The world of cryptocurrency is moving really fast. Over the past 5 years, Bitcoin outperforms any other investment like gold, the stock market or real estate.
Over the past years, hundreds of new cryptocurrencies came on the market. Most of them are just copy cat or only have a few features that make them different.
Only a handful of those cryptocurrencies is real outliers. Those unique ones disrupt their industry just like bitcoin did with the financial sector.
The following top 5 cryptocurrencies are outliers and are the one I am sure will go up in value by 10x-100x over the next 2 years.
Bitcoin has proven a store of value over the past few years and it is currently trading at 410$ today. The price varies a lot but it outperformed all the other investment vehicle by a lot.
Bitcoin has the network effect and most people have heard of Bitcoin. But this is not a panacea because Myspace had the network effect at some point and they lost their position over better platforms like Facebook.
Over the past few years, Bitcoin got a lot of venture capital money so we should see very interesting apps and project coming to the market in 2016. All those companies will drive wider public adoption which would drive the price up.
One problem with bitcoin is that its block size limit reached the maximum amount of transaction it can process. It will need to overcome this before the price can start climbing again.
Also read: How can I buy Bitcoin Online
Launched in 2015, Ethereum is a decentralized software platform that enables Smart Contracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control or interference from a third party. During 2014, Ethereum had launched a pre-sale for ether which had received an overwhelming response. The applications on Ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the Ethereum platform and is sought by most developers looking to develop and run applications inside Ethereum. According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). Ethereum (ETH) has a market capitalization of $4.46 billion, second after Bitcoin among all cryptocurrencies.
Also read: How to buy Ethereum
Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments. Ripple “enables banks to settle cross-border payments in real time, with end-to-end transparency, and at lower costs.” Released in 2012, Ripple currency has a market capitalization of $1.26 billion. Ripple’s consensus ledger — its method of confirmation — doesn’t need mining, a feature that deviates from bitcoin and altcoins. Since Ripple’s structure doesn’t require mining, it reduces the usage of computing power and minimizes network latency. Ripple believes that ‘distributing value is a powerful way to incentivize certain behaviors’ and thus currently plans to distribute XRP primarily “through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to institutional buyers interested in investing in XRP.”
Also read: How to buy Ripple in India
Litecoin has been around for a very long time and has shown success at keeping a healthy value to its cryptocurrencies. Also the largest Bitcoin wallet provider Coinbase has added the cryptocurrency to GDAX for trading. The longstanding trusted cryptocurrency has been a safe long term investment for quite a while now. Picture Litecoin to be the 5 dollar bill compared to the 100 dollar bill (bitcoin). To have a successful cryptocurrency it needs three things: professionalism, quantitative flow, and trust. Litecoin has it all.
Dash coin has been known for attempting to make the most anonymous cryptocurrency. They have rebranded there cryptocurrency a few time, but all for the darkest reasons. Dash coin has been popping up slowly on the dark net in small communities. Criminal Organizations have been using Dash coins due to its healthy value and anonymity for its trace. A user that goes by “arma” on darknet forums assumed to be the Tor guru has been investing a sufficient amount of attraction to the cryptocurrency. Slowly but surely this will be a cryptocurrency that will start branching off to Darknet Markets which will sky rocket the value. The biggest factors also include the supply and demand. Currently there is approximately $6,500,000 coins available for supply (which is not a lot). Which means there is not enough coins for the demand, so grab your coins while you can. It’s bound for the price to go up, to create difficulty in creating a positive demand or the little supply. The supply is bound to decrease every year.
Also read: How to buy Altcoins (Cryptocurrency) in India
Also read: Zebpay: A bitcoin Wallet in India
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