That’s a great question.
I’ve looked at the Top 200 coins, but there are only 7 that have a very high likelihood (90%+) to succeed and that almost can’t fail anymore, because they have pretty much succeeded already.
They are now too big to fail and they have huge amounts of money, huge amounts of adoption, and a great team.
Top Seven (7) Altcoins
1. Ether (ETH)
Brief: Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It’s a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.
Why: Everything is running on ETH and ETH is even ahead of Bitcoin in terms of adoption by a significant margin.
2. BINANCE COIN (BNB)
Why: Binance Coin is the crypto-coin issued by Binance exchange, and trades with the BNB symbol. Binance coin runs on the Ethereum blockchain with ERC 20 standard, and has a strict limit of maximum 200 million BNB tokens. Binance is currently making a staggering $1B in profits/year.
3. UNI COIN (UNI)
Brief: UNI COIN is based crypto currency that has established its own economic system with blockchain technology, “UNI Wealth Management Ecosystem”.
UNI has built a new and unique ecosystem called “UNI Wealth Management Ecosystem” using blockchain technology, and “UNI COIN” is the token that is used as the base currency of the wealth management ecosystem.
UNI Wealth Management Ecosystem, a unique blockchain ecosystem, has partnered with business entities and venture companies to integrate e commerce payments, securities, real estate, and Fintech (financial technology) services.
Why: It is simply the largest DEX and it could overtake Binance soon as the largest cryptocurrency exchange.
4. Aave (AAVE)
Brief: AAVE is a decentralised non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralised (perpetually) or undercollateralised (one block liquidity) fashion.
AAVE is used as the centre of gravity of Aave Protocol governance. AAVE is used to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Apart from this, AAVE can be staked within the protocol Safety Module to provide security/insurance to the protocol/depositors. Stakers earn staking rewards and fees from the protocol.
The Aave protocol supports up to 19 tokens, which are Ethereum, Ox Coin (ZRX), REN, SNK, Binance USD, DAI, USDT Coin, WBTC Coin, Augur, ChainLink, TrueUSD, sUSD, Yearn.Finance, Enjin Coin, Maker, Kyber Network, USD Coin, Decentraland, and Basic Attention Token.
5. VeChain (VET)
Brief: VeChain (VET) is a proof-of-stake token, and VeChain itself explains that relatively low computing power is required to achieve network security and maintain user consensus.
Founded in 2015, VeChain is one of the earliest blockchain technology companies in the world, with offices in China, Europe, US, Singapore, and Japan.
VeChain is focusing on building a trust-free and distributed business ecosystem to enable transparent information flow, efficient collaboration and high-speed value transfer. Specializing in blockchain and IoT technologies, VeChain has become one of the few blockchain platforms with real world business applications adopted by reputable enterprises across multiple sectors worldwide. By providing robust and secure blockchain infrastructure, enterprise solutions, turnkey packages and development tools in both software and hardware, VeChain aims to enable its business partners and developers to adopt blockchain solutions for business and create a powerful and sustainable ecosystem.
Why: VeChain is the biggest B2B blockchain and has already maxed out in partnerships with the largest companies in the world (Walmart) and several governments to track their international trade (France, China, etc.).
6. Theta Token (THETA)
Brief: Theta’s main business concept is to decentralize video streaming, data delivery and edge computing, making it more efficient, cost-effective and fair for industry participants.
Theta’s appeal is threefold: viewers get rewarded with better quality streaming service, content creators improve their earnings and middlemen — video platforms — save money on building infrastructure and increase advertising and subscription revenues.
Users have an incentive to both watch network content and share network resources, as rewards come in the form of TFUEL tokens.
The network runs on a native blockchain, with two native tokens, known as Theta (THETA), Theta Fuel (TFUEL), powering the internal economy.
The Theta Token (THETA) is the governance token of the Theta protocol. THETA is used to stake as a Validator or Guardian node, contributing to block production and the protocol governance of the Theta Network. By staking and running a node, users will earn a proportional amount of the new TFUEL generated. The supply of THETA is fixed at 1 billion and will never increase.
Theta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is used for on-chain operations like payments to Edge Node relayers for sharing a video stream, or for deploying or interacting with smart contracts. Relayers earn TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol. There were 5 billion TFUEL at genesis of Theta blockchain, and the supply increases annually at a fixed percentage set at the protocol level.
Why: They have given out billions of dollars of loans on their platform, have an excellent team and probably make $100M in revenue/year.
What about the other Altcoins
After those 7, there is a large gap in terms of chance to succeed from 90%+ to only around 30%-40%, because they haven’t managed to gain much traction yet or because they are facing fierce competition to ETH and all other “ETH killers”, such as YFI, IOTA, FSW, ENJ, XTZ, ADA.
ADA still doesn’t even have smart contracts yet,
FSW just launched,
ENJ will only launch Efinity in a couple of months from now, YFI has more hype than tech and
IOTA is also half a year away from launching Coordicide.
These all still have a long way to go and they haven’t even completed the technology of their platform yet.
Mat is the founder of cashtipsandtricks and has been working in the financial sector in Luxembourg for the past 10 years. He brings his insights as blogger, investor and entrepreneur.