Hello, Folks! Today I’m going to tell you about the best cryptocurrency to invest in 2018. I have top picks for 2018 whichever cryptocurrencies stay believe have the greatest potential in terms of growth and profits for many of us to invest in. This is based on what I’ve been observing in 2017 and I feel like these coins have up to 10X potential in 2018. So, let’s take a look-
The very first one should be no surprise, it’s Bitcoin. Now, before you feel like or you’re thinking this is an easy answer then read it out-
Bitcoin, of course, you guys know is the first and most well-known cryptocurrency today. That has not changed and in terms of adoption it’s growing as Bitcoin is getting into mainstream media more and more because the price increase, more and more people want to learn about it, hear about it, and know about it, how to get involved with and buy it because of that Bitcoin is only go up and up in 2018. I know you guys thinking this time in January – February 2018 is a very hard time for Bitcoin and all cryptocurrencies but I’m 100% sure it will definitely increase after February 2018.
So, then what’s added to that is Bitcoin futures and ETF’s as you probably know Bitcoin future is a big deal although in an indirect way everything settled and everything traded in future in cash. It’s based on bitcoins price so now you got very big or old institutional investors that are too afraid to touch Bitcoin. Now, they’re looking at it in terms of okay maybe I can trade Bitcoin futures instead and if they’re thinking about Bitcoin now, everyone else is gonna follow. So, Bitcoin future is definitely a big deal, it adds more attention to Bitcoin which is a good thing and then right afterwards ETFs which are exchange-traded funds, they’re gonna come right behind it and those will have a direct correlation with Bitcoin because the companies that are set to follow them do need to have Bitcoin on hand.
I don’t want ETFs open then you do have people that can invest directly in these funds and have a direct correlation to Bitcoin and the supply of Bitcoin. As we know, Bitcoin is scarce there’s a limited amount, it’s the biggest reason why Bitcoin is going up because unlike anything else out there in terms of Dollars or Gold or Oil or even Cattle for example. There’s a limited supply but there’s not a finite supply. You can always find more Gold, Silver, Pearl or Dollars so you could always raise more cattle but Bitcoin is finite after 21 million that’s it you can’t generate or mine anymore because of that as the price is going up more and more people are just going hold it. They’re not going to use it as a currency and that’s fine. That’s why Bitcoin, in my opinion, is still the true wealth builder if you want to change your life and you want to accumulate as much Bitcoin as possible within the next 3-5 years, I really believe that.
Now, the other Cryptocurrencies I will be talking about and just general trading in Cryptocurrencies they can make a lot of money. But in my opinion, the point of trading cryptocurrencies are to make money and use that money to accumulate more Bitcoin because I feel like Bitcoin being a store value will have the most growth in 3-5 years compared to any other cryptocurrencies. So, Bitcoin because of that this is a finite number, it’s a very small 21 million just it’s a store about as a value store and it’s a first and most well-known and the largest cryptocurrency out their Bitcoins growth is not going stop in 2018. Bitcoins growth is going stay steady because of the new influx of money from institutional investors and overall interest from the general consumer base.
The second pick might be a surprise to you guys it’s gonna be a Litecoin. Litecoin, mostly you guys know this second well-known cryptocurrency today because it is the second cryptocurrency that came out largest adoption right behind Bitcoin. I’m a big fan of coins that have adoption because there’s a lot of new cryptocurrencies that are coming out with a lot of promise and a good team but there’s no product, no adoption. Litecoin does Charlie Lee who is the mentor of Litecoin, he actually came out and committed and spent a lot of more time in marketing and business relationships on the behalf of Litecoin. Litecoin is not to be ignored some of the other things that you might not know, Litecoin implemented Segway and lightning network and anything that has Lightning network implemented can do atomic swaps.
So, Bitcoin once they get their lightning network fully implemented, Litecoin and Bitcoin could definitely do atomic swaps. What does that mean? It means decentralized exchanges will now be able to trade between them, you can also trade between other people it opens up possibilities and there’s a ton of other coins that is set to go live on Lightning which you could also do atomic swaps with. So, with all that said Litecoin has broken previous selling, it’s heading much higher and I saw a 3 to 5 times growth potential with Litecoin. That means right now Litecoin is around $154, I could see it hit a $1000 and I could see a hit $1500 before the end of 2018 so don’t ignore Litecoin.
My next pick is ARDOR, Ardor was created by the NXT team it’s built upon the NXT platform but of course, improved include Child chains now which is a big deal. Child chains, Sidechains, Off chains primarily move all their transaction of the Blockchain. For example, how Ethereum has a scaling issue these generation 3 platforms which Ardor is first that’s coming out the market. These Child, Sidechains, Off chains will help with transactions and help the Blockchain scale tremendously to handle the future. So, Ardor is coming out first it’s backed by a team that knows what they’re doing.
They conducted ICO for the main Child Chain called Ignis earlier this year, it was very successful, they raised 15 million dollars and they’re dropping a whole bunch of more coins to people who are holding NXT. That’s kind of the reason why NXT has jumped up so much under the year because the snapshot happening December 28th and once it happens every next token that you own, you will get half Ignis token and Ignis is a big Child chain that’s being attached to Ardor. Ignis has to do with a lot of the features that Ardor talks about in terms of handling transactions and Ignis is a big part of that and it’s a big part of Ardor.
Again, I’m a big fan of platforms that have a large adoption rate and it’s coming to market and Ardor is coming to market and I anticipate one state hit in February. I feel Ardor has huge potential I’ve watched them since they were around 25 cents, and they jumped to the 50 cents, I’m also going to say that Ardor has a 10x potential in my opinion.
Let’s take a look at the Next coin, a lot of people jumped on IOTA bandwidth recently but there’s good reason for and I will say, I’m one of them because IOTA has been hovering around 4 years and not many people know it but what really kicked off the interest in IOTA is because of Ethereum scaling issues and because IOTA is big partnership with Samsung and Microsoft.
So, let me talk about the Ethereum scaling issues and IOTA’s Tangle. Ethereum because it’s a generation 2 platform coined, it can’t handle that many transactions it can handle about 15 transactions per second, so they’re desperately trying to scale that up. Ethereum team is looking at On Chain solutions and Off Chain, solutions would be rated network which is kind of the equivalent of Lightening Network for Ethereum and ERC 20 base tokens. Now, with that said Etereum team still needs time to develop and to test and get everything working so and it didn’t help that this very popular viral app called Cryptokitties have now revealed that Ethereum does have a scaling issue because Ethereum had some issue before with couple ICOs before but other than that we never really heard any other issues about scaling issue until now.
They’ve brought up a lot of attention for IOTA and the IOTA doesn’t use blockchain it uses something called a Tangle which basically they take, they’re forming a lot of I guess, how you would call transaction channels between each person so unlike a blockchain where you need nodes or miners to verify to either do Proof Of Work or Proof Of Stake or Master Nodes to handle things, IOTA doesn’t need any of that. IOTA actually make it Proof Of Work being your verify other transaction so every transaction that you make as a Proof Of Work, you have to verify two other transactions. It’s kind of interesting, it requires basically actually I should say, the more people that go on IOTAs network, the more transactions and the faster it becomes.
It’s very interesting with all their Blockchains, there’s a problem with scaling even with Side Chains and these Generation 3 Platforms, there’s kind of limit, there’s an upper limit in terms of how much it could handle with IOTA because of the way structure with the Tangle, there is no limit. If you have millions of people get IOTA to make transactions, it actually gets better it’s the only network of all Cryptocurrency that actually gets better with more transactions and users compared to any other blockchain out there in the Cryptocurrency world. It’s awesome and because of the Tangle and how the Proof Of Work is verifying other transactions, there’s no transaction fee it’s the only blockchain out there that has zero fees. So, you can send someone 1 cent, you could send someone 0.1 cents and there are no fees involved so that makes it awesome.
So, IOTA, to sum up, has no scaling issues, no transaction fees and then I mentioned this data marketplace that this big partnership they formed the Samsung & Microsoft and few others and it’s gonna be a data marketplace. Again, IOTA is one of those coins I feel has 10X growth potential so don’t ignore IOTA.
RAIDEN NETWORK: –
Next is, RAIDEN NETWORK. The reason why Ethereum is not on here is, that is Ethereum is hovering around 50-60 Million market cap. I do see it go up but I don’t see it going up as high as these other coins I’ve mentioned and I do think that there are held back a little bit older because of the scaling issues, they definitely need to solve it, Raiden Network is gonna solve that.
The Raiden Network is already here it actually just opened up its network in November 2017 and it’s being tested by a dozen other ERC-20 based Token companies because they want to get in on Raiden Network. Raiden Network is the Lightning Network for Ethereum I’ve mentioned that. What does that bring? It opens up payment channels so it offers low transaction fees and you can actually send micropayments. It offers very lightning fast transactions and it’s compatible with all ERC-20 Tokens so that means the 1000 Plus coins that are based on Ethereum can all jump on to Raiden Network. Raiden Network has huge potential and not to mention Ethereum if they want to solve their scaling issues quick, the company need to rely on Raiden Network. Raiden Network has been pumped a little bit, it’s going on up and down. Again, it also has a 10X growth potential.
POWER LEDGER: –
So, next one is Power Ledger and I’m a big fan of this cryptocurrency because they’re part of smart and involved in smart & clean energy, they’re disrupting the energy market and they have a working product unlike a lot of these cryptocurrencies that don’t even have working products and they have established presence in Australia. They have a contract to build out a smart grid with solar energy and they’re also working into the company so that users can buy energy up front using the Power Ledger and then they can also either hold it to use that energy or even sell it to neighbours at a profit.
I see Power Ledger is hovering around 67 cents and I see them having a huge potential in 2018 as well, we hear more news about them in terms of where they’re doing and what they’re doing, I really think that they’re gonna explode as well 10X potential on Power Ledger.
POTCOIN / HEMPCOIN / DOPECOIN (Extras): –
There are last three coins in here because Potcoin, Hempcoin and Dopecoin they all kind of relate to Marijuana Industry which is going explode in 2018. Let me talk about Canada, Canada is gonna be one of the largest countries in the world to actually legalize Marijuana they’re getting there hasn’t happened yet but anticipated to happen sometime this year in 2018 around in Summer. And once that happens there’s a ton of decent dispensaries that are waiting to be opened and it’s gonna be a huge market because they’re so close to the United States. The Potcoin already formed a relationship with Medical Marijuana and you asked the same thing, we have already had states that legalized Recreational Marijuana and those states are blooming because of how much tax dollars are getting so all these other states are paying attention in California.
California is gonna be anticipated to be the largest economy in the world just go be selling Marijuana soon that’s opening up in February 2018. So, you can’t discredit that and 6 other states are considering legalized recreational Marijuana too. The Economy of the United States is the biggest in the world and when you have these States like California with 6 other states in Colorado and all some of the States that are coming board, it’s gonna be a huge market and right now there’s a big banking and money problem with a Marijuana Industry at least in the United States because federally is still illegal that means no credit card transactions could be done, no banks can be used to store money everything is done in cash and that’s where cryptocurrencies come in, it’s perfectly suited to handle this market for now.
So, Potcoin, Hempcoin and Dopecoin they all have their uniqueness, they all concentrate on a little bit different things but overall I think it’ll play a huge part in terms of forming partnerships within Canada and also help the farmers, producers, dispensatory, the retailers and everyone. It’s gonna be a perfect system and currency for them to use because of that I see them all having 10-100x growth potential because they’re all very small. The market cap and all Potcoin, Hempcoin, Dopecoin are extremely small and they get adopted I could see them explode.