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The 5 Most Promising Cryptocurrencies to Buy in 2018

These are the 5 most promising fledgling cryptocurrencies that have the potential to be the next Bitcoin or Ethereum.

2017 was the year of cryptocurrencies. With a surge from $17 billion to $600 billion in total cryptocurrency market cap, 2017 has been the year for the breakout of Bitcoin. If we knew who Satoshi Nakamoto was, they’d probably be on the cover of Time magazine. There’s always next year, I guess.

However, the cryptocurrency rally is unlikely to be over. With numerous companies and governments getting interested in harnessing the power of the blockchain, the field is ripe for some new players to enter the game. Coins such as Litecoin, Monero and Dogecoin have been around for a while, but what are the most promising new coins for 2018?

Disclaimer: This post isn’t giving you investment advice. It’s also not guaranteeing any price movements; we’re simply shedding some light on some lesser known cryptocurrencies that have the potential to be big.

NEO

NEO - Cheap Cryptocurrencies For 2018

NEO is the largest market cap coin on this list, but that doesn’t mean it’s too big to make some serious gains in 2018. A lot of people hail this crypto as the next Ethereum. From China, of course. NEO is similar to Ethereum in that it focuses on using blockchain to develop dApps (decentralised applications) and smart contracts.

When you hold NEO, you’re actually holding a management token on the NEO blockchain, which gives you ‘voting rights’ and access to network parameters. You are essentially a shareholder in the blockchain, and like shareholders receive dividends, NEO produces dividends too. NEO produces a token called GAS in regular intervals, as an incentive for resource control of the network. As the price of NEO goes up, GAS goes up too. This makes it a very valuable crypto to HODL over the long term, since it’s essentially like having a dividend paying stock.

Advantages

  • Decentralized token with backing by various Chinese governments
  • NEO pays dividends in the form of GAS

Risks

  • NEO is indivisible, so you cannot own less than 1. This will provide scaling challenges when the price rises.
  • Uncertainty about the direction NEO heads in with Chinese government involvement.

Stellar Lumens

Stellar (XLM) is an IBM backed, global and decentralized payment solution. Stellar Lumen’s goal is to allow people and banks to transact in various currencies across the globe while finding the best exchange rate in real time. The Stellar network aims to be fully decentralized. It shares most of its characteristics with the other coins on this list – low fees, instant, and secure. What sets Stellar apart is the progress made towards implementing its goals. The IBM partnership could lead to great things for the project, and in turn the price of the coin.

Advantages

Disadvantages

  • As a payment solution, it’s essentially competing with a lot of other platforms based on the Ethereum blockchain.
  • Limited use case, and hence might fizzle out to larger, more stable cryptocurrencies.

Request

Request Network - Cheap Cryptocurrencies For 2018

When people in the cryptocurrency scene talk about underrated, few conversations happen without bringing up Request Network (REQ). It’s actually quite similar to Stellar in its use – it’s a currency agnostic payment solution. This article explains some of the intricacies of the Request protocol. You could also visit the subreddit to find out more.

So why buy Request? Short answer is the coin is very undervalued at the moment. There is huge confidence in the developing team, and their recent launch of Colossus, a major update in the network was done many months ahead of schedule. It was released on Dec 18 2017 (expected release was Q1 2018). There is potential for this coin to reach multiples of 10x in value.

Advantages

  • As a product, works very well and is very intuitive.
  • Great development team.

Disadvantages

  • Same use case as some of the larger coins (Stellar)
  • Hasn’t reached the tipping point where it indicates surefire success.

OmiseGO

You’ve probably only heard about OmiseGO (OMG) if you browse 4chan or reddit. This coin is shilled a lot there. But its fundamentals are solid. OmiseGO is a decentralized payments exchange built on the plasma.io platform. OMG is an ERC20 Ethereum based token and therefore can be stored on most popular Ethereum wallets.

The fundamentals of OMG are a slow and stable rise as its product improves. The community and development team are also heavily intertwined. Their efforts to bring in social change by banking the unbanked are quite commendable.

Advantages

  • Created by the multi-million dollar fintech company, Omise. Delivery team has great potential to follow through.
  • Potential conglomerate partnership announcements are awaited.

Disadvantages

  • The ticker is OMG
  • Slow moving project when compared to other fledgling cryptocurrencies.

RaiBlocks

RaiBlocks (XRB) is probably the most undervalued item on this list, and also has the potential for the most growth. Why is it ranked so highly on almost every metric? Well, RaiBlocks is led by a team of very talented developers who have managed to create a working transacting cryptocurrency. The product today is truly instant (probably the fastest transaction on the market), zero fees or taxes and just as secure as its competitors. The project is touted to be a game changer in pure transacting cryptocurrencies.

RaiBlocks is extremely undervalued because it’s only listed on two small exchanges right now, Mercator and Bitgrail. Despite that, it has a transaction volume of $4.5 million with a market cap of just $368 million. So far, RaiBlocks have done no marketing and no tie-ups, and still managed to enter the top 50 in market cap. The fundamentals are sound and its demand is only going to increase in 2018.

Advantages

  • Instant payments with no fees. For real, this time.
  • Talented developers, strong community and increasing demand.

Disadvantages

  • Difficult to buy right now as it’s not on any of the main exchanges. (Update: Jan 2018, RaiBlocks is listed on Kucoin, so you should go buy it there.)

Conclusion

The 5 most promising cryptocurrencies to invest in in 2018:

  1. RaiBlocks
  2. OmiseGO
  3. Request Network
  4. Stellar Lumen
  5. NEO

Most of the currencies on this list have the potential to 10x or even 100x in 2018. NEO and Stellar are too big for the latter, but it’s not outside the realm of possibility for something like Request or RaiBlocks to enter the mainstream exchanges and completely change the game. The metrics I’ve used to create this list are social media discussions, current trade volume and market cap, and the potential for scaling a similar project in 2018. Since 2018 is the year that big banks and institutional investors get into cryptocurrencies, we might see the fruition of a lot of smaller ICOs entering the big leagues.

Where to Buy

  1. RaiBlocks: Kucoin
  2. OmiseGO: Binance or Kucoin
  3. Request Network: Binance or Kucoin
  4. Stellar Lumen: Binance or Kucoin
  5. NEO: Binance or Kucoin

Note: Binance and Kucoin include our referral links.

Written by Upamanyu Acharya

I founded Fynestuff. I play games, write TV and tech articles and look towards putting Buzzfeed out of business someday. Reach me on Twitter:
@upa007

10 Comments

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  1. o Boy….. dont bet on Railblocks….. te are gone before to start….with competitors like IOTA….

  2. About Stellar you wrote:
    “As a payment solution, it’s essentially competing with a lot of other platforms based on the Ethereum blockchain.”

    Are you FKG kidding? Right now Ethereum it’s collapsed with cryptoKitties and two Ethereum projects (Kik, Signal) are moving to Stellar becasue of scalability issues, fees and speed. Did you really researched at least a little about Stellar attributes and compared them to Ethereums to put your comment? Well, as i see you didnt do your homework, i write them for you:

    * Speed = 5 secs x transaction, can handle 1000 TPS.
    * Cost x transaction: = 0.00001 XLM.
    * Not POW, so it is efficient (no miners with an horrendously expensive and energy wasteful process) and more eco friendly.
    * Support for simple smart contracts wich are not Turing complete like Ethereum’s, so security is higher (less attack vectors).
    * It is Scalable, so no cryptokitties issues could happen.
    * Is up and ready to be used NOW, not tomorrow.
    * It has a brigh future, they are resolving real world problems (no speculative antisystem bs), and they are positioning and increasing their number of partnerships.

    “Limited use case, and hence might fizzle out to larger, more stable cryptocurrencies”. Again, as you didn’t do your homework, I did for you:

    * Stellar supports creation of your own token.
    * It allows ICOS to be lauched in a very easy way compared to Ethereum.
    * It allows Smartscontract.
    * Most of the projects running on Ethereum coul run on Stellar.

    So i don’t see the limited use case..

  3. Xtrabytes XBY is ETH Blockchain 3.0. Hoping it is going to be huge in 2018
    Using PoSign Technology
    Will handle 10,000 Trans per sec
    Once Testnet & Static Nodes sign ups happen at the end of 2017
    Circulating Supply could be cut to around 100M – 200M

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