Market Overview

3 Must-Know Cryptocurrency Points For 2018


New Year's resolutions have been made after saying goodbye to 2017, and in the tech and financial world, all eyes are on cryptocurrency. 

Everyone and their mother became familiar with the word "Bitcoin" when this currency shocked the world by cracking $10,000 for the first time, and then minds were further blown when it nearly reached $20,000. 

Now that the hype has reached highs and the new year's champagne bottles have been put away, it's time to refocus and learn what you need to know to move forward in a world cryptocurrency is important. 

1. Look For An Increase In Hardware Options

You could say that Bitcoin and cryptocurrency are in the wild west stages of development. Everyone knows it's important, but the landscape has yet to be set to know what the future holds. 

Toward the end of the year, hackers reportedly lifted more than $70 million worth of Bitcoins, which means that security will be a key issue moving forward. 

Expect to see crypto wallets become increasingly important in 2018. 

This hardware stores your actual coins for safekeeping so that you're safe from these sorts of incidents. 

Companies are rolling out products that will allow you to pay off parking. The wallet hardware is installed in your vehicle so you can pay it off without thinking. 

While it remains to be seen how common these become, it's clear that the market is dictating that cryptocurrency is here to stay. 

2. People Will Appreciate Privacy More

Before Bitcoin ever became a household name, it was a little underground currency that people used to make online purchases privately. 

While the world is moving toward adopting cryptocurrency, there are countless people who want it to return to its more private benefits and origins. Coins like Monero and Zcash have become the favorite of people around the internet looking to make private purchases. 

They have a vested interest in these coins becoming and remaining healthy for the long-term. 

3. Stay Tuned For The Post-Bitcoin Rush Cryptocurrencies To Rise

Don't think that you completely missed the boat if you didn't get in on the initial Bitcoin rush. 

While Bitcoin broke the mold, there are several cryptocurrencies you should be champing at the bit to get in on while the prices are low. 

Some crypto's that deserve your attention in 2018 include Ripple, Ethereum, and Tron. After learning your lesson from the Bitcoin rush, you should be in a good position to win big by jumping on one of these smaller currencies fighting for market space. 

Use these points so that you know what to stay tuned to as the 2018 cryptocurrency landscape plays out. 

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Bitcoin contributor contributors EthereumCryptocurrency News Forex Markets


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