Are you on the lookout for the most promising new cryptocurrencies to invest in? With the unusual boom in the digital currency market, it appears that there is a new ICO every day. This is making it even more difficult for people to find out which currency they should invest in and which to avoid.
New ICOs, promising cryptocurrencies, and a volatile market make it difficult for investors to find out the right currency that will be able to provide them with the returns they expect.
We depend on ICO News for information on upcoming ICOs and live token sales; this website makes it easy for users to compare ICOs and find the right one for them.
As for new cryptocurrencies that have been doing well in the markets, we have created a list to help you make the right investments.
IOTA
IOTA is a distributed open ledger of an entirely new kind. It aims at functioning as the backbone of Internet of Things. It is different from the Blockchain used by Bitcoin and Ethereum in that it does not rely on miners to validate transactions. Instead, users are required to validate the last two transactions so that they can proceed with conducting a transaction of their own.
Since there are no miners, the entire transaction is conducted without a transaction fee. This makes it more lucrative when compared to other Altcoins in circulation. The technology used by IOTA is known as Direct Acyclic Graph (DAG), commonly termed as Tangle.
This cryptocurrency has the ability to scale infinitely unlike many other digital coins that you may come across including Bitcoin. Looking at the technology used, IOTA has the ability to grow and succeed. It was being traded at under $1 less than a fortnight ago, but it experienced a new high of $5.55 and is currently valued at $4.55.
If you find the technology behind IOTA a progressive one which has extensive potential, then this is the digital currency that you should consider investing in for higher returns.
ZCash
ZCash launched in October 2016. The technology allows users to conceal the details of the transaction such as sender and recipient details and the amount of money exchanged. This use of advanced cryptographic technique has made ZCash a valuable Altcoin in the crypto markets.
Since many users find Bitcoin and other currencies that use the Blockchain technology to be too open, which can sometimes make it difficult to conceal identity, ZCash solves this problem. Using zero-knowledge proofing to ensure that all transactions are validated and that users do not spend the same coin twice, ZCash has gained a lot of attention from cryptocurrency users.
It began extremely well but experienced a sudden reduction in value for the early quarter of 2017. The coin is finally beginning to rise in value once again and is valued at $335.12 at the time of writing this article.
Given its ability to take anonymity to a new level, ZCash is becoming a favorite from many cryptocurrency users. Investors should keep an eye out for this digital currency which may help them earn good returns.
Siacoin
Sia provides users with an actively decentralized storage platform: users from all over the world contribute disk storage from their computers. This results in the availability of a decentralized network to store files. Anyone who has Siacoins has the ability to rent storage space from this decentralized network and the host on whose computer the files are stored is paid for it.
This is achieved with the implementation of several smart contracts, erasure coding, and encryptions which make sure that the host does not have any access to the file being stored. The smart contracts ensure that the host is paid for their storage space only if they store the files for the entire period of the contract.
This takes cloud storage to a new level. With a network of computers connected to provide storage for files, Siacoin is innovative and shows a lot of potential for investors. It started as low as $0.0001 in October 2015 and is finally beginning to be recognized for its potential and the price as of now is $0.0085. Remember how Bitcoin started at a similar value?
Stratis
Another coin that seems to have a considerable amount of potential is Stratis. The popularity of a coin and the rise in its value is mainly dependent on the technology that it offers or the solutions it provides to its users.
Stratis has creatively come up with Blockchain as a Service (BaaS) platform. The idea is to help organizations that belong to the financial sector leverage the advantages of the Blockchain technology by allowing corporations to create customized Blockchain applications.
The costs of building and maintaining their own Blockchain can be relatively expensive. The Stratum platform gives users the chance to launch their own Blockchain at lower costs. Stratis is the currency with which users will be able to create and maintain the Blockchains. Having started from an extremely low price which was almost negligible in August 2016, the cryptocurrency today stands at $9.52.
And you thought that Bitcoin was the only coin that can provide you with the right returns!
Golem
In a world where the growth of computing power is almost necessary, Golem aims at creating a system that will allow users to share computing power which in turn results in a global supercomputer.
By distributing computing power and incentivizing it with a financial reward, Golem can create a global pool of computing power which would be far more powerful and cost effective.
Golem’s infrastructure utilizes Ethereum’s smart contracts. With Golem targeting cloud computing, the potential for this coin to rise is high. Having started at a negligible amount in November 2016, Golem has grown and stands at $0.328 as of now.
Lisk
Lisk is another decentralized coin which has its own Blockchain and aims at providing developers with a platform to build different types of apps on the Lisk network where they can develop custom side chains.
The idea behind Lisk is similar to Ethereum smart contracts, but the difference is that Lisk allows users to build apps as well. Lisk is also the currency which will be used by developers who want to leverage the technology behind the Lisk network.
It aims at becoming the world’s first modular cryptocurrency where different apps will run on top of the Lisk Core while the dApps will run on their respective side chains. These side chains help in keeping the entire network fast instead of slowing it down.
Starting at $2.04 in April 2016, Lisk has risen to a value of $8.61.
Qtum
Qtum is a potent combination of two of the best coins of the time – Bitcoin and Ethereum. It has the security of Blockchain and the usability of Ethereum which makes Qtum a very effective cryptocurrency backed with a considerably good technology.
Having started at $6 in July 2017, Qtum has already doubled in price and is currently valued at $12.08. It had experienced an all-time high of $19.37 in August. Given the idea behind it, Qtum looks promising at this time.
OmiseGo
The technology used by OmiseGo solves a real-life problem: while there are a variety of different payment methods and e-wallets available, interoperability between them makes it difficult for everything to function in harmony.
OmiseGo solves this problem by providing people with the ability to use various e-wallets and payment methods without being limited to the method of payments accepted by others. In providing an efficient technology that aims at ‘unbanking the banked’ OmiseGo is one of those digital currencies that seems to be here to stay. It looks extremely promising and has grown considerably since its launch.
Having started at $0.53 in July 2015, OmiseGo is valued at $7.76 at the time of writing this article. But it has enjoyed a better value back in September when it reached over $13.
NEO
NEO, often termed as the Chinese Ethereum, is frequently discussed in the cryptocurrency market. It functions a lot like Ethereum, helping users create smart contracts, the difference is that it does not just rely on code like Ethereum’s Solidity.
Instead, NEO allows additional code bases which reduce the learning curve and ensure better functionality to the technology.
Having started at $0.55, NEO is currently valued at $36.49 and has enjoyed a higher value of $47.58 back in August.
Planning to invest? Hope this helps!
If you are planning to invest in promising new cryptocurrencies then you must definitely take a look at these coins and the concepts behind them. If you haven’t started investing in cryptocurrencies yet then begin by registering yourself at an exchange. You will find insightful reviews and valuable cryptocurrency information on Crypto Coin Judge. Find the right exchange for your investment needs and proceed with buying the Altcoin of your choice.
By Jonathan Miller
