The recent rally of Bitcoin prices up to $ 3000 was interrupted by the inevitable corrections that made cryptocurrency experts to talk about the probability that other cryptocurrencies or altcoins will soon become leaders in the digital currency markets.
Most of the top altcoins have followed its "big brother", which was seen by the growth of prices in may and June 2017. Moreover, in may almost all the top cryptocurrencies have shown incredible growth in market capitalization.+
Coinidol.com turned to the experts in the field of blockchain and cryptocurrency to know their opinion regarding the possible future of the industry. Some of them said that although Bitcoin and occupies the main part of the capitalization of the cryptocurrency market, other coins also have very good prospects. Some of them can even surpass the results of its "older brother" and took leading place as the most popular, secure and fastest growing coins.
The Ethereum breathing down my back Bitcoin
Right now the main competitor of the world's largest cryptocurrency Bitcoin is Ethereum (ETH). When Bitcoin goes down, Ethereum holds the positions or even more expensive.
As of June 11, the Bitcoin price has fallen and moved to other altcoins in the stage of price adjustments, Ethereum could survive and continue to grow.
Some experts in the cryptocurrency to bet on the Ethereum in the near future.
Sam Cole (Sam Cole), blockchain consultant with Seao to Sweden and former co-founder of KnC Group, commented:
"Bitcoin is ahead of the other cryptocurrencies, such as ETH, which still have space for growth."
Frank Espinoza (Frank Espinoza), the Director Coin Capital Group, Australian company Capital Management, responsible for portfolio management scriptaction through the use of advanced statistical analysis, says that one of the reasons so rapid growth of Bitcoin is the massive introduction of the technology of the blockchain. However, in his opinion, altcoins will soon become leaders, and Ethereum will become a key player among them. He said:
"The price of Bitcoin will drop significantly and will remain at this level between 2018 and 2019, because I think that soon people will realize that there are better altcoins that are much more reliable, safer and more efficient current Bitcoin technology. Thus, people will leave the gold standard Bitcoin, sell it, and buy and raise the prices of other altcoins".
Frank Espinoza said that one of the key players among altcoins, at least for the next three years, maybe Ethereum. He continued:
"He currently provides technology that no coin can not offer at this level".
Carlos Mosquera of Banatul (Mosquera Carlos Benatuil), the General partner of Solidus Capital, noted that the possible hardwork of Bitcoin can lead to alternative scenarios for the future market of cryptocurrency systems. He said
"However, even when the majority of arriving new investors do not understand the basics of bitcoin and altcoins, the threat of real BTC hard forks, and rumors seem to spread faster. So some of them are preparing for a possible split. If that happens, perhaps the two new coins will thrive because of each of them too much money, and the newcomers just buy what they see. We also believe that although at the moment there is a temporary bubble, these prices are still low compared to what we expect to see in the next 3-5 years. This is only the beginning. We expect an increase of no less than 5-10 times of the value of the ecosystem in the next 3-5 years. In addition, we think that in the short term, he will get the lead in market capitalization. And, likely, ETC will establish a strong leadership position."
He continued that this is the time to start investing because it is such an opportunity can fall one time in your life to get into one of the epochs of the mass to create value and wealth in history.
Growing up the younger brother
2017 was very positive for the younger brother of Bitcoin - Litecoin. In January the founder of Litecoin Charlie Lee urged the community of miners to support SegWit. SegWit had a positive impact on the price of Litecoin. On 4 April, the price of Litecoin rose sharply. A month later, one of the largest cryptocurrency exchanges Coinbase announced that adds support for Litecoin, what price LTC again reported a dramatic increase from $ 16 to $ 21, and surpassed a market capitalization of $ 1 billion.
Now, Litecoin takes its place as one of the leading and strongest cryptocurrency.
John Zwick (John Zwick), the founder of the company CurrenceC Capital LLC, believes that Litecoin could surpass Bitcoin. In his opinion now is the time for buying an asset. He said
"I believe in Litecoin more than Bitcoin. Buy now. I believe in Litecoin, Ethereum, bitcoin, but all three will have to grow more than three times the cost".
Other altcoins will win
Altcoins gaining a strong position in the market. At the moment they are alternatives to Bitcoin and some reserve currencies.
Aaron foster (Aaron Foster), CEO and co-founder of P2P exchanges and wallet BitPoint, noted that the cryptocurrency market operates not only Bitcoin. He said
"The total amount of scriptaction grew from $16 billion to more than $100 billion in less than 6 months. Obviously, not everything depends on Bitcoin because of its dominance has declined from 85% to 45% over the same period. "Alt coins" are no longer alternatives to Bitcoin. We have entered a new era of tokenization when Bitcoin takes its place as a provision of the new economy."
Vitor Rita (Rita Vitor), investor, CEO Portdiamonds.com and Portbullion.com the company that sells diamonds and gold in Africa and South America, believes that Ripple, Gemcash, Stellar have better prospects in the long term. He said
"In the future they will become a currency for everyday trade. They will be stable, and the world will massively use them."
However, all companies in the world are to trade on the blockchain in the next few years, including all governments, and therefore, they will use a blockchain BTC and Ethereum as the base and it will be very hard to push the price of Bitcoin and Ether.
Growth of the cryptocurrency market
Ivan Glavas (Ivan Glavaš), cryptocurrency trader and investor, product developer at IN2 Leadchchain, as well as member of the Supervisory Board SKDD-CCP SmartClear dd said
"In this moment we see not only Bitcoin, but also rising prices for other scriptactive and volumes on the stock exchanges. It is a sign of mass adoption. This is not only because of the people who participate, but also in relation to the daily opening of a large number of new listed companies. And old cryptocurrency exchange to add new assets to their platform".
Ivan Glavas also noted last year's events that affected the price of Bitcoin and altcoins, such as the halving of rewards of the Bitcoin mass adoption by companies that mass adoption by banks, the recovery of prices on Bitcoin etc."
Additionally, Bitcoin and other scriptactive now have numerous apps, which also control the market. Ivan Glavas noted that the applications on the Ethereum such as Augur and Digix, are in final stage development. Waves was created in just a few months, and now everyone can try to create your own asset in just a few seconds.
He said
"Thanks to the work of Augur, we can see how the first people in the world earn ETH, just reporting on the events. If Digix will work, we will see the first people in the world who will be rewarded in gold on a quarterly basis".
He continued:
"With the end of summer I expect a very strong bullish sentiment, directed not only BTC, but also other assets."
Allison Coleman (Allison Coleman), founder of a consulting company in the field of cryptanalytic, Axisflip Cryptofinancial, predicts continued growth of the cryptocurrency. She said
"Last month held a rally Ethereum when accompanied by several professional conferences and announcements, which gave great publicity to cryptoprocessor as a fast-growing investment opportunities backed by a large and well-known companies. Since the total market capitalization exceeded one hundred billion dollars. Some large exchanges have added new token functionality to their users. In recent years there have been several successful ICO. A significant number of investors due to Aldona ICO and realized its advantages in Bitcoin.
We expect continued growth of the cryptocurrency. The success of the first ICOs, no doubt, stimulated the investors ' interest in upcoming opportunities. In the coming months it is planned to consider some of the problems associated with the debate regarding the split of Bitcoin. We see green lights across the industry, especially given the many areas of technology use and its relatively small market capitalization compared with the previous securities, which it can displace"
https://bit.news/po-mneniyu-ekspertov-u-altkoinov-bolshe-perspektiv-chem-u-bitkoina/
There is a better potential for price growth with the altcoins, but they also come with a higher risk. Especially the further down the list of top coins you go. Bitcoin however is safer for long term growth and as has been shown in the past the altcoins can often suffer the most when the price of Bitcoin goes down.
Potential for price growth yes, but i think in terms of influence and mainstream adoption BTC is still king.