Life after BitCoin halving - My top #5 alts to watch out for..
Hi guys,
As all of you know bitcoin halving is about to go down:
The last time this happened, price soared up to $ 1200 for a BTC and eventually dumped back to $200 - $400.
So whats the next alternative choice during the dump? Here are my choices:
1 - Ethereum
Ive been following ETH for quite sometime including loosing some investment in all the DAO fiasco and the following ETH dump. But even with all the negativity, ETH still remains the one to beat. Its got a solid foundation with probably the largest number of followers. Let everything settle down after HF or SF and things would be back up.
The future certainly looks good with all the ETH based cryptos that are coming up.
eg: Wings, BOARDROOM, ETHEREX and many more to come..
2 - Waves
This has been the probably the best run ico till date. Even though there were pumps and dumps lately, the future certain looks good for waves. If you take a look at the buy-sell charts, the sell orders are in very small numbers but the buy orders are huge. Once the applications come out, things will surely get interesting.
3 - Steem
Steemit.com have been a revelation with lots of users adopting it. The reward system has always been in existance, but the first with crypto payment is really exciting.
4 - Ripple
You cannot ignore the fact that ripple has made some historic leaps lately. Even though the price has been steady and still on the cheaper side, the fact that financial institutions have adopted ripple means this could be heavily used in the future. What makes more interesting is the fact that for every ripple transaction, a tiny amount of ripple is burned forever. So even though the total available supply is still huge, things could blast in near future.
5 - Storj/Sia
The service that Storj and Sia offers is a very niche one and one that has huge potential. Whoever that pulls ahead will win this space. Earning money by lending out extra storage space would definitely be appreciated by everyone.
Thats it for my top #5 coins to look out for other than Bitcoin.
Would love to get all your thoughts and please do add your top #5 as comment.
Personally I think that 'MAIDSAFE' is the best altcoin to invest in right now. A decentalized internet, you just can't beat that.
I am holding MAID for few months now. Price is good. Other than trading, are there any other applications for MAID. I maybe totally ignorant here. Please do add if you are aware of anything.
Maidsafe are esntially trying to create a private and secure, decentralized version of the internet, Which includes and is not limited too, Cloud storage, website hosting and smart contracts. The currency itself will be the fual for the network by rewarding people for essentially renting out some of their free hardrive space to the network (Farming). This currency can then be traded, exchanged or used to buy network space. High levels of encryption will be implemented into the network so that no readable piece of information would ever be stored on one persons hardrive. This currency is truly revelutionary. Although It's still in development, It's not far off completion and when it is finished and in full swing, I expect that the value of the currency will skyrocket :)
You didn't think Dash? just out of interest because that is one I'm following closely and increasing my holdings....
I do hold a very small hand in that. But im not aware of anything that coming in near future that may drastically change the price? Please do add it here if you are aware of anything.
Btw, great read none the less :)
I think as a currency it holds a lot more over other, it doesn't add other value but its privacy is higher than the others. There is nothing in particular coming to it but it has instant confirmations (unlike BTC), the second level of encryption on the transactions. Because they pay the master nodes as well as the miners they have seen an increase in the nodes while BTC is experiencing a decrease in nodes. And they keep 10% of what is released as it is released allowing them to essentially pay and employ people. They recently acquired a weekly presenter (Amanda B Johnson - from the daily de-crypt) which means they are now getting their youtube channel in the top 5 results for bitcoin videos for the past two weeks. It also means that they can employ more developers which they are currently looking for.... It does centralize it a bit but adds a huge difference and potential over pre-mined coins. Also X11 ASICS are starting to come out.
All interesting points that may increase their value. They even purchased a vending machine to demo the instant confirmations :)
Not my video:
That is really cool. I was not aware of that. Thanks for sharing it here..
No worries, didn't know about waves so knowledge gained there :)