Altcoins
3 Hottest Cryptocurrency Trends for 2019
The global banking and financial systems are showing cracks in their facade and cryptocurrencies may soon be the more viable options. 2019 may be the year of the cryptocurrency. While the most well known of cryptocurrencies, Bitcoin, saw a decline in value in the last half of 2018, other cryptocurrencies are making an appearance on the market. Bitcoin is the most spoken about, together with Ethereum, but there are three innovative and emerging cryptocurrency trends that investors should look out for include:
- Jetcoin
- Fatcom
- 0x (ZRX)
Jetcoin
Eric Alexandre founded the Jetcoin Institute in 2014. Doing what he knows best, dealing with stars and talent, Eric Alexandre found a way to give fans of athletes and stars a way to participate in their success. Individuals are able to choose talent from Alexandre’s pool of ‘Jetcoin talent.’ As the athletes find success, so do the investors.
Some of the Jetcoin talents include the Manchester United’s star athlete, Luiz Roza Fernandinho, the Real Madrid athlete Marcelo Vierira and Burmese rising fashion star and celebrity, May Myat Noe.
Jetcoin found a smart and innovative way for fans to benefit from their belief and loyalty in a star. Fans buy a crypto token called a JET, investing in their image rights. As the star reaches success, so the value of the token rises. It’s an innovative way of rewarding fans, and an innovative way of aspiring talents to gain recognition too.
Jetcoin is a fresh and innovative cryptocurrency, growing in size and stature. They partnered with the Lagardère Sports Group in 2018 to market the agency’s brands and signed a deal with Prime Sports Rights, to represent Fernandinho and Vierira.
Factom
Factom is a blockchain technology that writes data that can never be changed. It is a concept that was started in 2014, almost built on top of Bitcoin. When something is recorded on Factom, it is there for eternity, it is safe and it does not need verification.
What Factom does is offer a record of data, original records of copy, that is trust able and always verified. It does this for complex industries with great volumes of data. The aim is to become the top provider of blockchain data source solutions.
The currency of Factom is a Factoid and this is the cryptocurrency that is traded by investors. It is an interesting application of cryptocurrency and is increasing in growth at a good rate. Analysts predict a growing trend.
0x (ZRX)
This is the third of our innovate cryptocurrencies. With time it may turn out to be one of the strongest coins in the Cryptocurrency world. At the moment, 0x only support ERC20. There is talk that it may be absorbed into other chains and it is for this reason that people are keeping their eye on 0x.
0x was designed as an open protocol that could offer a decentralized exchange as part of the Ethereum blockchain. It was created to be different from both centralized and decentralized exchanges, offering an excellent combination of features.
Coinbase allows you to buy and sell 0x (ZRX) and the value of this cryptocurrency may soon be realized, making it to the list of our cryptocurrencies to watch.
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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.
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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.
SOL Outlook
Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.
The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.
This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…
Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.
Catalysts Behind SOL’s Rally
Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.
The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.
Cited figures provided by DeFi aggregator DeFiLlama…
Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.
SOL’s Bullish Cues
Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.
In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.
Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…
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