A cryptocurrency is a digital currency, which is created and managed through virtual platforms and encryption techniques called cryptography. With the creation of Bitcoin, cryptocurrency became another type of money system in the financial market, changing the way financial market operated officially. On 12th February, 2020, cryptocurrency market reached again touched the $300 Billion milestone of market capitalization for the first time in 6 months period of time. It looks like Crypto market is slowly making its way to Bullish cycle. This might be a good time to keep a watch on Real life Use cryptocurrencies which can gain momentum.
In the cryptocurrency market, This year can be good for below Potentially Good Cryptocurrencies. Readers must Note that, this is not an investment advice and just information regarding some good concept cryptocurrencies which People Might like. For investment it is advised to do your own research strongly since this market is not traditional type.
1. ChainLink
ChainLink was introduced in the market in the year of 2017. The Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain. Your smart contracts connected to real world data, events and payments. This introduces the customers to the suppliers of the services / of the goods. Due to Concept of buying directly with removing of middle man, This crypto might get the momentum needed, cryptocurrencies such as ChainLink have been created to facilitate the ease in the daily routine of a common man.
2. DxChain Token
DxChain Token is a decentralized big data and machine learning network powered by a computing-centric blockchain. In other words it provides solutions to big data problem. DxChain Token is a cryptocurrency which allows the users to control and own their own data on its platform as well as assist the users to safely handle and analyze the data. The cost of using the platform is relatively low due to multiple nodes and distributed storage with Blockchain technology. DX token is the main token traded on the network as a reward between the members.
3. Tezos (XTZ)
Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. Tezos is designed to provide the safety and code correctness required for assets and other high value use cases. Its features include proof of stake consensus, formal verification (which lets developers verify the correctness of their code), and the ability to let stakeholders vote on changes to the protocol.
Tezos has seen tremendous unseen and unexpected rise in its price. It rose from level of $1.20 to $1.30, and reached $3.61 a new high level.
4. SEELE Cryptocurrency
The goal is to create a secure, high performance and scalable blockchain. Seele is powered by anti-asic MPoW algorithm and Seele Sharding Technology for high throughput concurrency with 2000 TPS in the Seele main-net currently as a starting point and highly scalable as demand increases.
The project was launched in 2019, but the token has gotten momentum recently. Seele (SEELE) is a cryptocurrency token and operates on the Ethereum platform.
5. IOTA
IOTA , launched in 2017, is one of the famous decentralized internet-of-things token. IOTA is The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines. IOTA gives the capability to a user to transfer data without human-to-human interaction. Popularity of the platform has again risen recently.
Out of dozens of potentially sound cryptocurrencies these are some which can gain popularity this year.