So if you take a look at the market now, you’ll see that it’s dropped below the psychologically important mark of $10,000. With any luck, it’ll pop back up to its 2017 highs later this year, and the general expert opinion on this is that it will.
And there’s good reason to think that Bitcoin will come back to the price and that altcoins too will surge. With how the ecosystem is expanding, and how various projects are making hitting significant functional milestones in their projects (Just think of how quickly BAT has made traction), I think several altcoins - 3 in particular - are going to make great headway this year and the next and explode in price.
There’s a reason why I think so highly of VeChain, even if they get a lot of undeserved crap from the cryptocommunity. For those of you that don’t know, VeChain is a project that is building a supply chain solutions - an area that everyone knows very well is ripe for blockchain technology application. The project has already made headway in several niche areas of the supply chain, like retail fashion, liquor, tobacco and many more.
Big name partnerships? Check. VeChain is working with Walmart China to assist in food safety. Solid development kits? Check. The team has released the VeChain ToolChain. Tangible growth and use? Check. DNV GL, a major global entity in certification, has been using VeChain quite extensively. Dapp development? Check. It’s happening as we speak.
But perhaps best of all is the fact that they have created a fully functional app that provides users with real-time information on an order that they have made, like a dairy product. The app looks really cool and is practical to boot.
There are several things to look forward to with their development goals as well, such as a stronger business ecosystem and collaboration solutions across industries.
The thoroughness and precision with which VeChain is operating in the supply chain makes me very optimistic about the token’s price.
Okay, I think if you ask all but the most ardent of XRP token haters, you’ll find that everyone believes that Ripple really has something going for it. This is definitely because of how they are working with banks and getting them to test their technology in pilot programs on cross-border transactions. Several banks in many different continents have tried the tech and they have almost all responded positively.
And then you have the fact that Ripple’s CEO Brad Garlinghouse has been meeting officials like Christine Lagarde, who said early in 2019 that “Cryptocurrencies are clearly shaking the world.” The Ripple CEO said that Ripple was like “SWIFT 2.0”. With clever portrayal like that, I wouldn’t be surprised if Ripple’s tech became the de facto standard for banks in the years to come.
If you ask me, sometimes I think that Bitcoin, Ripple and Ethereum should all be considered to be “big tokens that are a must buy” because of their effective use case and the fact that they are the best of the best in what they do.
Like the other tokens on this list, XRP really has something to show for its progress. To top that off, they’ve made a lot of inroads with the stakeholders in their particular use case ecosystem.
IOTA is probably the most moon shot-like of the tokens in this list. That’s not saying that it’s unlikely to succeed, but that if and when it does become big, it will do so with a bang. They are implementing spectacular technology with brilliant applications in their use case.
If you don’t know already, IOTA doesn’t use a blockchain, but something called the Tangle, which the team says will work faster as more and transactions on the network happen. This is a very big deal, given that scalability is a huge issue at the moment.
Furthermore, this kind of technology is perfect for the Internet of Things, which is something IOTA is sharply focusing on. Hell, it’s in the name. The number of IoT-connected devices will shoot up in 5 or so years (it’s pretty large already what with home assistants and all) and IOTA’s technology can find several uses here. Vehicles are also slowly becoming smart cars. IOTA’s tech can help facilitate communication of data to automobile industry stakeholders (manufacturers, dealers, garages etc.) and even possibly allow for automatic toll payment at toll booths. The possibilities are huge.
They’ve already partnered with Volkswagen and Jaguar Land Rover, so you can see that incumbent entities believe in what the project is doing as well.
Keep an eye on IOTA. It looks like that they could go big VERY SOON.