I am a designer and new to cryptocurrencies, therefore my brain could be wired differently than financial experts.
DISCLAIMER, this post is NOT investment advise, nor have I been paid to say anything about the cryptocurrencies mentioned in this post. Investing into cryptocurrencies is at your own risk, don’t invest what you can’t loose.
My interests in general is not on speculation but on the technology and potential usage behind cryptocurrency. There seems to be a surge towards BTC Independence Day (AUG 1) and the other ALT cryptos seems to benefit from the rise.
Historical top 10 comparison
Looking at the history of alternative cryptocurrencies you can see that over the years many have fallen from top 10 at coinmarketcap. Only a few seems to have a stronger position.
From my point of reference the ones that will perform steady over the longer period will be the ones supported by hardware wallets, such as Ledger. These ones include;
_BTC Bitcoin
_ETH Ethereum
_LTC Litecoin
_DASH Dash
_STRAT Stratis
Seeing XRP (Ripple) as a potential but as from my reading/understanding banks will start creating their own cryptocurrency. By creating their own cryptocurrency banks will try to gain control back over the current crypto market cap. I think we will see more on this in the near future.
And of course Steem😃 would be one to watch!!
In general the bigger ones as mentioned above will have a longer future. Many of these are now into a surge (bubble?) and tend to fluctuate accordingly to BTC. Again I am new to cryptocurrencies, please share your thoughts on this.
Smaller but interesting
The bigger ones as mentioned above I believe will have a longer future. The one I am interested right now is ArtByte, formally known as AppleByte.
ArtByte is a cryptocurrency to support artists of all types such as musicians, actors, film makers, dancers, painters, sculptors, photographers, models, etc.
You can support your favorite artist just by sending a tweet.
Stock flow ABY -> BTC
When ArtByte compared to the BTC stock flow trend, you can see a steady clim over the last few weeks. As more and more artists start to embrace ArtByte it will set itself apart from the trends. Note this diagram is NOT TO SCALE but to compare the stock flow.
I am keeping a close watch on ArtByte (ABY).
Share your favorite smaller ALT Coin!!
As always, thank for you reading.
And please share your thoughts on smaller ALT Coins to watch.
Direct link to ArtByte http://www.artbyte.me/
ArtByte on coinmarketcap https://coinmarketcap.com/currencies/applebyte/
Sander