There are over 2000 crypto projects listed on coinmarketcap but only 5 on coinbase. This can make identifying your next profitable altcoin akin to finding a needle in a haystack. Typically I try to focus on projects that have active development and are solving a clearly defined need. I am becoming quite excited about the prospects of a number of projects which have been showing some green candles of late. I believe these projects are well place to grow strongly in Q4.
The Electroneum team makes acquiring cryptocurrency as simple as downloading an app. By breaking down the barriers around acquiring cryptocurrency, Electroneum believes they can spread their coin far and wide. There are countless people that want to buy various coins but aren’t willing to send awkward selfies with their passport to a website they know nothing about. There are also the issues of linking bank accounts and paying shockingly high fees. Electroneum feels they have the solution to these issues.
Electroneum has been quite profitable in recent weeks showing a number of double digit percentage gains in single days. The ease of adoption and use really stands to the project.
0X aims to solve the liquidity and speed issues of decentralised exchanges. I always favour projects that have a clearly defined goal. 0X themselves do not charge transaction fees but there is nothing to stop exchanges built on their blockchain charging fees. 0x issues rewards, where applicable, in ZRX tokens. The success of Binance Coin is a good indicator for what we might see happen with ZRX.
The ZRX price has been growing steadily recently. This is a long overdue correction in price for a promising and well developed project. Consequently we can reasonably expect continued profitable growth through Q4.
ERC-20 defines six different functions for the benefit of other tokens within the Ethereum system. These are generally basic functionality issues, including how tokens are transferred and how users can access data about a token. ERC-20 also prescribes two different signals that each token takes on and which other tokens are attuned to.
Put together, this set of functions and signals ensures that Ethereum tokens of different types will typically work the same in any place within the Ethereum system. This means that almost all of the wallets which support the ether currency also support ERC-20 compliant tokens.
ERC-20 is technically still in draft form, meaning that it has gone unenforced by the broader Ethereum community. Still, it seems that the momentum is strong enough that all new tokens are highly likely to conform to the ERC-20 rules. Because the standard remains young, there will likely be some troubleshooting which must occur as Ethereum continues to develop
Ontology, the Chinese public platform for projects of all shapes and sizes, is a giant step toward removing barriers between the blockchain and business sector. It promises to allow businesses without previous knowledge of distributed networks to use blockchain technology. Da Hongfei, the NEO co-founder is also CEO of OnChain, the company behind Ontology. The collaboration between these two projects will be intriguing.
On April 11th Ontology officially announced plans to co-build their ecosystem with Tembusu Partners, Accomplice, Hashed, and Onchain. All the participants of this Co-Builder Plan will build, govern and serve the industry ecosystem together. The partnerships aim to explore application development, outreach, and incubation. Together they will build a new generation of public blockchain infrastructure. With a distributed trust ecosystem to support real business applications and scenarios.
Noah Coin is a cryptocurrency platform that seeks to use blockchain technology to support global social and economic development. So far, the Noah project has primarily been focusing on developing socio-economic relations between Japan and Philippines, as mentioned in the Noah Foundation whitepaper “Noah Coin aims to bridge the gap between Japanese and Filipino citizens, travelers and businesses.”
The Noah token (NOAH) is issued by the Noah Foundation to facilitate remittance, Business-to-Business (B2B) & Business-to-Customer (B2C) payments on the Noah platform. Noah ecosystem participants use the Noah token for purchases, rentals, discounts, rebates and amenities.
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