Cryptocurrencies offer the common man a chance to quit the rat race. Unfortunately, the crypto market was slow in recent months. However, there are still cryptocurrencies that will be profitable in 2019. Five of them are listed below. Let us take a look.
Bitcoin is the gold standard in the market for cryptocurrencies. The platform Bakkt will be launching Bitcoin futures in early 2019. Thus, many expect the demand for Bitcoin to increase. Following an increase in demand, many expect the price to increase as well.
Ethereum is extremely popular. This is a type of coin that many people like to buy when they believe that Bitcoin is going up. If you believe that Bitcoin will grow in 2019, you should believe that Ethereum will be close behind.
Additionally, the Ethereum blockchain is one of the most useful. Sure, the recent Ethereum price drop happened because of multiple fake ICOs. However, the market will improve. Ethereum is temporarily paying the price. Though, things will likely get better in the upcoming year.
VeChain is a specialized coin that is Chinese state-backed. The Chinese government is using it in a lot of its projects. And, thus, people expect the value to increase as these projects roll along.
Additionally, VeChain announced many partnerships in China. These partnerships include BYD. For those who do not know, BYD is the biggest Chinese electric car manufacturer. VeChain also partnered with the People’s Insurance Company of China. That will allow the organization to enter into the insurance industry. Above all, VeChain is using hybrid RFID/NFC chips.
The “Internet of Things” slowly gave rise to the “Economy of Things”. Now, the IOTA foundation is developing the Economy of Things. The organization envisions a future of digital devices that will track information. IOTA has a vision of allowing devices to transact without humans. The new devices should be able to share their digital assets in the new economy. The upcoming year will be the year of IOTA. The team is now working on removing the centralized coordinator node.
Banks are increasingly using XRP to send money quickly internationally. Previously, cross-border payments were unreliable and slow. So far, major financial institutions work with Ripple. And, Ripple keeps partnering with banks. No doubt, the upcoming year will be huge for Ripple. Thus, the digital asset will grow in price.
Use your chance to invest in top cryptocurrencies of the upcoming year. The returns will likely be high. So, do not waste your time.