As Facebooks Libra continues to rub central banks and other high profile financial institutions the wrong way, there are other crypto projects that continue to shine in the background. Things are looking gloomy for Libra and its early partners appear to be taking a low profile to avoid being targeted by the regulators.
After Mark Carney the Central bank of England governor, said that similar projects to Libra are set to replace the USD, eyebrows have been raised towards the number of private companies that are backing the project. The question being raised is to whether central banks should have a digital currency to counter the Facebook move.
Salient Crypto Coins to Watch Beyond 2019
Away from the Libra controversy, the crypto market appears to slow down and investors are repositioning themselves by reducing their positions before the market gains traction. However, a quick look at exchanges of repute indicates that shot term trades are on and the top performing coins appear to offer a good value proposition for the last seven days.
Ethereum Classic (ETC) Hard Fork
The performance of Ethereum Classic in the past few days has been impressive. Many analysts are attributing the rally to the anticipated hard fork; the Atlantis scheduled for September. While making the announcement, ETC Labs indicated that the London based North Block Capital Investment will play a vital role in expanding the coins Asian market.
The Asian market hold a lot of potential for ETC and any increased visibility and uptake will give the coin good exposure beyond 2019. ETC has been struggling to maintain the $10 mark and a dip, in line with the bear market, might entice more investors staking and this will turn around its value in the near future.
MIOTA (IOTA), the Modern Tech Crypto
Going by the recent IOTA performance and its route to market value proposition makes the ecosystem highly sustainable going into the future. It recent performance is pegged on the announcement of the EDAG City Bot; a multifunctional robotic vehicle that rides on the IOTA machine-to-machine transactions.
What’s more; IOTA Tangle has a brand new parking App which has been developed by Tirve.me. With such developments, MIOTA future looks bright and investing in it now is a sure fire way of getting positive return in the long run. It is also a good crypto entry point and the bear market makes it the best time to buy.
Cardano (ADA) Fighting for Top 10 Slot
The last one month has seen Cardano (ADA) indication of fighting to get back to the top ten by Mcap. ADA has surprised many from what critics called a platform without a product to what it is now; an ecosystem with the best use cases across the globe.
ADA might be trading under the $.05 but this is a clear indication that it is poised to win over the bears. Traders are keep on stocking up the coin as they anticipate a strong rebound to above the $0.03 mark with a clear indication of a moving average break out to the $0.1 mark by close of 2019. This makes it a good buy before the bulls take control of the markets.
Stellar (XLM) Strong Institutional Bonds
Stellar Lumens (XLM) performance has been steady for the better part of 2019. This could be attributed to the trust the platform commands from high profile institutions. IBM has on several occasions been working with the platform to build systems of the future.
Cryptocurrencies are volatile and the shifts in prices tend to keep investors away but XLM has maintained a steady balance between the drops and spikes and this makes it more suitable for the long term investor. The coin has no history of manipulation and this is a good buy choice beyond 2019.
Tags:
Ethereum Classic (ETC), MIOTA (IOTA), Cardano (ADA) and Stellar (XLM)
