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.
For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!
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
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…