Connect with us

Altcoins

3 Biggest Penny Cryptocurrencies in Early 2019

Published

on

penny cryptocurrencies

The crypto market may have taken a serious hit in 2018, but it is still massive and filled with over 2,100 different cryptocurrencies. Some of them can measure their value in hundreds of dollars, while Bitcoin itself currently has a value of nearly $3,500. However, there are also coins that can be bought with mere pennies.

However, the actual value of each individual coin is only what is going on on the surface, and to establish the success of these coins, one has to look past the price. Things such as market cap, trading volume, and the coin’s place on the list of largest cryptocurrencies are what determines which coins are popular.

With that in mind, let’s explore some of the penny cryptocurrencies — coins with a price under $1 — that are among the largest cryptos in early 2019.

1) XRP

XRP is the coin whose price still remains under $0.5, even after years of being around. It is currently the second largest cryptocurrency by market cap ($12,617,403,510), bested only by Bitcoin itself. However, not many people would think so when they see its value of only $0.306601 at the time of writing.

XRP is a coin developed by a company called Ripple Labs, which set up a goal of revolutionizing the payment systems used by banks and financial institutions. This is where XRP’s true value lies, as Ripple’s products use XRP for sending money.

Current payment systems used by banks around the world are considered to be old and outdated. They can no longer properly handle the needs of customers in the modern age. International transactions are especially bothersome, as each of them typically needs several days to be processed. While this may have been good enough some years ago, the current technology is advanced enough to make these payments cheaper and nearly instant.

Ripple’s products can do this, and they use XRP to transfer the money from one place to another. This is what makes the coin popular, and what puts it among cryptos with the biggest chance to reach mainstream adoption.

2. TRON (TRX)

TRX, currently the 8th largest coin by market cap, is the next coin that is priced under $1, according to CoinMarketCap. TRON is a coin that aims to decentralize the web and completely revolutionize the entertainment industry. It started off as ERC-20 token, meaning that it was created on Ethereum’s network. However, it managed to launch its own blockchain in mid-2018, which is where its true development started.

After launching the MainNet, TRX has brought its tokens to the new blockchain and started working on numerous different projects. While the original development team focused on perfecting the coin and growing its ecosystem, other developers started launching their own products based on the TRON blockchain.

Soon after the MainNet launch, TRON announced that it would purchase BitTorrent, and this announcement was followed by another one, which stated that TRON is working on its biggest project yet. After keeping it a secret for a while, TRON’s founder, Justin Sun, revealed that the project in question is called Project Atlas and that it will revolve around BitTorrent itself. The project will reward those who ‘seed’ files, and thus make it accessible to other BitTorrent users.

Even that is not all that TRX achieved in 2018, as the coin constantly kept announcing new partnerships, listings on wallets and exchanges, and other news. However, all of this was not enough to impact its price, as the bear market held on tight, and TRX is currently still believed to be highly undervalued, with a price of $0.026036 per coin, and a market cap of $1,738,125,517.

3. Stellar (XLM)

Finally, the third penny cryptocurrency is Stellar, which is only one rank below TRX, currently holding the 9th spot. This is also the last penny crypto in the top 10 coins by market cap.

Stellar currently has a market cap of $1,589,736,174, and a value of $0.082527, which is also considered by many to be far below its potential. After all, Stellar is one of the fastest coins in the crypto market, with the ability to complete any transaction within seconds. Similarly to XRP, Stellar aims to revolutionize cross-border payments and allow even the unbanked and underbanked individuals easy access to funds.

However, unlike XRP, Stellar aims to provide its services directly to individual users, while XRP decided to work with banks and financial institutions. Another thing that ties Stellar with XRP is the fact that Ripple’s co-founder, Jed McCaleb, created it in collaboration with Joyce Kim.

Stellar has also partnered with several companies and banks, with the biggest and most impactful one being the IBM, which aims to use the coin’s network for allowing its own customers an easy payment method. Meanwhile, the IBM partnership is invaluable for XLM as well, as it shows that this is a legitimate project with large potential, that even managed to attract one of the most reputable tech giants in the world.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

Published

on

GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

Continue Reading

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

Published

on

TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

Continue Reading

Altcoins

Messari Adds DigitalBits (XDB) & Branded Currencies to its Registry

Published

on

One of the top providers of crypto data and research tools on digital assets Messari has announced the addition of DigitalBits (XDB) to the Messari Registry. As a participant, DigitalBits governing body, the XDB Foundation will be providing regular updates and commit to transparency. The DigitalBits blockchain was built to support consumer digital assets – branded currencies.  As the company stated, “a global, legacy digital asset class, branded currencies play a vital role in consumer-brand interactions, and account for billions of dollars in value.  Branded currencies issued on the DigitalBits blockchain will also be included within the Messari Registry.”

Additionally, Messari and the XDB Foundation “may explore the buildout of a novel registry to accommodate branded currencies tokenized on DigitalBits. This registry would address issues consumers face when determining the legitimacy of branded currencies and their respective organizations,” the announcement said today.  The goal is to provide a standardized framework for organizations leveraging branded currencies, certifying asset legitimacy, and clearly outlining characteristics including but not limited to asset issuance and organization identity.

Commenting on the news, Messari representatives said they recognize the potential for the use of branded currencies to grow in the future as more enterprises embrace blockchain technology. Ben O’Neill, Vice President, BD & Operations at Messari said the Registry will help all…

Continue Reading

Press Release