Wondering if altcoins will rise in the future or not? If your answer is yes, then you have come to the right place. In this article, I am going to talk about Altcoins and if it has any potential to grow in the future or not. So as a crypto investor, you can have a proper idea of whether investing in altcoins would be a good idea or not.
So let’s just head into the topic without wasting much of the time:
What is Altcoins?
As you can see in the name, Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they project themselves as the better option compared to Bitcoin.
The success of Bitcoin as the first peer to peer digital currency private the way for many to follow. Many Altcoins are trying to target and trying to erase the limitations that Bitcoin has.
And they have come up with newer versions with competitive advantages. As the term ‘altcoins’ means all cryptocurrencies which are not Bitcoin. And the fact is that there are thousands of altcoins are available out there in the market.
Will altcoins rise in the future?
It would not be wrong to say that 2018 was the year for many cryptocurrencies. The capitalization was reached at the $130 billion. And compared to the traditional markets, the industry is still negligible. But it is trying.
However, for further development of the blockchain market and make it one of the leading participants in the global economy. The institutional investors should use digital money in their day to day tasks. For example, for making investment and pension funds, insurance payments, bank transfers and so on.
However, the large and serious players cannot enter the dubious industry or an unregulated market. Instead, they need regulated infrastructure. As well as according to the experts, the cryptocurrency market rally will not include altcoins.
And according to their believes, that altcoins are going to lose their value significantly in the upcoming years. And it may get completely disappeared. Also, the experts suggest that the bitcoin will continue to grow further. But we cannot say the same for Altcoins.
Back in the days, ThinkMarkets chief market analyst Naeem Aslam predicted that Bitcoin would hit somewhere between $60,000 and $100,000 during its next bull run. However, by the end of 2018, it was pretty clear that Bitcoin did not die. Neither it reached to the level which was predicted. But yes, it has seen growth. But if we talk about the altcoins, there were no significant growth.
So if you ask me will altcoins rise in the future or not, I would say the chances are very low. And not a single expert is positive about it. So it would be a wise idea to stay away from altcoins.
So that was the answer to your will altcoins rise in the future or not question. I hope this has cleared all your doubts that you probably have.