Since Bitcoin made waves in 2017 for hitting a peak price of $20,000, the cryptocurrency ecosystem has seen a significant boost in investments. Venture capital funding for Bitcoin-related enterprises also increased from $2.13 million in 2012 to $554.45 million by December 2017. This boost is due to the volatility and frenzied nature of the entire industry, which makes it possible for investors to earn huge profits within a short period.
Unfortunately, interest in Bitcoin has dwindled considerably, a fact that is evident in the 75% decrease in Bitcoin searches since the beginning of 2018. Attention is shifting to newer altcoins and blockchain projects which are emerging regularly. Most of these digital assets have low prices and low market capitalization but can be profitable for investment.
ALTCOIN PROJECTS TO LOOK OUT FOR
Bitcoin and Ethereum are the frontrunners of the industry, but some altcoins show investment prospects and can be valuable later on. Just like the case of Bitcoin and other major coins, the biggest benefactors are the early stage investors. Before becoming an early stage investor, there must be strong signs that the particular asset of interest will do well in the long run. The following altcoin projects show these signs and make great additions to any cryptocurrency investment portfolio.
Dragonchain is a scalable hybrid blockchain platform which also functions as an incubator for blockchain-related startups trying to solve real-world business problems. The platform was released as an open source software in 2016 and has performed optimally since then. Dragonchain aims to create a space for enterprises to integrate their businesses with blockchain technology. It does so by providing a smart contract library in various languages including java and python.
The platform which uses five layers of security consensus is secure, fast, and highly scalable. It is also simple and focuses on user experience. The Dragonchain digital asset known as DRGN currently has a price of $0.28and a market capitalization of $67,720,414. Its current low price and business advantages make this altcoin project one to watch.
Globally, the logistics industry has always been plagued by issues such as inefficiency, fraud, theft, lack of transparency in supply chains and tracking. These issues are amplified during import and export.
Morpheus works to tackle these issues with its immutable, transparent, fully-automated and serviced supply chain blockchain platform. The Morpheus platform implements an integrated cryptocurrency payment system and provides real-time documentation for cross-border shipments.
The platform gives users the ability to automate shipping, customs, and contract documentation as well as payments with global coverage of over 1,600 banks. Morpheus is also an active member of the Blockchain in Transport Alliance (BiTA), which also includes shipping giants like UPS and FedEx. They’ve also partnered with AccessPay to improve the blockchain payment process that already exists on the Morpheus platform.
Morpheus is listed on HitBTC, TopBTC, LAToken, Bancor, and LiveCoin already and may be recorded on more exchanges in the future. The platform’s digital asset known as MORPH has a current price of $0.12 and a market capitalization of $3,681,091. The low price, great use case and obvious potential make Morpheus an altcoin worth considering for any investment portfolio
Of all the newly emerging privacy coins, DeepOnion is by far the most promising. Its digital asset known as ONION is currently valued at $0.58 with a market cap of $9,118,330.
DeepOnion is particularly interesting because its network consensus protocol is a hybrid of Proof-of-Work and Proof-of-Stake algorithms. This sophisticated combination gives rise to a system that is secure and highly functional.
DeepOnion also provides a mobile wallet for its Android users and protects their IP addresses from third parties. The platform will also allow users to make untraceable hidden payments using the Deepsend feature which will be launched in late 2018. The currency has a strong community and support base who have democratic rights concerning the future of the coin, depending on their ONION wallet balance.
The features provided by DeepOnion are highly sought after in the industry, and it will only be a matter of time before the platform sees significant growth. It will be wise to take advantage of the current low price in hopes of a steep increase in the future.
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