Post
Topic
Board Speculation (Altcoins)
Re: do you think Altcoin can last for next 5 years?
by
LaGata888
on 20/07/2018, 08:31:51 UTC
Yes, I absolutely believe so.

We are only seeing the beginning of cryptocurrency/altcoins really being implemented with any gusto now, when you look at the BIG picture! Which is demonstrated nicely here: https://medium.com/@mccannatron/12-graphs-that-show-just-how-early-the-cryptocurrency-market-is-653a4b8b2720.

The potential of the technology and use of altcoins within business is undeniable, so much even internationally recognised institutions like the United Nations are taking advantage of its benefits (which can be seen with Ambrosus).

As mentioned many times already here in this thread, there must be a rock solid use case for the cryptocurrency or token for it to last. A great example of this is the briefly mentioned Ambrosus above.  Their AMB token is used to facilitate the transfer of real time data and assets within supply chains. How they do this specifically is by integrating sensors with IoT technology and their blockchain protocol, so that data relating to products is updated to the network. The blockchain provides access to data everywhere within a supply chain, at all times. This is highly valuable to stakeholders within a supply chain, so that they can track and be confident the product has been handled correctly before the responsibility is passed on to them. Consumers can be confident of the origin, quality and safety of products and make educated decisions when making purchases. There's a ton more information about how Ambrosus effectively do this at https://ambrosus.com.

The point is the efficiency, accuracy and transparency achieved with the blockchain solution, would not be possible without it = rock solid use case.

The token itself holds value which is an added incentive for enterprises to adopt the system. This value will obviously increase as more institutions deploy the blockchain solution to improve their supply chain management, causing a network effect. Leaving less of the AMB in circulation (with no more being produced), consequently driving the value of the token up.

With a bit of research I'm confident you will see there is a very bright future in altcoins.