With the crypto market in such a bear trend, many are asking what coins will stand the test of time. The more common question is what are the top ten recommended crypto coins on the market? The market is presently under major growing pains and I’m confident it’s here to stay, but many cryptocurrencies will disappear. That’s a good thing and the value will be poured into the top projects.
Presently there are over 2,000 cryptocurrencies that are listed on the various exchanges and have managed to get various amounts of attention.
Junk Crypto Coins
Out of the 2,000 crypto coins, the majority of them will disappear within the next few years. The reason is that they either serve no actual purpose, development has stopped, the team is and partnerships are ineffective or they are an outright scam. Many of the latest altcoins are weak in terms of creativity and vision. Many are based on recycled technology and unworkable ideas.
Such crypto coins that fall in the “junk” categories are Bytecoin, Bitcoin Diamond, Ethereum classic, Metal music coin, Macron, Russia Coin, TrumpCoin, MetalMusicCoin, Bitcoin Diamond, Bitcoin Gold, Quatloo, Titcoin, Veritaseum, Hshare)
Promising Crypto Coins
Some crypto coins do actually have a purpose, a good team/partnerships, and a good market strategy, but they have no special uniqueness or no outstanding tech that sets them apart from the competition. In this category are crypto coins such as ARK, ARDR, BAT, DRGN, KMD, LISK, NEM, STRAT, XMR, and KIN.
The top 100 coins typically have a really good purpose, a great team, and an excellent market-strategy. These projects are unique in what they do and have strong partnerships (e.g. ADA, DBC, WTC, NEO CVC, XLM, PRL, QASH, REQ, RLX, FUN, ELIX, XPR, and XPLAY).
Top 10 Crypto Coins Worth Looking Into for 2019
The top ten crypto coins have a real-world purpose and already have real usage and revenue. They all have a world-class crypto team and already have strong partnerships with Fortune 50 companies.
Note: Ethereum is not on the list because I don’t see it as an altcoin. I think Ethereum will survive as a store of value along with Bitcoin!
Litecoin — LTC
Litecoin was launched in 2011 and was among the initial cryptocurrencies following bitcoin and took key features of Bitcoin and improved upon the technology. It was created by Charlie Lee, an MIT graduate, and former Google engineer. Litecoin is based on an open source global payment network that is not controlled by any central authority and uses “script” as a proof of work, which can be decoded with the help of CPUs of consumer grade. Although Litecoin is like bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation. Other than developers, there are a growing number of merchants who accept Litecoin. LTC is also one of the few listed on Coinbase.
Launched in June of 2017, EOS was created by cryptocurrency pioneer Dan Larimer. Before his work on EOS, Larimer founded the digital currency exchange Bitshares as well as the blockchain-based social media platform Steemit.
EOS is designed after ethereum, so it offers a platform on which developers can build decentralized applications. EOS addresses, however, some shortcomings of the Ethereum Network. For instance, to develop a dApp on Ethereum you need to use Solidity, a programming language for smart contracts. The need to know Solidity is a barrier to the use of the Ethereum Network. EOS overcomes this by providing services to developers, including database and account management services, which do not require programming knowledge.
EOS has other technological strong points as well. For instance, it is fast and more scalable than Ethereum. Where the Ethereum Network requires users to pay gas to use the network, EOS does not have gas fees as transactions are approved by a centralized group of 21 gatekeepers. EOS offers a delegated proof-of-stake mechanism which it hopes to be able to offer scalability beyond its competitors. EOS also has huge and enthusiastic community support, and for good reason. The coin is not mined. Rather, block producers are voted in by the community. Block producers generate blocks and are rewarded in EOS tokens based on their production rates. Finally, EOS recently completed a successful token sale and has the capital to develop its full potential.
NEO began life in 2014. Originally called AntShares, the coin was later rebranded by creator Da Hongfei. To date, it is the largest cryptocurrency which has emerged from China and is sometimes referred to a “Chinese Ethereum” because of its similar use of smart contracts.
NEO is a Digital Asset where traditional assets are converted into decentralized digital assets using smart contracts. NEO has a Digital Identity where it allows the creation of electronic identity information for individuals, businesses, and entities, to be accessible through multi-factor authentication systems involving voice-recognition, fingerprints, sms, and facial recognition. NEO will support the development of decentralized applications (DApps) like smart funds by continuously developing more mature tools and techniques.
One key to NEO’s success has been its support of programming in many existing languages, including Go, Java, C++, and others. Further, NEO has experienced benefits as a result of its positive relationship with the Chinese government, which is generally known for its harsh positions on cryptocurrencies.
Ripple — XRP
Ripple is the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum. It is a venture-backed startup that never held an ICO (which is the main reason why the SEC will never declare it a security). Ripple offers a global financial settlement service for banks that let them transact directly and instantly across national borders. Thus, Ripple is oriented to large institutions instead of individual users. Its goal is to give financial institutions an easy and reliable solution for cross-border payments. It has already partnered with large banks around the world and more financial institutions are moving to adopt the Ripple protocol. This institutional support and the fact it is safe from SEC regulation.
Stellar — XLM
Stellar’s goal is providing a fast, efficient, and inexpensive service to individuals for cross-border payments. Unlike XRP, Stellar is geared to individuals, not large institutions. Unlike online financial services that charge 5% or more fees per transaction, Stellar offers 5-second transaction speeds and extremely low fees (e.g. the Tempo remittances dApp running on the Stellar blockchain can process 600,000 transactions for 0.01 USD).
Stellar does not use proof of work verification, which means it doesn’t have to deal with the energy consumption issue plaguing Bitcoin (instead of PoW it uses the Stellar Consensus Protocol). Stellar has established several partnerships with large tech companies, including IBM.
Zcash — ZEC
The morality of darknet markets is not an interesting debate for me. However, the fact ZEC is secure and sought out by people who want their purchases to remain private adds value to the coin from an investment perspective. This value will only deepen as darknet markets continue to grow. The Zcash dev team also recently published technical improvements they claim will reduce the memory consumption of transaction privacy by 98%. The Coinbase blog also recently mentioned Zcash as having great potential.
OX — ZRX
In 2018, the cryptocurrency market has seen an explosion in the number of decentralized cryptocurrency exchanges. Decentralized exchanges are built with the 0x protocol, which is an open protocol allowing ERC20 tokens to be traded directly on the Ethereum blockchain. This alone makes OX a promising investment. It has also hit a majority of milestones in its roadmap and was built through several libraries to ease its way into the developer community. It was recently added to Coinbase.
Tron — TRX
TRON recently bought BitTorrent. This acquisition will mean big things if TRON can develop more secure and decentralized torrenting methods in the future. For instance, a major innovation would be to distribute file parts across a network and recombine them for user downloading, especially if this included first come first save placeholder-styled downloads.
Other points in TRON’s favor are that TRX is one of the few ERC20 tokens to make it to MainNet. The fact its chain is actually running is also something. TRON has over 300,000 accounts so far. Though still much less than the Ethereum Network, the growth is impressive.
Ethereum Classic — ETC
ETC could be poised to survive for one major reason: Ethereum is moving towards a proof of stake system. Some people will undoubtedly want to use ETC over the new protocol because they prefer proof of work consensus. Coinbase also recently added ETC, which is a good sign this coin isn’t going anywhere soon.
Monero — XMR
Monero is a privacy coin and the preferred coin in darknet markets (which is likely why Coinbase won’t be adding it any time soon). It has solid transaction schematics that involves ring signatures and stealth addresses created on an ad hoc basis to keep transactions private. Monero also runs on a proof of work verification standard similar to Bitcoin. PoW means there will always be a value behind XMR, even if only the cost of energy. Finally, Monero has a strong base of community support because it was founded on principles of privacy and decentralization. These values are central to the original cryptocurrency concept.
Disclaimer: This article is not intended as investment advice and is the opinion of the author. You should always do your own research.
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