Howdy,
Mostly everyone in on the know agrees that cryptocurrency has the potential to be and is a revolutionary novel technology. However, cryptocurrency pundits are often at odds at what the future of the cryptocurrency space is. Here, I provide a short analysis of what I think the short-term future of cryptocurrency is, given no dramatic change in legislation that will negatively impact coins.
While Bitcoin has been slowly integrating itself into the mainstream, less known coins have also been developing fruitfully behind the scenes. During this current bull run, Bitcoin has reached an all time high price of $24,472.39, up from an all time high of $17,035.70 three years ago on December 12, 2017. While this mainstream attention and investment into Bitcoin is mostly warranted, alternative coins that provide a much higher practical utility to economic practices of our modern world have not enjoyed any significant attention or price increase.
An example of a cryptocurrency that has not enjoyed this recognition of merit and according growth is Ethereum. Ethereum reached an all time high of $1,301.31 in January 15, 2018 and is only $630.19 today despite the fact that Ethereum adoption and gas usage has been exponentially growing and the technology itself offers innovative smart contracts, ability to create other specialized, workable coins, and scaffolding for DeFi.
Ethereum is not the only alternative coin that offers higher utility than Bitcoin and has received little to no attention. These asymmetry of information offers an opportunity to invest in the right alternative coins and cash in on the disproportionately high risk to reward ratio over the the next year(s).
Best luck to everyone in these interesting times.
