I don’t really like the centralization of Ripple, but I like the fact that it has a strong team and a promising idea of ​​using it in the banking sector for making interbank and cross-border payments. I am sure that its price will increase, but most likely only after Ripple sells all the XRP coins that are in their fund and this will happen in about 4 years, if I calculated correctly.

Recently, a lot of altcoins that seemed promising now cost dozens of times cheaper than a couple of months ago or cost nothing. Therefore, instead of investing in risky projects, it is much better to invest in well-known and powerful projects, such as Litecoin.

In the near future, the ICO is unlikely to return, because now the trend is IEO, and if someone invests, it often chooses IEO, because they are considered more secure. Scam projects greatly undermined the credibility of ICOs, so investors are more cautious about ICOs.

Ethereum deemed halal by Muslim scholars, may stimulate ETH demand



Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum “halal,” or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether.

Ethereum’s compliance with Sharia law has been contemplated for some time. Virgil Griffith, an American programmer and head of special products at the Ethereum Foundation, first examined the question in October 2017. Now, a white paper from Oman-based Amanie Islamic Finance & Shariah Advisor highlights that Ether does indeed adhere to Sharia law, as first reported on by Decrypt

In Islam, usury, the process of lending money to profit from interest, is considered “haram,” or sinful. That said, making a profit through the appreciation of a physically-backed asset, like real estate or gold, is compliant with Sharia law.

Most cryptocurrencies are considered haram because a physical asset does not back them. Instead, coins often represent a pseudo-investment in a corporation. Because of most cryptocurrencies are likely securities, as stated by the SEC, the semblance to interest provokes a stir among those in Islamic finance.

Instead, Ether represents a “utility token” and functions as a currency that powers Ethereum, Amanie argued. Thus, owning ETH is halal.

That said, Muslim scholars reserved their thoughts on specific use cases for ETH since numerous tokens run on the protocol. In cases where tokens are used to raise money for companies—which looks a lot like interest—then such activity would be considered haram in Islam.

In the more nuanced portion of the analysis, authorities ruled that Ethereum’s proof-of-work and proof-of-stake are both compliant to Sharia principles. However, proof-of-stake, the act of “locking up” tokens to receive staking rewards, is still a matter of debate once ETH2.0 goes live.

Amanie is a highly-admired voice in the Islamic finance industry. Although the opinion is not final by any means it still holds weight among devout Muslims.

The ruling is similar to comments made by the chairman of the U.S. Securities Exchange Commission in March, which affirmed that Ethereum is closer akin to a commodity than a security.

Atif Yaqub, a Muslim blockchain expert who helped explain the technical particulars to Amanie, said conclusively:

“Individuals who are more faith conscious can now engage without any doubt that the emerging tech is fully permissible to use.”

https://cryptoslate.com/ethereum-halal-muslim-scholars-eth-demand

Both of these coins are well suited for investing. Although technically they are different and have different purposes. It’s more convenient for me to use Ethereum for making payments, and Bitcoin for storing and making large payments. I think they will exist in parallel and Bitcoin will remain number one.

Considering how much investors lost even investing in those coins that are in the TOP 100, I find it difficult to answer the question about a good coin for investing in the long-term. I'm afraid no one knows which altcoin will be able to bring us profit, so we invest at our own risk and choose a coin based on our experience and knowledge.

I think that sentimental analysis and fundamental analysis are most suitable for price forecasting, but any analysis in cryptocurrencies does not allow making forecasts for a long period of time. Because in the crypto world, everything is very unpredictable and any scandal or negative news can collapse the project price and in the future provoke a panic and sale of coins that will bury the project. For a more objective analysis, you need to constantly monitor news from the world of cryptocurrencies, for this I use different services, one of them is https://cryptopanic.com but there are other good news aggregators.

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