The year 2017 kicked start with a booming bullish wave that pushed the price of bitcoin and many altcoins up to unprecedented levels. Bitcoin recorded its all time high a few weeks ago, as it exceeded the $1300 price level for the first time ever since the genesis block was mined. This rise in the market capital of bitcoin, ethereum, monero and others was fueled by uncertainty towards the fiat economy secondary to Trump’s winning of the US Presidential elections, Brexit and the unrest in the Middle East.
Throughout this article, we will point out the most promising cryptocurrencies that have the potential to grow massively and hence, can represent good investment opportunities in 2017.
Ethereum is a unique cryptocurrency that presents a distributed computing platform that features the “smart contract” functionality. Many crypto-enthusiasts think that ethereum is undervalued at the moment and others believe that its real value is even greater than that of bitcoin. Ethereum is by far the most promising coin to invest in this year. During the past couple of months, ethereum has been witnessing a bullish wave that led to more than %300 rise in its price in March. Even more, ethereum has recorded last March its all time high of $54. In my opinion, ethereum has the potential to be worth more than $100 by the end of this year.
Monero is one of the most promising altcoins that will definitely witness enormous gains in 2017. Apart from most other cryptocurrencies, Monero’s transactions are anonymous, thanks to its CryptoNote protocol that relies on ring signatures. Similarly to ethereum, monero’s price spiked, recording more than 100% gains during the past few weeks. Interestingly enough, monero has also recorded, in the later half of last March, its all time high of $25. Monero has the potential to grow to over $50, especially after AlphaBay, one of the major darknet marketplace, has chosen to add monero as a payment method late in 2016. Oasis, another darknet marketplace, also started to accept monero payments, and more markets are expected to do so too, during 2017, which will take the price of monero to the moon.
DASH currently represents the third biggest cryptocurrency by market capitalization. Similarly to monero, DASH’s transactions are anonymous via a unique coin mixing service known as “PrivateSend”.
The year started with a bullish wave that has been controlling DASH’s market since then. The bullish wave climaxed later in March by scoring DASH’s price all time high of around $116. DASH was the second cryptocurrency to be added as an accepted payment method on darknet’s marketplaces. It has the potential to grow to over $200 this year, especially that DASH is by far the cryptocurrency with highest anonymity levels.
There are other coins that hold great potential for growth in 2017. Augur is a promising altcoin as it is presenting a new concept for decentralized market predictions. STEEM also holds enormous potential as it is by far the most successful decentralized social network. MaidSafeCoin’s price can also skyrocket during the upcoming months as it is supporting a new concept of crowd-sourced internet. GameCredits also hold great potential for growth during 2017, especially that it is introducing a new concept for online gaming markets.
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