Almost everyone in the current era is aware of the popularity of Bitcoin. The digital coin introduced back in 2009, has given a new dimension to the financial world with its decentralized mode of transactions.
It was the first cryptocurrency to launch the electronic cash system and hence grabbed a lot of eyeballs investing an ample amount of time researching Bitcoin.
Journey of Bitcoin
Bitcoin since its invention is leading the cryptocurrency world with its high returns. Many other crypto coins like Dash, Ripple, Litecoin, etc have also gained popularity over the years but are unable to perform like Bitcoin.
It has been the most user-friendly crypto coin that anyone can trade easily at all exchanges. It has got some of its authenticated exchanges like Coin base, Binance, eToro, cex.io, etc.
You can check out the exchange’s official sites to know more about trading software.
Bitcoin showed significant growth till 2017, but from the latter part of the year to 2018, it had a major crash down. While Bitcoin is trying to pick up its pace this year, the question is what can be the next big thing after Bitcoin?
Next big things in the crypto world
Ethereum. This is one of the finest competitors of Bitcoin.
In a few aspects, it is also considered superior to Bitcoin and sometimes the best Defi crypto.
In the first quarter of 2019, the price of Ethereum started at $102 and ended at $140. In the second quarter, the price soared to $177 with a 27% full boost. From a slight dip of $155, it came to around $180 in the first week to the recent price rate of $263.97.
The performance is not excellent but quite stable so far yet in 2019. Apart from crypto trading, Ethereum is also used for D-apps and Smart Contracts development. So, it can be the next big thing after Bitcoin.
Stablecoin. Stablecoins have their value associated with real-time assets like any commodities, gold, or fiat currency.
It comes in two forms- The Reserve-backed and Algorithmic.
The Reserve-backed coins are backed by 1 to-1 reserve of their associated currency. You can exchange it with fiat currencies on 1 to1 basis and store it in a bank. The Algorithmic Stablecoins are still under development and are currently few in number.
Stablecoins can also be redeemed. So, basically, it is a new crypto coin with better security.
Blockchain Improvements. Blockchain-operated Bitcoin and other cryptocurrencies themselves are on the way to many improvements.
While the Danish shipping giant Maersk is testing it to keep track of cargo ports, Walmart is implementing it in its tracker system to identify each stop a product reaches while coming to the store.
Financial companies are testing it for interbank money transfers and creating stock trade platforms, aircraft makers are trying to utilize it for identifying the disparate jet parts; and many other big and small improvements.
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