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3 New Cryptocurrencies To Keep An Eye On

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As 2018 nears its end, the effects of last year’s crypto boom are still being felt. Even though the current year has been bearish for most of its length, new altcoins continued to appear on the market almost every other day.

In addition, issues with scalability that many large cryptocurrencies are suffering from are slowly being solved by different methods. While this is all considered to be a positive development, the situation is slightly less encouraging when it comes to real-world adoption of cryptocurrencies.

Even so, some steps were made, and numerous efforts in different parts of the world are being made to one day make this concept a reality. In the meanwhile, crypto trading continues to grow, and investors are always looking for new aspiring coins to invest into.

This is why today, we will take a look at 3 new cryptocurrencies that are already showing real potential. Since any of them might grow to become the next big thing, it doesn’t hurt to keep an eye on them and follow their development closely.

1. SureRemit (RMT)

To understand what this coin is all about, we should first explain the concept of remittance. This is something that is very important for developing countries, as their citizens often struggle to survive due to a bad economy or other similar reasons. As such, it is not unusual for some of their citizens to leave their native country and travel to more developed places in order to work and send funds home via wire, online transfer, or some other method.

These funds that are sent back are what we call remittance. However, the process always has a middleman that is involved in some way, which makes the process both costly and slow. These costs can often go up to 10% or more of the total value that is being sent, and the length of the process can take anywhere from one to three days.

This is where SureRemit comes in, and it allows a solution to such problems by completely bypassing fees and the middleman. While the fees are still present, they will include 2% of the amount, instead of 10% or more. Not only will the receiver get more money out of this deal, but the process itself is also much faster.

The project itself is not aiming to become a transfer service based on blockchain technology. Instead, it relies on the fact that most of the money that is being sent will be used for consumptive purposes, such as buying food, paying bills, and alike. All that it takes is for merchants to accept vouchers that can be used for paying for goods and services.

An obvious question now is — why would merchants do this? The answer is simple — by doing so, they will boost their sales without having to spend money on marketing. Apart from that, merchants themselves will not lose anything, as they will still be paid in fiat currencies. The incentive has grown to be pretty effective up to this point, especially in struggling countries of Africa, the Middle East, Asia, or Latin America.

2. Scorum (SCR)

Scorum is a media platform based on blockchain technology. It allows users to receive rewards for creating quality content, and the rewards come in the platform’s native SCR coin. However, Scorum is a platform that focuses on a single niche, which is sports.

The platform has four components: Sports blogging, Fantasy sports, Commission-free betting, and a Statistics center.

Right now, the blogging platform is likely the project’s most exciting aspect, with more than 30,000 users, and 200,000 visits per month. This has made Scorum’s blockchain the 13th most active one in the entire ecosystem. This is already an exceptional feat, but it is even more impressive if we consider the fact that the coin has a market cap of only $7 million.

This is proof enough that the project does not need a lot of money in order to attract people, as long as it is done right. The platform also provides many with an opportunity to be creative and express themselves while at the same time, they would instantly attract a lot of traffic. In addition, as they do so, they can also get a reward in form of tokens, as mentioned earlier.

The project is pretty innovative, and it became an instant success due to the amount of interest in sports from all corners of the world. The betting platform is commission-free, and it offers a lot of unique advantages over other platforms. One of them is the fact that it can be truly international since cryptocurrencies know no borders. Another one is the fact that independent developers can use it to create their own solutions on top of Scorum.

As for fantasy sports part of the project, it has yet to gain any notable adoption. However, since transaction fees on Scorum are non-existent, many expect that this aspect of the website will grow as well in time.

Finally, there is a stats center, and this aspect is also in its early stages. Te plan is to help it grow beyond simply displaying typical sports stats, and to use different analytics tools to create interesting interactive visuals.

3. Ravencoin (RVN)

Ravencoin (RVN) is the largest coin on this list when it comes to market cap. However, it is still not as large a crypto as it can get. One interesting thing about this coin is that it managed to avoid usual pitfalls that most other projects rush into. It never held an ICO, and it was not pre-mined, which are only two examples of the things that this coin did differently.

On top of that, It has no CEO, which means that all of the “power” is shared among the developers themselves.

The Ravencoin project is designed to allow users to issue and transfer different assets on a secure, decentralized blockchain. Apart from that, it also provides a safe and secure messaging channel that can be used for communication. Decentralization is maintained by allowing users to vote on important decisions and issues, and users receive dividends as payment. In addition, it is resistant to ASIC, and it is much more energetic than Bitcoin.

The future of cryptocurrencies definitely seems brighter than ever, despite the fact that the adoption progresses slowly. Things like regulations and understanding this technology in the first place are of great importance. While a lot of countries understand this, there are still many of them that believe that cryptos are just a current trend, a bubble that can pop at any time.

This is why their progress is slow, but this also gives them time to develop, evolve, and reach the mainstream as a firmly-established technology, once their time finally comes.

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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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Altcoins

Healthereum All Set to Tackle Problems of the Medical Sector

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Healthereum
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There has been a growing realization across medical circles that patient engagement is crucial in health management and for the general well-being of people. With that said, there isn’t much clarity about what patient engagement might entail. Several healthcare providers have tried to apply their own ideas of enhancing patient engagement, often overworking their limited staff and exhausting their financial resources in the process. They either end up giving up on the idea altogether or only carry it forward haphazardly.

The contemporary healthcare landscape is marked by no-shows, the lack of patient engagement or unsustainable attempts at it, poor survey response rates, and fraudulent insurance claims and billing errors. In such a setting, Healthereum brings a blockchain-based solution to tackle healthcare’s biggest challenges. Healthereum is a platform that will bind provider-patient and hospital-patient interaction into smart contracts, improve accountability, promote healthy behavior, offer two-way communication, and verify services—all in one.

Gamification of Appointments

Healthereum makes ingenious use of Ethereum blockchain technology that enables healthcare providers to give out HEALTH tokens through HELIO Syndicate to patients who show up to their appointments and/or complete the gamified tasks on the platform. These tokens can then be used for health benefits from their healthcare providers, hence enabling the full cycle of healthcare blockchain experience.

This experience helps to incentivize responsible behavior from the patient’s end which can save the healthcare industry billions…

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Altcoins

Why Binance Coin (BNB) Will Skyrocket

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The crypto space of 2019 is seeing a significant improvement in performance, coin prices, and investors’ behavior and feelings regarding the crypto market. Numerous coins have surged to heights not seen since mid-2018, nullifying the mid-November market crash in the process. However, with that being said, there are still periods of price corrections, one of which is affecting the prices right now, at the time of writing.

Even so, the performance of some coins is more interesting than that of others, particularly Binance Coin (BNB). The coin is seeing difficulties, but when we look at the bigger picture, Binance Coin is one of the cryptocurrencies with the most potential for further growth, and maybe even market domination.

Binance Coin’s current troubles

Binance Coin has been one of the best performers in the entire crypto industry of 2019. Considering the fact that there are over 2,200 cryptos out there — this is quite an achievement. It was made possible due to the fact that BNB decoupled from Bitcoin (BTC), meaning that it stopped following Bitcoin’s lead. This made it the only cryptocurrency right now to have done this successfully.

However, BNB is currently not performing so well, and for an obvious reason, too. The reason, of course, is the recent hack of Binance, the world’s largest crypto exchange, and the company behind BNB. The recent hack had seen…

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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