Promising Cryptocurrency 2018

Are you looking for the best cryptocurrency to invest in this year? Want to find out which ones have the potential to surge in value? Read on to discover the most promising cryptocurrencies of 2018.

Criteria for evaluating promising cryptocurrencies

Evaluating promising crypto in 2018? You must consider multiple criteria. Growth potential, tech/innovation, usage, team and partnerships are key to success. Let’s explore these aspects and understand how each influences assessment.

Image credits: kingpassive.com by Yuval Arnold

Growth potential

The potential for expansion and growth of a cryptocurrency is a crucial factor in selecting promising cryptocurrencies. This could be evaluated by assessing indicators such as the size of the community, media presence, developer network, market capitalization, trading volume, technological advancement, partnerships and collaborations. A cryptocurrency’s growth potential would positively impact its valuation.

A cryptocurrency with high growth potential presents investors with a chance to make significant returns on their investments. Also, it enables new entrants into the blockchain ecosystem to leverage opportunities present today while aiming for tomorrow’s explosive growth.

Moreover, an increase in acceptance across various sectors like commerce and fintech sectors will increase the adoption of cryptocurrencies accelerating its reach and influence globally.

History shows that promising cryptocurrencies that offered unique features have experienced tremendous growth over time. An example is Bitcoin that started from humble beginnings with no value has now grown significantly beyond expectations to become a major global player in the financial world.

Who needs a crystal ball when you can just invest in the latest technology and jump on the cryptocurrency train?

Technology and innovation

When evaluating promising cryptocurrencies, one must consider the level of technological advancement and innovation they offer. The ability to scale, improve functionality and security is vital to the promise a cryptocurrency makes to its users. This translates into creating an ecosystem that’s fast, reliable and safe for broader adoption.

The blockchain technology underlying a cryptocurrency goes beyond mere functionality; it can also be instrumental in future innovations. Evaluating the novelty of use-cases supported by the crypto network in fostering new application development and scaling of current structures creates an opportunity for exponential growth.

It’s crucial to evaluate the team behind a particular cryptocurrency project because their technical expertise plays a significant role in the success potential of its offerings. Apart from assessing the team’s credentials, analysis of their roadmap as well as whitepaper serves as indicators for gauging progress towards achieving milestones in development.

A critical call-to-action regarding promising cryptocurrencies is keeping tabs on them—proactively due diligence on all factors that underpin their promise may translate into capitalizing on incredible gains. Avoiding complacency through awareness of market trends, news about emerging technologies, regulations and proactively progressing cryptocurrency projects is vital.

Why buy a cryptocurrency if you can’t even use it to buy a pizza? Adoption and use cases matter, folks.

Adoption and use cases

The expansion of blockchain technology has led to the development of numerous cryptocurrencies. These tokens are aimed at providing better payment systems, decentralized storage and security among other features. One key criterion for evaluating promising cryptocurrencies is their adoption and use cases.

A cryptocurrency’s adoption refers to its level of acceptance in mainstream markets and platforms. A high level of adoption implies that users can purchase goods and services with ease using the coins, while also indicating a strong network effect. Additionally, evaluating a crypto’s use cases helps to understand its functionality, beyond being a mere investment asset.

Cryptocurrencies must have practical use cases that solve existing problems or offer efficient solutions to existing business models, which makes them more valuable in the long run than those without such applications.

Furthermore, it is noteworthy to observe if cryptocurrencies can function adequately based on established infrastructures available within specific sectors such as healthcare, supply chain management or transportation. Adoption could become heavily accelerated when these respective industries witness transformative results through practical usage scenarios.

One suggestion for determining use cases for digital currencies is assessing if they can operate on similar standards as traditional financial instruments, particularly major fiat currencies like USD and EUR and commoditized assets like gold and silver. This would ensure their viability across cross-border transactions regardless currency fluctuations.

Another way would be observing their implementation in innovative fintech products like payment gateways or wallets. Looking into how easily these tools facilitate seamless transactions or automated budgeting can give insight into whether or not these particular entities gravitate towards seamless integration with blockchain technology domain.

By considering these factors when analyzing the adoption potential of various cryptocurrencies one could work towards identifying promising digital money alternatives that are potentially accountable investments for 2018 and beyond.

Behind every promising cryptocurrency is a team of experts and a partnership that’s stronger than your ex’s rebound.

Team and partnerships

The composition of the cryptocurrency team and their partnerships play a significant role in determining the potential success of a project. The expertise and experience of a team are vital in creating, managing, and promoting a digital currency, while their network can increase its adoption and acceptance rates.

It is essential to evaluate the qualifications, capabilities, and background of each member in the team before diving into investments. Also, partnerships with reputable companies and individuals can be hugely beneficial. Collaborations with businesses that share similar ideologies can create synergies leading to higher adoption rates of the currency.

Furthermore, understanding potential strategic partnerships that the project may engage in or has already engaged in can provide insight into its growth trajectory.

Pro Tip: Researching past projects of each team member could give an indication of their ability to deliver on promises.

Get ready to invest in these top promising cryptocurrencies for 2018 and watch your bank account go from ‘meh’ to ‘to the moon!’

Top promising cryptocurrencies for 2018

Discover the hottest digital currencies to invest in this year! Check out “Top Promising Cryptocurrencies for 2018“. Get detailed info on Bitcoin, Ethereum, Ripple, Litecoin, Cardano, Stellar, EOS, NEO, VeChain, and 3.10 ICON. Understand their potential for growth and profitability. Make a wise investment!

Image credits: kingpassive.com by Yuval Arnold

Bitcoin (BTC)

As the pioneer of all cryptocurrencies, this digital currency remains a heavyweight in today’s landscape. BTC offers a decentralized platform for online transactions, with its popularity increasing year over year due to global acceptance and ease of use. Its unchallenged liquidity makes it an attractive option for investors who rely on trading volume.

Bitcoin is characterized by its finite supply cap of 21 million tokens which ensures scarcity, rivaling precious metals as a store of value. Furthermore, Bitcoin has gained significant market adoption with usage in various industries such as e-commerce and real estate, and supports lightning-fast transaction speeds.

Investors who anticipate continued growth in cryptocurrencies would be wise to consider including Bitcoin (BTC) in their portfolios. Delaying on investing could be unwise; take advantage of the current market trends before time runs out on this offering.

Ethereum: Because Bitcoin needed a little sibling rivalry to stay motivated.

Ethereum (ETH)

With its smart contract capabilities, Ethereum is one of the most promising cryptocurrencies of 2018. It enables decentralized applications to be built on top of it, providing a platform for developers to create their own customized tokens and digital assets. Additionally, Ethereum’s scalability has greatly improved with the release of its Constantinople upgrade.

Investors who are considering investing in Ethereum should keep in mind this cryptocurrency’s volatility. Despite the recent improvements, there is still much work to be done on the platform’s scalability. Furthermore, it faces competition from other similar platforms such as EOS and TRON.

To maximize profits while minimizing risks, investors can consider trading Ethereum on reputable exchanges with low transaction fees. Additionally, investors may want to consider using dollar-cost averaging techniques to gradually invest over time instead of making one large purchase at once.

Don’t let the name fool you, Ripple (XRP) is making waves in the cryptocurrency world and leaving traditional banking systems all wet.

Ripple (XRP)

This cryptocurrency has been gaining popularity for its innovative technology. With a fast and secure transaction process, Ripple (XRP) allows banks to transfer funds across international borders instantly. Its decentralized system eliminates middlemen, making it cost-effective. Moreover, Ripple’s partnerships with global financial institutions make it even more promising.

Additionally, Ripple offers reliable payment solutions by using blockchain technology. This ensures timely and transparent transactions for both individuals and businesses. Notably, it is also energy-efficient as compared to other cryptocurrencies due to its unique consensus protocol, which eliminates the use of energy-expensive mining.

With increasing market capitalization and growing adoption by financial organizations such as American Express, Standard Chartered Bank and Santander Group, Ripple (XRP) holds great potential for investors in 2018.

A trusted source revealed that the transaction volume of XRP has increased by over 700% in just one year- from $6.5 billion in Q1 2020 to $54 billion in Q1 2021, indicating its significant growth.

Why settle for digital silver when you can have Litecoin – the gold standard of cryptocurrency?

Litecoin (LTC)

Litecoin, also known as LTC, is a promising cryptocurrency for 2018. It was created in 2011 by former Google engineer Charlie Lee and is often referred to as the “silver to Bitcoin’s gold.” With faster transaction speeds and lower fees than Bitcoin, LTC has gained popularity among investors and traders alike.

In addition to its faster transaction speeds and lower fees, LTC also boasts better scalability and security than many other cryptocurrencies. This makes it a solid choice for those looking for an investment with long-term potential.

Moreover, Litecoin has gained widespread acceptance as a payment method thanks to its growing list of merchants that accept payments in LTC. With the recent implementation of the SegWit upgrade, Litecoin will soon be able to support Lightning Network transactions, increasing its functionality even further.

According to CoinMarketCap, Litecoin is currently ranked #7 in terms of market capitalization, with a total value of over $10 billion USD. With such impressive stats for performance on both technical and financial fronts, Litecoin looks poised for continued success in the future.

One true fact about Litecoin is that it was one of the first cryptocurrencies to implement Segregated Witness (SegWit) technology back in May 2017, paving the way for improved scalability and network efficiency.

Cardano (ADA): The cryptocurrency with a name that sounds like a fancy Italian restaurant, but could be worth more than your last meal there.

Cardano (ADA)

As one of the promising cryptocurrencies for 2018, this protocol provides a decentralized platform for creating and executing smart contracts. ADA, the native cryptocurrency of Cardano, forms a core component of its ecosystem. This digital currency is highly scalable and offers secure payment solutions to users across the globe.

Cardano boasts innovative features such as Ouroboros, a unique consensus algorithm that ensures secure validation of transactions on their network. Moreover, it takes a scientific approach towards its technical development through peer-reviewed research and testing.

Another significant aspect of Cardano is their focus on sustainability in their ecosystem. They aim to achieve this by facilitating interoperability among different blockchains while also ensuring that their system is energy-efficient and eco-friendly.

For those looking to invest in digital assets, considering Cardano (ADA) may be worthwhile due to its potential for long-term growth and stability in the market. Besides, its innovative features offer significant value propositions that could further increase its adoption rate in various industries.

When it comes to Stellar, even the sky isn’t the limit for this promising cryptocurrency in 2018.

Stellar (XLM)

Stellar is a promising cryptocurrency for 2018 with a focus on facilitating cross-border transactions and creating a global payment network. Its decentralized protocol enhances the speed, scalability and security of transfers without intermediaries. It also founded the Stellar Development Foundation to promote financial literacy and inclusion among unbanked populations.

A unique feature of Stellar is its consensus mechanism that allows voting based on one’s stake in the network, ensuring democratic decision-making. This creates trust through transparency and discourages centralization, enabling greater adoption among businesses and individuals seeking a reliable alternative to traditional banking solutions.

According to Forbes, Stellar has formed partnerships with companies like IBM, Deloitte, and Stripe to increase widespread use of its native token XLM.

EOS: Because when it comes to promising cryptocurrencies, EOS is so hot right now even Mugatu wants a piece of the action.

EOS (EOS)

EOS (EOS) is a highly promising cryptocurrency for the year 2018. With a futuristic approach and an innovative consensus algorithm, EOS has the potential to change the way blockchain technology is used. Let’s take a closer look at what makes it stand out.

The unique feature of EOS lies in its scalability and ability to handle large volumes of transactions simultaneously without any delays or congestion. Additionally, users can build decentralized applications on its platform using smart contract technology which enables transparency and security in all transactions.

Don’t miss out on the potential benefits of investing in EOS before it’s too late! Its performance in the past suggests that it might be worth looking into for future investments.

NEO may be the one to bring balance to the cryptocurrency force, or just make you feel like you’re in the Matrix.

NEO (NEO)

NEO, also known as China’s Ethereum, stands out among other cryptocurrencies due to its unique features and benefits. This blockchain platform allows for smart contracts and decentralized applications to run smoothly while maintaining an eco-friendly approach with low energy consumption. Additionally, NEO offers a high degree of scalability by allowing developers to create sidechains. It is expected that NEO will continue to gain momentum in 2018 due to its strong community support and technological advancements.

Pro Tip: Although the cryptocurrency market can be unpredictable, it’s always important to conduct thorough research before making any investments.

VeChain may have a funny name, but its promise to revolutionize supply chain management is nothing to laugh about.

VeChain (VEN)

Utilizing Semantic NLP, one of the highly rated cryptocurrencies for 2018 is VeChain (VEN). It offers a secure and transparent supply chain management system for businesses.

A table showcasing real data on VeChain (VEN) can delve into its current market cap, circulating supply, and all-time high value. This information can guide investors in making informed decisions regarding investments in this cryptocurrency.

An additional noteworthy aspect of VeChain (VEN) is that it was rebranded as VET to reflect its updated vision.

Pro Tip: When investing in cryptocurrencies, always conduct thorough research to ensure you are making an informed decision.

Investing in ICON (ICX) is like dating a supermodel; everyone wants a piece of it, but only a few lucky ones can afford to hold onto it.

ICON (ICX)

This cryptocurrency, known as a revolutionary system for interconnecting various blockchain networks, is expected to have lasting impacts on the industry. ICON (ICX) possesses capabilities that could prove to be very valuable for financial technology applications like identity verification and adhering to regulatory protocols. The interoperable nature of this platform allows it to greatly enhance communication between different systems.

In addition, ICON (ICX) could play a big role in further decentralizing existing infrastructures by allowing communities and groups to connect with each other on a secure and transparent network. Its notable partnerships include work with government agencies and major corporations in South Korea, where it was created as a response to the limitations of blockchain technology at the time.

A unique aspect of ICON (ICX) is its use of smart contracts to help enable cross-chain transactions between different blockchain platforms. By utilizing these contracts and its own proprietary loopchain technology, ICON (ICX) has formed vital alliances within supply chain management, healthcare administration, and more.

ICON (ICX)’s initial coin offering took place in September 2017, raising nearly $42 million USD in under 6 hours through the sale of 50% of their tokens. It has since been listed on several major exchanges including Binance and Upbit, gaining significant popularity among traders seeking exposure to innovative digital assets.

Don’t invest in promising cryptocurrencies unless you’re willing to risk losing your fortune faster than a gambler at a Vegas casino.

Risks and challenges of investing in promising cryptocurrencies

Investing in cryptocurrencies entails significant “perplexities and challenges,” with the possibility of facing unexpected risks. Below are some key points to consider before investing:

• High volatility: The cryptocurrency market is highly unpredictable and subject to market fluctuations, making it riskier than traditional investment options.
• Security concerns: Cryptocurrencies can be vulnerable to hacking, cyber theft, and fraud, posing a considerable risk to the investor.
• Regulatory uncertainties: Regulations for cryptocurrencies vary by jurisdiction, leading to uncertainties regarding their legality, taxation, and compliance with regulatory frameworks.
• Limited adoption: Despite the popularity of cryptocurrencies, their adoption remains limited, which could potentially affect their market value.

It is essential to note that Turbotax Desktop cryptocurrency taxation guidelines constantly evolve, making it necessary to stay updated with the latest regulations.

Cryptocurrency stories often include anecdotes about investors losing their investments in one fell swoop. One such tale involves a man who invested his life savings in Bitcoin, only for the market to crash soon after, causing him to lose everything. Therefore, before investing, it is crucial to conduct extensive research and evaluate the risk-to-reward ratio to make an informed decision.

Image credits: kingpassive.com by David Arnold

FAQs about Promising Cryptocurrency 2018

1. What is a promising cryptocurrency for 2018?

There are several promising cryptocurrencies for 2018, such as Bitcoin, Ethereum, Ripple, and Litecoin. However, the new cryptocurrency, EOS, is gaining popularity due to its scalability, flexibility, and potential for decentralized applications.

2. Will cryptocurrency prices increase in 2018?

It is difficult to predict the exact future of cryptocurrency prices. However, many experts believe that cryptocurrency prices will continue to increase in 2018, driven by increased adoption and mainstream acceptance.

3. What are the advantages of investing in a promising cryptocurrency?

Investing in a promising cryptocurrency offers many advantages such as potentially high returns and diversification of portfolio. Additionally, many cryptocurrencies operate on a decentralized platform, which eliminates transaction fees and reduces the risk of fraud.

4. What are the risks involved in investing in a promising cryptocurrency?

Investing in cryptocurrency is inherently risky due to price fluctuations, regulation changes, and potential security breaches. Additionally, there is a high level of volatility, which makes it difficult to predict future price movements.

5. How do I buy a promising cryptocurrency?

To buy a promising cryptocurrency, you need to create an account on a cryptocurrency exchange such as Coinbase, Binance, or Bitfinex. Then, you can transfer funds to the exchange and use those funds to purchase the cryptocurrency.

6. How do I store my promising cryptocurrency securely?

The best way to store your promising cryptocurrency securely is to use a hardware wallet such as Trezor or Ledger Nano S. These wallets offer enhanced security features such as private key encryption and multi-factor authentication, which reduces the risk of theft or fraud.