Here are 7 promising crypto-currencies to know and follow closely this year and in 2019.
If you want to invest, you must first do some research yourself to make your own opinion (especially with the new cryptocurrencies).
This article is not an investment recommendation and aims to make the main virtual currencies known to novices.
We have now passed the middle of the year and it is time to take stock of the virtual currency market. There are now more than 1600 chips in circulation and to detect the best crypto-currencies (real projects) scams has become the daily crypto-investors.
We have tried to list the 7 crypto assets on which we tend to believe that these are serious projects. This is not a ranking but a list without order. We also inform you that we will discuss projects that we consider viable and not necessarily the most profitable.
Ethereum has become a reference for creating currencies (ERC-20) and decentralized applications, there are hundreds of crypto-currencies and more than 1000 DApps on its network running thanks to the motto named ether. Its founder and current leader, Vitalik Buterin, is known to be an extremely intelligent and serious person despite his young age (24 years). Big updates called Sharding and Plasma arrive and aim to improve Ethereum.
The Binance Coin was created by the company Binance owner of the exchanger of the same name. The NBB is used on the platform to save money on trades. We decided to include it in this list because Binance plans to build its own blockchain and a decentralized exchange with Binance Coin at the heart of the service. The company seems very competent and knew how to impose its exchanger as a reference in only 6 months. It should also be noted that Binance buys and burns BNBs every quarter to reduce outstanding supply
The goal of the nonprofit organization Stellar is to provide financial infrastructure to organizations and associations around the world. Co-founded by one of Ripple's former founders, Stellar seduced the IBM giant who wants to use the currency to compete with Ripple with a more decentralized system.
Bitcoin is still in the race today despite its shortness of breath especially in terms of its ability to manage operations during peak periods. The first created cryptocurrency is still supported by many influential people and developers. Improvements like the Lightning Network or SegWIT support are under development.
The Chinese blockchain organization VeChain quickly became known in the sector. Its purpose is to connect objects to the internet using blockchain and Internet of Things (IoT) technology. Its cryptocurrency VEN now sits in the top 20 crypto-currencies and some partnerships and pilot projects let us think that the currency has a future. We can notably mention its collaboration with LVMH (Moët Hennessy Louis Vuitton) and BMW or its pilot project to fight wine counterfeiting in China.
Despite the criticism of many investors about the centralization and lack of use of the XRP token, Ripple is working hard and has attracted many banks on all continents. The project is relatively serious, we believe that the XRP has its place in this list despite its strong centralization that goes against the principles of virtual currency.
Like VeChain, the IOTA Foundation wants to connect objects to the internet. In recent months, the organization has been building partnerships, including the multinational Bosch, the large Norwegian bank DNB or UNOPS. IOTA has recently introduced a real use with a smart terminal for charging electric cars. Important organizations are interested in its unique technology called Tangle and this suggests to us that the motto will stay in the running.