Best Altcoins to Buy for 2018

The list of the best altcoins to buy in 2018 should be of interest to anyone who has eye for high returns on investment irrespective of the place of domicile on the globe.

The buzz of altcoins shook the globe over the course of the last six weeks with such resounding effect that many people are beginning to take notice. In evaluating the shortlist of the best altcoins, the following needs to be considered:

1. Growth Rate

In terms of growth rate, altcoins has to be evaluated to determine their growth rate over the past year or quarter. Past performance might not be a determinant of future growth, but it shows the potential of each altcoin.

2. Underlying Value

There are numerous altcoins in the market today with different selling points. It needs to be understood that tokens are rated as having an underlying value if they are used as a medium of exchange in a tangible platform.

There are altcoins that were created just to take advantage of the popularity of Bitcoin while others have a worthy intrinsic value.

3. Token Supply

The quantum of tokens that can be distributed gives an indication of the value of an altcoin. Fixed distribution assures of zero-dilution of value after a market bubble.

Altcoins with limited supply will preserve the value of holders. On the other hand, altcoins with infinite supply will ultimately lead to a grossly reduced market value.

4. Ease of conversion

Altcoins have different level of acceptance and marketability. The most successful altcoins are listed and sold on exchanges while the pretenders can only be sold on the website of the listing company. This makes such altcoins limited in scope and acceptability.

The Best Altcoins to Watch

Ethereum has assumed a life of its own. It is seen as a mainstream altcoin as a result of its robust position as the 2^nd largest cryptocurrency by market valuation. NEM, Dash and Monero have maintained a strong showing so far, but a slew of factors could slow than their momentum.

For the other altcoins, let us see what their horizon looks like:

Bitcoin Cash (BCH)

This crypto has the advantage of faster processing speed and lower transaction cost going for it. Bitcoin Cash has solidified its position on the top 10 cryptocurrency list over the past year.

So far this year, it has a number of factors going in its favor.  Bitcoin processing times remains slow and users of exchanges are looking at making Bitcoin cash the default currency. At least, it is evident that Bitcoin Cash has cut into Bitcoin dominance over the last couple of weeks.

Bitcoin Cash has a fixed supply of 21 million and this assures that it will not dilute shareholders value by an unimaginable release of tokens at any time.

Current BCH/USD trades peak at $ 1,674 . The forecast for mid-year ending June 2018 is 3,000 USD.

Ripple (XRP)

Ripple closed 2017 as the best performing cryptocurrency. It held on to its value even when other tokens recorded a drop.

Ripple makes it easy for any Ripple account holder to send money to recipients anywhere on earth without the need for local currency conversions. Money transfer giants like Western Union and MoneyGram were reported to be considering how to integrate with Ripple to reduce transaction fees.

Ripple has held on to its top 5 placement on the most sought-after tokens over the last few months. XRP/USD traded at $1.35 as at press time, and should be above $5 by mid-year.

IOTA (MIOTA)

The Internet of Things Applications Token has its underlying value in its role as a driver of IOT. The tokens are not built on the Bitcoin bubble or rave. This is a reason to expect that in the aftermath of the current volatility, this altcoin will be a worthy investment.

As developers churn out more apps on IOT, this transaction enabler is expected to soar in value and maintain its pride of place in the Top 10 cryptocurrencies list. IOTA token ha a fixed supply that undergirds is market value.

MIOTA/USD is trading at $ 2.42 . By mid-year, it should be able to hold on to the $5 mark.

Stellar (XLM)

This altcoin has the pride of place as an enabler of financial products, and this is its unique selling point. Stellar has the advantage of getting innovated by someone who had earlier worked on a similar currency. Jed McCaleb was on the Ripple team before he moved on to establish Stellar.

Stellar has a unique platform that interconnects the world’s financial systems and enables payments in a seamless manner. It offers fast transaction processing and only costs 1 cent for 100,000 transactions to be processed.

Already, Stripes announced it is considering supporting Stellar processing  and this means more usability and conversion options for the digital currency.

XLM/USD trades at $ 0.69 presently, and could peak at $5 by mid-year if the Stripes deal goes through.

EOS (EOS)

EOS is not just a token but also a Blockchain operating system that stands out among the list of Top 10 cryptocurrencies. EOS tokens made its debut on the premier league of tokens this year as more people became aware of its potentials.

EOS makes it possible for developers to have their apps on the Blockchain without the need to develop them from ground up. EOS tokens give the holder the right to the bandwidth, computation usage and storage of the platform.

EOS/USD trades at $ 14.16 presently and could hit the $30 mark after the token sales end in July 2018. Not a bad ride for a token that hit the market at 1.03 USD in July 2017.

Litecoin (LTC)

Litecoin came to light with the modification of the Bitcoin Core. It has a total supply limit of 84 million and offers a faster processing time than Bitcoin. Any organization processing Bitcoin transactions can enjoy faster processing by integrating such apps to Litecoin will be beneficial.

Litecoin currently trades at 183.69 USD and it should hit the $200 mark by mid-year.

Cardano (ADA)

Cardano is optimized to support gaming, casino and several other applications in real-world terms.

It uses a mathematical algorithm to prevent malicious attacks on its platform, and its sidechains protects privacy o the network. This is a unique selling point that the altcoin enjoys.

Cardano currently trades at 0.624 USD and might as well peak at $4 or more by mid-year.