Top Crypto Assets to Buy in 2019? These Coins Are Thought to Be Severely Undervalued
Bitcoin investing was hurt by the bubble burst of 2018. It scared off a large number of people who were interested in the technology, and it has taken some time for the venerable digital asset to bounce back. It is currently inching ever upwards, and many are predicting a new bull market with the bears finally deciding to hibernate.
However, due to Bitcoin getting almost all the press along with Ethereum, other coins are getting overlooked. Bitcoin went from being the de facto coin, to “just the largest” since the bubble burst almost a year and a half ago. The market as a whole is growing more than Bitcoin itself, and the lead that the mother currency has is slowly slipping.
So here are three alt-coins that are ready and primed for explosive growth this year, and they are definitely coins that should pique your interest. Be you a trader or an investor or just a casual looking to get into the crypto game, going with one of these three coins is a good way to kickstart (or adjust for those with more experience) your involvement in the cryptocurrency market.
While Cardano has been subject to the whims of Bitcoin as much as any other coin, it also has its own news cycle that helps it grow quite apart from the king coin. This is something that happens to every coin with a good business based blockchain. Well, Cardano has been lucky in the last few days, and it is about to get big on the international stage.
Investing now is a priority as the founder of Cardano has just reached a landmark moment in the development of the coin by signing a Memorandum of Understanding (MoU) with a sovereign nation. The nation in question is Ethiopia, and it is a perfect test bed for a cryptocurrency to become a part of the social fabric of everyday lives.
The initial plan s to use it to power transaction in the capital city of Ethiopia Addis Ababa, and slowly move out to the rest of the country following that initial test period. The government is looking to use the coin to accept utility payments and for use in public transportation. This is a giant move as once the government is accepting cryptocurrency as legal tender, it will be easy enough for your average merchant to hook up to the system.
In fact, due to the decentralized nature of blockchains, it will be even easier than with traditional payment systems that are reliant on outdated methods of money transfer. If you hurry, you can still get in on the Cardano action!
The first coin to come out of a Bitcoin fork has seen better days. That doesn't mean that this coin isn't poised to become a force to be reckoned with this year though. The number of transactions using Litecoin has been steadily growing, and the coin itself has been an immense surge in price over the last few months. In fact, it is the fastest growing alt-coin in the top 10.
However, for those that think they might have missed the boat, here are two very solid reasons why Litecoin is a must buy right now and will allow people to reap immense profits by the end of the year.
The first reason is the halving of the coin. Experts across the industry are claiming that this halving will have a positive impact on the price of the coin as it becomes rarer while the transactions increase. The growing demand regardless of this would have pushed up the rice, but with the halving imminent, it will put upward pressure on the price even more.
The second reason is the introduction fo the MimbleWimble protocol to help the currency become more anonymous. In an age when many coins are openly letting governments track users, this kind of move will help those who truly care about their privacy. Instead of launching a privacy coin, people can simply use Litecoin as before, only with added security.
Tron is aiming to be THE network for entertainment. It is already gaining heavy traction in dapps, and with good reason. It is a network that is far cheaper, and far faster than Ethereum. The launch of the BitTorrent token has helped propel Tronix (the native coin of the Tron network) to new highs.
Justin Sun, CEO of Tron has been in the news fairly frequently recently about ongoing projects and this year is shaping up to be a big one for Tron particularly in light of entertainment services banning “undesirables” such as Youtube and Patreon.