These are my top 4 cryptocurrencies that I own and my price predictions for the end of 2017.
[This is Not financial advice] - Not in order
1. Neo
Neo is looking to be China's leader for the smart economy. Which pretty much means they are trying to be the Ethereum of China. Neo is already tokenizing assets, creating smart contracts, building and maintaining digital identities, and much more. What gives Neo a bigger pull than other cryptocurrencies is that it is supported by a large number of programing languages i.e, C#, Java, Go and Python. That being said the big dog Ethereum can only use Solidity. This means more people can work on Neo and with it. Neo also has many ways to implement smart contracts which are computer protocols intended to " Facilitate, verify or enforce the negotiation or performance of a contract" to sum that up I will give you an example. Lets say you and your friend want to make a bet on the upcoming Floyd v.s McGregor fight coming up and you want to make sure he holds his side of the deal, well instead of having to trust him you could use a smart contract. You can set up and if then protocol ( If ____ happens payout of NEO will be ___) and through that the winner of the bet will receive the amount you guys put up. It obviously can get a lot more complicated but thats kinda the base. Next thing that is a big plus for Neo holders is that you get payed a % in Neo Gas to hold your Neo in a wallet, whats better than free money ? Neo plans on connecting businesses and banks with their technology to make one big "Smart Economy" in China, and well for the most part thats what they are doing. Right now Neo is hovering around 36 USD and i expect it to hit AT LEAST 55-60 USD by the end of this year.
2. Steem
Steem is a little tricky.. Many people who invest in Steem don't understand that Steem is the crypto-currency that is designed to transfer value between Steam Dollars, Steem Power and regular currencies. It is used to convert into Steem Power which on steemit.com can be used for a higher voting power. If you are looking for a more secure long term through Steem you can convert it to Steem Dollars which are pegged to the US Dollar to avoid deflation a protection from volatility. At this point you are probably asking yourself, sooo how can steem itself be a good investment then? Well I'll tell you, Steem passed 100,000 users and has over 500,000 unique monthly visitors, which coincides to Steem itself. Eventually more and more people will want to get on the Steem platform which means more and more people are going to have to use Steem as a form of payment or cross-payment. As more users join the valuation of Steem increases which means Steem itself will increase. So ya people can pump or dump Steem but a the end its based off of the amount of people using Steem, and the charts show that every week more and more users are signing up, which makes this for me a very sturdy long term investment. Steem is hovering arounf 1.35 USD and I predict it to hit AT LEAST 3.50 USD by the end of 2017.
3. Edgeless
Let me start off by saying the casino industry alone is over 250 BILLION. Now whoever can tap into that and make it not only more available for people but can make it so businesses/developers can use it for themselves and make a working decentralized casino is going to be huge, and thats just what Edgeless is doing. Edgeless is the first Ethereum based casino that offers fully transparent and 0% edge gambling online. Todays online casinos aren't very trustworthy, mainly because you can't really see where the money is going, what they are doing with it, and if they are paying you to the full amount. With a decentralized casino that problem will disappear. Like I told you guys with Neo, Edgeless, since being built on Ethereum, uses smart contracts which literally means there are no means of cheating. Another strong factor is that it offers instant and cost-effective crypto-currency transfers that provide instant money deposits & withdraws for every player, while regular casinos hold your money for 1 - 3 days.Edgeless is currently around .71 USD and i expect it to hit at least 2 USD by the end of this year, due to growing demand of decentralized casinos.
4. Ripple
Ripple see's itself as "The world's only enterprise blockchain solution for global payments." Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally. Ripple is trying to be able to have connectivity across payments networks, instant and on-demand settlement, real time traceability of funds, and low operational and liquidity costs. Ripple is built on the most advanced blockchain technology that is scalable and claims to be the most secure and interoperates different networks. Ripple currently has over 90+ customers, most being big banks or corporations and are continuing to grow. I'll give you an example of one of the problems ripple is trying to fix. Lets say XYZ corporation has 12,000,000 USD and want's to bring it to their new business in Europe, now usually you would hve to go through a whole process with taxes and converting and delivering in order to receive it in Europe. And by the time it gets there, you lost valuable time, and most definitely do not have 12,000,000 anymore because of taxes and other issues. Ripple is trying to be able to fix that by offering a scalable platform in which you can send money with little to no fees almost instantly. That's a big problem they are going after, and people have tried to fix this problem but no one has ever came close to Ripple. Currently Ripple is .28 USD but i can easily see it hitting .50 - .60 USD by the end of this year.
Hope you guys liked it and if you did please show some support this took awhile. Let me know if you have any questions id love to help!