My Top 5 Cryptocurrency Picks for 2018
2017 has been an amazing year for cryptocurrency and 2018 promises to be the year that everything changes.
Well 2018 is going to be the year that cryptocurrency goes mainstream. It’s the tipping point that we’ve all been waiting for. Take a look at the search graph over the last year for the terms Bitcoin and Cryptocurrency:
Bitcoin Search trend
Cryptocurrency search trend
What the above images show us that the terms Bitcoin and Cryptocurrency are being searched more and more by the general public.
I believe going into 2018 we’re going to see an even bigger upsurge in interest in cryptocurrencies and that’s where the shit hits the fan. You think the current market cap of all crypto’s at 568,000,000,000 is huge, wait until this time next year; we’re going to be well into over 1 Trillion dollars, probably nearing 2 Trillion dollars market cap for all Cryptocurrencies.
What does this mean?
It means that there is going to be major FOMO in crypto in 2018. As more and more people learn about it. What’s stopping a lot of people just now is they don’t really know how to get into it. Just now you have to buy from somewhere like Coinbase which charges a comparatively huge fee and prices are higher than on other exchanges.
However in 2018 this is going to change and Coinbase will be replaced with other means of buying cryptocurrencies; much easier ways, less complicated, less time consuming, less annoying, and much cheaper. I’ll mention one of these companies in my top 5 picks. Sufficed to say that buying cryptocurrency is going to be a hell of a lot easier in 2018, and when that happens, the crypto world is going to explode.
I’ve been investing in crypto seriously since June 2017, but actually bought my first 3 Bitcoins for $1200 in 2014, only to sell them later for $1800 (what a crazy move that was). Ever since then I have been passionate about crypto for a few reasons: Making money being the first, but the ethos behind it as well, the decentralisation of power when it comes to currency. We’ve been screwed for so long by the governments we got used to being sheep, now the tide is turning and crypto is a way to take back control.
Okay enough of that let’s get on with my top 5 picks for 2018
My Top 5 Cryptocurrency Picks for 2018
I want to say that I am choosing these coins with Bitcoin in mind. I choose coins that i think are going to outstrip the pace of Bitcoin’s growth, but will always want to convert to Bitcoin at some stage.
Remember Bitcoin is still king and only choose coins you think will outgrow Bitcoin e.g. if BTC price is $13,000 just now and you think Bitcoin is going to reach $50,000 that is a growth of 284%, so you want to choose coins you think will grow by more than 284% over the year and then convert them to BTC at a later stage.
In no particular order here’s my top 5 picks:
Current Price: $69.52
Current market Cap: $4,668,865,500
Coins in circulation: 65,000,000
NEO is going to totally explode in 2018:
The reason I think NEO is going to explode in 2018 is that it has a ton of stuff going on including, upcoming NEO based ICOs, strong management team, an amazing global open community of developers (City of Zion), strategic partnerships with other companies, digital identity, and smart economy. NEO’s functionality is similar to Ethereum but is extremely undervalued in my opinion. NEO also supports many popular development languages such as Java, .NET, Python and others.
Look at the low number of coins in circulation! I honestly can’t see why people don’t see the huge potential for NEO just now. They will by this time next year, but the price will have already increased by another 800%.
Price Prediction for end of 2018: $500
Current Price: $0.23
Current market Cap: $53,331,633
Coins in circulation: 216,883,420
I am honestly so excited by this coin and the team behind it. It’s been a bumpy road since it launched a hugely successful ICO back in August, but has since fallen out of favour, until recently.
The price went as low as $0.05 at one point and as high as $0.42 very recently and it seems to be getting the attention it deserves now.
Monetha is creating a universal decentralized trust and reputation solution working together with mobile payments processing on the Ethereum blockchain leveraging smart contract technology. In short, Monetha wants to be the decentralized version of Paypal and Trustpilot.
Monetha’s payment services are catered to e-commerce merchants. Compared to the traditional payment processing solutions like Paypal and Stripe, Monetha is significantly cheaper and faster.
With a market cap of only $53 Million Monetha has huge potential. I am going to be conservative with my price prediction here.
Price Prediction for end of 2018: $3.50
Current Price: $2.65
Current market Cap: $200,047,438
Coins in circulation: 75,401,962
This is another coin I am really excited about and can’t wait until they bring out their universal wallet in 2018.
Ethos is a platform designed to spread the use of cryptocurrencies to the masses. In short, it wants to create a people-powered new economy service that makes the cryptocurrency market accessible and trustworthy to the average user, accelerating adoption of blockchain technology and democratising ownership of both traditional and digital assets. Ethos was previously known as Bitquence and is now just a rebrand of the name.
Universal wallet — An intuitive, self-custodied universal wallet that allows you to safely store, manage, leverage and further monetize your crypto assets in one place while maintaining complete control of your private keys.
Secure key management — State of the art digital security and cold storage ensures that your assets are safe and under your control.
Liquidity network — Deposit, withdraw, send or exchange any of your assets instantly with maximum liquidity on the ETHOS Liquidity Network.
Mobile support — Manage and monitor your coins on the move. Mobile support is a priority for Ethos so that consumers can have access to their coins wherever they go. ETHOS will be free to send to any phone number, email or Ethos ID.
One-click diversification — Instantly diversify your holdings into several different currencies, diversifying risk and enabling customized exposure to the cryptocurrency market. Set the splits yourself or use pre-set baskets for idea generation.
Social trust ecosystem — Leverage the power of the crowd and invest smarter with rich community consensus features, ratings and reviews. Get rewarded for sharing valuable insights with others through Ethos Social. (Source: Boxmining Article)
The universal wallet alone is going to be a game changer in crypto which basically means you can store ALL you cryptos in one place without the need for multiple wallets and they are secure.
I believe this is the team to bring crypto to the masses and will do away with the need for using overpriced services like Coinbase or Bitstamp.
My price prediction again is conservative as we have to wait and see what happens when they release their universal wallet. If it is successful I would double my price prediction.
Price Prediction for end of 2018: $40
Current Price: $215
Current market Cap: $11,942,182,246
Coins in circulation: 54,552,433
You might think this is a rather safe one to hold, however I think it still has a lot of room to grow despite it’s price hike from $40 to over $300 earlier this year.
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. It features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, it is a proven medium of commerce complementary to Bitcoin.
As i said despite it’s huge rise in 2017 I think it has a long way to go yet and my price prediction for Litecoin is going to seem outlandish.
Price Prediction for end of 2018: $1,500
Current Price: $0.29
Current market Cap: $179,021,109
Coins in circulation: 617,314,171
Another coin I can’t wait to see develop even further in 2018, it’s going to be massive.
Quantstamp is a security verification protocol for smart contracts that improves the security of Ethereum. The advantages of the security protocol include automation, trust, governance, and ability to compute hard problems over a distributed network.
Currently, smart contract auditing cost starts from $5,000 and takes at least a week to complete. Quantstamp’s goal is to lower the cost to as low as $10 per audit, delivered within minutes after submitting the smart contract for audit.
The protocol consists of two parts:
- An automated and upgradeable software verification system that checks Solidity programs.
- An automated bounty payout system that rewards human participants for finding errors in smart contracts.
The Quantstamp team will be developing the following:
- Quantstamp validation node (a heavily modified Ethereum client).
- The security library, containing code that performs automated checks.
It doesn’t sound all that exciting does it, but believe me it’s going to big in 2018.
Price Prediction for end of 2018: $12
That is my predictions for the end of 2018.
I am honestly really excited for cryptos in 2018. I want to also say that Bitcoin should still be a large part of your portfolio, it all comes down to Bitcoin at the end of the day when transferring to fiat.
What are your thoughts on this article, let me know if you agree and waht coins you think have huge potential.