5 promising cryptocurrencies in 2019
Of course, Bitcoin (BTC) is the first name that comes to mind when we talk about cryptocurrency, since it’s the most mainstream and recognisable. However, the introduction of bitcoin eventually led to the expansion of the market, with the introduction of other cryptocurrencies inspired by it trying to compete.
This means that there are other options to consider in the cryptocurrency panorama. The market has more than 2000 coins and on-going projects being developed. Even if 2018 wasn’t all that good, the digital currency market shows no signs of slowing down, so here are 5 promising options you should keep your eyes on for this year. Don’t forget that diversifying your portfolio is one of the keys to success.
Ethereum
The Ethereum network went live on July 30th, 2015 with 72 million with Ethereum (ETH) premined. It’s regarded as one of the most promising cryptocurrencies and is already the second biggest cryptocurrency on the CoinMarketCap (CMC). In its essence, “Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.” In the Ethereum blockchain, miners work to earn Ether, a crypto token that fuels the network. Being more than a cryptocurrency, Ether is also used to pay for transaction fees and services on the Ethereum network.
Litecoin
Litecoin was one of the first cryptocurrencies to appear after Bitcoin and it was launched as an alternative for cheaper everyday use. It’s also one of the fastest as it uses a modified version of BTC’s code. Litecoin (LTC) is decentralised money, free from censorship and open to all. There is a lot of optimism surrounding this cryptocurrency as the price keeps rising and many developments are expected to be seen in 2019. Litecoin should be a coin to consider for a long-term investment based on its goal to become a global peer-to-peer currency.
Binance
It doesn’t matter if you’re a seasoned cryptocurrency veteran or a beginner, the odds are that you have come across the name Binance. This coin (BNB) is a digital currency issued by the cryptocurrency exchange Binance and it lays its foundations on the Ethereum blockchain. It was launched in July of 2017, and its growth has been swift, since it is now the largest cryptocurrency exchange by trading volume. Binance coin very well be the most promising cryptocurrency to invest in 2019.
Waves
Even if you are not a great surfer, this is a wave you might be willing to catch. Waves finished 2018 strong while the market was on new yearly lows. Waves managed to see its price increase during the month of December and the potential is even higher for this year. This success may be attributed in part to the cheap and fast transactions it allows its users to perform, but also to some features like Smart Assets that are important to deploy business solutions that demand strict regulatory compliance. It also launched Tokenomica, a platform that makes it easy to issue Security Tokens (STOs), the new crypto trend.
Cardano
Launched by Charles Hoskinson, a co-founder of Ethereum, Cardano (ADA) is on the market since September of 2017 and it offers the benefits of Ethereum (such as a platform for dApps and Smart Contracts) and some more. Even as seen by some as a better alternative to Ethereum, Cardano also addresses issues related to the typically timely and expensive international payments and was able to take these processing times from days down to seconds. Indeed, an impressive achievement for this coin that reports say 95% is being used by Japanese people. Experts also say that Cardano will see a huge price surge this year without a downtrend. With the help of significant developments mentioned by Charles Hoskinson, analysts also expect it to surpass $0.35.