Cryptocurrency has become the next big investment. Gaining 3-4% a year on your investment is not what most people want, which is why I have some good news for you. Due to the relatively early adoption of cryptocurrency, profit gains are SUBSTANTIAL. Gains over 500% are not unheard off, and can occur within WEEKS! Yes I know this sounds unbelievable but it is true! I am here to let you know what are the best cryptocurrencies to invest in for 2017.
Ethereum is a crypto currency that is based on blockchain technology. Like Bitcoin, it is a cryptographically signed record of a transaction and store of value. Ethereum was first launched in mid 2015. This means it is still a relatively new technology but it is indeed taking the world by storm. Like Bitcoin, Ethereum is also built on a public blockchain. Think of the blockchain as a public ledger of all the transactions that are taking place. The central idea behind the Ethereum protocol is that of “smart contracts”. It is also a piece of blockchain technology that enables developers to build and deploy decentralized applications. On the Ethereum network, miners work to earn “Ether”. This is also used by application developers to pay for transaction fees on the entire network.
Price at start of 2017: $0.95 Price as of now (May 2017): $78.40 Price Increase %: 8152.6
Golem is a platform built on a peer-to-peer network which sources computing infrastructure in a decentralized manner to create a global market for computation. They call it the “worldwide supercomputer,” to which anyone can contribute and from which anyone can buy computation. The network is secured by the Ethereum blockchain, facilitating a system of direct and transparent payments between the ecosystem’s three user groups:
- Requesters demanding computing resources
- Providers supplying hardware infrastructure
- Software developers creating applications which enable utilization of network resources.
Price at start of 2017: $0.009 Price as of now (May 2017): $0.226 Price Increase %: 2411.1
ICONOMI is a platform which offers investors a golden opportunity to get into the Crypto world by index investing that are managed by experts. ICONOMIconcentrates to channel funds from investors to the promising projects in the decentralized economy.
Price at start of 2017: $0.210 Price as of now (May 2017): $0.497 Price Increase %: 136