No doubt, it’s been a roller coaster ride for cryptocurrencies in recent weeks, and some investors might be tempted to just walk away from the crypto market. But for investors who understand the risk, cryptocurrencies are still the quickest way to make money right now.
That’s why we’re bringing you two “up-and-coming” cryptocurrencies that could soar more than 1,000% in 2018.
Bitcoin rose from $966.30 at the start of 2017 to an intraday high of $19,666.00 in December.
That’s a gain of 1,935%.
We first have to make it very clear up front that while this opportunity can bring gains of 1,000% this year, it can also go the other way.
Therefore, do not invest money you cannot afford to lose. And don’t put all your investment eggs in this one basket, either.
As they say, no risk, no reward. However, we believe that the big gains possible are worth the risk, so let’s dig in with open eyes.
Money Morning‘s options trading specialist, Tom Gentile, has been watching cryptos for years. In fact, he was an early miner of Bitcoin, starting back in 2013.
Unfortunately, the mining boom of Bitcoin has long passed for most people. But there are still opportunities in some of the smaller cryptos if you can find the right ones.
You have to be very careful here, because there are more than 1,300 cryptocurrencies available today, and only a few will see triple- and quadruple-digit gains in 2018.
Indeed, most of them will likely disappear – much like the dot-com stocks in the late 1990s.
But finding the best cryptocurrencies can bring massive profits in 2018…
The Two Best Up-and-Coming Cryptocurrencies in 2018
Gentile’s two favorite cryptocurrencies right now are Ripple (XRP) and ETHlend (LEND).
Ripple is currently the third-largest digital currency in the world after Bitcoin and Ethereum. However, it acts as both a cryptocurrency and a digital payment network for financial transactions. Its digital payment protocol operates on an open source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, whether dollars, euros, or Bitcoin.
Currently trading near $1.60 per coin, Gentile expects it to double or triple in the next year or two.
ETHLend brings decentralized lending on the Ethereum blockchain. It enables everyone to participate and profit from international lending by decentralizing the entire process using blockchain technology, empowering every participant to lend in a free market. This leads to fair interest rates all over the world and brings international access to free markets.
Again, Gentile likes that the coin is backed by an actual business with collateral.
Currently trading near $0.20 per coin, Tom says ETHLend could enjoy five to 10 times gains in the next year or two.
Although investors are used to hearing Bitcoin quotes at $10,000 per coin and more, the minimum investment in Ripple and ETHLend is a mere $2.00. Most coins allow fractional buying, as well, so you can always be comfortable with the size of your investment.
Trading volume is increasing here, too. And Ripple and ETHLend are rare breeds of coin that actually have intrinsic value. Perhaps 99% of the other coins are merely ideas with nothing tangible to back them up.
— Money Morning Staff
Source: Money Morning