With the new bull market since early April, interest in promising digital currencies has significantly increased as well. In addition to the usual suspects (usually bitcoin), the eyes are increasingly turning to alternative crypto assets. These are usually driven by rising bitcoin prices. In addition, we often see a sudden spike in altcoin prices in case of major news about the respective project being published.
Especially in the 3rd quarter of 2019, investors can look forward to numerous interesting projects with big news. Here you can find out which digital currencies are making headlines and why you can expect their prices to increase significantly.
1. Litecoin (LTC)
Reason: The upcoming litecoin halving on August 6th
Litecoin has long been among the top 10 digital currencies and is considered the little brother of bitcoin. As such, the crypto asset is meant to make bitcoin’s design faster and more reliable, while providing the highest level of security and anonymity. And this year, litecoin has been particularly successful.
During the bear market, thanks to numerous innovations, litecoin had already been able to record large gains. Since the beginning of the year, investors are now eyeing the litecoin halving in autumn. After all, this is the next exciting development of the project. So exciting that there is even an official litecoin halving countdown.
The litecoin halving takes place on August 6 and will ensure that the block rewards are reduced from 25 LTC to 12.5 LTC. Such an event, often referred to as “halvening,” has repeatedly provided great returns on various digital currencies in the past.
One example for this happened in 2016, when at the time of the second bitcoin halving, the bitcoin price suddenly increased tenfold. The litecoin forecast by experts such as CCN’s Kiril Nikolaev therefore assumes that, as a result of the upcoming litecoin halving, the LTC price could rise as high as $220.
The reason for the usual sharp price increase is that after a halving, miners receive fewer coins for their successfully mined blocks. This, in turn, ensures 50% less inflation, making the crypto asset in question much more attractive for long-term owners and new investors.
The current LTC price is $ 100. Should Nikolaev’s litecoin forecast come true, investors could achieve a return of 220% with the litecoin halving. And that despite the LTC price having already risen by 400% since December 2018.
You want to know more about the potential of litecoin? Here you can have a look at our detailed litecoin forecast.
2. Zcash (ZEC)
Reason: The Ycash “friendly hardfork” on July 18th
Zcash is one of the interesting digital currencies, that are worth a closer look. The altcoin is designed for completely anonymous transactions and an anonymous blockchain management. This is to prevent data mining and statistical pattern recognition, which can give third parties insight into your transactions.
Why Zcash has a lot of potential for the third quarter of 2019 is easy to answer: For this crypto asset, investors can look forward to free coins as part of the Ycash “friendly hardfork”. No wonder that so many are intrigued by this.
The hardfork of the altcoin is planned for mid-July. On the one hand, it aims to promote mining on commonly available hardware. On the other hand, it will decrease the income of Zcash founder Zooko Wilcox-O’Hearn who currently receives 2.033 ZEC ($ 177,000) each month.
The official announcement of the Ycash friendly hardfork states: “We believe that both mining on commodity hardware and maintaining the promised cap on the Founders Reward are essential to a fair distribution of coins. In turn, we believe that a fair distribution of coins is essential to ultimately achieving widespread adoption.”
The past has taught us that hardfork airdrops are usually preceded by numerous purchases by investors of the respective digital currencies who want to secure themselves free coins. Investors can therefore expect worthwile profits.
After the bitcoin hardforks “Bitcoin Cash” and “Bitcoin SV”, the price had initially dropped. However, this cannot necessarily be assumed for the Ycash friendly hardfork since – in contrast to the mentioned hardforks – this one is an amicable solution.
3. Golem (GNT)
Reason: The Graphene release on July 31st
Golem has been around since 2016 and is a system that can be used to manage decentralized computing power in the cloud. If network users provide others with free computing power, they are rewarded with the currency GNT in return.
Golem recently started working with Invisible Things Lab (ITL) on Graphene. This should enable the OS to use applications that were originally developed for a different system. And Graphene seems to be so interesting that even Intel has already expressed an interest in integrating it into its products.
No wonder that investors are looking forward to the 31st of July, when the Graphene release for Golem takes place. Many assume that the new update of the crypto asset could lead to a sharp price increase.
Developer Lukasz Glen commented the progress of the Golem project as follows: “The progress of Graphene is very good. All partners work hard and the stable release will be in July as it was planned. Further development is specified and it looks very promising. Interest in Graphene grows and there are many contributors that participate in development.”
The all-time high of Golem at $ 1.25 was reached in January 2018. The current GNT price is around $ 0.08. As you can see, there is still a lot of upward potential here.
4. 0x (ZRX)
Reason: The V3.0 upgrade on September 30th
0x is a protocol for peer-to-peer cryptocurrency trading on the ethereum blockchain. As such, it is the basis of many ethereum-based crypto exchanges such as Veil, Ethfinex and Radar Relay.
The crypto asset has been mentioned for quite some time among digital currencies with great potential. Now there is also a significant milestone of the project upcoming in the third quarter of 2019. According to the roadmap, we will soon see the V3.0 upgrade take place.
The new concept for meta transactions is primarily designed to attract a completely new audience. That is because prior to their 0x purchase, new investors will neither have to buy ethereum nor set up a wallet. The solution of developer Thomas Griffith to ensure this involves a pre-updated ETH wallet. The private keys for the wallet are easily generated automatically in the browser. However, at a later point in time, it should also be possible to transfer the altcoins to a separate wallet.
According to CCN, Griffith commented on the change: “The cypherpunks are really going to hate this one, but users shouldn’t be bothered with downloading a wallet up front. First, they need to use the product and provide value within the Dapp.”
The new upgrade greatly facilitates access to the new technology. This in turn could attract many new users and lead to a significant increase in the digital currencie’s price.
5. NEM (XEM)
Reason: The launch of the proof of stake+ algorithm in late September.
NEM is another digital currency that should not be missing on our list, either. Above all, the Japanese “New Economy Movement” cryptocurrency aims to prevent an oligarchy (the rule of less) with an even coin distribution. It also features extensive blockchain capabilities and a fast block generation.
After news of the crypto project had been released, the digital currencie’s course skyrocketed by 55% overnight. And that might not be all. The newly updated roadmap shows that there is an improvement of the blockchain planned for the third quarter of 2019, which traditionally leads to an increase in prices.
The first innovation will be an improved proof of stake (PoS) algorithm in late September. The new algorithm is called the “proof of stake +” and is intended to improve the scalability and speed of the crypto asset.
The launch of the Catapult mainnet could be interesting as well. The official announcement of the update states:
“Catapult is a full-featured blockchain engine that can power both private and public networks with its unique smart contract plugins. These plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.”
The ultimate low of $ 0.03 of the digital currency was reached in February. The current price is $ 0.08 and has almost tripled this year. Whether another similar price can be achieved, as at XEM’s all-time high of $ 2.09 is still in the stars.
That was our list of 5 digital currencies with the biggest potential for the third quarter of 2019. Which digital currencies do you currently find interesting? Is there another crypto asset that you would like to add? We look forward to your comments.