What are the top cryptocurrency investments recommended by Zacks for 2018?
Chanyeong ParkDec 26, 2021 · 3 years ago6 answers
Can you provide me with a list of the top cryptocurrency investments recommended by Zacks for 2018? I'm looking for expert advice on which cryptocurrencies have the potential for high returns this year. I want to make sure I'm investing in the right coins to maximize my profits. Can you help me with this?
6 answers
- Dec 26, 2021 · 3 years agoSure, I can help you with that! According to Zacks, some of the top cryptocurrency investments for 2018 include Bitcoin, Ethereum, Ripple, Litecoin, and NEO. These cryptocurrencies have shown strong growth potential and have a solid track record. However, it's important to note that the cryptocurrency market is highly volatile and investing in cryptocurrencies carries risks. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.
- Dec 26, 2021 · 3 years agoAbsolutely! Zacks recommends considering Bitcoin as one of the top cryptocurrency investments for 2018. Bitcoin has been the most well-known and widely used cryptocurrency for several years now, and it continues to dominate the market. Its strong brand recognition, widespread acceptance, and limited supply make it an attractive investment option. However, it's important to keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate dramatically. Therefore, it's crucial to stay informed and make informed investment decisions.
- Dec 26, 2021 · 3 years agoWell, according to Zacks, one of the top cryptocurrency investments for 2018 is Ethereum. Ethereum is not just a cryptocurrency but also a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps). It has gained significant attention and adoption in recent years due to its potential to revolutionize various industries. Ethereum's native cryptocurrency, Ether, is used to power the platform and is considered a solid investment option. However, as with any investment, it's important to carefully consider the risks and conduct thorough research before making any decisions.
- Dec 26, 2021 · 3 years agoZacks recommends Ripple as one of the top cryptocurrency investments for 2018. Ripple is a digital payment protocol that enables fast and low-cost international money transfers. It has gained significant traction in the banking industry, with many financial institutions adopting its technology. Ripple's native cryptocurrency, XRP, is used to facilitate transactions on the Ripple network and has shown strong growth potential. However, it's important to note that Ripple's relationship with traditional financial institutions has been a subject of debate, and investing in XRP carries its own set of risks.
- Dec 26, 2021 · 3 years agoLitecoin is another top cryptocurrency investment recommended by Zacks for 2018. Created by Charlie Lee, a former Google engineer, Litecoin is often referred to as the silver to Bitcoin's gold. It offers faster transaction confirmation times and a different hashing algorithm, making it a popular choice for those looking for a more efficient and scalable cryptocurrency. However, it's important to remember that the cryptocurrency market is highly volatile, and investing in Litecoin, like any other cryptocurrency, carries risks.
- Dec 26, 2021 · 3 years agoNEO, often referred to as the 'Chinese Ethereum,' is also recommended by Zacks as a top cryptocurrency investment for 2018. NEO is a blockchain platform that aims to digitize assets and automate the management of digital assets using smart contracts. It has gained significant attention in China and has been dubbed the 'Ethereum of China.' NEO's native cryptocurrency, GAS, is used to power the platform and has shown strong growth potential. However, as with any investment, it's important to carefully consider the risks and conduct thorough research before making any decisions.
Related Tags
Hot Questions
- 91
How can I minimize my tax liability when dealing with cryptocurrencies?
- 76
What is the future of blockchain technology?
- 75
How does cryptocurrency affect my tax return?
- 75
What are the best digital currencies to invest in right now?
- 73
What are the tax implications of using cryptocurrency?
- 70
Are there any special tax rules for crypto investors?
- 64
How can I protect my digital assets from hackers?
- 56
What are the advantages of using cryptocurrency for online transactions?