Blockchain invention came into existence in early 2008. This technology has been ruling the world by making revolutions in all sorts of industry. If you are a person surviving in the Crypto industry, you would know the changes it has already caused. One such live example is about the person Kristoffer Koch. He is a Norwegian man who decided to buy 5000 Bitcoins in the year 2009. At the time, the price of 5000 Bitcoins has been just $26.60!! When you consider the present market, the price of the same amount of Bitcoins is $58540500.00. Koch now has an Apartment purchased with all sort of expensive facilities in Oslo, Norway. Great thanks to the Bitcoin price surge every day!
In addition to these Bitcoins, other alternative currencies such as Ethereum, Litecoin, Ripple, IOTA, Dogecoin, DASH coins too have lengthy success stories. In these most Promising Altcoins list, let me explain you the success history of Ripple (XRP). In 2018, Ripple added itself to the Best Performing Alt coins when it gave results from the first Pilot test by saving upto 40-70% of FX exchange rates. This success included the factors lies cutting down the additional time for cross-border payments, faster settlement of transactions, etc.
With these prolonged stories, this article will guide you with the solution of where the cryptocurrencies and the future of crypto are heading towards!
Where is the Crypto Industry now?
As Crypto Markets manage to position themselves in the Financial Headlines, there are no doubts that this will probably still will uprise in the coming years. For now, both the Bitcoins and other most Promising Alt coins are skyrocketing at a high price. Thus, the industry is experiencing the entry of newbies in the market with its potential growth. Once they are being guided in the right path, there are an ample amount of profits that can be risen in the Cryptocurrency Industry.
What would be the Future of Cryptocurrency?
Initially, let us have a look at the previous performance of Bitcoins and Altcoins in the crypto industry. It was in the year 2014-2015 when cryptocurrency markets were stagnating. Within this one year, the market actually lost the value around 75%, According to Coinmarketcap. Experts come up with the following set of reasons such as the notorious Mt.Gox crash, speculative trading, and regulatory clampdowns. All these factors laid the path to lose interest for investors. It was in January 2018, the cryptocurrency market got to experience and unlock the true value of profit for the investors. The price of Bitcoin reached a total of $20,000 by getting renowned as the “the best-performing asset of the decade”. While comparing both these scenarios, the list of survivors drastically changed when only seven currencies were still ranking in the top 20. Thus, Bitcoin and one of the Most Promising Altcoins Ripple emerged to be the popular cryptocurrencies.
|“Bitcoins are currently created at the rate of 25 Bitcoins every 10 minutes and will start capping at 21 million, a level that is being expected to get reached in 2140.”|
While looking at the future of cryptocurrency market, it is highly unpredictable. Crypto Enthusiasts and Experts in the industry argue that “the total Cryptocurrency Market Capitalization of the currencies could surge over the next five years, uprising to $5-10 (trillion)”.
But the promising factor is we can expect the existence of new Alternative Cryptocurrencies along with the Bitcoin and could witness the solution for the most wanted query “Will Altcoins Recover?”. Here is the list of Most Promising Alt coins to invest in the upcoming years:
This is yet another future of cryptocurrency with the primary motto of “codify, decentralize, secure and trade just anything”. As of July 2019, the price per token is around $29,368,969,781 with an overall supply 106,867,649 ETH in the market. This is the best and the Most Promising Alt coins to invest in.
Unlike the other cryptocurrencies, Mintchip Altcoin is the creation of a Government institution, specifically the Royal Canadian Mint. It is a smartcard which holds the electronic values and can transfer it securely from one chip to the other. Similar to Bitcoin MintChip doesn’t require any personal identification.
Being launched in 2011, this currency is often termed as “silver to bitcoin’s gold”. As of July 2019, Litecoin has a supply limit of 62,424,175 LTC with $104 per token value. With its high-end open-source global payment network, it has a faster block generation by catering to instant transactions.
As we have discussed the success story of Ripple just before, it is still going to get continued in the upcoming years without doubts. The price of per Ripple token is $0.344081 with a total supply of around 99,991,588,101 XRP.
This is the most secretive version of the Bitcoin. It offers more anonymity and works in on a decentralized network. For now, the price of per Dash token is $146.73 and the total supply is 18,900,000 DASH.
Why should you invest in Cryptocurrencies?
With the drastic growth of these cryptocurrencies, this can be the right time to invest in Cryptocurrencies. If you ask, “is cryptocurrency the future?” the answer will be undoubted Yes! Here are certain reasons behind this scenario:
Returns that you never imagined
As we were discussing the price rates of Bitcoins and other Promising Altcoins, you can get an unimaginable return more than you expected. There are hundreds of coins which can achieve similar or even better rates of return as Bitcoins.
Investors getting educated
As the Cryptocurrency industry is becoming increasingly popular, the future of cryptocurrency is promised. A new set of investors, traders, sellers, buyers, are getting into the market every day. With the increased ideological empowerment, the prices of these cryptocurrencies will still uprise.
There are already few nations which have legalized cryptocurrencies. Additionally, these governments have provided voting and other legal rights to the traders who hold Cryptocurrencies. Thus, we can expect a good number of nations to get into this list by making the rights bragged to the citizens.
So, How to start bitcoin business? What are some Crypto Business Ideas in the industry?
If you are one such person, here is the list of bitcoin business opportunities to get started easily:
Building Cryptocurrency Exchange
A Cryptocurrency Trading Platform is one where a huge number of investors and users sell or buy cryptocurrencies. In return for this, they pay a small percentage of the amount as the trading fee. By this way, the owner of the Cryptocurrency Exchange gets benefited. The popular Bitcoin Trading Platforms such as Coinbase, Binance, Localbitcoins are reaping profits every day.
This is one of the business ideas with blockchain. By offering a responsive and user-friendly interface, instant transaction facility, high liquidity, etc there are greater chances to gain more and more users in your exchange.
This is one of the crypto business ideas where a startup or an enterprise which is looking to raise the funds for the project or ideas creates and sells tokens to the investors. In return, the investor is responsible to pay them through Bitcoin or fiat currencies.
There are many reasons why people are looking for crowdfunding but in traditional crowdfunding, the donations are often limited to the country of origin since it is too costly to make them from abroad. But with Blockchain Cryptocurrency Crowdfunding one can easily get the required funds.
Building Cryptocurrency Wallet
Cryptocurrency Wallet is a one in which manages and stores the cryptocurrencies and private keys. These crypto wallets are often integrated into the Cryptocurrency Trading Platform. Starting a Wallet as a service platform in a secure way on behalf of your users will be great. For this purpose, you can charge a piece of fee as subscription charges.
These are the three simple yet great crypto business ideas you can do instantly if you have a question of “how to start bitcoin business?”.
In all these three ideas, make sure you hire the right solution provider with an excellent team, We at Zab Technologies, the premier Blockchain Development Company assist you with all these primary factors by bringing in the expected output you need.
If you still need ideas on them, you can contact us right away!