2018 started with the cryptocurrency market experiencing the harshest bear run to date. While there is no official explanation or actual known cause to the public, many point to Bitcoin as it suffered the biggest drop. Nearly 70% of Bitcoin’s market value fell over a period of two months. The previous year, Bitcoin was all anybody could talk about but this year, people are avoiding it like a plague.
Altcoins or alternative coins are cryptocurrencies that came after Bitcoin. They come with improved blockchain’s, security and real-world usage. With institutional users looking at altcoins, soon there will be a shift towards digital assets and several altcoins including DasCoin seem to be at the forefront of this change.
There’s no doubt that blockchain has the potential to change our lives for the better, but buyers have to look beyond the big cap coins if they are to find useful solutions. While regulations and restrictions are incoming, the constant fluctuation of Crypto assets will remain. August 2018 saw the market slowly climb back, but it’s nowhere near the highs of December in 2017.
Why 2019 is the Year for Altcoins like DasCoin
By providing coins fit for real-world usage, the altcoin market is set to take off in 2019. Furthermore, the altcoin value propositions are much more than that of large-cap alternatives. Experts predict 2019 will be a perfect time to invest in altcoins.
Here are some of the reasons why:
- Solutions to real-world problems
Altcoins such as Ethereum promise to bring technological solutions to the issues faced by the modern world. Some examples include offering global rent payments, affordable cloud services, crypto micropayments, remittance and much more. Buyers can look at specific solutions and analyze expected coin growth.
- Affordability and Utility
Altcoins at their early stages require very little investment to participate. Some coins like DasCoin need as little as 100 euros to participate. By buying tokens, users will get access to native blockchain’s and build their applications based on the blockchain. Users will also get access to proprietary software and other products given by the token provider.
While large-cap coins can seem enticing, the crypto market will provide you with several useful alternatives. Altcoins with feasible solutions will gain value eventually. So, careful research and subsequent purchases can land you with some altcoins which are capable of 10x growth.
- Faster and Efficient Crypto Transactions
Most altcoins work on superior blockchain’s. They can transact instantly at a fraction of the cost. Some coins also allow for instant merchant transactions on their networks. By running efficiently, transactions costs are kept a bare minimum’s as well.
- Real world Usability
Many alternative coins are fit for real-world use. They facilitate a wide range of instant transactions including P2P interactions and micropayments. By tackling volatility and offering other features such as fiat-pegged solutions, worldwide acceptance for altcoins are generally on the rise.
2019 Market prediction for Altcoins like DasCoin
Like every other industry, scammers exist in the crypto space. Even with such a threat, careful research can land you with valuable coins. Altcoins unlike Bitcoin, hold much more than monetary value. They offer complete solutions to common problems existing in the world. Altcoins like DasCoin aim to bridge the gap between the traditional and digital space by providing tokens fit for real-world usage.