I've been in the cryptocurrency world for 3 years now, a beginner for many but a veteran for others. After studying thousands of coins and watching the market for thousands of hours, my conclusion is that many coins are indeed a bubble and go up on pure marketing and speculation, but there are others that have a promising future, a tangible product and will stick around forever. If you really want to make money on this, buy the good ones and hold it!
On my educated opinion Verge XVG is the biggest bubble of all, banking on privacy when the whole concept of cryptos is based on privacy and freedom, Verge is the biggest marketing scam at the moment, even creating videos about how they are going to protect your privacy! Let me ask you a question? Do you know who any of the people buying any coins are? Self explanatory. Stay away from Verge.
Then we have XRP (Ripple), it should be a Nasdaq company not a cryptocurrency. Ripple praises itself on being a fast payment solution, its credits itself on being the competition of swift and being centralised. Clearly anyone who is onboard with Ripple hasn't used Paypal or any of the online payment platforms that have been around for years. The banks have many fast payment solutions already in place within their system, the reason why they take long is because they are centralised & regulated, but the payment is received within minutes at the banks. So why would they put Ripple onboard when they have systems already in place that work and within seconds transfer money from one place to another? Furthermore Ripple has no wallets, no proven transfer system peer to peer. Ripple is a coin that has fooled millions of people in thinking they invented something new, when indeed money transfer systems have been around for decades now. Brad their CEO is a marketing genius nothing more. He is making money on the fear of people thinking if you are not centralised you will not survive, that is pure BS!
Lets talk about the real future, projects that have proven years in development, experience in the industry, wallets that work, transfer systems that are fast and free of centralised organisations. My #1 choice is CARDANO (ADA). Cardano is basically your own bank, they have their wallet DAEDALUS, which is amazing and I have used it a lot. The team is amazing, the tech is amazing. Out of the thousands of cryptos out there the only one that really offers what the crypto world was created for is Cardano. A self managing wallet, a fast transfer system, complete privacy & a future debit card that is connected directly to your wallet. If you have not bought Cardano I would buy it now, if you believe in longterm secure gains, Cardano is the project to bank on.
On my next article I will talk about HVN(Hive) a project mainly for businesses using blockchain technology, for invoices, contracts, asset management etc. It has signed very important alliances with many business operating systems around the world, a solid team a solid growth and a unique proposition. Check out Hive https://www.hive-project.net you can even test their system, now that is tangible!
Follow me for future articles and posts! @bitcoinoil777 !! If you like what you see, please up vote.