In spite of Bitcoin’s upwards push, altcoins are yet to gain significant upside momentum. However, that was also the case in 2017. Bitcoin gained for quite some time before altcoins started picking up. But once they started gaining, most of them surpassed BTC in gains, within a very short time. In essence, now that Bitcoin is edging closer to $10k, a crucial level that marks an end of the bear market, it is time to start loading up on strong altcoins. That’s because, the moment the altcoin boom comes, those with strong fundamentals could easily make huge gains, over and above their 2017 highs. Two altcoins that hold lots of potential under current market conditions are Cardano (ADA) and IOTA (MIOTA).
Cardano holds lots of potential in a bull market. That’s because, most of the things it has been working on for the last 2 years are finally to fruition. For instance, Shelley, after so many delays is becoming a reality. Starting this month, the Shelley testnet will begin in a closed environment. This is a big deal and will culminate in Shelley going live a few months down the line. Given that it has been one of the most awaited things in crypto, it could propel Cardano (ADA) to new heights once the altcoin rally hits the market. That’s because, with Shelley, investors will be in a position to stake Cardano (ADA), which is what most investors are waiting for. It’s a factor that gives Cardano an advantage over most altcoins, in a bull market.
IOTA (MIOTA) is another altcoin with lots of potential for gains this year. One of the factors that give it this potential is the removal of the COO. For over two years, the IOTA Foundation has been working hard to find solutions to a decentralized tangle. After researching multiple theoretical approaches, they have finally found a solution, and are now working on implementation. With a solution to a COO free tangle, IOTA (MIOTA) could revolutionize this market and render most altcoins obsolete. That’s because, it will be scalable, secure, decentralized, and best of all, with zero transaction costs. This makes it a game changer, and could see it transform payments and the IoT market. In essence, once altcoin FOMO kicks in, chances are that IOTA (MIOTA) will be one of the altcoins that a smart investor would rather be holding. Its potential is now pretty much limitless. The result is that it could be a huge gainer if altcoins start gaining. Once the COO is removed, even the gains that IOTA (MIOTA) saw in 2017 could look like a small bump.
That’s not to say that altcoins won’t see huge gains as well. However, these two don’t have a much clearer basis to explode in value in the course of 2019. Crypto is growing in adoption, and the next Bull Run, could be epic. Bitcoin at $50k and altcoins like Cardano at $5 or more is not improbable.