The most promising cryptocurrencies you Should Think about investing – 2019 Updated List
Just like 2018, another year promises to be filled with ups and downs for all cryptocurrencies. That means there is still an opportunity to get rich — you just have to make the right bets. Due to current Bitcoin changes, traders’ stakes turn the tables in favor of the altcoins with a strong technical backup. What are the best cryptocurrencies to spend in 2019? Here would be the most promising blockchains and businesses behind them.
The chances that Bitcoin will create its preceding 1,000% rise are small: the cryptocurrency community admits there are far more technologically innovative options. New Altoids pop up every day, and their developers keep surprising audiences with advanced features and the technical supremacy of their solutions. Although the bearish tendency of the market seems to deteriorate somewhat, no one can assure that the Bitcoin price can break its previous records and hit $20,000 again.
What about Ethereum? It’s still potent and promising, but there are lots of competitors coming up with much more agile and sophisticated block chains. Some companies are already shifting from Ethereum to Neo and platforms alike.
1. EOS: Ethereum’s Number One Rival
Of Ethereum’s opponents, EOS seems to be the most technologically innovative system. Why? First and foremost, it removes the main barrier for developers — that the Solidity language (it is the only means of programming in Ethereum). Instead of it, EOS users have access to databases and tools together with other numerous services, which means no familiarity with programming languages is required at all.
To top it off, EOS is significantly more flexible than many other comparable platforms: no gas fees are charged because 21 gatekeepers process the transactions. The coin is not mined; it’s produced by specific users elected from the community.
Benefits of EOS blockchain
2. Ripple: 2nd Coin Following BTC
Gradually but steadily, Ripple has made its way into the second largest cryptocurrency by market cap following Bitcoin. But it works with entirely different principles. Ripple was created for large financial institutions rather than individual consumers: this cryptocurrency functions to ease cross-border obligations, which makes them exceptionally fast and cheap (a transaction costs a portion of a cent). Ripple Labs received huge support from corporate investors (including Google), and now this cryptocurrency is being introduced by Asian banks and financial institutions across the world. We’ve already discussed that Ripple is not likely to reach $100, but it’s anticipated to achieve the $1 threshold in the nearest future — its cost is $0.29.
3. While such payment processing giants as PayPal charge 5 percent fees for trades, Stellar has only a $0.01 commission for 600,000 transactions! The processing speed is 5 minutes per trade, which can be quite agreeable. In addition, the platform solves the problem of energy consumption that plagues Bitcoin and some other blockchains. The proprietary Stellar Consensus Protocol is used to process operations instead of Proof of Work. The Stellar group has already partnered up with a couple of tech leading dogs, such as IBM, therefore it enjoys enormous support from corporate investors.
Why contemplate TRX? TRON recently acquired BitTorrent, which allows for developing secure decentralized torrenting methods in the future. By way of instance, such creations will help us to distribute files over a community and re-assemble them for user downloading.
Another among TRON’s benefit is that it is one of a couple of ERC20 tokens that have made it into MainNet. Although TRON’s growth isn’t as rapid as Ethereum’s, it’s 300,000 accounts up to now. At the moment, 1 TRX is worth $0.013, so it’s a fantastic investment for dealers using a shoestring budget.
Among Bitcoin’s major alternatives, Litecoin has made it into the Top-10 cryptocurrencies by market cap: it has reached a $1.45 bln capitalization and now is the 9th coin on the listing. LTC has the average block mining time of 2.5 minutes from Bitcoin’s 10 minutes. In any case, it’s one of those big four on Coinbase.
Litecoin vs Bitcoin — chief gaps
While Bitcoin requires 95% of miners to signal that they encourage SegWit for activation, Litecoin requires only 75%. The lowering of this consensus threshold makes it easier for Litecoin to attract active investors. At the moment, Litecoin costs $26.15 — it has been through ups and downs, but the cryptocurrency community considers in its own possible.
It has four key advantages over other coins:
It is fully decentralized.
Users are not charged fees.
It is modular.
The technological secret inherent IOTA’s success is the Tangle. While Bitcoin utilizes a blockchain environment to keep the ledger, IOTA’s Tangle is a directed acyclic graph (DAG). Such a system solves the issues of scalability and transaction fees. The sender performs some type of proof of work and approves 2 trades. Therefore, the greater the number of users is, the faster transaction speed they can appreciate. To top it off, IOTA has a lot of applications.
Taking into consideration the fact that the amount of Internet-driven devices is forecast to reach 30 bln gadgets by 2020, along with the market cap will be approximately $7.1 trillion, IOTA includes a great deal of potential, though there’s a serious competitor — the IOTW startup.
Crucial differences between IOTA and IOTW
Standard Attention Token (BAT) was set by tech experts from all around the world. This token is made for content creators, publishers, their viewers, and advertisers. For example, users may contribute to content creators in BAT currency, or receive BAT benefits for watching advertisements. With this particular browser, users will enjoy the content they enjoy without annoying ads and ISPs advertising their personal information. The cryptocurrency is expected to begin growing in a year or so.
LIC was founded with the goal of making a new blockchain management model, getting the first members of their DAMO. Each player in the creation of this DAMO has invested $500,000.00 for the creation and launch of the LIC project. Funds managed by the DAMO are protected through multi-signature wallets
The value of LIC is the community of individuals that take part in the creation of new coins and utilizing LIC as a medium of trade. No institution or government can control the amount or price of LIC. Users determine the value of LIC according to supply and demand.
LIC‘s POS model lessens the risk of hacker attacks, data manipulation or concentration of value and monopolization of the market. Transactions in almost any electronic money have to be approved and verified by the peer-reviewed system throughout the POS system. This approval enables the community to have a role in the life of their money and, at the identical time, be a guarantor of safety. The network remains secure even in case of an effort to hack and malware.
There are many contributors supporting this crypto asset, therefore it’s all of the chances to increase in value.
A fantastic alternate to Zcash, Monero can be used from the darknet marketplace (for this reason, Coinbase is not very likely to include it shortly ). The Monero blockchain boasts thought-through trade schemes that involve ring signatures and stealth addresses that maintain transactions private. Like Bitcoin, Monero also gets the proof of work affirmation standard: it means there’s always value behind XMR. Aside from that, Monero has strong community service since it’s based on the principles of decentralization and privacy — those are the essential values for investors and traders.
Monero’s primary advantages are as follows:
It’s a superior mining algorithm. It’s designed so that ASICs wouldn’t have a lot of technological excellence over usual computers possessed by average users. It means that mining Monero would be simple for any user. On account of the lack of an entrance barrier, Monero brings more participants into fuel its development.
Adaptive block size limit. Money cubes are made every 2 minutes, and the elastic block size limit means that users will be automatically able to take care of the upcoming increase of trades by expanding the block size mechanically.
I2P protects users from passive network monitoring, therefore no one can say if you utilize Monero whatsoever. You will find over 180 contributors supporting this blockchain, therefore it has all of the chances to increase in value.
The blockchain behind Skycoin was made to replace Bitcoin and Ethereum altogether. It has a well-developed infrastructure which serves the following purpose:
Skycoin will replace Bitcoin.
Skywire — the new decentralized Internet, a wireless mesh network where consumers are rewarded for harnessing it.
Skyline — the hardware that pushes a decentralized Internet. Participants are paid for supplying storage, bandwidth, and CPU power.
CXO — P2P cloud storage service which serves the distributed network of Skywire. It’ll replace IPFS, FileCoin, BitTorrent, Mega, Dropbox, and Google Drive.
All in all, the Skycoin project can become a great alternative to the traditional Internet. At the moment, Skycoin prices $0.92, and it might grow into one of the wisest investments in 2019.
The Plan of Deciding on a Cryptocurrency to Purchase in The way to choose reliable and promising coins for investment? Here are a few recommendations for making smart investments:
1- Pick for ICOs. This is one of the simplest ways to multiply your riches. By way of example, had you spent in Neo’s crowdsale, your yield would now be 160,000 percent, or 5,000percent for Populous, or 4,000% for OmiseGo — well, you notice that ROI may be astronomic. On the other hand, the majority of ICOs fail, which means you should research thoroughly.
In case you missed your chance to put money into an ICO, you are able to invest when the coin reaches the market. During this time, there is usually a brief spike followed by a dump when investors seek short-term gains. This is a superb opportunity to buy coins you are interested in for an affordable price. Cryptopia and IDEX are perfect areas to search for such types of coins.
This is a short-term strategy and should mostly be used by seasoned traders. It isn’t a secret that the cost of a cryptocurrency rises after some partnership announcements or technician introductions. It is possible to purchase cryptocurrency cheaper and sell it to get a higher price.
4- Take the know. There are hundreds and hundreds of cryptocurrencies that have hit the market and thousands coming soon. You can’t which gems you can stumble upon.
There is still an array of opportunities to put money into cryptocurrencies which may potentially make you 10-100x yields. However, since you know, cryptocurrencies are extremely volatile. Thus before making a move, do your homework: research the cryptocurrency, blockchain, and development staff behind it. If you really believe in the essentials of the token, then the timeframe doesn’t matter. Once you purchase the cryptocurrency, get all your patience and wait for if it gets recorded on a significant exchange.