There is no doubt about the fact that Bitcoin faced a huge crisis last year. Many people believe that with Bitcoin’s downfall, the moment for cryptocurrencies has passed. However, there are still a few people who believe that cryptocurrencies will bounce back. Here’s the list of 6 cryptocurrencies to watch in 2019 presented by a well-known journalist.
Nora Mork, who happens to be a well-known tech and business journalist, still has a firm belief that cryptocurrencies are not going anywhere and that they will bounce back. She is the one who has shared her list of 6 cryptocurrencies to watch in 2019.
It is true that the market of cryptocurrencies has been quite unstable for some time, affecting people’s confidence in it at a significant level. However, given Bitcoin’s and altcoin’s performance in the last several weeks, it wouldn’t be wrong to say that cryptocurrencies will make a comeback with a boom.
6 Cryptocurrencies to Watch in 2019
Cryptocurrencies may not be as stable as fiat currencies but the technology will only continue to develop and improve over time and witness more growth in the future. Let’s have a look at the 6 cryptocurrencies you should definitely keep an eye on in 2019.
Jay Stokes, an author at Stateofwriting and Ukwritings, says that during the course of 2019, Ethereum is going to grow further as well as witness a rise in its value because of its development.
Ethereum is a digital currency that provides a platform for other developers to build their own currency. Taking the building blocks offered by Ethereum’s blockchain, users create their own applications so that they can be used to manage things on the platform such as supply chain.
At the end of last year, Ethereum observed growth in its value, seeing the second largest growth to Bitcoin and reaching 3000% growth.
Bitcoin Cash (BCH)
Bitcoin Cash shot up its value during 2017 as Bitcoin ABC, developed by Amaury Séchet, the former Facebook engineer. Walking out on an established protocol, the developers made an unprecedented move by increasing the block size limit from 1MB to 8MB.
They split from the original network and eventually created a new Blockchain containing a different set of rules. Much to everyone’s surprise, Bitcoin Cash went on to become the third cryptocurrency to capitalize on the market at the end of its first day of trading.
Bitcoin Cash happens to be more functional than Bitcoin because its increased block size limit allows for generating scalability as well as more transactions. Despite 2018 being a volatile year for many cryptocurrencies, it has remained durable for Bitcoin Cash.
Binance Coin (BNB)
In recent months, Binance coin has proved itself to be a serious competitor. It is considered a useful tool to help convert and purchase other digital currencies across the world.
This feature of Binance coin has helped it in remaining fairly stable even during the excess amount of cryptocurrency sell-offs during last year and has roughly tripled its value.
As Binance coin further develops, its provider, the website Binance, is working on to build to a decentralized exchange that aims to scale the value up by terminating half of all BNB through careful currency management.
Created in 2014, Dash is a cryptocurrency which worked as an open source platform alongside a decentralized organization. Since it was used a lot on the dark web, this cryptocurrency garnered immense bad reputation. It was formerly known as Xcoin.
Soon after, the coin was rebranded and named as Dash which meant Digital cash. All the transactions and transfers made through Dash happened to be quick. The community behind the Dash coin is working really hard to improve it. This means Dash definitely has a bright future in 2019.
Developed in 2016, ZCash was introduced into the world of cryptocurrency with an aim to focus on security. This coin has two protocols that are entirely fixated at transparent or shielded pools.
Due to transparency, some private transactions can be shown as a way to verify payments for tax obligations and regulations. This has surely helped ZCash to lead the way for creating a sustainable future for cryptocurrency.
Carina Rodriguez, who serves as a contributor to Academized and Revieweal, has said about ZCash that the developers of this coin have been extremely open and welcoming in meeting with law enforcement agencies. She also said that this is nothing short of an offer to demonstrate a united front against illegal cryptocurrency activity.
It has been quite a controversial year for Monero. According to some studies carried out during the year showed that around 4.3% of the total supply of Monero coins had been mined illegally. Now, this got worried many people.
What’s more interesting is that while the cryptocurrency industry as a whole intends to have a more authentic, less shady mode of practice, during the time the studies came out, Monero’s value seemed to have varied very little.
Fundamentally, Monero is based on an algorithm that requires miners to look for legitimate data. This cryptocurrency is considered really good and is widely used as it allows the transactions to be hidden, giving you complete privacy. On the other hand, ZCash doesn’t allow this.
Monero can be a great replacement to Bitcoin but this matter still remains a debate.