Starting with 2017, the crypto universe has experienced a drastic increase in altcoins, ICOs, and overall adoption. With over 2000 cryptocurrencies, it’s safe to say only a few have a truly reliable foundation and vision.
Even so, there will always be some cryptocurrencies that bring unique technologies to the table aimed at solving real-world pressing issues.
The best 12 altcoins to invest right now
These altcoins have the greatest potential of being successful in 2019 and even further in time. Below we’ll discuss the top 12 altcoins for 2019 (in our opinion) – all of these crypto coins have a good chance of surviving the bear market and developing as intended. As a note before diving in, you should do your own research before investing in any cryptocurrency. This is not financial advice, it’s just our own opinion.
Ripple is no. 3 on the list of cryptocurrencies by market cap, right after Bitcoin and Ethereum. The venture-backed startup didn’t have an ICO and provides a global financial settlement service which allows banks to perform direct cross-border transactions.
Ripple is focused on large institutions offering a simple and robust solution for cross-border payments. Large banks have already partnered up with Ripple with more looking to join.
Because it never held an ICO, Ripple was not declared a security, thus it’s safe from SEC regulation. The fact it also receives powerful institutional support gives XRP a chance to thrive in the future despite the immense competition.
Stellar is looking to give individuals an efficient, fast, and low-priced cross-border payments service. You could think of Stellar as the Ripple of individuals.
The online payment sector is governed by large companies such as Paypal who charge approximately 5% transaction fees. Stellar provides incredibly low fees and transactions speeds of 5 seconds. This network uses the Stellar Consensus Protocol so it doesn’t rely on the Proof-of-Work algorithm. This also means it doesn’t face any of Bitcoins energy consumption issues.
Last but not least, Stellar is already collaborating with large tech companies such as IBM which is all the more reason to consider investing in it long-term.
The Ethereum network is a brilliant technological advancement but it still has one major drawback. To develop DAPPs on Ethereum, Solidity needs to be used to code smart contracts. It’s safe to say, finding a Solidity developer is no easy feat as this isn’t a broadly used language, at least not yet.
EOS wanted to fix this problem so it offers services to developers, such as database and account management, with no need for programming skills.
EOS has other interesting traits such as its speed and scalability which are superior to Ethereum’s. Transactions performed on EOS’s blockchain are free, unlike Ethereum’s which are paid with gas.
This network also has an amazing community. It’s also worth mentioning the coin is not mined as block producers are voted in by the community.
Recently, EOS finalized a prosperous token sale and raised the capital needed to sustain its development.
Cardano is a new platform with high ambitions and a very solid team. The father of Cardano is Charles Hoskinson, former co-founder of Ethereum, Ethereum Classic, and BitShares. Needless to say, it has a very strong name behind it and a stronger team that proved over and over again they are building a top tier platform.
It’s speculated that high profile investors have invested heavily in Cardano and we can understand why – it’s a 3rd generation blockchain that has a lot of tech behind it, a strong team, a very ambitious vision and by the looks of it, they developed a very strong product.
Basic Attention Token (BAT)
BAT was founded by a team of highly regarded people with a lot of experience in the tech world. The token is a unit of account between advertisers, publishers, and users. Synonymous with BAT is the Brave Browser, which integrates with the BAT token.
The browser can repel malware and protect the privacy of users while they surf the web. The BAT whitepaper banks on the fact users will welcome a browser that blocks trackers and ads that sell their personal information. I would tend to agree. This is why I think BAT is likely to be a good long-term investment and it will be widely used.
Also, known as the “Ethereum of China”, NEO is a non-profit community-powered blockchain project. It relies on the blockchain and digital identity to digitize assets and automate their management using smart contracts.
Despite NEO’s nickname, it’s different than Ethereum in many ways. While the ecosystem is growing, there are significantly fewer DAPPs launched on the platform compared to ETH.
One of the main reasons behind this is that launching DAPPs on NEO is much more expensive than launching them on the Ethereum network. Nevertheless, the quality on the NEO platform is much higher.
The network has partnered up with Ontology, a company focused on linking governments, businesses, and individuals through digital economy, and Elastos, an organization working on a new blockchain-powered Internet that would have increased security allowing transfers of value.
Despite this year’s bear market, NEO’s community is as strong as ever and it’s also tightly integrated with the Chinese government which is incredibly important. In light of this information, NEO’s future looks bright.
ZEC has robust cryptography and privacy technology offering truly private transactions.
Zcash might excel at providing financial anonymity but still doesn’t offer real-time double-spend protection just like Bitcoin. However, it is able to commit cross-chain transactions which means you can use the protocol to exchange other cryptocurrencies as well.
Furthermore, the development team has discovered technical advancements which could lower memory consumption of transaction privacy by 98%.
The number of decentralized exchanges (DEXs) has started to grow exponentially. DEXs are built using the 0x protocol, an open protocol which allows direct trading of ERC20 tokens on Ethereum’s blockchain. It’s easy to see why 0x would make a solid investment.
Furthermore, it looks like 0x is eagerly hitting their roadmap milestones and was built using several libraries which makes it more accessible to developers.
Nano is a cryptocurrency that’s built as a means of payment, similar to Bitcoin. The currency uses a block-lattice structure, unlike the conventional blockhain, it creates a “personal” blockchain for each account (account-chain).
It’s one of the few cryptocurrencies with actual possible real-world use cases. It has the NO actual fees, unlimited scalability and it achieved transactions speeds of over 6 million transactions per day. Nano is highly praised by a lot of people and has the potential to become a top 10 cryptocurrency by the end of 2019.
Monero was created in 2014 so it already managed to survive the 2014-2015 bear market. This cryptocurrency is focused on decentralization, privacy, and fungibility.
Monero’s main use case is “native asset digital money” so it has the potential to survive this year’s bear market as well. After all, it doesn’t seem like the demand for private transactions will end any time soon.
The platform has robust transaction schematics using stealth addresses and ring signatures to make transactions private. While the PoW algorithm does have its own set of issues, Monero using it means XMR will always have some value, at the very least the cost of energy needed to mine it.
Since Monero was built on principles of decentralization and privacy, it benefits from strong community support and it’s currently one of the safest long-term investments.
Ethereum Classic (ETC)
If ETC had just one reason to survive it would be the fact Ethereum will shift to a Proof-of-Stake system. PoS might be fairer, more decentralized and friendlier when it comes to power consumption but not everyone will want to use it.
Those who prefer PoW consensus will surely make the switch from ETH to Ethereum Classic, so for now, ETC remains a good altcoin to invest in. Combine this with the fact that it was added to Coinbase, makes it a more stable investment.
Last but not least, Litecoin has survived the harsh crypto market since 2011 and is still in the top 10 based on market cap. LTC borrowed the best of Bitcoin but also added improvements such as faster mining times for new blocks.
The decentralized P2P currency has strong brand recognition, proven technology, integration with the Lightning Network and last but not least, a long history of surviving bear markets.
As Litecoin shares a lot of Bitcoin’s code, it benefits from BTC’s continuous development. Lightning Network integration will add some interesting features such as converting LTC to BTC and vice-versa.