Make no mistake; even with the looming threat of Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and other altcoins crushing, the cryptocurrency market is set to bounce right back up. In fact, it’s already happening with the price of Bitcoin gaining after a market bloodbath that saw its price go below the $10,000 mark.
It’s not the first time the market value is plummeting neither will it be the last, and although its impossible to accurately predict market movements, you can certainly bet on the utility of Bitcoin and any other cryptocurrency to determine whether they are a worthy investment.
With that being said, we looked up three alternate coins that have a promising future in 2018 in regards the to real-world solutions they deliver.
Check them out.
Ripple has had a good rally in 2017. With a maximum supply of 100 billion XRP, a circulating supply of 38.7 billion, it is ranked as the 3rd largest Cryptocurrency at the moment and for a good reason.
Ripple is by no means a new kid on the block. In fact, out of the tremendous growth of the overall cryptocurrency market experienced in 2017, XRP stands out with a growth margin that went up by about 30,000 percent. That’s amazing, right? Well, there is more.
Ripple (XRP) offers speedy transactions, especially when compared to Bitcoin and other top cryptocurrencies. Plus, it is backed by a team of experienced financial experts that appeals to traditional financial institutions due to the company’s centralized approach.
Ranked at number 225 on CoinMarketCap, this altcoin claims to be the all in one multipurpose coin with instant private transactions and close to zero fees.
The altcoin was launched in 2014 and is built to be an ASIC resistant coin making it profitable to mine with a GPU. Furthermore it claims to be SEGWIT and lightning network ready meaning it solves the issue of network congestion that Bitcoiners have been grappling with for some time.
With a total supply of 150 GRS and a circulating supply of 69 million coins, this altcoin boasts of being among the few coins that can be sent or received through SMS. This is definitely a coin to watch considering it’s easy to mine and transact with (key ingredients for a mainstream uptake).
VeChain is currently ranked number 27 on CoinMarektCap and has a total supply of 867 million VEN coins with a circulating supply of 277 million VEN.
Just like the Bitcoin Foundation, VeChain comes with a foundation whose purpose is to establish a sustainable development of the platform. It has a b2b focus that seeks to offer Blockchain as a service to other entities.
VeChain (VEN) aims to leverage the power of Blockchain to develop a trust less, scalable and transparent ecosystem to improve interoperability between different organizations through IoT. The reason why it’s worth watching is that it’s an altcoin that sets itself apart with a centralized government friendly approach that allows easy experimentation of Blockchain’s utility by centralized entities.