like as your day to day debit cards. The price of the coin has risen from $0.02 to $0.40 within two months. Moreover, it also has a supply of 31 billion tokens. It uses the proof-to-stake system mining algorithm which proves the higher potentiality of the coin. The price of the Cardano has decreased in January and it will be rising in the middle of February 2018 according to the indsutry experts.
The next era will be the era of Bitcoin and altcoins. If you are planning to invest in Altcoins at this time, then they will give you a great result in future. Hopefully, you will be able to find the suitable altcoin from the above list.