4 CRYPTOCURRENCIES – WAN, ANON, VEN, REP
Finding the needle in a haystack ICO or cryptocurrency likely to appreciate rapidly is every investor’s dream. The value attached to a cryptocurrency can fluctuate greatly depending on the developments occurring with it. This week beginning with July 7, 2018 we see many cryptocurrencies having major developments.
Four cryptocurrencies have exciting developments in the short term that deserve attention, analysis, and monitoring the market’s reaction. These cryptos include WAN, ANON, VEN, and REP.
WANCHAIN MAINNET 2.0 ETHEREUM CROSS-CHAIN JULY 7
Wanchain (WAN) $2.33249 +0.43% was originally a fork of Ethereum (ETH) but is no longer an ERC-20 token and maintains its own blockchain. WAN is creating a new financial market for digital assets by implementing cross-chain transfers. There is an ever-increasing number of tokens, cryptos, and blockchains and no efficient decentralized way to exchange them.
WAN goes far beyond fiscal transfers focusing on smart contracts, privacy protection, and, of course, the WAN coin. The WAN currently has a market cap of $260 million. July 7, 2018, is a very exciting day for WAN.
Today WAN’s mainnet 2.0 with ETH goes live providing cross chain transactions. This is a small step in a staircase of many, but if implemented properly, WAN should react in a positive manner. Being able to provide cross chain transactions without an exchange 2.0 goes live today, does the crypto community believe there is a need for it?
ANONYMOUS BITCOIN (ANON) ASIAN ADVISOR, 2ND CNBC INTERVIEW, WHITE PAPER, BOUNTY PROGRAM
Anonymous Bitcoin (ANON) which is an upcoming fork of ZClassic (ZCL) $8.29712 +0.12% and Bitcoin (BTC) $6638.0 +0.44% has had many recent developments. ANON had another appearance on CNBC crypto trader, released their whitepaper, began a community building program distributing 5,500 ZCL, while also preparing to announce their Asian advisor, exchange listings/support, and continue their conference tour. This week is important for ANON as their Asian advisor announcement is imminent.
With a new top-tier advisor being added to an ensemble of Ran Neu-Ner (CNBC’s Crypto Trader) and Steven Nerayoff (ETH ICO) ANON should be poised for success. This past month has seen ANON release their whitepaper, have a second CNBC interview, and begin a community building bounty program that has more than 200 participants. The ANON testnet goes live in mid-August with the snapshot occurring September 10, 2018. Major exchange support will be announced on or before August 15, 2018. These dates are all important to note as the most volatility occurs around these events.
ANON is a fork of ZCL and BTC. This means prior to the snapshot date the only way to take advantage of important news is to hold ZCL or BTC. ANON will be provided in a 1:1 ratio to those holding ZCL or BTC at the moment of the snapshot. A novel choice was revealed in their whitepaper release. All unclaimed ANON will be burnt on January 1, greatly decreasing the circulating supply.
ANON has a very important summer leading to the day of the fork and has met every deadline to date. ZCL will be an interesting coin to be focused on the next few months as it is the easiest way to attain ANON.
VECHAIN (VEN) THOR MOBILE WALLET JULY 9
VeChain $2.46906 +0.69% has a market cap of $1.4 billion. This is a large cap crypto and has seen significant market adoption in the supply chain management sector. VEN is a platform built on a blockchain that is designed to enhance supply chain management. VEN accomplishes this goal by utilizing tamper-proof distributed ledger technology. The end goal being that retailers and consumers have the ability to without question determine the authenticity of specific products. Issues with luxury goods, pharmaceuticals, and foods being counterfeit have become a serious problem.
VEN went through a rebranding this year into VeChain Thor and with the rebranding came new wallets. July, 9, 2018 a new VeChain Thor Mobile wallet is released. Normally a wallet is not a reason for excitement but VEN going out of their way to publicize this may mean there is something especially unique about it.
VEN may very well have a wallet that does more than impress on the horizon. The market reaction on July 9 will be very telling if the wallet is noteworthy.
AUGUR (REP) MIGRATION TO NEW CONTRACT JULY 9
Augur (REP) $35.7369 -0.03% is a decentralized prediction market platform built on the Ethereum blockchain. The goal of REP is to use the “wisdom of the crowd” to better predict the outcomes of specific events. Augur is currently trading at $39.90 with a market cap of $438 million. This price has corrected greatly along with the rest of the market since January highs. However, even with the most recent correction Augur is positioned to undergo a migration to a new contract.
The number of Cryptocrruency is growing day by day
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