Altcoins are coming up every other day. This is making it hard for the investor to decide what coin works well for them. With the existing competition in the cryptocurrency market, real world use should be the guide when it comes to digital asset investment. Shield (XSH) is a privacy coin and so is Verge (XVG).
The entrance of Shield (XSH) in the market must have gotten Verge (XVG) developers worried. However, their worry is nothing compared to the kind of system the actual consumer is looking for. The fact that Shield is fork from Verge means it has better features than its parent blockchain.
How big is Shield (XSH)?
In January, the market capitalization of Shield (XSH) stood at $172million and things have not been well for the coin. it has seen a drastic drop to a low of $10million before the current bullish run which might not be sustainable give the fact that the coin is just I its early stages of development.
Unlike Verge, Shield is yet to get the global appeal that it needs to boost its traction. Currently the coin is listed on CoinExchange, Stocks.Exchange, SouthXchange, Trade Satoshi and CryptoBridge. When you look at these exchanges, something is not right; there is a need to get listed on an exchange that has a global appeal and trust for the XSH coin to gain global traction through mass adoption.
Will Shield (XSH) Ride on the Privacy Coin Hype?
Many privacy coin analysts argue that since Shield rides on the Verge code and unique quantum P2P addressing system, it is set offer superior privacy features one the project is fully functional. However, decision on the signature to be deployed on the system is yet to be made public.
The beauty of Shield is that the developer team is aware of attack rates in blockchains and is working on it to ensure the network stays healthy. With the Shield Economy in the offing, this will see a new market place for digital assets emerge.
The community is pushing for a gambling function and DEX which might be added by end of Q3 and thins will be a game changer in the gambling industry. Shield, is user-centric and they are giving the community what they want and this will make the platform a natural choice for real world solutions of the future.
Shield (XSH) Price Predictions
Shield is currently trading at $0.048910against the dollar after shedding 4.54% in the last 24-hours. It is also trading on the red against BTC after losing 5.81% during the same period. This might appear unusual by is a natural trend for any new entrants in a competitive Altcoin market.
Most investors are sitting on the sideline waiting for the project to take off. It is the right time for entry point adopters to take up their positions before the whales dominate the network before close of 2018. Once the infrastructure development phase is complete, this is a coin to watch in the privacy coin niche.