With a market that is barely moving, and all kinds of doom and gloom predictions flying around, it is hard to stay focused on the bigger picture. The bigger picture in this case being the transformative potential of blockchain technology. It is even harder to choose which coins to go for, when there are over 1000 of them, all promising superior performance. On top of that, no crypto has gained any significant adoption, and take shape as a possible long-term winner. In such, an environment, which cryptos hold the most promise for growth in the future?
Well, while it’s a toss of the coin at this point, chances are that privacy coins, will have a place in the future. More specifically, the most dominant privacy coins Monero (XMR) and ZCash (ZEC) will have a place in the future, and could be huge.
The reason why they stand a good chance going into the future is the need by the wealthy to hide from the public eye. Ever since income inequality began gaining prominence in the media, criticism for the wealthy has increased. Rather than be envied and adored for their wealth, wealth is now facing criticism, irrespective of how it is acquired.
The perception is that the wealthy are favored by policies, such as tax policies, hence fueling inequality. As the world population grows, the rich get richer, and the rest of the population struggles, criticism for the wealthy will grow. As a result, digital ways to hide wealth will grow in prominence, and that’s why privacy coins like Monero (XMR) and ZCash (ZEC) could grow in prominence in the future. That’s because, with these privacy coins, the rich have a way to hide their wealth in the most convenient way ever.
With a privacy coin like Monero (XMR), for instance, one can easily walk with billions of dollars in a hardware wallet, and no one would ever know about it. The best part about it is that, there is no way take such wealth from someone, since this coin is trustless and cannot be censored. This is more powerful than offshore accounts, and could see it and ZCash (ZEC) gain significantly for their privacy capabilities. These are prospects that put them in a good position for adoption in 2019 and beyond. Their utility is way higher than that of many other cryptos, and could see their value rise significantly over time.
On top of that, these cryptos have a low supply, which is an added advantage. Coin supply is important because, in a bull market, such coins would rise exponentially since money would be chasing a limited supply, hence driving up the price. Not that high supply coins won’t grow in value, but it is always more prudent to take the safer route. Crypto is still young, and the risks are high. As such, finding the highest probability cryptos, based on fundamentals and coin supply makes more sense. It’s an interesting time ahead for Monero (XMR) and ZCash (ZEC), as crypto begins to mature.