T he start of 2018 wasn’t mostly lucky for cryptocurrencies…to say the least. The value of the market dropped to hit a low of $276 billion on February 6, compared to the all-time high of $834 billion in the early days of January.
However, many people consider this to be the best time to invest in crypto. And it’s only natural for everyone to look for the upcoming coinage breakout after the coup of Ethereum and LiteCoin last year. They have pioneered to look at altcoins for better opportunities as they are economical to purchase and the positive aspects could be massive. I believe that 2018 is going to be a massive year for crypto that will weave common people into millionaires.
There are more than 5000 digital currencies in the world and it is really difficult to identify the right cryptocurrency to invest. However, the future of cryptocurrency can be predicted by looking at their market cap and many other factors.
Let’s take a quick look at top five revolutionary cryptocurrencies with the highest potential in crypto space that you can get for less than 3 USD.
It’s going to be one of the most eminent Altcoins to kick-start 2018 and there has been a lot of uncertainty about how high it will go because of the overall marketplace contribution. This coin doesn’t need to attain the heights of Bitcoin, Ethereum, or LiteCoin to prove huge profits. Ripple’s XRP left all cryptocurrencies and ICO tokens in the dust in 2017.
This digital asset targets the financial area and shouldn’t be considered a cryptocurrency that is going to compete with Bitcoin. It proposes the benefits of blockchain tech through a centrally issued token, which makes it tempting to banks and other financial institutions. So far, it seems the marketplace is reacting fairly well to this asset, as it outshines the US$2.25 mark a few days ago. In 2017, XRP saw a whopping 36,018% gain. It’s an impressive number, although it remains to be seen what 2018 will get hold of.
Headlines have all been about how Ripple coin is going to be the significant cryptocurrency in 2018. Some of them are calling it the dark horse of 2018. If you are an XRP holder then you have heard of the mega-deals that have been signed between Ripple (XRP) and companies in China, Japan, and UAE. But the biggest news came from Saudi Arabia that XRP is all set to surge as they signed an agreement of $4 billion with SAMA.
Why is Ripple better?
The autonomous digital currencies are remarkably universal & facilitate fast settlement and this feature is useful for interbank settlement use cases to make liquidity provisioning less expensive & more scalable.
IOTA is a ground-breaking new and the next generation blockless distributed ledger that utilizes a fresh innovation called Tangle at its core. It’s a new data structure that is based on a DAG (Directed Acyclic Graph). As it has no Blocks, no Chain and also no Miners. Because of this innovative architecture, IOTA functions quite differently in comparison to other Blockchains.
The major difference that is worth mentioning (apart from the DAG vs. Blockchain) is how IOTA achieves consensus and how transactions are done as there are no miners involved in the transactions. What this signifies is that each participant in the network who wants to make a transaction has to actively take part in the consensus of the network by approving past two transactions. This attestation on the legitimacy of previous two transactions will make sure that the entire network achieves consensus on the current state of approved transactions, and it enables a variety of unique features that are only seen in IOTA.
- Zero Fee
- Infinitely Scalable
IOTA is one of the most interesting examples that are in the middle of the mystery of cryptocurrency world. It has surpassed the value of just over $4 billion to more than $10 billion. But that isn’t what makes it interesting. What makes it interesting is that it is not based on a blockchain at all; it’s something else entirely.
ICON is considered to be a massive scale network that allows different blockchain to get connected with each another through their protocol. Well, most cryptocurrencies don’t have ICON’s ability to link public blockchains like Bitcoin, Ethereum, Quantum & NEO. It is proficient to do this because it has a much different blockchain at the protocol level. It doesn’t follow conventional protocols that are found in Ethereum and other cryptocurrencies. The innovative new system utilizes its own proprietary LFT (Loop Fault Tolerant) consensus algorithm.
ICON is differentiated from its competitors by the actualities and capabilities of its network. The technology behind ICON is LFT (Loop Fault Tolerance) it’s an enhanced BFT (Byzantine Fault Tolerance) 32-based algorithm. The significant benefit of this technology is it comes up with faster consensus while ensuring the consensus without the possibility of forks within the network. In normal everyday terms, this means… “It rocks!”
Why is ICX Going To Be In the League?
ICON is shaping up to be one of the finest and highest potential projects of 2018 in the world of crypto. Their goal of becoming the leading blockchain in the world is extremely ambitious & with a handful of top talent and the alliances they have with South Korea based crypto exchange Coinone and San Francisco Ripple, seems like their goal is realistic.
Well, you may or may not be familiar with that South Korea is ranked among the top 5 in ICT (Information and Communication Technologies) and have the 11th largest economy in the world.
Beyond that, South Koreans are tremendously involved in the crypto investment space, where daily trading account for ~20-40% of the entire international volume.
The mainstream adoption of blockchains has been restricted and the reason behind these restrictions is scalability, interoperability and confidentiality threats. Aion is the first multi-tier blockchain network designed to tackle these problems. It’s the third-generation blockchain network that will federate data & value in a hub and spoke model is analogous to the internet. The future of blockchain acquisition will be procured by the expansion of a federated blockchain to incorporate these separate spokes.
It is going to facilitate every private or public sector organization to enable the following features that are mentioned below:
- Federate: You are allowed to send data & value between any Aion complaisant blockchain & Ethereum.
- Scale: It offers you fast transaction processing with improved data capacity.
- Spoke: You will be competent to modify the public or private blockchains that supports the interoperability with other blockchains, but it also empowers publisher to opt governance, issuance, consensus mechanisms & participation.
Why Aion Considered a Third-Generation Blockchain?
The first-generation chains utilized cryptographically secure digital transactions of a P2P nature that was recorded on the immutable public ledger and authenticated by using a decentralized network.
Then we had the second generation of blockchain that refers to Ethereum’s ability to create application-specific logic on a blockchain network. This expanded the capabilities to include more than just transactions by adding things like multiparty contracts & business logic.
Now we had third-generation blockchain Aion as it is part of the future where blockchains can federate value and data within a hub and spoke model important for the internet.
RChain is an open-source project that focuses on building a decentralized economic censorship resistant blockchain platform that can be utilized as a public computing infrastructure. It is the brainchild of the mathematician & developer Greg Meredith, who discovered Rho Calculus. It was designed to be scalable from the outset.
It is a new system that is designed to be a solution for both decentralization enthusiasts and enterprise clients emphasizing the use of smart contracts. RChain’s design has important advantages as compared to other blockchain competitors. It can accommodate tens of thousands of transactions per second with low fees and high scalability.
RChain will undoubtedly is going to be a very strong competitor in the league of 3rd-generation tokens. With the addition of all these powerhouses, projects like Ethereum will have to work hard to maintain marketplace relevancy for long-term.
Bitcoin continues to lead the pack of cryptocurrencies, in terms of marketplace capitalization, popularity and user base. But with adoption getting out of reach for the normal investor, getting aboard with the next Bitcoin or Ethereum right now seems the most sensible thing to do. These cryptocurrencies have massive potential and have shown remarkable growth till now. The focus is on the best cryptocurrency in the market right now that offers gains this year and the near future. Hopefully, they will continue this ever-growing trend and give investors high return in 2018.