2018 Altcoin Apocalypse: 7 Cryptocurrency Tokens with Best Odds of Surviving?
These are the coins that can survive the Altcoin Apocalypse
Despite all the progress that some cryptos have made, the fact remains that 2018 has been nothing short than a bloodbath for most coins. Despite the increase in interest, activity, development, partnerships, and many other aspects, crypto prices continued to drop for almost eight months straight.
While many larger coins still manage to hold on, a lot of altcoins have sunk far too deep ever to hope to return to their former glory. This has happened before as well, although on a slightly smaller scale. To see the proof of this, all you need to do is compare the current market with the one from 2014, for example.
The chances are that you won't recognize more than three coins on the list from 2014, and even those are Bitcoin, Litecoin, and Ripple. Back then, the market was much, much smaller. Its total market cap in those days was only $2 billion, which is 100 times smaller than it is today. And even today's market was 4 times smaller than it was eight months ago.
Obviously, these fluctuations mean death for a lot of coins. However, not all of them will disappear, and there are some cryptos that you can still safely invest in, knowing that they are almost guaranteed to have a future. Today, we are going to list some of those coins, and help you make a better decision when you next decide to buy a coin or two.
Cryptos That Can Survive The Altcoins Apocalypse
Before we start listing the coins, we will quickly cover the methods of determining which coins can survive in a bear market. There are several aspects to consider, like the coin's actual products, the strength of their communities, who supports them, their team, and alike.
Additionally, when it comes to the coins themselves, their chances of success can be determined by breaking them up into three categories — the cryptocurrency (use cases, history, and alike), the platform/protocol, and dApp tokens. Now, let's see which of these coins might stick around despite the bear market.
Stellar Lumens (XLM)
This should come as no surprise to anyone even remotely familiar with Stellar since its very protocol is designed to become necessary after you try it once. Its goal is to improve international transactions by making them faster and more efficient. Additionally, it allows issuing new tokens through ICOs, DEXs, and even the creation of dApps.
Its products are needed in the modern market, which is why Stellar is not going anywhere. It was born during a bear market that lasted for two years, which means that XLM knows how to survive in it. It has a strong system, supportive community, multiple real-world use cases, and a partnership with IBM that is not only there by name, but actually works with Stellar on bringing a better future.
Many see Stellar as an alternative to Ethereum itself, especially when it comes to launching new ICOs. With all of this in mind, Stellar will likely be one of the coins that will remain on the top cryptos list for years to come.
Next, we have EOS, which is a blockchain dedicated to smart contracts. It was created by Block.one and Dan Larimer, and it focuses on scalability, speed, and improving the user experience.
EOS can and will survive due to its focus on scalability, which is something that most cryptos have been lacking since Bitcoin first appeared. It's also well-funded, has a strong community to support it, and has made significant progress by launching its mainnet, even though it was off to a rocky start.
Its DPoS (Delegated Proof-of-Stake) consensus mechanism provides high throughput, with no fees for its transactions, which is a big deal right now. This has led to EOS becoming the busiest blockchain transaction-wise ever since its mainnet went live.
NEO is often seen as the biggest competitor to EOS, at least when it comes to which one will kill off Ethereum first. It is a community-driven blockchain project that has a goal of digitizing real-world assets and making the management of digital assets automated. It does this through smart contracts, and its ultimate aim is the creation of a smart economy on a global level.
It is also often referred to as Chinese Ethereum, due to its popularity in this country. However, despite the name, the two are very different in reality. NEO can survive in the bear market due to its robust ecosystem, long and complex history, support from China, and a strong community. Its ecosystem is a fast-growing one, and it already launched over 66 dApps.
This may be small when compared to Ethereum, but the quality of its dApps is much better than the quality of ETH's dApps. Obviously, NEO values quality over quantity and the launch of dApps is much more expensive on this blockchain than on Ethereum's. This may sound like a bad thing at first, but it actually helps with filtering dApps, and only the serious projects can break through this costly barrier.
Monero is privacy-focused crypto, and it values decentralization and fungibility. It is also skilled at surviving the bear market, since it was created in one, back in 2014. The matter of privacy on the internet will likely never go away, and there will always be users who wish to keep their transaction closed to the eyes of the public, and more importantly, the government.
This is why there is high demand for cryptos like Monero, which keep your transactions your own business. While many claims that such privacy coins for used for illegal purposes, this is far from being their only use case. True, high levels of privacy do attract criminals, but they also protect free speech and fungibility.
Without free speech, the democracy as we know it could not exist. This is why Monero will always be needed in the crypto world, and why its survival is guaranteed.
Waltonchain project developed by China and Korea, with focus on combining blockchain with IoT. The idea is to create Value Internet of Things, or VIoT, which is to be a believable, genuine, and traceable business model that can share data and information regarding transport, and thus revolutionize the shipping industry.
The project is much more than that, even though it is often regarded as nothing more than a supply chain project. It focuses on logistics, retail, manufacturing, and it has a potential to eliminate problems like smuggling and theft. This is an industry that will always be around, and the coin that dominates it will share the same fate. That is why Waltonchain can survive, even if the market continues its bearish trend.
Binance Coin (BNB)
Binance Coin, as the name suggests, was created by Binance the largest crypto exchange in the world. It is actually created on Ethereum's network, as an ERC-20 token. Its users receive a large discount when it comes to exchanging fees if they pay with BNB. Because of this, the coin has become very popular, and its circulation basically never stops.
It will survive simply because it was created by Binance itself. Exchanges are one of the most important aspects of the crypto world as it is. Add to that the fact that Binance is the biggest one around, and you get a guarantee that pretty much all of its products will exist for as long as the exchange itself exists.
Additionally, Binance constantly continues with its plans to expand, which will only make it bigger and more influential. They also burn some of their BNB tokens in each quarter, thus reducing the coin supply, and increasing the coin's price.
Finally, we come to LTC. This is decentralized P2P crypto, which came to be as a modified Bitcoin. It was created even before Ethereum itself, back in 2011. It survived so long because it got a lot of experience with bear markets since it lived through so many of them. It has a proven tech, strong brand, it already signed up for integrating the Lightning Network, and it has a direct connection to BTC.
It is the only coin apart from BTC and XRP that is still at the top, after four years of all kinds of storms that have hit the crypto world. It is also often called a ‘silver to Bitcoin's gold'. Generally, the coin is very good, with strong roots, and even stronger community. It is also technologically advanced and innovative, which will definitely secure its place in the crypto world.