My Top 10 Cryptocurrency Picks with Practical Usecases
After doing a tonne of research I've decided on my top 10 coins/tokens to hodl for the medium to long term and I thought I'd share my thoughts. Let me know what you guys think...
1. Bitcoin (Payments & Storer of Value)
2. Ethereum (Smart Contracts & DApps)
3. Monero (Anonymous, Private & Fungible Digital Money)
4. ARK (Blockchain Bridging)
5. NEO (Programming Language Layers)
6. TenX/PAY (POS Crypto to Fiat Conversion)
7. Factom (Decentralized Notary)
8. SNYX (Inventory, Sales and Expenses Management)
9. Monetha (Merchant Portal)
10. Civic (Universal Digital Identity)
What are your picks?
There is one more for blogging you forgot :-)
And you didn't include ripple? any reasons?
Good question fred. I think Ripple is definiatey worthy of consideration but being tied to Wallstreet, banks and credit providers could be a really good thing or a really bad thing I think. My concern is how well Ripple would do during a global economic crisis and credit freeze similar to the 2008 crisis or worse. I'm of the opinion that an event like this is not far off in the future and I think that Ripple is more exposed to this kind of risk than the other cryptocurrencies. In addition to that these institutions have a history of being rather untrustworthy. Would be keen to hear anyone else's thoughts on this for sure :)
Agree. I like ripple but only for short term. Great idea, great start up. Their BIG problem is when the bankers decide to DIY & ripple gets dumped in favor of "in-house" systems.
How long that would take I'm not sure.
Steem is also under 'attack' by competitors, and while steemit has a good start, the questio is how well they can manage growth. So far not looking that good IMHO. (based on reports of churn ratio of new users)