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Best Altcoins in 2018, Our Top Cryptocurrency Picks

Author: 
Oke E.
Date: 
September 14, 2018
Read time: 
8 minutes
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When people talk about the top cryptocurrencies, they think of Bitcoin and a mix of altcoins.  Altcoins- cryptocurrencies, coins, or tokens that sprang up after Bitcoin's emergence - are becoming ubiquitous. Most altcoins started with nothing more than a whitepaper or roadmap, but many of these projects have gone on to provide unique enterprise solutions, ushering in an explosive era of blockchain utility few people would have envisioned in 2008. In this piece, we’ll describe a few particularly interesting altcoins. These are our top cryptocurrency picks.

Many people believe that the true potential of cryptocurrencies can only be realized through the development of a large number of different (and in many cases, competing) projects. We’re still quite far from realizing the true potential of cryptocurrencies, but the large following that altcoins have gathered is evidence that we’re on the right track.

When people talk about the top cryptocurrencies, they think of Bitcoin and a mix of altcoins.  Altcoins- cryptocurrencies, coins, or tokens that sprang up after Bitcoin's emergence - are becoming ubiquitous. Most altcoins started with nothing more than a whitepaper or roadmap, but many of these projects have gone on to provide unique enterprise solutions, ushering in an explosive era of blockchain utility few people would have envisioned in 2008. In this piece, we’ll describe a few particularly interesting altcoins. These are our top cryptocurrency picks.

Many people believe that the true potential of cryptocurrencies can only be realized through the development of a large number of different (and in many cases, competing) projects. We’re still quite far from realizing the true potential of cryptocurrencies, but the large following that altcoins have gathered is evidence that we’re on the right track.

However, the journey hasn’t been entirely smooth for altcoins, especially in 2018. After multiple altcoins reached their all-time-highs in 2017, the crypto market suffered a substantial setback and has since been on a decline. Since the turn of the year, the industry has depreciated by 60%. Altcoins have suffered the most- even some of the top cryptocurrencies.

Top Cryptocurrency

Nevertheless, the crypto community still believes in the value of altcoins. And although it may seem particularly difficult to invest in altcoins this year because of the massive bear run, the best time to buy is when prices are low.

 

Best Altcoins to invest in 2018

Of course, not all altcoins are created equal. Some have clear value propositions while others are not as convincing. To spread the word about some awesome projects and possibly inform your investment decisions, we’ve compiled a list of our favorite altcoins. Here it is:
 

NEO

If there is one crypto project with a real chance of competing with Ethereum, it’s NEO.

Conceived in China, NEO allows its users to register and claim ownership of unique digital identities. It also provides a platform for enterprises to launch ICOs via the creation of digital tokens. Like Ethereum, NEO is designed for smart contract execution and the creation of decentralized applications (dApps), but with arguably better infrastructure. NEO scales better than Ethereum, executes transactions a hundred times faster, and supports more programming languages.

Dethroning Ethereum is a hard task; Ethereum is an already established product and only needs a few tweaks to become massively scalable. Luckily for NEO, its future success isn’t dependent only on its ability to provide better tools than Ethereum.

Instead of competing with Ethereum, NEO could become the go-to platform for dApps and build the foundation for a smart economy in the East, which is exactly what the project is aiming to do. NEO is dedicated to providing a regulatory-compliant smart economy platform.

 

Golem

Next on the list is Golem, an ambitious blockchain project that hopes to compete with Google, Amazon, and IBM’s cloud computing services. Instead of acting as a centralized body that offers cloud computing services (like Google, Amazon, and IBM), though, Golem is a decentralized platform. It connects individuals willing to rent their idle computing power with people who need extra computing power (for their projects and other tasks).

spending on cloud computing

We like Golem largely because of its novelty - the idea of a marketplace for unused computing power is brilliant. It’s sustainable, entirely new, and untapped. Furthermore, the market for cloud computing services is huge and is expected to keep growing. IDC, a research firm based in Massachusetts, believes almost 50% of IT spending in 2018 will be cloud based. This figure is expected to reach 60-70% by 2020.

The growing demand for computing power obviously bodes well for Golem. Internet-based technologies (such as cloud computing) will play a big role in our everyday lives. It’s not hard to see Golem taking an active part in this future.

 

"The ability to create something which is not duplicable in the digital world has enormous value... Lot’s of people will build businesses on top of that." - Eric Schmidt

PiVX

PiVX is a community-based project that aims to provide a payment system that is instant, secure, easy-to-use, and privacy-protecting. Paypal is a service that accomplished these goals decades ago, but Paypal suffers from centralization and a lack of availability in certain parts of the world.

We believe a crypto project can revolutionize payments once more by providing true decentralization and removing the friction that middle-men create. From where we stand, PiVX has all the potential to be that project. It is decentralized, open, and private.

If you’re into privacy coins, PiVX might interest you. It uses zero-knowledge proofs and allows its users to stake privately. PiVX’s ecosystem is fantastic and the project’s marketing is top notch. PiVX might just be one of the best altcoins in 2018.

 

Request Network

Just like PiVX, Request Network rivals Paypal. Request Network is a decentralized network that facilitates the speedy transfer of value between two parties located anywhere on the globe. Apart from being a payment system with low transaction fees, Request Network makes use of blockchain’s immutability to streamline accounting and invoice management - a service which is rare among crypto projects.

Request Network is a well-developed project with a reasonable market cap. It has a good reputation, its team has established partnerships with respectable firms, and most of its tokens are already in circulation, which helps with decentralization.

PiVX

 

Ontology

We admire Ontology because the project has tasked itself with making cryptocurrencies mainstream. By providing digital identities, Ontology facilitates trust between institutions, effectively removing the barriers between the blockchain and businesses or governments. This, ultimately, allows commerce to thrive and hastens the acceptance of cryptocurrencies.

What makes Ontology appealing is that it is the only crypto project aiming to solve the issue of trust between institutions. The real-world applications of this technology are vast because it benefits all business types and allows the seamless transfer of verified information between enterprises without the inclusion of third parties.

Bytecoin

Having been around since 2012, Bytecoin was one of the earliest altcoins. It was also the first privacy-oriented cryptocurrency. Transactions on its blockchain are unlinkable, untraceable, and totally anonymous.

Unlike most Proof of Work coins, Bytecoin provides a level playing field for everyone by limiting the dominance of miners with superior computing hardware.

Bytecoin was a relatively unknown coin until the crypto boom of 2017, when its market cap rose from $80 million to $400 million. The project has a massive following from communities concerned with privacy.

 

Dash coin

Dash is another privacy-oriented coin that provides instant and secure transactions with low fees. Short for digital cash, Dash competes directly with Bitcoin, but operates differently. It uses a Proof of Stake consensus mechanism with Masternodes that provide a solid framework for governance.

Source: Simply Explained - Crypto Investing University Youtube Channel
 

Founded in 2014, Dash was originally meant to be a “darkcoin” used outside the confines of law, but has adopted a more regulatory-friendly stance along the way.

One fantastic thing about Dash is that it is among the few coins aggressively pushing for the adoption of cryptocurrencies, especially in developing nations. The Dash team has provided financial assistance to startups in these regions to the tune of $33 million since 2015. It also helped them set up Dash-oriented businesses and people are starting to take notice.

 

Litecoin

Litecoin is a Bitcoin fork that was founded in 2011. Basically, it’s a cheap alternative to Bitcoin. Litecoin and Bitcoin share many of the same features apart from their consensus algorithms; Bitcoin uses SHA256 while Litecoin favors Scrypt.

By design, Litecoin is faster than Bitcoin and has a higher total coin supply. A growing number of merchants and developers have begun accepting Litecoin.   

I view Dash as one of the best altcoins to invest in now.

NXT

NXT is an open-source decentralized payment network that was launched anonymously in November 2013 by a developer under the pseudonym of BCNext. Referred to as a blockchain 2.0 project, NXT was the first crypto to make use of the PoS consensus mechanism.

Apart from providing a peer-to-peer exchange system, NXT offers a messaging system, data storage, a voting system, and also makes room for the creation of custom tokens that can be used by startups to crowdfund their projects.

 

Dogecoin

Among all the various cryptocurrency projects with their different technologies and goals, Dogecoin stands out as truly unique for its humor and personality. Unlike most other projects that strive to be faster, more secure, or more private than all of their competitors, Dogecoin does not take itself seriously. The Dogecoin community uses DOGE (Dogecoin’s currency) to tip users for content or contributions at times, but there is no primary use for Dogecoin.

Dogecoin

With no superior technology or long-term goal, why do we consider Dogecoin an interesting altcoin? Actually, part of Dogecoin’s merit is its lack of long-term goal. With so many different projects out there competing to accomplish the same things, it’s inevitable that a huge percentage of them will fail and drop out of the race. Dogecoin, however, may be around forever thanks to its good-natured community and attractive personality.

These altcoins are making waves in the cryptoverse and they’re some of our personal favorites.
You can head over to our coin section for more useful information about them. We even have a Risk and Reward Score for each coin that will guide your investment decisions.

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