As another year draws to a close, it’s time to start looking forward to what next year may (or may not) have in store for us. From a cryptocurrency perspective, there are nearly 2,000 cryptocurrencies available on the market. But which digital currencies are worth your time and money?
The end of 2018 has been rough on the cryptocurrency market. Many coins have seen significant losses, but that doesn’t mean it’s time to throw in the towel. There are several digital coins worth taking a long hard look at as we move into 2019.
Determining which projects to invest in can be challenging and time-consuming. It’s never easy to know whether a coin is legit or if it’s just a sham intent on taking your money. Sifting through all the different cryptocurrencies requires an inordinate amount of effort. To that point, we’ve established a list of the best penny cryptocurrencies to consider for 2019.
Before we get started, please remember that this is not investment advice and you should not consider it as such. With that out of the way, here are some projects we believe show promise as we head into 2019.
Stellar Coin (XLM)
Stellar is a cryptocurrency specifically built to offer an efficient and quick method to send international payments. The aim is to do so while avoiding a lot of the fees typically encountered when sending global payments. Instead of targeting large financial institutions, as Ripple does, Steller focuses on individuals.
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Many people make use of a financial service like PayPal for online international transactions. Unfortunately, PayPal wants their “cut” which is 5% of each payment. However, Stellar offers these same transactions at a fraction of the cost.
For example, a decentralized app (dApp) running on Stellar’s blockchain can process over half a million transactions. The cost? One cent. How does Stellar keep the cost so low? For starters, it avoids the Proof-of-Work (PoW) method associated with Bitcoin for verification purposes. Instead, Stellar uses a consensus protocol, which the company patented.
Stellar’s performance will depend a lot on how the market responds to the technology. Initial indicators are positive. Many large companies like IBM have shown a great deal of interest in implementing Stellar. Therefore, its underlying token, Lumens, has the potential for considerable growth in 2019.
Cardano Coin (ADA)
Cardano is considered by many as one of Ethereum’s most significant competitors. With a solid supporting staff, this cryptocurrency delivers a more functional and easier to use smart contract. While some view Cardano as an ambitious company – it has yet to realize many of its milestones – the currency could turn the smart contract world on its head if it can deliver.
Currently, however, there is speculation surrounding whether or not the team can implement the milestones listed on its roadmap. The challenge lies in turning their concepts into a reality in a working system.
If it can, however, then expect Cardano to break out in a big way in 2019. Cardano is trustless and permissionless and shows plenty of potential for a crypto in which you should consider investing for the coming year.
Power Coin (POWR)
Power Ledger is a cryptocurrency powered by blockchain which focuses on energy trading. Its primary aim is to decentralize the trading of renewable energy. Businesses and home will have the ability to sell off excess power. It would return to a local microgrid or purchased by a traditional electric company for the going rate.
For stability, Power Ledger employes a dual token system, POWR and Sparkz. It tethers Sparks to a local fiat so that any fluctuation in the value of POWER won’t impact the cost of energy. Power Ledger already has several deals in place, including Project Brainstorm and Nest Energy.
Recently, Power Ledger has announced two events which give it plenty of potential for the new year. First, it shared its first commercial deployment, partnering with Greenwood Solutions. Second, it has established a clean energy partnership with Helpanswers, a not-for-profit in North America.
As you can see, Power Ledger is making some noise in the energy industry. Its plans to create decentralized energy trading is disrupting the market and making Power Ledger a cryptocurrency worth investing in for 2019.
Nimiq Coin (NIM)
Nimiq is a payment system running on a browser-based blockchain. What’s even better is that this means that you are able to connect to the blockchain without any downloaded software. That’s a massive win for censorship resistance, as you don’t need to connect to any untrusted third party servers.
Nimiq understands that many transactional cryptocurrencies are simply too difficult for your typical internet user to figure out. In response, Nimiq has dedicated their efforts to providing an ‘it just works’ experience and simplicity. Maybe they have taken a leaf out of Apple’s playbook.
There are many different crypto payment systems out there. However, few have been built for mass adoption or have the host of features that Nimiq’s browser-based ecosystem offers. NIM seems to have gone under the radar of many crypto enthusiasts and we think that anyone taking a closer look at the project will be scratching their heads and wondering why it’s not more well known.
From a purely market capitalization perspective, Ripple ranks second only to Bitcoin. Launched in 2012, the Ripple protocol offers users access to its network with the intent to transfer money. It does not matter how large or small the transaction is that takes place.
Ripple keeps user costs low by using a common ledger. This ledger is validated and maintained by a network of servers which are continually comparing transactions. Therefore, Ripple doesn’t require the energy-hungry PoW requirements that make Bitcoin unappealing to some investors.
Currently, Ripple is waiting on a federal case that will determine whether or not the cryptocurrency is a security. However, Ripple will rise or fall based on how widely payment processors, banks, and other financial institutions use it.
For the token to have value, massive adoption needs to occur. Don’t sleep on this coin though, because several large financial institutions, banks, and payment providers have expressed significant interest in using Ripple.
Tron Coin (TRX)
Like many other cryptocurrencies, Tron has had a rough fourth quarter. While its performance has been shaky, the coin is still the 13th largest digital currency in market capitalization. The expectation for this project to perform is high.
While Tron has struggled to impress investors, most coin holders have felt the need to switch to other currencies to fill in the gap. Tron, however, has moved on from these early struggles and is beginning to come into its own.
For starters, the coin is now on Bittrex, one of the world’s biggest cryptocurrency exchanges. Additionally, Tron has been developing and building up support for dApps specifically for use on its platform.
Justin Sun, Tron’s high-profile CEO, has made it a point of showing users just what the Tron platform is capable of doing. Not only in the here and now, but in the coming years as well. Sun also talked of integration of a new Tron-based token which owners can use on its platform.
The purpose of the token is to provide users the ability to share files on the Tron network as well as create faster downloads for everyone. These features would be available on Tron’s desktop and mobile offerings.
Tron wants recognition as a resident of the top floor of the cryptocurrency market. With the plans it has for 2019, don’t be surprised if it does so. As Tron moves into the next year and continues to develop a high-quality system for its users, it might be time investors gave it the consideration it deserves.
IOTA Coin (MIOTA)
IOTA makes this list primarily because of its involvement with the artificial intelligence industry. Basically, IOTA plans to use a decentralized value exchange, which will allow machines to communicate amongst themselves. This technology doesn’t run on a blockchain, but it does use its own ledger, referred to as Tangle.
Tangle provides instant and free transactions in a trustless and permissionless environment. Additionally, the technology is more secure and scalable than blockchain. This innovative concept which lacks any real competition makes IOTA the first in the decentralized AI sector.
IOTA provides its users with a secure, lightweight, and efficient platform that performs real-time transactions without charging fees. The IOTA system is decentralized and open-source, ideally engineered for AI and the Internet of Things (IoT). This real-time system is flexible and ready for scale.
Given the fact that IOTA is targeting the AI and IoT industries and want to take it to the next level makes many investors confident in the long-term success of this coin. If you’re into AI, IoT and the associated technologies, you might consider taking a long look at IOTA.
Basic Attention Token (BAT)
BAT is a cryptocurrency developed with digital advertising in mind. Lending immediate credibility to the coin is Brendan Eich, co-found of Mozilla’s Firefox browser. The BAT token creates an exchange between content consumers and those who create it. It’s without a doubt a coin to keep an eye on in 2019.
BAT aims to create a platform which helps to eliminate intermediaries in the digital advertising space. The company does this by paying internet users directly for their participation in the BAT community. Simply put, content creators have a platform on which they can put their content. At the same time, consumers browse the web, with BAT tokens used as incentive.
The Brave browser is powered by the token, which is what brings the BAT community together. Based on the BAT team, the Brave browser has the ability to detect and thwart adverts and malware. This is done primarily to protect the privacy and security of its users as they go about their lives on the internet.
While it is not yet available, BAT also plans to release an option which pays its users to browse the internet. It will give them the opportunity to view ads based on their interests, earning BAT tokens as they do so.
This type of platform which connects users with content producers, and allowing them to earn BAT while they do so, is why BAT is making noise in the world of cryptocurrency. That’s why it’s on our list of best penny crypto’s to invest in 2019.
ICON Coin (ICX)
ICON is a cryptocurrency project which focuses on a dApps platform created to allow companies to share information privately and securely easily. This digital currency lets independent blockchains connect back to a core chain. The central blockchain is controlled and managed by its own rules. However, ICON does not sacrifice compatibility in the process.
The ICON digital currency primarily focuses on use cases which involve insurance companies or hospitals. For example, if a patient has an operation or procedure which insurance should cover, the hospital can send the details of the patient to the insurance company via the blockchain. This helps to eliminate a lot of wasted time and effort.
ICON has spent the past year getting things done. In Q1 of 2018, the project launched its Mainnet 1.0 initiative. ICON also released a multi-cryptocurrency wallet known as ICONex and also established partnerships with many new exchanges.
In the future, ICON plans to focus on several key areas, including education, healthcare, banking, and insurance. Its development team plans to release specific tools which will coincide with the company’s efforts as it expands into each sector.
ICON plans to use 2019 as its opportunity to promote and spread the word about its technology. This and other efforts in the works for the ICON coin makes this a great cryptocurrency to keep an eye on in 2019.
Modum Coin (MOD)
Modum is a cryptocurrency which offers great use cases in the blockchain supply-chain industry. Yes, the coin wants to be a leader in this industry. However, the company has chosen to spend its time in the pharmaceutical sector specifically. Modum intentionally chose this market due to viable opportunities that align with its solution.
This type of market focus allows Modum to define a solid strategy that the cryptocurrency can use to develop future use cases in other sectors. Additionally, Modum’s dashboard and application solution resolve specific needs within any applicable industry.
While the pharmaceutical industry is the initial market Modum is targeting, its solution can be integrated easily within other sectors. This helps to broaden the cryptocurrency’s reach. With its sensor’s capabilities, Modum can offer support for additional industries, which makes expansion into future sectors a breeze.
Modum also has several high-profile partnerships which will help the coin grow and expand in the future. In addition to scalability, these types of relationships also serve to provide credibility to the Modum cryptocurrency.
The Modum project is promising in that it combines two prolific technologies, using the best of each to create a product users can rely on. With Modum’s hardware, senders and receivers of pharmaceuticals (for now) have the ability to monitor real-time environmental factors as they move throughout the supply chain process.
With all of these features and capabilities combined into one project, it’s not hard to understand how Modum can be viewed as an excellent penny crypto to consider for 2019.
When considering which crypto’s to invest in for 2019, there are a few factors to weigh when making a decision. For instance, the development team and leadership of a cryptocurrency can have a significant impact on how well it performs. Therefore, it might make sense to do some research on the top tier management of a cryptocurrency prior to investing.
Additionally, you may want to determine whether or not the project meets update targets and technical milestones. These can make a big difference in the value of a cryptocurrency, along with how the community views the coin. Look for coins that have been in the market for a while and are transparent and clear about their long-term goals.
The last quarter of 2018 has seen a lot of cryptocurrencies get hit hard from an investment standpoint. However, there is plenty to get excited about for 2019. Many of the coins on this list are looking to disrupt their respective industries and bring blockchain and cryptocurrencies into the mainstream.
If you are interested in investing in any of these cryptocurrencies, then you should take time to analyze all the factors that help make your decision. Gather information and data to determine whether or not the coins listed here are ones that align with your investment strategy.
Disclaimer: The TotalCrypto team holds some NIM in their portfolio and is compensated in a long-term independent consulting capacity by Nimiq. This article must not be construed as investment advice. Always do your own research.