The top 5 Cryptocurrencies picks that have potential to absolutely explode in 2018. We would look at Cryptocurrencies us an investment opportunity of our lifetime, where you can turn thousands of dollars into millions of dollars if you do it properly.
1. Ripple (XRP)
Ripple (XRP) is one of the fastest growing cryptocurrencies in the crypto land. It has already skyrocketed from just 0.05 cents back in January 2017 to over $1.25 in December 2017. The potential for Ripple’s crypto currency XRP is huge since many banks are currently testing it to transfer remittances instantly. Once big banks begin to use XRP in daily transactions, the currency is expected to surge to at least $10 in 2018.
2. OmiseGO (OMG)
OmiseGo has had staggering growth over the past six months. Back in July, the OmiseGo token was trading at 0.43 cents and is currently at $15.5. So, if you had invested just Rs. 100000 in Omise in July, that investment would have been worth Rs. 37,00,000 today.
3. Bitcoin (BTC)
Bitcoin still remains the most recognised cryptocurrency in the market. With a market cap of $270 billion, Bitcoin is worth more than many fortune 500 companies combined. The investors are bullish about Bitcoin because of its low circulation and wide adaptability. Some prominent investors have predicted the bitcoin to surge above $100,000 in 2018 and it’s not saying a lot as it recently touched $20,000 before settling around $16,000.
4. IOTA (MIOTA)
IOTA is one of the fastest growing cryptocurrencies. It’s focused on providing secure communications and payments between machines on the Internet of Things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA’s transactions are free regardless of the size of the transaction, confirmation times are fast.
5. Cardano (ADA)
Cardano is a brand new Blockchain 3.0 and it’s got multiple different layers to the Blockchain with the first provably secure proof of stake algorithm. It’s got an enormous team behind it of top engineers and academics. This coin hasn’t been around for too long, it had a silent launch and most of it got distributed among Japanese investors, it’s got a lot of engineers and money behind it.
DISCLAIMER: This is not financial advice. This is speculation based on my biased opinion and you should ALWAYS do your own research before any investment.