Everyone’s talking about Bitcoin and whether or not we will reach a state of proliferation when it goes mainstream. This is very exciting for everybody, and not just within the crypto sphere. It would mean financial freedom across the globe.
However, there are other coins to watch. Altcoins have more upside potential than Bitcoin in many instances and more use cases. Right now, the Bitcoin price is near the quarterly low, though it is expected to rise in 2020.
BAT was recently promoted by Joe Rogan to his extremely large audience. This is very bullish for this token. BAT already has a lot of support and strong fundamentals. But even better, it is linked to a very versatile Brave browser. This browser comes with increased speed and security features to stop ads and cross-site tracking. Users automatically get rewarded in BAT when they do choose to look at ads. This is an excellent way for the token to gain exposure as it makes it easy for people to store the currency in a native browser wallet without prior expertise. It also comes at a time when the public is increasingly concerned about privacy and digital rights.
Nano is a cryptocurrency that is free to use, ultra-fast, and hyper-scalable. It is technically the best coin out there in terms of architecture. For this reason, many people are saying that Nano and other quick cryptocurrencies are the future of digital finance. Compared to Bitcoin, they are much faster and arguably more secure. But they have never been tested at a larger scale with real traffic, so much of these claims haven’t been validated. Still, the outlook for Nano in 2020 looks great.
Chainlink acts as an intermediary between smart contracts and real-world applications. This might sound niche, but it is actually very important and far-reaching. What is happening right now is that there are several individual blockchains with smart contract capabilities. But these are all disparate ecosystems. Chainlink can act as a bridge between them and external applications. Interoperability is going to be a big theme moving forward. While there is much innovation going on, we need some level of standardization. Chainlink recently partnered with Google, driving its price up by 75% in the process.
Litecoin is said to be to Bitcoin as silver is to gold. This is because Litecoin is faster and cheaper than BTC, while BTC is more a store of value. Litecoin certainly has a lot of upside potential. If Bitcoin increased by 2, Litecoin may jump by a factor of 8 or more. Certain altcoins might jump up exponentially when the market is doing well. Litecoin is certainly one of them. If the Bitcoin price goes up, Litecoin will surely follow, but to an even larger extent.
Monero is the best privacy coin out there, with solid fundamentals and a solid backing. XRP and Stellar are also great coins, but neither of them are trustless or decentralized. They were also created by the same founder, Jed McCaleb. Keep in mind, altcoins can easily go bust, and might not survive in the long-term.