Before you consider getting into the cryptocurrency market, you should familiarize yourself with the method of evaluating an asset’s intrinsic value. Fundamental analysis is a necessary precursor to investing for any intelligent and responsible individual. Before buying an alt-coin with a comparatively small market cap but significant perceived and potential value, you must do your homework.
First, ask yourself, what problem is the altcoin solving? Where it’s positioned in the market, and are there any better alternatives to it? Second, research the team behind it. Is the development team any good? Is their corporate structure transparent? Are they credible and competent for the job? When and where are they registered? And at last, ask yourself, how much of your net worth are you willing to risk?
While the answers to all of these questions fall solely on your shoulders, we’re here to help and narrow your choices. There are more than 1300 altcoins on the market, and these are our top sven altcoins for 2018.
Monero (XMR) – $12 to $250 in 1 year
Monero is a secure, private, decentralized and untraceable cryptocurrency that started as a grassroots project in 2014. It’s an open-source project developed by a very respectable team of 7 core developers, more than 30 regular developers and above 240 contributing coders, continually pushing the frontier of what’s possible with security and privacy. With a market cap of 3.8 billion dollars, it’s the largest and most promising privacy altcoin at the moment, taking the 13th place on coinmarketcap.com. Without a doubt, 2018 will be a big year for Monero with massive upgrades accelerating adoption rates. Kovri, bulletproofs, and multisig support will give Monero dominance over the privacy coins in the years to come.
Cardano (Ada) – $0.02 to $0.4 in less than 5 months
With a meteoric rise of more than 3,200% since it came out in October, Cardano is currently the 5th largest altcoin on the market, and it’s for a good reason. The Cardano development team prides itself on being the first open source blockchain network built by leading academics and computer engineers through peer-reviewed research. The platform, unlike current cryptocurrencies, is built for the future — mainstream adoption with billions of transactions. The Cardano project aims to create a technological platform that will run financial applications used by individuals, organizations, and governments, as well as running smart contracts and decentralized applications. Basically, Cardano is a next-gen Ethereum on steroids.
Litecoin (LTC) – $3.7 to $160 in 1 year
Litecoin is marketing itself as the cryptocurrency for payments. Since it forked from Bitcoin in late 2011, the Litecoin development team, improved upon the Bitcoin concept, solving the scaling issue and enabling instant, zero-fee transactions; creating an alternative altcoin envisioned to be used as a medium of commerce, or as means of exchange rather than a store of value. Although Litecoin is currently the 6th biggest altcoin in the industry with a market cap of 8.7 billion dollars, it’s far from reaching its full potential. Charlie Lee, one of the most influential faces in the industry, announced that the Litecoin team is working on a merchant processor, popular online wallet and a goods trading platform which is expected to expedite Litecoin’s growth in 2018. Over the past year, the altcoin outperformed (price-wise) both Bitcoin and Ethereum with a growth of more than 2000%.
Steem (STEEM) – $0.14 to $4.15 in 1 year
STEEM is an SMT (Smart Media Token) that’s being used as a fast and zero-fee altcoin on blockchain based media platforms like Steemit.com. In essence, Steemit is a blogging site (a forum) just like Medium or Reddit with two crucial distinctions — it’s decentralized, and the content creators are getting paid for their content with the platform’s native digital currency STEEM. This novel proof-of-brain concept positions STEEM as a one of a kind tool for building growing internet communities that use cryptocurrency as an incentive for members to create valuable content. The popularity of Steem is growing at an exponential rate, exceeding both Bitcoin and Ethereum in a number of transactions processed.
Sia Coin (SC) – $0.00037 to $0.023 in 1 year
In an industry niche dominated by giant techno-moguls like Google, Microsoft, and Amazon, the Sia project is a noble endeavor to decentralize cloud storage and offer faster, cheaper, more reliable and secure, censorship and surveillance-free cloud storage platform secured by smart contracts. Tapping into an ever-growing market, Sia is solving the file storage problem by connecting users who need file storage with hosts worldwide offering underutilized hard drive capacity. Buyers of storage space and hosts offering it are settling their transactions with Siacoin, the native cryptocurrency on the Sia blockchain. The value of Siacoin is experiencing exponential growth since the announcement of the project.
Substratum (SUB) – $0.05 to 0.71 since it came out in September 2017
Substratum is a project that’s essentially trying to build a decentralized, limitless Internet. The system is designed to allow individual users to access the decentralized web hosted by other users on the network in exchange for SUB, the platform’s native cryptocurrency. With a relatively small market cap floating at just $160 million at the moment, and total altcoin supply capped at 352,000,000 SUB (one of the smallest on the market), this altcoin has a massive long-term hold value. Living in an age where the most progressive governments are attacking net neutrality and the less progressive ones are outright censoring it, Substratum seems like a project with an increasing utility value as we slowly move towards Orwellian dystopia.
Golem (GNT) – $0.02 to $0.37 in 1 year
Another coin with massive utility value. Golem is a global, open-source, decentralized supercomputer that anyone can access, made up of the combined power individual PCs around the world. People can lease their hardware/computing power in return for Golem Network Tokens (GNT). The Golem supercomputer allows for individuals or groups with limited computing resources to tap into the network and use it for anything ranging from CGI real-time rendering, artificial intelligence and machine learning to complex physical modeling and many other resource heavy computing functions. With a market cap of 300 million dollars and massive utility value, Golem is one of the most promising altcoin investments in 2018.
About The Author
Catalin is the founder of Ecommerce Platforms and Unblock. He’s a design enthusiast and loves matcha, and is uber passionate about bitcoin and blockchain technology. He is the author of the Beginners Guide To Bitcoin.
Dimitra (DMTR) Listed On Kucoin
Dear Dimitra Community, We have some fantastic news to share with you. Dimitra is excited to announce the listing of the $DMTR token on KuCoin, recognized as one of the world’s leading crypto currency exchanges. The exchange’s user base is global and it is considered to be one of the leading trading venues for emerging […]
Dear Dimitra Community,
We have some fantastic news to share with you. Dimitra is excited to announce the listing of the $DMTR token on KuCoin, recognized as one of the world’s leading crypto currency exchanges. The exchange’s user base is global and it is considered to be one of the leading trading venues for emerging and established altcoins.
KuCoin is the first exchange to list $DMTR. This listing, to be followed by other centralized and decentralized listings, will facilitate and accelerate Dimitra’s goal of democratizing agriculture technology for farmers globally.
The Dimitra $DMTR token will be available for deposit initially with the DMTR/USDT trading pair.
– Deposits will open at 11:00am UTC on September 21, 2021
– Trading will start at 09:00am UTC on September 22, 2021
All trading execution is done through the official website at www.kucoin.com or within the KuCoin Android and iOS apps
Dimitra is grateful and fortunate to experience the growth of such an active and loyal community! We are looking forward to continuing to grow together.
📢 WORLD PREMIERE LISTING
🔹Deposit: now open (supported network: ERC-20)
🔹Trading: 09:00 am on September 22, 2021 (UTC)
🔹Withdrawal: 10:00 am on September 25, 2021 (UTC)
— KUCOIN (@kucoincom) September 21, 2021
Check out KuCoin’s listing announcement here: https://www.kucoin.com/news/en-dimitra-dmtr-gets-listed-on-kucoin-world-premiere?utm_source=twitterinfo
Dimitra (DMTR) is a blockchain platform that is democratizing the agricultural technology space for smallholder farmers globally. Dimitra provides access to the blockchain, machine learning, Internet of Things sensors, and Satellite Technology through a mobile platform that helps farmers globally increase their yield, reduce costs and mitigate risks. Current farming practices are not sustainable; creating an evolution of practices will contribute to solving some of today’s largest issues for farmers. Issues like poverty, hunger, global warming, carbon emissions, freshwater, and soil preservation are all impacted by the adoption of Dimitra. Dimitra’s platform provides utility by combining the crypto investment cycle with agricultural development practices within nations globally.
MiamiCoin Could Free Residents Of Tax Burden, Says Mayor
Thanks to its recently launched cryptocurrency, Miami is exploring a new way to fund municipal expenditures. ICYMI my interview on MiamiCoin w/ @FoxBusiness ✅The revolutionary concept of @mineCityCoins ✅Understanding how it’s generated $5M+ for the City ✅How these benefits translate into a better quality of life for Miamians pic.twitter.com/ipewPwBMdw — Mayor Francis Suarez (@FrancisSuarez) September […]
The post MiamiCoin Could Free Residents Of Tax Burden, Says Mayor appeared first on CryptoCoin.News.
Thanks to its recently launched cryptocurrency, Miami is exploring a new way to fund municipal expenditures.
ICYMI my interview on MiamiCoin w/ @FoxBusiness
✅The revolutionary concept of @mineCityCoins
✅Understanding how it’s generated $5M+ for the City
✅How these benefits translate into a better quality of life for Miamians pic.twitter.com/ipewPwBMdw
— Mayor Francis Suarez (@FrancisSuarez) September 20, 2021
MiamiCoin earns 2,000 USD every 10 minutes for the city
In February, Miami mayor Francis Suarez made first advancements to transform the city into a cryptocurrency hub. His plans were further cemented when the municipal cryptocurrency MiamiCoin launched last month with 30% of all mined coins going directly to the city.
In a recent interview with Fox Business, Suarez confirmed that the city receives roughly 2,000 USD every 10 minutes though MiamiCoin. Annualized, this transfers to a revenue of over 100 million USD, although Suarez has been more careful, estimating a yearly revenue of 60 million USD. The money is earmarked for specific projects, such as funding for underprivileged communities, crypto education, and climate change mitigation.
Crypto could revolutionize government funding, says Francis Suarez
In his interview, Suarez stated that MiamiCoin could theoretically abolish Miami’s already low tax burden altogether:
It’s interesting because it’s not an involuntary tax and it’s not philanthropy. It’s something that is completely different and could revolutionize the way governments are funded in the future.
It is still a long way to go for that though. In 2015, the City of Miami recorded a total tax revenue of roughly 240 million USD. Yet, the move towards municipal coins is a very natural development.
Using cryptographic tokens as a funding vehicle for developing DeFi platforms and other decentralized applications is a tested method and has specially made great advancements over the last year. It should be only a matter of time until this method will be tried on a municipal, or even nationwide scale.
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AMC Entertainment Could Include Dogecoin as a Payment Option
Following confirmation that AMC would begin accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payment, the company’s CEO has asked the Dogecoin community if AMC should add the meme coin among the cryptocurrency options.
Almost 80% Want to Pay for a Movie Ticket With DOGE
Adam Aron, CEO of the world’s largest movie theater chain AMC Entertainment, conducted a poll via Twitter on Tuesday (September 21st, 2021) to check whether the company should accept DOGE payment. The poll, which ends on September 22nd, has garnered a lot of responses, most of them wanting AMC to include the meme crypto.
According to Aron, the Twitter survey came amid calls from members of the Dogecoin online community to add DOGE to the list of crypto options.
“I hear from many on my Twitter feed we should accept Dogecoin too. Do you think AMC should explore accepting Dogecoin?”
Before the latest development, the AMC CEO announced that the movie theater giant will accept Ethereum, Bitcoin Cash, and Litecoin by the end of 2021. This was after Aron previously revealed during an earnings call in August that customers would be able to pay for movie tickets and concessions online with bitcoin, also at the end of the year.
The poll has so far seen 110,000 votes, with 70% responding positively to the idea of DOGE payment, while 8% also agree but say they would not use the meme coin for payment. Meanwhile, 22% of the voters were not in support of the motion.
Growing Support for Dogecoin Payment
Aron’s survey comes as the cryptocurrency market is experiencing massive price dumps, along with the global financial markets, mostly tied to the Evergrande saga. Bitcoin, which traded at $48k over the weekend, dropped to as low as $40k, with the price of other altcoins also plummeting. However, there has been a slight recovery.
Dogecoin is currently the 10th largest crypto by market capitalization and reached an all-time high (ATH) of over $0.7 back in May. Now, though, it’s down to roughly $0.2.
If AMC Entertainment goes ahead to include the meme token among the list of accepted cryptocurrencies, the movie theater giant would become the latest company to support DOGE payments. Some others who have adopted Dogecoin include American basketball team Dallas Mavericks and Newegg.
Apart from AMC’s Adam Aron, Tesla’s CEO Elon Musk also carried out a similar poll for his followers. Although many of the respondents voted in favor of the electric vehicle manufacturer including DOGE among payment options, the company is yet to make it official.
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