Which Cryptocurrencies Will Survive in Next 5-10 Years
Cryptos are a hot topic for more than a decade now. Since Bitcoin was released back in 2009, its value constantly grows. However, with some processes known as halving that occur every now and then. But even this process has the task of making future growth possible. If you are interested in learning more about this particular crypto, make sure you check out uk.advfn.com. Anyway, we can see that a lot of other digital currencies are following this path. At the same time, we can see that the overall value of all cryptos is getting bigger by the day, so Bitcoin is not lonely in this regard.
The conclusion is, digital currencies are here to stay. It looks like even with the emerging of, let’s say, standalone cryptos like Bitcoin, Ethereum, and other prominent ones, countries started developing their own, which will replace older ones. We can see that in the example of South Korea, China, and Russia. So, we can say that the question is when they will completely take over the fiat currencies, not will they do it. There is one more question that requires a serious answer, which of all present digital currencies will actually make it to the point where they will be equal as fiat currencies. We’ve done our research and we talked with some experts and we are going to present you with what we were able to find.
Bitcoin is the older cryptocurrency in the world. At the same time, it is the one with the highest values of them all. That doesn’t mean that Bitcoin didn’t have its ups and downs over the years. Being a pioneer in something as complex as finances is not an easy task. Thankfully, over time it managed to find this place in this day and age. As we said, the road wasn’t easy. Back in 2018, we witnessed that Bitcoin was literally on its knees and that its value reaches the lowest levels in the last couple of years. Moreover, during the coronavirus pandemic, we could see that Bitcoin lost more than 50% of its value in just a couple of days. This is something that scared almost all of the owners. Thankfully, it looks like that this digital currency is back on its feet and that future looks bright.
Similar to Bitcoin, Ethereum had a major downfall back in 2018. The situation was pretty much the same because a lot of people were skeptical about the potential return of something that people describe as the most stable crypto of them all. Now, different from the previous entry on this article of ours, Ethereum’s bad days weren’t as long. The reason we think this crypto will survive all of the hardships that it could possibly stumble across is Ethereum has a plethora of developers who are working on it for the last couple of years. There is no reason for us to believe that it will be any different in the future. Plus, this is a digital currency that has the largest market capitalization after Bitcoin. Its value will surely continue to grow in the future.
Monero can be described as pretty strange crypto because it is based on things that are not as common among other digital currencies. During the early days of Monero, it was used mainly for activities on the dark web so many people have some doubts about it. However, today we can see a completely different picture. Anyway, this cryptocurrency is based on CryptoNight and it can be mined through ACIS, instead of using only graphic cards. It should be said that Monero is not completed because we can see that there is a lot of work to be done before its officially completed. It was made public that the developers are looking for some improvements when it comes to privacy while using this digital currency.
For those who are not aware of what Binance Coin is, it should be said that this is crypto established by Binance exchange, which is the largest crypto exchange in the world. Originally, this digital currency was established as a method of reducing trading or transaction fees for Binance Coin users. Over time, it became nothing short of a proper cryptocurrency that has a lot of traders and users from all over the world. In fact, we can see that this crypto is in its aggressive expansion mode in the last couple of years. Without a doubt, it has a bright future, mainly because it serves as a currency used by the major crypto exchange website in the world. At the same time, when we talked with some experts, we found out that it has perfect management who has the inspiration to make this one of the biggest digital currencies in the world.
Litecoin a crypto that, after Bitcoin, has the most chances of being here in the next decade. There are a plethora of facts that can support this claim. It was created by Charlie Lee and it served as a test for Bitcoin back in the day. Today, this is one of the most used cryptos. It should be said that it has a lot of transactions every day and this really means something in this world. Since it was introduced back in 2011, it was constantly ranked among the top 10 digital currencies in the world. Similar to Bitcoin, it’s worth is halved every once in a while, which is a proof that its developers are taking good care of it and we will surely see it for many years to come. At the same time, even though its performance wasn’t at the highest possible level recently, it should be said that it will surely improve in the future.
As you could presume from the information we’ve provided you within this article of ours, digital currencies are close to becoming a major thing in our life. It looks like they are going to overthrow fiat currencies from the throne. Therefore, in order to help you get ready for this occurrence, we provided you with some of the cryptocurrencies that will survive in the next decade.