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Cryptocurrencies Set To Create Waves In The Year 2018

December 30th, 2017 | by John Stanley
Cryptocurrencies Set To Create Waves In The Year 2018
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With the end of the current year approaching fast, it is time to take an insightful look at what to expect from the cryptocurrency market in the year 2018. With positive predictions invoking high hopes, traders in the are looking forward to better gains and more profits in the upcoming year.

A brief look at the cryptocurrencies touted to be the buzzwords for the year 2918 are:

  • Bitcoin: This cryptocurrency is predicted to continue with its success in the year 2018. The year 2017 made the Bitcoin an important asset for all government organisations and financial institutions worldwide. Thus year 2017 saw the Bitcoin overcome a lot of obstacles and negative criticism to emerge victorious and it seems like this victory trend is set to continue into 2018 making it an important cryptocurrency to invest in currently.
  • Ethereum or ETH: This has been one of the largest cryptocurrencies the year 2017 has witnessed in terms of market capitalisation. It is in fact second only to Bitcoin and this steady rise is also expected to continue in the coming year since this cryptocurrency shows great potential.
  • Litecoin or LTC: This is one of the first altcoins that was created after Bitcoin and is still considered to be one of the best alternatives available in the cryptocurrency market today. In fact this cryptocurrency has several features which are similar to the Bitcoin.
  • Zcash and Monero: These two different yet similar cryptocurrencies too have the potential to best solve the problem of anonymous transactions. With both of these cryptocurrencies exhibiting an excellent total market cap value in the year 2017, the coming year is slated to bring in better results for this cryptocurrency.
  • IOTA or MIOTA: With the best available potential to solve the quality of human life, this cryptocurrency is touted to be one of the fastest growing commodities in the cryptocurrency markets today.  This cryptocurrency does not use the blockchain system to store data but has come up with a new concept called the “tangle” thereby making it a cryptocurrency to watch out for.

The cryptocurrency market can only build on the success attained in the year 2017 and grow both in volume and profitability in the coming year. Thus this market venture is definitely one to keep a close watch on in the coming year.

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