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Top 10 Altcoins for 2019

Traders Magazine Online News, September 17, 2018

Mina Down

Twenty seventeen and 2018 were wild years in the crypto world. The number of ICOs exploded and with it the number of altcoins. As of this summer, there are over 2000 cryptocurrencies available. However, many of the new altcoins are weak in terms of creativity and vision. Iíve been tracking ICOs for the past two years and have seen a lot based on recycled technology and unworkable ideas. This, along with the†low success rate†of startups in general, suggests that many if not most of the new altcoins donít have a future.

Before investors start to panic itís important to remember there are some altcoins that will survive and thrive. Below is a list of 10 I think have the best chance of generating profit next year.

Note:†Ethereum is not on the list because I donít see it as an altcoin. I think Ethereum will survive as a store of value along with Bitcoin!

EOS

EOS addresses 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, transactions on the EOS blockchain are free. 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. Finally, EOS recently completed a successful token sale and has the capital to develop its full potential. For these reasons, I am confident EOS will be a profitable investment in 2019 and beyond.

Ripple?ó?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 lets 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 are why I believe XRP will survive the altcoin bloodbath.

Stellar?ó?XLM

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