Best Cryptocurrency to Invest in 2018
Cryptocurrencies. Who would have thought this unique and powerful asset class (using blockchain technology) would have such a cosmic impact on the modern financial world? Since the first day bitcoin was traded, it has grown hundreds of millions percent.
Bitcoin isn’t the only hot crypto out there other big-ticket cryptos like Ethereum, Bitcoin cash, Dash, Litecoin, Monero, Zcash and numerous other coins have also rocketed higher. Let’s try to answer the million Bitcoin question - what is the best cryptocurrency to invest in 2018?
Cheap and Full of Potential - Ripple (XRP)
You might be wondering what makes Ripple, which is trading at about $1.13, so powerful. Well, although ripple is cheaper than 90% of the 100 most important cryptos, its massive market capitalization of roughly $50,000,000,000 (end of 2017) makes it the fourth largest cryptocurrency.
In 2017 Ripple gained about 17,000 percent as its price escalated from $0.006523 to $1.13. That’s almost 12 times the return of Bitcoin which gained a respectable 1446 percent and almost three times as much as litecoin’s 5835 percent.
Of course, that’s not the only reason we like Ripple for a blazing cryptocurrency investment in 2018. At this very moment, Ripple’s price is performing much better than all its major peers, relatively speaking. Because many of the major cryptocurrencies are correlated, it helps to analyse their relative strength in order to make the best crypto investment decision. Remember, we’re not looking at which crypto will gain the most dollar value in the next year. It'is all about the potential percentage gain that may be achieved.
TIn December 2017, most of the big boys lost some ground. Bitcoin, Dash, Litecoin, Ethereum,Bitcoin cash, and Cardano all gave back some gains. Their losses were roughly between 2 and 8 percent. In the meantime, Ripple gained about 10 percent. That’s just one day’s price action, though. What’s even more exciting is the aggressive uptrend we see on Ripple charts. Let’s check out a daily candlestick chart:
Ripple, Daily Chart (by eToro)
Cryptos are volatile, that’s for sure! The large red doji candle in this chart formed after a sharp 50 percent selloff is massive.
This mighty dip didn’t occur in Ripple (XRP) only, though. A multitude of cryptocurrencies felt the pain - Bitcoin, Ethererum, Litecoin, Dash, Bitcoin cash, etc.
Many of these dipped more than 40 percent on that particular day (22 December 2017). Although Ripple didn’t sidestep this massive decline, it is making a mighty comeback while the other cryptos are still coughing in the dust.
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Let’s investigate more reasons why Ripple might be the best cryptocurrency investment in 2018:
The Ripple Network is Robust and Secure
The Ripple network is ultra-reliable and secure. The Ripple network’s stability greatly encourages confidence in it and in the Ripple cryptocurrency itself. With much fewer issues than its big brothers, bitcoin and ethereum, ripple’s straight-forward and smooth functioning makes it a fundamentally-sound crypto to invest in.
Ripple is Incredibly Fast and Cheap
Ripple’s incredible transaction speed makes it a winner in the cryptocurrency industry. Compared to Bitcoin (BTC), Ethererum, and Litecoin, Ripple is light years ahead when it comes to processing transactions on its network. Unlike with bitcoin, transaction congestion on the ripple network is non-existent.
Concerning transaction cost, Ripple is a clear winner with its average transaction fee of about $0.0005.
Ripple was designed to handle large transaction volumes. While Bitcoin, Ethereum, Litecoin, Monero, and many others cannot even handle 100 transactions per second, Ripple is able to process 1500 transactions per second. Ripple is implementing new technology that will increase this number to tens of thousands of transactions per second soon.
Ripple’s Impressive Institutional Applications
Ripple is much more than just a cryptocurrency. Because of its impressive transaction speed, high scalability, and stable network, it is the perfect instrument to improve international money transfer processes.
By using Ripple, banks and financial institutions can gain access to on-demand liquidity and are empowered to perform real-time global payments. Where international bank transfers used to take several days to complete, it can be done almost instantaneously with Ripple. What a revolution!
Ripple is a pretty impressive cryptocurrency with many useful applications. When compared to Bitcoin (BTC) and many other popular cryptocurrencies, Ripple is much more stable. With Ripple, there are no hard forks and unnecessary politics. Its cheap transactions also add to its appeal.
Ripple’s technical and fundamental analysis both suggest that its incredibly strong uptrend will continue in 2018. Of course, the longer-term outlook for Ripple is really good as well and investors should not be amazed if consistent growth took place over the next 5 to 10 years.
Let’s see if Ripple will take out the $20.00 level in 2018. To get your share of ripple, open an account with a great crypto broker today.