2017 was a very fun year for those invested in Cryptocurrencies! We have reached the point where it is more likely that a random stranger has heard of Bitcoin rather than having never heard of it. Rewind a year ago and it was likely that less than 10% of your friends knew what Bitcoin was.
I looked up the price of several cryptocurrencies on the 15th day of each month in 2017 and put together the numbers on what $50 would have purchased on that day and then what a $50 per month investment on that day would have returned at the end of the year.
So, if you invested $50 per month in Bitcoin every 15th day of the month for the entire year of 2017 (equaling $600 invested) how much money would you have now? Well, I did the math for you, and you would have approximately 0.3104 of a Bitcoin equalling roughly $4,350. That would be almost 10x the $600 you invested which is a fantastic ROI. Of course we are in a dip right now so at its ATH price you would have had roughly $5,963.
If you invested $50 per month into Litecoin on the 15th day of each month you would have approximately 50.31 Litecoins at todays price your $600 investment would have returned $12,124. At its ATH price you would have had $19,017.
So, as you see, even just a small investment of $50 per month would have yielded significant returns in the year of 2017. But what if you had studied cryptos and learned of some good Alt coins with great potential, what could you have done with your $50 per month.
There are many cryptos that gave significant returns in 2017, but I chose NEO. NEO was a very popular alt in 2017. Anyone who spent much time researching cryptos would have heard of NEO so it's safe to say that you would have invested in NEO had you been involved at the beginning of the year. At $50 per month on the 15th day of each month you would have accumulated 1,716 NEO. At todays price your $600 investment would have yielded a whopping $107,644!!!!! However, Let's say that you were really confident in NEO and had the ability to invest $200 per month for 1 year totaling a $2,400 investment. Your $2,400 would now be.... drum roll please... $425,072. Now that is not quite millionaire status, but for $200 per month you could be almost half way there in just 1 year. I know $400 per month is starting to push it for most, but at $400 per month you could have accumulated over 14,000 NEO and at it's ATH price of $73 you would be a crypto millionaire. So for $8,800 over the course of the year, just $400 per month, the price of a car payment you could now be a millionaire.
SO, how do we find the next NEO. There are several key factors, but one of the most important is looking at potentioal future market cap and coins in circulation. For Bitcoin for instance. At its max there will only ever be 21million coins in circulation, but the potential future market cap is in the Trillions. Bitcoin is eating banks and currency reserves among other things. Therefore, even if it eats a decent % of its potential it will reach a $20Trillion market cap at which point 1 Bitcoin will be worth $950,000 which is why many predict a $1million Bitcoin.
Litecoin intends to eat the payment industry. So, checking accounts, credit cards, paypal, etc.. On average each day roughly $5trillion circulates via payments made. Litecoin's circulating volume is roughly 10% of its overall market cap. So, let's say that Litecoin eats just 10% of the payment industry that would be a circulating volume of $500Billion and if the math holds that would give us a $5trillion future market cap for Litecoin making 1 Litecoin= $61,728. Factoring in the future 81million coins in circulation.
So, as you can see, to project a coins future price you want to find a coin that will eat an indusrty with a large market cap, and couple that with a small circulating supply of coins. Using these factors we can more easily pick which Alt coins we will invest in.
So, here are the list of coins I will be investing in during 2018, their current prices and their potential future values. The honorable mention list includes coins that other members in my group are high on: IOTA, NEXUS, and NXT. I plan to invest in all 3, but I will allocate a recurring $50 per month to the following:
GOLEM (GNT)- Currently you can buy Golem for $0.83. I began purchasing Golem at $0.22 so it has already yielded solid returns. Golem has a high circulating supply of coins at 834million, but the industry that Golem is attempting to eat could leave it with a very high market cap. Cloud computing is a $250Billion per year industry. At just 10% of that we are left with a $25billion potential future market cap bringing the price of Golem to roughly $25 and that is not factoring in more money that could flow in if Golem partners with tech that wants to create decentralized internet.
Substrantum (SUB)- Did I mention decentralized internet. Substrantum and Nexus are at the forefront of this. Both are great investments and will likely coexist together. Substrantum is roughly $1 and Nexus in the $3 range. Either are good picks at a cheap price and the future is quite difficult to predict how high a market cap could reach.
Vertcoin (VTC)- Vertcoin is very very similar to Litecoin. If Litecoin is Mastercard then Vertcoin is Capitol One or American Express. Both will be successful in the payment industry for Cryptocurrency. Vertcoin has an organically strong community same as Litecoin. Vertcoin is currently sitting at less than $7. I expect it to push to the $70-$100 range this year. Vertcoin has a very small coin supply at just 42 million which is great because if just $1billion moves into the Vert market cap (Litecoin currently $13B) then you will be looking at massive returns.
Civic (CVC)- While I have grown tired of Vinny Lingham (Creator of Civic) I still believe it to be a very strong protocol. Civic is attempting to bring the business and personal identity ecosystem to the Blockchain. With the Equifax debacle in 2017 it is obvious that the personal identity system needs an upgrade and I believe Civic has the best chance to win this industry. Equifax has a more than $14Billion Market cap. Civic has a future 342million circulating coin supply and at just a $302million market cap it is easy to see just how much potential growth is out there.
So these are the coins I will be putting my money on. There are many more great ones out there, but I mostly just wanted to show the potential growth you can look forward to, and highlight some cheap coins that will likely take off in 2018. Let me know what your favorite alts are in 2018.
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Great article. Impressive arithmetic dedication and an uplifting read in the end of year dip. I've been studying the markets for a while and since futures entered the equation, the volatility oscillation has gone insane. It will no doubt shake off a few nervous types.
2018 is going to be the year of the altcoins, no doubt about it. Love Neo and Litecoin. Excellent appraisals of the other coins listed here. storjx is one to watch out for with cloud as is siacoin.
My thinking this year was something like, what will Joe Public, get and it's the tangible projects which seem attractive like cloud storage. Long Live the BlockChain Revolution ... you just got a new follower, Happy New Year
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