Who will be the next king of crypto world? NOT Bitcoin!
As always, we are considering Bitcoin as the king of the cryptocurrencies because it has the highest market cap and around 55% dominance. Even though we are still under bear market, Bitcoin price tendency is actually relatively stronger than other alternative coins.
However, this situation will probably be changed after the other giants join this game. Recently, South Korean electronics giant Samsung may complete their blockchain infrastructure development as well as the native cryptocurrency- “Sumsung Coin”. As reported, this blockchain mainnet would be based on Ethereum, and likely incorporate elements of both public and private blockchains to meet different requirements. While this news is not yet confirmed officially, Samsung flagship Galaxy S10 smartphone has included a built-in cryptocurrency wallet which supports 18 coins : ETH、TUSD、BAT、RE、Revain、LINK、AE、PAX、MKR、USDC、NPXS、COSM、BTM、OMG、PPT、VET、BNB and ZRX. In addition to the cryptocurrecnies, Galaxy S10 also has the DApp store which covers all kinds of decentralized applications.
Similar stories have already happened on Facebook and JPMorgan Chase. More specifically, JPMorgan has already released their coins as kind of instant payment means between institutional accounts. And this JPM coin will represent USD, which means a JPM coin always has a value equivalent to one U.S. dollar. Even though currently JPM coin is a prototype that will be tested with a small number of J.P. Morgan’s institutional clients, it is easy to imagine how significant effects there could be in the blockchain and cryptocurrency field.
Besides, Facebook is another firm that could be releasing a virtual currency to the market. The largest social media platform around the world was heard to launch their own cryptocurrency — Facebook coin based on WhatsApp application. There has been no official announcement about it yet. The FB Coin could be a stablecoin backed by funds that the firm has, which could help many individuals who want to make cross-border payments.
Just imagine when the coins issued by the giants are available in the market, what will be their market cap? Not only that, in the next round, more and more traditional companies will join the industry, and take advantage of the blockchain technology, who will be the next king? It may not be Bitcoin.
CoinAll, a strategic partner of the world-class exchange OKEx, is a leading digital asset exchange in the industry. With a vast user base, CoinAll helps project teams boost their brand exposure and community engagement with a variety of campaigns in line with the projects’ USPs and our users’ demographics, maximizing the brand influence and users’ satisfaction of the listed projects. CoinAll has also listed the quality projects which are included in the Samsung cryptocurrency wallet, like USDC, TUSD, BAT, COSM, LINK, AE and ZRX.
What is your opinion about the king of future cryptocurrency world?Welcome to join our community and share with us!
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