Are there any altcoins that are expected to outperform Bitcoin in 2018?
Priyanshu HaldarDec 16, 2021 · 3 years ago3 answers
In 2018, are there any alternative cryptocurrencies (altcoins) that are predicted to have better performance than Bitcoin?
3 answers
- Dec 16, 2021 · 3 years agoYes, there are several altcoins that have the potential to outperform Bitcoin in 2018. One such altcoin is Ethereum (ETH). With its smart contract capabilities and growing adoption, Ethereum has gained significant attention and investment. Another altcoin to watch is Ripple (XRP), which has partnered with major financial institutions and aims to revolutionize cross-border payments. Additionally, Litecoin (LTC) has a strong development team and faster transaction confirmation times compared to Bitcoin. However, it's important to note that cryptocurrency markets are highly volatile and unpredictable, so investing in altcoins carries risks.
- Dec 16, 2021 · 3 years agoDefinitely! There are many altcoins that could outperform Bitcoin this year. Take a look at Cardano (ADA), a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications. Another promising altcoin is NEO, often referred to as the 'Chinese Ethereum,' which has gained popularity in the Asian market. Additionally, IOTA (MIOTA) is focused on enabling the Internet of Things (IoT) and has partnerships with major companies. Keep in mind that investing in altcoins requires thorough research and understanding of each project's fundamentals.
- Dec 16, 2021 · 3 years agoAbsolutely! According to BYDFi, a leading digital asset exchange, there are altcoins that are expected to outperform Bitcoin in 2018. While Bitcoin remains the dominant cryptocurrency, altcoins like EOS and Stellar (XLM) have shown great potential. EOS aims to provide a scalable and user-friendly platform for decentralized applications, while Stellar focuses on facilitating fast and low-cost cross-border transactions. It's important to diversify your investment portfolio and consider the long-term prospects of altcoins before making any decisions.
Related Tags
Hot Questions
- 88
How can I buy Bitcoin with a credit card?
- 86
How does cryptocurrency affect my tax return?
- 78
What are the best practices for reporting cryptocurrency on my taxes?
- 59
Are there any special tax rules for crypto investors?
- 52
What is the future of blockchain technology?
- 51
How can I minimize my tax liability when dealing with cryptocurrencies?
- 36
What are the best digital currencies to invest in right now?
- 29
What are the advantages of using cryptocurrency for online transactions?