TOP 10 currencies with high growth potential 2018 years

2017 became the year of cryptocurrency. In January, the total market capitalization of all digital currencies did not exceed $ 18 billion. In just 12 months, it jumped by more than 3,300%, to 613 billion and hot at the beginning of the year, the market had to go through a decline, and now its capitalization is about 470 billion dollars, perhaps, this is the best result in the history for a limited class of assets.
Such rapid growth is often explained by the interest in the technology underlying most cryptocurrencies. Blockchain is a digital, decentralized register that stores data about all transactions. It eliminates the need for financial intermediaries such as banks.

Bitcoin was the first to draw public attention to the blockchain, but it was ether, the second largest cryptocurrency, that led to its evolution. More than 200 companies and organizations from around the world have United in Enterprise Ethereum Alliance. Its goal is to try the work of Ethereum blockchain in various industries with the help of small pilot projects.

Now the capitalization of the ether exceeds 89 billion dollars. In other words, it cannot be called a hidden treasure. Perhaps it's time to forget about air and bitcoin and pay attention to cryptocurrencies with high growth potential. Here are eight of them:



1. Ripple
Among the largest cryptocurrencies (with capitalization exceeding 10 billion dollars), Ripple deserves special attention from enthusiasts due to the incredible speed of work and the growing number of partner companies.

Speed analysis work carried out by the website HowMuch.net showed that the Ripple blockchain is capable of processing up to 1,500 transactions per second. This is only 10% of the speed of the Visa payment system, but more than 200 times higher than the capacity of bitcoin and almost 75 times faster than the ether. Of course, speed is not all. The processing time of the blocks is important, but even the available advantages make Ripple an attractive option for financial companies (on which it is primarily focused).

In November, Ripple along with American Express and Banco Santander carried out a test service that allows you to make payments through the international network of American Express with the blockchain. The money sent to the accounts of the British division of Santander Bank came in a few seconds instead of a few days.

In January, Ripple and MoneyGram international announced a deal that would allow MoneyGram to use XRP tokens to speed up transactions and reduce costs. Although the cryptocurrency has a fairly high capitalization ($41 billion), the agreements listed above show that the Ripple blockchain is attractive for large financial companies and its rate can grow.

2. Qtum
The advantage of Qtum in combining the basic infrastructure of bitcoin with The Ethereum virtual machine (that is, the pros of the two most popular cryptocurrencies are borrowed). The result is a blockchain with a very broad range of settings — the developers are confident that many companies will want to use it. Last month Qtum has signed cooperation agreements with two major Chinese firms (Fund Qtum Foundation expects to announce more about the five key partnerships for this year).

The first partner was 360 Finance-a subsidiary of a private company Qihoo 360. It owns the 360 Search service with the third largest market share in China. Under the terms of the 360 Blockchain Research Center agreement, BTN Foundation and Qtum Foundation form a kind of laboratory for the development of next-generation blockchain-based solutions.

Just one day after the agreement with 360 Finance, Qtum Foundation announced strategic cooperation with Baofeng Bokocloud. Baofeng offers one of the most popular video streaming services in China and has over 200 million active users. Qtum will be able to launch more than 50,000 nodes in the Bokocloud cloud service, which will allow it to significantly expand coverage and possibly surpass the Ethereum network.



3. Stellar
Like Qtum, Stellar is focused on attracting multinational corporations to its so-called "smart contracts." Smart contracts independently monitor compliance with the terms of agreements. Ethereum platform has gained high popularity due to the fact that these contracts are completely transparent and legally binding. For the same reason, many developers (in particular, the Stellar team) include smart contracts in their blockchain.

Stellar biggest success was the signing in October of a cooperation agreement with IBM and crypto-currency exchange platform KlickEx. IBM earns tens of billions of dollars outside the United States, and the partnership with Stellar will allow her to conduct transactions with foreign countries.

Stellar has deployed its technology in the top ten largest banks in the South Pacific. According to the company's estimates, each transaction will take from 2 to 5 seconds, which is much faster than payments through modern banking channels (when the payment arrives in a few days). Potentially, this will increase the profitability of IBM and will improve its relationship with customers.

4. NEO
Like Qtum and Stellar, NEO uses smart contracts while simultaneously trying to borrow the pros of Ethereum technology. NEO blockchain is characterized by high determinism, scalability and compatibility. For example, developers of smart contracts for the NEO network do not need to learn a new programming language. This provides the cryptocurrency with a tangible advantage over Ethereum and analogues.

A curious aspect of the NEO network is that it is not decentralized (at least for now). Distribution, or the idea that no person or organization can control a cryptocurrency, is at the heart of most blockchains. However, in the case of NEO, developers control a significant proportion of the coins issued, and the cryptocurrency itself is not extracted. This centralization is disturbing to some investors, but it also contributes to rapid progress as key decisions are made by a small group of people. Thanks to this, developers were able to increase the capacity of the NEO network up to 1000 transactions per second. At the speed it is slightly inferior to Ripple, Ethereum, however, is much superior.

5. Nano
Perhaps the main advantage of Nano is the high speed of its blockchain, arranged by spatial architecture. The Nano network is able to process up to 7 thousand transactions per second, while updating the equipment will increase this figure even more. By contrast, Ethereum can only make 20 payments per second.

The above-mentioned blockchain spatial architecture is responsible for Nano's high throughput. Each account has its own chain of blocks, so you do not have to wait for the confirmation of the entire network. The users control their own accounts and blackany, as a result of the transactions take place at lightning speed.

However, it is worth mentioning one feature. Each payment in Nano blockchain requires two transactions (though free). First, the sender withdraws money from his / her account, and then the recipient credits it to his / her account. Such a structure greatly increases the complexity of the system, although the incredible speed and scalability of the Nano network partially compensate for this disadvantage.



6. IOTA
If you are looking for something unusual in the cryptocurrency world, pay attention to IOTA. At the end of last year, the Fund IOTA Foundation has released a Data Marketplace. This is based on the blockchain, the service allows companies to share and sell their unused data. Developers believe that most enterprise data remains unclaimed. Under these conditions, the blockchain will act as a reliable intermediary allowing the sharing of this data.

The iota blockchain is actually considered "blockless". In other words, it is open and completely free for users on the web. The rejection of the committees provides a significant benefit compared to other projects based on blockchain technology and modern payment systems.

Of course, IOTA has a lot of work to do to scale its blockchain. Data Marketplace is still being tested, and about 40 large companies provide feedback on the project, but the speed of transactions is still far from ideal. However, it is an intriguing startup that is worth paying attention to.

7. Monero
In recent months, there has been an increase in the popularity of confidential cryptocurrencies such as Monero. All of them are trying to ensure complete security and secrecy of digital transactions.

Perhaps one of the main misconceptions about cryptocurrencies is their high anonymity. Because senders and receivers of digital money do not indicate your passport details or social security number, it is believed that they are impossible to track. However, this is not true. In many cases, blockchain analysis allows identification of the sender or recipient. In the case of Monero, however, it is almost impossible. All references to transaction parties are destroyed after the transaction is committed.

Monero's success is based on the use of ring signatures and hidden addresses. A good analogy for the ring signatures is a joint Bank account with multiple owners. No one knows which of them receives or sends the money. During the work, a so-called "hidden address" is created, which allows the owner (and only him) to block and transfer their funds.

However, interest in cryptocurrencies with increased anonymity is growing not only among investors, but also among the authorities. Recently, the South Korean government ordered all traders to link stock accounts to Bank accounts, thus intending to increase transparency in the cryptocurrency market.



8. NEM
There are few cryptocurrencies in the world that can compete in speed with Nano or Ripple. NEM is one of them. Its network is capable of carrying out about 4000 transactions per second. The basis of the NEM is an intelligent blockchain with wide settings that can fit into various industries and sectors of the economy.

In particular, NEM can be used in non-currency applications (although it has proven itself in the financial industry). NEM blockchain allows retailers to increase the effectiveness of bonus programs and customer loyalty support programs by reducing fraud cases and increasing customer interest in retail chains.

NEM is suitable for the technology sector, where it can be used for authorization and data storage. In theory, its blockchain is capable of authenticating IoT devices that make independent decisions (for example, ordering spare parts for repairs with the consent of the owners).

Recently NEM has signed a partnership agreement with Malaysia's Digital Economy Corporation. This governmental organization manages the digital infrastructure of Malaysia, control laws and promotes the development of technologies. The partnership can bring significant benefits and significantly expand the range of possible uses of the nem blockchain.
9. Dogecoin
The pair Dogecoin / Bitcoin started the bullish race on December 24, 2017, when the resistance level of 0.0000005 was broken. The momentum was so strong that in two weeks the cost increased more than 2 times. On January 7, 2018, the market reached 0.00000114. Nevertheless, at this price the market was on the extremely overbought territory. Traders who bought on the break 0.0000005, took the opportunity to profit.



As of the beginning of sales 8 January, the market went down below 0,000001. The price continued to fall on February 2, when the market fell to 0.00000035. At this price level, the bulls revived and returned the market to 0.00000051. Price movement on this day may mean the end of the correction.

10. Dash
With increasing pressure, the sales market has dropped below 0,075, and 6 January 2018 went down to 0.06270017. As market participants saw a higher low, the pair bounced back and reached 0.07830842 on January 13. Since then, the market's trading range has narrowed until February 8, the price rose.

Technical analysis shows that on February 8 the market came out of the bullish continuation pattern when it reached 0.07329890. While the market is now a bit plunged down, it is a chance to enter a breakthrough early on. Looking at the volume, and it is below average, we see that sellers lose ammunition.
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