Market sentiment is constantly changing, requiring people to adjust their opinions. Because encryption projects grow, get stuck or even die, people have to change their expectations and speculations. That said, here are five cryptographic assets to watch in 2019.
1 – Bitcoin (BTC)
This could be a rather obvious choice. However, bitcoin has a lot to offer. It has the greatest institutional interest, by far.
The Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) employed their bitcoin futures liquidated in cash more than a year ago, increasing institutional interest, as well as bitcoin credibility.
Last year also saw a massive influx of additional bitcoin institutional interests that will have repercussions in 2019. Interest includes several ETF (bitcoin exchange-traded fund) proposals and the highly anticipated Bakkt platform of Intercontinental Exchange (ICE) with bitcoin-regulated futures trading.
Bitcoin is also the main asset of the cryptographic sector, which represents 51.8% of the market capitalization for the entire class of activity according to CoinMarketCap at the time of writing this document.
Bitcoin is also more than a 75% discount from historical highs, priced at just over $ 4,000 on Blockmodo at the time of writing this article.
In last year's interview with YouTuber CryptoBobby, the well-known bitcoin masonist Tone Vays also mentioned several points on why bitcoin stands out from the many other projects in cryptographic space.
2 – Monero (XMR)
Monero is another project of interest for 2019. Monero is different from bitcoin, as it uses anonymity functions.
Bitcoin can also be anonymous, but requires additional steps to do so, including the purchase of over-the-counter (OTC) bitcoins. Monero simplifies the process of anonymity (although Tone Vays and his group have questioned the potential of anonymity of Monero).
Moreover, Monero is an interesting choice because, unlike most cryptographic resources, Monero was created using a code different from that of bitcoin and also the identity of its founder is unknown, as in the case of bitcoins.
Monero also has a relatively small circulation offer of less than 20 million. Even if it uses less inflation over time, depending on the model, it is a controversial topic.
Currently at around $ 54 at the time of writing this article, Monero has a very high discount compared to high prices ever over $ 400.
3 – Ethereum (ETH)
Ethereum is another rather obvious choice for this year. The project is still the most popular choice for building initial coin offerings (ICO). According to an ICO report by Suicide Ventures, 87% of ICOs launched their projects on the Ethereum platform from October of last year.
Ethereum is the second highest-ranking cryptographic asset by market capitalization on CoinMarketCap at the time of writing this article, and is at a higher discount than the ever-high prices of over $ 1,300. Ethereum is found at around $ 152 at the time of writing.
Based only on the price, the purchase of Ethereum is now roughly equivalent to the purchase of Ethereum in May 2017. A recent CoinDesk article also mentioned the price chart of Ethereum which at the moment looks similar to the bitcoin chart in the 2015, near the end of the last bear market.
Contrary to the potential price increase, however, TechCrunch wrote an interesting article last fall that describes a scenario where the price of Ethereum has dropped to zero, but the network has nevertheless succeeded.
4 – Stellar Lumens (XLM) and Ripple & # 39; s XRP
Regardless of the centralization debate (mainly regarding XRP), both XLM and XRP are making progress in blockchain application in the banking sector.
Ripple, in particular, has made many titles in recent months with his RippleNet. Recently, RippleNet announced 13 new customers.
There is a distinction between the Ripple application and the parts that actually use the XRP asset. That said, of the 13 new institutional additions to RippleNet, five of them "will use Ripple's digital asset, XRP, for liquidity when sending customers' cross-border payments," according to a CoinTelegraph report on the subject. . It is hard to imagine that XRP disappears at this point. Although some speculate that XRP is still an unregistered security.
The XRP is a controversial topic when it comes to ideals in the crypt. Speaking from a profit standpoint, however, XRP is below $ 0.40 at the time of writing, down from nearly $ 4.
Stellar is also a partner of the IBM power plant, and XLM is well below its historical high.
5 – Hedera HashGraph
Hedera Hashgraph is an interesting project that has not yet achieved trading cryptography exchanges. The project differs from blockchain technology. According to the Hashgraph website, its "platform is lightning-fast, fair and secure and, unlike some blockchain-based platforms, it does not require very heavy job testing".
Hashgraph is an interesting project due to its potential scalability potential, unlike many blockchain-based cryptographic assets that have seen significant downsizing problems so far.
According to ICODrops, Hashgraph concluded its ICO last August, holding very well taking into account the bearish market of 2018.
A concern with regards to Hashgraph, however, could be its possible centralization. A post Reddit several months ago said: "
However, Hashgraph seems to be a different technology, and it will be interesting to see how the asset behaves if it hits the exchanges.
2019 will really be an interesting year.
Disclaimer: This author contains BTC, ETH, XMR, NEO, ETHOS, LTC and a small minimal amount of other various altcoins.
* Nothing written is a financial, investment or trading advice. Everything was written based solely on the opinions and prejudices of the author. Do your research and consult an authorized financial advisor before making any decision.
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