2018 will be recognized as a year full of ups and downs for all cryptocurrencies. During which one of the largest cryptocurrencies, Bitcoin along with other cryptocurrencies experienced a bear trend while more than 90% of them lost their values. On the other hand, most of the newly created tokens released by Initial Coin Offerings (ICOs) disappeared from the market as well.
Even though the crypto market experienced a massive downturn in 2018, many experts predict that 2019 will be the year when these digital assets flourish. There is still a huge opportunity to invest in the digital assets typically known as cryptocurrencies as the era of revolution and modernization of digital assets has just begun.
This article features the potential cryptocurrencies that you should consider while investing in 2019.
Bitcoin started the cryptocurrency era and it has been ruling the industry since then. Similarly, it has the first mover advantage as well.
Bitcoin was initially coined by Satoshi Nakamoto. It is believed that Satoshi initially invented Bitcoin to address the insidious and inflationary threat created by the central banks and government laws.
Bitcoin is also regarded as the king of the cryptocurrencies. It tops the list when it comes to investments for the future. It has been solving the real-world problems since its invention. It has been proving to be an alternative to the traditional currency and even reducing the dependency on the banking system.
Even though it has been linked with illegal transactions and thefts from exchanges its application can be far beyond. Bitcoin has gained worldwide attention from investors to bankers. Almost every currency supports the Bitcoin exchange. It can be exchanged for other currencies, product, and service.
The price has gone from $76 to as high as $20,000 in December 2017. Although it is blamed for its highly fluctuating prices if we look at the overall price increase, it has racked up a return in excess of 50,000%. Currently, Bitcoin owns a 40% share in total cryptocurrency market cap.
Even though you might have missed the first major opportunity to invest, investing in Bitcoin is still a good idea as it is still dominating the crypto market.
Ethereum came into existence since 2014 with an announcement from its founder, Vitalik Buterin.
Ethereum is sometimes known as the second generation of the blockchain after the Bitcoin of course. It is actually an improvement of Bitcoin’s project with added complex security, transactions, and smart contracts.
Ethereum is not just a digital currency, it is, in fact, an advanced blockchain project. It can also be considered as the most valuable project operated on Blockchain technology. It is valuable not only because of Ether but with the numerous Initial Coin Offerings and decentralized applications that were made on the network.
Ethereum intends to be a hub for the creation of all the decentralized applications and smart contracts. The environment created by Ethereum is a major accomplishment for the developers, fintech companies and applications. Ethereum based solution has made it quite easier for developers to build and run their own blockchain and cryptocurrencies network.
Ethereum Smart contract aims to benefit the banking and finance sector. It could be applied to sensitive areas ranging from digital authentication, government, voting, mortgages, national bonds, payments and settlements, and insurance claims etc.
Apart from this, Ethereum also provides a decentralized Virtual Machine for executing scripts using an international network of the public nodes through Ethereum Virtual Machine (EVM),
Apart from these, it could be used in the prediction market to predict the future accurately. Smart contract basically reduces the dependency of the middlemen and escrow services
Ethereum provides a platform for Enterprise to improve its business network accountability and operational efficiency and reduce the cost of trust and coordination with the external parties
Ethereum overall is one of the digital assets you should definitely consider while investing in the future. With its visionary co-founder Vitalik Buterin, Ethereum will definitely improve their technology, and launch new protocols.
Ripple is known as XRP, was one of the best performing cryptocurrencies in 2017 and 2018. It aims money to move as easily as data does.
Ripple is not just a digital currency, it is a payment system. Ripple uses blockchain technology to make secure and fast international payments. While international bank payment requires around 2-10 days for the processing of the transaction, Ripple does that within a matter of a few seconds.
Although XRP has a very low trading price compared to Bitcoin, it still holds the title of the third cryptocurrency by market cap. Similarly, many traders, experts believe that XRP is the next best token having a full guarantee in security, and trading after Bitcoin.
The main goal of Ripple is to modernize global payments. Different banks are joining the Ripple net for real-time cross-border payments with end-to-end tracking process. Ripple has expanded across 27 countries recently.
Ripple is one of the top choices of many large financial institutions like American Express, JP Morgan and Santander, that are implementing ripple technology within their organization. In recent times, it has also been working with the Saudi Arabia Central Bank, China’s LianLian International, and other banks across the globe.
Ripple is mainly focused on investments in identity management, trade finance, gaming and virtual goods, provenance, real estate, insurance, digital media, and many other industries.
Ripple is exploring various ways to simplify the payments both online and offline. Some of the current use cases are payment tracking, capital efficiency, and rich data transfers.
The way ripple is expanding its wings, its future in the financial industry seems to be more secure. Currently it has expanded over two dozen nations and still has a long way to go. That's where you can think as a part of investment for the future.
Stellar is an open source decentralized protocol that allows transactions of digital currency to fiat currency. It was initiated by Jed McCaleb, founder of Mt. Gox and co-founder of Ripple.
Stellar is the network of decentralized servers scattered across the world which records every single transaction on the stellar network. When one of the servers fails to operate, next network continues to work as usual.
Stellar is the name of the platform while the name of its token is Lumens (XLM). it was built to connect with people, payment systems and banks.
Stellar support direct or indirect multi-currency transactions. It is mainly used for cash transfer worldwide. It works with banks and other financial institutions.
Its application is often mistaken with ripple, however, they share different codes and different goals. Ripple is concerned about providing banking services to an institution, whereas Stellar provides blockchain based banking services to the individuals. Stellar is recently being used to receive and send money anywhere in the world even if the candidates don't have any bank account.
Stellar is a new catch for all the newcomers and investors in the cryptocurrency market and the project is able to mark itself as a significant milestone since the beginning of 2018.
Today, Stellar project marks 1 million for active accounts which is a long-awaited milestone for most of the companies. Stellar’s action and fundamental value in 2018 have placed the coin at an attractive position among the crypto community.
Stellar is working with tech giant IBM, to study the feasibility for creating harmony within the finance and transactions space. They are working on a project in isolated islands of the South Pacific. Apart from this Stellar is also an ICO platform which is continuously working on for new projects to launch their own digital offerings.
Recently, Stellar surpassed EOS to Become the Fifth Largest Cryptocurrency by Market Cap.
It was also one of the top five crypto assets according to Coinbase.
Out of so many crypto platforms, XLM is among a few assets to have shown tremendous positive movement. It is also backed by a strong community presence which will be more helpful for it to stay afloat in recent times. That’s why it is believed as a good investment.
Tron foundation was established in July 2017 by Justin Sun, well-known developer of Chinese Snapchat equivalent Peiwo and was Chief Representative and Advisor at Ripple Labs.
Tron network has established as the most user-friendly platforms. The mission of TRON foundation is to decentralize the web. This decentralized web is also often referred to as Web 3.0. This network has attracted a lot of developers, which has greatly influenced the network’s native token TRX. TRX is the native token of the TRON network which could be used to access the content available in the TRON platform.
Tron is a content sharing platform, which runs with blockchain and peer-to-peer (P2P) technology. It allows full ownership and rights of their content, whereby owner can decide how and at what price to distribute their content.
By using the Tron model, the user can share the content with not only other people but also the content creator the user is compensated for the data and content created. This model is a direct opposition to how traditional social media companies such as Facebook, monetize user data.
Tron plans to empower artists and content creators all over the world to have ownership over the content they create. It is looking forward to developing its own blockchain and file storage protocol in the future.
It also launched its main net in June 2018 and now it is the biggest decentralized network in the market after Ethereum.
It is currently being built in a way that allows the use of any high-level language for building a smart contract. This enables the developers in the future to use programing language of their choice.
Justin Sun has been creating a lot of buzz around the crypto community. He has gathered prominent inventors and allies with those who want to win. Justin Sun has been actively involved in partnerships with big companies such as oBike, Bitmain, Zag- S&W.
Similarly, Tron acquired BitTorrent, which already runs with the concept of decentralization, although not by blockchain technology. It has been working togetherly on “Project Atlas”. It even surpassed Bitcoin, Ethereum, Ripple and Bitcoin cash, top networks of this time in terms of a number of daily transactions.
Tron has been creating a lot of buzz in the media and gaining attention all across the crypto community. Tron is an excellent investment for those willing to get in early and invest in the future. The network has been experiencing exponential growth and the number of developers and development of dApps within this network has skyrocketed surpassing other major networks.
Litecoin was started in 2011 by former Google engineer Charlie Lee. It is often termed as silver to the Bitcoin’s gold.
Though it has been around for only a few years, Litecoin still has managed to pull through the tides and has proven its worth. Litecoin saw a tremendous jump in its value between November and December 2017 and made it as one of the top cryptocurrencies in the world.
It is considered as one of the most reliable cryptocurrencies in terms of trading volume and price stability. In fact, it was the first cryptocurrency to perform a Lightning Network transaction, that occurred in May 2017.
Litecoin has shown a great performance in the previous years and experienced a growth of 8000%. The price of Litecoin grew from around $4 at the beginning of 2017 to $358 at the end of December in 2017, although the trend dropped in 2018.
It is recently used as an alternative to the Bitcoin at almost every place. In fact, it has much faster transaction process than BTC.
It was introduced to overcome the limitations of Bitcoin. It resembles Bitcoin, which flows independently without any centralized authority, building, or headquarters.
Litecoin’s value depends entirely on the market and people as it has no regulatory bodies. It has a limited supply like bitcoin so grab the opportunity and think about investment.
Binance was coined by Changpeng Zhao.
BNB is an ERC-20 token on the Ethereum blockchain and is the ERC-20 token with the highest market capitalization. It belongs to one of the top cryptocurrency exchanges Binance.
Since the inception of Binance exchange, it quickly grew to become one of the most popular exchanges in the world. This has also resulted in an increase in the value of BNB.
Originally BNB was created for providing trading fee discounts for the customers of Binance exchange. This is still one of the popular use cases of BNB. Binance enables 50% discount to the user for paying the transaction fee. It could be used for purchasing goods and services.
Another major use case of Binance is the dust conversion features. During the trade of different cryptocurrencies, they accumulate a “dust” which is a remaining cryptocurrency much smaller in value, these dusts are very difficult to trade as they are comparatively smaller than the applicable fee. Binance offers an option to convert all the different cryptocurrency “dust” to BNB and receive the sum of cryptocurrency that could be usable.
It is actively backed up by the community. Binance exchange has been serving for the betterment of the people in the best way possible.
XcelToken was founded by Gyanendra Khadka.
XcelToken is a native token for platforms such as XcelTrip, XcelPay, Xcel world Academy, CoinGeo and the list is increasing. It has its own blockchain based hotel booking engine.
XcelTrip is a fully functional blockchain based, next generation Travel Platform which is built with the motive of disrupting the trillion-dollar travel industry. It enables crypto-payment solutions to book various holidays across the world using Bitcoin, Binance Coin, and XcelToken. The platform was initiated 3 years ago.
XcelToken is a digital general-purpose utility token created on Ethereum Blockchain using ERC-20 Ethereum protocol. It is a general purpose utility token that is meant for transactions on XcelTrip's DTE where the functionality and vast use-cases drive its value.
The main motive of XcelToken is to democratize the crypto usage around the world with the real-life use-cases that could make a difference in people’s life. It is developed to engage, foster larger crypto community within the hospitality, payment, retail, social networking, and gaming industries.
XcelToken was initiated by building a real-life use cases rather than going through ICO route like a majority of the other crypto tokens.
It has great potential for travelers as it targets the removal of unwanted agents and intermediaries in hotels and airlines that exist to perform duties that are not necessarily essential for travelers.
XcelToken can be used to pay for airline tickets, hotel rooms, restaurants, spas, and other services on XcelTrip and also for participating as travel and hospitality service providers. Currently, Xceltoken could be used to book over 800,000 Hotels & Flight Tickets at 150+ Airlines around the world.
It has been receiving tremendous attention from different media. Xceltoken is available on Open ledger, Live coin, and Xchange wallet. It recently partnered with W3 coins on September 2018.
XcelToken aims to create a community where vendor and user can easily interact and transact in fairly shared economy.
XcelToken defines itself as a personalized Banks with a great investment opportunity.
XcelToken is proving itself as a solid footprint in the global travel industry. The real use application of Xcel makes it a valuable investment for the future.
Dash was created by its developer Evan Duffield, three years ago. It was originally released as XCoin (XCO) which changed its name twice before being rebranded as “Dash.
Dash stands for Digital Cash. It is an independent next big altcoin platform which advocates itself as a peer-to-peer decentralized electronic cash. It has its own blockchain platform, wallet infrastructure, and community. It intends to be the digital money for the internet.
It is like Bitcoin, which can be used to send and receive payments. The speed and privacy improvement is a major advantage over Bitcoin. It was initially forked from Litecoin.
The faster transaction speed of Dash has gained a lot of popularity. It operates in the self-governing and self-funding model. In bitcoin, when a block is mined, 100% rewards go to miners whereas with Dash, only 10% of the mining awards goes back to Dash.
Dash has many features which provide an edge over the other cryptocurrencies. It has been continuously focusing on payments and adoption and it has continued to increase from real-world usage. You can certainly expect it to improve its technology and growth of the user base. This factor is really important for the future of Dash which makes it a great investment opportunity for 2019.
ICON has been in development for two years. It was founded by Dayli Financial Group, a Korean Fintech company.
ICON runs with the motive of “hyper connecting the world” by “building one of the largest decentralized networks in the world.”
ICON was initially created as a system, whereby information could be easily exchanged between government, banks, financial firms, healthcare providers, educational institutions, and private companies without any intermediary that charges transaction fees or even delays the entire process.
It is in fact a platform dedicated to players from financial, security, insurance, healthcare, educational, and commerce industries, which could co-exist and transact on the single network.
It connects multiple blockchains via a smart contract and maintains the individuality of each property. It targets to connect an entire country through a massive-scale blockchain network. This network is already gaining its momentum.
The ICX tokens are embedded in Nexus. The interconnected blockchain could be used to transfer the values. ICX could be used for real-time payments and also is a protocol for connecting the blockchain world.
Currently, ICON offers its own official wallets and other cryptocurrencies as well. The wallet offers “faster transactions, secure payments, and exchange across multiple cryptocurrencies”.
It has its own governing system known as C-Nodes, which is responsible for governing and maintaining their respective community’s blockchain.
ICON has partnered with a number of companies including cryptocurrency focused venture capitalists, global accelerators to crypto-focused law firms and blockchain media platforms. The partnered companies include Pantera, Kenetic Capital, Coinsilium, Hashed, Crypto Bazar.
ICON’s value has almost increased consistently throughout 2017. Since it aims at providing smart contract solutions, its primary challenger is Ethereum.
The goal of ICON would definitely help the token to skyrocket the value and this might be a very good investment for the future.
If you believe cryptocurrency is the future, you should definitely invest in any one of them. If you don't, then you should stay away from it. Infact, it's the same with any investment.