We’re in a scenario today where the sentiment surrounding altcoins is disproportionately negative.

Back in December 2018, I stated that Bitcoin was over-sold and had most likely bottomed. Fast-forward 9 months, Bitcoin has increased by more than 100% in price whilst most altcoins have failed to surge synonymously. It’s August 2019, and the sentiment towards altcoins reflects that of Bitcoin 9 months ago. People are scared to take the plunge, wondering if they’ll ever return, just like people were worried about Bitcoin.

Bitcoin is an incredibly exciting invention that is well on its way to becoming a global reserve currency, especially considering the fact that traditional forms of ‘currency’ are diminishing in value. Bitcoin has incredible upside to come, but should this mean that we ignore other projects that may have even more upside returns?

A quick read of the ‘lindy effect’ will tell you that the chances of an alternative coin replacing Bitcoin as a potential ‘digital gold’ are incredibly slim. Bitcoin continues to grow in security (mining power) and status (public perception), two elements that are creating a feedback loop favoring Bitcoins position on the throne. This aligns with the shift in the Bitcoin narrative, veering towards a ‘safe-haven asset’, an idea that's becoming increasingly attractive in today’s unstable macro-economic outlook. Yet, if we’re to assume that Bitcoin will be the only cryptocurrency to provide any real value to the world, we could be left short-changed from the value-potential that's about to be created in the space.

What’s the case for altcoins?

Altcoins — A word that is as divisive within the crypto community as Bitcoin is within the general community. A disadvantage that ‘altcoins’ have firstly, is that they are all clustered into this term that doesn’t have a positive reputation within the crypto-sphere. Subsequently, this provides an opportunity for thought-leaders in the space to tarnish the perception of these projects whilst painting them all with the same brush, a lazy attempt at edifying Bitcoin. This masks any meaningful fundamental progress that any of these alternative projects have achieved.

Fundamental growth?

Investment bank to launch $1bn worth of security tokens on the Tezos blockchain.

Jaguar Land Rover partnering with IOTA for data and value transfer.

MoneyGram and Ripple entering a 2-year strategic partnership to leverage XRP for exchange settlements.

Google announcing Chainlink as an official cloud partner.

Experienced Bitcoin hodlers will tell you that price is not always indicative of fundamental value. Whilst Bitcoins price approached serious under-valued territory in Q4 of 2018, the same argument can be made for a handful of altcoin projects in today’s market. This blog isn’t here to decipher which altcoin projects those are. But, below will give you an indication of what we can expect.

Technically sound?