Are you kicking yourself on missing out on buying Bitcoin or other digital currencies that would have amplified your wealth by manifolds? Or, are you keeping a close watch on the market for the next Bitcoin – or something better? Or, are you one of those who’ve heard all the hoopla around crypto currencies, and would like to begin investing?
We uncover the potential gainers of the near future out of more than 1,300 alt coins available in the market. There’s still plenty of upside opportunity in lesser-known digital currencies. The way these alternatives of Bitcoin are playing out at the moment, these may be worth a flyer.
Let’s look at the strong-going digital currencies that could make it big in the near future.
Market cap: $14.3 billion
Price on January 1, 2017: $4.37
Price on December 15, 2017: $264.19
Created by a former Google employee in 2011, Litecoin is one of the biggest gainers in the crypto world with gains of over 4000 percent in 2017 only. Often termed an alternative to Bitcoin, the industry insiders describe Litecoin as “the silver to Bitcoin’s gold.” The creator, Charlie Lee, wants Litecoin to become the payment method of choice. As of now, Litecoin has an 84 million coin limit compared to Bitcoin’s 21 million. About 54 million Litecoin coins are currently in circulation.
Market cap: $4.71 billion
Price on January 1, 2017: $13.58
Price on December 15, 2017: $304.63
Anonymity is what makes Monero different from the league of crypto currencies. In other words, there’s no way for anyone to track transactions when Monero is being used. As of December 15, Monero performance in 2017 has been unbelievable – registering gains of over 1900 percent.
The anonymity of the currency has attracted the attention of cybercriminals. In the global ransomware incident WannaCry, the hackers had demanded payments in Monero. There are other incidents in which those dealing illicitly or want to move money without anyone noticing have chosen Monero.
Recently, Monero was endorsed by some of the noted musicians and artists – including Sia, Lana Del Ray and Dolly Parton – who said that they would accept payments in Monero. Unlike Bitcoin, there is no fixed supply of the currency. As of now, there are nearly 16 million XMR in circulation.
Similar story: Bitcoin: What’s ahead for 2018?
Market cap: $2.6 billion
Price on January 1, 2017: $0.143369
Price on December 15, 2017: $44.41
Neo is dubbed the “Ethereum of China”, although it is nowhere near Ether at the moment. However, the hype is real if we look at Neo gains this year – an incredible 24,000 percent.
The currency has been around since 2014, although it was called “Antshares” before. The creators of the currency believe that Neo would explode if China relaxes policies on Initial Coin Offering (ICOs) and crypto market. There are around 65 million Neo coins in circulating supply at the moment.
Market cap: $5.35 billion
Price on December 15, 2017: $0.206591
Cardano is relatively a new entrant in the crypto market, although it has exploded on the scene with substantial gains. If you look at its performance in since it started trading in October, the value has climbed by more than 406 percent. The crypto, created by the blockchain developer Input Output Hong Kong (IOHK), is believed to be the real contender for Ethereum if not Bitcoin.
Cardano is primed for mass adoption for it has been capitalizing on private transactions and also complying with the needs of regulators. The Cardano CEO Charles Hoskinson, says that they want Cardano to be used by billions of people and interface with legacy financial systems.
At present, there are nearly 26 billion out of the limited 45 billion coins in circulation.
Market cap: $29.7 billion
Price on January 1, 2017: $0.006540
Price on December 15, 2017: $0.767237
Launched in 2012, Ripple has been making the headlines of late. The crypto had recently eclipsed Bitcoin Cash to become the third most valuable currency after Bitcoin and Ethereum, although for a brief period. 2017 has been a breakthrough year for Ripple, having recorded the gains of nearly 4000 percent.
The creators of Ripple had once explained that it provides one frictionless experience to send money globally connecting banks, digital asset exchanges, payment providers and corporates via RippleNet.
The total circulating supply of XRP is nearly 40 billion currently, although it has a maximum supply limit of 100 billion.
Market cap: $10.57 billion
Price on December 15, 2017: $3.80
Iota is one of the crypto currencies which do not have any trading fees, miners or blocks. Since the start of trading in June, Iota has recorded gains of more than 600 percent. The first crypto created without the use of a blockchain, Iota strives to become a backbone of secure machine-to-machine payments.
The digital currency is credited with three major crypto milestones – zero-cost transactions, infinite scalability and offline transactions. The latest association with Microsoft has given Iota a big boost to propel it into the top 10 of the most valuable cryptos.
The maximum supply of MIOTA is nearly 3 billion, and it is almost in circulation already.
Market cap: $26.1 billion
Price on December 15, 2017: $1792
Created by a group of people who forked the Bitcoin blockchain ledger in July 2017, Bitcoin Cash has made gains of about 250 percent in a short span since it started trading. With a greater block size limit than Bitcoin, it has more capacity to handle transactions in lower fees and faster confirmations.
In November, Bitcoin Cash overtook Ethereum’s market cap to become the second-most valuable crypto but has fallen back into the third position. Out of a maximum supply of 21 million, nearly 17 million is already in circulation.
The aforementioned is just how these cryptos have fared so far. However, all crypto currencies are subject to extreme volatility and risk.