As we concluded the year of 2017, it's safe to say that crypto is a thing and it looks like it's here to stay. As you can see from the chart below, the global market cap of crypto has surged since 2013 signaling strong current and ongoing demand. There have been many reputable cryptos hit the market, but people also argue that many of them are "pump and dumps". We agree that many are potential scams and that's why it's important to do your research before making any decisions on them. On the flip side, we see a handful of cryptos that are building value and market opportunity based on the solution they are trying to solve. The research component is so important due to the fact many of these cryptos since 2013 have disappeared and so have many peoples investments! A cool picture below shows a chart from 2013 and some of the names that were on the leaderboard, many of which nobody can find now.......
What to Watch in 2018?
Bitcoin Cash (BCH):
Market Cap: $47,044,747,365
Current Price: $2,784.00
2017 Results: +623%
Bitcoin Cash was created in August of 2017 in result of the Bitcoin hard fork. The original Bitcoin struggled with processing times and fees. Bitcoin Cash was created to fix this with greater block size limits, lower fees and faster transactions. Many argue that Bitcoin Cash could reach Bitcoin prices as it continues to be more efficient than the original Bitcoin. Roger Ver who was the very first investor in Bitcoin, has begun to throw the original Bitcoin under the bus due to inefficiencies with the developers running it. He has stated numerous times that Bitcoin Cash will be the winner in the end due to having the old traits of the original Bitcoin which was the driver behind its popularity.
Ripple (XRP):
Market Cap: $122,889,090,067 Current Price: $3.17 2017 Results: +41,000% As you know from recent blog posts, Ripple continues to be our favorite crypto going into 2018 and beyond. We still think the $3.00 levels are cheap in our opinion. Not only is Ripple entering the cryptocurrency market, it's establishing a system through it's blockchain technology for payment providers and banks to utilize; in order to enhance money movement and lower fees. Many Bitcoin lovers are hating on Ripple due to the fact most Bitcoin investors are anti-gov and anti-banking. On the flip side Ripple has said numerous times they are not anti-gov nor anti-banking. They actually want to work with banks to create blockchain solutions for the trillions that flows through banking. They currently work with over 100 banks and continue to crack deals with big name companies (a characteristic that many cryptos can not brag about up to this date). As we enter 2018, it will be interesting to see where this price goes. Sky is the limit in our opinion if Ripple continues to build on their current business model.
Monero (XMR):
Market Cap: $7,279,201,689 Current Price: $467.00 2017 Results: +2,596%
Just like Bitcoin, nobody knows who has created the crypto. People consider Monero to be a "privacy coin". The reason for this is because essentially every aspect of Monero is untraceable. This means that who ever is sending or receiving Monero payments is untraceable. This is kind of sketchy in our opinion because we do not see how it could be beneficial to society. Monero seems like a great candidate for hackers/cyber criminals to do business. On the other hand, we could see some potential uses for it on a macro level. IF corporations want to utilize it, they could hide transactions from competitors which is also something Monero brought up a while back. As society continues to become more private in a sense, we do see some growth of this coin going into 2018. We will watch to see how effective it can penetrate the crypto space.
TRON (TRX):
Market Cap: $11,097,111,422
Current Price: $0.16
TRON is a blockchain system for digital content. What this essentially means is that digital media producers that use TRON, have complete ownership and control of the data they create. This means they get to control how it's distributed to their potential customers. Right now intermediaries such as Google Play and the Apple Store provide these services for many digital media producers. IF these producers utilize TRON, they will no longer have to pay services like Google Play and the App store to get their product main stream. TRON is interesting because it's both very new and entering the digital media industry. Over the last 5 years, we have seen digital media grow substantially. IF theres a way for TRON to enter this market and provide blockchain solutions, you could see it's growth/market share skyrocket in our opinion.
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