The cryptocurrency world is entering an important stage of its development. In the summer, new laws are expected to regulate the digital economy. The countries intend to create a single legislative framework that would allow determining the legal status of any cryptocurrency.
Such news pushes most investors and traders away from large purchases. Players are waiting and are not in a hurry to invest their own savings. The current situation suggests that the bullish sentiment observed at the end of last year, was replaced by a bearish trend. Globally, the market is in a downward trend, so cryptocurrency rates are still capable of a sharp drop.
Negative reports appearing in the media often become catalysts for the decline in the price of virtual assets. But when the value of Bitcoin falls, some altcoins are popular among investors. Therefore, in times of crisis for the cryptocurrency market, they can grow.
In this article, we will analyze three coins that can bring a good profit to their owners in the long run in 2018.
Brian Kelly, who is the founder of the investment platform BKCM LLC (BK Capital Management), which specializes in trading cryptocurrencies, is confident in the early growth of Bitcoin Cash. The main reason for this success is the developed infrastructure. Recently, a group of miners agreed on a partial investment in the modernization of the distributed BCH network
«”Blockchain is gaining popularity when it is used all over the world. The liquidity of Bitcoin Cash is gradually gaining momentum, so investing in cryptocurrency is a smart decision», – Kelly believes.
The main factors of successful development of the BCH are:
- Fork in May (block size increased to 32 MB);
- Successful development team;
- Low commission.
The increased liquidity of Bitcoin Cash is also explained by the fact that today the purchase of this crypto currency is available on the most popular electronic wallets (Jaxx, Trezor, Ledger). Surprisingly, Bitcoin supporters are also investing in BCH. This is due to the fact that the coin is a convenient tool not only for investments, but also for daily transactions. Unlike Bitcoin, the fees here are much lower and reach $ 0.1.
The EOS Altcoin
EOS is called the closest competitor to Ethereum. Cryptocurrency is an operating system designed for the development of blockchain applications. One of the key factors of EOS growth is the ability to process hundreds of thousands of transactions per second. Today, most of the coins have low scalability and bandwidth, so this feature of the asset will bring it wide publicity in the cryptocurrency community.
Speaking of developers, Daniel Larimer is the main inspirer of EOS. He managed to create a decentralized platform, operating on the principle of DPoS. The method allows you to quickly correct errors in the structure of new applications and apply the legal framework that governs the relations between the participants of the system.
For 2018, EOS was one of the few who managed to reach a historic high. On April 29, he set a record at $ 22.89. Now the cryptocurrency is in a corrective movement, but in the near future the digital asset is able to repeat the success and bring good dividends to investors.
Despite the low cost, Tron is already in the TOP 10 for the capitalization of the cryptocurrency market. It is not surprising, because behind the developers is a young and ambitious businessman from Asia Justin San. Many say the entrepreneur’s pioneering ability will change the digital economy for the better, with His tron scenario given a major role.
Investors expect the platform to be updated on may 31. They are looking forward to the launch of the mainnet. In their opinion, such an event will be a good catalyst for the growth of Tron not only in the long term but also in the short term.