01 Mar 2019 #Bitcoin SV
The crypto market is always changing and evolving, with new coins constantly appearing, while the old ones are receiving new updates which allow them to remain relevant and continue their development. However, while most experts believe that up to 90% of the newly-emerged altcoins will eventually fade away, there is no doubt that they will simply be replaced by other, newer coins.
The crypto market currently features over 2,100 cryptocurrencies, with most of them having no real potential. However, among them, a few hidden gems can still be found. These are the coins with the potential to go big, and some of them have already managed to climb high on the list, while others have yet to leave an impression. Let's take a closer look at three coins that may go big in the near future.
BitTorrent token is the newest on the list, being launched only a month ago, on January 28th. The coin was launched in a strange time, holding its ICO when most people in the crypto community believed that the ICO model is dead and gone. BTT proved them wrong, holding one of the most successful token sales in crypto history.
The sale was supported by Binance Launchpad, which is Binance-controlled platform dedicated to promoting quality coins and giving them a decent headstart. BTT certainly got one, as the entire sale was completed within 15 minutes, and it only lasted for so long because the platform faced technical issues due to the number of interested investors.
The coin is now a part of TRON's ecosystem, as it was developed on TRON blockchain. It is the native token of the BitTorrent ecosystem as well, which TRON acquired last year. The plan is to introduce BTT to BitTorrent users and give them BTT rewards for sharing content with others. This is one of the moves TRON decided to make in order to make the next step on its road towards decentralizing the web. The coin's popularity during the token sale was proof that there are many investors interested in new cryptocurrencies, and BTT is believed to have a bright future due to support from Binance itself.
Being a part of Bitcoin's ecosystem is bound to give a much-needed headstart to any coin, even if its birth caused a massive market crash. Bitcoin SV (BSV) is proof of this, as the coin emerged during the BCH hard fork in mid-November. It came to be due to a disagreement between two groups in BCH community, but after a brief hash war which had the title of Bitcoin Cash as a reward, BSV finally lost the battle and became Bitcoin SV (Satoshi's Vision). As the name suggests, BSV aims to stay true to what Bitcoin's creator, Satoshi Nakamoto, originally had in mind.
According to Craig Wright, nChain's chief scientist and the leader of the 'BCH rebellion,' BTC and BCH have lost their way, and they are no longer what Nakamoto originally had in mind. BSV aims to remain true to the original vision. Wright himself is an interesting and controversial figure, as he himself claims to be Nakamoto, and was also suspected of being the man behind the name in the past. However, these days, most people are skeptical of his claims.
Calling Binance Coin a new cryptocurrency may not be entirely accurate, as it started its ICO back in mid-2017. However, the coin does have a lot of potential due to the fact that it is a native coin at the largest crypto exchange in the world. BNB usage continues to grow, as using the coin provides traders with a significant discount when it comes to trading fees, and it allows Binance users to purchase tokens sold on Binance Launchpad-based ICOs.
As such, BNB has grown a lot following the BTT token sale, and when Binance finally manages to launch its own blockchain (and DEX), BNB will likely skyrocket due to increase in use cases.
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