It looks like 2018 will be the year in which more unknown cryptocurrencies double in value and some of them are likely to quadruple in value but which ones exactly would be anybody’s guess. 3 weeks ago an unknown (for some people) digital currency called Ripple (XRP) was worth around $1. A few days ago, it was worth $2.45. It was released in 2012, offering instant, certain and low-cost international payments. Ripple has a market capitalization of $1.26 billion. It doesn’t require mining, which makes it different from Bitcoin and other altcoins. A quick reminder, Ripple climb in value by nearly 4,000% through the first half of 2017. A big rise is also predicted for 2018.

The hottest digital coin since the start of 2018 is Stellar which has climbed more than 65 percent in just four days and is now one of the 10 largest cryptocurrencies by market capitalization. By January 2nd, Stellar had a market capitalization of $10 billion and was the eighth-largest digital currency according to CoinMarketCap. The digital coin traded 17.5 percent higher on the day near 56.4 cents, the website showed. Of course, daily fluctuations on the list are inevitable, so it might drop lower in the days to come, but could also climb up.

Stellar is a distributed hybrid blockchain (the technology that is also behind Bitcoin) that is fully open-source. It is infrastructure that exists to facilitate cross-asset transfers of value, including payments. Unlike the popular digital currencies, Stellar’s transactions settle in 2 to 5 seconds and allows users to quickly exchange government-backed currencies, such as turning U.S. dollars into euros, according to its website. Stellar’s coins are officially called lumens, or XLM.

Some other altcoins that might surge in 2018 are Monero, Neo, Cardano, Litecoin. Cardano is a new blockchain, launched a few months ago. Cardano’s coin is called Ada and at some point exploded onto the scene, making the cut into the top 10, and later falling out. Today it was fifth on the list. Of course, one should always be careful with new cryptocurrencies, because many will also disappear during 2018.

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Posted by Min Park

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