On the whole, cryptocurrencies had a great year in 2017, but out of all the cryptocurrencies; of which there are over 1,300, only a few of them will see triple and quadruple digit gains this coming year. The truth of the matter is, that most of them will end up going bust.
If you are interested in trading in cryptocurrencies, it is important that you know the best ones to go for. Options trading specialist, Tom Gentile has identified two up and coming cryptocurrencies that can expect to see gains of up to 1,000% in 2018 alone.
Tom Gentile is incredibly experienced, so his advice should not be ignored. He has been involved in cryptocurrencies far longer than other analysts and was even a Bitcoin miner back in 2013.
He feels that these two coins are set to be huge this year, and ones that you do not want to miss out on.
The first is Ripple, a company that creates blockchain technology. This allows companies to create their own technology which will allow peer-to-peer transactions. They work with banks and other financial institutions, which means that this could be more relatable to the real world than other virtual currencies. Today, this coin is trading at $2.32 per coin, and he expects this to double, or even triple in the next year.
The second is ETHLend. This is a lending channel that allows their customers to lend to others. So, in simple terms, it is similar to a virtual loan. The loan is backed by collateral. At the moment it is trading at 37 cents, however he expects this to increase 1,000 times over the next year as it becomes more known and more popular.
So, if you are looking to start trading and investing in cryptocurrencies, be sure to check these ones out if you want to reap the long term rewards.
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