The concept of cryptocurrency was alien to so many individuals around the globe. Some individuals had second thoughts accepting the fact that this is a legitimate form of payment medium. However, the reviews and reception for the same has been mixed and statistically speaking it has more on the negative side than the positive.
This means that the inception of 2019 saw only a selected few cryptocurrency holders. The notable mention in this field was the introduction of Bitcoin. Ever since the anonymous “Satoshi Nakamoto” introduced it ten years ago, the growth and popularity have been magnanimously striking.
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Ever since then, there has been a massive spurt in the number of cryptocurrency options, and they would play an instrumental role in the market for years to come. Because 2019 is the year, that cryptocurrencies would make their presence felt like a “primary gamechanger”.
Best Cryptos in the Market
Since 2019 signifies the arrival of institutional money into the market through cryptocurrencies, that would create a positive legitimacy in and around this sector. This will mean the official entry of cryptocurrencies at Nasdaq. Let us take a look at some of the best that would be well on the way to create a dent in the crypto market this year,
Bitcoin (BTC)
Supply Limit – 21,000,000 BTC
By far and large bitcoin remains on the top of the cryptocurrency food chain for the last ten years. Satoshi Nakamoto’s brainchild ushered a new path forward for other “altcoins” to try their luck into the market as well. Nakamoto had implemented the bitcoin software to be open source, and the identity of the inventor remains unknown.
As of 2019, Bitcoin tops the list with enormous amounts of profits that range close to $8235. The increase is more than a whopping 120% after its noteworthy slump in 2017 when it was at $20,000. This happened because of a couple of retail investors who started a lump sum amount of investments in cryptos. Hopefully, this would be a trend in 2019 as forecasted by TrustedBrokerz.
Ethereum (ETH)
Supply Limit –No Limit
Another one of the open-source, blockchain based platforms, Ethereum rose to prominence with close competition to Bitcoin. Many of the companies have even started using Ethereum as their go-to medium for digital transactions. As per the analysis and findings, only about a handful of people own a third of the world’s Ethereum share.
However, after a sudden freefall, Ethereum has consistently gained speed in 2019, becoming the most sought after crypto after Bitcoin. The total value for Ether is now priced at $272, which has been a satisfactorily good high after a slump to $240. But the market expectancy shows that it would steadily reach $300. It is definitely one of those contenders for crypto’s top job.
Litecoin (LTC)
Supply Limit –84,000,000 LTC
The formation of Litecoin was a welcome respite for many since the prices for both Bitcoin and Ether were high in 2017 to catch up with. Litecoins have proven to be an excellent option for many users and companies, thus making it on to this list. Experienced traders mark Litecoin as the currency that would be on par with Ether in the coming years and preferably Bitcoin as well.
Concerning market valuation, the current Litecoin price stands at $97.23, owing to a little bit of slump from $100 in 2018. But the good news is that Litecoin has officially entered the bull market since it has been continually performing there and the rates have been balanced at $90. Litecoin is another great consideration that is expected to do well in 2019.
Ripple (XRP)
Supply Limit – 1,200,000,000 XRP
Ripple is a real-time cryptocurrency system that was created by Ripple Labs, and it has created quite a stir in the market these years and in its preceding ones as well since its onset. Ripple has been a constantly stagnant performer in the bull market, which is why it remains on this list. This currency validates the accounts and balances instantly for the seamless transaction of payments along with a confirmation notification as well.
As of today, the price of XRP stands at $0.50, which makes it one of the cheapest crypto options. There have been close to 15-20% of gains with respect to the dollar comparison and the experts forecast a fresh year for this currency to bounce back stronger than before.
Tron (TRX)
Supply Limit –100,000,000,000 TRX (estimated supply)
Tron has become the very first cryptocurrency in the market that is breaking bread with Ethereum and winning at the same time. It is one of those currencies that has had a periodically good run in the bull market. Moreover, gained a lot of attention and profits. If reports are to be believed, the famously renowned browser Opera would be adding in-built support of Tron wallets shortly.
With respect to the current valuation, Tron stands at about $0.03 as of now, and the year of 2019 would be exceptionally bright since it might touch $0.11. Owing to a massive increase in the block heights coupled with seamless user experience and smart contracts are making Tron, a great contender to the Throne of cryptocurrencies.
Dash (DASH)
Supply Limit –18,000,000 DASH
Since five years post the inception of Dash Coin, it has witnessed a surplus amount of profit after its many years of decrease. Dash recorded a spectacular growth rate of 10.08% over the course of the last 24 hours.
With respect to the dollar rates, Dash Coin is priced at about $134 and has had a tremendous trading growth with a steady increase in currency volume. This year promises to be a good one for Dash enthusiasts since it might be crossing the current market cap.
Conclusion
Cryptocurrencies are definitely gaining a lot of momentum this year owing to positive market outcomes and a lot of industries showing trust in them. It has also been noticed that the total number of transactions has increased year by year, and 2019 would be the point when the market would witness real progress.
