Let me quickly go over the top 7 crypto currencies according to their market cap and show why they are real little gems that everyone should expect to tenfold in the upcoming weeks.
#1 Bitcoin
Bitcoin is up some 2000% since beginning of the year and Elon Musk tweeted that he wants to see BTC at 42k USD each so it will be. Nothing can stop this bullrun. EVER!
#2 Ethereum
After all the ICO money is collected for the next generation internet the kitties brought it down in a matter of days to a point where exchanges were unable to withdraw token to the wallets of users. After a little bit of homework to deliver a 1000 times increase in capacity it will eventually be possible to deliver all the promises that people already bought in.
#3 Bitcoin Cash
It's basically the smaller half of the elephant in the room but not really different.
#4 Ripple
Almost around as long as Bitcoin and backed by a company that acted as a central bank for the tokens. Of the 100 Billion token in existence all of them belonged to them until they slowly started selling a 3rd of them over time. Applications on the Ripple network pay fees in Ripple but you do not need XRP for anything else. And if you are a big customer then Ripple will make you a private chain with no fees at all. Visa and Mastercard may use the network but will not use the token. Ever. It's the centralized blueprint of BitShares without DEX and without stable coins. But somehow they always stay on top. Is there even a wallet?
#5 Litecoin
What I wrote about Bitcoin Cash essentially also applies to Litecoin. Bitcoin in a different configuration. You know... block times and hashing algorithm. Thats it! And apart from that it has a leader that Bitcoin currently lacks.
#6 Cardano
This gem is so hot it is not even existing yet. Born in the ICO craze by a guy who was a co-founder of Ethereum as a whitepaper without a working network. And the revolutionary idea is to reimplement Ethereum. A shame that this idea is not mine. Well done dude! And maybe in 6 months from now we can execute the first smart contract and start debugging. Something that other projects delivered 4 years ago (NXT).
#7 IOTA
You can use IOTA if you follow some rules. 1) never use the same address twice! 2) hit the sync button around a 100 times 3) never forget rule 1! then you should be fine. The idea is interesting but has proven to be unscalable. In addition the protocol currently is highly centralized to the few nodes that actually run the network and are hardcoded to the wallet which is minimal and consists of the 2 buttons to send and receive. IOTA announced a partnership with Microsoft. Microsoft released a press statement that IOTA is a customer of the Microsoft Azure Cloud service. Not sure why this adds another run up but here we go... Give me my 10 billion already!
Gentlemen, place your bets. You know it is the future! Never stop chasing the price or it will come down and everyone looses.
To sum up, we have Bitcoin, Ethereum and IOTA. The rest are copycats of the latter, Except Ripple. None of them works as expected, except Ripple. And Ripple is only a private Proof of Stake chain of some company. Lets get our act together and go back to work before we make more promises.
