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or
1 BTC
I am with you, I was expecting the rally and I still am. This is all my opinion. Market cap doesn't mean much when you are talking about the dominant cryptocurrency, currently what really matters is hashpower, that determines who gets to play. XRP ain't a contender.
The processing power of the bitcoin blockchain continues to grow. I think no cryptocurrency will ever catch bitcoin, the bitcoin blockchain will never be useable and it won't matter how powerful new ASICs become. The main BTC pools are dominant, the core team will never allow a major change and everyone has to get used to it, it is going to be BTC, it is the spine of the crypto-universe.
The next battle will be which coin clears the fiat wall, gets the fiat volume, not value mind you, just volume. Someone is going to move at some point. China can do nothing, the US can do nothing, Russia can do nothing. Anyone failing to get in will be left behind, which won't matter, the systems will co-exist for a long time. If crypto is going to take over the world it is going to start by doing real world transactions, one at a time.
Which cryptocoin will end up being as useable as fiat , hard to say, but I believe it will be one closely linked to the system in more ways than just having a blockchain, it will offer a new ecosystem that can be adopted. Crypto credit card pay variants are popular right now. Crypto phone pay apps are popular as well. Just the fact that NASAA can look at 200 ICO's s is indicative of the momentum. Most crypto will be worthless, some will actually work. A good example of a working cryptocurrency is XMR, it is a working ecosystem and has great utility for certain people. |
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