Best Cryptocurrency To Invest 2018 Reddit

Are you looking for the next big crypto investment? With the rise of digital currencies, it can be difficult to decide which one is best for you. Discover which are the best cryptocurrency to invest in 2018 to maximize your returns.

Top Cryptocurrencies to Invest in 2018

Gain profits from the booming crypto market! Put your money in the right coins. To help you, here’s “Top Cryptocurrencies to Invest in 2018.” It has sub-sections on Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, Stellar, NEO, EOS, and Monero. Each coin has unique features and is growing in popularity. Investing in these cryptos could give you lucrative returns!

Image credits: kingpassive.com by Harry Arnold

Bitcoin

Bitcoin’s blockchain technology, which is used to verify transactions on its network, allows for a highly secure and transparent system that can be audited by anyone. As the first cryptocurrency ever created, it has the most developed infrastructure and the largest user base in the industry.

Moreover, Bitcoin’s limited supply of only 21 million coins makes it an attractive long-term investment vehicle, as its scarcity drives up demand and price. Furthermore, its ability to facilitate fast and cheap global payments has made it a popular choice in areas with limited access to traditional banking systems.

According to CoinMarketCap, as of May 2021, Bitcoin still holds over 40% of the total cryptocurrency market cap. This dominance signifies the confidence investors have in this digital asset as a stable store of value despite its volatility.

In fact, major corporations like Tesla now own Bitcoin on their balance sheets as part of their treasury reserves, making it evident that this pioneer cryptocurrency continues to command immense attention and respect from market participants worldwide.

Ethereum, the cryptocurrency that’s so reliable even its founder can’t resist hacking it.

Ethereum

As of 2021, Ethereum has over 500 billion total transactions processed on its network with an average daily transaction volume of around 1.2 million. Its native cryptocurrency, Ether (ETH), is used for payment processing fees and gas fees when executing smart contracts.

Additionally, Ethereum’s ongoing development efforts have been focused on improving the scalability and security of its platform through upgrades like Ethereum 2.0.

Investors looking to enter the crypto market may consider investing in Ethereum due to its strong fundamentals, widespread adoption, and potential for growth as the blockchain ecosystem expands. However, it’s important to conduct thorough research and understand the risks associated with investing in cryptocurrencies before making any investment decisions.

If you’re looking for a cryptocurrency that’s as stable as a sober octopus at a yoga retreat, then Ripple is your go-to.

Ripple

As a leading blockchain-powered platform, this cryptocurrency has seen steady growth and recognition among investors since its inception. Its digital token is used to facilitate fast and low-cost international payments, making it a valuable investment option. With partnerships formed with major global institutions like American Express and Standard Chartered Bank, this cryptocurrency is set to thrive in the coming years.

Its unique consensus algorithm, known as the Ripple Protocol Consensus Algorithm (RPCA), sets it apart from other cryptocurrencies by enabling faster transaction processing times. Additionally, its focus on security and scalability also make it an attractive asset for long-term investment.

Interestingly enough, this cryptocurrency was not initially designed to function as a traditional retail investor asset, but rather as a solution aimed specifically at financial institutions dealing with cross-border payments. Its success in the investment world can largely be attributed to its innovative approach towards solving real-world problems.

The interesting history behind this cryptocurrency began in 2012 when the company behind it was founded under the name OpenCoin. Its goal was to create an open-source protocol that would enable cheap and fast cross-border transactions without relying on traditional banking networks. It wasn’t until 2013 that its token, now known as XRP, was officially released and made available for trading on select platforms.

Overall, there’s no denying that this cryptocurrency has come a long way since its early days of development. As more businesses recognize its potential for revolutionizing the way we transact across borders, it’s safe to say that Ripple will continue to be a force to be reckoned with in the world of finance and investments.

Don’t be a crypto-fool and miss out on Litecoin – it’s like Bitcoin, but with a better personality.

Litecoin

One of the most highly recognizable cryptocurrencies in the market today is the silver to Bitcoin’s gold, known as Litecoin. Its success can be attributed to its ability to process transactions four times faster than Bitcoin and lower transaction fees. Litecoin was created in 2011 by Charlie Lee, a former Google engineer, with the intention of making a more user-friendly version of Bitcoin.

This popular altcoin has maintained a steady position in the top cryptocurrencies, and with recent developments such as Lightning Network integration allowing instant payments, its potential for growth is high. Recently, Litecoin gained support from institutions like Grayscale Investments and PayPal, which provided users with access to buying and selling the cryptocurrency.

It is worth noting that even though it has been dubbed “Bitcoin’s little brother”, Litecoin has proven itself as more than just a copycat. With a current market cap nearing $10 billion USD, it certainly holds its own in the crypto world. If you’re looking for a solid investment opportunity involving digital assets that have been around longer than most other coins, investing in Litecoin could be well worth your while.

Don’t miss out on the opportunity to invest in one of the most trusted and established cryptocurrencies on the market today – consider adding Litecoin to your investment portfolio before it inevitably experiences even more growth and profit potential.

Bitcoin Cash: because it’s like Bitcoin, but with a little more attitude and a lot less market dominance.

Bitcoin Cash

One unique feature of Bitcoin Cash is its adoption by merchants and payment processors, allowing users to buy goods and services with BCH. It has gained traction as a means of remittance in countries with unstable fiat currencies.

A user on Reddit shared how he used Bitcoin Cash to transfer funds across borders without paying the high fees charged by traditional remittance services. The transaction was completed within minutes, saving him both time and money.

Cardano: Because you shouldn’t have to sacrifice security for speed, unless you’re running from a bear.

Cardano

In addition, Cardano’s team includes experts in cryptography and computer science fields who bring their expertise to continuously improve the platform. It also has an active community and partnerships with various companies that are fueling its growth.

Investing in Cardano can provide potential long-term benefits as its technology continues to evolve and gain adoption in the market.

Don’t miss out on the opportunity to invest in this innovative cryptocurrency. Consider adding Cardano to your investment portfolio today.

If you’re looking for a stellar investment opportunity, look no further than Stellar – the cryptocurrency that’s out of this world.

Stellar

Stellar is unique in that it focuses on serving individuals and organizations in developing countries who lack access to traditional financial institutions. Its platform allows people to transfer funds and make payments easily and securely without the need for intermediaries.

Interestingly, according to CoinMarketCap, as of August 2021, Stellar was ranked at #25 among cryptocurrencies by market capitalization.

A true fact about the rise of Stellar is that in 2017, it saw a 14,441% increase in value, making it one of the biggest gainers among cryptocurrencies that year.

NEO: the cryptocurrency that’s not just a Matrix character, it’s also one of the hottest investments of 2018.

NEO

One of the most promising cryptocurrencies of 2018 is the blockchain-based platform, NEO. It has gained popularity due to its main feature of allowing developers to create smart contracts on its network effortlessly.

NEO features a decentralized peer-to-peer network that operates through its native token, GAS. Unlike other crypto coins, GAS performs multiple functions within the system like paying transaction fees, fueling operations and processes on the NEO blockchain, and serving as a tool for executing smart contracts.

Further, NEO aims to provide a smart economy that includes digital identity and asset digitization for businesses and individuals globally. The platform can process up to 10k transactions per second with considerable security protocols in place.

Originating from China in 2014 as Antshares, NEO experienced a rebranding in 2017. This was done with the aim of creating credibility as an enterprise-level blockchain project that goes beyond being just another cryptocurrency. Since then, NEO has continued to grow in value and adoption rates worldwide.

EOS may sound like a fancy perfume, but investing in it could leave you smelling like success in the cryptocurrency world.

EOS

The EOS network is a decentralized blockchain platform that was designed to scale and provide secure smart contracts. It boasts of high transaction processing speeds without compromising security. EOS provides developers with tools to create decentralized applications and runs on a proof-of-stake consensus mechanism rather than the more traditional proof-of-work approach used by most cryptocurrencies.

EOS’s unique consensus mechanism requires holders of its native token, EOS, to vote for block producers who carry out transactions and maintain the network. This system ensures decentralization while avoiding issues encountered by other projects that rely solely on miners or validators. Additionally, the platform offers superior scalability compared to other blockchain systems like Ethereum and Bitcoin.

EOS has had its fair share of controversies, including concerns over centralization and criticism from Vitalik Buterin, Ethereum’s founder. Despite these challenges, EOS continues to grow in popularity among cryptocurrency enthusiasts with its innovative solutions to challenges created by traditional blockchain platforms.

Looking for a cryptocurrency that’s as secretive as your Google search history? Invest in Monero.

Monero

Undoubtedly, one of the top contenders for the best cryptocurrency investment in 2018 is Monero. A privacy-focused coin that operates on the principles of stealth addresses and ring signatures to render transactions virtually untraceable. Aside from its anonymity feature, it also boasts a highly active development team committed to continuously improving its technology and combating potential vulnerabilities.

Monero’s value proposition is strong as it prioritizes secure, private transactions over everything else in a blockchain. Its popularity has grown exponentially due to increasing concerns on global surveillance and data privacy issues. With several other coins having similar features, the market competition cannot be ignored, but Monero has set itself apart with its community support, wide adoption, and proven track record.

To further boost investor confidence in Monero, it is worth mentioning that it is not subject to any government or financial institution influence because it operates on a decentralized network making Monero even more appealing for investors looking for independent investment opportunities. Investing in Monero in 2018 could potentially yield huge profits for investors who are willing to hold onto their investments long-term.

If you want exposure to crypto’s more decentralized networks like Monero having an allocation may make sense as part of an overall investment strategy.

FAQs about Best Cryptocurrency To Invest 2018 Reddit

1. What is the best cryptocurrency to invest in 2018 according to Reddit users?

Reddit users have mixed opinions on the best cryptocurrency to invest in 2018. Some believe that Bitcoin and Ethereum are still solid choices, while others advocate for newer platforms like EOS or Ripple.

2. What factors should I consider when investing in cryptocurrency?

When considering which cryptocurrency to invest in, it’s important to consider factors such as market capitalization, development team, adoption rate, and competition in the space. You should also have a solid understanding of the technology behind the cryptocurrency and its potential for growth.

3. Is it too late to invest in cryptocurrency in 2018?

While the cryptocurrency market has experienced significant growth in recent years, many experts believe that there is still room for growth in 2018. However, it’s important to keep in mind that investing in cryptocurrency comes with a level of risk, and it may be wise to consult with a financial advisor before making any investments.

4. What are some risks associated with investing in cryptocurrency?

Some risks associated with investing in cryptocurrency include market volatility, security breaches, regulation changes, and adoption rate. It’s important to do your research and stay informed on the latest news and developments in the cryptocurrency market.

5. Should I invest in just one cryptocurrency or diversify my investments?

Many experts recommend diversifying your investments when it comes to cryptocurrency. Investing in multiple cryptocurrencies can help spread out your risk and increase your chances of success. However, it’s important to do your research and choose cryptocurrencies that complement each other rather than those with similar qualities and features.

6. What resources are available for researching and investing in cryptocurrency?

There are many resources available for researching and investing in cryptocurrency, including online forums like Reddit, cryptocurrency news sources, and investment platforms specifically designed for cryptocurrency trading. However, it’s important to exercise caution and do your own research before making any investments.