Top 5 Cryptocurrencies of 2019 so far. Why are they doing so well?

by birtanpublished on August 16, 2020

Hello Republicans and welcome to this video in which I'm looking at top performing cryptocurrencies in 2019 so I was quite curious which cryptocurrencies have been doing very well this year so I decided to make a short list of them just to see if there are any patterns

That we can follow to predict the new cryptocurrencies that we'll be doing well this year as well so today's 20th of March 2019 and Zoe's thank you very much for watching this video and I hope it

Will be useful indeed first of all we have balance coin B and B which has been doing very very well this year so balance coin is a crypto currency that was launched by the biggest crypto currency exchange in the world obviously

Violence the aim of the beam B is to essentially support the exchange the coins they do have several use cases so first of all they do help lower fees if you do have the coins listing exchange and the roll is cheaper also you do get

High referral bonuses for holders other market obviously it's used you can basically use other you can buy other cryptocurrencies with balance coin and also you can actually contribute to icos worth buying this coin as well in the

Future it will be used as I feel for the decentralized version of the exchange as well balanced exchange has been the most reliable and user-friendly exchange for a long time which was reflected in the BMV price since it has been doing it has

Been very well incorporated within the exchange current price is around $15 all time how it's 24 so they're still around 38% of the job but it's still pretty much outperforming every other coin in top 100 that is not a stable coin so

Currently the market cup- coin is on seventh place now in my opinion violence coin seems to prove that coins have actually used case can increase the demand quite significant you know the valuation currently is quite high so

This is something to remember still if violence keeps domestic as an exchange that should ensure constant demand so if you are looking to purchase buying this coin still make sure to time it correctly because I do feel currently

The valuation is quite don't have hollow coin which I haven't hold a chain actually which a hungry covered at all ever it's called hot and it represents an alternative for blockchain technology that provides its

Users with distributed computing and applications using something called hollow ports those hollow ports allow the network to scale due to the network being offloaded across all the nodes linked to the network now hollow ports

Are basically the network nodes and the project we'll be using hala fuel now what is hollow fuel once the whole ecosystem actually launches the hollow tokens will be redeemed for that fuel and how and as I essentially will be put

Used to pay for the transactions on the network now the hollow is currently at the closed alpha version so the demand is mostly based on speculation and potential ones the life platform is launched okay current price is visible

Here of the all-time high almost double the price of the actual drop is 43 percent from the all-time high the market cup it's currently listed on 40th place so it is pre valued pretty high as well now my opinion how has all of

Promising features well it's still far from implementation so it's mostly based on speculation because of that out person equate with investment if you do like it obviously it's not financial advice feel free to go for it but I do

Feel it's mostly speculation at some point it kind of reminds me the hype surrounding card I know last year then engine has been doing extremely well so and recently so engine coin and it's aiming to be a decentralized path from

The create manage distribute and trade virtual goods now that will give the game developers and content creators a new model of virtual ownership the platform allows minting unit unique in-game items currencies and virtual

Tokens using engine coins as a power incurrence you know the reason why and coin is doing so well is because engine has been very busy this year with plenty of apps and solutions developed the link engine wallet engine X Explorer and API

Game design software development kits engine network and all other things they do actually have your real life use cases already the current price is around eighteen cents the all-time high for the same cents which is a drop of

Around sixty percent still outperform pretty much all of the alkanes on the market market cap is around forty third place so there's still some room to grow but the increase recently has been very very significant something you do need

To remember now I have personally always been bullish on engine since they were one with the few ICS that actually had a significant product before and for the development this year they're proving that not all i ciose our scans even the

Most are however the recent increase was crazy so that's something to consider if you do think engine con is promising i do think so you should probably time it quite well just so you can get as many coins as

Possible for as low price as possible then there's maker and air so maker token is used to govern the functionalities of all the maker projects not currently the most renewed and known project is the creation and

Development of the stable codenamed i which is the core currency of the maker dow assists in this interest also new most organization so the coin value expect to that of you is the in simpler words one USD is always one die now that

Is considered one of the most digit stable comes out there and if you want the only one that is truly decentralized now maker anything have bobbin used in the process to ensure dye is always one door and it works i mean even though

Other cryptocurrencies have an increasing very very quickly die still managed to keep that value so without it obviously does work now the further governance the maker can also generate passive income something to you know

That how there's also like it's not super passive income we do have to do some things well it still can't generate that the current prices are uncertain seven hundred seven dollars of the all-time high almost 1800 which leads a

Job of 61 percent still not as painful as more of just most of the other outcomes is valid quite highly tomorrow head cap is on 16th place so it's already valid pretty high on the maker and I are one

Of the best application in my opinion of cryptocurrency where you're just can use some heart contracts to give themselves alone still currently the success is deeply connected to how resilient I can be and also in the future but is there

Any other project that can actually use maker and the field evaluation current is justified by daunting it should be anymore for what it currently does I don't have chain link link no it was launched by a

Finding company smart contract chain ik is described by its developers as a secure blockchain middleware that intends to connect smart contracts across box chains by alameen smart contrast access key often resources such

As data feeds and web api is basically it's a way for block chains and smart contracts to be used in real-life scenarios chain link network is a decentralized network oten of the nodes which are all selling usage of specific

Data feeds api's and various of chain payment capabilities directly to the smart contract a no chaining is moving quickly with the development they have been lacking of the social media side but the actual development has been

Doing very well and it's actually already used by companies in real-life scenarios when the current price is 48 cents all time high was 145 so that takes a job of around 67% for reference most outcomes are 95 percent down so

It's still very good result the market cap is 40 fifth place so it's already valued quite high just like with engine chaining proves that real-life usage create demand for the tokens but I do feel current valuation is quite high

Especially considering that the actual link still doesn't have that many use cases so as you can see from of the five project basically four of them I'm gonna ignore hallo what because it's mostly based on high what balance called engine

Maker and link are all there isn't what the mother increased in value so much and 2019 despite the bear market it's the fact that they all have actually if you use cases and I do you think that's the theme of all the project

Success we have seen that with Monaco as well which I didn't recover but it's another one that has been doing quite well and all of that have some kind of demand for the token it's not based on speculation as it is with 90% of the

Projects out there well it's the fact that people actually need the token to do a certain task so I think any other projects that have that for this on her basic attention token it's another one that comes to mind I probably make a

Video where I'm looking for more projects like that but I do think any projects that can sustain real-life demand for the token actually have the use case for the token will be the next big winner thank you very much for

Watching I hope that was useful and I'll see you in the next video bye

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