In the world of business, making a smart decision is not always easy to do, since things are rarely black and white. If we add cryptocurrencies to the equation, the problem of making smart choices becomes infinitely more complex. The reason for this is an unstable crypto market, where prices are going up and down without a warning.
Still, there are some indications of how to make a good decision and a smart investment, and according to these signs, there are four cryptos more worthy of investors attention than the others. Those are EOS, NEO, Tron (TRX), and Ripple (XRP).
Will cryptos disappear?
Ever since Bitcoin (BTC) started the crypto craze, and the appearance of Ethereum (ETH) supported it, cryptos started appearing almost on a daily basis. These altcoins tried to improve on the previous coins, to explore new areas of business, and to try and create a place for themselves in the vast world of digital currency.
Since then, their total number exceeded 1500 altcoins, as per CoinMarketCap. With so many cryptos around, it is really hard, if not impossible to find the one with the most potential. However, after following the market for quite some time, experts believe that a lot of these coins will die out very soon. Of course, this doesn’t mean that all cryptos will disappear forever.
Some of them will manage to survive, and among them are the four coins of the third generation – TRON, Ripple, NEO, and EOS.
Why these coins?
These are the coins which are either backed by strong, influential names, or they have managed to achieve so much that their own strength will be enough to keep them afloat. The interest in them continues to rise every single day, with more and more people investigating them, googling them, exploring their possibilities, and eventually – becoming their investors.
Researchers and crypto enthusiasts have even decided to follow the overall interest in these cryptos, and have discovered that in June 2018 alone, these four coins inspired more curiosity than even Ethereum itself.
In fact, the amount of research that was noted by Google on the worldwide scale clearly states that NEO is a clear leader by interest, followed by EOS, then TRX, and XRP in the end. Then, and only then, comes the interest in Ethereum, the second largest cryptocurrency in the world.
The situation is just slightly different within the US, where EOS has taken the lead, with Ripple and NEO sharing the second place, and TRON being right behind them.
With so many cryptocurrencies around, it was obvious from the beginning that not all of them will make it. However, until now, there was no way to clearly determine which coins have the real potential to outlast the others. With the bearish market that has been tormenting digital currencies for the entire six months now, many believe that the filtering of cryptos has officially begun.
Cryptos like Bitcoin and Ethereum will probably remain right where they are, but those are the coins that have already won their battles. They are the representatives of the first and second generation of cryptocurrencies. The other 1500+ cryptos that are still fighting to list out the representative(s) of the Third Wave, and EOS, NEO, TRX, and XRP are clearly taking the lead. This is what makes these coins worthy of focusing on, and their quality will do the rest by itself.
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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges…
Crypto Billionaire Predicts Massive Price Growth by 2021
Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…
TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level
Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
- Little to no transparency
- Consumer lack of confidence
- Privacy concerns
- 48-72 hour wait time for withdrawals
These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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