Virtual Currencies also called cryptocurrency are the latest trend in the world to become rich quickly. The people who used to argue that riches can't be gained without putting in labor for years also have been keenly investing in these cryptocurrencies. Who would not love to get 2500% profit on the amount of investment and that too so soon. Some of these Currencies have made common people millionaires, such is the hike in these top 5 Virtual Currencies that they can make your wildest dreams come true in 2018.
Let's look at those top 5 cryptocurrencies that can make you rich quickly, shall we?
#1. Dent
DENT Coin, or simply DENT, is the cryptocurrency behind the world’s first mobile data exchange. DENT seeks to disrupt the global telecommunications industry.The coin was launched through a crowdsale started on July 12. That crowdsale is scheduled to last until July 26.
The company behind Dentcoin is called DENT Wireless Limited. The goal of the company is to liberate mobile data “by enabling anyone to buy, sell and donate data through the Ethereum blockchain.” The DENT coin lies at the center of that marketplace. It’s the universal currency for data markets.
Obviously, mobile data has become a valuable necessity over the past few years. It’s an important commodity for people in developed and under-developed parts of the world. Through the DENT ecosystem, users can connect to one another across a blockchain-based platform to buy, sell, and donate their unused mobile data allowances.
Do you frequently overuse your data plan? Or do you never seem to use the massive amount of data available to you? Whether you’re buying or selling mobile data, DENT could change the way your telecommunication plan works.
Seeing the chart, you should definitely think about Dent Coin.
#2. Red Pulse
I'm not here to promote the ICO, but there could be a lot of reasons to
invest in this. What's important is if the project seems solid to your
standard, it's a reason to invest.
The ICO is from a Chinese company, yes, but they operate globally. It's build on the so-called 'Chinese ethereum'. This is just a label put on the project. It just means it's the equivalent to ethereum by a company that focused on the Chinese market and was able to better penetrate that market. China is a different market and a beast of a market at that. It's not that easy to penetrate, but if you do, it's very lucrative.
The ICO is from a Chinese company, yes, but they operate globally. It's build on the so-called 'Chinese ethereum'. This is just a label put on the project. It just means it's the equivalent to ethereum by a company that focused on the Chinese market and was able to better penetrate that market. China is a different market and a beast of a market at that. It's not that easy to penetrate, but if you do, it's very lucrative.
That Chinese citizens are banned from the ICO is a point that's debatable if you ask me. Just because they can't participate in the ICO, doesn't mean they are prohibited from buying the coin when it hits exchanges. This could raise its price. If this will happen, who knows? No one knows what Chinese regulators are planning to do, but all in all, you have to do your due diligence and see if you want to risk your money on this one.
- Conversion rate: 1 NEO = 1,000 RPX
- Maximum market cap at ICO: US$37.5 million if hard cap is reached
- Bonus structure: Day 1: 30% / Day 2-3: 20% / Day 4-7: 10%
Well stats don't lie, and this may be one of the most promising cryptocurrency for you.
#3. Ripple
Ripple is both a payment network (RippleNet) and a cryptocurrency (Ripple XRP) created in 2012. RippleNet connects banks and other big institutions and allows them to transfer money and other assets through the network. All transactions are recorded on the decentralized XRP Ledger.Ripple XRP is the currency used in the payment network for all transactions, reducing the time and money associated with cross-border payments. Each transaction through the system is processed in only four seconds. For comparison, Ethereum takes more than two minutes, Bitcoin over an hour, while traditional systems can take between three and five days.
In addition to being fast and scalable, the Ripple network also offers low transaction fees. Because of its benefits, the system is already being used by more than 75 financial institutions across the globe.
#4. Omise Go
Built on the Ethereum platform,
OmiseGO’s vision is to become the number one, peer-to-peer
cryptocurrency exchange platform. OmiseGO is much more than an altcoin.
It’s designed to be a financial platform, with the intent of disrupting
current financial institutions and methodologies. It’s all built on top of Ethereum, one of the most popular decentralised application platforms on the market today.
Exchanges today are centralised
operations. This means that the databases containing all transactions
carried out on the exchange are stored on a server (or group of servers)
owned by the exchange, alongside all the data available for a
particular user, and often including identification like a passport and
driving license.
Tthe only way to make money with OmiseGO is to treat it
as an investment. If you predict that the value of OmiseGO will rise,
you can buy OMG coins when their value is low and sell them back into
the market when the value rises.
#5. Bitcoin
Arguably the most famous and promising cryptocurrency of all time. The price in 2017 has hiked so much that even famous celebrities like Mr. Amitabh Bacchan have also been investing in this and making money.
It's a sad fact to know for all the readers that if in 2010 you had invested $4500(2 Lakh) in bitcoins, today your worth would be over $72 Million (459 Crore)!!!
For the uninitiated, Bitcoin was founded as an alternative to regulated
currency for the Internet marketplace that is not controlled by any
governmental or private regulatory body. So yes, the Bitcoin does come
with its risks – for example, say you were one of those lucky folks to
have invested $100 in it seven years ago (in which case, you’re probably
off on some exotic holiday enjoying your newly made millions), there is
no one stopping this commodity from dropping to a ridiculous low
tomorrow and burning all your millions.
But then again, it’s all about
calculated risk and betting on the winning horse. And let’s not forget,
other than millions, your bitcoin might just come in handy in case
you’re considering spending some dough on risque transactions on the Internet.
If you are in investing, then Bitcoin is something you should rush for right now.
There you have it, Top 5 Virtual Currencies that can make you rich quickly. You may find more of such important information on this blog everyday! Stay tuned.
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