2017
In the year of 2017 we have seen a great Ball run from Bitcoin which Have overshadowed The great ones we have seen in other currencies. A good example of that is aetherium which has gone from a value of around $8 to a value of $500. Compared to the Bitcoin price it has lately not been able to keep up but it's still is a significant increase which seems to be unnoticed.
Another client which actually has been able to recently keep up with bitcoin is litecoin I can't wait started the year at a price of round $4 ended up to apprise in the area around $240 The significant increase in price and the lately bullrun for litecoin Might be things to different things but one of them is a bigger awareness of other cryptocurrencies than Bitcoin and therefore we must conclude that the more people get into Bitcoin the more people get a broader perspective on cryptocurrencies and therefore more money will flow into cryptocurrencies.
And let's finish off with a coin I invested in back in the september of this year It is one of the little Known coins but nevertheless it has gone up as many other cryptocurrencies have done this year it is EOS And when I'm wasted in it's the price were just around $0.9 And it is currently sitting at $4.6 so this is also seen a price increase these price increases someone things to bitcoin but it is not the Bitcoin price increase that have given these other coins a big price increase bitcoin has just raise the awareness of all the cryptocurrencies.
To look at the year 2017 we have seen governments trying to interfere with bitcoins and government's trying to embrace Bitcoin and even some government taking the step further and And looking into cryptocurrencies as a whole instead of just bitcoin. No government has of yet a recognised cryptocurrency as a main or secondary currency, But we have seen Government's allowing Bitcoin a means of payment, and other outright ban cryptocurrencies as in China where we have seen the ban off cryptocurrency trade the ban of ico's and all of these bans should have impacted the currency in a negative way but that hasn't happened the only thing they have accomplished is that bitcoin has become more popular and more known and the decentralized nature of blockchain based currencies makes it incredibly hard make and enforce legislation on that area.
2018
As we have seen cryptocurrencies can't be extremely hard to predict because just as many people have said cryptocurrencies would not last and would not gain momentum as people have said, oh it will shoot for the moon. And many have tried analysing in different ways and the only way I have seen making sense is to look at trends compared with mass media both mainstream and Social media, But it all comes down to what you believe because it is unwise to invest in something you don't believe in.
For 2018 I see a lot of currency having the potential to shoot for the moon but to name some of the most interesting ones to see in the long run would be aetherium as you have seen it is one of the biggest currencies out there next to Bitcoin With a market cap around $50.615.781.000 Only surpassed by Bitcoin, And over twice the market cap of the next coin which is bitcoin cash, And with that bigger market cap and that big difference from the nearest competition it is one of the biggest players out there and it's a coin in constant development this constant development we'll make it one of the most advanced coins over time if it's not already is, But another reason I see Ethereum As one of the coins for the future is that you still see a lot of ico's and many of them uses ethereum That's the kind for treating and as the network for keeping track of their tokens, We do still see congestion on the network when a big ICO comes out and everybody's trying to buy into the ICO but in time It is my belief that this will be fixed, And as they slowly moved from “proof of work” to “proof of stake” we will see the more people can get into maintaining the black chain and thereby releasing some of the tension of the network. Therefore my top pick will still be ethereum.
Another coin that I believe will get pregnant in 2018 is Dash a Crane that gives you anonymity in a way bitcoin can never do, It is a client that gives the power to the user's instead of the miners And by having a combination of proof of work and proof of stake gives an incredibly reliable network, The master note holders I also the people who have big interest in keeping the network running besides that they want the DAO to keep developing the coin, But what this little Known too many about the Dash coin is that the community for the coin is quite big the development for payment system with no middle man is far beyond what it is and any other blockchain and as with Bitcoin you can use this to pay in different stores online and I have even seen physical stores accepting the dash coin. One of the stores accepting Dash i misconductwineco.com/ a wine company, And this comes along to show the dash is coins That with the right payment system can be used for direct or indirect trading with a merchant.
I will of course be following all cryptocurrencies but for my last top 3 pick for 2018 this will have to be IOTA This is an interesting point to the fact that it has no blockchain And is the crying for the Internet of things it has seen a lot of traction in 2017 and I believe this traction will keep on developing into 2018 therefore it is one of my top picks for coins we need to keep track of in 2018. It shows a lot of promise and I will do an article later on about the coin and how the tangle network differs from blockchain.
The future
Blockchain is a technology for the future we cannot get around that this technology is here to stay and I believe in time we will see people getting a bigger perspective of blockchain technology and cryptocurrencies right now Bitcoin big currency everybody's talking about but once the initial hype has gone down it is my belief that we will see a lot of the money from Bitcoin blowing into other cryptocurrencies and therefore it is important to keep an eye on almost every currency but we still need development to make them true currencies that you can use in store. While I believe that will come I do hope it will come way before the initial hype has gone down from Bitcoin at least I hope you will see payment systems that allows us to pay directly to the Merchant instead of through third party because many of the systems out there takes the cryptocurrency adding a fee for exchanging into Fiat currency. And in order to get truly decentralised we need to trade directly with the Merchant and thereby removing everything else that don't protection fee otherwise we can just as well use the current credit cards or debit cards since it is cheaper than the compounding fees from the network and the exchange and the payment provider.
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