Just like with the dot-com bubble of the 1990s, it is difficult to determine which cryptocurrency will pop and which will flop. The cryptocurrency race has already seen many currencies come and go due to varied reasons while other currencies have withstood the test of time and are more likely to continue to win and become acceptable. Bitcoin may win the race as a store of wealth, just like gold, but may lose on the day-to-day transactions due to its relatively slow transaction speed. The cryptocurrency that will win on the day to day transactions front and become the de facto crypto cash must be well accepted by many people and stores, easy to transact with and liquid i.e. it should be easy to exchange with many buyers and sellers. Such coins could include Litecoin, Ethereum, IOTA, Bitcoin Cash (BTC), among others. However, it isn’t clear cut on the cryptocurrency that will win. There could be more than one winner depending on the way in which the currency is intended to be used.

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Category: Trading & Investing
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