Trends help analyse any given sample of data. Using trends of the last few years, we can analyse the crypto currency market in 2018. This will help us decide what the future of currencies are in 2018, and what you should mine. Let’s see the predictions one by one
Bitcoin’s market share in the crypto currency economy just dipped below 33 percent for the first time in history. 2018 is looking like it’s going to be the “Year of the Altcoins.” Ethereum is now contesting with Litecoin for the title of the top “altcoin” this year. We’ve already seen the ether price surge early on, and this might be par for the course for what’s to come. Ether co-founder is extremely bullish about his currency. He believes this might be the year where Ether flips Bitcoin to become the most mined and most valuable currency. If you’re going to mine something, get a GPU and mine for Ethereum
Originally, the dominant Bitcoin price prediction was that Bitcoin would reach the $14,000 mark by mid-2018. Optimists are hoping that Bitcoin will break through the $100,000 barrier within the next year now. In fact, some people, including CNBC’s Jim Cramer, predict that Bitcoin will go as far as shatter the million dollar threshold one day.
As far-fetched as these forecasts may seem when you first hear them, they aren’t completely impossible. Seeing as Bitcoin’s price has been doing the impossible for the past few months, anything can happen.
Additionally, upon taking a closer look, you will come to realize that these optimistic Bitcoin price predictions for 2018 may have some ground. For one thing, the growth of the amount of daily transactions using Bitcoin has grown 100 times faster than the price of the currency. Considering the value has increased by about 20 times over the past year, the amount of trades have increased about 2000 times. This means that the current price hike might be just the start.
While Bitcoin mining is now harder than at any point, mining pools means that it is still possible. A profit is there to be made, it just needs to be done with more effort now
Litecoin will likely remains stable among this turmoil. With more people switching to Ethereum, and Bitcoins being the most popular crypto currency, there is no real chance of a great hike. However, mining Litecoins might be easier in the next year than Ether and Bitcoin because of the reduced interest. If people do return to Litecoins in the future, this could be a great investment
Mining is here to stay and is as bright as ever. There’s no need to panic about the future of Crypto Currency, as it looks as bright as it ever has. 2018 might be the year where mining and its profit rises faster than in any preceding year.