The cryptocurrency space has been in a bearish state for some time now. In this regard, different firms have closed down due to the market condition, while some are still optimistic that the market will soon balance and move to the much predicted market level.
As the community hopes for a rewarding market return, some coins are performing excellently. These digital currencies are among the few coins to watch in the cryptocurrency market.
Electroneum (ETN) Has A Promising Future
Electroneum has been witnessing massive rise for the past few days now. The digital currency, regarded as a KYC compliant digital asset introduced mobile mining to the cryptocurrency space.
However, long after introducing this mobile mining, customers noticed few problems that are worth being corrected. The platform announced an upgrade and recently the team said they are working on their cloud mining project expected to be launched any time from now.
As at the point of writing, Electroneum (ETN) trades around $0.006751 USD and has seen over 5% price increase in the last 24 hours.
Although Electroneum is on the 63 position according to CoinMarketCap, it has a market cap of $57,421,089 USD with a 24hrs trading volume of $201,438 USD. Electroneum is among the few digital currencies with a promising future.
Tezos (XTZ) Is Now On The 20th Position
Tezos (XTZ) is performing excellently. Tezos Foundation announced the blockchain’s mainnet in September. Since the announcement, Tezos has been doing fantastic in the space. The platform succeeded in launching an ICO that was reported to have raised around $232 million.
As at today, Tezos has since around 15% price increase, selling at $0.418446 on notable exchanges. It has a Market Cap of $253,316,318 USD, 24hrs market volume of $2,063,306 USD with a circulating supply of 607,489,041 XTZ.
Waves (WAVES) Is Not Wavering
Waves (WAVES) is one of the unsung cryptocurrency. The blockchain platform makes it easy to create a multiple-currency wallet and offers opportunity to invest in different digital assets.
Around 2017, Waves (WAVES) partnered with Deloitte to kick-start the development of a legal framework that will heighten the adoption of blockchain technologies.
Waves sells at $1.87 USD, and has increased by 20% in the last 24 hours. The digital asset has a market cap of $186,503,121 USD and a 24hrs trading volume of $10,335,394 USD.
After one year, Electroneum is still a scam. A 40 million dollar ICO that still cannot correct problems with their fake mining app. Their technical adviser, Michael Stollaire, is currently being prosecuted by the SEC. The blockchain has broken numerous times, even after warnings from outside programmers.
Adding KYC makes it no longer decentralized and it is no longer miner friendly. ETN’s goal was to reach the unbanked in third world countries, but these people cannot afford phones or electricity to run the useless app. Other coins have already established solid markets in these countries.
Sell before it is much too late.
But, I also invest in Verge so don’t trust my opinion.
I’m a dimwit.