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The second cryptocurrency in terms of market capitalization differs from Bitcoin primarily in its purpose. Bitcoin is a means of storing and accumulating capital, while Ether is created for work on the Ethereum network, in which users have access to working with smart contracts and developing DApps. Also, the cryptocurrency is in partnership with one of the largest non for profit alliances, the Enterprise Ethereum Alliance , consisting of financial and technology companies and funds, including the Russian Sberbank . According to investors, the Ether rate this year will overcome the $2,000 mark and during 2018 will lean closer to $5,000.
Price: $ 838
Daily trading volume: $ 2.2 billion
Growth rate for the year: $ 11 — $ 838
Volume of coins: 97,585,773 (current volume)
Litecoin LTC
If Bitcoin is digital cryptology gold, and Ether is digital oil, then Litecoin is digital silver.
The coin that appeared as a result of the Bitcoin network’s hard fork was founded by the famous developer Charlie Lee as a way to solve the problems existing in Bitcoin . Since its inception, Litecoin has had a higher transaction confirmation rate, lower commission fees and increased storage efficiency.
In 2018, the Litecoin team has many plans, for example, the creation of new payment services LitePay and LitePal . According to investors, before the end of the year the Litecoin rate will be at the level of $1,000 per coin.
Price: $ 159
Daily trading volume: $ 519.6 million
Growth rate for the year: $ 3.72 — $ 159
Volume of coins: 84 million
Monero XMR
The Monero cryptocurrency was introduced in 2014 as a result of the Bytecoin hard fork. The main advantage of Monero is that it is a secure, untraceable and anonymous cryptocurrency, which ensures complete privacy for users.
This is possible by using the CryptoNote protocol, which is based on ring signatures. In 2017, the cryptocurrency was included to the top ten in terms of market capitalization.
However, among Monero critics, it is widely believed that this cryptocurrency is popular on the black market as it and other anonymous cryptocurrency are used for the sale and purchase of drugs and weapons. According to investors, the Monero rate will fluctuate between $470 and $530 by the end of 2018.
Price: $ 230.5
Daily trading volume: $ 42.7 million
Growth rate for the year: $ 12.
2 — $ 230.5
Volume of coins: 15,716,443 (current volume)
Ripple XRP
The Ripple protocol was launched in 2012 in China as a global system of mutual settlements in real time, which allows for money transfers and currency exchange. The goal of Ripple is to provide instant and secure financial operations around the world. Thus, Ripple becomes the main competitor of SWIFT or Western Union .
As for the cryptocurrency of the Ripple, it exists to maintain the platform and allows anyone to conduct financial transactions and exchange any other currencies. Experts predict that in 2018 Ripple will become the preferred cryptocurrency for conducting banking transactions around the world, and the rate will vary between $5 to $7.
Price: $ 1.03
Daily trading volume: $ 1.2 billion
Growth rate for the year: $ 0.006 — $ 1.03
Volume of coins: 100 billion
NEO
The NEO cryptocurrency is much like Ethereum , but many analysts are sure that NEO will become the platform for a future decentralized economy.
Launched in China in 2014, the NEO non for profit blockchain project is aimed at developing a decentralized “smart economy” designed to create and manage digital assets through smart contracts. The project is partnered with such companies as Microsoft China , Hyperledger and Alibaba . Also, the Chinese government is interested in introducing public digital identification services developed within the framework of the project.
Experts are sure that in 2018 the project will continue to develop, in connection with which the value of the accompanying cryptocurrency will grow, the rate of which by the end of the year will be between $200 — $ 250.
Price: $ 110
Daily trading volume: $ 192 million
Growth rate for the year: $ 0.12 — $ 109.57
Volume of coins: 100 million
Stellar Lumens XLM
The cryptocurrency of the Stellar-Lumens platform is heralded by experts as one of the most promising to date. In 2014, co-founder of Ripple Jed McCaleb , along with Joyce Kim , launched Stellar as an offshoot of the Ripple network. The Stellar platform provides real-time currency transactions. From the very beginning, the developers of the project noted that one of their goals is to adhere to the principle of maximum transparency.
The developments of the project have attracted the interest of such companies as Deloitte and IBM , and organizers of ICOs are beginning to transfer crowdsales to the Stellar platform. According to forecasts of analysts, in 2018 the XLM will overcome the mark of $1.00 and will grow to a value of $1.
25.
Price: $ 0.37
Daily trading volume: $ 60 million
Growth rate for the year: $ 0.
0021 — $ 0.
37
Volume of coins: 103,689,123,972
NEM XEM
The relatively young NEM cryptocurrency blockchain platform ( New Economy Movement ) confidently holds a leading position in the top twenty by market capitalization. Platform users have access to an encrypted messaging system and multi subscription accounts. The Eigentrust ++ reputation system also works on the same platform.
The NEM software was used in the open Mainet blockchain network and the commercial Mijin blockchain network is being tested by financial institutions and private companies in Japan . The COMSA platform, aiming for its ICO , is also based on the NEM platform. Analysts predict rapid growth and development of not only the NEM platform, but also the accompanying XEM cryptocurrency.
Price: $ 0.
55
Daily trading volume: $ 30 million
Growth rate for the year: $ 0.0066 — $ 0.55
Though the crypto market is still relatively new and lacks many of the traditional institutions of a civilized market, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies . Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs.
Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.
The Most Reliable and Promising Cryptocurrencies in 2018: was originally published in Cryptics on Medium, where people are continuing the conversation by highlighting and responding to this story. .
