10 Best Cryptocurrencies to Invest in Before 2018 Ends
Cryptocurrency has sparked interest and controversy since the emergence of Bitcoin, the first and also the largest digital currency by market capitalization. 2017 saw digital currency investors generate profits that were previously unheard of in the financial sector, with several currencies generating profits of up to 8,000% in the mere span of months. The user base for these currencies, continues to grow, making it likely that the price peaks of 2017 may repeat themselves in the near future. This provides a window for investment that should be capitalized on.

Why Do People Invest in Cryptocurrency?

People are attracted to cryptocurrency investments because, over time, they have proven to provide much quicker and higher ROI compared to other traditional forms of investment like hedge funds. They have also attracted many first time investors since the realization of these potentially high-profit margins and have caught the attention of a much younger group of users.

The virtual currency markets are extremely volatile and lead to as much loss as profit.

As more assets enter the markets, it is important to know which ones are the best cryptocurrencies to invest in 2018.

Best Cryptocurrencies to Invest in

Cryptocurrency investment is not easy due to the amount of risk it presents. However, out of more than 1,000 cryptocurrencies, there is a handful that provides the best odds in terms of long-term safety, popularity, and profitability. They include:

1. Bitcoin (BTC)

Although the performance of Bitcoin in 2018 so far has been less than great, it has shown a progressive track record over the years since its creation. Apart from being the largest and most popular cryptocurrency, Bitcoin has become a fan favorite among important industry figures.

This is mostly because a lot of these figures held BTC before any other digital asset. It is also due to the fact that BTC remains the most stable virtual currency, so traders prefer to use it as a base currency for their operations. Several reputable exchanges were also created for the sole purpose of BTC exchange. Exchanges like Binance for example, do not accept fiat deposits so users deposit BTC.

One more thing that makes this currency appealing is its origin which has managed to remain shrouded in mystery for several years. Prior to the creation of bitcoin, cryptographers had been trying to create currencies that would fall beyond the control of a central authority (like a central bank), yet still, retain the core properties of money.

In 2008, an anonymous programmer bearing a pseudonym– Satoshi Nakamoto–  released a related paper in a cryptography mailing list. This paper described a new digital currency, built on blockchain technology, an immutable digital ledger. Although decentralized, it was designed to embody the qualities of traditional money while also providing decentralization, anonymity, transparency and the ability to store and transfer value. At press time, the price of Bitcoin is $6439.90.

Why Invest in Bitcoin?

There are several convincing reasons to invest in Bitcoin this year, including:

  • Prominent personalities within the crypto space have continuously made predictions all year round concerning a rise in the price of bitcoin. One example is Tom Lee who predicted that BTC will hit $25,000 in the near future. Most of these predictions are usually slated to manifest by the end of the year. While predictions do not always end up coming true, industry figures like Tom Lee are hardly ever wrong.
  • It is a safer bet than other digital assets, in terms of volatility and guaranteed ability to generate profit.
  • Bitcoin has the largest market capitalization in the cryptocurrency market, retaining its place as the dominant player, with 40% of the market share.
  • Transactions fees and time are lower due to the implementation of segregated witnesses reforms and the Bitcoin lightning network. This may also lead to an increase in adoption.

How to Buy and Store Bitcoin

Bitcoin can be acquired through the use of:

It can be stored in wallets like blockchain.info, Ledger and Greenaddress.undefined