Three Coins Most Likely To Survive In The Long Run

With the crypto market dropping by nearly 60%, investors are beginning to wonder, is this the end of the crypto party? Well, it might be, depending on the coins that you have invested in. I say this because there are many coins in the market right now that have no utility in the real world. In fact, if you look at it critically, even bitcoin doesn’t have much real-world use, other than for speculative purposes. Don’t believe it, analyze it this way. Between January 2017 and Mid-December, the value of bitcoin skyrocketed from $1000 to $20,000. Was this growth backed by any growth in fundamentals? Was there any real growth in the number of companies using bitcoin? Did its functionality become any better? Absolutely not. That alone is enough to tell you that bitcoin has been nothing but a speculative bubble. Now that the crypto bubble seems to have burst, I believe the only coins that will survive and grow in the long-run are Ethereum, NEO and NuBits. Let’s go through each of these three then you will understand why.

1. NuBits

Ever noticed something common in most cryptocurrencies. They all have one selling point, and that’s the idea that they will one day replace fiat currency by giving power back to the people. But a quick look at the market right now, do you see most of these coins achieving this end? The answer is a big NO. You know why? Because they are all speculative. Why would someone spend bitcoin to buy something yet there is an incentive to hold on to that bitcoin and hope that it appreciates in value tomorrow. Now that’s where NuBits beats them all. NuBits is designed to move in tandem with the dollar. In other words, you can pretty much expect the value of 1 NuBits to be 1 dollar next week no matter what happens in the market. Now that’s how money works! No one has an incentive to hoard it, hoping that it will shoot up next week. On top of that, NuBits allows for almost fee-less and instantaneous transactions. That’s a property that can easily see it replace most conventional modes of payments available. These are attributes that will keep NuBits in the market for years to come.

2. Ethereum

Ethereum is another practical platform that has a real value in the market. This platform is designed to enable for the creation of smart contracts. The adoption of Ethereum has been so good that even governments are considering using it as a way of increasing efficiency. Given that Ethereum solves a real world problem, expect it to be around and grow in value for years to come.

3. NEO

NEO is a smart contracts platform, a high growth area of the crypto eco-system. On top of that, NEO also comes across as the favored crypto of the Chinese government, going by how the government has handled it, even as it shows negative sentiment towards other cryptos. Given that China is one of the biggest crypto markets in the world, it is not hard to see why this coin will be around for many years to come, and continue to grow in value.