This article is not intended as a price prediction, nor is it a ‘moon soon’ piece. This article’s sole aim is to share top 5 long-term cryptocurrency projects that we think have a fair chance on being around for longer than others, and hopefully be a permanent part of the blockchain ecosystem based on the strong fundamentals of the project, particularly in relation to:
We will not include the obvious choices, such as Bitcoin and Ethereum. Almost everyone who has been in this space for any period of time would have quickly realized that Bitcoin could emerge as global reserve and store of value, and Ethereum could be the platform of the future utilized by most Blockchain projects.
Price action for these two projects will be progressive, and saturation may not be in sight for another decade.
Having said that, we are going to skip projects like and specifically, XRP. You can find all the reasons why we skip XRP here. It may turn out to be an absolute hit, but it goes against the spirit of decentralization in our opinion, and hence, we will not recommend it.
With those basic and important considerations out of the way, let’s begin:
This is a wildcard pick of sorts. The idea, if successful, could lay the foundation to a ‘smart internet’ model. That statement is not to be taken lightly. If Elastos pulls off its grandiose plans, then its original ICO price of $20 per token shall appear like a mole on an elephant. For context, its ICO price alone represents 5x gains.
However, price action is not the sole determinant of altcoins, including Elastos. It is the fundamentals of the project and the grand vision, a vision as big as the internet itself.
Use case: What better use case can be found of blockchain than to transform the internet itself? Elastos wants to tackle the basic tenet of vulnerability and hackability of the internet by building a better version of the internet from the ground up – a lofty ambition that makes this such a bold pick. However, this is a necessary step in order to stabilize the foundations of the internet if we were to zoom into the future of 5G, driverless cars and robotized future. We need an internet that is decentralized, secure, and unhackable. Elastos may just be the project to address this mighty task.
Team: Elastos has a full-fledged team to carry out the functions of the foundation for developing Elastos blockchain. Their blockchain team consists of 28 engineers who are led by Shunan Yu. Check out the full line up here.
Right from its introduction video to year-end reports, Elastos sets a different set of quality standards in the crypto space. Beyond the glitter, Elastos carries the proof of performance. From their whitepaper “Elastos is open-source software whose development process has been sponsored by industry giants such as the Tsinghua Science Park, the TD – SCDMA Industrial Alliance and the Foxconn Group for more than 200 million RMB. Elastos has published more than ten million lines of source code, including four million lines of original source code.”
Beyond its boasting credentials during the ICO, Elastos has consistently been progressing towards its mission. They post weekly update which does not seem to care about the market corrections or bear markets. This is another mark of a company with a mission.
When we think of Cardano, we think of the cluster of mad scientists who may someday change the world or be forgotten as the so-called mad scientists. Charles Hoskinson, his Ph.D. profile team, their IoHK Technology company backing massive initiatives are all unique to Cardano.
In our view, no other blockchain or crypto project comes close to the human capital of Cardano.
There are a few issues with their Daedalus wallet, but their customer support is impeccable. Their road map is rather long and slow for blockchain pace; however, the team’s systematic approach in executing their vision is one to behold. Ouroboros, Cardano’s Proof of Stake, promises to be one of the most mathematically accurate and fair systems out there.
Ouroboros Genesis – New research for Cardano We’re very proud to announce Ouroboros Genesis, a new paper from the IOHK research team. This latest version of …
Use case: Cardano’s use case is difficult to pin down to one or two since its goal is to be the underlying blockchain technology layer for others to build their specific blockchain projects, similar to Ethereum. They have, in fact, wrapped Ethereum Classic into the Cardano ecosystem.
Cardano’s team consists of teams from 3 different entities working in collaboration to bring life to Cardano ecosystem. These include: Cardano, Input Output Hong Kong (IOHK) and Emurgo. Click on those links to see the sheer size and quality of the teams working on Cardano ecosystem, be prepared to be blown away.
Historical progress: Cardano has a comprehensive update section dedicated to keeping everyone up-to-date on where things stand. You can check it here. Here is a video that walks through all the updates that have gone into the project:
Seiza: https://seiza.com/home https://twitter.com/seiza_explorer Yoroi paper wallets: https://www.youtube.com/watch?v=TDus3P0utFc Yoroi Firefox: https://addo…
Basic Attention Token radically improves the efficiency of digital advertising by creating a new unit of exchange between publishers, advertisers and users. It all happens on the Ethereum blockchain. The value of the token is based on user attention, which simply means a person’s focused mental engagement.
Facebook and YouTube make billions of dollars based on content created by its users and the attention of other users to this content. In return, users get penalized with bills for data usage and lost time.
User attention is such a valuable commodity that some of the platforms go to lengths to track user behavior disregarding privacy concerns. Browsers play an essential role in exploiting user behavior to present them with content that grabs their attention so that they can display more ads.
Use case: BAT has one of the most readily realizable use-cases of blockchain and cryptocurrency. The idea is simple. You start using Brave browser. You get free BAT tokens that you can use to tip your favorite publishers. Publishers can also use BAT tokens to reward users for their attention (time) for viewing their ads or pitch. You can consciously choose whether or not you want to view a certain ad (which is not the case in the conventional model).
Historical progress: Brave browser has seen an increase in monthly active users from 1 million at the beginning of 2018 to 5.5 million by the end of 2018. This is only growing by the day as more and more users realize the potential of BAT. As of 2018, Brave app was downloaded on 10 million Android-based smartphones.
According to the unofficial BAT growth tracking website, number of Brave browser publishers has crossed 161,000 as of June 2019. Of the 24,000 website publishers LA Times joining BAT ecosystem made ripples in the financial news market. As of June 2019, the website publisher list includes The Guardian and Washington Post, along with Archive and Vimeo.
Remember, we have not even begun realizing the potential of blockchain and decentralized advertising, and when that becomes a reality and user base reaches over 100 million, it can add a lot of fuel to the limited supply of 1.5 billion tokens.
In our view, Facebook’s recent announcement to create its own crypto, dubbed as Libra, is only an indication of where the blockchain and crypto space is heading, and based on the historical performance of BAT, we excitedly await what BAT does in the future.
Be part of the blockchain revolution, start using Brave browser today. Thank you for using our referral link.
CryptoTapas is a verified publisher on Brave browser, consider leaving a BAT tip.
Basic Attention Token Whitepaper
Our 2nd pick is Icon (Iconex)If you have been following CryptoTapas, you know we are big proponents of ICON. We have been following this project before the ICO to date, and we believe this project has potential. At one point, their marketing and communications sucked, but they fixed it in due course.
One of the most professional teams in the blockchain and crypto space, right from the way they handled ICO with KYC and AML protocols to the way they vetted every profile before releasing tokens to ensure they have not tripped any wires.
How about the fact that none of their founders or team members had once talked about the price action from when it was 11 cents to when it was trading at $15 to when it is currently trading at 35 cents.
The team just keeps their focus intact and presses on to accomplishing the goals on the road map — a through and through professional company in this space.
Use case: ICON is a flexible blockchain platform that accommodates traditional smart contracts, sharding, and even STOs, which got included in their road map.
Team:ICON team consists of veterans from the real business world, not people from academics or day dreamers. In fact, their team size is one of the larger and more professionally organized ones. Look at these statistics.A total of 150 team members. Dan Tapscott, who is an iconic figure in the blockchain space, is on ICON’s advisory group.
JH Kim, ICON’s CEO and Min Kim are favorites in the ICON social circles. Their responses to trolls commenting on their slow progress have been praised by many.
Historical progress: ICON has been surgical in its approach to spreading its reach; not just in South Korea, but in the rest of the world. They have started a grassroots movement in bringing awareness at the university level for blockchain and encourage the brightest to come up with ideas. If these ideas get selected, they are funded by the ICON Foundation along with providing guidance. In a country like South Korea, to be recognized as the National Blockchain platform and to seep into the minds of the future right out of college is a masterstroke and one that shows their long-term strategy.
ICON also introduced a launch pad, which is ICON’s technical support to help companies leverage blockchain technology in their businesses without having to worry about technical guidance.
Their partnerships with Insurance companies, banks, universities, businesses, other crypto projects will probably take up double digit pages, you can check them out here and in our previous updates on ICON here and here.
All in all, they may not rule over the world right away, but they have a good chance of becoming the dominant force in South Korea, and we all know what happens to the technology companies that rule the South Korean market.
ICON will have staking opportunity. The only downside, a big one at that, is that with the consent of node participants, they can keep increasing the supply of ICON at 20% if it is deemed necessary for the overall health of the network.
Our number one long term project pick is…
Our number one on this list will be revealed to our FREE subscribers. Subscribers will get this recommendation, our upcoming eBook: Staying Relevant, and critical updates all for just subscribing. We send no more than one email per week, so you don’t have to worry about spam.
Subscribe here to learn about our number one long term project.
Thank you for reading the article.
Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.
We do not endorse or guarantee the accuracy of the information and claims made.
Buy us a : Keep information FREE. We do not sell what we research. A small tip from you can help us bring you more content like this for FREE.
If you are thinking to open KuCoinaccount, please consider using our referral link.
About the author
RK Reddy holds two Masters degrees, one in Accounting and another in Business Administration with over 15 years of experience in the financial services industry.
RK Reddy is an ardent fan of Blockchain and Cryptocurrencies. You can see the excitement about this new blockchain technology in every article on Cryptotapas.com. Sometimes this excitement leads to an overly optimistic view. Guilty as charged. RK Reddy says “what may seem like an ‘overly optimistic expectation’ today may become an everyday norm in 5-10 years; look at the history of cars or airplanes, Blockchain and Cryptocurrencies belong to a similar frame of reference.” Of course, that is just his opinion.