Cryptocurrencies are here to stay. 2018 Is as we expect going to be the year that a lot of people will gain more wealth due trading cryptocurrencies.
On January 15 2018, Wall Street bankers will receive their bonus over 2017. What coins would possibly attract them to invest in? In other words: in what coins should you invest WITH them? We have made this top 5 and no, Bitcoin is not one of them.
This is a speculative post. We don't give any advise on investing or trading any of the here mentioned assets. Please note that you are taking the risk on your own. Coinissimo can not be held accountable when you lose your money. Only trade or invest with money you can afford to lose.
5. Ethereum ($ETH)
Currently Ethereum is the second largest currency and it has to be added to this list. The best thing (and the main difference) with Bitcoin is the support for smart contracts. When compared to Bitcoin, a sole currency, Ethereum is so much more than that. Its tech - the blockchain - is not only suitable for fast money exchange (Ether) but also for connecting applications to the network.
A small list of possibilities the Ethereum blockchain covers:
- Ethereum has a high “immune” system where a third party can’t make changes to any data.
- It has proven itself that is corruption free because of the impossibility to make any censorship.
- Apps connected to Ethereum rarely, almost never go down and cannot be shut down.
- You can use ethereum for fundraising with the use of smart contracts for various projects.
- Ethereum has no limit in Megabytes
- It is easier to mine Ether tokens, it takes about 14 seconds compared to bitcoin where it takes longer than 4 hours
- The algorithm that is used to mine Ether tokens is called “ proof of work” and successfully avoids hacker attacks.
Ethereum is the second largest coin compared to marketcap. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general idea is, in order to have things transferred or executed by the network, you have to consume or burn Gas. The cryptocurrency is called Ether and is used to pay for computation time and for transaction fees.
In 2017 the price surged from $10 to $1100. Check the current price here
4. OmiseGO ($OMG)
Give OmiseGo some time and we are sure that it will be on of the most promising crypto-projects. Omise is an existing company in Asia and has a strong team backing it, including the founder of Ethereum Vitalik Buterin. OmiseGo has some very promosing partnerships with Asian Banks.
Here’s what OmiseGo is:
- OmiseGo is a blockchain-based decentralized exchange. An OmiseGo wallet can hold many different kinds of currencies and assets including fiat and crypto and the blockchain facilitates real-time asset transfer and conversion.
- The central OmiseGo asset is Ether. Ether will have trading pairs with every other asset for exchange liquidity and efficiency. If every asset on OmiseGo had a trading pair with each other, less popular pairs will be highly illiquid with abysmal spreads.
- OmiseGo’s blockchain uses an Ethereum smart contract to store the decentralized exchange’s Ether reserves.
- OmiseGo is a proof of stake blockchain, with wallets earning fees from the completed exchange orders in blocks they validate.
- OmiseGo targets the long tail of eWallet platforms (i.e. Venmo, Alipay, Paytm, Omise) and provides them with a central clearing house where they can interoperate with each other. eWallets are unwilling to use centralized clearing houses such as SWIFT and ACH since this requires significant trust-related overhead costs. OmiseGo will provide an SDK for the eWallet platforms to build wallets on OmiseGo’s blockchain
- OmiseGo will be a super fast, super cheap decentralized exchange that facilitates the real-time exchange of all sorts of digitized currencies and assets
OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network, and asset-backed blockchain gateway. OmiseGO is not owned by any single one party. Instead, it is an open distributed network of validators which enforce behavior of all participants. It uses the mechanism of a protocol token to create a proof-of-stake blockchain to enable enforcement of market activity amongst participants.
3. Ripple ($XRP)
Contrary to almost any other currency in the Top 100 CryptoCoins, Ripple is not a decentralized network but managed by one party. You can see of Ripple as a payment service created for large oversees transactions. By cooporating with big boys like American Express and Banco Santander the value of Ripple has risen in the last few months of 2017. Currently at the number 3 hotspot in the Coinissimo Cryptocurrency Marketcap.
- built-in currency exchange
- no need to mine
- alias system (users known by nicknames rather than gibberish numbers)
- ability to issue your own IOU (aka colored coins)
Great animated GIF from twitter about how fast transactions are taken care of compared to other cryptocurrencies:
— Ripple (@Ripple) 22 december 2017
2. Verge ($XVG)
What makes a good coin great? Privacy! There are not a lot of coins that preach privacy amongst the top 100 crypto's. #Verge is a coin that is comparable to #Monero. They both aim for the best privacy of its users.
But why Verge and not Monero on the number 2 spot in our Top 5 for 2018? Well, the wonderful people at Steemkr.com couldn't have said it better than this:
- Personal privacy is almost non existent in most current crypto offerings. Verge solves this.
- Verge uses multiple anonymity-centric networks such as Tor and I2P. The IP addresses of the users are obfuscated and the transactions are completely untraceable.
- Transaction speeds in less than 5 seconds.
- Supported by John McAfee. You may think he is a nut-job but when it comes to security and forward looking vision, he is the man.
- The coin is already listed on 16 exchanges so no concern over liquidity and purchases. As the market evolves and more exchanges are offered, Verge will be quickly listed on others.
- 7 different wallets to choose from all enabled with the best security and anonymity features.
- Verge is a decentralized currency based on an open-source platform. There is no central control over the coin.
- No pre-mined coins or ICOs. Not that I am totally against pre-mined coins or ICO's I just feel the natural course is more conducive of future growth.
- Verge offers Tor wallets with mobile anonymity which is unique among privacy oriented coins.
- I will be able to sleep better at night knowing that everyone in the world cannot see my wallet or know exactly how much I have. Hackers are tricky and cunning and if you don't think they can maneuver through the current crypto environment security features with relative ease, you would be mistaken.
This graph shows you the latest price for #XVG:
1. Tronix ($TRX)
Tron is a blockchain-based protocol for a free content entertainment system, allowing each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem. Tronix is an ERC20 token based on the Ethereum blockchain, acting as the basic unit of account on the platform. Currently the price is trading at around $0.11.
So, why is #Tronix the number 1 in our top 5? Well, here are a few things you need to know about the founder Justin Sun:
- Founder of Peiwo app,
- Former representative of #Ripple in China,
- 2015 Forbes China (30 under 30)
- 2017 Forbes China (30 under 30)
- ..and: Protégé of Jack Ma, the Founder of Alibaba Group.
When you are investing in a public company, you will have to know who is behind it so you review the members of the board, the advisors, check the financials they released, press releases are read, etc etc.
Tron(ix) is run by a person with a great resumé. This gives us a lot of confidence.
On top of that, Mr Justin Sun stated on Twitter that Tron Network has signed a partnership with Boafeng Group - the Chinese netflix:
We #TRON are proud to announce the partnership with Baofeng group. Baofeng, aka Chinese @netflix, boasts more than 200 million users as a video portal giant and has achieved 8 billion CNY listing in Shenzhen stock exchange (300431.SZ). https://t.co/f9MJZcmSDD #TRX $trx pic.twitter.com/jZJF32mmvi
— Justin Sun (@justinsuntron) 10 januari 2018
And this tweet was posted a little later:
I just published “Baofeng and TRON — Opening a New Era of Blockchain-Based Online Entertainment” https://t.co/5A17RqGmR9
— Tron Foundation (@Tronfoundation) 10 januari 2018
And as of January 12, Justin Sun tweeted having a new whale joining the #TRX team:
— Tron Foundation (@Tronfoundation) 12 januari 2018
Conclusion: in which cryptocurrency can I invest?
So, bottom line.. If you are looking for a short term gain you might want to step in to the cheapest coins you can find and after buying you should open a sell order at a higher price.
If you are looking for a longer term investment, Tron could be the one you are looking for. The team is backed by Justin Sun who has a resputable career already. The Tron network has a very big customer in Boafeng Group with over 200 million users.
So why isn't #Bitcoin in this Top 5? Well, to be honest there is more than one reason:
- Too slow
- Too high price per BTC
- Too high transaction cost
- No smart contracts
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This is a speculative post. We don't give any advise on investing or trading any of the here mentioned assets. Please note that you are taking the risk on your own. Coinissimo can not be held accountable when you lose your money.
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