As we continue to progress towards the end of 2018, a lot of issues in the crypto world that emerged this year are starting to get resolved. The influence of the bear market is finally weakening, and a lot of coins with real potential are starting to attract the attention of investors.
For a lot of people, this is a good thing, as investing in cheap altcoins with a lot of potentials can bring large amounts of money to HODLers once the prices start going up. Due to the mostly bearish 2018, there is no lack of cheap altcoins, many of which are worth less than 10 cents per coin right now. However, some of these coins are expected to grow quite big, and investors believe that 2019 will be the year when they will finally get the chance to shine.
Because of that, we believe that a closer look at some of these coins is necessary, as passing a good investment opportunity can be a huge waste. So, without further ado, here are three low-cost altcoins with a huge potential that are currently worth less than 10 cents.
1. Cardano (ADA)
Cardano is already a well-known altcoin, that is even ranked among the top 10 cryptocurrencies as per CoinMarketCap. It holds the 8th spot on the list of largest cryptos by market cap, but even so, its current price is only $0.070989.
During its peak, Cardano’s price was $1.26, and it has a market cap of over $30 billion. Of course, its fall came after the bear market took place in January 2018. However, this has happened to pretty much every other coin, and ADA should definitely not be discarded because of it.
Its strength lies in its unique approach, which is academic in nature, and driven by research. Its team consists of professional researchers and expert engineers that are constantly coming up with research papers regarding different aspects of blockchain technology. Cardano has also released several wallets, its platform’s key feature is a formal verification approach, and it is dedicated to increasing security and effectiveness.
All in all, Cardano is a coin that definitely has potential, and experts believe that it will regain its former glory in 2019, and possibly even reach new heights.
2. Decentraland (MANA)
Next, we have Decentraland. The project has a large ambition that revolves around creating a new virtual world based on blockchain technology. Users will be able to buy a virtual real estate and create any type of VR construction or application on this piece of digital land.
The VR world’s currency is, of course, going to be MANA, and all ownership rights will be recorded on the blockchain. Thanks to blockchain’s immunity to information manipulation, all recorded data will be transparent and safe. Furthermore, Decentraland is open for everyone who is interested to participate.
Participants are additionally motivated to make virtual creations by the ability to monetize them. This may include games, various beautiful graphical objects, and even entire digital marketplaces.
As for the coin itself, its current price is $0.078779, which is similar to Cardano. However, its market cap is much lower, and because of it, the coin currently holds the rank of 74. Despite this, it is considered to be quite a promising project, with a lot of people developing an interest in the VR. Because of this, it is believed that 2019 will be the year when this project truly starts attracting attention.
3. Bitshares (BTS)
Finally, there is Bitshares. This is a project that holds the rank of 35, with a price of $0.095483 per coin. BTS is an old currency. It was launched in 2014, and it represents the first blockchain child of Dan Larimer, who later became associated with projects like EOS and Steem.
Bitshares has a goal of assisting individuals that have no access to banking services and allowing them to participate in the world of finances like everyone else. In a way, it is imagined to serve as a decentralized exchange. Its design allows it to avoid issues like high fees and scalability problems, which is impressive by itself.
The coin has a large community with over 33,000 active users on a monthly basis. This is more activity than what most blockchains see in the same time period. Its exchange also offers numerous stablecoins which are pegged to different fiat currencies and other assets. This includes EUR, USD, CNY, and even things like silver and gold.
While the project is old, it is definitely worth looking into, as it solved issues that even the most advanced altcoins are still struggling with. Many have expected it to grow in 2018, but the bearish market somewhat spoiled those plans. Instead, it is expected that the coin will reach the heights it deserves in 2019. Because of that, investing in it while it is so cheap is the best move to make right now.
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
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