Crypto-markets have become very fragile for small and medium investors. The crashes have caused losses to everyone who had secured their coins before January. I feel there is a need to come back to the basics and see that best investment decisions are made to prevent long-term losses and establish sound investments.
The Intrinsic type of coins
Many currencies that have hit the market are either utility coins or security coins. Utility coins are coins which would offer a service or any other product to the coin holders, whereas security coins values are linked to external trade.
Currencies that have utility are the ones that are likely to have a long term use. This is because they have their own physical business and practical applications. They have products that a consumer can buy or a service that the users can use, usually only accessible by using their utility tokens. My focus is to accumulate utility coins and the very purpose of this write-up is to cover my big 3 coins for 2018.
• These are undervalued.
• They have a clear use-case.
• They have a low to medium supply.
• They represent different industries within the Cryptocurrencies.
• They have credible and strong teams.
LITECOIN
Ever since 2017, when Litecoin added segwit activation, it gained a lot of ground. LTC now has a fast network, much faster than Bitcoin. This enables LTC to accommodate transactions at a higher rate. With LTC, people can buy products from Bitcoin shop – this shop has many products relating to software and hardware such as computers, cameras and so on. You can also buy games on Steam. Furthermore, you can buy gifts using your LTC on Amazon shops.
Paragon Coin
Lately, this coin has been in the news for the right reasons, as Paragon announced the launch date of their first co-working space, or Paragon Space, which is due to launch on 1st July. They also announced a lucrative partnership with Fundanna-a cannabis crowd funding organization for start-ups.
Paragon supports the cannabis industry. The supply chain tracking App demo speaks for itself on how this coin will revolutionize cannabis transparency and supply chain tracking. Follow the below link to see the leap they've taken here (https://supply-dev.paragoncoin.com) .
PRG's idea of supporting cannabis start-ups and having a co-working space that’s dedicated to the cannabis industry is starting to spread like wildfire. Paragon space facilities include a café, offices, flex desks and everything can exclusively be paid for in PRG coins. What makes this coin stand out is that within 6-7 months of its ICO, it's able to develop an actual use for the coin, unlike hundreds of other coins, which are still unable to materialize properly.
Canya Coin (CAN)
They were founded in 2015, it offers a decentralized multi-currency solutions because of its decentralized platforms. Other cool feature of CAN coin is its freelance portal launch. You can advertise your business or services on a global or local level by paying prescribed monthly-charges. The platform launch is slated for an April launch. However, a coin that is used for decentralized P2P payments and has a dedicated platform is something not tapped by 1400 other odd coins.
CAN's ICO price was around 70 cents. Right now it’s at a 75% lesser price with strong prospects.
Think utilization and you're safe
These 3 are my picks from the post January market meltdown. I urge you to do your own research, see the application, communities and recent updates of these coins.