Do Kwon’s Crypto Picks for 2019 – The must have list for any crypto investor! Find out which coins he’s bullish on and which to avoid!
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Do Kwon’s Top 5 Crypto Picks for 2019
The beginning of 2019 saw a bear market in the crypto industry. Many thought that the bubble had finally bursted and that the prices would never recover. However, there are always those who see opportunity in even the darkest of times. Do Kwon is one of those people.
1. Bitcoin (BTC) – functional cryptocurrency with the largest market capitalization
2. Ethereum (ETH) – platform for smart contracts and dapps
3. Litecoin (LTC) – functional cryptocurrency with fast transactions
4. Bitcoin Cash (BCH) – functional cryptocurrency with low fees
5. EOS (EOS) – platform for dapps
1. Ethereum: ConsenSys founder Joseph Lubin is bullish on Ethereum in 2019.
2. Bitcoin: While Bitcoin may have lost some luster in 2018, Do Kwon believes it will still be a major force in the crypto world in 2019.
3. XRP: Do Kwon is bullish on XRP thanks to its growing adoption by banks and financial institutions.
4. Stellar: Do Kwon believes Stellar has the potential to become a major player in the payments space thanks to its low transaction fees and fast transaction times.
5. EOS: EOS is another crypto that Do Kwon is bullish on in 2019, due to its scalability and growing adoption by businesses and developers.
Litecoin (LTC) is one of the oldest and most well-known cryptocurrencies. It was created in 2011 by Charlie Lee, a former Google employee. Litecoin is very similar to Bitcoin but it has a few key differences. For one, Litecoin is faster than Bitcoin. It can confirm transactions much quicker. Secondly, Litecoin uses a different hashing algorithm than Bitcoin. This makes it more accessible to miners who can’t afford the expensive ASICs that are required to mine Bitcoin efficiently.
Litecoin has long been considered the silver to Bitcoin’s gold. However, in recent months Litecoin has lost some of its luster. The price of Litecoin peaked in December at around $370 but has since fallen to around $60. Despite this recent slump, I believe that Litecoin still has a lot of potential. First, Litecoin’s price is still up significantly from where it was just a year ago. Secondly, Litecoin’s transaction speed and lower fees make it a very appealing option for Merchants who want to accept cryptocurrency payments. I believe that as the mainstream adoption of cryptocurrency continues to grow, Litecoin will regain its place as one of the top cryptocurrencies in the world.
Bitcoin Cash (BCH) is a direct fork of the Bitcoin blockchain, and it is designed to offer a few key improvements over the original Bitcoin protocol. For one, it increases the block size from 1 MB to 8 MB, which allows for more transactions per block and thus, faster transaction times. Additionally, it implements a new technique for consensus called “Proof-of-Work plus Proof-of-Stake” (PoW+PoS), which is designed to be more energy efficient than standard PoW.
BCH is currently the 4th largest cryptocurrency by market capitalization, and it remains one of the most popular altcoins in spite of its relatively young age. It has a strong community of supporters and developers, and it has seen significant adoption since its launch in August 2017. If you’re looking for an altcoin with real potential in 2019, BCH is definitely worth considering.
EOS is a smart contract platform that enables the development of decentralized applications (dApps) similar to Ethereum. However, EOS stands out from ETH because it uses a unique consensus model called delegated proof-of-stake (DPoS). Under this model, token holders can vote for block producers who validates transactions and maintain the EOS blockchain. The EOS mainnet launched in June 2018 and has quickly become one of the most popular dApp platforms in the crypto space. Notable projects built on EOS include Everipedia and
Reasons for Picking These 5 Coins
I have been in the cryptocurrency space for a little over two years now and have seen a lot of coins come and go. These are my top 5 picks for 2019 and the reasons why I chose them.
Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies have been created. These are often referred to as altcoins, as a contraction of “bitcoin alternative”. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are between 2.9 million and 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin
Ethereum is picked as it is a second generation blockchain technology that allows for the development of decentralized applications (DApps). It is also a platform that facilitates smart contracts. In addition, Ethereum has a large and growing community of developers and projects.
Some other reasons for picking Ethereum are that it is the most actively used blockchain, with more transactions per day than any other blockchain. It also has the largest number of developers working on it and has the second highest market capitalization after Bitcoin.
Litecoin is a cryptocurrency like Bitcoin, but it is built on a different protocol. Litecoin is faster than Bitcoin and cheaper to transact. It is one of the oldest cryptocurrencies in existence, and it has a strong community and development team behind it. For these reasons, I believe Litecoin is a good pick for 2019.
Bitcoin Cash (BCH) is a fork of Bitcoin (BTC) that was created in August of 2017. The key difference between the two is that Bitcoin Cash increased the size of each block from 1 MB to 8 MB. This was done in order to make the network faster and more scalable.
Bitcoin Cash is often referred to as “the real Bitcoin” by its supporters. This is because they believe that Bitcoin should be used as a peer-to-peer electronic cash system, rather than simply a store of value like Bitcoin has become.
One potential downside of investing in Bitcoin Cash is that it is still very new and therefore much more volatile than Bitcoin. However, this also means that there is huge potential for growth.
EOS (EOS) is a cryptocurrency token and smart contract platform that was created by Block.one. The company behind EOS, Block.one, raised over $4 billion dollars in a year-long Initial Coin Offering (ICO) that ended in June of 2018. EOS launched its mainnet on June 2, 2018 after a highly anticipated launch. EOS is similar to Ethereum in that it allows developers to create decentralized applications (DApps) on its platform. However, there are several key differences between the two platforms. One major difference is that EOS uses a Delegated Proof-of-Stake (DPoS) consensus mechanism while Ethereum uses a Proof-of-Work (PoW) mechanism. DPoS is a variant of the PoS consensus mechanism and it is designed to be more scalable than PoW or PoS mechanisms.
Another key difference between EOS and Ethereum is that EOS provides developers with services like user authentication, server hosting, and cloud storage, which make it easier for developers to create DApps on the EOS platform. In addition, transactions on the EOS network are free while transactions on the Ethereum network require gas fees. These differences make EOS an attractive option for developers who are looking to create decentralized applications.
EOS has been one of the top performing cryptocurrencies in 2019 and its price has risen significantly since its mainnet launch in June 2018. The price of EOS reached an all-time high of $22.89 on April 29, 2019 and it has continued to rise since then. At the time of writing this article, the price of EOS is $10.54 and it has a market capitalization of $9 billion.
Do Kwon’s Overall Thoughts on the Crypto Market in 2019
The Bear Market of 2018
The bear market of 2018 was particularly harsh for cryptocurrencies. After reaching an all-time high in early January, the crypto markets took a sharp nosedive, losing over 80% of their total value by December. This widespread price crash was caused by a variety of factors, including concerns over regulatory crackdowns, weak technical fundamentals, and investor fatigue.
Despite the difficulties of the past year, there are reasons to be optimistic about the future of cryptocurrencies. In this article, I will share my overall thoughts on the crypto market in 2019 and some of my favorite picks for the year.
The Rebound in 2019
After a disappointing 2018, many investors have been asking themselves if 2019 will be the year that the crypto market rebounds. While it’s impossible to predict the future, I believe that there are a number of factors that suggest that the market has bottomed out and is primed for a recovery.
In particular, I believe that the following three factors will be key drivers of growth in the crypto market in 2019:
1) The Institutionalisation of Crypto
2) The Expansion of Crypto into Mainstream Use Cases
3) The Adoption of Leading Technologies by Crypto Projects
The Future of the Crypto Market
In 2019, I believe that the crypto market will continue to develop and mature. We will see more institutional investors enter the space, and we will see more regulation. This is a good thing for the long-term health of the market. I believe that we will see some major players emerge as the leaders in this space, and that we will see some consolidation among the hundreds of different coins and tokens that are currently in existence. I believe that Bitcoin will remain the dominant force in the market, but we will also see altcoins such as Ethereum, Litecoin, and Monero become more widely accepted and adopted.