Top 5 Safe Holdings for Future Bull Market: Bitcoin, Ethereum, IOTA, Vechain, BAT
Market situation
The bear market has been live for almost 11 months and all cryptocurrencies significantly lost in value.
While its obvious a lot of blockchain project swill 'soft exit' where they finish development & end their roadmap while allowing the project to die. There is also a lot of legit projects that move with development and are trying to create a successful project.
If you like the idea behind cryptocurrency but are also a careful investor you could try to investing into safer options.
The next 5 projects are established, reasonably far in development and are supported by legit team and partnerships.
Bitcoin (BTC)
What is it?
The original cryptocurrency and basically a form of electronic cash. It is a decentralized digital currency without a central bank or a single administrator. The original, oldest and dominating cryptocurrency.
Current situation
Even though Bitcoin lost a lot of value in the last 10 months it has still been outperforming altcoins (with exception of stablecoins). It is the first cryptocurrency that usually moves in value.
Why you should have it?
Bitcoin is the most popular cryptocurrency and one that has the most adoption. Bitcoin also dictates the prices of other cryptos and many people see it as something they are required to have in their portfolios. It is also the most used and available cryptocurrency. ETFs and Bakkt will also be mostly concentrating on Bitcoin.
Market cap placement: 1st Current mcap: $73B Current price: $4.2k
Ethereum (ETH)
What is it?
Open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM)
Current situation
Ethereum has been struggling very bad recently and lost more value than most altcoins. This is mostly due to ICOs dumping their Ethereum tokens so they can continue development. This caused Ethereum to lose second place to Ripple.
Why you should have it?
Ethereum is the most widely used dapp platform currently out there with over 90% of the projects in the top 100 in terms of mcap some of them are bound to be very successful which would increase the demand for the Ether. Unlike BTC, ETH actually has uses
Market cap placement: 3rd Current mcap: $12B Current price: $118
IOTA (MIOTA)
What is it?
IOTA is an open-source distributed ledger that concentrates machine to machine economy mostly micropayments between machines. IOTA is unique since it doesn't use blockchain like most cryptocurrencies and since there are no transaction fees making it perfect to machine to machine payments.
Current situation
IOTA hasn't been doing great but the team is very active with developments, annoucements and also there is several impressive partnerships: Bosch, Fujitsu, VW and more - all of those could potentially use IOTA in the future.
Why you should have it?
The partnerships are promising, the team large and activ and the technology promising without major competition. The current valuation is actually quite low.
Market cap placement: 13th Current mcap: $832M Current price: $0.30
Vechain (VET)
What is it?
VeChain is a global enterprise level public blockchain platform that aims to connect blockchain technology to the real world through smart chip used to track items throughout their lifecycle. It is also a platform like Ethereum where dapps can be built.
Current situation
Vechain had mainnet launch and token swap which increased and then decreased the price. What is interesting is that Vechain has constant significant annoucements about developments and partnerships and yet they rarely increase the price.
Why you should have it?
Vechain is working closely with DNV GL (global provider of assurance service) and together they secured many different partnerships. Development is active, team significant and valuation quite low.
Market cap placement: 23rd Current mcap: $281M Current price: $0.005
Basic Attention Token (BAT)
What is it?
Basic Attention Token is trying to create a decentralized and transparent digital ad exchange, based on the blockchain. BAT project is already operational and based on the Brave browser where users share tokens based on how much they watched the sites.
Current situation
BAT is one of the few blockchains projects that is already operational and incorporated within a working ecosystem. It's also one of the better altcoins out there this year. The recent Coinbase listing has proven that it is one of the most established altcoins out there.
Why you should have it?
The incoroporation of BAT in the Brave browser is well planned out and the Brave browser by itself is really well done and can compete with Chrome/Firefox. This is one of the best cryptocurrency applications that can bring crypto to the masses.
Market cap placement: 28th Current mcap: $206M Current price: $0.17
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