During the cryptocurrency boom of 2017, dozens of new ICOs and altcoins were released practically every month. But their success was based mainly on the overall industry uptrend and not on the projects’ benefits. Practically all of the issued coins were forks of Bitcoin or Ethereum with no significant improvements and no added value. Investors were often simply blinded with greed and barely ever noticed deficiencies of these major blockchains.
2018, on the other hand, was the year of disappointment and the global correction of the market. Regulators strengthened restrictions of cryptocurrencies, both Bitcoin and Ethereum revealed their technical flaws, and as a result, investors started to massively withdraw their funds. In such times, useless coins drown, and truly perspective projects that offer real value and move the industry forward remain afloat.
In this article, we are going to talk about the most promising altcoins to watch in 2019 and the reasons why these projects are very likely to survive this crypto winter.
This is one of the most successful ICOs of 2018 as it has raised 4 billion USD. The project is designed for dApps developers and aims to resolve multiple issues revealed by Ethereum, the most popular platform for creating decentralized apps.
For instance, Ethereum allows to process only 19 transactions per second at the maximum and additionally imposes fees on every transaction. EOS, on the other hand, has already reached almost 4,000 TPS with an immeasurable potential of growth and allows to exchange funds within its network for free.
Also, to write smart contracts on Ethereum, you have to use a very complex programming language Solidity. EOS provides developers with convenient tools for creating dApps such as account managing services and databases that don’t require any special technical skills.
Although there are rumors that Dan Larimer, EOS founder, plans to abandon the project for the sake of the new one, the platform has great potential and may become the new standard for developers. So the coin that fuels the project is definitely worth keeping an eye on.
You may be surprised to see Ethereum here with all its deficiencies right after EOS, but this project still has capabilities to get its place on the pedestal again.
Ethereum can be considered a true veteran of the blockchain industry. It had already seen its all-time-high at the beginning of 2018 when it reached almost 1,400 USD per 1 ETH. Hundreds of ICOs were launched using Ethereum as a basis. But after it revealed its flaws, ICOs started to massively sell it off, and the ETH price went down dramatically reaching 100 USD by December 2018.
In spite of such a decline, the project still has huge potential. There’s a big community standing behind Ethereum, and its founder Vitalik Buterin will eventually find a way to move to PoS and implement sharding to resolve problems with Ethereum’s transaction speed.
Initially based on the ERC20 standard, Tron has managed to launch its own mainnet. This is a vigorously developed project with a solid potential for growth in the future. As of December 2018, the number of users of the network has already surpassed 900,000, and the number of daily transactions counts several million. Tron has been steadily holding the first lines by the number of Github commits during the last months.
Another huge piece of news related to Tron is that the project has purchased BitTorrent, the biggest file sharing system. The pace at which developers improve the platform is impressive, and the project has good chances to grow in the upcoming year.
Also, the rapid pace of its development is a good sign. Check the image above; you can find Lisk on the 8th position.
There’s nothing really special about this currency since it’s a clone of Bitcoin with some improvements in transaction speed. But it’s one of the eldest projects in the industry. It was on top of CoinMarketCap in 2014, and it was still in the top 10 by the end of 2018. It has a solid community of devoted fans and has all the chances to survive this crypto winter, just as it has already done before.
The Number One Rule of any serious investor is “buy low, sell high.” The cryptocurrency market is obviously at the downtrend right now, and most of the crypto projects are going to get out of the game before the market revives.
But those who have strong teams and huge communities behind them will survive and significantly increase in value when the new stage of technology implementation begins. Since the token price of these projects is really low now, it’s the best time to step in for future profits.
P.S. Note that this is not financial advice. Make your research before investing into any cryptocurrency.