Top Cryptocurrencies for 2018: What are the best bitcoin options?

Important: This term should not be considered as an investment council. The author focuses on the best currency in terms of actual use and acceptance, not from a financial or investment point of view.

In 2017, cryptographic markets set new standards for general profit. Almost every piece or chip returns with incredible income “a rising tide throws all the boats,” as they say, and the end of 2017 was flooded. The price increase has created a positive reaction cycle, attracting more capital to crypto. Unfortunately, but inevitably, this story leads the market to a huge investment. Money has been thrown indiscriminately at all kinds of dubious projects, most of which will not bear fruit.

In the current bearish environment, hype and greed are replaced by a critical appraisal and discretion. Especially those who have lost money, marketing promises, endless shilling and charismatic rhetoric are no longer enough. Well, the primary reason to buy or hold a coin is again Paramount.

The basic reasons for evaluating a cryptocurrency-

Here are some of the reasons why at least in the long run hype and price pumps win:

Adoption angle

While any cryptocurrency or ICO business plan may seem surprising to technology users, they are simply dead projects. It is often forgotten that widely accepted is an essential feature of money. In fact, it is estimated that more than 90% of the value of Bitcoin is a function of the number of users.

While the acceptance of fiat is vested in the state, the acceptance of cryptography is perfectly voluntary. Many factors play a role in the decision to accept a coin, but perhaps the most important consideration is the likelihood that others will accept the coin.

Protection

Decentralization is essential for the true cryptocurrency i model. Without decentralization, we have something closer to a register scheme than a real cryptocurrency. Trusting an individual or organization is the problem a cryptocurrency tries to solve.

If the record of a transaction can be changed by breaking a currency or a central regulator, it raises questions about its initial security. The same applies to parts with uncertified code that have not been thoroughly tested year after year. The more you can rely on the code to act as described, the less the impact, the greater the security of the currency.

Innovation

Legitimate currencies try to improve their technology, but do not spend protection. Real technological advancement is rare because it requires a lot of skill and wisdom. Although there are always new ideas that make sense of it, if it puts the weakness or critics of the original purpose of the currency in mind, it misses the point.

Evaluating innovation can be a difficult factor, especially for non-technical users. However, if a currency code is stagnant or does not receive updates on important issues, it could be a sign that developers are weak about ideas or inspirations.

Stimulation

The economic incentives included in a currency are easy for the average person to realize. If a currency has a huge pre-mine or an ICO (initial part offer), the team was a significant partner in the chips, but it is clear that the main motivation is profit. You play your game by buying what the team offers and enrich it. Be sure to provide a clear and reliable value in return.

Bought 5 cryptocurrencies in 2018

There has never been a better time to re-evaluate and balance a cryptographic portfolio. Based on their solid foundation, here are five pieces that I think would be better to stick to or buy at their current depressive prices (which, just caution, can go low).

# 1 Bitcoin (due to decentralization)

The number one belongs to Bitcoin (BTC), which tops the market in all segments. The highest price of Bitcoin, the broad concept, most of the security (due to the extraordinary energy consumption of Bitcoin mining), the identity of the most famous brands (forks have tried to fit), and most of the developments are active and rational. It is the only piece today that represents the traditional cryptocurrency markets in the form of Bitcoin Future Trading at American CME and CBOE.

Bitcoin remains the main engine; The performance of all other parts is highly correlated with the performance of Bitcoin. My personal expectation is that the gap between Bitcoin and most other parts will widen.

There are several promising innovations of Bitcoin in the pipeline that will soon be installed as an extra layer or soft fork. Examples are the flash system (LN), the tree, the snowball signature, the Mimble Wimbledon and much more.

In particular, we plan to open a new range of applications for Bitcoin, as it allows for larger scales, microtransactions and instant and secure payments. As LN grows increasingly stable, users test their various possibilities with real bitcoin. As it becomes easier to use, the acceptance of Bitcoin can be assumed to have a lot of benefits.

# 2 Litcoin (due to his perseverance)

Litcoin (LTC) is a different hash algorithm cloning Bitcoin. Although Litcoin no longer has the anonymous technology of Bitcoin, surprising reports have shown that the adoption of Bitcoin in dark markets is now the second, only Bitcoin. Although I have a coin that is much more suited to the role of acquiring illicit goods and services, it probably presents itself as the result of the longevity of litcoin: it was introduced in late 2011.

Another thing for Litcoin is that it integrates Bitcoin Segvit technology, which means Litcoin is ready for LN. Litcoin can benefit from the exchange of nuclear chains. In other words, peer-to-peer trading of currencies is secure without the participation of third parties (i.e. exchanges). Since Litcoin’s code is essentially synchronized with Bitcoin, it is in a good position to benefit from Bitcoin’s technological advances.

# 3. Etherium (due to intelligent contract)

Etherium (ETH) has some big problems right now. First, governments are cracking down on ICOs, and rightly so: many have become fraudulent or bankrupt. Since most ICOs run on Etherium networks as an ERC token 20, ICO Mania has taken a lot of the price of Etherium in recent years. Etherium project scandals could demand a certain legitimacy as a crowd relief platform if appropriate regulations are adopted to protect investors.

The second major problem facing Etherium is a new hybrid work and delayed transfer to the battery detection system. Etherium Mining GPU is currently profitable, but Bitcoin has just announced Etherium ASIC Minor, which is likely to have an impact on the lower line of GPU miners. It remains to be seen what power-change this will bring and how successful this change is going to be

If Etherium could handle these two major problems – control and excavation – it has shown a great resilience. Otherwise, there are several competing currencies tracking its shades, such as Etherium Classic (etc.), Cardano (ADA) and EOS.

# 4 Moniro (due to his name being revealed)

Although its acceptance in the dark markets is not all that can be expected, I (XMR) have maintained the privacy of the Prime Minister. His reputation and market capitalization are still higher than those of his competitors – and for good reason.

Moniro’s code requires less confidence that Jankash was “loyal” to the original show, and had a smooth start as opposed to Dash. That Moniro recently changed its footing to overcome the development of a smaller ASIC for its algorithm that confirms the promise of part of the decentralization of mining. There has been a significant reduction in the hash rate due to the new version, which has been consistently reported against ASIC. It can be an opportunity to get back to me with GPUs and even smaller CPUs. The new version of Monroe, 0.02, also has other improvements that show Monroe continues to grow along sensitive lines.

# 5 IPAranto (a decentralized incubation platform)

IPAranto is an incubation platform Etherium Chain that seeks a safe and reliable platform for investors to invest in new ideas and future innovators who can present their ideas and receive feedback from users, experts in the field of practice and implementation of emerging ideas.

If the client’s business idea is with the committee for testing and registration on the platform, the idea is supported by the expert platform and the customer’s smart contract format as NES is signed. The idea will not be published on the chain’s public platform for all users. Willing to sign smart contracts to maintain the confidentiality of the concept.