The year is almost over, and in all likelihood, it could be largely uneventful for the crypto market. However, this could be a wonderful time to accumulate on good cryptos that have solid fundamentals backing them up. But, looking at the market right now, which cryptos stand to give an above average return going into 2019? Well, looking at individual crypto fundamentals and overall market dynamics, Vechain (VET), Monero (XMR) and Litecoin (LTC)) could emerge as top performers in 2019 and beyond.
Vechain (VET) makes for a worthy long-term hold because both its internal fundamentals and the overall market dynamics do support its growth. Vechain has one of the best-organized teams in crypto. It has close to 100 tech experts working to ensure that everything works as it is supposed to work. It is on the strength of this team that Vechain has secured partnerships with top companies including PWC, BYD among others. The strength of the Vechain team is a major plus to its long-term growth.
Externally, there is a real demand for Vechain and its value offering. For instance, the fact that it can leverage blockchain technology to curb counterfeits gives it a huge opportunity in industries as diverse as fashion, liquor among others. These are billion dollar industries and the fact that Vechain has a huge utility in them makes it a high growth blockchain, with a good shot going into the future. It definitely has good prospects going into 2019 and beyond.
Monero (XMR) has pretty much built itself a reputation as one of the best privacy coin in the market. With the upcoming grades that are scheduled for the 18th of this month, Monero (XMR) will have solidified its position as the best and most reliable privacy coin in the market. Going into 2019, as Monero strengthens its market position, its value will continue to grow.
Externally, Monero (XMR) will be driven by both the black market and from the offshore banking markets. Offshore banking destinations are increasingly being cracked down on by governments as they look to rake in more taxes. This makes Monero a worthwhile alternative for people looking to hide money from governments. As this gains traction, the value of Monero (XMR) will shoot up significantly.
Litecoin (LTC) has built itself a reputation as the more efficient payments side to Bitcoin (BTC). One of Litecoin’s key strengths is that is decentralized while being usable as a currency. Litecoin has also been making updates to help make it better. Externally, Litecoin (LTC) has been gaining traction in terms of adoption as a currency. It is one of the most widely used cryptos out there.
As more people turn to decentralized currencies because they can’t be censored, Litecoin will continue to grow. Besides, it is heavily tied to bitcoin, which means that if bitcoin makes gains in 2019, Litecoin will follow it closely. With a possible bitcoin ETF on the way, there is a good chance that it could hit $100k, and that would be a huge boost to the value of Litecoin (LTC).