Best Cryptocurrency to Invest in 2018
Keen investors are constantly searching for the next big project to sink valuable capital into in hopes of turning significant profit. Setting their sights on crypto…There were many cryptocurrencies that out performed a number of high value stocks back in 2017, but now that the hype has simmered down post market correction and new money is forecasted to enter the space at the yearly lows.
However, many newcomers to the space have a difficult time finding the next profitable cryptocurrency to invest in 2018. It can be overwhelmingly confusing when you first begin looking for new cryptocurrency investment considering that the market is flush with a myriad of different concepts. This article highlights a number of potentially profitable cryptocurrencies that should be able to assist you with your next investment decision!
Let’s first take a look at the state of the current market — The entire cryptocurrency market hit an all time high in January 2018 with a staggering market capitalization of $835 billion dollars.
While that amount may be different today, the concept of cryptocurrency has boldly and firmly planted itself in today’s society and is much more commonplace than ever. Ease of access and usage is at an all time high, which means adoption is much easier than ever.
What are the best cryptocurrencies to invest in 2018?
There is no shortage of options available for investment in 2018, especially in the crypto space. While many of the leading cryptocurrencies follow similar fluctuations, there are unique concepts out there who are showing great signs of growth.
A little diversity in investing is never a bad idea, and keeping an eye on some main coins as well as some lesser known reputable ones allow for better growth over time.
BTC — Bitcoin is the original cryptocurrency and everyone should be holding some at this price range. In a few years we could see another bull run once the market and technology has matured more. We don’t see much more downside and this range presents an opportunity for investors to get in at a safe level.
DSC — Dreamscape Capital Token is a cryptocurrency Hedge fund which focuses on 3 investment strategies to mitigate risk and is one of the few profitable funds to last the entire year in the long bear market we’ve seen in the digital asset sector.
ETH — Ethereum is still a viable contender in the digital asset space, their more advanced blockchain which allows a number of developers all over the world to create their own cryptocurrencies. While improvements are continually being made to the Ethereum platform this cryptocurrency still holds the 2nd spot for most popular cryptocurrency in the world.
HAV — Havencoin is a decentralized payment network created to facilitate everyday use of cryptocurrency for regular transactions. Their dual-token platform is an incredibly interesting concept as transaction fees not only dictate the value of the coin, but are also distributed to existing token holders.
WAX — Worldwide Asset eXchange is targeting the absolutely massive global gaming community by creating a marketplace for the creation, purchasing, selling, and trading of virtual items. As we see the marketplace for in-game/in-app purchases grow, WAX may be a viable contender for investment.
RVN — Ravencoin is yet another asset transfer peer-to-peer network which is built on a fork of the bitcoin blockchain. This experimental currency could be a fun addition to any portfolio. Sometimes it’s the strange coins that seem to do well when others aren’t.
The crypto space is still alive and kicking, and although things aren’t what they used to be it’s an absolute certainty that projects will continue to emerge and progress as time goes on. Be sure to do your due diligence, understand what your buying and always take profit along the way!
