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 exponentially in value and marketshare.
Bitcoin isn’t the only hot crypto out there. Other big-ticket cryptos such as Ethereum, Bitcoin Cash, Dash, Litecoin, Monero, and Zcash 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 $0.65, so powerful. Well, although ripple is cheaper than 90% of the 100 most important cryptos, its massive market capitalization of roughly $24,000,000,000 (mid-2018) makes it the third largest cryptocurrency.
Featuring consistent volatility, liquidity, and relative stability, Ripple is among the best cryptocurrency to invest in 2018. Boasting a circulating supply of more than 39 billion coins, Ripple offers a tremendous float readily available to eager investors.
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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 best crypto to invest in 2018. At this very moment, Ripple’s price is performing much better than many of its major peers. Because many of the major cryptocurrencies are correlated, it helps to analyse their relative strength in order to make the best 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.
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In December 2017, most of the big boys experienced considerable volatility. Bitcoin, Dash, Litecoin, Ethereum, Bitcoin cash, and Cardano all pared gains while on the way to all-time highs. While many of these coins sold off between 2 and 8 percent, Ripple gained about 10 percent for the same period.
Cryptos are volatile, that’s for sure! A large red doji candle on the December 2017 daily chart formed after a massive 50 percent selloff. This mighty dip didn’t occur only in Ripple. A multitude of cryptocurrencies felt the pain – Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, etc. Many of these crashed more than 40 percent on that particular day (22 December 2017). Although Ripple didn’t sidestep this massive decline, it made a rapid comeback while the other cryptos were left in the dust.
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Let’s investigate more reasons why Ripple might be the best cryptocurrency to invest 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 make it a fundamentally-sound crypto to invest in.
The robust technology behind Ripple’s functionality is being adopted by many financial institutions. Through fostering a partnership with over half of the world’s leading banks and investment houses, Ripple is poised to become an indispensable part of international commerce. Strong relationships with Western Union, xRapid, the Saudi Arabian Monetary Authority, and xCurrent are the beginnings of a budding alliance with the power players of global finance.
Ripple is Incredibly Fast and Cheap
Ripple’s incredible transaction speed makes it a winner in the cryptocurrency industry. Compared to Bitcoin, Ethereum, and Litecoin, Ripple is light years ahead when it comes to processing transactions on its network. Unlike Bitcoin, transaction congestion on the Ripple network is non-existent.
Concerning cost, Ripple is a clear winner with its average transaction fee of about $0.0005. Of course, as with most things cryptocurrency-related, fees and costs are subject to decrease as technology advances.
Ripple was designed to handle large transaction volumes. While the likes of Bitcoin, Ethereum, Litecoin, and Monero cannot even handle 100 transactions per second, Ripple is able to process 1500 transactions per second. New technology is on the horizon that will increase Ripple’s capacity to tens of thousands of transactions per second in the near future.
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 the international money transfer processes.
By using Ripple, banks and financial institutions 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!
Is Ripple The Best Cryptocurrency To Invest In 2018?
Ripple is a pretty impressive cryptocurrency with many useful applications. When compared to Bitcoin 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. The longer-term outlook for Ripple is also strong and investors should not be amazed if consistent growth takes place over the next five to 10 years.
Let’s see if Ripple will take out the $10.00 level in 2018. To get your share of Ripple’s action, open an account with a great crypto broker today.