Beyond the big names like Bitcoin, Ethereum, and Ripple, the cryptocurrency market is made up of thousands of other virtual tokens. Any wise investor must therefore comb through the many corners to unearth the rare pearls. To save you some time, we have therefore prepared a review of three altcoins with enormous potential which, however, remain unknown to most holders of virtual currencies.
Even if the craze around Initial Coin Offerings (ICO) seems to be running out of steam after having raised more than 4 billion dollars in 2017, this new method of crowfunding (crowdfunding) has nevertheless given birth to promising altcoins . Among the lucky ones is Qtum (QTUM), a cryptographic currency whose operation is based on smart contract technology. The Qtum blockchain allows companies to design their own decentralized applications and perform transactions faster than other virtual currencies such as Bitcoin. In addition, this digital token could well appeal to companies that care about the environment, because its network requires very few resources to be used.
Binance Coin (BNB) is the preferred virtual currency of the trading platform that bears the same name: Binance. The cryptocurrency exchange allows BNB holders to save around 50% on their transactions in the first year. Still, Binance Coin contradicts the claim that the value of any cryptocurrency rests on nothing. Each token is intimately linked to the success of the exchange, which ranks first in terms of monthly volumes. In addition, Binance launched a new platform on January 16, 2019 where it is possible to obtain Bitcoin and Ethereum with euros and pounds sterling. Note that the company has chosen to base this portion of its activities on the Channel Island of Jersey.
Ox (ZRX) is a virtual currency to watch for people who are looking for avenues to invest. This digital currency is based on a decentralized peer-to-peer exchange system developed on the Ethereum blockchain. ZRX makes it possible to tokenize certain assets such as securities. The Paradex trading platform has chosen to use Ox’s technology because of the speed of its transactions. Finally, its enormous potential has even earned it a listing by the Californian giant Coinbase.
In short, the different cryptocurrencies all meet distinct needs. As the industry has not yet reached maturity, it is still possible to find bargains in the market. To do this, you have to know how to be patient, and above all, not be afraid to think outside the box.