Altcoins experienced many challenges in 2018. Most are now struggling to rise after the recent bear market that caused significant price drops. However, some of the altcoins show great promise in 2019.
Here are a few altcoins that could be a substantial investment in 2019.
The “king of all altcoins” is currently among the top cryptocurrencies in the market. Despite its many challenges, this altcoin is here to stay. Ethereum saw its prices drop drastically for the better part of this year. However, experts in the community state that this altcoin will recover all the previous losses in the coming year, and could pass $1000.
Tron is one of the alcoins that will receive a mixed reviews in the months to come. This coin, which recently entered the 1 million mark, will be a good investment in 2019. Tron made various strategic moves to ensure they stay in the market like purchasing BitTorrent. This acquisition will mean big things for Tron if the creator develops a much more secure and decentralized torrenting method in the future.
Tron is one of the few ERC20 tokens to make it to MainNet. The Tron community is continually growing and it currently has over 300,000 accounts. Despite it not being as big as the Ethereum Network, this growth is quite impressive.
Moreno is now the preferred coin on the dark markets because of its privacy setting. Monero has a great transaction scheme that involves ring signatures and stealth addresses created on the fly to keep all transactions private.
Among the altcoins, this one also runs on proof of work verification standard similar to Bitcoin. In addition, Monero has strong support from its community, which helped it gain popularity.
One of the various altcoins that will be a good investment in 2019 is EOS. This coin addresses some of the shortcomings on the Ethereum Network. For example, to develop a dApp on Ethereum, you need to use Solidity, a programming language for smart contracts. This impedes the use of the Ethereum Network, a fact that EOS overcomes by providing services to developers.
Similarly, EOS is also more scalable and faster when compared to Ethereum. People using this altcoin do not need to use gas fees since a centralized group of 21 gatekeepers approves the transactions. The coin is also generated through block producers who are voted in by the community.
Ripple is currently the third largest cryptocurrency behind Bitcoin and Ethereum. In fact, this is one of the alcoins that is venture-backed and never held an Initial Coin Offering (ICO).
This altcoin offers a global financial settlement service for banks that lets them transact directly and instantly across national borders. Therefore, Ripple aims to give financial institutions a secure and reliable solution for cross-border payments.
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