These are the 3 coins to watch for Q2 2019 - Cryptocurrency

25 Mar, 2019 | Updated: 25 Mar, 2019
by Joeri Cant
Analysis
These are the 3 coins to watch for Q2 2019 - Cryptocurrency

Which coins are worth keeping an eye on in Q2 of 2019? What are the cryptocurrency projects that are planning big releases, upgrades, updates or even launches of their mainnet in the next three months? These are the 3 coins to watch for in Q2 2019 ...

The verdict’s still out on whether the altcoin season is back or not.

However, as Chepicap recently reported, Google Trends has suggested that the topic of altcoins is spiking to levels that haven’t been seen since the 2017 bull run, and as Bitcoin dominance has been slanting ever downwards since its yearly high of 57.86% in September 2018, the writing could be on the wall that altcoin season is about to enter the daily crypto scene once again.

Crypto winter may continue on for months, or even years, but if an altcoin season is imminent, there might be a few projects worth watching as solid contenders to make further upward moves into the top ranks of cryptocurrencies by market cap.

With that in mind, Chepicap brings you the three altcoins to watch for in Q2 2019.

First up:

Stellar (XLM)

Stellar is living up to its name and has had indeed a 'Stellar' ride over the last few weeks, most notably helped out by the announcement that IBM would be utilizing the Stellar network for its World Wire global payment service.

Read more: 4 questions (and answers) about World Wire and the rise of Stellar's XLM

Now that XLM has the momentum on its side, it might even break out of the 'crypto winter' bearish trend and break out above $0.12, where it could push on to test $0.14. If XLM eventually breaks through that resistance level, though it might take some time, it could begin its climb up to $0.18.

If news continues to be this positive for the current number 8 cryptocurrency, XLM could see a test up to the $0.18 level later this year, most likely closer towards the Fall season. Of course, if XLM breaks out of what regular technical analysis predicts, then XLM will get there a whole lot sooner.

XLM has seen a 20% increase in price over the second week in March, which has caused the market capitalization of the project to climb from $1.66 billion to almost $2.2 billion. The payment network is now hot on the heels of Binance Coin which also has seen massive growth over 2019.

The Stellar payments network has seen many impressive advancements over the last few months, which will only contribute to the further success of the blockchain project’s native cryptocurrency, lumens (XLM).

While the markets have seen their fair share of green these last few weeks, the most notable movement was without a doubt Stellar leapfrogging Tether. A jump that followed the news of the projects listing on Coinbase Pro. 

Coinbase’s fresh listing of XLM will surely raise the exposure to the coin’s profile as well.

Read more: What does Bill Gates have to say about Bitcoin?

Together with the announcement that Mozilla Chief Operating Officer, Denelle Dixon will be joining the Stellar team as the new Executive Director, the team also announced the new logo for the project.

In just little over two weeks time, Stellar managed to hire a new top executive, land a top exchange listing, launch a rebrand of the project, and add 6 international banks which plan to launch stablecoins on IBM and Stellar’s World Wire.

All of which could and should be a catalyst for the projects further success during Q2 in 2019.

Read more: 6 international banks to launch stablecoins on IBM and Stellar’s World Wire

Next:

Vechain (VET)

VeChain, the 23rd-largest crypto by total market cap, is a blockchain platform which has its main focus on supply chain management, smart contracts, and financial services.

No, blockchain technology isn’t just limited to finance. There are literally dozens, if not hundreds of areas waiting to be disrupted by blockchain technology. One of the most important ones, fundamental to almost all of the parts of the manufacturing world, is the supply chain, which is where VeChain comes in and where it endeavors to be the absolute number one.

The company started off more than a decade ago, in 2007 as a project, which went on to launch its crypto token in 2015.

VeChain, which has established its offices in Paris, Tokyo, Singapore, and Shanghai, has partnered with a multitude of companies which have a wide variety in expertise in different domains such as agriculture, luxury goods, food, or logistics.

A huge benefit of the VeChain foundation was the introduction of a two-coin system, namely, VET and VeThor, in a bid to provide more stability, and flexibility. It will assist to prevent transactional fees being directly exposed to price volatility, and it will make the VeChainThor blockchain more suitable to conduct financial activities with governments, companies, and the general public traders.

Read more: VeChain featured on large Italian television channel: Wines are Safu

Vechain has positioned itself as a leading platform in the food and wine industry. Earlier in January, the blockchain platform was adopted by three of the biggest wine producers in Italy and in February VeChainThor was featured on the Italian national television this week. Rai 1, the flagship television channel of Rai, Italy's national public service broadcaster, where they did a report on a breakthrough in the protection of high-quality Italian wines.

Global certification body DNV-GL is now using the VeChain platform to track its wines step for step, resulting in more transparency and less counterfeiting in the wine space.

In addition, Vechain has also extended the scope of the company towards other security sectors like food safety and anti-counterfeiting. In recent months Vechain has seen a major rise in the number of companies adopting its solutions.

Back in January, VeChain announced major partnerships with relevant companies including healthcare company Milly and VET has also been supported by leading storage solution Trust Wallet since February 28.

VeChain has accelerated its integration within the mainstream crypto market. First, by rebranding VeChain as VeChain Thor and introducing its new token as VET, later, with announcements about partnerships with companies like LogSafer, Xminnov, D.I.G, DNV.GL, Renault, BitOcean, China Unicom, and BMW.

Read more: Bitcoin price predictions: what 6 experts say about the BTC price this week

Even though the Bitcoin price is still struggling to recover from a catastrophic 2018, and has a hard time to even hold above the $4,000 mark, many different altcoins have seen some impressive gains since the beginning of this year, and Vechain is definitely one of 2019's best altcoin performers in the top 50.

Vechain's total market cap currently stands at $293 million and has seen impressive gains of 33% for 2019 so far.

VET is now at its highest price level since the end of November in 2018.  The most recent price spike, of around 17%, was on March 12, which corresponded with a peak trading volume of around $31.4 million.

The price of Vechain has been quite steady in the last few weeks with no significant ups or downs in value. The 23rd-largest cryptocurrency has continued to hover within the $0.005 mark in the past week.

It currently trades for $0.0054 and saw a loss of -2.55% in the last 24 hours. However, the recent partnerships and upcoming VeChain Summit 2019 in San Fransisco on April 18, are expected to give a nice boost to the price of the coin. VeChain remains perfectly placed as we are finding ourselves closer to Q2 2019.

Last, but not least:

The BitTorrent token

BitTorrent Token, a project that didn’t even exist before January 2019, has been making a huge impact on the cryptocurrency market by leapfrogging itself into the rank of the 47th biggest cryptocurrency by market cap.

Read more: 6 Altcoin newcomers in the top 50

Even as BTT has only been around for a few short months, it has already been characterized by its frequent bull runs. The most recent bull run saw the token surge 9%, making it the biggest earner amongst the market’s 50 biggest cryptocurrencies.

According to one trader, BTT has encountered a golden cross, which is a candlestick pattern indicating a short term moving average, crossing above a long term moving average, with higher trading volume, a clear sign of an incoming bull market.

Another trader pointed out that BTT had crossed above a bearish trendline, indicating a bullish move upwards, but added that he would remain apprehensive unless BTT closed above this position.

Chepicap previously pointed out that the actual cause for this bullish momentum most likely is the test launch of BitTorrent Speed, dubbed by Justin un CEO of Tron as 'the worlds largest decentralized app.'

Read more: McAfee on $1 million Bitcoin prediction: 'Impossible for me to lose bet'

In the Tron weekly review, the company confirmed that the much awaited BitTorrent Speed will be launched in the second quarter of 2019.

As per the BTT white paper BitTorrent Speed is the application that will reward BitTorrent users with BTT for seeding and bandwidth, enabling faster downloads, and give 100M+ users the opportunity to support content creators all around the world from their torrent client.

As the first version of the BTT live product is planned to launch in BitTorrent by end of Q1 2019 and airdrops will continue to occur on the 11th of each month, one can expect that in Q2 BitTorrent is looking set to defy the cryptocurrency markets even further.

3 Undervalued ALTCOINS in 2019!

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Disclaimer:

This is not investment advice, price doesn’t always react to developments - this is simply an overview of coins that could be in the spotlight in Q2 2019.

Read more: What does Elon Musk have to say about Bitcoin?

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Poll

Which is your favorite coin?

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Add a comment

These coins cost our attention!
25 Mar, 2019 - 19:36
Why not usdt tron though? Quite curious to see them work. Also in Q2.
26 Mar, 2019 - 08:46
this new usdt tron has just been launched few days ago!
21 Apr, 2019 - 08:07
XLM looks like very promising token. and what about stablecoins? maybe tether or DAI have good potential?
27 Mar, 2019 - 08:18
i am not sure about the original tether but this new TRX-USDT stablecoin will be definitely the coin which is very interesting to follow in 2019
29 Mar, 2019 - 09:30
i think we have definitely add tether to this list of promising tokens in 2019
28 Mar, 2019 - 08:36
BTT is the most interesting coin among those three. It seems that it could become as popular as Tether.
30 Mar, 2019 - 09:19
and what about BNB? maybe tether as well? I undestand that BTT is very interesting asset however there are few more
12 Apr, 2019 - 06:20

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