If by next you are referring to its capacity to shake the world and infiltrate different levels of our society, then you can think about a blockchain project that is super functional and is recognized in the cryptocurrency market. I guess Ethereum is one of the candidates. There was a crash in June 2017 when ETH price dropped to almost zero on the GDAX exchange for a few seconds. Since then, investors were afraid to risk their money and ETH didn’t show decent growth until November/December, when the whole crypto market surged.
Today, investors ignore that incident and Ethereum seems to be a solid platform that is ready for many uses in the future.
Bitcoin not very functional – it’s just a cryptocurrency used by speculators and those who want to store their funds and avoid inflation. On the other side, Ethereum is much more flexible even as a cryptocurrency. However, the special thing about it is the ability to use smart contracts. We may see more and more businesses moving to a new way of negotiating based on smart contracts, and we may see Ethereum raising to new levels, probably even passing Bitcoin in terms of market capitalization.
Does it sound impossible? Don’t forget that Bitcoin had a market dominance of over 90% for many years, and what about now? Its share of the crypto market fell to a third, and it may lose more dominance from now on. Things are changing.
Coinbase OG Olaf Carlson-Wee said in December 2017:
“Last time I was on here I said Ethereum would pass bitcoin by the end of 2018. I would actually hold to that right now … I would. It’s because of the more advanced capabilities of the protocol, so the types of things we’re seeing built on Ethereum are almost a bit sci-fi.”
Ethereum co-creator Steven Nerayoff said that the platform could surpass Bitcoin in 2018. He added:
“What you’re seeing with ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year.”
If you want to find the next big thing in terms of returns, then you can think about almost any altcoin in the top 20. In 2017, Bitcoin has generated a return of about 1,400%. Does that sound impressive? Ethereum rose over 9,000% and Ripple surged by over 35,000%!
Bitcoin is the largest cryptocurrency out there, so you can’t expect it to double every day, but an altcoin at its nascent state can do it. Cardano, Tron, NEM, are few of the blockchain projects that exploded last year.
So if you think about returns, the next big thing is any altcoin that has some potential.