Our COO & Co-Founder, Sukhi Jutla, was recently quoted in Finance Magnates article “2019: The Year in Altcoins, and the Year Ahead”.
The journalist, Rachel McIntosh, wrote:
“Sukhi Jutla, COO of blockchain B2B platform for the gold and diamond jewelry MarketOrders, told Finance Magnates that the coins that she’s observed to have a continuous strong performance are those that have seen the most adoption; those that have “had buy-in from many participants who would use the coin.”
“This is key for any success,” she said, pointing to Ripple as an example. “You need to have your stakeholders onboard and Ripple managed to do this well by getting trust and confidence from the banks who would use Ripple.”
Jutla also pointed to altcoins that have consistently delivered on promises of privacy: “Monero has also stood the test of time,” she said.
“Users value their greater levels of privacy. Dash altcoins continue to do well as a payment method which has proved to be faster than Bitcoin. And of course, Ethereum continues to go from strength to strength which has been driven mainly due to the number of applications being built on this network.”
“The number of altcoins coming to market has fallen when you compare it to 2017 and 2018,” Sukhi Jutla said. “This is mainly due to investors scrutinizing new coins and wanting to understand better how the coin can be used for the long term.”
Therefore, “I predict we will continue to see altcoins coming to market,” Jutla said, “but there will be more pressure on the creators to convince investors that their coins are here for the long term, can provide value and compete against Bitcoin as a credible coin of value.””
Quoted along Sukhi are:
- Adam Todd, founder and CEO of Digitex Futures
- Alex Lindenmeyer, Co-Founder of Accointing AG
You can read the full article here.