If you’re looking for the next big cryptocurrency to invest in, look no further! In this blog post, we’ll take a look at the top contenders for explosive growth in the near future.
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Bitcoin
Bitcoin has seen some incredible price action over the past year. It started off 2017 priced at around $1,000 and ended the year north of $19,000. That represents a gain of over 1,800%. A lot of people have made a lot of money from investing in Bitcoin, but it hasn’t been without its volatility.
What’s next for Bitcoin? Only time will tell, but there are a few things that could happen that could send the price of Bitcoin even higher.
1) More mainstream adoption – If more and more businesses start accepting Bitcoin as a form of payment, that could drive up demand for the currency and lead to higher prices.
2) More institutional investors – Right now, most Bitcoin investors are individual retail investors. But if more institutions like hedge funds and pension funds start buying into the currency, that could lead to a surge in demand and higher prices.
3) A breakthrough in blockchain technology – The underlying blockchain technology that powers Bitcoin is still in its early stages. If there are any significant breakthroughs in how blockchain works, that could increase interest in Bitcoin and drive up prices.
Ethereum
###Ethereum
Of all the altcoins on the market, Ethereum has been one of the most reliable sources of growth and expansion. The cryptocurrency saw a bull run in early 2018 that took it from $700 to over $1300 in a matter of weeks. Ethereum is currently hovering around $200, but many experts believe that it will reach new heights in 2019.
Litecoin
Litecoin has been one of the top performers in the cryptocurrency space in recent months, with prices surging more than 400% since December.
There are a few reasons for Litecoin’s recent price increases. One is that Litecoin is seen as a good investment opportunity because it is one of the most established cryptocurrencies, with a long track record and a large community of users and developers.
Another reason is that Litecoin is seen as a good “hedge” against Bitcoin, meaning that it tends to do well when Bitcoin’s price is falling (as it has been in recent weeks). This is because investors often see Litecoin as a cheaper and more accessible alternative to Bitcoin.
Finally, Litecoin’s recent price increases may also be due to technical factors, such as the upcoming halving of Litecoin’s block reward (which will reduce the rate at which new Litecoins are created), which could lead to higher prices due to increased scarcity.
Bitcoin Cash
Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or an altcoin that was created in 2017. A group of developers wanted to increase bitcoin’s block size limit, which was causing high transaction fees and slow transaction times. They decided to create a new blockchain with improved features. Bitcoin Cash has since become one of the top 5 cryptos by market cap and continues to grow.
Ripple
Ripple is a cryptocurrency that has seen a lot of growth in 2017. Although it is not as well known as Bitcoin, it has nonetheless managed to explode in value. ripple is currently the third largest cryptocurrency by market capitalization, and its rise does not seem to be slowing down.
Cardano
Cardano is a cryptocurrency that is similar to Ethereum in many ways. It was created by a team of developers who are experienced in blockchain technology. Cardano is unique in that it uses a proof-of-stake algorithm called Ouroboros, which is more energy efficient than other proof-of-work algorithms. Cardano also has a robust governance system, which allows the community to make decisions about the future of the platform. Cardano is still in development, but it has the potential to become a major player in the cryptocurrency market.
Stellar
Stellar is a decentralized protocol that enables you to send money to anyone in the world, instantly, for free. Its native currency, the Stellar Lumen (XLM), is currently ranked as the sixth largest cryptocurrency by market capitalization.
Since its launch in 2014, Stellar has been adopted by a number of high-profile clients, including IBM, Deloitte, and Kakao. In October 2018, Stellar partnered with Coinbase to offer USDCoin (USDC) on its network. This marked the first time that a major cryptocurrency exchange had listed a stablecoin on its platform.
Stellar’s popularity is likely to continue growing in 2019 as more and more businesses realize the advantages of using a decentralized protocol for cross-border payments. With its low transaction fees and fast transaction times, Stellar is well-positioned to compete with established payment processors like PayPal and Western Union.
NEO
NEO, previously known as Antshares, is China’s first ever open source blockchain. Founded in 2014, NEO’s mission is to build a “smart economy” by utilizing blockchain technology and digital identity to digitize assets and automate the management of digital assets using smart contracts.
NEO boasts a strong team with extensive experience in the traditional financial sector and promises to bring the power of blockchain technology to a wide range of industries including digital asset management, identification, and more.
So far, NEO has made great progress in delivering on its vision. The platform has launched several successful projects including the NEO COIN token sale platform, the Neon wallet, and the Neon Exchange (NEX). In addition, NEO has partnered with major organizations like Microsoft and Alibaba to promote the adoption of blockchain technology.
With its strong team, partnerships, and progress toward its goals, NEO is one of the most promising cryptocurrencies in the market today.
EOS
EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum. It was launched in June 2018 as a competitor to Ethereum, and it is currently the fifth largest cryptocurrency by market capitalization.
What sets EOS apart from Ethereum is its scalability. EOS can handle millions of transactions per second, whereas Ethereum can handle only about 15. This makes EOS much more suitable for large-scale dapp development.
EOS also has a unique governance model. Rather than having miners who are rewarded with newly minted coins for validating transactions (like in Bitcoin), EOS has 21 “block producers” who are elected by the community and who receive rewards in the form of transaction fees.
The EOS community is very active, and there are already many popular dapps built on the platform, such as Everipedia (a decentralized Wikipedia) and PixEOS (a decentralized photography platform). With its strong community and plenty of real-world use cases, EOS is a cryptocurrency to watch in 2019.
IOTA
IOTA is a scalable, decentralized ledger system that goes ‘beyond blockchain’ through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG), whose digital currency ‘iota’ has a fixed money supply with zero inflationary cost.
IOTA is developer friendly, as transactions can be initiated and confirmed without fees. Since there are no miners, there is no need for unnecessary computational resources. All network participants can validate the transactions they want and stay completely anonymous if they choose to.
IOTA’s fee-less, instant micropayments allow for a variety of exciting use cases in the Internet-of-Things economy, such as feeless sensor data collection, secure Over-the-Air updates for connected devices, machine to machine payments and many more.
