Denys Serhiichuk

5 Best Upcoming Cryptocurrencies to Watch in 2019

₿👓Despite the fact that Bitcoin is the most popular cryptocurrency, there are many other digital assets that can be profitable in 2019
5 Best Upcoming Cryptocurrencies to Watch in 2019
You may also like:
Contents

Today, in the cryptocurrency ranking on Coinmarketcap, more than 2,000 digital assets are represented. Of course, not all of them have real value and potential for further development. We cannot be 100% sure which coins will be profitable in 2019, as the crypto market is too volatile and unpredictable.

What are the prospects for “young” cryptocurrencies in 2019? Let's try to identify the top five coins that should shoot up in the near future.

cryptocurrency pool

OmiseGo

OMG is the digital coin of the OmiseGO blockchain platform. The project is based on open source code. Developers initially focused on the creation of new tools to eliminate society's dependence on banks.

The OMG platform is designed to help conduct financial transactions, even for those people who live in countries with no traditional financial infrastructure in the form of banks. This service is the result of the development of the Asian company Omise, which is the leading payment provider.

OmiseGo prospects for 2019

OmiseGo cryptocurrency project is a really interesting platform with good prospects for further development.

Once the official OmiseGo wallet is released, there is supposed to be a “bear” trend of this currency. After that, an influx of new users is expected, which will make the coin more stable. Despite the fact that in 2018 the cost of the coin dropped to $3.70, the project still has good opportunities to return to its maximum highs. It is predicted that by the end of 2019 the rate of OMG can grow to $40-50. Of course, such forecasts are overly optimistic, but if the Chinese government keeps improving regulations of the crypto market, then Omise may achieve such indicators.

Despite all its prospects and interest from main market players, it is impossible to predict the exact value of the coin.

VeChain

VeChain logo

It is a public blockchain ecosystem, the main task of which is to digitize all the data that is obligatory for a successful business. First of all, we are talking about establishing a decentralized database of products, as well as creating a platform for monitoring their quality and process of delivery. The project solves issues for the market of the Internet of Things, which is a trend nowadays.

The platform has already released its own blockchain, VeChainThor, and is working to improve it.

VET coin has become available for trading since August 3, 2018. Nevertheless, we can summarize that the coin feels pretty confident in the market.

Growth factors:

  • Positive feedback from users

  • The platform has successfully completed the transition to its own blockchain

  • VET shows stability relative to other altcoins

  • VeChain has lots of serious partners who are ready to provide investments

ICON

ICON (ICX) is a blockchain platform designed to work with several different blockchains. In other words, ICON is a cross-chain solution that provides solidity for various blockchain projects. The implementation of ICON should improve the efficiency of the project's economy.

ICON ecosystem

Advantages of ICON:

  • Ensuring full universality in the system of interaction between the platform and users

  • The possibility of making modifications to smart contracts

  • The ability of quick transactions on the exchange

  • Fast information processing

  • Adaptability to working with artificial intelligence

The ICON project has official support from the South Korean government. This may be an indication that large Korean businessmen are seriously interested in the coin. Now a number of financial, medical and educational organizations from South Korea have begun to work closely with ICON in order to improve interaction with consumers. In addition, some other representatives of the business of this country and a number of corporations operating in the Asian market are showing interest in this project.

Thanks to the listed advantages of this digital currency, the 2019 forecast for ICON will be positive.

💼 Related Article
ICON Price Prediction: How Much Will ICX Cost in 2018?
🔥 Hot
6 months 2 weeks
256
ICON Price Prediction: How Much Will ICX Cost in 2018?

Enjin Coin

ENJ cryptocurrency is a digital token platform for creating gambling applications. With Enjin Coin, developers can not only create virtual gaming products but also implement them. The project uses the Ethereum network, so ENJ tokens are in the ERC-20 format.

The biggest advantage Enjin Coin offers the gaming industry is the chance to set and manage virtual goods. Developers of any platform can easily create a currency designed exclusively for their community, which will be supported by Enjin Coin.

Each asset is kept in a single smart contract and registry, so all Enjin Smart Wallets can easily recognize it.

Enjin Coin ecosystem

The project, founded and maintained by the game giant Enjin, should create a real sensation after its launch. However, the project is relatively new, and still has much to prove. Taking into account current achievements, Enjin Coin might have a bright future.

AION

AION logo

AION is a third generation blockchain digital token. The essence of such platforms is the creation of an ecosystem where various projects can interact. Roughly speaking, the goal of AION is to create an ecosystem for blockchain startups.

AION is focused on the following issues:

  • The formation of a new infrastructure ensuring the integration of existing blockchain platforms.

  • Using its own scripting language to enable users to create unique digital cryptocurrency projects.

  • The final stage will involve the completion of the cryptosystem optimization process and ensuring its full scalability to speed up the exchange of information between users.

In 2019, the implementation of the network infrastructure is planned to be completed, providing everything needed for fast, efficient inter-network communication and inter-chain applications. In addition, the focus will be on such aspects as:

  • Collaborative networking

  • Complete consensus validator assessment mechanism

  • Launch of the second version of Aion Virtual Machine

The prospects for AION in 2019 will directly depend on the continued relevance of the idea of ​​combining existing blockchains into a single platform. For this reason, AION has every chance of success.

💼 Related Article
Bitcoin Profit Review: Too Good to Be True
🔥 Hot
4 months
256
Bitcoin Profit Review: Too Good to Be True

How to choose the most promising cryptocurrency?

The answer is simple: they are always in the spotlight. They are discussed in the media, attracting the attention of large investors, companies, and corporations. Today, the product behind the name of a cryptocurrency project matters a lot. If there is a development, then it is fair to expect an increase in the price of this coin.

Join our Telegram channel to get news even faster!
2552 views
👓 Recommended articles
something-wide
something-wide
Alex Morris

Zcash Price Prediction — How Much Will ZEC Cost in 2019-20-25?

💣💥In this article, U.Today takes a closer look at one of the best-known privacy coins on the cryptocurrency market that was once embraced by no other but Edward Snowden
Zcash Price Prediction — How Much Will ZEC Cost in 2019-20-25?
You may also like:
Contents

Zcash is a privacy-centered cryptocurrency that allows performing anonymous transactions while using a public Blockchain. The coin uses zero-knowledge cryptography, where something can be verified without revealing any additional details. The project’s roots lie in Zerocoin, the project that was developed by cryptographer Matthew Green, but the two projects currently have very little in common (as stated by Green himself).

Alt: Zcash founder Zooko Wilcox
As reported earlier by U.Today, Zcash Company has been recently renamed to Electric Coin Company, but the 30-strong team will continue to work on the project.

Private transactions

The privacy-centric cryptocurrency Zcash has one famous fan – whistleblower Edward Snowden. In 2017, he called ZEC ‘the best alternative to Bitcoin’. The Zcash network has two types of addresses: transparent and shielded (t- and z-addresses respectively). The latter type of addresses is not visible on Blockchain. However, there the network also has some pain points that should be taken into account:

  • Z-transactions require a lot of computational power, which takes a toll on their adoption.

  • Centralization concerns (Zcash is not fully decentralized since the team behind the coin holds 10 percent of its total supply).

  • Limited storage options (there are no mobile wallets that support Zcash).

Facing major competitors

Zcash remains the second biggest privacy coin after Monero, but this niche of the cryptocurrency industry is getting more and more crowded. As reported by U.Today, Litecoin is mulling over adding Confidential Transactions (CFs) as early as in 2019, which would make the coin an anonymous version of Bitcoin. Moreover, Beam and Grin, two brand-new anonymous cryptocurrencies that are based on the ‘tongue-tying’ Mimblewimble algorithm, also appeared on the market in 2019.
Alt: Beam and Grin - new privacy-centered coins
However, Electric Coin Company CEO Zooko Wilcox believes that these new coins will not be able to compete with Zcash.

💼 Related Article
Grin and Beam Both Greatly Outperforming Monero and Zcash
🔥 Hot
1 month 1 week
256
Grin and Beam Both Greatly Outperforming Monero and Zcash

Regulators fear it

2018 was the year of a regulatory crackdown on cryptocurrencies since governments around the globe want to prevent money laundering and other types of illicit activities.

Zcash has already been embraced by numerous cryptocurrency exchanges, including Coinbase, but the problem is that its complete anonymity opens the doors to scammers and even terrorists. The network allows disabling the privacy feature, so the asset will continue gaining listings on other exchanges.

On the flip side, it is worth noting that privacy coins are serving as powerful tools that protect their users from identity theft and other types of crimes.

Zcash price history  

The price of ZEC has declined 98.82 percent since its very first exchange listing when the coin started trading at $4,293.
Alt: Zcash price peak

Back in January, Zcash reached its new peak of $876, but it fell quickly when the broader cryptocurrency market took a hammering.       
On Dec. 06, ZEC finally got listed on Coinbase, the biggest cryptocurrency exchange in the US. At the time of writing this article, Zcash is trading at $50.82.

Considering the technology behind Zcash (zk-SNARKs), some might find it surprising that the coin is still not in the top 10. However, the coin has very little real-world adoption compared to its competitors.  

Price pump after halving

Notably, Zcash has the same supply curve as Bitcoin, which means that the asset is becoming more and more scarce. The Zcash community currently has two high-stake halvings that will produce a direct impact on the coin’s price. When all 17 mln ZEC coins are mined, it is quite reasonable to assume that the coin’s price could skyrocket up to $4,000.

Zcash is currently working on reducing the coin’s inflation rate (it stands at 0.1 percent, which is quite high compared to other cryptocurrencies). The introduction of the so-called ‘harmony mining’ will help reduce the mining reward.

In 2020, the Zcash halving will take place – it is expected to reduce the mining rewards by half. That will undoubtedly produce a positive effect on the Zcash price.  

💼 Related Article
What is Bitcoin Halving and When Next Bitcoin Halving Occurs
🔥 Hot
9 months 3 weeks
256
What is Bitcoin Halving and When Next Bitcoin Halving Occurs

$60,000 by 2025?

Back in 2018, Grayscale Investments predicted that Zcash could hit a staggering $60,000 by 2025 if it replaced ‘offshore’ bank transfers. Everyone, not just a handful of billionaires, will have access to their own proverbial ‘Swiss bank account’. The price of this asset could increase exponentially if it occupies even a small chunk of this market. For instance, ZEC would cost $6,289 if it represented only one percent of the collective ‘offshore wealth’.

However, the above-mentioned $60,000 figure is far-fetched since one should take into account the harsh competition among privacy coins. Monero (XMR) has already become the dark web’s darling, and its market cap is three times bigger than that of Zcash.

Market sentiment

Of course, one should keep in mind that no one can predict for sure what happens to the cryptocurrency market in the next five years. The price of ZEC price greatly depends on the overall market sentiment, which means that it will probably mimic Bitcoin. If Bitcoin goes down, all altcoins go down as well. However, that wasn’t the case in the mining department – Zcash mining was 400 percent more profitable in June 2018.

💼 Related Article
Top Cryptocurrencies by Mining Revenue in 2019: Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), Litecoin (LTC), and Bitcoin Cash (BCH)
🔥 Hot
2 weeks 4 days
256
Top Cryptocurrencies by Mining Revenue in 2019: Bitcoin (BTC), Ethereum (ETH), Zcash (ZEC), Litecoin (LTC), and Bitcoin Cash (BCH)

The bottom line

Zcash poses a viable alternative to Bitcoin. This is one of the most prominent privacy coins that allows performing anonymous transactions. While the future of the cryptocurrency looks promising, there are multiple factors that could thwart its growth:

  • Lack of adoption (it won’t be able to compete with other privacy coins if the pace of adoption remains too slow).

  • Bad reputation (Zcash has already been mentioned by Europol as one of the cryptocurrencies that is used by cybercriminals).

  • Regulations (as mentioned above, regulatory clampdown seems imminent if Zcash adoption continues to grow).

  • The overall decline of the crypto market (Zcash won’t be able to survive if Bitcoin and major altcoins hit a snag).   

According to BuySellHodl, which displays real-time price predictions, Zcash is one of the lowest-rated cryptocurrencies with a 46 percent ‘Buy’ rating (Bitcoin SV was the only cryptocurrency lower on the list with only 29 percent of responders willing to buy it). With that being said, Zcash investors also have every reason to believe that the coin’s price will grow substantially after the upcoming halving.

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.
165 views
👓 Recommended articles
something-wide
something-wide