7 CRYPTOCURRENCIES TO INVEST IN THIS YEAR
Year 2018 promises to be a very volatile year for the cryptocurrency market, since a Fork for Bitcoin and another for Ethereum is planned. As we always say, we bet more for the Token project, than for its circumstantial quotation.
7-CRYPTOCURRENCIES-INVEST-IN
1- Litecoin (LTC)
The Litecoin is one of the most volatile currencies of the TOP 10. It started the month of September scoring its historical maximum at US $ 91, then fell sharply to US $ 37 on September 16.
At the time of writing this report, the Litecoin is negotiating around US $ 53, being a good entry point thinking about the medium and long term investment. If you speculate in the short term, the most optimal entry is around $ 47.
If the cryptocurrency market maintains its upward trend, the LTC, should not have major problems to reach US $ 70, or even a little more in the remainder of 2017.
2- OKCash (OK)
OKCash is a cryptocurrency that your "bet" is 100% on the project, which is basically summarized to the micropayments market, due to its speed and low shipping cost.
At this time the Token OK can be purchased for US $ 0.30, from the US $ 0.85 that was negotiated in mid-September.
For now it can be negotiated in Bittrex, but there are already announcements that it will soon be in Poloniex, which would give it an even greater liquidity.
If the project is successful, OKCash can multiply its current value several times. At least we put it at US $ 0.60 for the remainder of 2017.
3- IOTA (MIOTA)
IOTA is one of our favorite long-term projects, as it targets the Internet of Things (IoT) sector, a market that has a very promising potential for the coming years.
The cryptocurrency is trading at US $ 0.60, a more than interesting value to invest in the medium and long term. If you speculate in the short term, the recommended purchase value is US $ 0.48.
The objective of minimum for 2017 is at US $ 0.80, and the maximum in its historical record of US $ 1.10.
4- Sibcoin (SIB)
Sibcoin was born in 2015 with the need to send remittances between the inhabitants of Russia and Ukraine. Your project is more than interesting.
In the month of September SIB moved in a range between 0.82 to 1.95 dollars, currently trading around US $ 1.25. The current value is a good entry point for the medium and long term.
For short-term trading the optimal point of purchase is 1 dollar.
If the project continues on the "good path" your quote can reach as little as 2 dollars.
5- OmiseGO (OMG)
OmiseGO is a cryptocurrency with less than 3 months, which is currently ranked 12th in the world ranking of cryptocurrencies.
OMG is designed to allow financial inclusion and break into existing institutions. In addition, it has the advice of Vitalik Buterin, the creator of Ethereum.
On September 7, OMG touched its historical maximum at US $ 13.20, currently trading at US $ 9.70.
It is a very liquid cryptocurrency, so it is suitable for both short and long term investors.
OmiseGO is one of the currencies that we see with high potential and great possibility of revaluation in the coming months. At a minimum you can return to your maximum of 13 dollars.
6- EOS (EOS)
EOS is one of the cryptocurrencies that has lost most market capitalization in the last month. The maximum of September was at US $ 1.41, and its minimum was US $ 0.53.
The objective of EOS is to bring the Blockchain to companies. On their website they claim that their platform offers a level of scalability unprecedented in the world of Blockchains. It would be able to process millions of operations per second without transaction fees.
At the moment, it is trading at US $ 0.70, a recommended value to invest in the short and long term. If there is a bullish correction in October, it should at least rise to 1 dollar.
EOS currently occupies the 26th position in the cryptocurrency ranking, with a market capitalization of more than 260 million dollars.
7- Monero (XMR)
Monero is trading around US $ 93, after reaching its historical high at US $ 152 at the end of August.
From CryptoTendence we see Monero as an interesting currency to speculate in the short term. You can buy at this level looking for a goal of US $ 110, and placing a stop below the key support of US $ 73.
We do not recommend Monero in the long term, since its reputation is not the best, because it is associated with illegal markets. While the currency is 100% legal, some take advantage of its anonymity to use it for unethical purposes.
All the cryptocurrencies mentioned in this post can be traded in the Bittrex Exchange , with the exception of IOTA and EOS that can only be purchased in Bitfinex .