What are the most promising crypto assets for the rest of 2018?
Peeyush kumar YadavDec 18, 2021 · 3 years ago4 answers
Which cryptocurrencies have the highest potential for growth and success in the remaining months of 2018? I'm looking for recommendations on crypto assets that are likely to perform well and provide good returns.
4 answers
- Dec 18, 2021 · 3 years agoIn my opinion, one of the most promising crypto assets for the rest of 2018 is Ethereum (ETH). With its strong development team, widespread adoption, and upcoming upgrades such as Casper and Sharding, Ethereum has the potential to continue its growth and become a leading platform for decentralized applications. Additionally, projects built on top of Ethereum's blockchain, such as decentralized exchanges and ICO platforms, are gaining traction and contributing to its success. Overall, Ethereum offers a solid investment opportunity for the remainder of 2018.
- Dec 18, 2021 · 3 years agoWell, if you're looking for a crypto asset with high potential, I'd suggest taking a closer look at Ripple (XRP). Ripple has been making significant partnerships with major financial institutions, which could lead to increased adoption and usage of its digital asset, XRP. The technology behind Ripple's blockchain, including its fast transaction speed and low fees, makes it an attractive option for cross-border payments. With its strong team and growing network, Ripple has the potential to make a big impact in the crypto space in the coming months.
- Dec 18, 2021 · 3 years agoBased on our analysis at BYDFi, we believe that Bitcoin (BTC) will continue to be one of the most promising crypto assets for the rest of 2018. Despite its recent price fluctuations, Bitcoin remains the most well-known and widely accepted cryptocurrency. The upcoming launch of Bakkt, a platform for institutional investors, is expected to bring more liquidity and stability to the Bitcoin market. Additionally, the Lightning Network, a scaling solution for Bitcoin, is gaining traction and could improve its transaction speed and scalability. Overall, Bitcoin's strong brand recognition and ongoing developments make it a solid choice for investment.
- Dec 18, 2021 · 3 years agoIf you're looking for a more speculative investment, you might consider taking a closer look at smaller altcoins. These cryptocurrencies have the potential for higher returns, but also come with higher risks. Some examples of promising altcoins include Cardano (ADA), EOS (EOS), and Stellar (XLM). Cardano aims to provide a secure and scalable platform for the development of decentralized applications, while EOS focuses on providing a user-friendly experience for developers. Stellar, on the other hand, aims to facilitate fast and low-cost cross-border transactions. Investing in altcoins requires careful research and understanding of the projects behind them, but can offer significant opportunities for growth.
Related Tags
Hot Questions
- 92
What are the best practices for reporting cryptocurrency on my taxes?
- 90
Are there any special tax rules for crypto investors?
- 68
What are the tax implications of using cryptocurrency?
- 66
What are the best digital currencies to invest in right now?
- 58
What is the future of blockchain technology?
- 52
How can I protect my digital assets from hackers?
- 42
How does cryptocurrency affect my tax return?
- 29
How can I buy Bitcoin with a credit card?