If you want to know about the best cryptocurrency to invest in 2018, then believe me I cannot even name it.
Bitcoin? No way. It is too unpredictable and is expensive enough to ruin your investments.
Ripple? Yes, it did go up in the start but not now. It is heading back to where it started.
The crypto market has no specific peaks or trough patterns by which we can effectively predict the best cryptocurrency for 2018.
It has one pattern and that is the crypto market cycles.
Crypto market cycles- Cryptocurrency trends in 2018
Cryptocurrency will follow some trends for sure. In addition, these trends are going to be the same for ICO in 2018. However, these trends are not going to be unique.
Just take a look at how Bitcoin rose in its early time. Everybody invested heavy sums in it and it skyrocketed. Nevertheless, do you know what caused bitcoin to retreat?
When all the investors saw their money increased up to 500%, they simply withdrew investments from bitcoin. They did expect a fall and their expectations were correct. In a day, Bitcoin fell from 19000$ to 12000$. The reason behind it was the large withdraw of investments and introduction of Alt coins.
Alt coins- Cryptocurrency of the future
Alt coins are basically those coins that replaced Bitcoin during the early months of 2017 and distributed the market cap largely. Alt coins such as Etherum and Steem showed 300-700% of increase in their values as the Bitcoin market cap significantly dropped from 65% to 33%.
The investors withdrew money from Bitcoin and invested in Etherum, which went from $7 a coin to $350 a coin in just a year!
Moreover, guess what, Etherum started to depreciate too! The reason behind this was the monopoly of investors. They invested in each new cryptocurrency and when they saw their profit, they withdrew investments and moved to the next one. It is all about buying and selling at the right time.
How to get maximum profits? A crypto trading guide
There are a few ways how an investor can profit in the best manner from trading in the crypto markets.
1) Hold when in the rise, Sell when expecting a fall
This strategy might look to you as absurd and something that is not wise. It is a commonly accepted perception that while dealing in cryptocurrencies, one should sell when the price is rising.
However, this is not what we recommend. Many people sold bitcoin when it was moving upward from $12k thinking that it might drop anytime soon only to regret when it crossed $18k mark. The wise ones actually sold their investments in bitcoin just when it started to depreciate. They actually sold it around $16k-$17k and got much better profits.
The best cryptocurrency to invest is the one you possess and you can make the most out of it by timing your sales and purchases according to how market is behaving not how it will behave.
2) Risk exposure
Remember, “More risk means better returns”. It is the key to success in any kind of business. Take risks, experiment with your buying and selling, and enjoy what you end up with. Dealing in cryptocurrency is all about understanding the behavior of crypto market and then acting likewise.
When you see many people are willing to hold expecting a boost in market, do not go for these expectations and simply sell if you want to. Similarly, if people are all selling just because the prices soared to much wait for your chance until the price reaches the peak.
The moment it starts getting low, just sell and you will end up in better profits.
Recommended Reading: The Best Cryptocurrency Exchanges in 2018: A Crypto Market Guide
Best cryptocurrencies for 2018: A list of potential coins
Now after we have briefed you well about the best cryptocurrency strategies to earn profits, let us take you to the list of the best cryptocurrencies to invest in 2018.
Whatever you say, Bitcoin is the best cryptocurrency to look for in 2018. The way it took on the crypto market with its climb to $19k while giving millions in profits to those who had invested is awesome.
Even now, when there are so many ICOs in the market including some really well set cryptocurrencies, Bitcoin is still among the priorities of the investors. All the investors believe that eventually it might go even further than its previous $19k mark and might give them the profit they expected.
Not only it is the most expensive but also a small percentage change in its value can offer great value to the investors. For example if the prices increase by 1% in a day, the investors will get 160$ from each single Bitcoin without doing anything.
Ethereum is credited to overtake 20% market cap of BTC in late 2017. The sole reason behind Ethereum being the best cryptocurrency to invest in 2018 is the fact that it is actually backed by an online payment transaction system that serves as the basis of huge amount of online buying and selling.
While ethereum started off as low as $7 in the start of 2017, it ended up at over $400 in the closing days of 2017 thus making one of the most handsome profits for investors in crypto market. It did took of really nicely but soon it fell back and lost around a quarter of its value in terms of US dollars.
Ripple really paid off all the investors with huge amounts of profits in 2017. It is the most profitable currency for 2017 and is expected to work the same for 2018 too.
In terms of statistics, Ripple started off at $0.0065.
An overwhelming 37000% of profit!
Also in terms of market cap, it is second to bitcoin only with $142 billion. This means it will experience a significant climb in 2018 too!
Litecoin is the third most profitable coin in 2017 and is likely to remain the same for 2018 too. While it experienced an increase in value of nearly 5000%, investors have the similar expectations from it too.
The market cap of Litecoin is also significantly high around $13.2 billion, which shows its decent chance to improve a lot.
You can just take a good nap while your possession of Litecoin will keep on adding dollars in your wallet!
High price and a market cap of $9 billion means it is significantly a risky one to invest in.
But, I hope you remember, ”More risk means better returns”.
It is priced at around $1200 per coin and it is expected to shoot up in a similar fashion as bitcoin did.
A few thousand dollars invested in Dash right now may make you a millionaire at the end of 2018!
Monero is one of the safest cryptocurrencies to invest in 2018. While it costs around $300 per coin, you should not worry about losing much if you lose at all. It has experienced a solid growth over the years and now it has a market cap of $6 billion.
We suggest you to buy a few coins and wait what they turn up to be at the end of 2018.
The good thing about Nem coin is that it is not expected to depreciate. The reason behind it is the fixed number of coins. If you buy nem at around $1.67 right now, either you will make profit as Nem increases in value or the value will stay as it is.
For all those who like to invest safely,
Nem is a very good option. Right now, its market cap is around $1.5 billion and it is expected to increase in 2018 as well.
The last of the best cryptocurrency to invest in 2018 is the NXT coin. It is the cryptocurrency that is expected to give at least a profit of 500% in 2018 or even more. The reason behind it is it being backed by a blockchain network and payment processing platform that is expected to make huge profits in 2018.
Currently it has a market cap of over $0.5 billion and is being sold at $0.51 in crypto market.
In short you can invest in any cryptocurrency in 2018 and can earn huge profits as well till the time you remember, ”More risk means better returns”.