Bitcoin has had an interesting 2019. The maiden cryptocurrency has shown a resurgence from its 2019 low point of $3500. Market analysts are predicting Bitcoin will surpass its all-time high of $20000 witnessed in 2017. By the time of writing, Bitcoin was trading at $7,767 with a market capitalization of $137 Billion.
The Bitcoin resurgence has been vital in pulling up the cryptocurrency market. A number of cryptocurrencies have been trying to keep up with Bitcoin’s improving prospects. In this article, we look at three cryptocurrencies that can keep up with Bitcoin’s current bull run.
Ethereum is the second largest cryptocurrency with a market capitalization of $25 Billion. By the time of writing, the asset was trading at $241.17. ETH has not been left behind with the current bull run. Already, the year is looking bright for Ethereum based on a number of developments with the community.
Ethereum will continue to attract institutional investors based on the proof of concept feature. Furthermore, more platforms used for trading and more demand for digital currencies, increased use of smart contracts and the decentralization of cloud computing will propel Ethereum to greater heights.
Additionally, Ethereum’s large developer pool will see the crypto trade at over $500 at the end of 2019.
XLM is currently ranked in the ninth position and trading at $0.124 with a market capitalization of $2.3 billion. Even before the current cryptocurrency market bull run started, XLM was showing signs of positive performance. Notably, the asset has increased in value by over 60% within the last three months.
XLM is also attracting a number of institutional investors on board. Deals with firms like IBM and Deloitte should position XLM as a potential Bitcoin competitor. If the banking sector buys into the XLM technology, the asset will be closing the year by about $1.
Cardano is among the cryptocurrencies that are appealing to the mainstream industry with the potential of mass adoption. ADA is working around the clock to attract more investors. The platform has attracted deals with a number of leading companies to create awareness about the real world application of Blockchain technology.
By the time of writing this article, ADA was trading at $0.077 with a market capitalization of $2.1 billion. The all-time high value of Cardano was witnessed in January 2018 when it traded at $1.15. Despite the drop witnessed in the course of 2018, ADA is showing signs of improvements.
The best for ADA is along the way. With the latest partnerships and announcements, ADA can hit the $0.5 price mark by the end of 2019.