When it comes to cryptocurrency, almost all people know about Bitcoin. However, one can also make good profit investing in altcoins
How to choose a cryptocurrency that will be profitable in the future? This is a difficult question and must be approached with the utmost seriousness. Besides Bitcoin, there are dozens of other promising coins, and sometimes when the rate of the main cryptocurrency falls, the prices of altcoins increase. To predict what digital asset will grow in 2019, you need to understand the structure of the market.
First of all, you should study all the offers on the market and choose the most top-rated currencies. We conducted an analysis and identified 10 altcoins that, in our opinion, are the most profitable for investment today. So let's consider the most promising digital assets on the market.
The EOS platform is one of Ethereum's competitors, which promises to solve the scaling problem by providing a more reliable set of tools for building and running applications. The capitalization of the token makes up about 3 billion US dollars, and it ranks fourth on the list of top cryptocurrencies.
Reasons for investing in EOS:
The platform has moved from the Ethereum blockchain to its own.
On May 6, 2018, a new version of the software for the EOS blockchain called Dawn 4.0 was released.
Reputation of the team. All three developers - Dan Larimer, Brendan Blümer and Brock Pierce - have launched successful platforms and businesses in the past. Dan, a technical director, created the Bitshares and Steemit coins, which entered the top 50 coins by market capitalization. In addition, he worked on the technology of Graphene blockchains. Brendan and Brock also have impressive experience in creating successful startups.
Taken together, the positive news is pushing the cost of the token up, despite the decline of Bitcoin and other digital assets.
It is impossible to make a rating of promising cryptocurrencies in 2019 without Ethereum, which is a part of the platform for developing decentralized applications.
The first thing to note is that the forecasts for 2017 turned out to be even more pessimistic. Many assumed that by the end of the year the rate of ETH would be about $1,000. However, the cost of 1 coin was higher by almost $300. Moreover, there were suggestions that the price of $1K would be reached only by 2019. No one excludes the possibility that the rate will grow and then fall to these values, although a number of analysts suggest a further increase in the cost of Ethereum. At the same time, many people do not forget to remind that any cryptocurrency is characterized by strong fluctuations in exchange rate, therefore regular kickbacks in cost are quite likely.
It is only important to choose the right moment to understand whether it is worth continuing to hold money in this currency or whether it is time to sell it. Many expect the cost of one coin in the range of 5,000-7,000 dollars. Currently, Ethereum is the second cryptocurrency after Bitcoin by capitalization.
What is the future of Ethereum:
On April 30, 2018, Buterin announced the introduction of Sharding into the blockchain of the main network and a partial transition to the PoS confirmation algorithm.
Developers are constantly testing new features and implement successful ones. For example, a Metropolis update was released, which improved throughput, and soon Constantinople will be implemented.
Despite the fact that now ICOs are not as popular a trend as they were in 2017, around 90% of blockchain startups conduct token sales on the Ethereum platform.
Cardano is an Ethereum rival and is designed to operate with smart contracts. It is a promising cryptocurrency aimed at the democratization of finance and the formation of a decentralized economy.
One of the creators of Cardano is Charles Hoskinson, who participated in the development of Ethereum. Cardano’s platform code is one of the most secure. The project also works very closely with government regulatory authorities, in particular to fight against money laundering. The high level of confidence in the developers made it possible for this project to raise a whopping $500 million in investment for its ICO. Cardano is currently 11th in the cryptocurrency rating on capitalization.
Factors affecting Cardano's prospects:
New exchange listings. Binance expanded the number of trading pairs by adding ADA/BNB and ADA/USDT. Also, Huobi added the coin to its listings. This has already had a positive effect on the cost of the token.
Compatibility with other platforms for working with smart-contracts.
Experts note the similar features of the cryptocurrency with Bitcoin and Ethereum, so the success and development of Cardano depends on the scale of its adoption throughout the world.
In 2018, the company produced and delivered ATMs throughout Japan, which made Cardano more popular in Japan and Asia.
Many people have already paid attention to Ripple, which is connected not so much with the advantages of the coin, as with its features. The bottom line is that the currency is not even an altcoin since it was not created on blockchain technology, but as a completely independent monetary system.
The project cannot boast a stable rate, but it has a large number of partners who have successfully implemented its technology. Today, such giants as the National Park of Abu Dhabi, UBS, and Santander cooperate with this cryptocurrency.
Last year, XPR showed stunning dynamics, its rate has increased almost 600 times. The coin has great prospects of becoming a mediator that connects the cryptocurrency industry and the banking sector. In this case, the rate of the token token can reach new highs.
Also, it is worth noting that the Ripple project is being developed under the strict guidance of world banks. This means that it is in the largest regulatory field, compared with other cryptocurrencies. Therefore, its growth can be faster than the growth of other coins.
It is a token of the Binance cryptocurrency exchange, which has the same name. It gives the opportunity to receive discounts on commissions in the amount of 50%, but every year this number will decrease.
The popularity of the currency is ensured by the demand for the exchange, which now occupies the first place in the daily trading volume of Ethereum, 4th place — Bitcoin, 3rd place — Bitcoin Cash, 2nd place — Litecoin, 1st place — Neo. As the exchange grows and develops, its token also increases in value. In addition, the site’s management buys back a portion of the coin in order to increase the value of the remaining ones. This is another feature that will positively affect the value of the asset.
In general, the coin is very strongly tied to the exchange. However, the value of it has increased by more than 100 times in 2018, and in the future, an even greater increase in the price of the asset is expected.
BNB cryptocurrency is available for trading on the following popular exchanges: Binance, LBank, Exrates, Gate.io, HitBTC, and Bancor Network.
This is a Bitcoin fork, an improved counterpart. It has very low commissions and scalability. Its functionality is identical to that of Bitcoin, although there are a number of improvements. For example, the SegWit update to increase block size was integrated into Litecoin before Bitcoin. Litecoin creator Charlie Lee recently proposed the best method for calculating the cost of a transaction commission. According to him, the correct assessment of the commission will solve the problem of some BTC wallets when the network is overloaded. Lee wants this solution to appear first in Litecoin and then implemented in Bitcoin. Litecoin is trying to separate itself from associations with BTC with a new logo and vision for the future. But it is obvious that it will continue to maintain close ties with the Bitcoin network.
Litecoin is a good choice for long-term investment for the following reasons:
The number of payment terminals accepting Litecoin for payment is growing. In Argentina, there will be more than 4,000.
Cryptocurrency has been added to new exchanges. In 2018, it has been already included in the listing of large platforms: Korbit, Gemini, ZebPay and others.
On July 2, 2017, BTC China (one of the largest mining pools) added the possibility of Litecoin mining.
Cooperation with financial organizations. An agreement has been signed with the Aliant processing center.
Very low fees. For example, a $0.4 commission was paid for a transaction of LTC 700,000 thousand ($100 million). A transaction was confirmed in 2.5 minutes. An ordinary bank transfer takes a few days and costs much more.
The basis of the TRON project is the implementation of a fully decentralized Internet. In this network, any user can share any content and perform completely secure transactions without being tied to a specific site. The result is the merging of various ideas from popular blockchains on the TRON network.
Using this platform, users can publish and, in the future, store program and information data, distribute them online, as well as promote their content through the release and distribution of digital assets.
At its core, the Tron platform resembles Google Play and the App Store. However, it has a number of advantages that are associated with the use of blockchain technology and the cryptocurrency market as a whole. TRX, the project’s cryptocurrency, is in the top 10 popular cryptocurrencies, with a capitalization of 1.6 billion US dollars.
Reasons why Tron is a promising coin:
The platform has already switched to its own blockchain. TRX has become a coin and will no longer be considered an ERC20 token.
Project founder Justin Sun said that he would use all his connections to conclude a contract with Alibaba, where he had previously worked.
Justin Sun announced cooperation with Malta.
The main investors of the cryptocurrency are Chinese users, confirming the coin’s prospects since China is one of the largest entertainment centers.
Tron collaborates with large IT and blockchain companies such as Bitmain, ICO-365, Bixin, Gravityless, and OpenLedger, which adds weight to the project within the crypto community.
Additionally, in 2019, the Tron Foundation will have its own accelerator: Tron Accelerator, an incubator program for financing the creation of a dApp, which will inevitably have a positive impact on TRX.
The Tron Foundation has many plans for 2019. In addition to events, the company intends to open access to smart-contracts for ICOs, which will also allow the same platform to be used for crowdfunding. Thus, it is hoped that the year 2019 will be completely “bullish” for Tron (TRX).
This platform (and cryptocurrency) is a development for a very fast-growing segment of the Internet of Things. We, in particular, are talking about everyday life devices (refrigerators, vacuum cleaners, stoves, toothbrushes, kettles, components of a smart home, various sensors, etc.), which are increasingly able to go online to complement and simplify our lives.
The goal of the IOTA project is a unified infrastructure for Internet things, with the possibility of fast transactions without fees and data exchange with a high degree of protection.
Growth factors in 2019:
The community is increasingly interested not in speculation, but in real working technologies.
The Internet of Things is only at the beginning of its journey, but it is evolving with increasing speed.
The reputation of the project is more than positive.
The team has many plans to expand the functionality of the platform.
The IOTA blockchain solves immediate scalability and transaction speed issues.
The team does its best to promote the product. One of the most relevant events with their participation was at the second annual blockchain week (the largest event in Asia) in January 2019.
Based on the above, we can assume that 2019 should be a turning point for the cryptocurrency and for the entire project. Among many projects that offer ideas for the Internet of things, IOTA has the most thorough technical and organizational base. Accordingly, the popularity of the token will grow. Achieving a price of $1 per coin is the goal of the first half of 2019. Further growth is possible, but not on such a scale.
If you focus on the entire market, then in 2019 the coin should return to the top 10 cryptocurrencies by market capitalization.
NEO was launched in 2014, and in 2017 it experienced a complete rebranding. The crypto community calls the platform NEO “Chinese Ethereum.” Such a comparison is acceptable because these projects have the same functionality — they are designed to develop decentralized applications. An important difference between NEO and Ethereum is their target users. It is worth mentioning that NEO is designed for Chinese developers of decentralized applications. The capitalization of the coin is about $600 million, and it ranks 17 on the list of the most popular cryptocurrencies.
NEO is a promising cryptocurrency for investment for the following reasons:
A number of major exchanges have already listed this coin: Binance, LiveCoin, HitBtc, Bittrex, and Cryptopia.
Microsoft and Alibaba are on the list of partners.
Fast speed of operations, which provides the lowest cost of commission and gives the opportunity for micro-transactions using smart contracts.
In 2018, the cost of the cryptocurrency reached its maximum — $180, after which it began to decline. The success of this project will directly depend on two factors: the loyalty of the Chinese government and the general recovery of the market.
According to our observations, the potential for growth of NEO is large because after reaching a maximum, the value of the coin decreased 25 times. Most likely, in 2019, we will be able to see the coin approaching the new peaks.
Stellar is a decentralized platform for fast and cheap transactions. It is the fork of Ripple with the removed flaws. The main pros of Stellar can be considered the scalability and openness of its source code. The indicative point of this cryptocurrency system is that it is able to cope with thousands of transactions carried out within one second without problems. In this case, the confirmation of a transaction takes no more than 5 seconds, which is an unattainable result for modern cryptocurrencies. Similar characteristics of Stellar allow it to compete on equal terms with money transfer bank services.
Also, one of the most important advantages of the coin is the presence of support for SCP technology, which allows network participants to engage in the exchange of cryptocurrency, fiat money, and tokens and other assets without any restrictions. Thus, this technology compares favorably to the more common PoW software protocol.
At the same time, it is impossible not to mention the support of the possibility of using smart contracts, as well as multi-signatures. This makes it possible to significantly expand the functional component of this coin.
It is likely that these positive features of Stellar will allow it to quickly gain a dedicated user audience that appreciates constant technical innovations that can improve the work inside the crypto network.
The capitalization of XLM is 1.7 billion US dollars, and it ranks 8 in the overall ranking.
Why Stellar is a promising cryptocurrency:
Solving the issue with scaling. Lightning has already been tested on the blockchain.
Growth in the number of projects conducting ICOs on the Stellar platform.
Expansion of the list of exchanges where the coin is traded.
Collaboration with IBM.
Focus on excellence in every detail.
Stellar is a promising coin for cooperation with financial institutions. This is an important point to determine the path of movement of cryptocurrency: the more banks start working with it, the more it will grow in value.
Choosing the altcoin to invest in
There are a large number of different cryptocurrency projects on the market, but not all of them have a future. Bitcoin remains the most popular one. This is partly due to the fact that it was the very first cryptocurrency. But gradually, users are seeing the many benefits of altcoins, and that is why they are growing in value.
In order to feel more comfortable in this not very predictable market, it is best to diversify your risks and purchase 10-20 different coins. Such an approach will help protect your investment from large losses.