The year didn't really start off with a bang as the entire crypto market collapsed. Still, it's very unlikely that the cryptocurrency rally is over. So let's take a look at the most promising coins of 2018.
From ATH to ...
2017 was the year of crypto. The coin market cap surged from $17 billion to $600 billion, and Bitcoin reached its ATH of $20.000. The entire world was watching...
Then January came, and the entire cryptocurrency market collapsed. At this point in time, the price of Bitcoin has halved from his highest peak in December, and all other coins have plunged to their lowest level in months.
Yet it is very unlikely that the crypto rally is over. More and more companies and even governments are showing interest in the blockchain and its numerous uses in for example health care, identity protection and security.
With all the big coins going down, this is the perfect time for some smaller players to enter the game. Below, you'll find a couple of my top picks for 2018.
(Please note that this article is not intended as investment advice. You should always do your own research , make your own decisions and be comfortable with the risks before making an investment.)
ICON
Icon is a Korean 3rd generation Blockchain project that is developed to connect all activities in a country through its own blockchain, eliminating the middleman.
On January 24th, 2018, the ICON Foundation was able to successfully generate the Genesis Block of the ICON Mainnet, which was a huge step forward.
The foundation already made a partnership deal with Kyber Network, which is a top-100 token and a decentralized cryptocurrency exchange.
Yesterday they hosted their first 'ICON Annual Summit' in Seoul. During this meeting, they released their 2018 roadmap, demonstrated their main net and revealed some of the DApps that are set to run on the ICON Network.
You can read a review of the summit and get more details on the Blokt.com website.
ICON is a member of the so-called 'Blockchain Interoperability Alliance'. This alliance also includes Wanchain and AION, and many experts predict this project could go far.
Click to open real-time charts at Coinmarketcap
ICON is one of the many victims of the crashing market and after reaching its ATH of $12 two weeks ago, itis currently trading at $6.22 on 19th place in the list at Coinmarketcap.
Nano
You might be wondering why you never heard of this coin before, but you probably have. It has been around but has been trading under a different name.
To kick off the new year, RaiBlocks decided to rebrand and go on under the name of Nano. According to the team, this new name was chosen because it represents the "smaller-scale, networked approach" - which main pillars are simplicity and speed - of the project.
With the new name, Nano will release a new desktop wallet and an IOS mobile wallet. Both are currently still in beta, but the online 'light' wallet is already available to the public.
The main specialization of Nano, which still trades under XRB, is making microtransactions happen fast and secure, and with zero transaction fees.
Nano has a $2.1 billion market cap and is - according to Coinmarketcap - the 22nd largest crypto in the world. Just like any other coin, Nano is suffering from the market downtrend, and its price went down from its ATH on January 6th ($33) to a little below $16. I don't have to tell you this is an interesting time to get in...
Click to open real-time charts at Coinmarketcap
In spite of the loss, it's admirable that the coin has made it to the Top 25 on CoinmarketCap, because it can not be bought or traded at the big exchanges. It was only recently added to Kucoin, and the team is trying to get it listed on Binance. Once they can make that happen, the price is going to go to the moon.
Website
Whitepaper
Whitepaper available in 9 different languages here
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Image Sources:
Pixabay
Nano.org
icon.foundation
Coinmarketcap.com
I was wondering why XRB was listed twice on CoinMarketCap. Didn't know that RaiBlocks is Nano haha. I agree, both are good coins to have, and I'm buying both.
Since everything is so cheap right now, it’s hard to resist buying - lol
Completely agree with the coverage of Nano. I have my own analysis on the impact of the name change on my blog.
https://steemit.com/cryptocurrency/@cryptovate/raiblocks-xrb-rebranding-to-nano-soars-price-by-40
Thanks for the tip!
So you think it has potential, too?
There's a lot of noise that's driving the market lower. Thanks for the suggestion. For those with funds available, it's a chance to get good coins at a discount.
I assume the market will start recovering at one point, although experts say February won’t be very awesome either.
But I keep believing :0)
(Sorry, no upvote.I’ve got to recharge)
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Interesting. I was keeping my eye on the raiblocks exchanges, and did not even know about the name change. At this stage, there are several coins I have been hodling up on because they had a lot of promise, but seem to be falling off the map. Not sure if it is best to keep buying more, or spread onto a new hot item. Any opinions?
I currently hold about 20 coins: 12 out of the top 20 on coinmarketcap, and some that really attracted me somehow.
I don’t think you shoul worry to much. The entire market is down, partially thanks to the media, but oh will sure go up again. There are simply so many ways the blockchain can be used that it’s just a matter of time before every company and every government will start showing intrest...
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Yes Nano!! I really think it has potential to go top 5, the network works so well. Great time to get in.
Compared to all other coins, it seems like it isn't dropping as much anymore ...
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Holding...Till they rise again
I'm pretty excited for Nano--I think it's truly a cryptocurrency, a medium of exchange. I wrote about the coins I have my crypto portfolio and I'm considering adding ICON to the mix.
I think Nano will do well, too. That's why I "mine" for it.