2017 was the year of bitcoin as it made thousands of people millionaires around the world. It was the most talked about item as per Google Trends.
While many are calling it a bubble about to burst and cautiously trading in it, others are smartly moving their investments from bitcoins to other potential cryptocurrencies that can grow better than bitcoins in 2018. Here are those cryptocurrencies to watch out that are looking more attractive than bitcoins.
To maximum extent, Ripple is killing Bitcoin's popularity because it is the most trending cryptocurrencies due to various development and the favorite of the investors due to its low price. Ripple is more than just a currency as it offers a platform to trade all other cryptocurrencies.
It is considered to be the best platform to exchange money for a nominal fee and hence, it is going to disruption foreign exchange services. The international banks are more interested in trying out Ripple blockchain technology.
Along with the name of Bitcoins, there are two other cryptocurrencies that are generally associated and one of them in Ethereum. It surged nearly 9000% last year and currently fourth in terms of market capitalization. It is the third cryptocurrency to join the elite $1000 club. It is currently the most profitable coins to mine.
3. Litecoin (LTC)
Unlike Bitcoin, the developer is an identifiable person and he is a former Google employee. Litecoin is the developing the platform so that everyone can mine and its popularity is going to the skyrocket and even taken over Bitcoin if the platform is ready. Furthermore, while bitcoins can be mined up to 21 million, Litecoin can be mined up to 84 million and hence, it has longer sustainability.
4. Monero (XMR)
It has the potential of growing exponentially as it is not possible to track the sender or receiver when a transaction takes place through Monero. That is why it has become a favorite among hackers who charge money in Monero.
The hacking and ransomware activities will only increase due to its presence which will skyrocket Monero. It is also useful for corporates to move money without letting the competitors know about it.
5. Bitcoin Cash(BCH)
Within a few months of its launch, BCH is considered to be the best alternative to Bitcoins. The reason is that it is a part of Bitcoin but it is more efficient as the transactions can be done quickly and the fee is lower than Bitcoin.
If you are looking for investing in penny cryptocurrencies, this is the one for you and it does not have any trading fee. The reason is that there is no miners and blocks and it uses your processing power to validate the transactions.
Therefore, all IOTA owners are IOTA miners. This is considered to be the best and most efficient future technology. An infinite scalability is possible and once it partners with Microsoft, you can see a huge value in it.
It has already broken into the top 10 cryptocurrencies in terms of market capitalization. It uses the first blockchain technology that is backed by scientifically as it is made by popular academics and engineers. 2018 is considered to be its breakout year as many are unaware of its potentials.
Tron breaks into top ten cryptocurrencies in terms of market capitalization because it is one of the penny currency that investors are liking a lot. It has open source protocol and it is made for the digital entertainment industry. It is developed by Justin Sun who is a protege of Jack Ma, the chairman of Alibaba group.
Investing and trading in cryptocurrencies involve huge risk and hence, proceed at your own risk. The article is for informative purpose only.