Back when the Internet bubble crashed, there were a lot of companies that went down, but some like Google and Amazon survived and have gone on to chance the world. They also made some people very rich.
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Cryptocurrency right now is much like the days of the late 90's in the first Internet boom. There were hundreds of companies way over valued mainly because they were just using the new technology. Think about Reddcoin. That is a project that hasn't gone anywhere in months and they are still worth $230 million. They even took down their blog from their website.
Stephen Strongin, a main researcher at Goldman Sachs recently made a comment that sounded like FUD but was very true. He stated that most cryptocurrencies would not be around in five or ten years. It got a lot of press, but the headline is he stated the obvious. Of course in five or ten years, out of the over 1,500 crypto that exist now won't exist then. Obviously. What he isn't saying, is that the ones that do make it will be worth billions and billions of dollars.
The ones that survive will be like Google or Amazon after the Internet bubble popped. They could make some people very rich.
So what are the coins that will survive the crash? First of all I have no idea the crash will happen or even if it will happen. Maybe bad projects just start falling down the charts as crypto investors get smarter. As we see more and more projects complete their roadmap goals in 2018, we'll see some that just can't hang. Those will fall to zero and be an after thought in history.
But what ones will be the future? I'm not sure, lol. You read all this for that answer. Nobody really knows, but there are a few that really think could make a run at it.
1. ADA - The team and the idea behind this coin is really strong. They are building ADA for the future. Bitcoin was the future, now it's Etherum. I think one day, ADA will be next.
2. EOS - There are some fantastic minds on this project and it is another that is built for the future. With the accomplishments this team already has, it is tough to think that EOS won't have a home in the future.
3. ANT - Aragon is a company that has built a governance system for the blockchain and it is working right now. This is one project that I think could really go the distance and fill some major voids in the growing blockchain technologies.
4. STEEM - Steem is one coin that I think will blossom in the future. Not really because of Steemit, but for all incredible social reward applications that can be built on the Steem blockchain. Steem already dominates the transaction game and is lightning fast. It has a real chance to be a top player in the future.
5. The Mystery? - I am sure there are some coins that have not been made yet that will really change our future. There are ideas that will blossom over the next year or two that spark new ICOs that will change our life.
We are at the beginning of all of this cryptocurrency stuff, and things are changing fast. Over the next five years, Stephen Stongin is right, many will go to zero, but what he is leaving out is that some will go on to change our lives.
Do your own research, trust the future and invest wisely.
I'm not a financial advisor, I'm not rich and I'm not a psychic. These are just the coins that I like and the ones that I think will change the future. Do your own research!
What coins to agree with?
What coins should I add?
Let me know your thoughts in the comments below.
Thanks for reading.
