Everyone talks about and desires to deal with toppers in any industry or any other sphere of life. This stands true for Cryptocurrencies as well. Like, everyone is aware that Bitcoin has crossed the mark of $16000 in Nov’17. Ethereum is chasing it in terms of market cap and stands behind it strongly at No#2. The fact of the matter is, in the world of Cryptocurrencies everything and everyone has its/his worth and appeal. In the virtual world, even low-ranked altcoins are desired and have their own importance.
The skyrocketing values of toppers make them difficult to invest in, by mass. Not everyone can buy the top altcoins. They are, though, attracted to the digital currency and search for new ventures or amateur coins, which fit into their budget. This is one of the appealing factors of backbenchers.
ICOs are another reason why people get tempted to them. ICOs » give an opportunity to the coin holder to become shareholders in the company. Also, this is for sure that if the project is worth investing the values will definitely shoot-up. A very famous example of profitability in ICOs is the Ethereum ICO. When launched in 2014 the value was $0.40 per Ether, which went up to $14 per Ether in just two years.
Picking the best from the bottom!
Out of 900 existing altcoins, how can you decide which is best that also while counting from the back? There are chances that a lot of them are faux, and lot many might have a poor architecture. Therefore, you need to research a little bit on their technology, their whitepaper, and the complete project. You can also come to know about them by investing small amounts and make daily trades on them. Get yourself connected with ICOs and smart contracts, as in such cases the shareholders automatically receive the earnings.
Few of the very promising altcoins to invest in 2017 are- IOTA, Golem, ZCash, and Ripple. Let’s explore them one by one.
IOTA: This altcoin works on a technology which is different from the traditional blockchain. The technology is termed as-Tangle and provides solutions to all the limitations of a blockchain including transaction fees. IOTA sends money without any fees and hence even smallest of the amounts can be transferred.
It focuses on transactions between the machines of “Internet of Things” (IOT), and is believed to transform transitional settlement and data integrity layer of the IOT. Therefore this can turn out to be the driving force behind IOT, in near future. Though it is in beta phase right now, you can invest in it with a futuristic viewpoint.
ZCash: The Zero-Knowledge Cryptography concept technology used in ZCash makes it distinct. The exceptional algorithm is so unique that it removes even known aliases in transactions, making them utterly anonymous. With a market cap of $902726849 USD, it promises a bright future for investors.
It is believed to be the pioneers in the permissionless financial system. ZCash payments are available on the public blockchain, but the user can mask the sender, amount and the recipient by using an optional privacy attribute. Just like Bitcoin, the king of Cryptocurrency world, ZCash also has fixed supply- 21million units. Definitely a coin you can invest in to reap the benefits in near future.
Golem: Based on Ethereum blockchain it is the most powerful supercomputer in the world which is decentralized. As it is in the Alpha stage, developers can download and contribute to its development. Very soon the services of this supercomputer will be available to the common man for any scientific calculation, or any complex application and will transform their lives. It will be easy to use this in scientific research and the horizon is endless. Choose the Golem Network Token or GNT to invest in it.
Ripple: It is the Cryptocurrency version of RTGS in banking systems and is structured on distributed open source, internet protocol, consensus ledger, and cryptography. The users will benefit when more and more banks will tie-up with each other in near future. This is because the concept behind the coin is providing an infrastructure for interbank transactions, allow banking and non-banking financial services to configure this protocol and facilitate their customer to take the benefit. As on 5th Dec’17, the value is $4.96 USD.
With so many available altcoins, you must explore and perform your research as to which of the project seems functional, futuristic and technologically feasible. Based on this study you should finalize your investment option and can either engage in daily trade or support an ICO. It is always advisable to invest in less eminent Cryptocurrencies, which have or are undergoing promising, revolutionary, and indelible projects. Make your choice today and reap the benefits in coming days.