Promising cryptocurrencies. How and where to find out: Which cryptocurrency is the most promising? The main risks associated with cryptocurrency

06.01.2022

Advice

Cryptocurrencies have a huge investment potential, which can be seen at least in the dynamics. In just a year, the main cryptocurrency of the world has grown more than 10 times, reaching the $ 7,000 mark. And experts believe that this is far from the limit forBTC.

At the moment, there are approximately 2,000 cryptocurrencies or tokens... Can you imagine how many investment opportunities you have? Among this thousand (in the future, there will be even more coins), 100% are potential "stars" of the world of cryptocurrencies. They can make their own to the moon. That is, to seriously skyrocket in price. We will try to find the most promising coins for 2018.

Before considering the list of promising cryptocurrencies, let's define the main factors that you should pay attention to when evaluating a particular crypt:

Who is behind the coin and what is their reputation?
Are there any developments underway to improve the cryptocurrency?
What technology is behind the coin?
Does the crypt have additional functions and capabilities?
Can cryptocurrency be mined or was it issued immediately?
Current value?
Is cryptocurrency traded on an exchange?
Is there potential for growth?

As you can see, there are really many factors. Including those for which it is difficult to make an objective assessment. Therefore, our list is subjective and not the final resort. Well, you know the world of cryptocurrencies. Everything here can change in one second.

Let's make a reservation right away that only full-fledged coins that are already traded on exchanges will be considered in the material. Those. serious projects with a reputation. This is not a review and their tokens.

Below is our top in arbitrary okay.

Cardano

The project appeared almost out of nowhere and in a matter of days burst into the number of top currencies in terms of capitalization. This is a very solid open source blockchain development project. In short, it is an analogue of Ethereum, only of the "new generation".

The main highlight is a strong development team, scientific approach and very ambitious plans. And the big words in the world of cryptocurrencies love - take it at least. But in this case, real professors, scientists and engineers are working on the project, and in total three companies are involved in the work at once.

Well, and an important fact: the leader of Cardano is Charles Hoskinson, co-founder of Ethereum.

Stellar lumens

Was in the shadows for a long time. More precisely, it didn’t shoot like some other currencies. By the end of 2017, its power is truly tangible.

This is a payment infrastructure development project supported by IBM. And this fact alone speaks volumes. Companies of this level do not take anyone under their wing.

Moreover, Stellar is focused on working within the banking system, has already been tested in "field conditions", and is in contact with some banks.

It is also a platform for developing applications - like Ethereum. Only with scalability, Stellar is all right ...

Request Network

This is something like PayPal 2.0. In general, the project is similar to Stellar in its purposes, but primarily differs in that it is built on Ethereum (and therefore has a number of corresponding disadvantages).

The project is called one of the most underestimated at the end of 2017. The development team is great and the global Colossus update, scheduled for Q1 2018, was released in mid-December!

RaiBlocks

Until recently, the project was not widely known. But the coin is actively being developed and is considered one of the fastest of its kind. The main purpose of this coin: instant, almost free transfers in any amount within the system.

It's hard to see the potential behind a fairly simple official website, but it definitely is. The coin has hardly advanced in any way and is still traded on a couple of provincial exchanges. Despite this, Raiblocks is growing just before our eyes and is already approaching the top 30 in terms of capitalization.

Steem

This is a token related to the Steemit platform. This is a decentralized blogosphere where authors are rewarded for their posts in local currency - Steem dollars. These dollars are then exchanged for a public Steem token, which in turn can be converted into fiat (dollars, euros ...) on a cryptocurrency exchange.

The potential of the Steem token lies in the value of the platform itself. Members are focused on creating quality content, as they receive monetary rewards for this. The better and more you write, the higher your earnings. Inside the platform, there is Steem Power, which allows members to vote. To get it, you also need to use the dollars you earned.

The idea of a blogosphere with monetizing copyrighted content has proven to be very innovative. Without Steemit, projects like or Nimses would not have appeared. Now there are about 400,000 registered users on the platform, and the daily traffic exceeds 10,000.

The potential for growth is enormous. When searching for content in search engines, materials with Steemit are often in the first lines of search results. The blogosphere was launched in March 2016, and already in 2018 it can get a millionth user.

ARK

What's happened ? The official page of the project says the following:

“Provides users with innovative practices through the development and integration of blockchain technology. Being flexible and adaptable,Arkis a secure platform for mass use and delivery of services of interest to consumers. "

There is technology behind this cryptocurrency SmartBridge... Its value lies in the fact that blockchains of different cryptocurrencies can be connected through a "bridge". Imagine being able to connect to the blockchain via. That sounds good.

The development is carried out by a competent and active team. Among the associates of the project are the developers who were involved in the launch of Lisk and Crypti. The Ark blockchain can delight users with a high transaction speed, a special system of physical cards and a secure file system. The coin looks promising and full-fledged. So its price should rise in 2018. The partial "native" was already in 2017.

Siacoin

No, this cryptocurrency is not named after the popular pop singer. But it is consistently included in the top 50 capitalization rating and has good potential for growth.

The currency has an emission ceiling of 40 billion coins, which will be reached in the near future. The value of a coin lies in the fact that there is a real product behind it. More precisely, a decentralized storage space with a high level of protection against hacker attacks. In this regard, it can give odds to many cloud services.

Yes, the competition in this environment is high: Amazon S3, Google Drive, DropBox. However, Siacoin offers increased protection for a lower cost. To use the service, it is enough to have 2000 coins. Taking into account the fact that the emission of coins has its own ceiling, in the future this will provoke a serious increase in the price of the cryptocurrency.

So far, SIA is a pioneer among blockchain storage platforms. If you study future ICOs, it is easy to see how promising this direction is.

Monero

People often think of Bitcoin as completely anonymous, which is not entirely true. But anonymity is definitely one of the strongest sides of cryptocurrency. This is one of the reasons for the rise in the rate of the coin in 2017.

Another interesting fact about XMR is that it is still mined on conventional computer processors. And millions of viruses in computers of ordinary users called "hidden miners" extract just Monero.

Also, when a transaction is carried out, it is split into several small operations. That is, if you transfer 100 XMR, then they can come in three operations in 20, 30, 50 coins. Unlike Bitcoin, other users cannot trace the route of a transaction on the blockchain.

Given the fact that Bitcoin may be "squeezed" in many countries in 2018, an anonymous cryptocurrency like Monero will only benefit from this.

Ethereum

Proven to be promising and attractive in 2017, firmly becoming the second most popular cryptocurrency in the world. When the price of ether reached $ 300 in the summer, the hotheads predicted $ 1,000 by the end of the year. It did not grow together. Till.

Numerous ICOs and hundreds of new cryptocurrency projects are the merit of the Ethereum platform and its smart contracts. The Ethereum blockchain has truly revolutionized this environment. On the basis of this platform, startups are created and projects are released that really add value to the digital world.

Why is it promising to invest in ETH? At least because of the implementation of the Proof-of-Stake protocol, which will actually stop mining cryptocurrency. By the time Proof-of-Stake is introduced, a serious jump in the rate of this currency is expected. And even $ 1,000 doesn't seem like something out of reach in 2018.

OmiseGO

Based in Thailand and dedicated to reforming the payments industry in southern Asia. OMG is based on the Ethereum blockchain. The platform allows for real-time currency exchange between representatives of different jurisdictions. Both cryptocurrencies and fiat (dollars, euros, etc.) are supported.

OMG token holders are rewarded through commissions. This means that the more transactions there are in OmiseGo, the more earnings the network members will receive. And the higher the price of the coin will be.

The coin has a high ceiling, since it is really possible to attract large companies to the project, and a cool team is engaged in its development.

IOTA

One of the most popular non-blockchain cryptocurrencies in the world. It is an innovative transactional project for the Internet of Things. It uses Tangle technology - an improved version of the blockchain without the latter's shortcomings.

On-net transactions are free of charge. Crypto mining is impossible, and there are no restrictions on the number of transactions. So scaling is not an issue for IOTA. The crypto is not threatened with a fork, and an interesting direction (Internet of Things) promises To the Moon.

Golem

One of the most interesting projects based on the Ethereum blockchain. This cryptocurrency platform is the world's most powerful decentralized supercomputer, which in theory can perform a variety of tasks: scientific research, writing terabytes of files, and even watching movies :). It will unite the capacities of all network participants to solve these and other tasks.

Golem has tremendous potential when dealing with large amounts of data. In theory, the platform can make forecasts for stock markets, determine trends in the economies of different countries, and even create medical consultations.

Golem has virtually no limits. This means that the project is potentially multi-useful. Is this not an indicator that the cryptocurrency has real value? GNT owners may be rubbing their hands because the next few years promise to be a stellar time for Golem. After all, the platform is just beginning its long journey. And for the success of this network, every computer and smartphone of its participants is important. So, to some extent, the prospects for Golem depend on you.

Ripple

Borrowed SWIFT technology from banking and implemented a small but very useful improvement. Within Ripple, all transactions occur several times faster than with bank transfers. At the same time, the commissions are also several times lower.

The benefits of Ripple in recent years have become apparent to a number of major global banks: Abu Dhabi Bank, Standard Chartered, Santander, Shanghai Huarui Bank, Unicredit, SBS, Reisebank, ATB Financial and many others.

Ripple is not exactly a cryptocurrency, but rather a super-powerful payment system with elements of cryptography. The coin is far from new on the market, but it has great potential due to its ability to integrate into the banking system. We expect Ripple to stop being a cent coin in 2018.

NEO (ex ANShares)

A platform of "smart assets and applications", which Alibaba had a hand in creating. Basically, it is the Chinese version of Ethereum. And like the original, it just blew up the cryptocurrency market in 2017. If you invested $ 20,000 in NEO in late spring, you would be a dollar millionaire by the end of autumn.

It seems that the moment of manifold increase in value has been missed. Yes, expecting 5000% ROI again within six months is a very big optimist. However, the cryptocurrency has a good chance of breaking the $ 100 mark. Why? If only because the crypt has survived the change in ICO laws in China and retained its $ 2 billion capitalization. As soon as the situation stabilizes, the Chinese airwaves will go up the hill again.

We not only talk about the situation in the cryptocurrency market and the most important events, but also review new, interesting and promising coins. So come visit and make yourself at home.

Every day more and more people learn about cryptocurrencies and the cryptocurrency market, and many of them are trying to make money by investing in various coins while often losing money. In cryptocurrency, one can observe a pattern that unknown and cheap coins, with promising technology, can grow tens of times and bring good profits.

In this selection, we have collected the most promising cheap cryptocurrencies in 2018 that you can buy on exchanges right now. You don’t have to buy a lot of coins, a small amount is enough, and when the coin makes a leap, then you will remain in the black. But note that I am not giving any financial advice and there is no guarantee that even one coin on this list will grow. Therefore, before investing in anything, analyze and think for yourself.

The most promising cheap cryptocurrencies 2018

All coins in this list are sorted by capitalization, because the more money has already been invested in a coin, the less likely it is of poor quality.

1. Ripple

Ripple is one of the cheapest and most promising cryptocurrencies. Despite the fact that it violates all the basic principles and ideas of cryptocurrencies, it is very popular among banks and organizations. This coin is centralized and operated by one company, but that did not stop it from growing from 6 cents to three dollars in 2017. The coin is an instant transaction system that allows you to transfer any currency anywhere in the world. Now developers are actively establishing cooperation with banks. And despite the fact that now the rate of all cryptocurrencies is falling, this coin has great prospects.

Year of creation: 2014;
Designation: XRP;
Growth for 2017: x500;
Mining algorithm: No;
Number of coins: 99 992 725 510;
Mined coins: 39 009 215 838;
Exchanges: Poloniex, Binance, Bittrex, HitBTC, Bitfinex and others.

2. Cardano

The developers claim that Cardano is a new decentralized platform designed to create a decentralized economy and democratize finance in emerging markets. The cryptocurrency does not have significant advantages over competitors, it supports smart contracts, privacy and security. But the developers promise many innovations in the future, for example, separate layers for operations with tokens and processing of smart contracts.

Year of creation: autumn 2017;
Designation: ADA;
Growth for 2017: x100;
Mining algorithm: PoS;
Number of coins: 31 112 483 745;
Mined coins: 25 927 070 5388;
Exchanges: Bittrex, Binance, Upbit;

3. EOS

EOS is the most stable currency on the list of promising low-cost cryptocurrencies. It is a decentralized operating system based on its own blockchain architecture, which was created to solve problems with the scalability of smart contracts. The platform has its own databases, authentication and account services, as well as management of the execution of decentralized applications and their distribution. This allows the architecture to scale to billions of transactions per second. Another plus of EOS can be considered that it did not fall very much, even with the recent fall of the entire market, when Bitcoin dropped to 7 thousand dollars. At the moment, EOS is just an Ethereum token, but this is only so far the developers are making their own platform.

Year of creation: spring 2017;
Designation: EOS;
Growth for 2017: x10;
Mining algorithm: PoS;
Number of coins: 900 000 000;
Mined coins: 649 449 582;
Exchanges: Binance, Bitfinex, Kraken, HitBTC.

EOS cryptocurrency presentation in Russian:

4. Stellar Lumens

This is one of the must-haves on our list of the cheapest and most promising cryptocurrencies. Stellar is actually an open source analogue of Ripple, the developers set themselves almost the same goals as the developers of Ripple, but unlike that coin, Stellar is open source, decentralized and community-oriented. Many bode well for Ripple's success because banks will use it, but if Ripple grows, so will its free alternative.

Year of creation: Spring 2014;
Designation: XLM;
Growth for 2017: x400;
Mining algorithm: PoS;
Block time: 3.5 seconds;
Number of coins: 103 649 583 897;
Mined coins: 18 436 222 998;
Exchanges: Binance, Poloniex, Bittrex, Kraken, CEX.IO.

5. NEM

NEM is another cryptocurrency designed for banking, written in Java and JavaScript. In addition to money transfers, the NEM cryptocurrency has a built-in chat for transmitting encrypted messages, as well as the Eigentrust ++ reputation system. Confirmation of transactions is carried out according to its own PoI algorithm, this is the same PoS, only here the user's activity is also taken into account. The main advantage of the algorithm is that the more transactions you perform, the more reward you will receive for confirming blocks. NEM already has several agreements with Japanese banks.

Year of creation: early 2015;
Designation: XEM;
The country: Japan;
Growth for 2017: x250;
Mining algorithm: PoI;
Number of coins: not limited;
Mined coins: 8 999 999 999;
Exchanges: Poloniex, Bittrex, HitBTC.

6. IOTA

Iota is a cryptocurrency for the Internet of Things. A very interesting project, considering that there is no mining here, as well as there are no miners. Anyone who wants to send a transaction must confirm two existing ones using PoW. Thus, there are no transaction fees. Instead of a blockchain (chain), IoTA uses a confusion in which blocks do not go in one chain, but are mixed in a certain order. In the future, it is planned that this coin will be used on more than 50 billion devices.

Year of creation: summer 2017;
Designation: IOTA;
Growth for 2017: x12;
Mining algorithm: PoW;
Number of coins: 2 779 530 283;
Mined coins: 2 779 530 283;
Exchanges: Bitfinex, Binance, Coinone.

7. Tron

Tron is a platform for distributing digital content, applications and other information over the Internet in a copyrightable manner. All this content, including games and applications, will be sold for the local currency - Tron, but other popular cryptocurrencies will also be available. All platform source code is open source, and the platform will be decentralized. Now the cryptocurrency works on the basis of the Ethereum network, but in the future it is planned to switch to its own platform.

Year of creation: autumn 2017;
Designation: TRX;
The country: Singapore;
Growth for 2017: x200;
Mining algorithm: No;
Number of coins: 100 000 000 000;
Mined coins: 65 748 192 476;
Exchanges: Binance, Bitfinex.

8. OmiseGo

OmiseGo is a financial transfer and asset trading platform powered by the Ethereum network. The development council includes key Ethereum developers, including Vitalik Buterin. Internal transfers are performed using the OMG token; the advantages of the platform include instant transfers, low commissions, mobile banking and support for working with fiat money.

Year of creation: 2017;
Designation: OMG;
The country: Eastern Europe;
Growth for 2017: x36;
Mining algorithm: PoS;
Number of coins: 140 245 398;
Mined coins: 102 042 552;
Exchanges: Bitfinex, Binance, Poloniex.

9. Icon

Icon is a Korean platform that aims to provide a tool for interoperability between blockchains and supports the execution of decentralized applications. The platform is designed to be used by various companies for financial transfers; agreements have already been signed with several banks, universities and hospitals. In addition, this cryptocurrency is officially supported by the Korean government and created with its support.

Year of creation: 2017;
Designation: ICX;
The country: Korea;
Growth for 2017: x44;
Mining algorithm: PoS;
Number of coins: 381 495 014;
Mined coins: 400 230 000;
Exchanges: Binance, HitBTC.

10. Stratis

Stratis is a UK based platform that allows companies to build their blockchains in the C # and .NET programming languages, which enables high speed development of new blockchains. In fact, the platform can be called an analogue of Ethereum, with such advantages as PoS mining, smart contracts in the C # programming language and support for smart contracts for child blockchains (tokens). Another plus for Stratis is its active collaboration with Microsoft.

Year of creation: 2016;
Designation: STRAT;
The country: Great Britain;
Growth for 2017: x260;
Mining algorithm: PoS;
Number of coins: not limited;
Mined coins: 98 729 632;
Exchanges: Bittrex, Binance, HitBTC, LiveCoin.

11. Waves

Waves is another Ethereum-like platform that is being developed in Russia. Its founder is Sasha Ivanov, a fairly well-known personality, he is constantly promoting the platform and participates in various conferences. Waves has several advantages over Ethereum - PoS mining, leasing (renting out your coins for mining), its own decentralized exchange, high scalability and transaction speed, low commission.

Year of creation: 2016;
Designation: WAVES;
The country: Russia;
Growth for 2017: x80;
Mining algorithm: PoS;
Number of coins: not limited;
Mined coins: 100 000 000;
Exchanges: Yobit, Exmo, Binance, Waves DEX.

12. Augur

I have a negative attitude towards gambling and do not believe that you can make money on trying to guess the outcome of events, but many people believe in it and use it. Augur cryptocurrency is an Ethereum-based platform that allows each participant to place bets on the outcome of an event. The idea is that the commission is much lower than in bookmakers, and it is impossible to cheat the network in any way due to decentralization.

Year of creation: 2015;
Designation: REP;
The country: USA;
Growth for 2017: x180;
Mining algorithm: PoS;
Number of coins: 998 999 495;
Mined coins: 998 999 495;
Exchanges: Kraken, Poloniex, Bittrex.

13. DogeCoin

Doge is a fairly well-known and at the same time still very cheap cryptocurrency. It was created back in 2013 based on Litecoin with the goal of making a coin cheap and affordable for everyone. Since that time, the coin has been used many times for charity and support for sports teams from little-known countries.

Year of creation: 2013;
Designation: DOGE;
The country: USA;
Growth for 2017: x90;
Mining algorithm: PoW;
Mining algorithm: Scrypt;
Number of coins: not limited;
Mined coins: 113 077 183 783;
Exchanges: Poloneix, Bittrex, HitBTC, Kraken, YoBit.

14. Civic

Civic is a Blockchain based user identification platform. It will provide secure and low-cost access for organizations that need to verify the identities of their users. Moreover, now there will be no need to send and confirm documents. Now identity confirmation is a headache for many users of cryptocurrency exchanges, if the project is successful, it will dramatically improve the whole situation.

Year of creation: 2013;
Designation: CVC;
The country: South Africa;
Growth for 2017: x7;
Mining algorithm: PoS;
Number of coins: 1 000 000 000;
Mined coins: 342 699 966;
Exchanges: Bittrex, Poloniex, Kucoin.

15. Ardor

Many have heard about the promising NXT cryptocurrency, which was before, and is still quite popular now. The cryptocurrency solved many of the problems of Bitcoin in the field of data storage in blockchain chains by providing the ability to create child blockchains. But then the developers stopped developing NXT and switched to its new version - Ardor. This coin has all the same advantages as the NXT, but, in addition, it provides other improvements - transactions are processed within 60 seconds, a high degree of security.

Year of creation: 2017;
Designation: ARDR;
Growth for 2017: x6;
Mining algorithm: PoS;
Number of coins: 998 999 495;
Mined coins: 998 999 495;
Exchanges: Bittrex, HitBTC.

Rating promising low-cost cryptocurrencies

To wrap up, let's make a small ranking of cheap cryptocurrencies by how much they have grown in 2018.

Cryptocurrency	Designation	Growth
Ripple	XRP	500
Stellar lumens	XLM	400
Stratis	STRAT	260
NEM	XEM	250
Tron	TRX	200
Augur	REP	180
Cardano	ADA	100
DogeCoin	DOGE	90
Waves	WAVES	80
Icon	ICX	44
OmiseGo	OMG	36
IOTA	IOTA	12
EOS	EOS	10
Civic	CVC	7
Ardor	ARDR	6

conclusions

In this article, we reviewed the most promising cheap cryptocurrencies in 2018 that you can buy right now on most exchanges. No one can guarantee that they will grow up. But they have already shown excellent growth this year and at the moment the market has dropped very much, you can expect that these cryptocurrencies will at least return their positions. Which cheap cryptocurrencies do you think are the best? Write in the comments!

The technological process is gaining momentum and almost every day, we learn about new inventions.

No one doubts that e-commerce will gain more popularity and be used everywhere. Changes are taking place in this niche, and the most notorious of them was the emergence of crypto money.

New cryptocurrencies in 2016 are being released in huge numbers. They are created for different purposes, from trying to make money, ending with entertainment.

You have not even heard of most types of new currencies, and their rate is too low, let alone mining methods, sometimes they simply do not exist.

New cryptocurrency continues to emerge

Now the most famous representative of all crypto money is Bitcoin. We told you.

Time goes by and more and more systems are connecting this currency to the methods of depositing and withdrawing funds. The popularity is growing, and at the same time the rate of Bitcoins is increasing. Similarly, the rate rises for analogs.

The more systems use crypto money, the more popular it becomes. In 2016, new cryptocurrencies also appeared, here is a small list:

Zonecoin;
Ubiquoin;
Frankywillcoin;
Pokecoin;
Artcoin;
BitSynq;
Unixcoin;
PutinCoin;
PulsarCoin.

It is unlikely that these names tell you anything, but no one knows for sure what the future of these currencies is. There are as many examples as you like, this is not a complete list of new cryptocurrencies in 2016, created only over the summer.

Next generation cryptocurrency

If we consider more interesting and popular crypto money, then several leaders have appeared here. Despite the fact that they have been working since 2016, they have already gained some fame.

Someone through mass distribution, someone at the expense of an interesting idea:

- a new cryptocurrency, which users are positively responding to. Experts have repeatedly said that she will become a leader in the near future. Much of the popularity comes from marketers and powerful advertising. Clients point to the possibility of convenient earnings without investment.
Is the newest cryptocurrency that has no analogues. It is collected by foreign users in a very unusual way. It takes 1000 steps to make some money. Each BitWalk is equal to a dollar, due to the original idea, this type of currency is developing rapidly.
- a new cryptocurrency in Russia. Its launch was announced back in February 2016. Now it continues to develop, but in any case it will not disappear. The platform was made to pay for itself. That is why experts believe that Decred has a great future.
- users liked this crypto money, as their rate is equivalent to the dollar. Conveniently, the receipt of funds is easily tracked. The customer audience is growing rapidly.
Rucoin - from the prefix it becomes clear that it was created in our country. Another new cryptocurrency in Russia. It's hard to earn and not as profitable when mining. Despite this, they are beginning to use it more and more often, since it is convenient.
- although this currency appeared much later than Bitcoin, many believe that it will be more popular. It was created using new technologies, due to this, it is gradually catching up with Bitcoin.

Large projects are actively creating new cryptocurrencies, so it is more convenient to maintain internal customer accounts. This does not require large expenses, therefore there are a lot of developers. There is no point in mining all types of crypto money, most of them will dissolve.

You are doing the right thing that you are interested in new types of electronic currencies and are looking for faucets of new cryptocurrencies. Each of them has a chance to repeat the success of Bitcoins., but then on the races of courses, some users earned millions.

I advise you to visit the following pages:
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Good afternoon, today we continue dedicated to cryptocurrency.

I think each of you knows firsthand that cryptocurrency is becoming more and more popular every day. However, I'm also sure that not everyone knows that new cryptocurrencies appear almost daily, okay, maybe not daily, but definitely monthly.

Some of them are becoming quite popular, especially in European countries, where they are loyal to the crypt. For example, in Iceland, a case is known when employees of a large enterprise were given a salary in Bitcoin. Other cryptocurrencies are becoming ordinary rubbish with no practical value.

It can be quite difficult for an inexperienced person to distinguish one type of cryptocurrency from another and understand what is worth investing in, and which investments will bring nothing but disappointment.

Many today have chosen cryptocurrency as without much hassle, but those who have not yet gained sufficient experience in this matter are often interested in which cryptocurrency is the most profitable.

I must say right away that there can be no definite answer to this question, since everything depends on dozens of factors. If you do not have sufficient experience in this, of course, you should not rely on chance, it is better to read the corresponding forums or talk to those who have been trading for a long time.

How to Succeed in Cryptocurrency Trading

Anyone who decides to make money on cryptocurrency should pay special attention to cryptocurrency news.

Knowledge of all the nuances of cryptocurrency rates and other news will help you navigate in time and make the right decision about which cryptocurrency should be sold and which one should be kept for now.

You can always follow the news of cryptocurrencies on the relevant sites, fortunately, today information regarding cryptocurrency is available everywhere.

For example, on the site bitcoin.com, you can track online not only the rate of bitcoin itself, but also the rate of many other cyber currencies, as well as follow their news and the latest emerging user solutions to facilitate the trading process.

List of promising cryptocurrencies 2017

I wrote this article back in 2016. A full year has passed since that day, and I decided to update my approach to the information under this heading a bit. After all, the lists of popular cryptocurrencies will constantly change, and I would not want to update them every few months.

Therefore, I will share with you another method that will help you identify promising cryptocurrencies not only within 365 days, but also more accurately. You will be able to find out even the most promising currency of the day.

How can this be done?

It's simple. You need to go to any exchange, for example, Bitrex and look at the trading volume (1), at the rate of growth in value (2) in a certain period of time and on the date of adding to the breeze (3). Which cryptocurrencies will have these indicators higher, those are the most promising.

The date of adding is certainly not that much influenced, but with the help of this filter you can find the most recent ones added to the exchange. You can also click on currencies and see more detailed charts.

Here, of course, one can argue, because the "prospects" are influenced not only by the current price, but also by technology and the interest of investors. But, at least in this way, you can immediately understand which cryptocurrencies are worth paying attention to and which ones are worth studying in more detail. Agree, "all trash" will never rise in price as

Conclusion and conclusions

So I talked about how to conduct a quick analysis of cryptocurrencies for prospects. At the same time, it is important to understand that the popularity of cryptocurrency does not always mean that it is better than others.

Some users can earn serious money by paying attention to fairly new types of cryptocurrencies. Which were previously undeservedly forgotten or noticed.

2017 can definitely be called the year of bitcoin. If back in 2016 information about the world's most popular cryptocurrency could only be obtained from specialized sources, now not a single daily news summary is complete without reporting another record in the value of a digital coin.

And this is not surprising. Take a look at the graph below. It displays the dynamics of Bitcoin growth from January to December 2017. During this time, bitcoin has risen in price almost 17 times! At the moment, the price for one "cue ball" fluctuates in the region of 15-16 thousand dollars, and, apparently, this upward movement will not stop soon. Moreover, many experts predict that in a year the cost of the cryptocurrency will be about $ 100 thousand per unit.

Naturally, against the background of such growth, many people are trying to join the world of virtual money. Someone buys video cards and assembles a farm on the balcony for mining the coveted bitcoin, and someone hard comprehends all the tricks of trading on cryptocurrency exchanges. However, as practice shows, there are those who are keenly interested in digital money, but are very confused in the terminology and understanding of what it is - cryptocurrency.

Therefore, in our article we will tell you in detail what the essence of cryptocurrency is, define the basic concepts and consider the most promising alternatives to bitcoin.

Cryptocurrency. Basic terms

Before deeply engaging in earning cryptocurrencies or trading on various exchanges, it is important to clearly know all the basic terms from the field of digital money.

Let's consider the basic concepts:

Bitcoin
Satoshi
Transactions and Keys
Violas

It is an electronic, virtual currency that is protected by sophisticated encryption. The term appeared in 2008, when Forbes magazine published an article about a decentralized electronic cash system. The key principle of cryptocurrency functioning is the complete absence of any administration by government agencies, banks, tax authorities, private or legal entities.

That is, a person who has at least one unit of digital currency cannot be taken away, arrested, or carried out according to the tax base. With the help of cryptocurrencies, you can buy and sell goods and services, as well as "crypto" can be played on exchanges, like any other official currency.

Bitcoin. The first and most important world cryptocurrency. The Bitcoin protocol with a description of all the algorithms and principles of operation was published by Satoshi Nakamoto, a programmer and cryptographer from Japan. Although, according to the official version, this is just a pseudonym of a person or a group of people, and for 9 years no one has been able to reliably find out who is hiding behind this name.

It is worth remembering that bitcoin is not an infinite unit. In total, 21 million coins can be created.

Satoshi. This is one 10 millionth part of bitcoin. That is, if you decompose the entire available amount of bitcoin into satoshi, you get almost 100 trillion units. Considering that now the GDP of all states on Earth is approximately 80 trillion, then bitcoin is able to replace all the money in the world in general.

Transactions. Since cryptocurrency has no physical expression and no central source server, all payments with virtual money are made through transactions. In essence, these are designations for the transfer of value. Let's consider a transaction with a simple example.

User A wants to transfer 1 bitcoin to user B. He creates a transaction where he specifies two parameters: the number of bitcoins and the recipient. If we were talking about regular currency, each party would have a specific name, email address, or other identification. But one of the main principles of cryptocurrencies is the complete anonymity of all participants in the process. Therefore, user A needs:

Identify yourself and the payee.
To prevent possible interference with the transaction from a third party, as well as further operations on its own behalf.

Both of these tasks are accomplished using two types of keys: public and private. The first key identifies the sender and the recipient and can be published in open sources. The second key works in conjunction with the first to generate a unique signature for the message about the operation being carried out. Given that a private key can contain an infinite number of characters, it is impossible to forge it. It is the private key that confirms the correctness of the transaction.

Therefore, if two people carry out 5 transactions with each other, ONE private key is created, which decrypts FIVE signatures.

All transactions carried out form blocks that are lined up in blockchain chains. With their help, you can trace transactions with bitcoins, but not identify the senders and recipients. Each subsequent block contains information about the previous one. Simply put, the blockchain is a complex mathematical equation, into which a new variable is added with each transaction, which means that the total value of the "crypt" increases.

Bitcoin exists by joining the chain of new blocks. And the calculation of these blocks is denoted by the term ...

This is Bitcoin mining by finding blocks of transactions. Since chains now contain a huge number of blocks, their computation requires considerable processing power. If earlier it was possible to mine on a regular home computer, now computations require bulky farms of video cards and processors.

Due to the complexity of operations, miners are pooled. Thanks to this, it is possible to combine various hard and software mining tools. Finding a new block is rewarded with a certain amount of coins, which is divided among the participants in the pool. Now the reward is 12.5 bitcoins per decrypted unit.

Recently, cloud mining has become more and more popular. With its help, the user rents servers from their owners for bitcoin mining. Consequently, there is no need to invest huge amounts of money in a material farm, but simply pay for the use of servers at a certain time.

Moreover, you can even connect to a cloud farm from a smartphone. To do this, you need to install a special application. In the article How to mine on a smartphone, we described in detail the most popular utilities for mining cryptocurrencies, which we tested on the popular models of the British company Fly: Cirrus 12 and Cirrus 13.

In this video, we gave an example of mining through the MinerGate application:

Fork. This is a fork from the main software base. In our case, from the bitcoin system. The term is used to refer to specific forks ...

Alto. It is any digital coin alternative to bitcoin. Now in the world there are about 800 different viola, with different cost and production prospects. Alts were created not so much as a counterweight to bitcoin, but as a safety net - after all, at any moment the rate of the main cryptocurrency could fall sharply. In this case, the invested funds can be withdrawn through the viola.

ICO. A type of collective financing that is inextricably linked with cryptocurrencies. The team of a certain project issues its own coupons or tokens, which in the future can be exchanged for both real money and bitcoins. For the purchased tokens, their new owners receive certain services from the project. It should be remembered that an ICO transaction is solely based on trust. There are no tools to insure and ensure the reliability of the transfer of tokens. Simply put, if the project does not justify itself and is closed, the owner of the tokens does not receive the invested funds back.

This is an analogue of a currency account or a real wallet. The only difference is that the crypto-wallet contains a private key, with the help of which transactions with digital currency are carried out.

The wallet can be installed as an application on a smartphone. Such applets often include additional handy tools, such as a cryptocurrency course and user dictionaries, where a detailed description of cryptocurrencies is given.

In the article "Best Bitcoin Wallet", you will learn about the types of wallets, as well as find information on the most popular and convenient applications for storing private keys.

Cryptocurrency: where to start

After you have figured out the basic terms of the world of cryptocurrencies, you can start operations with them. First, you need to decide in what type of wallet you will store digital keys:

PC wallet. A special program for a computer that stores the entire chain of blocks. Please note that the program will have to allocate several tens of gigabytes of hard disk space, as well as install a powerful processor and video card.
Online wallet. It is stored on a special server that can be accessed through a browser.
Mobile wallet. An analogue of an online wallet, only you can use it through a smartphone.

We have outlined the main advantages and disadvantages of each type of wallet in this table:

Trading on exchanges
Exchange
Cranes
Bitcoin Games

Perhaps the most difficult tool is trading on exchanges. The same laws apply here as on standard currency trades. It is necessary to carefully monitor fluctuations in the rate of cryptocurrencies, predict when the dynamics will go up or down, carefully distribute funds for investment.

The easiest way to get "crypt" is through exchangers. The most popular are Bestchange.ru, Okchanger.com and Localbitcoins.net. Here you can transfer the required amount from your personal account and in exchange receive bitcoin, viola and their components.

For smartphone owners, a crane can be called a rather convenient way. It is a website on the Internet with banner ads, links and flyers. By clicking on a link or banner, the user goes to the advertiser's page, and receives a cryptocurrency as a reward. Bitcoin games are also quite popular among users, which reward gaming achievements with a certain amount of cryptocurrency.

The main risks associated with cryptocurrency

It is important to remember that cryptocurrencies have their own pitfalls that must be taken into account in various transactions with virtual money:

Cryptocurrency is not legalized in Russia. There is no insurance or legal support from the state if a person loses their funds invested in the "crypt".
You must strictly monitor your crypto wallets. The slightest vulnerability - and all data will fall into the wrong hands.
Carefully read the information about the commissions in various exchangers. Some operations add from 10 to 20% to the initial amount from above.
Do not transfer bitcoins until you have confirmed that you have been credited with currency. Digital coin transactions cannot be reversed. Therefore, always await final confirmation of the transferred funds.
Don't invest all your funds in bitcoin and alts.
On the exchange, start trading with the minimum amount that you do not mind losing.

The most promising cryptocurrencies

The prospect of cryptocurrencies is determined by the degree of profitability for mining and investment. The more stable the "crypt" behaves in the financial market, the higher the confidence in it on the part of exchange players, experts and ordinary citizens.

Analysts of the reputable publication Forbes have identified the TOP-5 of the most reliable and promising currencies, which in the future have every chance of becoming the main payment unit in the world:

Bitcoin
Ethereum
Bitcoin Cash
Ripple
Litecoin

Ethereum, or ether, is Bitcoin's main competitor. Appearing in 2014, this altcoin began to gain popularity in 2016 and now its cost is about $ 700.

Bitcoin Cash is a newcomer to the world of cryptocurrencies. This coin appeared in 2017, and in a few months has demonstrated a rapid growth in value. Now the cost of BTH is approaching $ 2,000.

Ripple is one of the oldest alts, appearing back in 2012. On the one hand, its current value is very low, only 58 cents. However, Ripple enjoys a lot of support from Western investors and large banks. In the near future, this viola is predicted to grow considerably.

Litecoin is another "old man" among the alts. Year of foundation - 2011. By mid-December 2017, its cost approached $ 300. Litecoin was created as a clone of bitcoin with the only difference that the transaction speed of "light" was higher than that of "bitcoin". Actually, its popularity is based on the long-term practice of successful transactions.