Today is 1st January and I have made my purchases. A small bag of 10 different cryptocurrencies I feel will give a great return in the following months. After much reading, learning and researching I have formed a list of these coins that can very well give higher returns than the King Mr. Bitcoin. Without further ado, here’s the list and the reasons for such investment.
Contents
10 – Enigma (ENG):
Market Cap as on 01st Jan: US $188 Million
The Project: While Blockchain boasts about transparency, Enigma is trying to keep the data on blockchain secret and yet decentralised.
Who Created it: The team comes from MIT. ‘nough said.
The details: Keeping aside the alleged 25 BTC demand from Mr. John Mcafee for promoting this coin, the project does carry a punch. Enigma is delivering decentralisation with security. The MIT bred team is promising decentralised apps with secret contracts that will be keeping your data safe.
Enigma has already launched one decentralised app, catalyst. Catalyst is an open source trading simulator with support for major exchange platforms. If you have a theory, build an algorithm and put it to test on catalyst. Catalyst will use the historical trade data to determine the output. In my opinion, enigma is staying here for the long run.
Where did I buy? – Binance
9 – Tron (TRX):
Update: Tron is up 500% from 2nd Jan, 2018 today on 5th Jan.
Market Cap as on 01st Jan: US $3.18 Billion
The Project: Platform to create, share and store entertainment content on Blockchain.
Who Created it: Justin Sun.
The details: Well, I must say a huge credit for the rise of Tron goes to none other than Mr. John Mcafee again. However, this time he did get a good one out.
Tron is a long term Hodl. Those who are flipping it are losing out.
— John McAfee (@officialmcafee) December 26, 2017
Tron is envisioned as the blockchain to store your digital content and share them across the planet. What it means is Tron will enable content sharing for free, truly free. Some might argue we don’t need such a platform but imagine an open source platform which is oh-ever improving thanks to the very community it is serving to. When was the last time you actually enjoyed the interface of Facebook and Youtube? It is full of shitty content thrown up on your face. Mine included.
Where did I buy? – Binance
8 – Verge (XVG)
Market Cap as on 01st Jan: US $2.21 Billion
The Project: Fast transactions on an open-source blockchain ledger, that can be public or private.
Who Created it: Sunerock.
The details: Verge currency provides everything that the king Bitcoin doesn’t. Fast transactions – Check. Lower fees – Check. Private Ledger – Check.
I’ve read the “Black” Paper of Verge currency, sort of. The wraith protocol is absolutely amazing. Imagine being able to switch from a public ledger to a private ledger at the flick of a switch. These are verge’s advantages. Sure Monero (XMR) does the same thing as people would say, but what’s wrong in having more and more brilliant privacy currency?
Mark my words, let the wraith protocol be deployed. Verge will show the true colours then. Till then we will enjoy the banter between Verge and the one and only Mr. Mcafee.
Where did I buy? – Binance
7 – Monero (XMR):
Market Cap as on 01st Jan: US $5.42 Billion
The Project: Privacy coins, privacy coins, PC everywhere.
Who Created it: Anonymous as it is with these super-developers
The details: The appeal of Monero? Anonymity. With Monero, the details of every transaction, including sender, receiver and size, are recorded on a public ledger, but are reportedly untraceable.
Hey, remember the cyber attack “Wannacry” that affected over 230000 computers worldwide? Yeah, the hackers asked for ransom to be paid in Monero. Although, as usual the privacy coin companies seem to be playing the same tape when it comes to the use-case of their coin. Much like Verge, Monero says that the actual use of their privacy can offer businesses to send data across without worrying about the competitor finding out.
Monero recently said 45 musicians, including Lana Del Ray, Sia and Dolly Parton, will be accepting Monero. Many will even offer discounts to those who pay with it.
Well, if I am not buying them, I am definitely planning on mining them. Monero is here to stay.
Where did I buy? – Binance
6 – ETHLEND (LEND)
Market Cap as on 01st Jan: US $168 Million
The Project: Decentralised lending platform. No it is not Salt.
Who Created it: Stani Kulechov
The details: Let me express my grief about how much I regret selling my LEND tokens. It was an impulsive decision to sell them off for 300% profit. The LEND token closed year 2017 with over 1000% rise from the ICO price. It is not a fake pump, mind you. They did everything right in my book.
The Alpha of their decentralised App/Lending platform was ready before the pre-sale. The Pre-sale completed in 77 hours, the ICO in less than 2 weeks, and their lending platform has already been used to loan over 500 ETH. The simple platform allows you to place your ERC-20 tokens as collateral for an ETH/USD loan. Anyone, anywhere in the world can borrow money from anyone else from anywhere in the world. Make sense?
I have finally decided to slowly accumulate by LEND tokens back. This one is for the long term.
Where did I buy? – I bought in pre-sale, now I am buying on Binance
5 – Omisego (OMG)
Market Cap as on 01st Jan: US $1.92 Billion
The Project: A blockchain network that co-ordinates with all possible entities to ease the conversion and transfer from one currency to another, from one location to another at low cost and high speed.
Who Created it: Omise was formed in 2013 by Jun Hasegawa and Donnie Harinsut. The founder of Ethereum network Vitalik Buterin is their advisor.
The details: What does the world need? The world wants to send money faster from one place to another and convert them at the most profitable exchange rate in the process. What does omisego provide? Exactly this.
Omise’s partnership in Asia with multiple corporations and Vitalik Buretin’s advisory is one sure way to determine that the project will be a success. 2018 is when we hope to see the blockchain go live with the decentralised exchange. When it does, you would want some of these tokens in your bag.
I even gifted a few of them to my friends for their wedding.
Where did I buy? – Coindelta
4 – IOTA (MIOTA/IOTA)
Market Cap as on 01st Jan: US $10.18 Billion
The Project: No transaction fee, no mining, no blocks. Use of a new distributed ledger instead of blockchain, it is called Tangle.
Who Created it: David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov, a team of entrepreneurs, mathematicians and developers.
The details: Blockchain based ledgers are old. Iota brings in the new. The first ever cryptocurrency to be created without the use of a blockchain. IOTA uses a new generation distributed ledger called the tangle.
Tangle uses the computing power of one transaction to confirm 2 other transactions. IOTA primarily focuses on becoming the pioneer in transferring payment from machine-to-machine. In the world of Internet of things, this is a necessity. What intrigued me more is the ternary system deployed instead of traditional binary system. While this can be a hinderance when it comes to “interacting” with other systems, I am positive, because no innovation became revolutionary without jumping some hurdles.
My vote goes to IOTA thanks to its infinite scaling, offline transactions and zero-fees.
Where did I buy? – Binance
3 – Neo (NEO)
Market Cap as on 01st Jan: US $4.9 Billion
The Project: No transaction fee, no mining, no blocks. Use of a new distributed ledger instead of blockchain, it is called Tangle.
Who Created it: Da Hongfei , CEO of Onchain and blockchain evangelist in China, along with co-founder Erik Zhang
The details: Neo, oh well, haters hate it, lover love it, but no one can ignore the rise in its value of upto 50000% in the year 2017. If China eases its stance on ICO, Neo could become the ‘Ethereum of China’ with ICOs piling up on the home-grown blockchain we call Neo.
The first time I invested in Neo was when it was $30, I put some money in it because it reminded me of Keanu Reaves from The Matrix. The second time I was intrigued when Coindelta decided to run a vote for the next coin on their platform and Neo was in the lead till XRP community got wind of the vote and blew the results away.
People are still divided about Neo, I prefer it, while many don’t. It was called Antshares and was later renamed referencing to Neo from The Matrix. Woah. My bet depends on the possibility of Chinese projects building up on Neo’s network.
Where did I buy? – Binance
2 – Litecoin (LTC)
Market Cap as on 01st Jan: US $12.5 Billion
The Project: No transaction fee, no mining, no blocks. Use of a new distributed ledger instead of blockchain, it is called Tangle.
Who Created it: Former Google employee Charlie Lee
The details: Litecoin is the silver to Bitcoin’s gold. It was created in 2011 with one important goal in mind – reducing the time to transfer. Litecoin is faster and has more coins than bitcoin (84 Million). 2017 was a good year for Litecoin and it all began when Steam decided to drop Bitcoin and rumour went around that they will accept Litecoin as a payment method for their gaming platform.
Now imagine, as our King Bitcoin gets more and more cumbersome to deal with, who you gonna call? Get on the LTC train now, this is what I feel. Charlie Lee allegedly sold off all his LTC last year surprising many in the community.
Where did I buy? – Koinex
1. Cardano (Ada)
Market Cap as on 01st Jan: US $18.34 Billion
The Project: A new blockchain network with smart contract capability.
Who Created it: Blockchain developer Input Output Hong Kong (IOHK)
The details: I’ll be honest. Cardano has made it to my list not because of my personal research but due the hype surrounding it. The coin Ada rose up 1500% and had reached top 10 in terms of market cap. I say we get it now because this is only going to rise when the platform actually comes out.
Cardano’s roadmap for 2018 states that the platform will go live somewhere around second quarter of 2018. You hear that? 2018. It is going to be a good year.
The project began in 2015 and billed itself as the first blockchain network backed by a “scientific philosophy” and built by leading academics and engineers through peer-reviewed research.
Where did I buy? – Binance
That’s it. Those are my top 10 picks for long term investment in 2018 and I literally bought all of them right before writing this blog.
Here’s a small tip: You can never go wrong with ETH quite honestly. I am looking forward to games based on Ethereum.
See you again on 01/Jan/2019 with the profit percentages. See ya.
Update: We had incorrectly mentioned that Steam is accepting Litecoin payments while it was just a rumour.
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