Cryptocurrency set to explode in 2018

A scam? Fear of missing out can have a powerful — and dangerous — influence on financial decisions. But does that even exist and is it worth the risk to invest? Tung uses a four-part screener to determine which alt-coins may be worth a flyer.

Study the team behind it. Have they been involved with other cryptos before? Are they backed by anyone, and what kind of experience do they bring? The alt-coins that have done the best and have the highest market caps have the most proven teams. Take a look at the why. Some alt-coins coming out are simply ridiculous. Determine where they are in the process. Do they have a test-net or a beta? Are there new features being released? Are there soft or hard forks coming up? Assess the valuation.

A lot of alt-coins are priced way too high and I tend to stay away from them. Without getting too wonky, Lee essentially aimed to cut the amount of time required to confirm new transactions and tweak the way bitcoin was being mined to ensure anybody could participate. The skinny: The appeal of Monero? With Monero, the details of every transaction, including sender, receiver and size, are recorded on a public ledger, but are obfuscated to reportedly make them untraceable.

Sound like an appealing coin to cybercriminals? It is. The hackers behind the global ransomware incident WannaCry, which infected , computers running Microsoft Windows, demanded payments in Monero. We expect Snack tokens to gain significant value this year as it expands its partnerships and integrations. The team is actively working on getting the token listed on tier-1 exchanges. Battle Infinity - Overall best crypto with massive growth potential Battle Infinity IBAT is a play-to-earn metaverse project that could be the next cryptocurrency to explode in The project sold out its presale recently, 24 days into the day event, raising the amount in total.

There are good reasons for this success; the project has mass appeal and is packed to the brim with utility. Spotlight Wire In order to ensure the Battle Infinity ecosystem is easy to use and enjoyable, the team has split it into six unique platforms each of which is dedicated to a specific function. All in all, Battle Infinity is a wildly exciting project that could be the next cryptocurrency to explode in The project is bringing blockchain technology to the prize draw sector to create a highly efficient and provably fair NFT competitions platform.

Spotlight Wire Lucky Block users are given multiple opportunities to win rewards. Decentraland - Metaverse project with massive upside potential Metaverse-centric projects performed incredibly well during the bull run. Therefore, it makes sense that Decentraland MANA , one of the largest metaverse projects, could be the next crypto coin to explode in Spotlight Wire Alongside the Sandbox, Decentraland is the most widely used metaverse in the market.

The world is separated into virtual plots of land in which players can create buildings, advertisements, and even entire P2E experiences. Accessories, land plots, and other in-game assets are tokenized in the form of NFTs meaning they can be traded on platforms like OpenSea. By buying early, you can get them at a discounted price and lock high returns. Our top recommendation is MetaMask for its multi-chain support.

You can buy them from all major crypto exchanges, including eToro, Binance, and Coinbase. Follow the pop up instructions and connect the wallet to the presale platform. Step 5: Claim the Tokens Once the presale ends in September, you will be able to claim the tokens from the website.

With a plethora of utility, an excellent community, and a clear roadmap, TamaDoge could well be the next cryptocurrency to explode in Read More News on.

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Will bitcoin explode after the current slump? Bitcoin BTC is one of the likeliest cryptocurrencies to explode after the current slump. Its resilience is indicated by the fact it has suffered one of the least severe drops over the past few days and weeks. When will cryptocurrency boom again? However, market analysts indicate that investors may need to wait until to see real crypto booms again.

Lucky Block is a platform for NFT-based competitions and various physical rewards for the same in-store. They also hold weekly competition draws. While some investors questioned the decision to bring in the second version of LBLOCK, the crypto project took to Twitter to explain the launch. Lucky Block showed it has the potential to explode with its Q1 bull cycle and could repeat that now that its Ethereum bridge has been successfully implementing for token swaps between its V1 BSC token and its V2 ERC token.

By holding DeFi Coin, one can invest in the DeFi Swap space, which intends to become the go-to platform for accessing worldwide decentralized finance products. DeFi Swap even has a ton of features. One can easily exchange tokens by connecting their crypto wallet with the platform. There is a staking feature on the platform, too, which offers different staking lock-up terms that are variable and offer competitive APYs.

Longer the period, the higher the interest rates on the staked coin. The platform also has a taxing scheme. It is in place to ensure that the long-term DeFi coin investors are rewarded for their loyalty while the short-termed ones are taxed financially. The DeFi Swap exchange will soon have a V2 and V3 version coming up, which will be adding on to the overall existing features of the cryptocurrency.

In the longer run, what will make the DeFi Coin even better is the fact that there will be a burning mechanism in place. This will mean that the DeFi Coin will be in short supply, hence increasing its rarity and adding to its value. See our guide on how to buy DEFC. Buy DEFC 6. Ripple XRP Ripple has cemented its place in the crypto industry. The native token of the project is XRP. Ripple is a payment settlement system and currency exchange system which facilitates transactions globally.

It makes things centralized and uses a consensus protocol. Ripple has a ton of benefits that makes it stand out. Various larger financial institutions such as the IndusInd Bank, Santander, and Bank of America use Ripple, demonstrating the goodwill and the market adoption functionalities that the cryptocurrency possesses. What makes us add Ripple to the list is the adoption by major financial institutions and banks and its various solutions, which includes the Crypto Liquidity Hub, Cross Border Payments, and Central Bank Digital Currencies.

Your capital is at risk 7. It holds the right potential to gain the necessary hype while also keeping true to its utility. Then came ApeCoin. This allows the holders of the coin to vote for any governance-related decisions. The ApeCoin serves various purposes in the ecosystem. Some of the use cases of ApeCoin include enabling holders to participate in the governance of the DAO, which further allows them to participate in the governance of the DAO and gives access to some exclusive features such as games, events, merchandise, and more.

Your capital is at risk 8. Launched in , Gala Games identified the gap in the play-to-earn industry and was one of the first movers in the space. It is a platform that creates blockchain-powered games, providing its players with true ownership of their in-game assets with the help of NFTs. This is the main token used within the ecosystem of the game for purchasing assets, peer-to-peer payments, rewarding nodes, and more. What makes us seem optimistic about Gala Games is its unique abilities, which add to its overall functionalities.

Other benefits include multiple games, built in-store for a better gaming experience and a massive community with over 1. Your capital is at risk 9. Immutable X came up with the sole aim of making NFT transactions via the Ethereum blockchain more efficient by lowering the gas fees. Launched in , by James Ferguson, Robbie Ferguson and Alex Connolly, it primarily targets getting instant confirmations on transactions on the blockchain and a negligible gas fees for minting and trading NFTs.

These IMX tokens can be proved useful to pay transaction fees and to give incentives. Investors can also buy their IMX tokens and stake them to earn rewards and vote for any governance-related decisions. Your capital is at risk Bitcoin BTC Bitcoin is where most of the craze around cryptocurrencies really started.

Bitcoin, over the years, has shown resilience and an ability to withstand the most negative news surrounding the entire crypto industry. While Bitcoin is currently facing the wrath of crypto winter and falling, it is expected that the cryptocurrency will rise again. Bitcoin has a variety of use cases with countries like El Salvador even giving Bitcoin the status of legal tender.

Experts seem to be optimistic about Bitcoin rising back again and regaining its previous price levels. Ethereum comes with its own set of functionalities that make it unique. In fact, last year Ethereum reduced the supply of Ethereum tokens, which currently stands at This was done to ensure that the network is able to handle more transactions per second, improve the scalability of the platform and lower transaction fees.

Apart from this, the Ethereum blockchain is also used by most of the top NFT projects too. Ethereum has also now completed its most significant upgrade in its price history, which transitioned Ethereum to a Web 3-ready proof of stake mechanism, reducing power consumption and increasing security. With the current low prices, it can be a good moment for many to get in and invest in it too. We included Ethereum on our list of the best future cryptocurrencies.

Dogecoin DOGE Dogecoin will always be remembered as the cryptocurrency which started the trend for meme coins. The memecoin has shown resilience by staying relevant even after a major slump in its valuation last year. While there have been questions about Dogecoin due to its lack of real-world utility and the entry of competitors such as Tamadoge.

Although that is being answered, as Doge is being accepted as a mode of payment by more than 3, merchants across the world, adding to its utility. Moreover, its recent rise as the second largest proof-of-work coin after Bitcoin is a testament in itself. It is yet to be seen how Dogecoin adds some much-needed utility to itself. However, it is backed by a large community which is an advantage for the cryptocurrency in the longer run.

Cosmos ATOM The Cosmos blockchain was simply developed to facilitate and enhance the quality of communication between distributed ledgers without relying on a centralized server.

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Buy Bitcoin Now 2. ETH is massively undervalued right now. Its RSI shows significant overselling, which has continued since at least May. Of course, macro issues and industry-wide contagion may continue delaying this rebound for at least a few weeks or months yet. Still, ETH really is primed for a big rise sooner or later. The reason why is that Ethereum is in the process of shifting to a proof-of-stake consensus mechanism.

This will make it less energy intensive, more scalable, and more attractive to investors. Congratulations to the Ethereum community on a successful Merge on the Ropsten testnet. This represents In particular, the implementation of staking will increase demand for ETH, which will obviously be necessary for staking.

Buy Ethereum Now 3. WAVES is a rare coin enjoying some half-decent momentum right now. Its RSI is up to 50, while its day average is inching upwards. WAVES has been one of the best-performing altcoins during the current bear market.

Waves DAO is also on the horizon, a decentralised autonomous organisation that will open its governance up to its community. Waves DAO will upgrade the old futarchy concept and launch a new generic governance model, with applications going far beyond blockchain technology. Learn more and start getting an income?

What happened to Bitcoin and cryptocurrency in ? At the end of and beginning of , more people—especially those in the mainstream finance world—were paying attention to bitcoin and cryptocurrency trading. Will bitcoin explode after the current slump?

Bitcoin BTC is one of the likeliest cryptocurrencies to explode after the current slump. Its resilience is indicated by the fact it has suffered one of the least severe drops over the past few days and weeks.