All the financial and cryptocurrency specialists state that 2018 will be a good year for all the people who are willing to deal with this trading field. This fact is also regularly confirmed by the recent Altcoin news. They explain that even if the most successful digital currencies fail to reach their previous peaks, this won’t mean that they are not successful anymore. The main reason why experts see a bright future for the cryptocurrencies is the fact that many countries have started to revisit their official approval policies and monetary recognition.

In this context, it is safe to say that the moment when most of the cryptocurrency exchanges will become regulated, is coming. Some of the traders may not be very glad to hear this, however, the regulatory factor means stability, transparency, and safety of the invested funds of the traders.

Many big investors have already invested a significant part of their capital in Altcoins which is yet another factor that speaks to the future stability of this industry.

As a result of all this, it seems that 2018 may be the year when some official organizations show interest in dealing with reliable cryptocurrency exchange apps. When it comes to the regular cryptocurrency traders they should regularly follow the news and the most recent Altcoin information in order to be able to properly choose the best cryptocurrency to invest in 2018. Some of the investors even trade on several different exchanges in order to make sure that if the market starts crushing, they will have more than 1 option.

So, if you want to be ahead of the race, you should regularly follow the news. We would also recommend you to register for an authentic crypto robot or broker as all the reliable and truly legit platforms provide their users with the most updated information.

Good to Know!

Normally, if you start comparing the price graphs of the different cryptocurrencies, you will see that the one of the Bitcoin is the highest. As a result of this great success and positive value tendency, users are now able to buy most of the things they need by using cryptocurrencies. Some of the most useful and frequently purchased products include flight tickets, books, groceries, technology, immovable property, and many others.

How Cryptocurrency Works?

Most of the regular and inexperienced crypto traders may find it a little bit difficult to understand, but the operational process of the most cryptocurrencies is not that hard to comprehend. You just need to remember that most of the Altcoins are mined for. The processes people use to do that are called scrypt mining and crypto mining. A given user has an account that is connected to a computer hardware or software that should be able to solve some complex equations to build a block of the blockchain.

When a whole pack of equations is being solved, all the users who have contributed to the completion of this task receive a fraction or a whole crypto token, more specifically this is valid for the Bitcoin. Another popular method people use us to deal with cryptocurrency trading or dealing with the general consensus ledger (in the case of Ripple).

All the transactions between the users are recorded on a ledger. The most simple way to understand the working principles of the cryptocurrencies is by imagining a regular bank. The difference is that in the case of the digital currencies a programming algorithm issues the monetary amount.

In most of the cases, if someone receives tokens, their public address is public but the information about them is encrypted. All the crypto tokens are stored in the so-called crypto wallets.

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The Most Spread Cryptocurrencies by Market Cap

One of the most commonly used ways people choose to find the best cryptocurrency to invest in 2018 is a careful examination of a cryptocurrency chart. Once again, we should inform you that the reliable and authentic crypto trading platforms usually provide their members with a real-time updating one.

It is important to regularly check the available info related to the value movements as a given coin’s price may change drastically overnight. Now, we are going to show you a list of the top 3 cryptocurrencies on the market, as the chart is based on their market cap.

  • Bitcoin (BTC) – the leader in the crypto market is so popular and valuable, that currently, it is really hard to get a token of it. It is actually harder than obtaining a diamond. Still, most of the traders are dealing with the first digital exchange as it remains on the 1st position in every cryptocurrency chart.
  • Ethereum (ETH) – this cryptocurrency project was originally created and launched by Vitalik Buterin who is a Russian-Canadian programming and mathematical expert. Ethereum uses the blockchain technology like Bitcoin, but it further developed it thus turning in into technology that became a subject of various institutional investments. Also, it maintains a fast transaction speed – between 10 and 15 seconds. This is why currently, the token of Ethereum holds the 2nd place in the list of the most wanted coins in the digital currencies trading sphere.
  • Ripple (XRP) – one of the main advantages of the Ripple cryptocurrency is its unique general consensus ledger. In addition, it has the shortest transaction’s approval time. This is why Ripple is among the top 3 choices of crypto traders. Not to mention the fact that it is still very affordable so users can easily obtain tokens from it.

Factors That Cause Shifts in The Cryptocurrency Price!

You should already know that the cryptocurrency market is extremely volatile so there are many factors that affect the price of the various Altcoins. They can vary from new digital currencies launch to regulation policies, so you should carefully follow the events that take place in this field. Another factor that should be considered is the specific difficulty level of the respective blockchain network.

For our regular readers, we have prepared a list of the main factors that could affect the Altcoin price.

  • Proficiency Level of The Particular Blockchain;
  • Supply Volume;
  • Supply/Demand Relation;
  • Proficiency Level of The Particular Blockchain;
  • The Current Bitcoin Price;
  • Supply/Demand Relation;
  • The Innovation of The Implemented Technologies;
  • Media Image;
  • Official Regulation Impositions;

Make a Smart Choice & Achieve Success in The Cryptocurrency Trading Sphere!

It is up to you which particular Altcoin you will choose to invest in. This is a choice related to your personal goals and needs. For example, some of the traders believe that the safety of their funds is on 1st place while others are looking for a cryptocurrency that uses innovative technology. This is why we would advise you to trade with several different exchanges at the same time.

This is the best way for you to make sure that your investment will be successful at least at some of the places you have put it. Just don’t let your emotions to take control over your trading abilities and strategy. It is a well-known fact that emotional trading is the most dangerous thing for any online investor.

Make sure to use all of the offered services and special features of the platform you have signed up for and regularly check the Altcoin news. This is all you need to start accumulating positive and consistent results.

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