Next Cryptocurrency to Invest in 2018 and the Reasons Behind
The increased demand for cryptocurrency surged its prices significantly and many have made good profits from investing in cryptocurrency, especially in 2017. Since the beginning of 2018, the crypto market has been bearish and it is quite a disappointment. Bitcoin, OmiseGo, Ethereum, Ripple, and IOTA had made a tremendous leap last year. Wondering what’s the next cryptocurrency to invest in 2018? Here, MYF team has shortlisted the top best and promising cryptocurrency to invest in 2018.
Before you dive into investing cryptocurrency, you need to understand what it is in the first place. You could read more about cryptocurrency on What Is Cryptocurrency for Dummies | How Cryptocurrency Works?
Disclaimer: This article should not be taken and viewed as investment advice, but only information and opinions. This article is for information and illustrative purposes only.
Next Cryptocurrency to Invest in 2018 and the Reasons Behind
VeChain (VET / VEN) is a blockchain-enabled platform which is designed to facilitate the supply chain management processes. In other words, VeChain is an Enterprise-focused IoT and dApp platform for products and information.
VeChain is trying to build a blockchain-based platform which does not only limit itself to the digital world. It can integrate with the actual business ecosystems as well. This will ensure that enterprises will be able to control various functions with the help of this blockchain. Unlike most of the cryptocurrencies, the company already has a working product, dozens of large partners, various deals as well as an experienced and extensive team.
They are based in Singapore but the team is mostly from China. One of the biggest advantages of this project is their existing partnerships such as PricewaterhouseCoopers, Renault Group, KUEHNE + NAGEL, D.I.G, China UnicomC and the State Tobacco Monopoly Administration of China.
An existing partnership for VEN continued to grow even further during the Consensus 2018. On the event, the CEO of VeChain Foundation and CEO of DNV GL gave out a live statement about the latest development. DNV GL (over $19 billion revenue and over 12k employees) based in Norway, has decided to fully support VeChain with investing in the foundation.
when VeChain THOR officially launched, its team announced that it would be teaming up with the global car company BMW. This new collaboration could potentially catapult the coin to brand new highs. VeChain THOR announced a collaboration with Oxford University. The world-renowned university will aid in the technical development of the VeChain THOR platform. This isn’t the first time a University has linked up with a blockchain project.
Not only that, they also recently announced a “National Level Partnership” in which they have the privilege of trialling VeChain technology in the special government zone the Gui’an New Area. Given that the zone is an area mandated by the central government, it is no stretch to assume that there are central government eyes on VeChain. That also means VEN can rise like NEO.
Just recently, the team behind VeChain have declared that Plair (Initial Coin Offering) will be launching their first ICO on the VeChainThor Platform.
The outlook of TRON (TRX) is definitely looking bright for the years to come. If one asks if TRX a good investment, it should be one of your investment portfolios.
TRON is designed to ‘heal the internet’ globally by creating a free content entertainment system. It is designed to make the payment, storage, development and credit sharing easy for entertainment enthusiasts.
TRONIX is the cryptocurrency which runs TRON. This crypto is the one which is being used for the service of a distributed economy. There is a ‘Smart Contract Protocol’ in TRON and which enables the users to easily access the features of the crypto. This protocol allows users to publish, store and own data freely. It also allows the users to enjoy ownership rights to their content and decide what, when and how to share it.
TRON’s open, decentralized platform and distributed storage technology will allow creators of digital content to cut out middlemen such as the Apple store and Google play store. Content producers will thus be able to obtain funds directly from consumers.
The founder of TRON, Justin Sun, created the Peiwo application after his study. This is an app that is now one of the largest live streaming application in China. The platform has more than ten million registered users, of which around one million users are active per month.
For those who don’t know Justin, Sun still serves as the Chief Representative and Advisor of Ripple’s Lab. Justin’s team has more than sixty people, including Lucien Chen from Alibaba and Tencent van Wechat. In addition to TRON, Justin is also a consultant to Gifto, a donation platform for content creators.
The TRON team is undoubtedly one of the hardest working teams. Its efforts are personified by the energy of its founder and CEO Sun. Strategic and aggressive marketing is quickly becoming the hallmark of Sun’s leadership. Among the top cryptocurrencies, he ranks well above most in terms of being one of the most active on social media. His twitter handle is more active than even that of the TRON Foundation.
He has made the list of Forbes’ 30 Under 30 in Asian Consumer Technology and hails from one of China’s most selective business-focused institutions: Hupan University.
Some crypto investors are put off by Sun’s aggressive approach to marketing and promotion, but the majority of TRON fans and investors appreciate his frequent communication. The industry of cryptocurrency is littered with tokens that have possibly been abandoned by their development teams, despite the fact that they are regularly traded and speculated on exchanges.
At the time of writing, Sun is currently in talks to be added to the institutional exchanges, Coinbase/GDAX and Circle. While nothing is confirmed, the hype surrounding the Main Net launch and Tron’s move to a proprietary network suggests that anything is possible.
ICON is a really promising generation 3 coin coming out of Korea. It is primarily focused on blockchain interoperability – connecting different blockchains and allowing them to transfer information/data – but it also serves as a smart contracts platform much like Ethereum/NEO.
ICON is scalable, working to provide solutions for companies of any size. It works without an issue with Bitcoin, Ethereum, and other traditional blockchains. At the same time, it also works seamlessly with other third-party blockchain networks linked to the real world.
In Q3 of 2017, ICON had the first meetup of developers and created the open source for the loop chain. It also partnered with a major bank.
In 2018, ICON will expand its partnership with various blockchain networks. It will also expand the DEX reserve pool to include assets in the majority of the most common cryptocurrencies.
ICON is working with influential blockchain partners ranging from cryptocurrency focused venture capitalists, global accelerators, crypto-focused law firms, and blockchain media platforms. Below you can find the partners:
Other than the above partners, the most exciting news related to ICON, is the fact that the team behind ICX just partnered up with one of the leading brand names in the world of electronics, Samsung. The main reason why ICX managed to get this partnership is the fact that Samsung will be using ICON’s own Chain ID for their new project called Samsung Pass.
The news about Samsung Pass and Chain ID broke out a couple of days ago, on May 11th, when the team behind ICX wrote on Medium about Chain ID, representing this project as the first blockchain joint authentication service.
The most recent news is that ICON has announced a massive partnership with LINE PLUS, a global social platform with a monthly average user count over 200 million. With over 200 million daily active users, LINE’s integration into the ICX blockchain ecosystem will be a huge benefit to the South Korean network.
Together, the two companies have co-founded ‘Unchain’ in an effort to construct LINE’s blockchain network. The joint venture between ICON and LINE should undoubtedly connect more users and DApps to ICON’s network, and bring the company closer to fulfilling its goal of hyper-connecting the world.
While ICON has yet to feel the impact of the partnership, the project has laid itself with a solid foundation that is sure to benefit any major dApp releases in the near future. We strongly believe that there will be more partnership coming with ICON.