Top 4 Coins to Watch Out For in 2019.
2018 has been a total disaster for the entire crypto market. With some coins losing about 80% of their value and even more. The 2017 crypto Bull-run left a lot of FOMO in the crypto realm and so many people got involved and invested heavily in crypto. The continuous decline in price left a lot of unanswered questions in the table, making so many people believe that bitcoin is nothing but only a bubble. However the continuous bullish trend has been advantageous to the crypto sphere in some ways because weak hands were shaken off thereby giving room to the real believers of Blockchain tech to dominate.
If you’ve taken ample time to study the crypto market, you will discover that every bearish crypto year is often accompanied by a very strong Bull run, not only owing to this, the launch of security tokens STOS and BAKKT are scheduled to launch in 2019 this will undoubtedly be a game changer to the entire crypto market.
Here are some of my picks to give huge returns to investors in 2019.
1. CARDANO (ADA): Cardano has been undervalued for quite some time now. Cardano has gradually meet the milestone and spontaneously delivering everything stated on its road map. Cardano offers one of the strongest and most secure protocol in the blockchain network. Apart from price, the key features developers look at before launching their DAPP and smart contracts on a network, are security and scalability. Cardano offers these features at a glance. Apart from this key features, cardano will completely change the Delegated proof of stake (DPOS) consensus by launching project “SHELLEY” with this project, users will be able to stake their token and validate blocks on the network and get rewarded with its native token ADA. A lot of blockchain protocols out there uses DPOS consensus but most of the reward are skewed to the whales. So Cardano’s project SHELLEY is aimed at making it possible for people at the bottom to earn good rewards from staking their tokens. People will be encouraged to stake their tokens and this will in turn reduce the volume of ADA in circulation. This project is scheduled to launch either Q1/Q2 of 2019. So watch out for this project
2. EOS: EOS is currently ranked #5 in the coinmarketcap with a market capitalization of $2,594,656,609 equivalent to 663,962BTC at the point of writing. EOS has a total supply of 1,006,245,120 EOS with a circulating volume of 906,245,118 EOS. Apart from the fact that Eos has a solid background team, it has recorded a vast number of DAPPS ever since the inception of its mainnet owing to the scalability and easy access to resources. Top of It all, REX (resources exchange) is scheduled to be launched in 2019. This will encourage more user to stake their token thereby declining the amount of Eos in circulation. And this according to newton’s third law of motion will increase the demand and leave the price no were but sky high.
3. TRON (TRX): TRON used to be a far cry from its road map. But the launch of its mainnet on May 31 completely changed everything. TRON is no longer WIP (work in progress) but a token with real utility having over 80 DAPPS running on its mainnet. TRON has shown good performance even in the bear market. JUSTIN SUN TRON founder tweeted that TRON will have over 80 DAPPS running on it’s mainnet before 2019 and He delivered. This goes a long way of showing some commitment in the team. Top of it all, TRON stated on its white paper that they will conduct a periodic coin burn to reduce the amount of token in circulation and they demonstrated this by burning 1,000,000,000 TRX when it migrated from an ERC20 token to its mainnet. TRX is definitely a great token to add to your portfolio in 2019.
4. RIPPLE (XRP): ripple has shown great performance even in the bear market. Ripple is currently ranked #2 in the coinmarketcap. And trading at $0.364 at the point of writing. Though there has been a lot of HYPE on ripple but just like the XRP founder Chris Larsen said “the price of a token solely depends on its utility” xrp is undoubtedly gaining mass adoption and been used by large banks for making cross border payments. Ripple is definitely a coin to watch out for in 2019.
Image source; google.com
Data source: coinmarketcap.com
DISCLAIMER: THIS IS NOT A FINANCIAL ADVICE TO MAKING ANY FORM OF TRADING OR INVESTMENT. THE IDEAS HERE ARE BASED ON MY PERSONAL OPINIONS SO ALWAYS DO YOUR RESEARCH BEFORE MAKING ANY INVESTMENT. THANKS FOR READING YOUR COMMENTS ARE HIGHLY APPRECIATED.