Bitcoin is the Godfather of cryptocurrency industry. At the beginning of this current year, Bitcoin was estimated at 1000$ and at the season of composing this article it is crossing 7000$ stamp.
Today, is not only the perfect time to look back and examine how the cryptocurrencies have performed durng the year, but also to look into the upcoming year’s potential.
Thus, in this article, we will go over the top 5 cryptocurrency picks for 2019. We will base our judgment on the coins’ performance during the year and the future plans of the teams behind the projects.
Here is our list of top 5 cryptocurrencies 2019:
Bitcoin now is trading at $12,027.30, while its market capitalization stands at $201,116,445,373. In fact, this year Bitcoin has risen in value 1,000% year-to-date. Such a successful year made this cryptocurrency an attractive asset for the financial institutions and governmental organizations all over the world.
Cryptocurrency frenzy, led by Bitcoin, has been the biggest trend of the current year so far. In addition, there is a big chance that the same would apply to the upcoming year of the Yellow Dog. Nevertheless, you might be quite cautious and perform a comprehensive analysis prior to investing in Bitcoin – this cryptocurrency (like any other) tends to be very volatile.
In order to stay on the safe side, check for the countries where Bitcoin is legal and also countries where Bitcoin is illegal.
Ethereum, the second biggest cryptocurrency in the world in terms of the market capitalization, now is changing hands at $464.68, while its market capitalization accounts for $44,678,905,662.
Even though Ethereum is quite far from reaching Bitcoin’s heights, this digital currency stands steadily and has all the potential to overcome the pioneer-cryptocurrency. While many investors seem to be bothered with the potential of regulations of initial coin offerings (ICOs), others see this issued as quite overblown and not really relevant to the Ether value.
The Ethereum co-founder, Vitalik Buterin, has recently become one of the 50 most influential people according to Bloomberg ranking. Earlier last month, he had shared some Ethereum future plans with the public, which, in fact, promise to contribute to the overall development of the cryptocurrency in the upcoming year.
Notably, Ethereum has surpassed Bitcoin in terms of the number of transactions.
Litecoin appears to be one of the best alternatives to Bitcoin. It was created to manage some of the flaws in the original Bitcoin protocol. In fact, Litecoin is one of the very first altcoins in existence after Bitcoin. As of now, one Litecoin trades at $103.43, and its market cap figure is at $5,599,290,398.
The cryptocurrency was introduced back in 2011, while it is almost identical to Bitcoin in terms of features. Even though this particular cryptocurrency is not as innovative as our previous coin, Ethereum, it is still has a lot of potential.
The value of this coin is derived from the user adoption. There is also a difference in leadership for the firms, as well. The creator of Litecoin, ex-Google employee, Charlie Lee is entirely transparent about what is he doing with the currency on social media, which is a great thing.
We strongly believe that Litecoin has the right for a place in this list of top 6 cryptocurrencies 2019 due to its high potential.
Even though we have placed these two cryptocurrencies together here, yet there are very different technically. You can also study our Zcash vs Monero analysis for an in-depth look. Yet, there two promising cryptocurrencies are aiming to solve the same problem. This problem is anonymous transactions.
Zcash now trades at $324.77, while its market cap is totaling at $899,108,954.
The value of Monero stands at $235.53, with its total market cap being $3,636,488,209.
In fact, Bitcoin’s blockchain is quite transparent – every transaction is logged and public. In addition, Bitcoin’s protocol allows for a certain degree of anonymity.Yet, anyone can see how the money is moving around. This is exactly what these two currencies are looking to modify – a safe and sound way to ensure the maximum anonymity.
However, the same aspect has been emerging as the key concern of many governments. Officials claim that due to the privacy features, many of criminals use Bitcoin. Modern global regulatory bodies are trying to find a way to solve this.
As a matter of fact, maybe Zcash and Monero will be able to enable criminal-free anonymous transaction in 2019. This makes a good argument for them to make it to our list of the top 6 2019 cryptocurrency picks.
IOTA has one of the biggest potentials to human life change, according to some industry observers. In fact, the cryptocurrency might become the fastest growing market in the next years. However, the most amazing thing is that the development in the linked fields is interconnecting.
This cryptocurrency is concentrated on Machine-to-Machine transactions. Its key purpose is to enable M2M payments via serving the machine economy. Sounds futuristic, isn’t it? It is – because it is really future. This cryptocurrency is quite different from other digital currencies since it does not even based on the blockchain system. IOTA uses the special new concept called the tangle.