I have been investing and following cryptocurrencies for about a year now and though I am by no means an expert in cryptocurrencies I do have a finance background so I thought I would share some of the interesting investment opportunities I have discovered in the altcoin market. Given the sheer amount of choices within the altcoin market it can be difficult to uncover who the true winners will be. I was able to invest in Ether and Ethereum a year ago at a price of $13 per Ether which had alot to do with luck. There will be many altcoins that experience similar growth as Ether has had and so uncovering these altcoins will be financially rewarding.
The first coin I will suggest is Zcoin which is an altcoin that provides its users 100% privacy. Users of the coin are protected from being identified after transactions are conducted thus benefiting users. This is a huge benefit to users of the coin and thus I see the coin gaining in popularity over time. There is also Zcash which has a larger market cap but I think Zcoin has a few added features that make it slightly better than Zcash. Both coins I think will do good as privacy is a valuable feature.
Another altcoin I like is Voxels which is coin used in market for virtual reality worlds. Basically creators of Virtual Reality landscapes can create their worlds and load them into a market and buyers of these scenes can use Voxels to buy them and then use them with their virtual reality programs and equipment in order to experience them. Virtual Reality is a small but growing market and I think Voxels will be a useful coin in promoting the technology and rewarding creators of the technology. I have noticed that the price of the Voxel coin has seen good growth as well signaling there is good demand for the coin.
Finally the Edgeless Coin is a coin that will be used in a casino that will offer gamblers a way to gamble without have to give the house or casino any piece of the gambling revenue. The idea of a casino with no house share I think would be appealing to gamblers and therefore I see this casino doing well as it grows over time. The Edgeless coin will be the token used at this casino and so as this casino gains in popularity the value of the coin should increase over time.
All three altocoins I talked about today I think offer promising investment opportunities. Each altcoin focuses on a niche use that I think takes blockchain technology to a specific marketplace and I think will benefit their respective niches as blockchain technology spreads in our society
I agree with Zcoin though it is quite expensive now.
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Yeah the price of Zcoin is higher at $65 approx per coin than other coins which may be single digits or less than a dollar. Similar to stocks though that being expensive or not should be determine based on the market cap of Zcoin which at the moment is $250 million. Compared to other cryptocurrencies I would say that Zcoin is moderately valued based on its use and the market cap of other cryptocurrencies and their popularity.
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Voxels is pretty good.
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Yeah Voxels is appreciating faster than Bitcoin and that is very good given that Bitcoin is growing quickly. It's price is still quite low at 35 cents so those investors looking for a coin with a very low price will like this one.
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