Investing in the cryptocurrency is a promising and attractive business, and from the entire list, which includes hundreds of positions, businessmen choose the top 10 cryptocurrency. Leaders of the list are not without reason the most suitable candidates for investments: the interest in these coins is constantly growing, and along with it their rate is increasing as well. This article will analyze the most attractive cryptocurrencies and the promising investment areas for 2018.
What’s ahead? Authoritative opinion
It is interesting not only to monitor passively the cryptocurrencies movement on the digital Olympus but also to use this information for our own purposes. Which coins will remain on the list in the first positions, and which ones will pass into the category of secondary crypto-currencies? In this section of the article, the American expert John Young’s opinion will be presented. He is the author of numerous publications about the cryptocurrency, blockchain technology, and digital start-ups, and the founder Spreadstreet.io resource as well.
John Young reasonably believes that the rise in the cryptocurrencies cost to the cosmic figure of $ 600 billion is not only encouraging but also worrying. The investor should be prudent and cautious, and before entrusting his funds, to calculate each step. In the analytical work, the specialist used currency rate movements and build simulation scales which show those changes during a year. Based on these data, Young managed to predict the average cost of each coin. According to the results given by John Young, top 10 cryptocurrency will include:
- Bitcoin Cash
There is no reason to argue with Mr. Young, but other experts and analysts would add to this list Dogecoin (DOGE), IOTA and DASH. There is also a possibility of a breakthrough ahead of such coins as Voxel and Cypherium. The emergence of promising forks is not excluded. They could likely demonstrate themselves from the best side and attract investors. But with a high degree of probability BTC, LTC, ETH, Dash, Monero, Zcash and Ripple will remain among the champions.
Best ways of cryptocurrency investment
Choosing the right coin is only half the battle. It is also important to determine the direction of business to link this or that cryptocurrency with. The very fact of its existence allows you to carry out the following activities and generate income.
2017 will go down in the history of virtual money as a year of the peak interest in mining for all comers. Graphic chips and processors were swept away from the shelves of stores. If mining of bitcoin on an amateur farm last year turned out to be unprofitable, it is still actually to collect a rig for ETH mining from 4 video cards. Enthusiasm of most newcomers faded out quickly because you need not only pay for equipment, but also for electricity and find a special building or a room to settle all this electronics. Beginners note that payback the technique is obtained for a longer period than was expected a year ago. The number of participants is increasing; therefore, it is more difficult to obtain top-level cryptocurrency with mining.
A good profit from mining is obtained by owners of large farms that organized their business before it went mainstream and the bitcoin rate jumped to the skies. However, this does not mean that this type of activity will be discarded in 2018. Among its advantages independence from the cryptocurrency rate, the possibility of mining different types of coins on the same equipment remain. At least the farm can be sold at any time.
Trading is a good direction for investments. You can start selling from scratch. This line of business is directly related to the money that allows you to buy and re-sell the currency at a better price in exchange service, peer-to-peer platforms, and exchanges. Traders are constantly dealing with third parties, so you need to safely hide your finances in the best wallets and avoid storing a large number of coins online ones because they are considered the most vulnerable. You should also mind the legacy in your country. Aren’t exchanges prohibited? In this case, you will have problems with using these recourses. Nevertheless P2P platforms are available for everybody because they don’t have centralized serves and work on the nodes.
ICO projects are the most attractive offer from all investment options. Its main idea is investing in completely new projects, and even top 10 cryptocurrency don’t matter much here. An absolutely new cryptocurrency by the ICO promoters’ intention is to be created. Of course it is a future-direction project. Real profit will not be received immediately as in mining and trading.
If you are a newcomer in the crypto-currencies world you should gain the expert level. For this purpose study all the nuances – the blockchain technology, the introduction of new tokens, etc. or at least have an experienced adviser on these issues in touch. Another important aspect is the ICO project founders’ reputation, which you plan to entrust your funds.