10 most promising cryptocurrencies

Facts

Review of the best according to the editorial board. On the selection criteria. This material is subjective, does not constitute advertising and does not serve as a purchase guide. Before buying, you need to consult with a specialist.

You and I live in the era of a flourishing new economy. Independent of banks, oil, government decisions and insidious political sanctions. An economy in which everyone is equal – just like in those old utopias. And this dream is achieved by introducing new funds – cryptocurrencies.

Cryptocurrency assumes that you are the owner of your money. Your balance doesn't depend on anything. There is no need to worry that the bank will close, and the stash under the lid of the toilet bowl will be worthless. There is no need to worry that when sending money to relatives abroad, the commission will “gobble up” the entire payment, and relatives will not receive their funds yet, since the system will require a ton of documents from them.

Cryptocurrency makes it freer. And at the same time – richer. Remember the rate of bitcoin or ether. That's just … they are already outdated and practically devoid of prospects. A person who wants to increase his fortune must look further. To the future. And for such people, we have compiled a rating of the 10 most promising cryptocurrencies.

Rating of the most promising cryptocurrencies

Nomination a place Cryptocurrency rating
10 most promising cryptocurrencies 10 Bitcoin (BTC) 4.1
9 Ethereum (ETC) 4.2
8 Ardor (ARDR) 4.3
7 Holochain (HOT) 4.4
6 Tron (TRX) 4.5
5 Stellar lumens (XLM) 4.6
4 EOS 4.7
3 Ripple (XRP) 4.8
2 Facebook Libra (LIBRA) 4.9
1 Telegram Open Network (TON, GRAM) 5.0

10th place: Bitcoin (BTC)

Rating: 4.1

Bitcoin

The very first and most famous cryptocurrency that embodies all the principles of a 'distributed money system' – decentralization, the impossibility of counterfeiting or illegal enrichment, equality of all nodes and participants in the payment system. Of course, it is not very functional and is intended to be used as an alternative to classic currencies – but it was the first and remains the most famous.

However, over more than 10 years of existence, the approach to this cryptocurrency has changed significantly. She began to be seen as a means of enrichment. This was especially strongly influenced by the economic phenomenon of the end of 2017, when about 20 thousand dollars were given for 1 BTC. At the time of this writing, bitcoin, of course, has significantly lost in price – it has become about 2.5 times cheaper – but it can still be considered as a means of investing, accumulating and increasing wealth.

But mining bitcoins has been unprofitable for several years. There are too many of these 'earners', and the total number of units of issued cryptocurrency is limited.

9th place: Ethereum (ETC)

Rating: 4.2

Ethereum

The peak in popularity of the Ethereum cryptocurrency came in 2016-2017, when it was very easy to mine. At the same time, the 'ether' price was very attractive. As a result, those miners who managed to start on time were able to almost get rich – and it was on Ethereum, not Bitcoin.

Now Ethereum mining is not so profitable – and this is a reason to consider other features of Vitalik Buterin's brainchild. And it turns out that 'ether' is the so-called second generation cryptocurrency. This is not just a replacement for classic money, but also a full-fledged economic platform, within which anyone can start their own enterprise.

In fact, this is what happened in 2017. There was an ICO boom, almost every web service began to move to the Ethereum network, issue its tokens and publish distributed applications. Of course, a large part of these projects turned out to be a scam, but many exist to this day.

Ethereum is interesting for its constant development. Vitalik Buterin and his team do not stop there and try to implement new technologies. In the near future, Ethereum will switch to a new Proof-of-Stake algorithm and completely abandon mining. This will make the cryptocurrency faster, more stable and more practical.

8th place: Ardor (ARDR)

Rating: 4.3

Ardor

The creators of the Ardor cryptocurrency are planning to integrate the blockchain as a service (BaaS) service, offering companies to move to distributed decentralized data storage without bothering about the complexity and high cost of using such technologies.

In simple terms, integration occurs as follows:

  1. A certain company wants to switch to using blockchain to store its data. These can be financial transactions or records with unique identification and verification (for example, voting results);
  2. At the same time, the company's management understands that at the moment there is neither the means nor the technological capabilities to launch its own blockchain;
  3. The company turns to Ardor and receives – for a fee – an entire blockchain branch for personal use. You can store anything in it;
  4. Miners all over the world maintain this blockchain branch by receiving their tokens, and at the same time they cannot see what is stored in it.

This infrastructure model is very interesting. Currently, the blockchain is used by everyone. Lithuanian startup Prodeum wanted to label vegetables and store information about their origin on the blockchain. The Moscow Election Commission used blockchain to register electronic voting in elections in 2019. Ascribe records copyright information for artwork on the blockchain too.

It is expected that this technology will be used even more widely in the future. And in this case, the BaaS mechanism shows high marginality and efficiency.

7th place: Holochain (HOT)

Rating: 4.4

Holochain

Holochain is an economic platform that uses a pretty interesting consensus mechanism. There is no mining here, and the blockchain is supported by distributed agents, each of which has access to only a part of the hash tables. This solves the problem of Byzantine generals (determining trust in the nodes of the network) and helps to achieve high performance of the platform itself.

Holochain is somewhat similar to Ethereum. The built-in HOT cryptocurrency is supposed to be used to pay for the services of companies that have launched their decentralized applications (DApps) within this platform. At the same time, due to almost unlimited scalability (any network node can be made an agent), high performance is provided.

Decentralized applications can be very different. In fact, they are a kind of analogue of vending machines – only they exist absolutely everywhere. Among the most interesting DApps already launched on the Holochain platform are:

  1. Junto is a non-pretentious social network without ads, censorship and data storage;
  2. Producer's Market is a decentralized food marketplace. You can buy potatoes directly from farmers, without a wrap up from intermediaries;
  3. Ulex is a decentralized legal system with a multi-year archive of court decisions.

In general, Holochain can be used for anything. HOT moves out of the category of financial instruments and becomes available to ordinary people. And this makes this cryptocurrency very promising.

6th place: Tron (TRX)

Rating: 4.5

Tron (TRX)

Tron is an open and decentralized platform built for the entertainment industry. Its users play online games (including gambling), publish series and videos, post their music, and so on. And for access to all these entertainments, it is supposed to pay with their own cryptocurrency – TRX tokens.

Tron was created as an alternative to the modern entertainment industry. It can be difficult for content makers to break into existing distribution services. Indie games with Steam Greenlight are drowning in the flow of AAA projects and become almost unknown to the public; YouTube author's films and series hardly appear on the main page of the site; and streaming music services like Spotify recommend independent artists 'on an exceptional basis'.

Moreover, even the entertainment industry is heavily censored. Want to publish your game on Steam? Unless she breaks the long and convoluted community rules. Likewise with movies, videos, music, books and other multimedia content on existing platforms.

Tron is now interesting primarily as a way of investment. You can buy this cryptocurrency at a relatively low price – and wait for growth. The data from the Coin Market Cap service shows that the Tron rate is stable and grows periodically.

5th place: Stellar lumens (XLM)

Rating: 4.6

Stellar Lumens

Stellar Lumens is an open source, decentralized and community-owned cryptocurrency that aims to facilitate the transfer of value between assets. In simple terms, XLM is a platform where you can exchange anything for anything else. Using the mechanisms of this cryptocurrency, you can even sell real estate for dollars – and at the same time, the value of assets on each side will be converted into Stellar Lumens tokens.

Stellar Lumens aims to create an open, decentralized marketplace without regulatory oversight. In addition, on the basis of this platform, you can provide any financial services – from the transfer and distribution of assets to, for example, insurance and pension savings. In theory, of course.

Traditional financial institutions, including several international banks, are also showing interest in the Stellar Lumens platform. This makes this cryptocurrency very promising, including for investment. It is practically unaffected by the volatility spurts of other cryptocurrencies, maintaining its value even in cases when bitcoin goes into another steep peak.

4th place: EOS

Rating: 4.7

EOS

EOS is a cryptocurrency that gets rid of the scalability problem. No matter how many of its users simultaneously send transactions, they will go through quickly. In addition, due to the absence of mining in the classical sense of this term, transfers will be free.

Of course, this architecture is literally designed to run decentralized applications. And they – DApps – are also supported by the EOS cryptocurrency. True, third-party analysts are not very positive about the mechanism of operation of decentralized applications in this network, since they are extremely unstable to a 51% attack. Basically, the transactions of each DApp in EOS are processed on just five nodes.

On the other hand, DApps in EOS are now almost wider than in ETH. The most popular decentralized application at the time of this writing runs on this particular network. True, it is dedicated to gambling (gambling in poker), but that is why the free economy is free to run what the registrars prohibit.

EOS was also able to raise more than $ 4 billion for ICOs – and this at a time when trust in token sales was successfully undermined. And all this speaks of the high prospects of this cryptocurrency, which has already become a serious competitor for Ethereum.

3rd place: Ripple (XRP)

Rating: 4.8

Ripple (XRP)

Ripple is a decentralized payment system that has built-in currency exchange functionality. XRP tokens can be easily converted into any monetary value and asset. As practice has shown, they can be used to represent fiduciary money, other cryptocurrencies, exchange commodities, air miles and even minutes of phone calls.

But the prospect of Ripple lies not in this, but in the fact that this cryptocurrency is actively used and supported by large banks. Among the financial institutions that exchange XRP transactions, representing assets, there are several Asian and international organizations. Some of them – for example, UniCredit Group – are even represented on the Russian market.

It is thanks to the support of international banks that the Ripple market practically does not experience sharp drops (as well as ups), and this cryptocurrency is very promising for investment. And here's the irony. Despite the fact that cryptocurrencies were created to get rid of banks, one of the most stable ones is reliable, because it is precisely traditional financial institutions that support it.

2nd place: Facebook Libra (LIBRA)

Rating: 4.9

Facebook Libra

Libra is a proprietary cryptocurrency that the international information giant company Facebook plans to launch. The consortium of companies that will support the platform's transactions and monetary functionality includes Mastercard, Visa, PayPal, Stripe, Women’s World Banking and many more.

In addition, many tech companies have already announced their readiness to accept Libra as a payment instrument. You can pay with cryptocurrency Facebook in a Lyft taxi, eBay online store, Spotify music streaming service, as well as for cellular communication in Vodafone and hundreds of other goods and services.

And despite the fact that Facebook Libra has not yet been released – and even its whitepaper is practically inaccessible to 'mere mortals', it is one of the most promising cryptocurrencies. Even if it is not possible to make a profit due to 'buying on highs', then the tokens will definitely not be dead weight on the wallet.

The Facebook Libra is expected to be unveiled in 2020. Despite support from a huge number of commercial, financial and academic organizations, the developers promise that the cryptocurrency will be completely decentralized. And even Facebook will not be able to completely control it, which we all willingly believe. The developers promise to protect the cryptocurrency from sharp jumps in the rate and tie it to real money.

1st place: Telegram Open Network (TON, GRAM)

Rating: 5.0

Telegram Open Network

And topping our rating of promising cryptocurrencies is 'coin', which has not even been released yet. Its release is scheduled for 2020, and at the time of writing (October 2019), a test blockchain and an alpha version of the wallet are available.

The developers of TON, the Telegram organization led by Russian-born programmer Pavel Durov (who created the social network Vkontakte), promise that the cryptocurrency will support instant money transfers regardless of the number of users – and expect that billions of people will exchange immediately after the launch of GRAM.

If you dive into the technical details, it turns out that TON is a decentralized darknet platform with additional support for distributed applications, money transfers and payment transactions, as well as information placement. And it all works on the P2P principle. That is, the GRAM cryptocurrency itself is only the 'tip of the iceberg' of the Telegram Open Network, which is a completely new Internet protocol that unites economic and information platforms.

It is expected that immediately after the launch, TON will support communication between algorithms, routing based on the hypercube model, a distributed network of validators, DNS and DHT, cloud distributed information storage and many other functions. Dozens of companies from Silicon Valley have invested in GRAM, although the project is being launched in secrecy.

And at the moment GRAM is the most promising cryptocurrency. It will be used, it will be in demand. This means that it is worth buying soon after the release, when the wave of trading on the highs subsides.

The exact release date for TON is unknown. This cryptocurrency is expected to be introduced in 2020. But there is a chance to see her earlier.


Attention! This rating is subjective and does not constitute an advertisement and does not serve as a purchase guide. Before buying, you need to consult with a specialist.

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