Which are the Most Promising Cryptocurrencies | November and December Guide

Bitcoin has gained a lot of attention over the past few years. And typically, when it comes to cryptocurrencies, most conversations are about Bitcoin. However, some investors prefer investing in other cryptocurrencies. 

If you are unaware of the cryptocurrency world, you might wonder why. Well, although Bitcoin is the first cryptocurrency, BTC has some severe drawbacks. For example, Bitcoin has privacy flaws. 

So, in this article, we will present to you the ten most promising cryptocurrencies that are worth investing in – especially in November or December. 

Litecoin – LTC

A peer-to-peer cryptocurrency and open-source software project 

So, Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin. Also, it enables instant, near-zero cost payments. Further, back in 2011, the former Google employee Charlie Lee created the coin. 

In fact, Litecoin is one of the first cryptocurrencies to come after Bitcoin. Charlie Lee used Bitcoin’s source-code but made some technical changes making Litecoin an alternative to Bitcoin. Also, this peer-to-peer crypto can accommodate up to 84 million coins. Its main goal is to be a global, peer-to-peer currency. 

Supply limit: 84,000,000 LTC

Circulating supply: 62,424,175 LTC (26 June 2019)

Latest release: 0.17.1 / 26 May 2019; 4 months ago

Moreover, Litecoin is fully decentralized without any central authorities. Furthermore, since its creating, Litecoin is very liquid. 

• • Faster transaction confirmation time – 4x faster than Bitcoin 
  • Increased storage efficiency due to script usage in LTC proof-of-work algorithm  
  • More coins to reward miners 

Ethereum – ETH

a global, open-source platform for decentralized applications.

Ethereum is a public, open-source, blockchain-based distributed computing platform. Also, it allows developers to build and deploy decentralized applications, which are called dApps. Further, this operating system features smart contract functionality. 

Moreover, Ethereum was first launched in 2015. Since then, it is the world’s leading programmable blockchain. Further, the platform’s currency is called Ether. 

Initial release date: July 30, 2015

License: GPLv3, LGPLv3, MIT

Market Cap: $18.48B

Supply: 107.90M

Furthermore, this software system is decentralized. In other words, it is not controlled by any entity. 

• • 14K+ live nodes
  • 40M+ unique addresses
  • 10B daily API requests served by Infura
  • $1.5B+ daily trading volume
  • 1,900+ decentralized applications (dApps)
  • 250K+ developers (more than any other blockchain community)
  • 500k+ daily transactions (more than all other blockchains combined)

Zcash – ZEC

Zcash is a cryptocurrency with a fixed total supply of 21 million units. Moreover, this is a new privacy-focused blockchain that allows private transactions in a public blockchain. Also, Zcash uses cryptography to provide privacy for its users. 

Typically, this cryptocurrency uses the same algorithm as Bitcoin. However, Zcash is an improved version of Bitcoin as it enables semi-transparent processing. Further, investors and traders choose Zcash because of the fungibility of its tokens. In other words, all ZCash tokens are equal within a transacting system.

Supply limit: 21,000,000

Circulating supply: 7,165,190

Initial release date: October 28, 2016

Hash function: Equihash

Dash – DASH

This is the next-generation cryptocurrency. Moreover, Dash is an open-source cryptocurrency based on the Bitcoin software. Currently, this cryptocurrency is offering fast untraceable transactions. Further, it is a form of a decentralized autonomous organization. This organization is run by a subset of users, called “masternodes.” 

Furthermore, these masternodes are similar to the full nodes in the Bitcoin network. However, they must provide a particular service to the network. Also, the masternodes must have a substantial investment in the system. Moreover, Dash has a hard cap of 18 million coins. For those who are now entering the cryptocurrency sphere, this means that there will only be 18 million Dash. 

Previous names: Xcoin, Darkcoin

Latest release: 0.14.0.2 / 4 July 2019 (2 months ago)

Block reward: 3.11 DASH (as of 25 June 2019)

Circulating supply: 8.883.343 DASH (as of 25 June 2019)

Ripple – XRP

Ripple is notorious for the fastest transaction confirmation they offer, which is one of a kind. The company developed its own blockchain technology called the XRP ledger. Moreover,  the ledger is a decentralized network of peer-to-peer servers. 

Further, Ripple is a real-time gross settlement system, currency exchange, and remittance network. The goal of XRP is to improve cross-border payments. Also, the blockchain technology is used on xRapid to provide liquidity in cross-border payments that involve illiquid trading pairs. 

Initial release: 2012

Market Cap: $11,383,289,854 USD

Circulating Supply: 43,298,481,757 XRP

Stable release: 1.0.0 / 15 May 2018

Developed by: Ripple Labs

Monero – XMR 

Monero was created in 2014. The open-source cryptocurrency is a secure, private, and untraceable decentralized currency system. Moreover, with Moner, you have control over your transactions. Many people prefer this cryptocurrency because it is truly fungible. 

Furthermore, the open-source cryptocurrency uses an obfuscated public ledger. In other words, the source, amount, or even the destination of all transactions, can be observed by no outside observer. 

Previous names: BitMonero

Circulating supply: 17,066,158 XMR (as of 16 June 2019)

Latest release: 0.14.0.2 / 8 March 2019 (6 months ago)

Hash function: CryptoNight

Bitcoin Cash – BCH 

Bitcoin Cash is a peer-to-peer cryptocurrency. Moreover, it was created in 2017, and it is fully decentralized. According to the Bitcoin Cash website, BCH is the world’s most robust blockchain technology. Some of the benefits of Bitcoin Cash are: 

• • Fast transaction ( in seconds ) 
  • Easy to use 
  • On-chain scalability
  • New transaction signatures
  • Emergency Difficulty Adjustment (EDA)

Split ratio: 1:1

Split height: #478559 / 1 August 2017 (2 years ago)

Block reward: 12.5 BCH

Market Cap: $4,842,415,618 USD

Supply limit: 21,000,000 BCH

NEO – NEO 

NEO is an open-source blockchain. Moreover, the decentralized application platform utilizes smart contracts to issue and manage digitized assets since 2014. Further, the blockchain platform and cryptocurrency’s goal is to digitize assets using smart contracts. 

Ticker symbol: NEO, formerly ANS

License: MIT

Market Cap: $878,920,962 USD

Circulating Supply: 70,538,831 NEO

Supply limit: 100 million

Cardano – ADA 

Those investors who are familiar with Cardano know that this is not just a cryptocurrency. Cardano is used for sending and receiving digital funds by making fast, direct transfers. Moreover, their transfers are guaranteed to be secure. Here’s what they have written on their website: 

This is the first blockchain project to be developed from a scientific philosophy, and the only one to be designed and built by a global team of leading academics and engineers. It is essential that the technology is secure, flexible and scalable for use by many millions of users.

Market Cap: $1,145,326,524 USD

Circulating Supply: 25,927,070,538 ADA

Max Supply: 45,000,000,000 ADA

EOS – EOS 

EOS is the native token of the EOS.IO network. On the other hand, EOS.IO is a blockchain protocol. Moreover, the protocol emulates most of the attributes of a real computer, including hardware with the computing resources distributed equally among EOS cryptocurrency holders. In other words, EOS allows developers to build decentralized applications. 

Operating system: multi-platform

Market Cap: $3,201,286,158 USD

Circulating supply: 940,464,072 EOS