In December 2017, the value of Bitcoin exceeded $20,000, and even those who were not interested in cryptocurrency thought about investing in it. Experts have announced a big future for virtual coins. Many of them announced positive forecasts about Bitcoin for 2018, guaranteeing future price increases, thereby increasing interest in mining cryptocurrencies and the possible recognition of such electronic money in different countries.
However, in the beginning of 2018, something unforeseen happened - the course collapsed sharply. By early February, the value of BTC fell below $7,000. Despite the slight jumps, the price of a virtual coin was affected by a bearish trend, which seriously disturbed both potential and current investors. By mid-summer, the price leveled off, and in July 2018, finally, a bullish trend prevailed. Now Bitcoin capitalization is 110.4 billion dollars.
According to Saxo Bank, the price of Bitcoin will exceed $45,000, but at the end of winter the currency will collapse, and the cost of one coin will not exceed $1,000.
Masterluc, a well-known trader, promises that the price of cryptocurrency will pass the mark of 90,000 dollars.
The implementation of the coin in 2019 will be much more intensive than in previous years, as well-known brokerage companies such as Robinhood began to support operations with this currency.
Ethereum has unique capabilities compared to bitcoin. First of all, it is a platform, not a digital currency like Bitcoin, which works on smart contracts. On this platform, the functions of the application are similar to the programmed functions, that is, without the intervention of third parties, fraud, and so on.
Ether (cryptocurrency based on Ethereum block changers) is based on smart contracts. These contracts are perfect for any online wallet that uses the standard coin API.
In 2014 Ethereum took second place in terms of the amount collected through crowdfunding. The size of the Ethereum blockchain as of the end of May 2018 exceeded 350 GB. In January 2018, the cost exceeded $1,300 for 1 Ether, and in September dropped to $200.
Although the Ethereum blockchain is the second most popular in the cryptocurrency industry, it actually has several issues regarding scalability.
Scalability is the number of transactions that a blockchain can handle per second. Ethereum is able to process only 15 transactions per second. In the early days of the project, this was not a problem, since not many people used it. However, since over time Ethereum became more popular, scalability became the biggest problem present with the Ethereum blockchain. To give you an idea of how big the problem is, the NEO blockchain can process up to 10,000 transactions per second. If Ethereum developers do not solve the problem of scalability, organizations may consider using other blockchain technologies to host their smart contracts and dApps instead of Ethereum.
If organizations begin to abandon this technology, the price of ETH will drop abruptly, so this issue is of paramount importance. Fortunately, the Ethereum developers are fully aware of this problem, they are in the process of making significant changes to the technology.
According to forecasts of independent analysts, the cost of Ethereum in 2019 implies a twofold increase in quotations. Experts expect fluctuations in the cost in the near future within 1000-1500 USD/ETH. The most optimistic scenario provides for a rise in price of cryptocurrency to 2500-3100 dollars.
At the moment, EOS is just beginning to develop, this cryptocurrency has not yet had time to gain potential.
EOS is a framework for decentralized applications that facilitates transactions using intelligent contracts. This ensures maximum trust and transparency throughout the decentralized exchange.
EOS software allows you to integrate Blockchain technology, which helps to better scale decentralized applications. In addition, it provides a new database, account, authentication, and other functions in different CPU cores, allowing you to perform millions of transactions per second. EOS also helps eliminate user fees and simplifies the deployment of decentralized applications.
EOS allows Ethereum developers to copy and paste their projects into the EOS network. This allows simple Ethereum-based projects to switch to new technology.
EOS retained first place in the latest ranking of public blockchain projects issued by the Chinese government. Already during the third month, EOS retains its first place on top of the rating.
EOS is a commercial class blockchain designed to support millions of users. Platform software introduces a new blockchain architecture that facilitates vertical and horizontal scaling of decentralized applications.
Some of the key features of the platform are: accounts, authentication, databases, asynchronous communication, application planning on hundreds of cores or CPU clusters.
According to forecasts of independent analysts in early 2019, the price of 1 token will be 20-30 dollars, after a second jump in the first half of the year - up to 50 dollars. By December 2019, $100 per token is expected, without subsequent changes in the exchange rate.
Litecoin is one of the oldest cryptocurrencies that has one of the largest market capitalizations. Litecoin was created in October 2011 by Google’s former engineer Charles Lee. He worked at Coinbase from 2015 to 2017.
This cryptocurrency has peer-to-peer access, it provides almost zero commission in any part of the globe. Litecoin is useful for everyday shopping. Because of the low price, Litecoin is the best option for young investors who want to enter cryptospace.
Walletinvestor, a website that deals with technical analysis of various cryptocurrencies, predicts that by the end of 2019 Litecoin will cost about $400. Analysts say that Litecoin is a good investment option for the long-term - in 5 years its value will exceed $1,100. According to their technical analysis, they are investing now, in 5 years your profit will be 425%. Another technical analysis website believes that if Litecoin crosses the $220 mark, a further price increase for all cryptocurrencies is inevitable.
The Litecoin algorithm allows you to create 84 million Litecoins. This is 4 times more than the same Bitcoin, which reflects the 4-fold advantage of speeding up transactions.
Litecoin, like Bitcoin, uses a validation algorithm, but while Bitcoin uses the SHA256 hashing algorithm, Litecoin uses the scrypt hashing algorithm. Scrypt gives a significant advantage in confirming transactions, which increases the efficiency of mining.
In other words, Litecoin is in many ways an improved Bitcoin, though not so much popular. Litecoin forecast for quarters of 2019: Q1 of $90, Q2 of $170, Q3 of $280, Q4 of $340.
Ripple is a unique cryptocurrency and the best solution for corporate problems. This technology facilitates the exchange of digital assets, global payments, connecting banks and payment providers.
Since Ripple is the most affordable cryptocurrency, it can boast a simple and affordable transaction system.
Ripple can process 1500 transactions per second, which is several times more than Bitcoin (Bitcoins can process up to 7 transactions per second). Ripple technology is strong enough to replace international payment systems such as VISA, while reducing cost and instant data transfer.
A large number of banks from around the world are actively working with Ripple to implement their technologies in the payment infrastructure. This makes Ripple a more attractive technology, investors believe that XRP is a relatively safe currency compared to other cryptocurrencies.
In 2017, the XRP price rose rapidly during the first half of the year. Investors interested in digital currencies, like in the safe havens for their assets in the long run, consider Ripple as the ideal option.