28/05/2020
What will the top 12 cryptocurrencies be in Future?
Currently, there are over 2375 cryptocurrencies, I have seen many come and go over my 5 years in the industry.
It’s best that you look at the type of coin you want to invest in. There are the following types of cryptocurrencies:
Security tokens / Asset tokens – assets such as participation in real physical underlying, companies, or earnings streams, or entitlement to dividends or interest payments.
Utility token / Utility tokens – goods & services the project will launch in the future. Can be used as a type of discount or premium access to the goods & services of the project.
Cryptocurrencies / Payment tokens – cryptocurrency goal is to be items of inherent value, just like to cash or gold, designed to enable purchases, sales, and other financial transactions.
Safe Currencies
There is no definitive way to easily gauge how safe a coin is. Just like any business, any crypto project can collapse. There are a few things to look at. I always look at the leaders of the project and their track record. This can be time-consuming, but you don’t want to put all your funds into a project that has a shady background.
Another area to look at is their legal status and if there are any legal issues that may arise. The has been some well-known cases of ICO’s which are currently under investigation by the SEC, and you don’t want to get caught up in this.
Leverage – 10x, 100x … 1000x
This is what most people want right? For Bitcoin with its market cap of 64B, to gain 10x or 100x, is going to take a while. But if you look at a project that has a Market cap of 10M, you have much higher odds of reaching 100x or even 1000x. Obviously, these lower cryptocurrencies have their risks and that’s why they are so low. However, if you had invested in Stellar early 2017, you would be a very wealthy person today.
Below I have put together a list of 12 crypto tokens which hold the most promise over the next 12–24 months. All of these tokens have great backgrounds, from their teams to a long-standing focus on usability.
I like these coins because I have seen the projects mature over the years and have researched the people behind them. Please do not take what I say as financial advice and invest at your own risk.
Bitcoin (BTC) (64Bn cap)
The grandfather of cryptocurrencies, this is the coin you want to get the most of. Bitcoin is the flagship of cryptocurrencies. Yes, it was built over 10 years ago and the technology is showing its age. However, with technologies like the Lightning Network, for trading and speed, and RSK for smart contracts, a lot of these issues will go away.
Ripple (XRP) (12.5Bn cap)
Designed as a centralized transaction network to be used by banks for money transfers in much the same way as, SWIFT. Ripple is designed to be faster, more reliable and less volatile than other cryptocurrencies.
Ethereum (ETH) (12.8Bn cap)
A decentralized app provider – originally developed as a world computer. The goal was to get rid of the need for third-party companies like Apple to create apps. Apps developed on Ethereum are on a distributed public platform where miners can earn ETH to fuel the network.
Stellar (XLM) (1.4Bn cap)
Launched by Ripple co-founder Jed McCaleb in 2014, like Ripple, it is a transaction network for fast and efficient cross-border money transfers.
Litecoin (LTC) (2.6Bn cap)
Bitcoin’s little brother, litecoin resembles its older sibling in that it is a peer-to-peer cryptocurrency, but faster transaction speeds. However, its mining process is more memory-intensive and its market cap is around 1/20th of the size of bitcoin.
EOS (EOS) (2.6Bn cap)
Created by cryptocurrency pioneer Dan Larimer. EOS is designed after ethereum, offering a platform on which developers can build decentralized applications. EOS offers a proof-of-stake mechanism which it hopes to be able to offer scalability beyond its competitors. EOS includes a complex system of rules to govern it, the network will ultimately be more democratic and decentralized than those of other cryptocurrencies.
Cardano (ADA) (1Bn cap)
Created by Ethereum co-founder Charles Hopkinson in 2015, it is the first peer-blockchain powered by scientists and academics. With the goal to run decentralized apps on the blockchain.
Dash (DASH) (716M Cap)
Originally known as darkcoin, is a secretive version of bitcoin. Working on a mastercode network that makes transactions almost untraceable. In March 2015, ‘Darkcoin’ was rebranded to dash, which stands for “digital cash”. The rebranding didn’t change the functionality of any of its technological features including DarkSend and InstantX.
Neo (NEO) (539M Cap)
Originally called AntShares, the coin was later rebranded by creator Da Hongfei. It is the largest cryptocurrency which has emerged from China and is sometimes referred to a “Chinese Ethereum” because of its similar use of smart contracts. NEO’s success has been its support of programming in many existing languages, including Go, Java, C++, and others.
Nuls (NULS) (25M Cap)
A blockchain 3.0 project, competing against platforms like ETH, EOS, and NEO. It’s a modular, consensus-based system that uses a unique ‘proof of credit’ staking system. Basically, the nodes receive their own credit rating based on the credibility and consistency of their contribution to the network. It wouldn’t be surprising to see multiple industry partnerships based on its blockchain tech, especially since they’re based in Singapore, one of the financial capitals of Asia.
Divi (Divi) (2.5M Cap)
Divi’s founders want to make cryptocurrency as easy to use as paypal. Divi was created in order to address a number of the perceived barriers to mass adoption by the general public; Among those are speed, scalability and ease of use. Divi’s CTO is former VP of design and product development at Microsoft Michael Greenwood. Among other advisors are, former CSO of Yahoo! Tim Sanders, technologist Ramez Naam.
Sonm (SNM) (6.7M Cap)
Standing for Supercomputer Organized by Network Mining. It’s a network capable of selling computing power in a decentralized, secure manner. By giving up unused computing power, sellers can earn SONM tokens by joining its peer-to-peer fog computing network. It supports the most programming languages and aims to take on a wider range of development applications.
https://www.mandelacoins.co.za/2020/05/28/what-will-the-top-12-cryptocurrencies-be-in-future/
