Cryptocurrency markets are distinct and unlike any other financial market. Instead of being overseen by an authoritative central regulator, cryptocurrency markets self-regulate themselves by using blockchain technology.
Bitcoin remains the leader of cryptocurrency investments when measured by market cap and value; its volatility makes it a risky bet.
1. Bitcoin
Bitcoin was created by Satoshi Nakamoto in 2008. This digital payment system uses blockchain technology – an impenetrable database whose records cannot be modified – for verification of transaction records by network of computers using complex cryptography.
Ripple digital currency, more commonly known as XRP, was designed to assist enterprise customers with high-volume yet low-value transactions. Acting as an intermediary currency between fiat currencies during transfers, this digital asset claims that transactions in less than four seconds; unlike several minutes for Bitcoin.
Cryptocurrencies tend to be highly unpredictable and fluctuating markets can make their movements unpredictable, yet 2018 has been an encouraging one for several coins.
2. Ripple
Ripple Network is a decentralized protocol designed to facilitate affordable, fast and secure transfers between financial institutions. RippleNet allows them to do this using its token, XRP.
Ripple was founded by Jed McCaleb and Chris Larsen and launched into existence in 2012. As opposed to other cryptocurrencies, it focuses more on banking and financial services than the other offerings on this list.
Long-term investments could prove highly rewarding with XRP. Analysts project that its price will reach $0.75 by the end of 2023 and climb further towards its eventual goal of reaching $1.2 by 2025. Furthermore, its price action displays signs of mean reversion as well as having an exponent greater than 1. This shows its potential growth.
3. Ethereum
Although bitcoin remains at the forefront of cryptocurrency, several others are seeing rapid growth. Here is how some of them compare.
Litecoin is trading above the middle line of its channel on a 4-hour chart and could soon cross above its upper Bollinger band to test new annual highs.
Ethereum is an advanced blockchain network that empowers developers to build powerful smart contracts and applications quickly and safely, while offering secure value transfers. Future developments should increase scalability, speed, and efficiency – likely driving up its price by 2023 – but bear cases cannot be excluded as risks exist.
4. LTC
Ripple, known for its quick and inexpensive transactions, is becoming a leading cryptocurrency. Its parent company already plays an influential role in financial industry; by 2030 Ripple may overtake Visa as the go-to cryptocurrency option.
Cryptocurrencies typically follow a predictable trend, and traders utilize indicators like 50-day and 100-day moving averages to identify resistance or support levels. When cryptocurrency prices surge above these moving averages, it is considered bullish.
Sassano also credits the rising trend of staking ETH as another positive indicator for this cryptocurrency. Staking allows holders of ETH tokens to earn rewards, which decreases circulation and can push up prices; it should be noted, however, that this method remains unproven and poses significant risk.
5. DSH
The Bitcoin Cash price prediction suggests that its value may gradually increase before experiencing a rapid surge during a bull cycle, potentially tripling or tripling itself in value.
The platform’s transaction confirmation process is more efficient than bitcoin’s, consuming less energy and taking mere seconds for confirmation. Additionally, its costs are much lower.
Investors must remember that this market can be volatile and that their investments could quickly lose value. Before making any commitment, it is always prudent to gather multiple perspectives and familiarize oneself with local regulations before investing. Any information provided herein should only be used as educational material.
6. BCH
As one of the longest-lived hard forks of Bitcoin, BCH has demonstrated its potential as an innovative cryptocurrency. Offering lower transaction fees than Bitcoin and providing fast exchange of large sums of money quickly.
BCH may not be as widely-held compared to other cryptocurrencies; nonetheless, many individuals and businesses continue to utilize it. If other issues such as slow transactions and high transaction fees were resolved, its value may increase further; moreover, banks might adopt its technology for faster cross-border payments, making BCH even more useful for speedy cross-border payments; hence making its future promising.
