- how they come to the market (ICO)
- how to choose
- predictions (here comes Cryptics to help)
Crème de la Crypto
Look alive! Crème de la Crypto has arrived! Cryptocurrencies keep shifting positions in terms of capitalization, trading volume and exchange rates as demand for some surges, while other crash and burn. However, there is a constant flow of newer tokens and currencies onto the market, a fact which only exacerbates the already convoluted market and introduces ever more complicated factors beyond prediction, making it extremely difficult for investors to pick which currencies to invest in. Nonetheless, there is a list of top cryptocurrencies, which maintain their positions and keep increasing in terms of capitalization.
No surprises that Bitcoin is at the top of the list as its capitalization keeps growing together with its price, which has recently hit the $10,000 and is expected to reach $40,000 by 2018. If an investor does not have the required cash to acquire a full Bitcoin, they can always buy a Satoshi, or part of a Bitcoin and remain profitable.
In 2017, Ethereum has remained the second most profitable cryptocurrency, largely due to the fact that over 80% of startups operate on it. It is a platform built for smart contracts, the key to operating systems on blockchain.
Bitcoin Cash is a breakaway part from Bitcoin and has become a separate cryptocurrency. Bitcoin Cash is still a profitable venture with a high capitalization rate.
Ripple was introduced in 2012 as a real-time gross settlement system network. It does not have a high price, when compared with Bitcoin, but it is growing steadily and more projects are turning to it for application.
Litecoin is an open source pear-to-pear digital currency much like Bitcoin, it does not have a high price, but is a good alternative for those who cannot afford a full Bitcoin.
Known formerly as Xcoin and Darkcoin, Dash is another open peer-to-peer virtual currency introduced in 2013. It has a market price roughly to 1/20th of a Bitcoin, but, due to its increasing capitalization, it has good prospects and is slowly growing in price.
The developers of NEO are a non-for-profit, community-based blockchain project that utilizes digital identity to digitize assets automatically via smart contracts on a distributed network. Due to its appeal as an open alternative to a smart economy, the NEO is gaining popularity.
IOTA’s appeal lies in the fact that it is a blockless, scalable, distributed ledger that allows for transferring value without incurring fees. The essence of it that is positions itself as a decentralized and self-regulating peer-to-peer network. The IOTA is relatively cheap and is promising.
Another open-source virtual currency developed in 2014. Its main appeal is privacy, making it interesting for banks. Though expensive, Monero is a great choice for serious investors.
Introduced in 2015, NEM runs on Java and is inexpensive. However, its versatility puts it on a fast track to success in the near future.
Despite being in this list’s top ten, all cryptocurrency investments bear risks. The crypto market is still relatively new and lacks many of the traditional institutions of a civilized market. But, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs. Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.