If you’re reading this, chances are you’re familiar with what I call “The Big 3” Bitcoin, Ethereum and Litecoin. These are the most well known of coins and to this point the coins with the largest proof of stake. Had you invested in any of these cryptocurrencies before they exploded in both price and popularity chances are you made some significant gains on your investment. Unfortunately for most of you, it was too late to get involved in these projects by the time you knew of them and they already exploded in price. Since April of 2010 Bitcoin has seen it’s price rise from $0.003 to more than $4400 recently in August of 2017. In March 2010, user “SmokeTooMuch” auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found. That simple $50 investment would have returned you over $44,000,000 in gains.
The point is this: crpyto is here to stay and in the process of adaption has the ability to make you rich. Here are what we believe to be 3 of the best altcoins that could match, or eclipse, the performance of Bitcoin.
Ripple (XRP): We all know how much of a pain it is to transfer someone money, especially if it’s going overseas. We have to send it from our bank, then it goes to an intermediary to audit, the auditor then sends it to the receiving bank. After 3-7 days and some hefty transfer fees the receiver has their money. This is extremely costly and inefficient for consumers and large institutions. There’s no way through the current fiat system to send money to another country TODAY! Unless of course you were willing to fly over there with a suitcase of cash but the odds are you’ll have to wait a few days before the bank can give you a large sum of cash anyways. Ripple and their XRP token allow peers to transfer money to ANYWHERE in the world in a matter of seconds with very, very low fees. Ripple plans on revolutionizing the way we send money. They already have close to 100 banking partnerships who will help Ripple and their team make XRP the golden standard for global currencies. We see XRP reaching $10 by the end of 2018.
Ethereum (ETH): In our opinion Ethereum has the most potential of ALL cryptocurrencies. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk. There are hundreds if not thousands of projects being built on the Ethereum platform and as more people begin to use and are introduced to Ethereum the price will skyrocket. We see Ethereum reaching $5,000 by mid 2020.
SiaCoin (SC) is a cryptocurrency which will change the way we use cloud storage and their team has their heart set on overtaking the market currently dominated by Dropbox, Microsoft, Amazon and Google.
Today’s most popular cloud storage services upload customer’s data to a central location where it is controlled and exposed to database breaches, accidental loss and personal data misuse. The technology which was meant to protect us can also fire back and hurt us!
Through Sia, uploaded files are encrypted, multiple copies of your data are securely stored across multiple hosts ensuring data loss and snooping is a non issue.
What makes Sia great is that anyone can participate and get paid for leasing their spare storage space (something many of us have with the price of hard drives being so low). When an uploader and a host connect a contract is formed called a ‘smart contract’ which allows the renter to receive payments in exchange for their storage space being used.
SiaCoin is on pace to revolutionize the cloud storage industry.