New and promising cryptocurrencies to Invest in 2018
24 Oct 2018
In the first months of the current year, the market showed some slippage as a result of the considerable fall of Bitcoin and Ethereum, two cryptocurrencies of greater power.
All this affected many investors, but those who really work with the technology felt a great relief. Fallen prices are nothing more than an opportunity to buy such cryptocurrencies at a more accessible price.
However, trying to know the prices that they will reach would be impossible or incorrect. The only thing that is at your disposal is to study and identify the milestones that determine the rise or depreciation of the price of a cryptocurrency. For now and due to the uncertainty, we have researched and discovered hundreds of innovative Blockchain projects that are seen as a good investment option by the end of this year and today we want you to know the 10 most outstanding projects.
It was presented as "the future of the monetization and storage of web pages”. Oyster is a blockchain that is cooking something really good. Its premise is based on the fact that online advertising is broken or does not work. The solution it offers is a code chain.
The Oyster protocol allows web pages to generate their own revenues by allowing their users to contribute to the CPU power and to a part of the GPU. Its code chain facilitates the proof of work in the network to compose a completely decentralized ledger. In turn, it eliminates the need for ads by keeping the website open and monetarily accessible for those publishers who wish to pay in PRL.
Why Should You Look at PRL?
PRL brings many reasons to invest in it. First of all, its technology is solid and ready to show us everything it can do. In addition, it has been subjected to the most common privacy problems in the exchange of data and storage to find solutions and prevent problems from occurring during the experience. In the event that an irregular situation occurs, the Oyster team will act in a transparent manner to solve the problem.
Second, it offers free advertising navigation for its visitors and passive income for the owners of the website. Similarly, the most outstanding aspect would be its accessibility for a large audience, so Oyster and PRL could be adopted quickly and massively.
Power Ledger (POWR)
Power Ledger is a platform that allows the exchange of cryptocurrencies and energy based on an Australian blockchain that allows to market renewable energy in a decentralized way. In other words, companies and households that want to use Power Ledger will be able to sell the excess solar energy in the local network and buy more energy from traditional electricity companies that trade with lower prices.
This platform uses a dual system of tokens (Sparkz, POWR) to maintain stability. Thus, if a fluctuation in the value of POWR were to occur, the total cost of electricity would not be affected.
Why Should You Look at POWR?
A project such as Power Ledger is not based solely on technology, but also on associations. That is the reason why large events are not planned for this year.
During this time Power Ledger has signed contracts with important renewable energy companies in Tasmania and Australia, such as: Project Brainstorm and Nest Energy. At the same time, it is about to start its trials as a service microgrid in India and a partnership with the Liechtenstein Strategic Development Institute that will open the doors to the European market.
What makes Power Ledger more attractive are the agreements it has recently made, the first with Greenwood Solutions where it announced the commercial start of the project, and the second with Helpanswers, where the launch of numerous projects based on the offer of renewable energy was announced in North America, including Alberta, Chicago, Texas, California, and New York.
A simple test conducted in a residential area could be the perfect example of saving money and energy offered by Power Ledger, thus achieving that residents and other companies analyze the service and do not hesitate to start using it.
Cardano was built on the basis of peer-reviewed academic research as the first blockchain project and public, decentralized and open source cryptocurrencies.
Its main objective is to create a home where decentralized applications and intelligent contracts can be processed through a formal verification, thanks to a mathematical test that will verify the code. This process will consolidate Cardano as a reliable and secure platform for high-value applications.
Why Should You Look at ADA?
Cardano's token, known as the ADA, has given what to talk about in recent months. At the end of November 2017, Cardano launched an updated roadmap that ranked it ninth in the stock market capitalization ranking. In the same way, this year he has maintained his position, getting more users to look at his project and invest in it.
In addition, Cardano plans to update his current version of Byron to Shelley. For this, Byron directed all his efforts in building a secure platform for those users who would like to trade with ADA, improving their exchange performance as Binance and Bittrex.
For its part, Shelley will make its move directly in Q3. This latest version offers improvements that will help its technology and turn it into an autonomous and decentralized system in its entirety. The Stakepool and Testnets will be the first features to be available for ADA users, which could generate positive fluctuations in it.
Ontology is an innovative project based on a public blockchain and high performance. It is a reliable and collaborative platform distributed among its users that was created in 2017 by the China Onchain company. Ontology seeks to eliminate the barriers between the business sector and Blockchain, allowing the development of projects of all shapes and sizes.
Why Should You Look at ONT?
In spite of being a quite new project and that is just founding its foundations, it is being backed by a massive financial corporation in China that has an important career and a great work team.
Ontology has attracted the attention of numerous investors due to the launch of the mainnet in 2018. This begins its development to the public and describes in detail the tools used for the creation of dapp by the team. The creation of the application begins formally once the mainnet is launched, which means that it will boost the popularity of the ONT token in a short period of time.
Since it is known, it has done nothing but climb positions in the ranking. The marketing team behind ONT has been in charge of keeping its subscribers interested, benefiting them in January 2018 with a gift of 1,000 ONT just for subscribing to the newsletter.
ARK is based on a system called SmartBridge that allows block chains of different projects to communicate with each other. Its main objective is to offer each cryptocurrency a common connection point so that users who are part of a certain cryptocurrency network can keep their currencies there, while at the same time executing smart contracts on a different platform.
In turn, ARK is building a Point. Click. Blockchain, which will allow anyone to create their own blockchain, even when they do not have the necessary knowledge of programming.
Why Should You Look at ARK?
In the first months of this year, doubts about the future of ARK seemed to increase just when the mainnet was one year after being launched. Its updates were scarce, the token did not seem to offer much in return, so ARK decided to act. The team was in charge of correcting and improving certain aspects that gave hope to the project.
This same year ARK decided to change its SmartBridge technology for the Blockchain button (Push-button Blockchain) and is working on the technical updates of the ARK Core v2. Always sticking to its belief that the blockchain adapts to anyone who wants to venture into that world and developing more tools so that anyone can create their own blockchain.
If this happens, it would represent a breakthrough in the way that the public views Blockchain technology and would greatly increase interest. Meanwhile, it will continue to be seen as a black box filled with inaccessible codes where only high level engineers can trade.
The ICON project is based on a decentralized application platform that aims to help institutions share data without much effort and privately. ICON allows independent blockchains as long as they are linked to a central chain and governed by their own rules.
ICON has been used mostly by insurance companies and hospitals. For example, if a patient has a procedure that must be covered by their insurance, the hospital must send the specific data of the person using the blockchain.
Why Should You Look at ICX?
During 2017, ICON focused on establishing the foundations of its project. Among its main achievements include its productive Q1 2018, the ICON Mainnet 1.0, its multiple cryptocurrency wallet called ICONex, and several firms with important markets.
In Q3 2018, the ICON team is expected to focus on four key aspects: banking, education, insurance and health. For each of these areas, personalized tools will be established that will contribute to ICON's expansion into new sectors. Its current objective is focused on the scope and promotion of its token and not only on its technological development.
Stratis is a blockchain platform that has been created with the aim of providing the necessary tools for C# developers to create their own custom blockchains. In addition, its main objective is to provide simple and accessible solutions for financial, technological and medical entities that need to create and test dapps for their business.
Why should you look at STRAT?
Throughout the year 2017, the Stratis developers kept busy advancing implacably towards its beta version and setting new goals for this 2018, which highlighted the alpha, beta and testnet versions of its Fullnet Mainnet Beta (which includes GUI), its platform ICO, the privacy protocol of Breeze Wallet, Sidechains and smart contracts.
Sidechains, for example, are considered a tempting offer for new entities to decide to use Stratis as their default decentralized platform. While more users decide to use Stratis, more STRAT tokens will be commercialized, which positions it as an excellent investment option for the year that passes.
Formerly known as Raiblocks, Nano is a cryptocurrency recognized for its extremely efficient architecture. Unlike other encryption projects that direct most of their efforts towards their scalability, rates and speed since their inception, Nano seeks to perform instant transactions at no additional cost. In addition, it is infinitely scalable, so regardless of the people who are using the network, it will not collapse.
Why should you look at NANO?
As cryptocurrencies grow in popularity, their developers begin to observe the problems of scalability and efficiency of the network, but this will not happen with NANO, since as we said earlier its scalability is infinite.
In addition, it has focused all its attention on reducing the energy consumption that surrounds the main encryption cryptocurrencies to become a lighter and friendlier alternative for its users. Its roadmap is loaded with updates aimed at commercial expansion, transactions from points of sale and the storage of coins.
Similarly, being free of additional fees per transaction becomes an attractive cryptocurrency for many investors who are not yet convinced to bet on this project. Its easy-to-remember name makes it perfect to draw the attention of the general public and contribute to its expansion.
Request Network (REQ)
Sending and receiving of digital payments is just one of the many problems that the current cryptocurrency seeks to solve. For its part, the Network of Requests (Request Network) has proposed it as a goal and does not intend to rest until it is achieved.
This platform allows any person to request and receive payments for services without the need of an intermediary. With Request Network you will not have to worry about paying additional fees, it is a decentralized network capable of operating worldwide.
Why Should You Look at REQ?
At the end of 2017, REQ launched a new minimum viability product that showed the public numerous characteristics of the final version that would be offered, including its low transaction fees, its automated billing, intelligent auditing, cross-currency transactions and the identity protection to its users. All of these positioned REQ as a competition for credit card companies and payment processors like PayPal, the difference being that REQ offers a much more attractive package based on decentralization, with no additional transfer fees, only a minimum rate that will be directed to the mining process.
The network used by REQ began working in March 2018. In its first version, it allows users to connect the wallet of their preference to the network, as well as send and receive requests in ETH, update transmissions and manage all requests related to a wallet address. In addition, the fiat administration will soon be launched, which is considered a great step for REQ to be adopted as its payment system.
Another important event where REQ is involved is in its association with PwC France and Francophone Africa. And as if that were not enough, the REQ team has started negotiations with the World Bank and the IMF, which could mean a great interest in adopting the network of Request Network and its token, REQ.
Although it was described as an "open source distributed payment infrastructure" at its launch, Stellar is much more than that. It is a blockchain solution that seeks the mobilization of money across borders, quickly, reliably and at an affordable price. Unlike Ripple, the XLM token exists to be linked to fiduciary currencies and allows the exchange to occur almost instantly, without the need for the buyer or seller to be directly involved with the cryptocurrency.
Why Should You Look at XLM?
Stellar has two important impulses that can take it to the top at any time: the Stellar Development Foundation and The Lightning Network.
The first announced its union with the secure communications platform, Keybase. The second one is in charge of configuring the payment processes that take place outside the chain, thus allowing all the parties to interact through an intelligent contract, without the need to trade through the blockchain. In turn, it allows sending and receiving payments, which helps Stellar process many more activities and transactions than before.
The Lightning Network is in charge of solving a key problem presented by most blockchain projects: scalability, making Stellar a great attraction. Finally, Lightning was added to the Stellar testnet on April 1 of this year and plans to be completed in December.
How to Invest in a Cryptocurrency and Not Fail in the Attempt?
The fact of investing in cryptocurrencies supposes a great risk that includes the loss of money, since it is managed based on highly volatile markets. A perfect example of this is evidenced by Bitcoin, the cryptocurrency for which many investors decided to re-bet at the end of April 2018 with the hope that it would increase their value and ended up surprised with even greater losses.
In addition, cryptocurrency trading is often related to difficult registration processes in cryptocurrency markets, while hacking risks that could affect your wallet, etc. If you want to know more about this topic, we invite you to read this article that will undoubtedly come in handy.
However, there is a solution that will allow you to trade with cryptocurrencies and make the most of their benefits: CFD's, or contract for difference. These give you the opportunity to open short or long positions, as well as to trade with leverage. Thus, you can invest larger amounts than the money you currently have.
To achieve this, Libertex offers you to trade CFD's now and at no charge. All you need is to open a free demo account, with which you can practice trading. You will also learn the best strategies to trade in the real market. Once you feel ready, you can start earning real money with a live account, and start building a successful career with Libertex.
We hope this article has been of use to you. We wish you a successful professional and trading growth!