As an investor in any cryptocurrency there are a few questions that you should ask yourself before you invest:
- Does the coin or token have any real world application.
It's all very well investing in something you believe in but you must always ensure the cryptocurrency has a use, a lot of money is lost due to the coin having no use and crashing and burning to nothing as soon as this becomes apparent to the majority of investors. - Does the cryptocurrency need a block chain to function?
(block chain in the loose including DAG) One of the major talking points of block chain tech is that it is decentralized in its purpose but if the business does not require the use of the block chain to operate why invest as your investing in nothing.
3.So we have concluded that the cryptocurrency requires the block chain and it has a real life use but finally does it have potential and if so what makes it stand out from the crowd?
If the coin's main aim is to build a stable block chain then I wouldn't bother investing because that's already been achieved by so many coins the value will only likely decrease.
All that said and done here are four coins that I think you should consider investing in for the coming year:
1.Nano(XRB)
Formerly known as Raiblocks this is one of the fastest growing coins around. One of major points of talking here is that the whitepaper for XRB was published way back in 2014 by Colin LeMahieu which on paper doesn't sound much but in comparison to other projects to work on a project for four years before it is released shows amazing commitment by him and his team showing their passion for the project. However this was not the reason it made it on my top four list. The technical aspects of the coin are by far the most impressive I have seen to date off of any coin. Running a network that has no transaction fees and extremely fast is impressive, owing to the block lattice structure of their chain. furthermore the final reason why this is a solid investment is scalability. This isn't mentioned as much as speed or transaction cost or speed but it is very important because as with bitcoin right now roughly 7 transactions per second. For a coin that has a total potential supply of 21,000,000 coins valued at just under $9000 per coin that isn't very impressive. Nano on the other hand can process over a 1000 per second.
I would not be surprised in the slightest if Nano overtook Bitcoin in the next few years.
2.Telcoin(TEL)
Telcoin is a relatively dark horse in the world of cryptocurrency. In my opinion massively undervalued for several reasons TEL's main aim is "Financial inclusion for a mobile world" as stated in their whitepaper there are 5 billion mobile phones in the world but only 1.2 billion bank accounts. They aim to replace Western Union and other money moving services as a very low cost alternative to sending money around the world via SMS. This project has a real world use that is very needed in a world where they are nearly £ billion people living in poverty. If this company is successful then I have no doubt the value will rise to 10, 15 or maybe even 20 cents in the coming year.
- Rentberry (BERRY)
Rentberry has recently finished its ICO and will be listed in the coming weeks. Rentberry is really exploring into the unknown in terms of the services it offers. A decentralized network for landlords and renters is not what most think of when they think blockchain but I think its exactly the sort of application that could help bring cryptocurrency into the real world. Estate agents have been around forever and a day and even the online services aren't exactly the cheapest, so Rentberry has really struck gold because in a world where more people than ever are turning to renting due to increased housing costs and living prices especially in cities I think the platform will take off. In terms of a prediction in a few months to a year I could easily see it in the top 25 coins. - EXRNchain (EXRN)
This is another Dark horse of the crypto world. The idea is needed in the evolving world of crytocurrencies. They are developing cross blockchain software that could revolutionize the markets. being able to transfer between two blockchains is the next logical step because we cant just keep creating blockchains forever. If the project works out a global network of blockchains would exist bringing cryptocurrency to new heights. One reason I like the project is because they too have a commitment to the project and have given no timeline. Personally I would rather have developers say the project will be finished when it is finished rather than as many have said a set date to finish that is unlikely to be achieved. If this token gains traction it would likely make it into the top 100 coins especially due to the low price. Furthermore the majority of tokens were airdropped for free proving that the team has a vested interest in the project and not juts to make money.
Well I hope you've enjoyed this article and feel free to follow, upvote and share to your hearts content.
An obvious point to make would be that this is my personal opinion not investment advice however before you invest conduct your own extensive research and only invest what you can afford to lose.