The Biggest Cryptocurrencies to Appear in 2018 So Far

2017 was an interesting year for the cryptocurrency market. On the first of January last year, the market cap was an astonishing $17 billion, but that's nothing compared to what the markets accomplished as the year continued. At its peak, the overall market evaluation surpassed the $600 billion mark, leaving us wondering what we could be looking at in 2018. If you've been keeping track of the alternative currencies and coins, the main thing you'll want to know is which are the best cryptocurrencies to invest in right now.

2018 has seen a huge transformation in the value of cryptocurrencies. Most of the cryptocurrency evaluations have dropped, and for this reason, a lot of new and existing investors have abandoned the markets. However, now when market prices are much lower than they were at the peak of the crypto popularity, it could be a good time to invest. With that in mind, we've decided to share our favorite cryptocurrencies on the market to look at in 2018. All the options listed in this article are based on our personal opinions, so please don't take our suggestions as an investment advice.

The opinions suggested here belongs to the writer alone, and they are not approved by any investment authority. If you do decide to invest, you should do so with absolute caution. With that out of the way, let's have a look at some of the biggest players this year.

1. NEO

NEO saw a significant rise in 2017 after it's rebrand. However, that didn't stop the price hike when it’s popularity started to grow even further. Known to some as the Chinese version of Ethereum, NEO is a powerful solution for many investors. The tokens that are currently issued on the NEO blockchain are known as NEP5 tokens. This is a huge step forward for the coin since it means an increased utility of the NEO currency. Additionally, the NEP5 tokens have seen a significant amount of media coverage, as they have been particularly compliant in regards to Anti Money Laundering laws.

Another thing that makes NEO one of the top cryptocurrencies on the market is also the fact that holding NEO on their official wallet provides users who stake their coins with the GAS tokens. Those tokens are used to pay deployment and running of smart contracts on the NEO platform. Some people argue that GAS might become very valuable once its issuance is finished. The tokens value would mainly depend on the usage of the NEO platform.

The founders behind NEO have helped to facilitate a cryptocurrency revolution. They're building an intelligent economy for cryptocurrency traders combined with the various NEP5 projects available in the form of ICOs. The ICOs available from NEO are some of the best performers in the market to date, and they're also some of the most appealing projects in the space.

2. LiteCoin

Even if you've only just begun to explore the potential of Bitcoin and cryptocurrency, there's a good chance that you've already noticed Litecoin. Many regard Litecoin to be one of the closest competitors to Bitcoin in the field of peer-to-peer transactions. Litecoin is incredibly similar in how it's used since it is a fork from Bitcoin. However, Litecoin transactions are both cheaper and faster than Bitcoins, mainly due to the fact that Litecoins blocks are only a quarter the size of Bitcoins. Litecoin has also invested in some unique developments which focus on the wider acceptance of the cryptocurrencies, by offering user-friendly solutions when purchasing and using their coin.

Another important factor that's pushing Litecoin into the limelight is the low maximum on the number of coins you can produce. This is a very good indicator of potential value, as it helps to increase the scarcity of the currency. Litecoin has a maximum coin count of 84 million. Additionally, the team behind Litecoin has a strong social following, since it is one of the oldest cryptocurrencies on the market. Therefore it is one of the most recognized cryptocurrencies out there.

3. Binance Coin

Finally, the last choice for the cryptocurrencies to watch this year is the Binance coin. The BNB has surged into popularity as Binance became one of the most popular cryptocurrency exchanges on the market. The exchange is a leader in trading volume for a number of different currencies while also having the highest combined volume of all other exchanges. It could be a valuable cryptocurrency to invest in because it offers a powerful solution for today's crypto market. When it was first launched in 2017, the aim was to provide a secure and fast platform for trading cryptocurrency around the world.

One of the most interesting things about Binance is that they have their own coin available. The coin offered by Binance is riskier than the other two cryptocurrencies listed in this article, but due to the growth potential of the coin, it still deserves to be mentioned. Binance coin users have an incentive to hold onto their BNB because the transfer fees on Binance are much lower when they are paid with their token. Furthermore, Binance announced that their top coin holders would receive a free air drop. This could be an indication that Binance is going to continue offering incentives going forward. Binance has also announced that they have a plan of repurchasing and burning their own tokens in order to reduce the number of total BNB on the market. This is something that the company refers to as Binance Coin Burn.

And there you have it, the top summary of the best cryptocurrenciesthat interested parties could consider investing in this year. Remember, our summary is based entirely on our own opinions, and it's crucial that you do your own research if you want to make an investment.