Happy New Year! 2018 is bound to be a very exciting time for cryptocurrencies. After the amazing growth we have seen in the blockchain space in 2017, we have high expectations that many cryptocurrencies will continue with phenomenal growth. Below are our top picks for 2018, including cryptocurrencies we have personally invested in.
We will admit we missed this one during the ICO. Enigma pitched quite hard on their Catalyst project (which itself is impressive as a data-driven crypto investment platform), but the real hidden value here is that Enigma is a protocol designed to provide decentralized and secure applications with full privacy. Think Smart Contracts with privacy. What Monero is to Bitcoin, Enigma may be to Ethereum. That alone has us intrigued for the future potential. Add off-chain settlement as a second-layer, and Enigma has the potential to solve a lot of blockchain’s scalability issues as well. If they can pull this off, and reel in some third-party partners to utilize the protocol, we think Enigma has great potential for growth in 2018.
This is a complex project. Go read their whitepaper… Wow. Impressive, and also a bit overwhelming. This is still a relatively unknown project for most in the Western world, and some have referred to it as the Ethereum of South Korea. And we know South Korea is currently nuts for crypto. In reality, ICX is about to launch their mainnet and already have dozens of partners lined up. Move over NEO? Maybe… This is a very ambitious project, but it has a great (and large) team behind it, and we think a lot of potential for explosive growth in 2018. Oh, did we mention that it is not yet available on any Korean exchanges? Once it is, we think Icon will increase substantially.
It looks like Request Network got a New Year’s Eve pop, but that shouldn’t discourage you from looking into it for 2018. Request has a great team behind it, a Y Combinator connection, and is on the verge of their first release, Colussus. Even still, this first version is just a small preview of what is possible for Request in 2018 and beyond. This is a long-term hold in our book thanks to the combination of strong technology that solves real-world business problems, partnerships already in the works, and the inherent burn function (some REQ gets destroyed on each transaction, reducing the supply over time). Some have referred to Request as Paypal 2.0, and that alone would be amazing, but we agree that it is much more.
We love Ark for the fact that they have a great team that continuously delivers without any pomp and circumstance. They don’t set specific dates, but they keep releasing features and updating their roadmap towards building technology to (potentially) bridge all blockchains together. Like Ark’s name suggests, SmartBridge technology could help the ‘rising tide lifts all boats’ in the blockchain space. Also the team is working on the Ark Virtual Machine, allowing the issuance of Smart Contracts, similar to Ethereum. Oh, and the 8-10% annual return via the Delegated Proof-of-Stake doesn’t hurt either. Buy ARK, move it to your private wallet, vote for a delegate that is contributing to the project, and sit back for what should be a great 2018.
The safe pick perhaps, but there is absolutely no doubt that Ethereum has wind at its back. Although recent scaling issues have arisen, solutions are nearing, and it is clear that Ethereum has the greatest developer support in the space. Although the “flippening” (Ethereum surpassing Bitcoin’s market cap) didn’t happen in 2017, we think there is a good chance that it will happen in 2018. Assuming Bitcoin’s market cap increases by approximately 50% in 2018 (a quite safe assumption based on the historical record), and a flippening does happen, we have a target price of around $3,000 by end of the year. We aren’t the first (or the last) to come to the conclusion that Ethereum is going to have a great 2018. Keep that in mind when investing in any ICOs – can the returns beat ETH?
Honorable mentions: Lisk (LSK), RISE (RISE), Komodo (KMD), Binance (BNB), Enjin (ENJ), and Monero (XMR)
We also have two additional, special category picks:
Blockmason is definitely flying below the radar, with a market cap of only $20 million as of this writing. Yep, less than DopeCoin or Russian Miner Coin! Blockmason has a highly polished team (with a number of of Harvard grads and their FinTech industry connections) that is working quickly to establish the Blockmason Credit Protocol as the means for tracking (and settling) debts via the Blockchain. In addition to the imminent release of their own LNDR app (basically Venmo-on-the-blockchain), Blockmason has also recently announced their first third-party partnership for the protocol. Add in an Ethereum co-founder (Anthony Di Iorio) as an advisor, and the famed Johan Kim to help with the Korean market, and Blockmason appears to be on the road to break out success in 2018.
Yeah, their name is pretty terrible, conjuring up digital television thoughts from the 1990s, but SingularDTV is on a mission to tokenize the intellectual property of musicians, film makers and television producers, creating a unique token economy for both artists and fans alike. They suffered a bit of rough patch near the end of 2017, releasing rushed versions of their Tokit and SingularX platforms, but have a large team of over 50 staff dedicated towards making this project a long-term success. Even with these challenges, they are still ahead of most utility tokens in that they have a working product, even if it is a bit rough around the edges. The recent lowered expectations as a result has created a nice buying opportunity for SNGLS, trading as low as USD$0.14 in the last week.
Add your comments below on what you think will be the top tokens in 2018. Wishing you great (crypto) success in 2018 and beyond!
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