African branch of CNBC shared his opinion about the four top cryptocurrencies. Cryptocurrencies are popular around the world, from USA to Zimbabwe. And this is one of the most growing industries in the world. Was no exception and Africa, as many residents use the cryptocurrency in everyday life. Writes about this edition of Bitcoinist.
It is believed that the reason for the popularity of crypto-currencies on the African continent lies in the distrust of local governments. Example is Zimbabwe, whose currency has depreciated by thousands of times in just a few weeks. Residents will probably prefer to use a decentralized currency, which is not affected by a corrupt government.
Presenter, RAS Well-ner, gave the audience some tips about cryptocurrency. Speaking live, he spoke about four of the top cryptocurrencies, and also considered several additional altcoins.
Point Nu-Nera about Bitcoin has been positive, but less optimistic than the opinion of others about the cryptocurrency. He concluded that the price of the main digital currency will slowly and steadily grow. However, he also noted that there are more exciting cryptocurrency. Arise of cryptocurrency projects with new applications and oriented to a wider audience. Because of this, Bitcoin is losing its market share. But for coins with a capitalization of a billion dollars is much easier to grow in price in 10 times than Bitcoin capitalization exceeds $ 130 billion.
Cryptocurrency Ethereum confidently took the second place after Bitcoin through smart contracts and decentralized apps. Presenter of CNBC Africa has high hopes for the Ethereum project, calling owners of the cryptocurrency “the smartest people in the Studio.” He also mentioned that Ethereum has a lot of applications, although there are problems with scaling. Well, ran-ner believes that these problems will eliminate the technology of sharding and the transition to PoS. He finished the story about the Ethereum call “HODL”.
Presenter of CNBC Africa mentioned the tokens Zilliqa and Thunder. They are designed to create a highly scalable blockchain with a high bandwidth. The developers of these platforms think that a large number of transactions per second was the main factor for adoption and use of cryptocurrency.
Ran Well, ner has expressed interest in Bitcoin Cash, lauding their strong team and the potential of the project. His opinion is especially interesting due to the fact that Bitcoin is Cash divided cryptocurrency community. Especially this separation contributed to the main supporter Cash Bitcoin, Roger Ver.
Perhaps with the increase in block size from 8 to 32 megabytes, the Cash price of Bitcoin will rise. Now, however, and 8-megabyte blocks are not completely filled.
Finally, the RAS Well-ner mentioned Ripple. In just 4 years this crypto-currency platform has grown so that turned out to be in fourth place by market capitalization. However the numerous positive news did not affect the opinion of Well-Nera about Ripple. He said he could not find examples of usage of the token XRP in the network. Also Well-ner recalled that a centralized cryptocurrency these two reasons enough to “throw it in the garbage.”
However, Ripple one after the other out good news. The latest of such news for the launch of Xpring, project to help the entrepreneurs and startups willing to accept XRP. Also the representatives of the Ripple shown by the work of technology xRapid. It is a business solution for payment processors and other financial companies that want to increase the effectiveness of their work. Still xRapid was used on a small scale. However, preliminary results indicate that this project is occurring more and more partners.
The anticipation of falling prices of cryptocurrencies after Consensus
The cryptocurrency market froze in anticipation as speculators can move prices in either direction. Some analysts believed that the conference Consensus will cause a significant growth rate and we’ll even see the January price level. However, after Consensus of the market leaders fell 5 percent, as many altcoins have lost in the price even more. Maybe it’s too early to talk about the impact this conference courses on cryptocurrencies. As the heating market and the emergence of new good news, the growth may come back.
We invite you to discuss these and other cryptocurrencies on our Telegram channel