Bitcoin has become a major talking point among friends, family and coworkers. The chances are that by now you have heard of Bitcoin, even if you never tried learning about cryptocurrencies. This is because its underlying technology – blockchain – is so revolutionary yet very few understand it. Those who did invest just 1 year ago would have made an astronomical amount of money. Even after its recent dip, Bitcoin is up 700% over the past year. The increased demand for cryptocurrency in 2017 surged its prices significantly, making it an incredible year for the cryptocurrency space.
It’s easy to feel as though you’ve missed the train on the cryptocurrency craze, particularly if you didn’t invest in 2017 or earlier. After reading this article, you’ll realize you aren’t too late. Bitcoin is the largest and most valued cryptocurrency in the world with a cost of over $8,300 USD for 1 at the time of writing (March 19th). This high price tag creates a firm barrier to entry for those new to cryptocurrencies and for this reason Bitcoin is not included in our list. In addition, the ‘alternative cryptocurrencies’ may actually feature more in the future, surpassing Bitcoin for various reasons such as transaction speed and fees. Bitcoin, being the first cryptocurrency, is referred to as a ‘first generation cryptocurrency’. It has laid the foundation and platform for the second and third generation of cryptos with even more advanced technologies.
By now you may be wondering what these next generation cryptocurrencies are. Which will be the next crypto that can make you bitcoin-like returns? Our team has shortlisted the top 5 best and most promising cryptocurrencies to watch in 2018.
1. Cardano (ADA)
Currently ranked 6th largest crypto with a market cap of $4,053,178,937 USD.
Cardano describes itself as a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. A smart contract is a computer protocol intended to digitally facilitate, verify or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible. Cardano has been dubbed the ‘Ethereum killer’. They are often compared because of similar features, mainly the ability to execute smart contracts. Furthermore, the previous CEO of Ethereum is a co-founder of Cardano. Cardano has the potential to replace Ethereum as the most preferred blockchain platform.
Cardano is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers”. Cardano is therefore unique in its approach to blockchain and cryptocurrency and it has plans of dominating the crypto-space. It offers a blockchain environment that supports financial applications in an efficient and secure way with an architecture that considers both users and regulators. In addition, it plans to offer e-commerce providers a structure whereby they can operate with the benefits of the blockchain while ensuring compliance with the relevant rules and regulations. This positions perfectly Cardano for mass adoption.
Cardano’s framework is still in development and it will take time for it to deliver on all its promises. Cardano is one to watch in 2018 as it rolls out its features and becomes adopted by industry.
Cardano has a very large total supply of 31,112,483,745 ADA. Currently priced at $0.156330 with an all time high of $1.33 on 04/01/18.
Over the last 6 months, it has given a return of 725%.
Within 6 weeks, between November 25, 2017 and January 4th,2018 it rallied 4,333%.
2. NEO – An Open Network For Smart Economy
Currently ranked 7th largest crypto with a market cap of $4,052,457,500 USD.
Formerly known as ‘Antshares’, Neo is often called the ‘Ethereum of China’. It is very much like Ethereum but it also supports decentralized commerce, identification, and digitalization of assets. It closes loopholes that have caused Ether contracts to be vulnerable to hackers.
NEO currently has 40 ICOs in line for 2018 and many more in the pipeline. The NEO cryptocurrency is required in order to participate in an ICO on its platform thereby creating in an increase in its demand. This will drive its price upwards, making it an attractive investment for investors. NEO also pays out a 5-7% dividend in the form of GAS, the 56th largest cryptocurrency by market cap with a current price of $23.59. As the crypto market and NEO grows, the price of GAS will increase, creating the opportunity for exponential gains on your dividends. The opportunity is hard to ignore.
Comparing NEO’s block confirmation speed to Ethereum’s, the latter has a theoretical 30 TPS, while NEO has a theoretical 10,000 TPS. This means NEO has much more functionality and real world use cases.
With Ethereum, anyone can create an ICO. This freedom, of course, would create risks of scamming. NEO provides a barrier to entry for its ICOs, with a requirement of 500 GAS to launch a smart contract. This is one of many filters the NEO Council implements to ensure that only high-quality business ideas saturate its blockchain.
Neo’s vision of the future
Neo aims to support a smart economy using digital identity technology to allow for the digitization of assets and, like Ethereum, supports smart contracts, which allow for the management of those same assets.
Smart Economy = Digital Assets + Digital Identity + Smart Contract
Digital Assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries.
Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form. The NeoContract smart contract system is the most prominent feature of the seamless integration of the existing developer ecosystem.
When it was it founded and where has it reached
Neo started in 2015 and is now one of the leaders of the space. NEO has already has ICO’s on its platform and is moving very fast. NEO is one to watch in 2018 as more projects choose NEO’s blockchain and NEO moves closer to achieving its ‘Smart Economy;.
NEO has a very reasonable total supply of 100,000,000 NEO. Is currently priced at $75.92 with an all time high of $196.85 on 15/01/18.
Over the last 12 months, it has given a return of 48,256%.
3. EOS – The Most Powerful Infrastructure for Decentralized Applications
Currently ranked 9th largest crypto with a market cap of $3,428,573,257 USD.
EOS is blockchain-based decentralized operating system which will enable businesses to build blockchain applications in a way similar to web-based applications. Elimination of transaction fees and scalability are two major advantages of the software.
EOS runs its own blockchain architecture, designed to enable “vertical and horizontal scaling of decentralized applications”. This means that EOS’s system is designed to scale, is capable of supporting accounts, authentication, databases, asynchronous communication and any type of application on top of its blockchain, processing millions of transactions per second at nearly zero cost.
Owning a portion of EOS is equivalent to owning a claim on the server resources. Some say EOS will reign as one of the top ‘alternative coins’ for its high potential and its coverage of many areas including storage capacity.
It’s definitely worth noting here that CTO of EOS is Dan Larimer – renowned as one of the technical leaders of the blockchain space. EOS is his third blockchain-based business. Dan also founded Steem and Bitshares, ranked 28th and 36th by market cap respectfully. Many investors are backing Dan to deliver with EOS.
In addition, EOS has already raised over a billion USD and will be a force to be reckoned with in 2018. With the backing that EOS has and the ecosystem it is creating, it would come as no surprise if EOS were to become one of the leaders of the blockchain space in 2018 and beyond.
When it was it founded and where has it reached
EOS is running a unique ICO. It commenced its token distribution on June 26, 2017 and will last 341 days. EOS is still in development and is expected to launch in the Spring of 2018. EOS is one to watch in 2018. When it launches and allows Dapps to be build on its platform, it’s going to give serious competition to etherium and other blockchains.
EOS has a large max supply of 1,000,000,000 EOS.
Currently priced at $6.20 with an all time high of $18.71 on 13/01/18.
Over the last 9 months, it has given a return of 600%.
Within 8 weeks (between November 13, 2017 and January 13th, 2018) it rallied 1,585%.
4. Nano – Digital currency for the real world, the fast and free way to pay for everything in life.
Currently ranked 19th largest crypto with a market cap of $1,072,183,692 USD.
Formally known as Raiblocks, Nano aims to be an efficient alternative to fiat currencies and even bitcoin. Many cryptocurrencies have struggled to find a viable solution to the scalability problem of the blockchain. Nano addressed the issue head-on with technology that differs from the blockchain and has its own unique code called ‘block-lattice’. This allows NANO to theoretically do instant transactions with zero fees while being infinitely scalable.
Nano has a few major use cases. Firstly, Nano can be used as an Ideal Trading Pair. Its instant and zero-fee transactions make it ideal for cryptocurrency traders. Secondly, Nano can be used Peer to Peer allowing quick payments to friends and family who use it, whether it be to pay rent or to split a taxi fare or a bill. Thirdly, Nano can be used for Micropayments. Use Nano to pay small amounts for digital asset rights, content subscriptions and more. Finally, from a Business to Customer perspective, seamless checkouts are right around the corner with Nano, whether in store or online.
Recently, NANO also received a major endorsement from Twitch, owned by Amazon and one of the major game streaming providers globally. This came after Twitch allowed NANO’s coin to be used for payment on its platform.
NANO may have solved many of the problems of the blockchain based cryptocurrencies such as Bitcoin and Litecoin. Based on its features, it has the potential to be a truly usable form of digital cash, much like what Bitcoin was intended to be.
NANO has a very reasonable max supply of 133,248,290 NANO.
Currently priced at $8.55 with an all time high of $37.62 on 02/01/18.
Over the last 4 months, it has given a return of 5,638%.
Within 4 weeks, between December 2nd, 2017 and January 2nd, 2018 it rallied 16,371%.
As the last coin on our list of 5 coins to watch in 2018, we have decided to throw in a wildcard. A relatively unknown coin with a small market cap but huge potential. It was very hard to choose just one. We looked at Enjin Coin, Blockv, Sirin Labs Token, Bluzelle and many others but the one we went for is the:
5. ARtoken by Cappasity.
Currently ranked 317th largest crypto with a market cap of $18,600,071 USD.
Cappasity is a decentralized AR/VR ecosystem for the exchange of 3D content with the vision of becoming the premier platform for creating, buying and selling 3D digital assets.
As Cappasity explains on their website, “ We believe the AR/VR revolution will be driven by content creators. That’s why we are introducing the first platform that leverages blockchain infrastructure to create, rent and sell 3D content. This approach ensures decentralized and trustless copyright storage and content exchange within the AR/VR ecosystem. Cappasity utility token (CAPP) is issued as a digital payment vehicle that facilitates AR/VR/3D content exchange among the ecosystem participants from all over the globe ”.
Cappasity is what happens when VR/AR meets the blockchain. Both of these industries are in their infancies but are poised to disrupt industries and change the world over the next few years. Cappasity is a long term play but when the VR/AR revolution occurs, Cappasity is very well positioned to be a leader.
When they began and where they are now
Cappasity was founded in 2013 as a AR/VR company. It raised 2.3M USD in VC funding and already has over 114,000 users. It identified the revolutionary potential of the blockchain integrated it to its core business. Compared to the startups in the blockchain space, Cappasity is ahead of most in turning their idea into a thriving business. It has already launched its platform and 3D digitizing software as well as its mobile app. Cappasity is one to keep an eye on in 2018 and beyond. After the ICO and cryptocurrency hype fades, people to invest in blockchain startups with strong business fundamentals. Cappasity is exactly that.
Cappasity has a total max supply of 438,686,537 CAPP.
Currently priced at $0.055072 with an all time high of $0.52111on 05/01/18.
Over the last 3 months, it has given a return of 153%.
Within 4 weeks, between December 15, 2017 and January 15th,2018 it rallied 2,531%.