Scan the top 10, 20, or even 30 coins on Coinmarketcap and you’re talking figures to make Warren Buffet break a sweat, with coins having market caps upwards of a billion dollars. For rookie investors, these whoppers are safe havens – providing about as much security as is possible in this hair-raisingly volatile crypto market.
Yet, perhaps your inner crypto-hipster calls for something underground; something that hasn’t hit headlines yet that’s potentially as good as gold. Naturally, you might think about flipping the chart on its head in search of an undervalued diamond in the rough.
To get you started, we walk you through 5 small market coins with some seriously promising partnerships.
(Statistics quoted are accurate as of March 24, 2018)
1. Power Ledger (POWR)
A peer-to-peer renewable energy marketplace based on Ethereum, Power Ledger is positioned to become the backbone of the booming renewables industry. With support for transmission data, carbon trading, wholesale market settlement and more, POWR is an energy official’s dream and is becoming exactly that.
It should come as no surprise that they have a number of political partnerships, including with government-backed BCPG in Thailand, US-based NGO Helpanswers, not to mention financial backing by the Australian government.
Weighing in at $133 million by market cap, POWR is no pipsqueak by any means but there’s potentially room for a 5-10x improvement as they roll out renewable energy networks globally.
2. Horizon State (HST)
There’s a million and one use cases for blockchain’s trustless immutability, but few are more apparent than for voting. Horizon State’s decision-making and voting platform is set to be a game-changer, effectively creating a bulletproof ballot system that’s clean, cheaper, streamlined, and unhackable.
The Australian project has attracted the attention of none other than the UN, with HST helping realize their vision of a transparent, inclusive (democratic) global landscape. Having already been used for multiple nation-wide Australian polls and received backing from software giant SAP, Horizon State may be replacing that old-school ballot box in your local area soon enough.
Sitting at a market cap of just under $25 million, this little guy is a steal with plenty of potentially bullish movement on the cards.
3. SONM (SNM)
SONM’s “Universal Fog Supercomputer” might be a mouthful to digest, but once you understand the concept you’ll be reaching for a second slice. Simply put, SONM combines the power of all computers on its network, indeed offering a world supercomputer capable of complex computing, page hosting, and nearly any old process imaginable.
Looking at affiliations, the first promising sign was SONM’s entrance to the Open Fog Consortium, a collaborative effort to boost fog computing founded by some of the biggest names in the game: Intel, Dell, Cisco, Microsoft, Arm, and Princeton University. It seems corporate interest wasn’t just piqued by the concept of their ICO, with SONM having just announced entrance into Intel’s exclusive Cloud Insider program.
What is truly promising about the SONM project is its ever-expanding web of partnerships with complementary organizations that will benefit from SONM’s supercomputer capabilities: Dbrain(neural network training), Aion (blockchain network) and Storj Labs (decentralized cloud storage).
With a high level of interest from corporate giants and startup tech companies, and a current market cap of under $49 million, SONM could hit a home run once its supercomputer takes hold.
4. Ambrosus (AMB)
What market is more evergreen than food or drugs? Ambrosus is a blockchain-based ecosystem aiming to inject trust and traceability into the multi-trillion dollar food and pharmaceutical industries.
We’re talking high-tech sensors, data labs, and supply chain management; a whole ecosystem where consumers and corporations can use Ambrosus to establish trust in the origins and ingredients of their food/pharmaceuticals.
Having joined the fabled Ethereum Enterprise Alliance, the Swiss project is up to its neck in interest from corporations and NGOs, wanting “to choose the best partner for a long-term collaboration and to avoid squabbles and problems.”
Trek Therapeutics has engaged Ambrosus for clinical trials, Nestle is in preliminary talks about a pilot project, and Ambrosus is in talks with the United Nations to see their technology implemented globally. As the project’s CEO and CEO used to sit high up on the food chain in Nestle and the UN, it would be safe to say these prospective partnerships will go the distance.
Considering the hefty value of solving a trillion-dollar problem, their potential simply isn’t reflected in their $42 million market cap. Hold on tight, because when this one goes it will surely light up like a Christmas tree.
5. Simple Token (OST)
Creating a crypto-business on Ethereum might be a walk in the park for your average blockchain developer, but Simple Token makes launching your own token easy as Sunday morning. Using Simple Token, apps, communities or businesses can design and manage their own tokens without having to roll up their sleeves and see what’s under the hood.
Just about anybody can build a professional crypto-project on their platform, essentially making it like Ethereum, but… simpler. After lowering the barriers to entry, dozens of established businesses have teamed up with Simple Token to take their business into the decentralised economy. Already on board are Unsplash, the biggest online photography platform, and LytePay, a decentralized finance platform geared towards the fast-growing gig economy.
A little shy of $52 million, Simple Token’s market cap has ample room to grow as more and more businesses migrate to the decentralized economy.
While partnerships are certainly a positive sign when you’re on the hunt for an undervalued coin, it pays to take them with a grain of salt. At the end of the day, partnership announcements have time and time again added to the FOMO/moon/lambo vibe. They can overhype projects that underdeliver, or simply artificially spike the price of the coin as punters pour in and wait for a pump.
That said, if you’ve done your due diligence and are confident your little guy can deliver, there’s no reason not to take partnerships as a good sign. They certainly lend credibility and longevity because after all, the more parties a project has to answer to, the less likely it is to pull a Houdini.
United States Residents Will Lose Access to Many Altcoins Starting in September
Crypto enthusiasts living in the United States will have no trading options for a many cryptocurrencies when the major crypto exchange Binance becomes unavailable for them in September, according to a report by CryptoPotato on June 14.
The foregoing exchanges listed are Coinbase, Bittrex, Poloniex, Kraken, HuobiUS, and eToro.
The report also highlights that, in addition to the cryptocurrencies with no trading outlet in the U.S.—the all-white rows—there are also a number of tokens listed on only one exchange after Binance drops off, including ARK, BTT, IOTA, PIVX, and ZIL.
These “endangered” exchange tokens, as well as the (temporarily) extinct tokens, will likely witness a large drop in volume, according to the report.
However, veteran cryptocurrencies such as XRP, DASH, XLM, ETC, ZRX, and ZEN should survive Binance’s departure with little issue, since they are listed on four or more of the aforementioned exchanges.
Binance CEO Changpeng Zhao (CZ) remarked on the recent changes, implying that the restructuring will be useful in the long run:
“Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain.”source:.fxstreet
Top 4 Privacy Altcoins you Might not Know About
A lot of cryptocurrency users are always looking for more privacy or even anonymity when transacting online. The top cryptocurrencies do not provide this functionality, which is why privacy-oriented altcoins tend to do quite well. Below are a few interesting privacy altcoins which not even might be familiar with at this time. There is a lot more competition going on that one might think at first.
Albeit a lot of users initially assumed PirateChain would be another joke coin, the reality is seemingly very different. The project aims to position itself as a private and decentralized blockchain secured by Komodo dPoW. Every ARRR transaction is 100% private courtesy of its core protocol. That protocol cannot be compromised by other users active on the network, which makes PirateChain a very different project altogether.
Under the hood, it is worth noting PirateChain is based on ZCoin. The network should be safe from 51% attacks and double spends thanks to Komodo’s delayed proof-of-work. It is also one of the few privacy altcoins which do not provide users with an option to publicly send transactions. A very interesting alternative in the cryptocurrency world.
Not to be confused with Spectrocoin, SpectreCoin is a project which focuses on privacy and anonymity. Interestingly enough, this project does not require proof-of-work, as it is completely based on proof-of-stake. This allows for fast transaction confirmations, which always benefit the end user. Ultimately, the goal is to build a viable anonymous digital cash ecosystem, albeit there is plenty of work to be done.
To make it all tick, SpectreCoin offers ring signatures to keep transactions private, Tor support, and IP obfuscation. There are also stealth addresses and stealth staking support to take note of. It is a rather ambitious altcoin project, although it is evident the $15m market cap shows there is a genuine interest in what this project can bring to the table.
With a name like DeepOnion, it is evident that privacy and anonymity are the main focus. This cryptocurrency project is also an official partner of the Tails project, which gives it a leg up over some of its competitors. There are many different layers of protection for users to enjoy including Tor support, Meek integration, stealth addresses, and the upcoming implementation of DeepSend. A lot of different aspects to take note of.
Another intriguing feature is how DeepOnion provides DeepVault. This notary service can store file validation credentials and protect the data by storing an immutable snapshot of the submitted data. This is a great use case for this blockchain itself, as the demand for secure data storage solutions has never been greater. It is also one of the altcoins distributed through airdrops, rather than a token sale.
The Veil team is confident they can offer the community privacy without any compromise. A lofty slogan, yet making it come true is a different matter altogether. The developers are currently working on providing always-on privacy, while still supporting proof-of-stake technology. It is expected anonymous staking will become a big part of this project in the future.
Under the hood, the Veil project aims to be as user-focused as possible. It is also a privacy altcoin which has native technology which allows the network to self-fund project developer. That in itself is not uncommon among altcoins, but it is something that will always spark some heated debates. There is a lot on the roadmap to look forward to, thus it will be interesting to see if the developers can make their vision come true.
Altcoins primed for major market surge; Bitcoin pullback may last longer, claims analyst
Volatility is constantly linked with the crypto-ecosystem, a market no stranger to major hikes and devaluation within a short period of time. The crypto-market has been steadily rising in valuation over the last few months, particularly in the month of April and May. At press time, Bitcoin enjoyed a 55.5 percent dominance over the entire cryptocurrency market.
At press time, the market was recording price corrections for all major cryptocurrencies. However, Crypto Dog, a prominent crypto-analyst, has indicated a possible change in trend for altcoins.
According to the chart, the altcoin market cap excluding Bitcoin, was witnessing a consistent fall. However, the candles indicated the formation of a descending triangle as the prices were pushing against the diagonal resistance in line. The formation of the triangle indicated an impending break which would pump another surge for the altcoin market.
The break would not come as a surprise to the community as many analysts have recently suggested a massive breakout for certain altcoins.
Peter Brandt, a reputed trader, recently indicated that Litecoin charts had projected an inverted head and shoulder pattern formed by the graph, which indicated that the market was fairly bullish and that more investors were entering the Litecoin market. Another reason he cited for the speculated bull run was the upcoming Litecoin halving, scheduled for 5th August 2019.
XRP is another altcoin which, according to Peter Brandt, is on a rise.
Crypto Dog also drew out an analysis for Bitcoin and stated that Bitcoin had experienced a triple bottom over the 4-hour chart and was on a descent. The analysis suggested that the fall in valuation might extend the drop down to around $122 billion in market cap.
At press time, Bitcoin [BTC] was falling by 2.27 percent over the past 24 hours and the market cap was at $137 billion.