Nov 14, 2018 at 22:05
Nov 14, 2018 at 22:05 UTC
If our list on the top cryptocurrencies to invest in, in 2018 was not enough to feed your altcoin frenzy, we have come back with a list specifically dedicated to altcoins. Altcoins have been growing popular lately with a very large number number of them thronging the crypto market. As temperatures dip and the year inches to a close, we give you a list of the hottest altcoins to get your hands on before their prices soar even further.
What Are Altcoins?
Before we talk about our top favourites in the altcoin market, let’s get back to the basics first. What are altcoins? Altcoins are essentially cryptocurrencies that were developed as alternatives to Bitcoin. They are built along the basic principles of Bitcoin but seeks to improve a wide variety of areas. These cryptocurrencies, which were launched a while after Bitcoin inaugurated the crypto market, are aimed towards various goals. While Bitcoin Cash tries to enhance scalability, Bitcoin Gold aims to create a decentralized cryptocurrency. Many altcoins, like the two we just mentioned, are basically forks of Bitcoin, developed on its open source code. Which is a better alternative to money: Bitcoin or Altcoins? Well, Bitcoin continues to hold on to the throne but as we have discussed in our previous article, the tide may soon shift.
Altcoins: 2018 Investment Top Choices
Now that we have understood what altcoins are, let’s have a quick look at all the coins you should consider investing in this year.
This is a widely popular cryptocurrency choice as it is a faster, cheaper alternative to Bitcoin that processes transactions 4 times better than Bitcoin does. Its 84 million supply cap appeals to people’s automatic psychological affinity for rounded numbers and its increasing listings on top exchanges are adding the list of our reasons to invest in this coin.
Read: A Beginner’s Guide to Litecoin
Often dubbed the “Chinese Ethereum”, NEO is a great new entrant to the altcoin market. It facilitates the building of dApps and smart contracts. Its ability to process 10000 transactions each and every second and the more than 100% price jump it has seen between January’17 and January’18 definitely recommends this offering to prospective investors. Its ability for digital Identification and virtual asset creation only add to its charm.
Read: A Beginner’s Guide to NEO Coin
This cryptocurrency is powered by an incredible blockchain network that supports use cases involving dApps and smart contract. What is more, it attempts to bring down transaction fees to a bare minimum and tackles the long-time problem of scalability that continues to plague Bitcoin. With so many advantages and a lot of potential, its adoption is expected to rise, taking its price with it. Hence, it makes sense to make some space in your crypto portfolio for some EOS.
Read: A Beginner’s Guide to EOS Cryptocurrency
If you are an investor who values his or her privacy immensely, then DASH is definitely the altcoin to go for. With a unique two-tiered structure underlying it, DASH incorporates advantages such as low transaction fees, immense speed with a dedicated feature and great privacy and encryption. DASH’s growth last year has been tremendously impressive to say the least and it looks like a very promising altcoin to invest in this year.
Read: A Beginner’s Guide to DASH
Last, but not the least, we could hardly have left Ripple out of this list. An incredible payment protocol that seeks to go beyond the traditional role of cryptocurrencies, Ripple is an altcoin which puts a whole new spin to the idea of crypto coins. With several projects lined up for reaching out to unbanked communities and working with traditional financial institutions, Ripple is definitely a coin to watch it for, especially as XRP had almost managed to replace Ethereum as the second largest cryptocurrency of the market. An interesting project that you will be proud to have invested in, Ripple rounds off our list of best investable altcoins of the year.
Read: A Beginner’s Guide to Ripple