2017 has been a whirlwind year for bitcoin, the mother of all cryptocurrency. However, some other cryptocurrencies also recorded tremendous growth this year including Ethereum, Ripple, Litecoin, Bitcoin Gold and others.
New cryptocurrencies are being launched all the time, which leaves us with a question of which cryptocurrency platform to consider next year. Let us have a look at them.
Nano (NANO) formerly RaiBlocks (XRB)
RaiBlocks is currently witnessing an increased growth and a massive gain in its market value. Will this crypto withstand the current selling pressure in the crypto market?
With investors turning their attention to the next big thing in the crypto space, RaiBlocks has become a target. The value of its coin XRB against the USD has increased by 151% in the space of a week, up from $6.00 and now trading at $11.
Looking at the current position of RaiBlocks, the cryptocurrency has seen its price value increase in the space of two weeks, moving from its previous position of between the 80-90 places by market capitalization to the 20th today (market value of $1.46 billion.)
RaiBlocks is classified as one of the “new generation of cryptos”, most analysts believe that RaiBlocks (XRB) will witness a massive increase in its fame over the next few months similar to the explosion that IOTA first experienced as they do belong too to that particular class.
With the crypto space enjoying the introduction of more technology, it is safe to say that the future of RaiBlocks is going according to the plan the developer laid for it.
Exchange platforms have begun listing the XRB pairs on their trading list, recovery and price impact is expected in the coming weeks. It is still early to determine what the cryptocurrency can contribute to the crypto-space.
Privacy coins and their 2018 predictions
Privacy coins were quite solid this year, and it is expected that the coins will attract more gains in 2018.
Monero (XMR) is the leading figure in this community. It is expected that the cryptocurrency will continue its great performance while the development team works on rolling out new initiatives that will make it perform even better.
The Monero project has concluded plants to implement bulletproofs in March 2018, a move that will help reduce the increasing fears that regarding its fees growing dramatically in 2017. The Monero team is also exploring options that will allow them to improve the currency, such as zk-SNARKs without a trusted setup and SPECTRE.
Zcash (ZEC) is another cryptocurrency that is privacy oriented. Zk-SNARKs was a hugely discussed topic in 2017, and the development team at Zcash have so far made progress in making computations much more efficient, a move that would lead to further adoption and light clients.
The trusted setup and corporate feel of zcash imply that users would have to put more support on other projects that are using the same technology.
The gain the necessary exposure to cryptocurrencies based on zk-SNARKs, you can decide to include ZenCash (ZEN) and ZClassic (ZCL). The two coins are forks of Zcash and do not come with the founder’s reward.
The pair of ZCL-BTC has recently exploded as they have increased over 100% in the last few days. ZenCash recorded a massive increase in value towards the end of the year.
Zcoin, on the other hand, isn’t a fork of Zcash. The currency uses an RSA accumulator which were first developed in 1993. Zcash and Zcoin, however, share similar roots as they both use the Zerocoin protocol.
Even though Zcoin shares a trusted setup and founder’s reward with Zcash, its method of doing that differs from that of XZC. Added to that. Zcoin can be audited. Zcoin recently released master nodes that are designed to help lock up their coin supply, a move that will lead to further appreciation of their coin.
You should also consider adding AEON to your portfolio. It is a CryptoNote-derived altcoin. At the moment, the rebasing of the code to match Monero’s development hasn’t yet been achieved by anytime, if and when it happens, then the interest from investors will massively increase, and the developers of Monero would be able to contribute more to the project.
AEON coins look to be cryptocurrency that is lightweight, mobile-friendly and private.