Today, we will take a glimpse at a couple of altcoins that are worthy of your recognition. Particularly considering that one of them might be the most undervalued cryptocurrency right now.
You pretty much hear of Ethereum, Litecoin, and Bitcoin, but were you aware that there are over 700 cryptocoins and over 100 cryptos created on top of platforms out there for you to include in to your altcoin portfolio? With so many choices, it may be difficult to make out between the jewels and the sh!tcoins.
Let’s dive in now, yes?
XRP by Ripple
This altcoin looks like it was built to become a runaway success hit. It’s definitely very affordable and is being massively utilized by an increasing amount of financial institutions every day (with banks in Asia being the trailblazers as usual). In terms of market cap value, it’s constantly within the top 5 (presently a little over $9B).
Additionally, regulators are in fact convincing more banks to embrace this altcoin. That is significant, though that is the single gripe that blockchain purists and sourpusses don’t like about XRP. These people say that blockchain at its root ought to be decentralized. That’s a misconception that Thomas Ripple is working to disprove, and he is slowly succeeding as his tech gains ever wider adoption. The complainers must in fact exult as it can transform the financial industry for good. Say goodbye to 3-to-5-day wire transfers and SWIFT interference with this tech being more extensively embraced. Don’t doze off on Ripple, people.
XLM by Stellar Lumens
Because of how dirt cheap this is, one could keep stashing and stashing these and hold till doomsday without fretting about suffering too massive of a hit if this gets delisted (highly improbable). If this jewel “moons,” then those who’ve invested in it will certainly have a pleasant payday, even if this coin merely hits a quarter.
Additionally, this altcoin regularly has strong volume. This is a welcome fact if you’re aiming to sell the coins without having to wait on buyers for long periods of time. It’s really liquid and that’s one benefit you must be looking out for when you are out shopping for altcoins. Another eye-catching aspect of XLM is its function of being a “bridge” between disparate currencies that don’t have a direct market of their own.When it comes to market cap, it’s constantly in the top of the altcoin list, indicating that there are “whales” involved in this coin who are stashing it for a huge payday.
XEM by New Economy Movement
NEM is remarkably aggressive in its objectives. Unlike the majority of cryptos, it’s not mined, because mining leads to hoarding problems. It does not utilize proof-of-stake as well. Unlike the majority, this coin uses “proof-of-Importance” – a process wherein the coin is earned by end-users transacting with one other. This helps cultivate NEM in a purposeful way as opposed to being stashed by miners as they do with Bitcoin.
Its growth model makes way more sense than mining as it incentivizes those who promote the NEM economy. It is a forward-looking means to take care of the potential growth and adoption of this game-changer. The New Economy Movement also has plans to establish the first coin marketplace. Imagine it as eBay powered by blockchain, which is remarkable. Keep a close watch on this as this may be the most undervalued cryptocurrency that is ripe for the picking.
Further reading: Top 10 Basic Things to Know About Bitcoin and Other Cryptocurrencies