Five cryptocurrencies with the greatest potential in 2018

It was the year of Bitcoin, to put it bluntly. Even after the first major correction after a long period of time, the mother of all cryptocurrencies has gained a good 1,500 percent in value over the past twelve months – from 816 dollars to a peak of 19,881 dollars. The rise of the cyber currency against the US dollar and other internationally recognized currencies is therefore impressive. This has also attracted the attention of the media and the public.

Bitcoin futures have also been traded on the major US futures exchanges for a good two weeks now. According to CNBC news agency CNBC, Coinbase, the largest crypto exchange based in the United States, has gained a good 100,000 new customers following the launch of its first futures contract at the Chicago CBOE. A further indication that Bitcoin is on its way to becoming a recognised global currency, even if some central bankers and politicians do not want to let this stand still and do not miss an opportunity to deprive us of the idea of a currency that is not controlled by institutions.

In addition to bitcoin, there are also numerous other cryptocurrencies, known as altcoins (alternative currencies), which represent an interesting investment opportunity in the coming year, but are not yet as much in focus as bitcoin or ethereum, for example. That’s why I’ve listed some of the cryptocurrencies that are on my watchlist in the coming year and where I think there’s upside potential:

1. Substrate – Decentralizing the Web

Substrate aims to decentralize the Internet and thus enable free access to content. The developers want to use it primarily to combat censorship of the Internet, as in China, for example. The Internet offers many interesting possibilities for everyone and everyone should be able to use it. However, withholding information is often not possible.

The Substrate Network is designed to provide users with access to hosting capacity from other users. The active participants in the network provide computing power and physical servers. In exchange, they are to receive substrate (SUB). This is also another interesting option if someone wants to earn passive income from the cryptocurrency market. In the future, there will no longer be a need for VPNs, as content is to be securely provided at every point in the world through this worldwide collection of peer-to-peer nodes. Substrate’s complex algorithm, based on artificial intelligence, computes the fastest way to deliver content to users, making the access process as fast and efficient as possible.

At the beginning of December, a substrate Coin was still available for 30 cents. In the meantime, the price of this Altcoin has surpassed the 1 dollar mark and most recently stood at 1.03 dollars. The market capitalization is approximately 231 million dollars. The novel cyber currency thus catapulted itself directly into the top 100 most valuable cryptocurrencies in the world.

In my opinion, there is a great deal of potential for the share price thanks to the new idea of decentralising the Internet. The team behind Substrateum also argues for rising prices. For example, the US-based start-up has been developing software solutions for top 100 companies such as Apple, Facebook, Disney, HP and many more for over a decade.

More information about substrate here…

 

2. OmiseGo – Unbank the Banked

Omise is currently one of the most promising projects in the universe for cryptocurrencies. The company, which is based in Asia, has a very special aura. Especially the development team around the founder of Ethereum Vitalik Buterin makes the project so exciting. In addition, a number of partnerships have already been concluded with major Asian companies.

Their promise is to solve the fundamental problems of finance. According to Coin-Hero, OmiseGO enables decentralized exchange of all types of assets via a block chain with fast speed and low fees, making the system the next generation value transmission service. It goes on to say:”OmiseGO is based on ethereum and is a decentralised system that enables trading in both cryptocurrencies and Fiat currencies. As if that wasn’t enough, the OmiseGO-Wallet is supposed to make payments all over the world.

Most recently, an OmiseGO coin cost about 15 dollars. At the beginning of the month the Coins changed owners for only 8 dollars. Market capitalization is over $1.5 billion. This puts OmiseGO in 25th place in the table of the world’s most valuable cryptocurrencies.

More information about OmiseGO here…

 

3. Golem – The world’s first supercomputer

Golem is said to be the world’s first decentralized supercomputer. The main task is to bundle all unused computing power to accelerate rendering. At the same time, everyone should be able to earn money by renting out their computing power and selling software, as long as they participate in the Golem network.
If the development team succeeds in making the latest promises come true, then Golem is certainly one of the best applications for blockchain technology.

Recently Golem cost 78 cents. Here too, the course has literally exploded in recent weeks. At the beginning of December the price for a golem was 30 cents. A total of just over 650 million dollars are currently circulating in this project.

More information about Golem can be found here…

 

4. Cardano

Cardano was created in 2015 by Charles Hoskinson and Jeremy Wood. The developers rely on a peer-to-peer network. Three billion people worldwide are to have access to accounts and other financial services. Like many other cryptocurrencies, Cardano is based on the blockchain technology. The aim is to create a new decentralised economy and democratise the financial markets in emerging countries.
According to Coin-Hero, the Cardano project is supposed to stand out from many other industries. It is openly addressing the need for regulatory oversight, which is currently a hot topic in the crypto universe, while preserving privacy and consumer protection through an innovative software architecture.
The development team, which consists of well-known figures from the blockchain industry, is also exciting here. The prerequisite for further price increases at Cardano (ADA) is now the implementation of the promises made by the developers.

The price for Cardano at the beginning of the month was just 12 cents. Meanwhile, the share price has almost tripled and most recently cost 41 cents. Market capitalization is more than $10 billion, making Cardano the seventh most valuable cryptocurrency in the world.

More information about Cardano here…

 

5. IOTA – The backbone of IoE

IOT/USD was developed in 2014 by David Sonstebo, Serguei Popov and Dominik Schiener and was first launched in June. In October, the price of the rising star was only around USD 0.30. Meanwhile, the value of IOTA has increased more than fifteenfold and at its peak cost almost 5.60 dollars.

The visionaries around Dominik Schiener want to ensure that machines communicate with each other and thus, for example, buy goods and pay for them with IOTAs. For example, if the butter is empty in the refrigerator, he automatically orders new butter and pays for it with IOTAs.

IOTA does not use the blockchain technology like almost any other cryptocurrency, but is based on the specially developed Tangle. There, each network participant must confirm transactions. So he himself becomes a miner. So there is no difference between miners and participants in the tangle. Moreover, the elimination of miners means that no transaction costs are incurred as is the case with Bitcoin. Above all, the high scalability makes the new cyber motto something special.

Here, too, if Dominik Schiener’s team should keep its promises and successfully complete the beta phase of the so-called marketplace, then the cyber currency will be facing golden times.
Market capitalization is now over $11 billion, making IOTA the sixth largest cryptocurrency in the world.

More information about IOTA can be found here…

 

More about cryptocurrencies at https://finanzmarktwelt.de/kryptowaehrungen/

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