What Crypto Asset Will Dominate The Market In 5 Years?
This is the question for today's 30 days writing challenge and it's a fascinating one that needs technical analysis!
The May 30 Days Writing Challenge is a contest initiated by our own witness @dragosroua. To can find more about the contest on his introductory post here.
You can choose to participate in all the 30 days contest or just a few that you are comfortable with,as you will realize later i don't participate in all of them.
What Crypto Asset Will Dominate The Market In 5 Years?
We all know crypto is revolving and growing each and every other day. It's fascinating to note that the coinmarketcap now has over 1600 as shown below.
We should not forget that more are being created daily with ease.In my analysis below i will dwell on a few that will thrive.
1. Bitcoin
We all know bitcoin was the first crypto to be created in 2009 after the 2008 world financial crush.
I have realised that many people are trying to resist bitcoin and cross over to bitcoin cash! However much bitcoin faces resistance It will remain in the top ranks in the next 5 years.
In my shirt time in the crypto world thanks to Steemit,bitcoin has made a name for itself that it's what most people know about will be the first crypto they will understand as newbies.
In my promotions of Steemit,whenever i ask people if they know of crypto and am not surprised when they tell me bitcoin.
I expect this trend to continue for the next several years. We all know bitcoin is the most marketed because it's the Pioneer of crypto.I do not expect it to just die out easily!
I read a post here of an investor predicting(yes just a prediction!) that the bitcoin price might go to 700,000$..
I still believe bitcoin will be among the top dogs in crypto in the next 5 years however the problems the blockchain has at the moment.
2. Steem/Steemit
This is obvious as all people who have Steem power here have a long term view of Steemit.
Steem is the only crypto you can hodl and at the same time earn hodling by curating on Steemit and also posting ! Isn't that an indicator of awesomeness?
In other cryptos you can just hodl and pray the coin increases in value! Here you do not need to worry a lot about price swings like we are in now( crypto streets are bloody!).
The big hodlers on Steemit just keep curating and making posts hence earning money with their already existing money(SP).
There is no competitor for Steem or Steemit at the moment that has a current model we employ here.
The biggest advantage with Steem/Steemit is that it has free entry.It is helping us Africans have free access to crypto and within a month or two a person can earn a decent amount of money!
We can even accumalate SP which we also use for curating ,what a lovely platform Steemit is.
The transaction/transfer speeds of Steem are insane as can be seen from this gif below. You need to keep looking at that gif and be thankful of Steemit!
There are really many reasons Steem or Steemit the community will thrive,let me also mention the zero transaction fees......zero fees.
As I conclude,it we all continue promoting and marketing Steemit,we shall go to the moon.I am excited the CEO @ned has joined the promotional activities.
Other Coins
I do not have concrete eveidence to support these coins below but according to experts,they have a great future
- EOS
- NEO
- 3.Ripple
In my conclusion many of these coins we see now Wil disappear because of lack of usability(use case).The coins that will survive are only those that have use in the real world like Steemit !
If you missed my previous posts check them below.
- Mentored A Newbie Today ....Met Also Several Long lost Friends(And Obviously Steemfied them!)
- Incredible Kampala Old Taxi Park Uganda : Mypictureday Entry
- Promo Focus Turned To Crypto Companies ....Today was Awesome
- Have You Always Wanted To Add Your Previous Posts Automatically to Your New Post?? Worry No More..read on
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Love
Jarau Moses
Coins mentioned in post:
I'm heavy on steem and EOS, it amazes me that more people don't recognise how powerful the graphene blockchain (which both are built on) really is.
On https://blocktivity.info/ you can see golos, steem and bitshares (all run on graphene) take 3 of the top 5 spots for most transactions, they do the most transactions per second by far and don't even break a sweat, yet are hugely undervalued. That's a very good sign for us, maybe not right now since the market is all about hype and publicity, but in the future it will play a very large part in our success.
hullo @jaraumoses, thank you for giving us incite of what the future crypto holds for us. and for this let em make some research on the EOS, NEO and RIPPLE so that i make a post about them soon.