Article published on April 10, 2019 on MagicCryptocurrency.com
Just like 2018, another year promises to be filled with ups and downs for all cryptocurrencies. That means there is still an opportunity to get rich — you just have to make the right bets. Due to current Bitcoin changes, traders’ stakes turn the tables in favor of the altcoins with a strong technical backup. What are the best cryptocurrencies to spend in 2019? Here would be the most promising blockchains and businesses behind them.
The chances that Bitcoin will create its preceding 1,000% rise are small: the cryptocurrency community admits there are far more technologically innovative options. New Altoids pop up every day, and their developers keep surprising audiences with advanced features and the technical supremacy of their solutions. Although the bearish tendency of the market seems to deteriorate somewhat, no one can assure that the Bitcoin price can break its previous records and hit $20,000 again.
What about Ethereum? It’s still potent and promising, but there are lots of competitors coming up with much more agile and sophisticated block chains. Some companies are already shifting from Ethereum to Neo and platforms alike.
1. EOS: Ethereum’s Number One Rival
Of Ethereum’s opponents, EOS seems to be the most technologically innovative system. Why? First and foremost, it removes the main barrier for developers — that the Solidity language (it is the only means of programming in Ethereum). Instead of it, EOS users have access to databases and tools together with other numerous services, which means no familiarity with programming languages is required at all.
To top it off, EOS is significantly more flexible than many other comparable platforms: no gas fees are charged because 21 gatekeepers process the transactions. The coin is not mined; it’s produced by specific users elected from the community.
Benefits of EOS blockchain
2. Ripple: 2nd Coin Following BTC
Gradually but steadily, Ripple has made its way into the second largest cryptocurrency by market cap following Bitcoin. But it works with entirely different principles. Ripple was created for large financial institutions rather than individual consumers: this cryptocurrency functions to ease cross-border obligations, which makes them exceptionally fast and cheap (a transaction costs a portion of a cent). Ripple Labs received huge support from corporate investors (including Google), and now this cryptocurrency is being introduced by Asian banks and financial institutions across the world. We’ve already discussed that Ripple is not likely to reach $100, but it’s anticipated to achieve the $1 threshold in the nearest future — its cost is $0.29.
3. While such payment processing giants as PayPal charge 5 percent fees for trades, Stellar has only a $0.01 commission for 600,000 transactions! The processing speed is 5 minutes per trade, which can be quite agreeable. In addition, the platform solves the problem of energy consumption that plagues Bitcoin and some other blockchains. The proprietary Stellar Consensus Protocol is used to process operations instead of Proof of Work. The Stellar group has already partnered up with a couple of tech leading dogs, such as IBM, therefore it enjoys enormous support from corporate investors.
Why contemplate TRX? TRON recently acquired BitTorrent, which allows for developing secure decentralized torrenting methods in the future. By way of instance, such creations will help us to distribute files over a community and re-assemble them for user downloading.
Another among TRON’s benefit is that it is one of a couple of ERC20 tokens that have made it into MainNet. Although TRON’s growth isn’t as rapid as Ethereum’s, it’s 300,000 accounts up to now. At the moment, 1 TRX is worth $0.013, so it’s a fantastic investment for dealers using a shoestring budget.
Among Bitcoin’s major alternatives, Litecoin has made it into the Top-10 cryptocurrencies by market cap: it has reached a $1.45 bln capitalization and now is the 9th coin on the listing. LTC has the average block mining time of 2.5 minutes from Bitcoin’s 10 minutes. In any case, it’s one of those big four on Coinbase.
Litecoin vs Bitcoin — chief gaps
While Bitcoin requires 95% of miners to signal that they encourage SegWit for activation, Litecoin requires only 75%. The lowering of this consensus threshold makes it easier for Litecoin to attract active investors. At the moment, Litecoin costs $26.15 — it has been through ups and downs, but the cryptocurrency community considers in its own possible.
It has four key advantages over other coins:
It is fully decentralized.
Users are not charged fees.
It is modular.
The technological secret inherent IOTA’s success is the Tangle. While Bitcoin utilizes a blockchain environment to keep the ledger, IOTA’s Tangle is a directed acyclic graph (DAG). Such a system solves the issues of scalability and transaction fees. The sender performs some type of proof of work and approves 2 trades. Therefore, the greater the number of users is, the faster transaction speed they can appreciate. To top it off, IOTA has a lot of applications.
Taking into consideration the fact that the amount of Internet-driven devices is forecast to reach 30 bln gadgets by 2020, along with the market cap will be approximately $7.1 trillion, IOTA includes a great deal of potential, though there’s a serious competitor — the IOTW startup.
Crucial differences between IOTA and IOTW
Standard Attention Token (BAT) was set by tech experts from all around the world. This token is made for content creators, publishers, their viewers, and advertisers. For example, users may contribute to content creators in BAT currency, or receive BAT benefits for watching advertisements. With this particular browser, users will enjoy the content they enjoy without annoying ads and ISPs advertising their personal information. The cryptocurrency is expected to begin growing in a year or so.
Liracoin was founded with the goal of making a new blockchain management model, getting the first members of their DAMO. Each player in the creation of this DAMO has invested $500,000.00 for the creation and launch of the Liracoin project. Funds managed by the DAMO are protected through multi-signature wallets
The value of Liracoin is the community of individuals that take part in the creation of new coins and utilizing Liracoin as a medium of trade. No institution or government can control the amount or price of Liracoin. Users determine the value of Liracoin according to supply and demand.
Liracoin’s POS model lessens the risk of hacker attacks, data manipulation or concentration of value and monopolization of the market. Transactions in almost any electronic money have to be approved and verified by the peer-reviewed system throughout the POS system. This approval enables the community to have a role in the life of their money and, at the identical time, be a guarantor of safety. The network remains secure even in case of an effort to hack and malware.
There are many contributors supporting this crypto asset, therefore it’s all of the chances to increase in value……..