The cryptocurrency World has finally received a new lease of life with Bitcoin’s crossing the $10,000 mark. Following the first of the cryptos price rally, it is expected that certain altcoins are going to follow in its stead. However, it might not be the altcoins that you expect.
NEO as an altcoin has been somewhat underrated by the crypto world. However, its scalability has made it one of the investors’ favorites ahead of summer.
With its ability to run decentralized applications, NEO stands to grow to compete with other crypto currencies which also run decentralized applications via smart contracts.
Based on its performance between January 2017 to February 2018, where a single unit of NEO stood at $140.19 from less than a dollar in January 2017, it can be seen that NEO is a must buy!
Its fast processing time and adaptability when it comes to programming gives NEO a spot on the list of altcoins to watch out for.
Binance Coin (BNB)
As the token of the Cryptoverse’s largest exchange by volume, BNB is one of the altcoins which would prove to be a top performer in the coming weeks and months.
Despite the issues with American regulators, BNB does hold the potential for a really great improvement in terms of growth and prices.
This is because exchanges are a hidden treasure in the cryptoverse; they offer an edge against the many other types of altcoins which exist out there as their use cover the exchange of other altcoins.
A cursory look at prices from July-2017, when BNB was just about ten cents, but trading around $37 today is indicative of a substantial price increase it has undergone this summer. This is due to the utility of the crypto-asset. As the asset increases in use, so does its value.
Being the third largest cryptocurrency by volume and gaining institutional acceptance for its use cases makes it to be a cryptocurrency, which would take the world by storm!
Ripple XRP which is supposed to allow for real time settlement among financial systems worldwide is also fast becoming an alternative to settlement systems such as SWIFT, MoneyGram and Western Union.
It is certain that XRP will be one of the robust Cryptocurrencies in the midterm to long term future.
A quick look at the prices of XRP from January 2017 till date indicates that it could soon undergo price surge like that of 2018, as similar support level has also surfaced.
Based on this support level and other fundamental market factors, such as institutional interest in crypto currencies in general and XRP in particular. It is safe to say that the fundamental prices of the token are going to be quite a thing to watch come summer.
The above described cryptocurrencies represent three use case scenarios of the types of tokens to watch out for come crypto summer. Money based cryptocurrencies which allow decentralized applications creation and usage, crypto exchange tokens which are used in the exchange of crypto assets and financial system based tokens which serve one use or the other within the global financial ecosystem.
These three types of tokens could be the right choice for you!