Cryptocurrency, in general, is starting to rise again, going closer to where it used to be in terms of price. Fellow hodlers and traders can finally rejoice again! Thank you again for your kind words and comments on our previous article on Banks and the blockchain, I truly believe the market is shifting and when you see HSBC, Santander, UBS, and the Bank of China making strong positive strides, this is a great indicator.
Today, however, I would like to share and take a look at some top altcoins for the month of May 2018. Ripple, IOTA, NEM, and Wanchain!
WHICH TOP ALTCOIN TO BUY NEXT?
A number of people are turning higher profits by trading Top Altcoins over the leading Cryptos. Why?
Well, because altcoins offer huge earnings over the long run.However, with a plethora of altcoins available in the market, choosing the best ones can be quite a task.So today I thought I would share some very attractive options!
Ripple (XRP) is currently sitting at a market cap of $27 Billion and has been designed by a team that fully understands the requirements of its consumers. Infact, Ripple’s CEO Brad Galing intends to build a unique platform that is perfect in terms of future trading and investment. Ripple can be traded for a minor fee, which is definitely one of the attractive features of the altcoin. In addition to this, Ripple has the capacity of revolutionising the banking sector by minimising the amount of time involved in transacting business. It eliminates 3rd parties and reduces the transaction costs to a large extent.
With news from Santander and other large institutions as well as the xRapid solution showing very promising results for payments in the critical remittance corridor between the U.S. and Mexico, financial institutions using xRapid saw savings of 40-70 percent compared to what they normally pay foreign exchange brokers. The future is looking very bright for Ripple at $0.69
Currently sitting at a market cap just over $5 Billion, IOTA is trading within a $1-$2 range, which means this could be a great time to pick up a coin which is experiencing an attractive time to invest. Besides, the capacity to exceed the $5 level in the 2nd-3rd quarter of 2018. with consistent trading volume, IOTA seems to flow very positively during market upswings.
IOTA will likely perform extremely well in the near future. IOTA be providing machine to machine transfer/ transaction facility very soon. There is absolutely no fee for trading IOTA as it does n’t use miners or blocks. It uses your transactions to validate 2 other transactions and thus turn you into a miner automatically. With all the issues surrounding scaling growth of the blockchain, major coins like bitcoin have come under tremendous scrutiny and have been heavily criticised for speed during high transaction periods.
IOTA is going after scale, Tangle is both a distinguishing innovation for IOTA and a possible model for other currencies to emulate. The concept is powerful: maximize resource efficiency by having a currency that scales with user volume. The downside is that the network is actually slower, with fewer users, but also the demand is smaller. As the currency grows, and also the incentive to use the currency increases, the ability for the network to handle an expanded user volume scales proportionally.
The average investor may not appreciate what a currency like IOTA offers in terms of affecting the scaling debate, but the future of cryptocurrency is one that is going to put the spotlight on functionality as opposed to pure price speculation, so having a coin like IOTA in your portfolio should definitely not be overlooked.
Wanchain trades as WAN on crypto exchanges and is a smaller cap coin than the ones previous mentioned. Wan’s market cap currently sits at $633 million and has a vision of rebuilding financial services.
Wanchain is a global financial platform that connects and exchanges value between different blockchains. Simply put, Wanchain is a ‘decentralized’ version of traditional banks in the current and future financial landscape.
Wanchain = Ethereum + Ripple + Monero + Chainlink, all in one, and in a lot of ways, it’s better! First of all, Wanchain is a hard-fork of Ethereum, but will be Proof-Of-Stake (PoS) implemented (after mainnet launch), allowing it to scale better.
Secondly, Wanchain is commonly labelled as the ‘Chinese Ripple’, however, Wanchain is much more decentralized than Ripple, truly representing what a ‘distributed’ super financial market should be like.
To put it in a few words, Wanchain is a very ambitious and potentially disruptive project, aiming to become a super financial market of the world. The project has some of the brightest minds in the business working behind it. Wanchain is solving a real-world problem and has an immensely vital use case.
Where Platinum Crypto Academy Comes In
Platinum Crypto Academy is here to support traders of all levels, so if you need some advice on your portfolio, or if you’re just looking to get started in cryptos, we are here to help. If you haven’t heard much about cryptocurrencies, here’s the brief version from an investing point of view. Over the last 18 months, the cryptocurrency market was the single highest rising market in the world.
It beats out Gold, Silver, Aim stocks, the FTSE, anything you can name. It out-performed small caps by 80 times! How and why this happened, and why even this enormous growth could be DWARFED over the next 2-5 years? Spend some time with a Platinum Crypto Trader and you will see just what is possible.
If you’ve booked your session above, we look forward to speaking to you soon!
Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
Live from the Platinum Crypto Trading Floor.
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