Bitcoin and Etherium have had a good run in the cryptocurrency world and, while we don’t think they’re going anywhere, per se, it’s time to let the altcoins shine. And we can’t help but scoff at the rumblings of a Bitcoin bubble that’s about to burst, as the growth in this type of currency in the last year certainly says otherwise. Some of them have more promise than others and, if you’re in the market and are thinking of investing, we can help. Read on for our recommendations for five underdog altcoins that are on the rise.
1. Verge
If you know anything about the value of cryptocurrencies, you might be surprised to see this one on the list. It is only ranked in the 22nd spot in market value worldwide. However, its unparalleled technology and privacy features are what have driven this currency’s incredible growth. In fact, those who invested in Verge early on have seen tremendous growth in recent months. And while other altcoins have impressive privacy features, Verge is the first to introduce the Wraith Protocol. This is an on-demand privacy feature that will allow users to choose whether they want each of their transactions to be anonymous.
2. EOS
This can be considered an Ethereum challenger, and it’s packing a powerful punch. Some are saying that this altcoin is the one that will finally take Ethereum down and end its reign at the top. Not only is it the 10th most valuable coin worldwide, but it also offers two distinct advantages over Ethereum. It is able to process over 100.000 transactions per second, and it handles these transactions without charging fees.
3. Siacoin
Privacy-lovers and those who hate thinking about this possible move towards paying for the internet will especially love this option. It costs almost nothing to store (an entire TB of date costs you only $2 per month!) and is spearheading the movement towards personalized, private, and most importantly free internet. You’ll need to use a program called Blockchain to pay for this service, and we can point you in the right direction on where to buy Siacoin.
4. IOTA
Do you grow up watching The Jetsons? If thinking about cars that fly and holograms that talk is your jam, you’re going to love the futuristic nature of this altcoin. Don’t let its occasional dip in the market fool you, as the high-tech features of IOTA will soon prevail. As this usaCommerce.com article notes, “In the not-too-distant future, there will be machine-to-machine transactions. As the IoT blossoms more and more, our cars, refrigerators and wrist watches will be talking to each other—as well as buying from each other.” Whoa, right? Add in the fact that transactions are free it holds the ability for providing offline transactions and the potential here is through the roof.
5. Ripple
This one is a bit controversial, as true cryptocurrency people don’t like that this altcoin still has ties to traditional banking. It also was one of the only ones that held fast during the crash or correction this past December. While some turn to cryptocurrencies for true decentralization, Ripple is the only form that deals directly with banks and continues to sign partnerships with companies like American Express. This is important as, if the worst case scenario happens and cryptocurrencies are outlawed by the government, Ripple will still be safe.
Also Read: What is Crypto Mining and How it Works – A Beginners Guide
If you’re already considering investing in altcoins, these underdogs are worth a first and second look. With social media giant Facebook even getting in on the cryptocurrency movement, you know it’s not likely going anywhere any time soon. While some of their rises are a bit more subtle than others, these are the five cryptocurrencies in 2019 to watch out for.
