Doomsayers and the volatile market have failed to kill the demand for cryptocurrencies. However, not all of them are credible or have similar value. Some are more lucrative or are performing better than others. Here are the top five cryptocurrencies to watch in 2019.
Ripple (XRP)
Ripple’s XRP is currently the third most valued cryptocurrency. It is said to be the “bridge currency” between various fiat currencies. A person in one country can convert his/her local currency into XRP and then send it to the recipient who can covert the received XRP into a currency of his/her choice. Unlike other cryptocurrencies, XRP cannot be mined; only its creators can generate it. Moreover, once an XRP is used in a transaction, it can’t be used again. Ripple has released 100 billion XRP coins till now.
Launched in 2013, XRP quickly gained considerable attention due to its technological sophistication and fast transaction settlement rate. As of July 26, 2019, Ripple had a market cap of $32.27 billion, and on the date, it was trading at $0.32. It is being predicted that the value of Ripple is likely to touch $ 1.20 by the end of 2019. Banks are most likely to drive demand for XRP.
Tron (TRX)
Launched in June of 2018, Tron aims to make its TRX coin the currency of the decentralized internet and gaming platforms. In a short time, Tron has become the most preferred network for dApp users due to its fast, cost-effective system. The transaction rates are almost zilch. Like Ripple’s XRP, TRX, too, cannot be mined. There are currently 66.75 billion in supply.
Recently in May, Opera announced its intention to support TRX within its browser, which is likely to boost its growing popularity further. As of July 26, 2019, Tron had a market cap of $1.55 billion, and on the date, it was trading at $0.023. Some reports suggest that TRX could trade higher this year, and it might touch a new high of $0.042.
Litecoin (LTC)
Litecoin, or LTC, has been one of the best performing cryptocurrencies since its creation in 2011. The peer-to-peer virtual currency is considered a credible rival to Bitcoin. And, over the years, it has developed plenty of advantages over the original crypto coin. One of them includes the faster processing speed. Litecoin processes blocks every 2.5 minutes, which is 4x faster than Bitcoin’s.
Almost 80 percent of Litecoin has already been mined, but it does not mean that it would be dead soon. There are still a lot of them to be mined. As of July 26, 2019, Litecoin had a market cap of $6.01 billion, and on the date, it was trading at $95.72. Its price is going to keep fluctuating in 2019.
Stellar Lumens (XLM)
Stellar’s native digital asset is called Lumens (XLM). Introduced in 2014, it helps facilitates the transaction of all types of currencies on Stellar’s network at a very low fee. XLM supply is based on fixed protocol-level rules, and currently, 19.61 billion lumens are in supply out of the 100 billion available.
Lumens has got the support of prominent companies such as IBM and Deloitte. As of July 26, 2019, XLM had a market cap of $1.75 billion, and on the date, it was trading at $0.089. Stellar Lumens has shown a price surge in recent months. Some have predicted that there might be a boom in the coming weeks, with its value rising to $0.100.
Binance Coin (BNB)
Binance Coin (BNB) is an ethereum-based (ERC-20) token created by Binance cryptocurrency exchange in July 2017. Users can use it to trade other cryptocurrencies as well as to pay for fees within the Binance exchange. BNB’s supply is capped at 200 million tokens, with Binance planning to burn 100 million tokens over time in order to steady its value.
BNB is one of the best performing cryptocurrency of 2019. As of July 26, 2019, it had a market cap of $4.54 billion, and on the date, it was trading at $29.11. It is being speculated that Binance Coin’s price would continue to increase. It might be around $47.54 by the end of 2019. Experts believe that BNB’s popularity would continue to grow dramatically.
