What Altcoins to Buy in 2018? (Which Altcoin is Good?)
What altcoins to buy in 2018? Altcoins have been referred to as the \”crypto wint
What altcoins to buy in 2018? Altcoins have been referred to as the “crypto winter” this year. Under the stimulation of the soaring prices of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, the term “altcoin” has become popular. With the rise of Bitcoin prices, altcoins have also attracted a large influx of funds. However, these altcoins are not truly “safe-haven tools for the crypto winter”, but rather different from the bullish market conditions in 2017 – it is not just about speculative concepts. Altcoins have two characteristics: high anonymity and slow transaction speed with no user base. Moreover, their investment value is very low.
Therefore, many investors choose altcoins to participate in because altcoins themselves are not suitable for ordinary retail investors, but are aimed at earning higher returns. So, what altcoins to buy in 2018? Below I will introduce some tokens in these categories that are worth buying. The performance of mainstream altcoins in 2018 is as follows:
Bitcoin (BTC): It reached its historical high at the end of 2017 and then fell to around $8,000. After that, it began to rebound at the end of 2017, but has been continuously declining. In early 2017, Bitcoin had broken through the $10,000 mark. However, since then, Bitcoin has never set a new record. It only recently experienced significant fluctuations. From January to mid-May 2020, altcoins have plummeted by over 80%. By the end of December, Bitcoin’s cumulative decline was close to 70%. Currently, most altcoin prices are below $10,000, even higher than the prices in November 2017. However, altcoins still have considerable growth and they have great potential for upward movement. (Data from Coinmarketcap)
Ethereum Classic (ETC): According to coinmetrics data, Ethereum Classic (ETC) has risen by about 60% in the past year. The growth rate in the first quarter of 2019 reached 50%, and in the fourth quarter of 2019, it reached 30%.
Litecoin (LTC): According to bitinfocharts’ statistics, as of the time of writing, Litecoin has soared over 400%. Compared to the same period last year, the average daily income of Litecoin was only about 20,000 RMB, second only to EOS, with a weekly profit of up to 300 yuan. The overall return rate of Bitcoin in 2018 was approximately 15%. In early October 2017, Ethereum reached over $1,500, and its daily transaction fee was 15 basis points at that time. However, in March 2019, Ethereum’s average daily fee was only 50 basis points, and in June 2020, this ratio dropped to 10%.
Ripple (XRP): Ripple has been rapidly developing and making tremendous progress since its launch. After announcing the launch of the main network in mid-2017, Ripple has received recognition from the capital market multiple times, including well-known figures such as a16z co-founder Marc Andreessen and Chris Larsen expressing optimism about Ripple. “This is one of the most successful altcoins we’ve seen. It is one of the most important projects in the entire blockchain industry.”
Litecoin (Litecoin),
Which Altcoin is Good?
What is the ranking of altcoins? There are many altcoins in the market, but which one is better? Let’s talk about this today.
1. How Bitcoin is favored by mainstream investors.
2. Is Ethereum worth investing in?
3. Why use ETH to buy altcoins?
4. If users want to buy altcoins, it is recommended to go to an exchange first. This is a common situation in cryptocurrencies, and many beginners think Ethereum is a good choice. However, many experts have expressed their skepticism about Ethereum and even some believe that Ethereum is not suitable for asset allocation.
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