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7 Promising Altcoins You Should Consider in 2018

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 …

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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.

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Blockchain

Spanish Banking Giant BBVA to Launch Bitcoin Trading and Custodial Services in Switzerland

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After conducting tests for several months, the Swiss branch of the large Spanish bank – Banco Bilbao Vizcaya Argentaria (BBCA) – has announced plans to release two services related to the cryptocurrency industry.

  • According to the official statement, private banking customers based only in Switzerland will have the option to trade bitcoin and other digital assets starting from Monday – June 21st.
  • BBVA’s second service will enable its clients to store their digital assets on a regulated platform, and both initiatives will launch simultaneously.
  • Nevertheless, the entity has no plans to offer advice or actively manage any funds related to cryptocurrency investments.
  • Alfonso Gomez, CEO of BBVA Switzerland, explained that these services come after an extended trial period and enhanced customer demand.
  • “This gradual roll-out has allowed BBVA Switzerland to test the service’s operations, strengthen security, and, above all, detect that there is a significant desire among investors for crypto-assets or digital assets as a way of diversifying their portfolios, despite their volatility and high risk.” – he added.

  • The services and a bitcoin management system will also be available in the bank’s mobile application. Users will be able to use to review their investments and track their performance.
  • The bank will provide a personalized digital wallet, which will enable customers to convert BTC and other digital assets to euros or other fiat currencies, and vice versa. The process will be automatic, “without delays and without the illiquidity that affects other digital wallets or independent brokers.”
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Source: https://cryptopotato.com/spanish-banking-giant-bbva-to-launch-bitcoin-trading-and-custodial-services-in-switzerland/

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Secret (SCRT) and Injective Protocol (INJ) Technical Analysis: What to Expect?

Secret (SCRT) and Injective Protocol (INJ) Technical Analysis

Rate this post Injective Protocol and Secret prices are holding up above key support levels. Still, INJ/USDT may crash towards $5 as SCRT/USDT buildup towards $2.5. Secret (SCRT) SCRT is the native currency of the privacy-centric focus enabling private and secure computation. Past Performance SCRT/USDT prices remain under the weight of sellers. However, the whipsaw of June 17 with markedly high trading volumes may provide a cushion for hopeful bulls. SCRT is relatively strong at press time, adding seven percent against the USD. Trading volumes are up 36X on the last trading day, buoying buyers. Day-Ahead and what to Expect Reading from the daily chart, SCRT/USDT is deep in bear territory. However, there are signs of strength as June 17 gains may lead the way. Technically, every low may be a loading opportunity for buyers expecting a surge towards $2.5 in line with gains of late May 2021. SCRT/USDT Technical Analysis SCRT bulls are back in contention, which is net bullish. Thus far, SCRT/USDT prices are in range, flattening out following losses of May 21. However, as long as SCRT prices are firm above $1 and May 2021 lows, every low may be a loading opportunity for bulls targeting $2.3 in the medium term. Losses below $1 invalidate the uptrend. Injective Protocol (INJ) INJ primes the protocol. Its creators look forward to truly decentralized solutions explicitly allowing users to trade various assets, including CFDs and derivatives. Past Performance of INJ INJ prices are mainly in range inside a tapering wedge with clear resistance and support lines. On the downside, INJ found support at $8, while the middle BB is a notable resistance line, as the price action of the last month shows. At spot rates, INJ is stable, losing versus the USD but posting minor losses against BTC and ETH. Day-Ahead and what to Expect Technical candlestick arrangements favor bears in the short term. Sellers are pressing lower, unwinding gains in a bear trend continuation pattern, as June 17 bar reveals. Nonetheless, a close above the middle BB may rejuvenate bulls, injecting them with momentum for the next phase higher. INJ/USDT Technical Analysis Technically, every high below the middle BB is a liquidation opportunity for opportunistic bears. In that case, $8 is the next target. Further losses in sync with May losses below the minor support trend line may force INJ/USDT towards $5 or $3 in the medium term. An unexpected surge above $9 ignites demand building up for $11.

The post Secret (SCRT) and Injective Protocol (INJ) Technical Analysis: What to Expect? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

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Injective Protocol and Secret prices are holding up above key support levels. Still, INJ/USDT may crash towards $5 as SCRT/USDT buildup towards $2.5.

Secret (SCRT)

SCRT is the native currency of the privacy-centric focus enabling private and secure computation.

Past Performance

SCRT/USDT prices remain under the weight of sellers. However, the whipsaw of June 17 with markedly high trading volumes may provide a cushion for hopeful bulls.

SCRT is relatively strong at press time, adding seven percent against the USD.

Trading volumes are up 36X on the last trading day, buoying buyers.

Day-Ahead and what to Expect

Reading from the daily chart, SCRT/USDT is deep in bear territory.

READ  SushiSwap (SUSHI) and NEAR Protocol (NEAR) Technical Analysis: What to Expect?

However, there are signs of strength as June 17 gains may lead the way.

Technically, every low may be a loading opportunity for buyers expecting a surge towards $2.5 in line with gains of late May 2021.

SCRT/USDT Technical Analysis

Secret Price Daily Chart for June 18

SCRT bulls are back in contention, which is net bullish.

Thus far, SCRT/USDT prices are in range, flattening out following losses of May 21.

However, as long as SCRT prices are firm above $1 and May 2021 lows, every low may be a loading opportunity for bulls targeting $2.3 in the medium term. Losses below $1 invalidate the uptrend.

Injective Protocol (INJ)

INJ primes the protocol. Its creators look forward to truly decentralized solutions explicitly allowing users to trade various assets, including CFDs and derivatives.

Past Performance of INJ

INJ prices are mainly in range inside a tapering wedge with clear resistance and support lines.

READ  Bitcoin still BULLISH, Ban is Unlikely! Enjin Minecraft Server, Safe Haven Update – Crypto News

On the downside, INJ found support at $8, while the middle BB is a notable resistance line, as the price action of the last month shows.

At spot rates, INJ is stable, losing versus the USD but posting minor losses against BTC and ETH.

Day-Ahead and what to Expect

Technical candlestick arrangements favor bears in the short term.

Sellers are pressing lower, unwinding gains in a bear trend continuation pattern, as June 17 bar reveals.

Nonetheless, a close above the middle BB may rejuvenate bulls, injecting them with momentum for the next phase higher.

INJ/USDT Technical Analysis

INJ Price Daily Chart for June 18

Technically, every high below the middle BB is a liquidation opportunity for opportunistic bears. In that case, $8 is the next target.

Further losses in sync with May losses below the minor support trend line may force INJ/USDT towards $5 or $3 in the medium term.

READ  THETA and Serum (SRM) Technical Analysis: What’s Next?

An unexpected surge above $9 ignites demand building up for $11.

#DeFi #INJ #INJ/USDT #Injective Protocol #SCRT/USDT #Secret Network

Source: https://www.cryptoknowmics.com/news/secret-scrt-and-injective-protocol-inj-technical-analysis-what-to-expect/

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Bitcoin isn’t as Anonymous as People Think it is: Cornell Economist

Bitcoin Anonymous Cornell Economist

Rate this post Eswar Prasad, an economist at Cornell University that says that Bitcoin isn’t as anonymous as people think it is. Other issues pointed out by him include Bitcoin mining being extremely bad for the environment, and that it doesn’t work well as a currency. Cornell Economist Points Out more Flaws of Bitcoin Besides Not Being Anonymous Leading cryptocurrency Bitcoin isn’t as anonymous as people think it is, according to a professor at Cornell University, Eswar Prasad, and formerly head of the International Monetary Fund’s China division. In an interview with CNBC on June 17, Prasad has highlighted the flaws of the flagship cryptocurrency. Firstly, he highlights that Bitcoin mining is an energy-intensive process and that it harms the environment and that it’s “certainly not good for the environment”. On the counterpart, he does highlight that Ethereum requires less energy than the flagship digital asset, saying: “That is going to be much less energy-intensive, and it could deliver a lot of the benefits that bitcoin was supposed to deliver. It could also make transactions much cheaper and quicker.” Secondly, he points out that BTC isn’t as anonymous as people think it is: “The main idea of bitcoin was to provide pseudonymity. But it turns out that if you use bitcoin a lot, and especially if you use Bitcoin to get any real goods and services, then it becomes possible eventually to link your address or your physical identity to your digital identity.” He reminds the U.S. government’s recent success in tracking and retrieving part of the Bitcoin ransom from the Colonial Pipeline ransomware attack has increased doubts about the security and non traceability of Bitcoin transactions. Bitcoin is a “Slow and Cumbersome” Medium of Exchange Lastly, he says that BTC doesn’t work well as a currency as it’s “slow and cumbersome” to use it to pay for goods and services and that the market is very volatile, adding: “So you could take a bitcoin to a store and one day, get a cup of coffee and another day, with the same bitcoin, be able to treat yourself to a lavish meal. So that doesn’t work well for the medium of exchange” According to him, BTC has become a speculative asset for people who hope it will appreciate in value, rather than because they want to use it as a payment mode.

The post Bitcoin isn’t as Anonymous as People Think it is: Cornell Economist appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

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Rate this post

Eswar Prasad, an economist at Cornell University that says that Bitcoin isn’t as anonymous as people think it is. Other issues pointed out by him include Bitcoin mining being extremely bad for the environment, and that it doesn’t work well as a currency.

Cornell Economist Points Out more Flaws of Bitcoin Besides Not Being Anonymous

Leading cryptocurrency Bitcoin isn’t as anonymous as people think it is, according to a professor at Cornell University, Eswar Prasad, and formerly head of the International Monetary Fund’s China division.

In an interview with CNBC on June 17, Prasad has highlighted the flaws of the flagship cryptocurrency.

READ  Retail Investors on Reddit are Shifting from Equities to Cryptocurrencies

Firstly, he highlights that Bitcoin mining is an energy-intensive process and that it harms the environment and that it’s “certainly not good for the environment”. On the counterpart, he does highlight that Ethereum requires less energy than the flagship digital asset, saying:

“That is going to be much less energy-intensive, and it could deliver a lot of the benefits that bitcoin was supposed to deliver. It could also make transactions much cheaper and quicker.”

Secondly, he points out that BTC isn’t as anonymous as people think it is:

“The main idea of bitcoin was to provide pseudonymity. But it turns out that if you use bitcoin a lot, and especially if you use Bitcoin to get any real goods and services, then it becomes possible eventually to link your address or your physical identity to your digital identity.”

READ  Binance All-Time High! EOS FOMO, BitTorrent and SkyCoin Surge, Harmony IEO – Crypto News

He reminds the U.S. government’s recent success in tracking and retrieving part of the Bitcoin ransom from the Colonial Pipeline ransomware attack has increased doubts about the security and non traceability of Bitcoin transactions.

Bitcoin is a “Slow and Cumbersome” Medium of Exchange

Lastly, he says that BTC doesn’t work well as a currency as it’s “slow and cumbersome” to use it to pay for goods and services and that the market is very volatile, adding:

“So you could take a bitcoin to a store and one day, get a cup of coffee and another day, with the same bitcoin, be able to treat yourself to a lavish meal. So that doesn’t work well for the medium of exchange”

According to him, BTC has become a speculative asset for people who hope it will appreciate in value, rather than because they want to use it as a payment mode.

READ  Grayscale Bitcoin Trust Sees Rebound as Institutional Demand Increase

#Bitcoin #Cornell University #Eswar Prasad

Source: https://www.cryptoknowmics.com/news/bitcoin-isnt-as-anonymous-as-people-think-it-is-cornell-economist/

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