The cryptocurrency community is no stranger to accusations of crypto being a bubble. As far back as 2014, media pundits were referring to the bursting of the Bitcoin (BTC) bubble, with a Financial Times article from September of that year even containing the ill-fated prediction, "Were going to stick our neck out at this stage and call this the end of Bitcoin."
Well, Bitcoin certainly didn't end in 2014, but this hasn't stopped other experts and commentators from throwing the word bubble around with gleeful abandon in the half-decade since the cryptocurrency's prematurely reported demise.
Most of us are aware of the incredible growth of Bitcoin in 2017. The success and hype around the currency were undeniable. To this day, Bitcoin stands to be the best-known currency in the market even though it is currently hovering at barely a quarter of its highest rate, i.e., $20, 000 in December 2017. The term altcoins, on the other hand, means all the alternative currencies that are not Bitcoins. And hundreds of altcoins were launched after the success of Bitcoin. Many different peer-to-peer currencies emerged in an attempt to replicate similar rates of success.
To further understand the future of altcoins, it is fundamental to fathom the underlying features of cryptocurrencies. These are the digital assets that are designed to function as an exchange medium which makes use of strong cryptography to protect the financial transactions, transfers the asset certification and to keep a hold on the creation of supplementary units. It is a decentralized system and works by blockchain which is a distributed ledger technology. In layman terms, this technology keeps track of the location of each coin. Forgery is close to impossible, and it also prevents people from spending the same coins more than once. The future of Altcoins are very bright due to the reason of IEO's because in the crypto world the trust of projects matters a lot, it helps in raising the price of tokens in every project.
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