It’s no doubt that 2017 was a remarkable year for Bitcoin, the value of a single Bitcoin rocketed to almost $20, 000.
The movements of Bitcoin over the last year have paved the way for up-and-coming altcoins with cryptocurrencies proving every more popular.
We have taken a look at some of the top performers from 2017, looking at what the future holds and what these altcoins offer to online casino punters.
Seeing a massive 36 018% return in 2017, Ethereum is first on Fortune Jack’s list of altcoins to watch in 2018. In 2017, the coin overtook Bitcoin, which grew 9 162% compared to Bitcoin’s 1000%.
Ethereum is a well-known contender to Bitcoin, not only for its leading growth over the last year, but also for its functionality built on a blockchain with several applications and for being a remarkable investment tool.
Thinking of investing in Ethereum in 2018?
While Bitcoin has had a volatile 2017, Ethereum’s growth has been consistent, and it’s expected to reach new heights this year. Not only will its value grow, but so will the number of Dapps on its platform – leaving many excited about the prospects for ETH this year.
The second coin to watch in 2018 is the much talked about Ripple, which has a total market cap of more than $79 billion. The price of Ripple appeals to many, with one token costing as little as $2.05 at the time of writing, compared to $2,574.19 for Bitcoin Cash. Ripple has made remarkable progress in 2017, having the highest growth compared to all coins on this list – growing an unbelievable 36 018% last year. And in December, Ripple overtook Ethereum for the number two spot by market cap.
Thinking of investing in Ripple in 2018?
Ripple is known for being the centralised, bank-focused digital currency – but it’s not just a currency, it’s also a system on which any currency, including bitcoin, can be traded.
Founded by a fintech start-up, the number of XRP circulating is about 7 billion out of a maximum supply of 100 billion – larger than the other currencies on Fortune Jack’s list of coins to watch.
Launched in 2011 by a former Google engineer, Litecoin has been referred to as the silver to bitcoin’s gold, with a market cap of $13,161,359,753 and a total circulation of more than 54 million tokens. Popular for drastically reducing the time needed to confirm new transactions while insuring more inclusive use of the coin, this alternative to Bitcoin has a growing following of loyal supporters around the globe.
Thinking of investing in Litecoin in 2018?
Heavily influenced by bitcoin during its development, Litecoin is also one of bitcoin’s biggest global competitors. But, it’s also popular for having four times the total number of bitcoins that can be mined, with a lifetime cap of 84 million coins. On top of that, it has a faster block generation rate, thus offering a faster transaction confirmation. And it’s not just for developers or peer-to-peer transactions – LTC can be widely used, from purchasing a can of soda to buying property.
4. Bitcoin Cash
Having only been on the market since August 2017, and created as a result of a hard fork, Bitcoin Cash has earned the fourth spot on this list of coins to watch in 2018 – with an impressive total market cap of about $43 billion.
Each coin costs around $2 574.19 and investors are looking forward to seeing this newer coin outperform some of the bigger altcoins on the market.
Thinking of investing in Bitcoin Cash in 2018?
Bitcoin Cash is said to take over bitcoin this year since prominent Bitcoin figure, Craig Wright, recently announced his backing for BTH over BTC in 2018.
Many investors are now looking to altcoins like BTH for better returns, with Bitcoin Cash already beating bitcoin’s slow transaction times and high costs.
Having gained the nickname as ‘China’s Ethereum’, NEM is the currency popular for its POI (proof-of-importance) rather than a proof-of-work system.
NEM grew 29 842% in 2017, three times the amount than Ethereum did, with a market cap of more than $12.5 billion.
Thinking of investing in NEM in 2018?
Similar to what Bitcoin does with payments, NEM levels up with its “smart assets” – taking the appeal of bitcoin and applying it to all technological infrastructures.
From loans to health records, businesses see the need to invest more into their company’s digital structure.
And since anyone is able to use NEM, (yes, you don’t need to be a programmer to use it and NEM allows coding in any language!) the coin has fast-tracked its way onto the list of coins to watch this year.
If you’re looking to invest in one of the currencies on this list, market growth for altcoins in 2018 looks great.
Bitcoin’s “dominance” factor is currently only 37.5% – 52.5% down from a year ago when it exceeded 90%.
But remember, that no currency is protected from investors pulling out, laws changing, or the growing adoption of altcoins.
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