3 Great Alt-Coins To Buy Right Now

Summary

As Bitcoin, Litecoin, Ethereum, and Bitcoin Cash become more mainstream, people are looking for alternatives to invest in.

While alt-coins are typically riskier due to a smaller market cap, among other factors, they also offer greater rewards.

OmiseGO, Stellar, and Golem are three phenomenal buys for the upcoming cryptocurrency bull market.

As we saw in the cryptocurrency bull market of 2017, alt-coins are where the rewards lie.

Sure, investing in mainstream cryptocurrencies like Bitcoin, Ethereum, Litecoin, or Bitcoin Cash can definitely net you a pretty penny, but if you want to make very large returns, you need to dabble in alt-coins.

Not all coins are created equal, however. It seems that every day a new scam ICO is created, with the goal of fleecing the general populace of as much money as possible. This being said, there are a few good ones that are here to stay for 2018.

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OmiseGO

To start, the fundamentals show us that there’s still a lot of room to grow. When we compare the current price, market cap, volume, and total supply of OmiseGO (OMG-USD) to a larger cryptocurrency like Litecoin or Ethereum, it becomes apparent that this coin is just getting started.

• Current Price: $12.70 (or .00154 BTC)

• Market Cap: $1,295,950,612

• 24h Volume: $35,761,400

• Total Supply: 140,245,398

While this coin has taken a stark hit over the past two weeks, many cryptocurrency bulls aren’t worried. OmiseGO is fundamentally valuable for a number of reasons and has a number of chips stacked in its favour.

OmiseGO has been rapidly expanding into Southeast Asia, as made evident by their recent contract signed with South Korean banking officials:

Thailand’s Omise and OmiseGO have signed a Memorandum of Understanding (MoU) with major South Korean credit card business and technical company ShinhanCard, an affiliate of Shinhan Financial Group, as part of a move towards fintech innovation and Blockchain adoption throughout Asia, according to Oise’s press release published Thursday, April 5.

In addition to this, a London exchange also just added OmiseGO, but the expansion isn’t going to stop here – not by a long shot. They plan to capture much of the market in Southeast Asia, and as cryptocurrencies become more common and accessible, the likelihood that their price will go up is very high.

The cryptocurrency is also backed by an incredible team, known for making results. One such member of their advisory board is Ethereum’s very own creator, Vitalik Buterin… and he doesn’t mess around, seeing that OmiseGO is the only coin he’s backed as of now.

Stellar

Stellar (XLM-USD) is another example of a great cryptocurrency that could see very large returns throughout 2018 and beyond. Let’s start with the fundamentals, which also look solid.

• Current Price: $0.3177 (or .0000387 BTC)

• Market Cap: $5,902,104,333

• 24h Volume: $29,198,900

• Total Supply: 103,946,502,380

Like many other coins, Stellar has also seen a drop over the past several weeks. That being said, it is fundamentally solid and I wouldn’t be surprised if it nets investors ROIs that make last year’s crypto bull market look small by comparison.

Stellar is a decentralized, hybrid blockchain infrastructure that allows global, cross-asset transfers of value, where all users, from people to payment networks or financial institutions, have equal access and economic participation, making them one of the most unique alt-coins to date.

In addition to this, IBM (NYSE:IBM) just announced that they’re using Stellar for their latest blockchain-based project, and it’s been slowly rising despite recent cryptocurrency bearish market sentiment.

With Stellar, micropayments will become fully possible, and developing countries will finally have easy access to banking. This makes them a great candidate to invest in for 2018 and beyond.

Golem

Last, but not least, there’s Golem (GNT-USD) – the techie friendly, video rendering blockchain technology that’s promising to revolutionize the way that movies, games, and graphics are processed. Let’s take a look at the fundamentals:

• Current Price: $0.5356 (or .00006524 BTC)

• Market Cap: $447,197,151

• 24h Volume: $15,798,100

• Total Supply: 1,000,000,000

Golem is an Ethereum-based, global, open source, and decentralized protocol which unifies idle computer power to enable massive computing speeds for relatively low costs. This has numerous applications for video rendering, data processing, and more, which will enable institutions and content creators to process files in a fraction of the time it would normally take.

The coin just went live a month ago, and is causing a surge of faith in the Ethereum-based token markets. While it may take a while to hit the mainstream level for video producers, many crypto bulls believe it will be a game changer that could net massive returns over the upcoming years.

In addition to this, Binance, one of the largest cryptocurrency exchanges to date, just listed Golem to its cryptocurrency line up. This caused a temporary surge by over 15%, and although the price has since fluctuated, some have speculated that it could hit $1.00 very, very soon.

The Bottom Line

All in all, the cryptocurrency markets are the wild, wild west, but with increasing adoption by not only corporations and banking institutions, but by consumers as well, this “wild west” is about to be tamed.

As the public becomes more crypto-savvy, many bulls expect the prices of these three alt-coins to rise in massive value. They all have very solid fundamentals and offer a unique value proposition to the market which could potentially be game-changing.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author https://seekingalpha.com
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Golem Arrives: One of Ethereum’s Most Ambitious Apps Is Finally Live

Wouldn’t it be nice to make some extra cash while browsing social media?

That’s the promise of Golem, a peer-to-peer market for putting your computer’s excess CPU power to use for other people. And today, after three years and 14 software implementations later, it’s going live on the ethereum blockchain.
The project, which sold out of its GNT token in 20 minutes, raising 820,000 ETH – around $340 million, according to current metrics – in 2016 by selling its crypto utility tokens to investors will likely see a significant amount of fanfare since Golem was one of the earliest generations of ethereum applications.
But it has also received some amount of criticism for its failure to turn around a product relatively quickly.

“This is typical for software development in general, and blockchain in particular, we underestimate the complexity of what we want to do,” Julian Zawistowski, CEO and founder of Golem, told CoinDesk. “You always underestimate how difficult it is, and this was obviously the case with us.”
That said, even though the project is still far from its goal of building a worldwide supercomputer, the mainnet launch is an important step forward in proving out its underlying architecture and ethereum itself.
In its current format, the service enables computers to rent unused CPU power for creating computer-generated imagery (CGI) using Blender, an open-source software for animated films, visual effects, interactive 3D applications and video games. It works by swapping computational power for GNT through an interface that connects to Blender directly.
And this current release, Golem Brass Beta, is an effort to test whether the technology functions in real market conditions with real money. “We have to see how it behaves in the wild,” Zawistowski said.
CTO and co-founder of the company, Piotr “Viggith” Janiuk, told CoinDesk:
“The release is there to prove to us and everyone that we can actually deliver something that can run on mainnet and that’s really usable. And well, it is.”

Big ambitions

As such, Golem today works through a software client, which connects the two parties in Golem’s network – “providers,” those that sell computational resources, and “requestors,” those that want to rent CPU power.
The providers are given small tasks, or “subtasks,” which went pieced together, create a full computational picture.
“We send those subtasks over a peer-to-peer network where peers compute them, return the results for you and connect that into one piece and pay for the use of the other peoples’ computers,” Zawistowski said.
Zawistowski explained that all interactions happen directly between nodes on the network. While it’s not built on a blockchain itself, Golem uses ethereum not only for its token, GNT, and for consensus on GNT transactions.
For now, the primary function of the mainnet release is to test the economic assumptions of the network, as well as appealing to early adopters for feedback on usability and issues.
“You start with a very simple Golem that should work up to a point where we have the Golem which is perfect and self-contained and modular, and you give it a computation and it’s done in a matter of seconds,” Janiuk said.
And that future goal is first to create a dedicated plugin for Blender so that there’s no extra step for using Golem’s service through the application, and then, even more ambitious, allowing the network to provide computational resources for the sought-after form of artificial intelligence called machine learning.
“We definitely need to move in the direction of machine learning. This is something that is suited to Golem pretty well,” Janiuk said.

Speaking to the project’s long road to production, Janiuk told CoinDesk, “Interfacing with ethereum seems pretty straightforward, but once you want to move into production it is difficult. You have to make sure that it is as bulletproof as possible; there can be no holes because you’re risking someone else’s money.”
And what the team behind Golem found was that their aim of splitting computational tasks up into smaller tasks and then reintegrated them was an uphill battle.
The project faced with complicated and previously unresearched technical barriers.
For example, while verification – or proving that a computation is correct – is easy to achieve for simple crypto transactions, it becomes extremely difficult to develop around different kinds of computations.
On top of that, there was the issue of building on ethereum, which has seen its fair share of hurdles recently, as platform apps cause transaction backlogs and rising fees. Even ethereum creator Vitalik Buterin lamented the state of affairs on the network recently, telling an audience in Seoul, South Korea that app makers are “screwed” by scaling challenges.

Yet, as witnessed during CryptoKitties’ peak hype, this isn’t limited to Golem, but something that extends across the industry.
“Any decentralized solution right now is I believe still at least a few steps before being even close to something that can be called a production-grade solution,” Janiuk said.
And Zawistowski compared the situation to web development and infrastructure building in the 90s. While web developers today have a host of tools to choose from when building web applications, in the early days, developers had to start from scratch.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Rachel Rose O’Leary
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