What’s The Best Cryptocurrency To Invest In 2018?

Are you looking for the best cryptocurrency to invest in 2018?

The cryptocurrency market this year has been a little crazy, to say the least.

And after years of trading stocks, I’ve never seen anything like it.

So whilst Bitcoin is finally hitting the mainstream, alternative cryptocurrencies (also named ‘altcoins’) are just getting started.

This guide will run through my top 10 best cryptocurrencies to invest in 2018.

Contents


Top 10 Best Cryptocurrencies To Invest In 2018.

Wondering what’s the next big altcoin of 2018?

Feel like you’ve missed the boat with Bitcoin?

Don’t worry – this is far from over.

Think about it:

Cryptocurrency is still just getting started. We’re barely scratching the surface.

Most investors are still intimidated by cryptocurrency.

So in reality, altcoins haven't even hit the mainstream yet.

It’s like watching the birth of the internet or mobile phones – there’s just so many investment opportunities.

And that’s why I’ve written this guide on the best cryptocurrency to invest in 2018.

Let's get into it.


1. Litecoin (LTC)

litecoin logo

1.1. What Is Litecoin?

With nearly 3,000% gains in 2017, Litecoin had one hell of a year.

Since launching in 2011, Litecoin is one of the world’s most traded cryptocurrencies.

And compared to Bitcoin, it offers much faster transaction times.

It also has lower transaction fees – so it costs less to process payments.

When you scale up the fees across thousands of transactions, you can see how useful Litecoin could become.


1.2. Price History

litecoin price history

1.3. Facts About Litecoin

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    LTC's coin wallet supports almost every Operating System including Mac, Linux and Windows
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    Litecoin was founded in 2011 by Charlie Lee, a former employee of Google. Since then, he's actually sold all his holdings of Litecoin to avoid conflicting investment interests
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    Litecoin's coin symbol is LTC - but they can also be found under XLT
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    They're available to trade on most major cryptocurrency exchanges including GDAX, Binance and Coinbase
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    Compared to Bitcoin's 21 million coins, Litecoin has 84 million tokens in circulation
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    The average block time of Litecoin is around 2 minutes 30 seconds - that's faster than most coins on the market
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    It can process transactions up to 4X faster than Bitcoin - so it's much more scalable for handling mass amounts of transactions

1.4. Why Is Litecoin A Top 10 Cryptocurrency?

Compared to Bitcoin, not a lot of people have heard of Litecoin, unless they’re already familiar with cryptocurrencies.

However, Litecoin is catching up quickly.

It's faster, cheaper and more efficient compared to BTC.

Plus Litecoin also has the scarcity factor.

You see, cryptocurrency prices are all about supply and demand.

And with a limited number of coins available, the more people buy it, the higher the price inflates (in theory).


1.5. Is Litecoin The Best Cryptocurrency To Invest In 2018?

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    Fast. ​Litecoin’s technology is quicker for payments than Bitcoin, making it more scalable and practical for businesses and customers.
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    Experience.  LTC has been around since 2011 and stood the test of time so far – which is relatively long for a cryptocurrency.
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    Secure. Litecoin’s encryption technology is safe and secure – creating more confidence for buyers.
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    Mainstream Adoption. Coinbase sells Litecoin. That's a huge selling point because it’s so easy and accessible to buy compared to other alt coins.

1.6. Why Shouldn't You Invest In Litecoin In 2018?

  • One of their biggest projects for 2018, LitePay, was actually abandoned due to technical problems
  • Litecoin doesn't have much of a brand outside the cryptocurrency world. It's not as well known as it's competitor Bitcoin
  • Litecoin's owner actually sold all of his LTC tokens a day before the market crashed. That's a little suspicious
  • After their LitePay project failed, Litecoin are under pressure to deliver more upgrades to their technology

2. IOTA (IOTA)

iota logo

2.1. What Is IOTA?

IOTA is another highly anticipated cryptocurrency.

But it's main USP is their tangle technology.

This is unique because most cryptocurrencies operate via the blockchain.

Tangle could allow more scalability and security.

tangle scalability

Plus news is spreading of IOTA partnering with some of the world’s biggest technology firms.

This includes rumours of partnerships with Microsoft, Volkswagen and Fujitsu.

Subsequently, it's become one of the best cryptocurrencies to invest in 2018.

Targeting IoT

So as you might've guessed from the name, IOTA is targeting the IoT (Internet of Things) market. 

These are basically everyday commodoties that connect to the internet.

As you can imagine, that covers millions of devices including mobile phones, cars and traffic lights.

why iota is targeting the iot market

These IoT devices are processing thousands of micro transactions every day.

So with it's scalability features, enhanced security and zero fee transactions, IOTA plans to become the token that's exchanged via these micro transactions.

The Internet Of Things (IoT) industry is only going to expand - which means more growth potential for IOTA.


2.2. Price History


2.3. Facts About IOTA

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    IOTA doesn't operate via the blockchain. Instead, it uses the Tangle system 
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    IOTA's maximum supply of tokens is 2,779,530,283
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    They were founded in 2015
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    IOTA's tangle technology is very unique. It doesn't involve any mining, transaction fees or block times
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    IOTA links IoT devices with cryptocurrency technology

2.4. Why Is IOTA A Top 10 Cryptocurrency?

IOTA uses a revolutionary technology called Tangle – which in theory is more time efficient than other blockchain cryptocurrencies like Bitcoin.

It’s a little more lightweight and scalable than Blockchain technology too.

If you’re interested in the technical details, check out this guide to learn the differences in the blockchain vs Tangle.

This is one of the biggest reasons why IOTA is just beginning to grow.

Basically, their technology makes it tricky to integrate with cryptocurrency exchanges.


2.5. Is IOTA The Best Cryptocurrency To Invest In 2018?

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    Zero Fees. With no transaction fees, IOTA can be used for thousands of micro-transactions. This makes it highly scalable.
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    Quick Transactions. With IOTA, payments can be sent extremely quickly.
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    Scarcity. There’s a fixed number of IOTA tokens in circulation, creating the ‘scarcity factor’.
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    Unique Technology. IOTA doesn't operate via the blockchain - instead it uses a different system called Tangle which allows infinite scalability.
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    No Mining. Tangle's technology means there are no transaction or miners on the network. 

2.6. Why Shouldn't You Invest In IOTA In 2018?

  • Whilst the Tangle technology is exciting, it's hindered IOTA's growth because this technology isn't compatible with most cryptocurrency exchanges out there
  • The Tangle ecosystem requires a lot of users for it to be effective. Their scalability model is highly reliant on users adopting it from day one
  • But with zero transaction fees and no mining required, there's no incentive for the community to grow in the first place
  • Whilst in theory it sounds good, Tangle remains unproven. In terms of mass adoption, Tangle's technology hasn't really been tested yet - unlike other blockchain technologies
  • Tangle is still in beta phase - their technology isn't ready to be released just yet
  • IOTA doesn't allow smart contracts - therefore it's technology might struggle to compete with Ethereum's

3. Monero (XMR)

monero logo

3.1. What Is Monero?

One of the biggest differences between Bitcoin and Monero is that Monero is ASIC resistant.

Simply put, it's cheaper and easier to mine.

Because Monero’s blockchain doesn’t have the high powered demands of Bitcoin, anyone can get involved in mining.

Therefore it's community and network will continue to grow.

Let me explain:

With Bitcoin, you need a lot of electricity and a high performance computer to mine it.

In contrast, Monero is much more efficient – you simply download the wallet, click a button and start mining.

Monero's also highly untraceable, allowing more privacy for their users.

If you want more technical info about Monero, this guide is a decent starting point.


3.2. Price History

monero price history

3.3. Facts About Monero

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    Monero's technology is untraceable, allowing private, confidential payments
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    You can switch between public and private payments. So transparency is optional
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    It's technology includes Ring Signatures, Stealth Addresses and Confidential Transactions
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    Their mining algorithm is ASIC resistant - allowing CPU computers to mine it. This strategy could help their community to grow faster
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    Monero already handles hundreds of thousands of transactions via the DarkNet
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    XMR was founded in 2014

3.4. Why Is Monero A Top 10 Cryptocurrency?

With innovative technology like stealth addresses, Ring Signatures and Ring CT, Monero has plenty of interesting features.

One of Monero’s biggest USPs is the fact that it’s focused on privacy – and that reflects trust.

Nobody can see your transactions with Monero – so your spending history is completely anonymous.

Now compare that to Bitcoin.

With Bitcoin, if someone knows your wallet address then they can also see your entire payment history.

So Monero gives users more control over their personal data.


3.5. Is Monero The Best Cryptocurrency To Invest In 2018?

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    Privacy. Monero is one of the most secure cryptocurrencies in the world right now. Privacy is a big deal to consumers, so this is a huge selling point
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    Trust.  Ever noticed how the price of Bitcoin plunges every time there’s a new hack or attack? That’s because of a lack of trust. Monero’s privacy benefits allows more confidence because it’s more secure, private and resistant to cyberattacks.
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    Adoption. It’s far easier to mine – requiring less electricity and hardware compared to Bitcoin. The easier Monero is to mine, the more it's community and adoption will grow.
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    Development Team. With 180+ developers on the Monero project, this cryptocurrency has the support and resources it needs to become a successful project.

3.6. Why Shouldn't You Invest In Monero In 2018?

  • The truth is, Monero's privacy features lend itself to illegal activities on the web. Some investors may not want to be associated with this
  • The privacy coin market is very crowded. Monero has a lot of competition for top place
  • There's a lack of wallet choices for users, which might be enough to put some investors off
  • Critics have suggested that Monero isn't quite as secure as we think. If that's true, it defeats the purpose of the coin

4. OmiseGo (OMG)

omisego logo

4.1. What Is OmiseGo?

With over $25.5 million invested in OMG, OmiseGo was originally developed in Thailand.

OmiseGo is a payment platform.

It's like a dencentralized exchange combining both Fiat and cryptocurrency.

So what can OMG be used for?

  • Consumers can use OmiseGo as a digital wallet. It's especially useful for those who don't have bank accounts
  • Businesses can host their own digital wallet via the OmiseGo blockchain
  • It's an easier solution for enterprises who want to accept cryptocurrency payments
  • It eliminates the admin and paperwork involved in managing a bank account

OmiseGo is actually one of the best cryptocurrency projects I've seen on the market.

I'll go into more detail on that below.


4.2. Price History

omisego price history

4.3. Facts About OmiseGo

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    OmiseGo was founded in 2017 but has already gained one of the highest market caps in the world
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    Ethereum's founder Vitalik Buterin has backed the OmiseGo project as his favourite token
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    OMG is part of the Omise group, who have a proven track record for delivering payment technology across Asia
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    The key to OmiseGo's success is landing merchant partnerships. The more corporations they can partner with, the more market share they'll gain
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    Over 598,882 people hold OmiseGo's tokens
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    Their platform will act as a decentralized exchange, because they're not owned by any central party
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    Their plasma protocol upgrade could allow up to 1 million transactions per second
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    Ethereum's founder Vitalik Buterin is on the board of advisors for the OmiseGo project

4.4. Why Is OmiseGo A Top 10 Cryptocurrency?

OMG has already become popular across Asia.

They've established offices across Thailand, Japan and Indonesia.

Their development team have pretty much all come from the Ethereum Foundation - another successful blockchain project.

omisego advisory team

Members of their team have also helped on plenty of other cryptocurrency projects including Cosmos, Hydrachain and Golem.

After partnering with giant corporations like McDonald’s, you can see the potential for OMG to be used in the ‘real world’.

OmiseGo offers a practical way to spend cryptocurrency.

You don't need a bank account or exchange account to use OMG tokens.

Useful: Need more info about OmiseGo?


Check out my OMG coin review for it's pros, cons and use case.


4.5. Is OmiseGo The Best Cryptocurrency To Invest In 2018?

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    Partnerships. OMG have already landed partnerships with plenty of consumer facing companies. With businesses like McDonald’s Thailand already working with OmiseGo, this is a really exciting time for their team.
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    Use Case.  Due to their practical usage, they could be the ‘go to’ option for gift cards, loyalty points and remittances across Asia.
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    Bank Accounts. It’s a practical option for people without bank accounts. As long as you have internet access, you’ll be able to transfer money via the OmiseGo wallet, without actually holding a bank account

4.6. Why Shouldn't You Invest In OmiseGo?

  • The payment platform industry is another highly competitive industry
  • With OmiseGo targeting the financial sector, it's highly reliant on favourable Government regulations for cryptocurrency
  • Banks are developing their own strategies to target consumers without bank accounts in South East Asia
  • Competing banks will have more funding and political influence than OmiseGo
  • Whilst OMG has a promising roadmap, there are no actual release dates. It's a little too vague for some investors

5. Ethereum (ETH)

ethereum logo

5.1. What is Ethereum?

Ethereum’s rise to fame has been meteoric.

With it’s unique Ethereum Virtual Machine technology, developers don’t need to create their own blockchains from scratch.

This makes it an ideal companion for developing decentralized apps.

One problem is that when Cryptokitties was recently launched (they're kind of like modern day Tamagotchi’s) Ethereum really struggled with the demand.

The market crashed and orders were backlogged.

This is a sign that Ethereum isn’t quite ready to cope with high volume usage just yet. 

Pro Tip: Want to learn more about Ethereum?


Discover everything you need to know here.


5.2. Price History

omisego price history

5.3. Facts About Ethereum

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    Ethereum has the second highest market cap in the world
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    They're planning to upgrade to Proof of Stake, which could be a game changer for the coin
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    Whilst Ethereum is the cryptocurrency, Ether is the actual token that transacts on the ETH network
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    Decentralized apps built on Ethereum have many use cases. They could completely change industries such as real estate, banking and ecommerce
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    The white paper for Ethereum was created by Vitalik Buterin in 2013

5.4. Why Is Ethereum A Top 10 Cryptocurrency?

With it's decentralized apps technology, ETH has the second highest market cap in the world (after Bitcoin).

Ethereum is also the most popular ICO platform in the world. 

There are new ICOs being launched every single day. Some of them raise millions of dollars.


5.5. Is Ethereum The Best Cryptocurrency To Invest In 2018?

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    Community. Ethereum has a lot of confident investors. It’s one of the most traded cryptocurrencies in the world and is seen as a worthy competitor to Bitcoin.
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    Growth.  Ethereum has grown by over 5,000% in 2017 alone. Even for cryptocurrency standards, that is extremely high and signals the potential of this coin.
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    Adoption. Due to the EVM technology, it’s easier for developers to integrate this cryptocurrency with their own apps.

5.6. Why Shouldn't You Invest In Ethereum In 2018?

  • If you want to create a Decentralized App on the ETH blockchain, you need to know Ethereum's programming language Solidity
  • Solidity is a time consuming and challenging language to learn - most enterprises just don't have the resources
  • There's already a lot of Decentralized App cryptocurrencies in this space - and that list is growing every month
  • If you're a fan of Ethereum's competitors Cardano or EOS, you're probably not going to back ETH as well

6. Tron (TRX)

tron logo

6.1. What Is Tron?

Tron is a technology designed to decentralize content on the web.

So instead of using third parties like YouTube, Facebook or Reddit, content producers would be able to monetise their content completely independently.

That means no ads, censorship or advertisement friendly content.

It could create a more decentralized, secure and rewarding version of the internet.

Useful Link: To learn more about TRX, check out my answers to 30 of Tron's top FAQs.


6.2. Price History

tron price history

6.3. Facts About Tron

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    Justin Sun launched Tron in 2017. Since then, it's already become one of the largest blockchain projects in the world
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    Justin Sun also owns BitTorrent and Peiwo - one of the most popular audio apps in China
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    The total supply of TRX tokens is 100,000,000,000
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    The actual tokens on the Tron blockchain are called Tronix
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    There are rumours of Tron partnering with one of the world's largest ecommerce firms, Alibaba (but nothing is confirmed just yet)
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    Tron can handle up to 2,000 transactions per second

6.4. Why Is Tron A Top 10 Cryptocurrency?

Content fuels the web. 

Everything we consume on the internet is content - videos, blogs, social media etc.

If Tron's platform hosts most of the web's content, it could completely change the internet as we know it.


6.5. Is Tron The Best Cryptocurrency To Invest In 2018?

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    Strong Use Case. Content producers are tired of bowing down to third party censorship problems. Tron could solve the problem of web centralization.
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    Privacy.  Facebook and Google have both faced criticism around privacy issues. Tron could solve major net neutrality problems on the web.
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    Team. Tron's founder, Justin Sun, already has one of the most successful audio apps in China (called Peiwo). He has the experience and expertise to make Tron a success.
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    Adoption. Tron has already announced partnerships with clients including oBike, Peiwo and Game.com

6.6. Why Shouldn't You Invest In Tron?

  • There were reports of Tron's white paper being plagiarized 
  • Justin Sun actually sold off a lot of his TRX tokens. Is that a sign of his lack of confidence in the coin?
  • Tron's coin value actually hit an outrageously high price - and has since crashed dramatically
  • There have been reports of Tron lying about their total user base

7. Bitcoin (BTC)

bitcoin logo

7.1. What Is Bitcoin?

Bitcoin was the first ever cryptocurrency to be created.

BTC is like the cryptocurrency version of gold.

Whilst it's not practical yet for scalability - it's still used as a measure of value across the cryptocurrency market.

Useful: For more info on BTC, check out my full guide 'What Is Bitcoin' here.


7.2. Price History

bitcoin price history

7.3. Facts About Bitcoin

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    Bitcoin was created by Satoshi Nakamoto in 2008
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    To this day, no-one knows who Satoshi Nakamoto actually is. His identity remains anonymous
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    Bitcoin was the most searched term on Google in 2017
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    Satoshi Nakamoto was actually voted for a Nobel Prize in Economic Sciences back in 2015
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    Bitcoin was the first ever cryptocurrency to be created. To this day, it still has the highest market cap in the world
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    Bitcoin's maximum supply is 21 million coins

7.4. Why Is Bitcoin A Top 10 Cryptocurrency?

It's undeniable, Bitcoin is a giant.

Whilst it's value is far from stable, Bitcoin is still less volatile than the rest of the market.

Plus it has the largest brand recognition in the world.

Bitcoin was actually the most Googled word in 2017.


7.5. Is Bitcoin The Best Cryptocurrency To Invest In 2018?

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    Brand Recognition. Despite being infamous in the media, Bitcoin is still the most recognised cryptocurrency around the world.
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    Adoption.  Bitcoin still has the largest market cap in the cryptocurrency world. It could remain that way for a long time.
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    Lightning Network. Once Bitcoin launches the lightning network later this year, it could completely transform the coin's scalability and value.
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    Value. Investing in Bitcoin is like the cryptocurrency version of investing in gold. Despite it's lack of a practical use case, it's still the standard measure of value for cryptocurrency trading.

7.6. Why Shouldn't You Invest In Bitcoin In 2018?

  • Bitcoin may have already seen peak growth in 2017, hitting $20,000. It's since quickly slumped down in price
  • Bitcoin doesn't have much of a use case. It's not very practical
  • Until the lightning network is released, Bitcoin isn't scalable for high volumes of transactions
  • At peak usage, Bitcoin's transaction fees and block times were excessively expensive 
  • Bitcoin is more like a store of value. It doesn't have the same practicality as other cryptocurrencies on this list

8. Stellar (XLM)

stellar logo

8.1. What Is Stellar?

Stellar is a payment network that can be used for faster, cheaper international transfers. 


8.2. Price History

stellar price history

8.3. Facts About Stellar

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    Stellar was created in 2014 by Jed McCaleb
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    Stellar received $3 million of seed funding from Stripe
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    They partnered with IBM in 2017
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    XLM can process international payments in just 2-5 seconds
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    The total supply of XLM tokens is 104,025,824,192
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    They're currently developing a lightning network to allow even faster transaction speeds

8.4. Why Is Stellar A Top 10 Cryptocurrency?

Stellar has a bright future ahead of it.

They've announced several high profile client partnerships.

Plus they're constantly developing their technology for lower fees and more scalability.


8.5. Is Stellar The Best Cryptocurrency To Invest In 2018?

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    Extremely Useful. The international payments industry accounts for a large chunk of the financial sector. XLM has a huge audience to go at.
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    Fast.  With lightning fast payments, Stellar is highly scalable and could become a rival to other payment platforms such as PayPal or Western Union.
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    Partnerships. XLM has announced several partnerships - including one with IBM. Stripe have also discussed launching support for XLM.

8.6. Why Shouldn't You Invest In Stellar In 2018?

  • Stellar doesn't offer zero fee transactions USP, unlike IOTA
  • Stellar's founders actually own 90% of the token
  • 90% ownership creates problems with centralization
  • If XLM isn't decentralized, it's at risk to market and price manipulation
  • A lack of decentralization also defeats the vision of cryptocurrency

9. Cardano (ADA)

cardano logo

9.1. What Is Cardano?

Cardano is very similar to Ethereum. 

It's a platform developers can use to create their own decentralized apps.


9.2. Price History

cardano price history

9.3. Facts About Cardano

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    ADA's total token supply is 45,000,000,000
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    Cardano's ICO was launched in 2016
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    95% of Cardano's ICO investors were of Japanese origin
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    Cardano's main competitors are Ethereum and EOS - two other high market cap decentralized apps platforms
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    Cardano has a business partner called Emurgo, who are funding many of the decentralized apps built on this blockchain

9.4. Why Is Cardano A Top 10 Cryptocurrency?

Whilst Cardano offers similar functionality to the likes of EOS or Ethereum, they're going one step further.

ADA is developing a technology that integrates with other blockchains. 

This might sounds basic, but most cryptocurrencies aren't interchangeable with other blockchains.

And that creates a huge problem.

It's the blockchain equivalent of not being able to use a Windows PC to view certain websites.


9.5. Is Cardano The Best Cryptocurrency To Invest In 2018?

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    Team. ADA's founder, Charles Hoskinson, is experienced and ambitious. He's already delivering on his promises for ADA - including  their Proof of Stake upgrade.
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    Vision. Just read Cardano's whitepaper and you'll see that they're a serious project with a lot of ambition.
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    Anti-Hype. The problem with the cryptocurrency industry is that projects often become over-hyped. ADA are more about proving their credibility and building trust first.
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    Scalability. ADA's plan is to solve scalability problems in the cryptocurrency community. They're aiming to achieve this by making their technology compatible with other blockchain projects.

9.6. Why Shouldn't You Invest In Cardano In 2018?

  • ADA hasn't really delivered the features it was promising so far this year
  • This isn't a high speed network. Cardano's transaction speeds aren't as fast as Ethereum's
  • Until we see a working product, it's still a highly speculative project
  • Whilst the vision, leadership team and technology behind ADA is exciting, it might take a few years of development before we see Cardano's full potential

10. Steemit (STEEM)

steemit logo

10.1. What Is Steem?

Essentially, Steemit is a social media network - and Steem is the cryptocurrency used on the platform.

It's like a blockchain version of Facebook or Reddit.

However, the beauty of Steemit is that it has no adverts.

It's like going back in time and using the internet 15 years ago.

Plus it literally pays people to produce content on the platform in Steem tokens.


10.2. Price History

steem price history

10.3. Facts About Steem

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    At 32.2 TX, Steem offers very high transaction speeds and capacity (higher than Litecoin's for example)
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    Steem doesn't have miners
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    Steemit's platform has three coins - Steem, Steem Dollars and Steem Power. They all have different uses 
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    As a decentralized social media platform, Steemit is already up and running with hundreds of thousands of users
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    Steemit's cryptocurrency rewards people for producing content - such as videos, blogs and reviews
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    Steemit's social media platform has no ads

10.4. Why Is Steem A Top 10 Cryptocurrency?

Steem is actually one of the first social media projects powered by the blockchain.

Whilst many cryptocurrencies don't have a use case, Steem's is obvious.

Producers (think bloggers or vloggers) are rewarded by creating popular content.

The more popular their content is, the more they're rewarded by the platform.


10.5. Is Steem The Best Cryptocurrency To Invest In 2018?

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    Adoption. The Steemit platform already has over 500,000 active users.
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    Tried & Tested. The fact that Steemit is so active shows that it's blockchain technology is capable of being scaled up.
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    No Advertising. Content producers on Steemit are rewarded with Steem - rather than having to monetise their content with adverts.
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    Steem Power. The more Steem tokens you hold, the more influence you have on the social networkThis platform basically rewards you for being a part of the community.

10.6. Why Shouldn't You Invest In Steem In 2018?

  • Whilst Steemit is an exciting platform, it's likely to be monetised best by savvy marketers who know how to play the system for more rewards
  • That means new users on Steemit might struggle to gain any traction on the platform
  • If Steem drops in value, it means the tokens it's user's have saved up are less valuable. That creates a lot of risk for it's users
  • This could be off putting to full time content producers who don't want to gamble their earnings
  • Steemit has been hacked before, leaving some users without an account
  • If your Steemit account gets hacked, you'll also lose the tokens you've saved up from producing content

How I Do Choose The Best Cryptocurrencies To Invest In?

Cryptocurrency investing is a highly debated topic.

So you might be wondering how I created this list.

And why are these the best cryptocurrencies to invest in 2018?

So here's the investment criteria I used for each cryptocurrency:

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    Whether the coin can achieve mainstream adoption
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    The leadership team and their experience/expertise
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    USPs of the blockchain technology
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    Marketing capabilities and brand recognition
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    Funding and resources to make the project a success
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    Roadmaps & upgrades planned for 2018
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    Positive and negative publicity
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    Scalability potential of the coin

Timing The Market In 2018.

If you've invested in cryptocurrency already, then you know that coin values are highly susceptible to market news.

Timing is crucial too:

  • Invest too late and you'll struggle to gain value 
  • Invest too early and you might not have the patience to hold the coin long term

Market news that could impact the cryptocurrency market includes:

  • Roadmap updates
  • Technology releases
  • Scheduled forks
  • Blockchain upgrades
  • Major events within the community
  • Press releases
  • Changes in Government regulations
  • Exchange hacks

Long Term Vs Short Term Cryptocurrency Investing.

So there you have it – the top 10 best cryptocurrencies to invest in 2018.

Now personally, I'm holding my investments long term.

Some people in the cryptocurrency world call it ‘Holding On For Dear Life’ (HODLING). 

If you’re new to this, I wouldn't recommend day trading.

Instead, I simply buy, hold and forget.

You see, cryptocurrencies fluctuate like crazy:

And if you keep buying and selling everyday, you're liable to making rash, emotional based trading decisions.

Which is basically how most people lose money whilst investing in cryptocurrency. 

So here's why investing long-term is my preferred strategy:

  • If you’re constantly checking cryptocurrency prices, you’re going to waste a lot of time
  • Buying and selling all the time means you’ll pay a lot in transaction fees
  • Depending on where you're based, taxation becomes more complicated the more trades you make
  • If you’re not careful, you’ll end up making emotionally charged decisions – because you’re worried about the daily swings in coin values
  • You should see cryptocurrencies as an investment – not a ‘get rich quick’ scheme
  • Day trading is a very volatile world – it’s not advised for newbies

Staying Secure.

When it comes to cryptocurrency, never invest more than you can afford to lose.

No one knows what the market will do next.

I’d also recommend only storing your cryptocurrency offline in a hardware wallet. 

This helps to:

  • Avoid cryptocurrency exchange hacks
  • Avoid losing your login details
  • Avoid your password info getting hacked (you're more susceptible to this if your data is stored online)

Pro Tip: Storing your cryptocurrency investments in a hardware wallet is essential.


Check out my hardware wallet reviews for tips.


FAQs.

What's The Best Cheap Cryptocurrency To Invest In 2018?​

Before you start looking at coin prices, it's important to understand that a cheap price doesn't necessarily mean more growth opportunities.

e.g. Bitcoin hit $7,000 in November 2017 - then raced all the way up to $19,000.

Having said that, Tron cryptocurrency fits this criteria.

Because Tron has so many tokens in circulation, their value per coin is relatively cheap compared to the rest of the market.


Which Is The Best Cryptocurrency To Invest In 2018?​

My favourite is OmiseGo.

Their team, technology, business model and experience are all extremely positive signs.

Coin Review: Wondering if OmiseGo is the right investment for you?


Then check out my coin review of OmiseGo.


What's The Best Small Cryptocurrency To Invest In 2018?​

If you're looking for a smaller, less well known cryptocurrency investment, check out my review of Fuel cryptocurrency.

They're essentially planning to become the WordPress of decentralized apps.

That's a huge market with a lot of potential.


What's The Best Cryptocurrency Stock To Invest In 2018?

My personal pick is Overstock (OSTK). 

Here's a few reasons why:

  • Overstock is already becoming an established leader in their field
  • They've been involved in blockchain projects since it's creation
  • They were actually one of the first businesses to accept Bitcoin

But Overstock is more of a long term hold, not a quick win.

Plus investing in blockchain related stocks doesn't offer the same sort of growth prospects as trading cryptocurrencies directly.