Top 5 Crypto Currencies To Invest in 2017
The world of crypto currency is moving really fast. Over the past 5 years Bitcoin outperform any other investment like gold, stock market or real estate.
Over the past years hundreds of new crypto currencies came on the market. Most of them are just copy cat or only have a few features that make them different.
Only a handful of those crypto currencies are real outliers. Those unique ones disrupt their industry just like bitcoin did with the financial sector.
The following top 5 crypto currencies are outliers and are the one I am sure will go up in value by 10x-100x over the next 2 years
- Ethereum
Ethereum is a true outlier. It’s a platform that allows to create smart contract that runs on a decentralize network. The team behind Ethereum is very smart. I always look up the people that are behind a project before investing and Ethereum has 100% of my confidence. Those guys rock.
Other then the team, the degree of adoption that Ethereum gets at the moment is phenomenal. Because ethereum is a platform where developer can deploy Dapps, a lot of inovation is being made at the moment and each one of those innovation boost the adoption rate of Ethereum and create a network effect.
If one currency can make it big, it is Ethereum. It already grew 1000% over the past few months and I can see the currency go another 1000% easily if not more over the next few months and years.
Ethereum is the only crypto-currency that I believe has the capacity to overtake Bitcoin Market cap in the near future.
Current Market Cap: $816,840,813
Price: $10.54 US
Prediction: Ethereum is the crypto currency that has the most potential. I think it could be possible to see it overtake Bitcoin in Market Cap. 500$/ether is something plausible in the near future!
ETHEREUM-YOUTUBE-PROFILE-PIC.png
2.Factom
Factom is another fantastic cryptocurrency that used to be called “Notary Chain” that should grow by a lot this year.
Factom allows companies to create immutable database.
Factom store information in their own blockchain and then create a hash of that data and stores it into the Bitcoin blockchain. They are also working on adding that hash into ethereum and other big blockchain to add protection.
Factom just got a huge contract with 20 smart cities in China and are working with other countries to create immutable data base. This will allow those government to stream line and secure their data.
The market for Factom is huge and they definitly are outliers. The people behind Factom are also very smart. I am looking forward the growth of this company.
Current Market Cap: $10,408,536
Price: $1.19 US
Prediction: Factom is getting mass adoption very quickly, I can see it growing to $30 before the summer.
3.MaidSafe
Maidsafe has been around for quite a while now. 10 years exactly and they finally launch their Alpha MVP this week. Maidsafe is a decentralize database.
Instead of storing data on your computer, with maidsafe you can encrypt and upload it on the decentralise server. That way no one person can access your data without your permission. It is 100% secure and it doesnt use any space.
This decentralise database will make it possibe for whistle blower to share information without having the fear of seeing the governement or other group censor them. It is the internet uncensored.
Again, the people behind maidsafe are real geniuses. When you listen to them, you know that their vision is the future. I am so excited to have the safenet working. Once the safenet goes live the crypto-currency behind their project should skyrocket to the moon. It already went 10x over the past few months but thats nothing compare to what is coming.
Maidsafe has the capacity to revoluionize the internet as we know it. They are really amazing. Only people in the crypto-world know them because they are in Alpha, but as soon as they are live ( a few months) You will see them on every newspaper.
Right now you can only purchase their temporary coins called MaidSafeCoin. Im not sure how the exchange process will work so that is the only thing stopping me from investing heavily in this one.
Current Market Cap: $46,466,724
Price: $0.10 US
Prediction: once they go live, their price will sky rocket to a few dollars for sure. I really think they can revolutionize the internet so their price should reflect that in the long term. 600$ in a few years
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- Bitcoin
Bitcoin has proven a store of value over the past few years and it is currently trading at 410$ today. The price vary a lot but it outperformed all the other investment vehicle by a lot.
Bitcoin has the network effect and most people have heard of Bitcoin. But this is not a panacea because Myspace had the network effect at some point and they lost their position over better platforms like Facebook.
Over the past few years, Bitcoin got a lot of venture capital money so we should see very interesting apps and project coming to the market in 2016. All those companies will drive wider public adoption which would drive the price up.
One problem with bitcoin is that it’s block size limit reached the maximum amount of transaction it can process. It will need to overcome this before the price can start climbing again.
Current Market Cap: $6,275,855,363
Price: $2602.03 US
Prediction: With the stock market going down, people will be looking for a safe heaven. I think it can reach 1200$ before the end of the year if they don’t get overtaken by Ethereum. If they get overtaken, we might see the price drop instead as people transfer to this better option
5.Ripple
Ripple is my last choice. The Banking system is trying to catch up on what Bitcoin did to them. The only thing stoping bitcoin right now is slow rate of adoption. Ripple pivoted into the banking market and recently closed a deal with SBI Bank, one of the main financial institution in Asia.
I heard that Ripple was trying to do something with the w3c consortium and I heard of Ripple trying to close a deal with RBC bank. So there is no big tornado yet but it seems like they are working hard behind the scene and something big might come out in the near future.
One thing I know is that the banking system would rather deal with a stable crypto-currency rather than one that fluctuate a lot, so Im not sure how that will play out with Ripple.
I wouldn’t hold my breath and I’m not too interested to see the banking system win, all I want is to see bitcoin succeed. But I keep Ripple in the top 5 because I can see them being disruptive to the banking industry in the future.
Current Market Cap: $276,170,587
Price: 0.008 US
Prediction: If Ripple can prove that they are the solution for the banking industry, their valuation could skyrocket. Until then, let’s watch on the side line.
I think that Bitcoin, Ethereum, Factom and Maidsafe all do something very different and they complete each other. No one could do what the other one can do. They are all necessary in their adoption rate is very fast. This is why those are my main bet for the 5 best crypto currencies of 2016. Ripple is a long shot but is worth following.
Crypto currency are one of the biggest opportunies for investor out there. Forget about gold or the stock market. Crypto are the revolution and if you don’t want to be left behind, you better get started.
If you want to buy Bitcoin, Coinbase is the exchange I personally use. You can buy Bitcoin and Ethereum and receive Bitcoin payment directly into your bank account.
The average person thinks cryptocurrency is Bitcoin.
I'm pretty high on Ethereum.
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Source: https://www.alexfortin.com/top-5-crypto-currencies-invest-2016/
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