Monthly Review of AltCoins

in crypto •  7 years ago 

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In August the alternative coin market managed to record historical values. AltCoins market capitalization reached $ 94,205,900,000.

Ethereum


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Ethereum is constantly creating new ICO projects. Hard Fork in the Ethereum network is scheduled for late September 2017. The new version of the software will expand the Ethereum network capabilities. Metropolis will contain an algorithm similar to Zcash. Anonymous Transactions in the Ethereum Network will be made possible.

LiteCoin


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LiteCoin seems suitable for investment. The trend is upward trend compared to MA200 and MA20. Another factor linked to the recent rise in Litecoin's price could be the upcoming exchange of interbank transactions. Now that Bitcoin has activated the SegWit protocol, litecoin networking technology should make it easier to create new transactions. This can ensure that LiteCoin will remain relevant in the long run.

Ripple


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The rise in the Ripple price in recent weeks has been accompanied by very high volumes on the stock markets. The fact that Ben Bernanke held the first Ripple conference is of greater importance. Ripple's course is not highly dependent on specific events, but recently the volume of crypto currencies has grown significantly in the South Korean exchanges. Currently, more than 60 organizations worldwide use Ripple, including Santander, RBC, UBS, and UniCredit.

OmiseGo


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OMG goes into the next areas by volume after decreasing its volatility. Following recent events, OmiseGO has assured that the Chinese ICO ban will not affect the network

Monero


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The currency has been in consolidation for quite a long time. The digital currency Monero was added to Bithumb's largest South Korean stock exchange. Soon, currency support announced it was included in the list of other crypto platforms such as BitBay. Also, the Ledger hardware wallet integrates Monero.


image source - Instagram and screenshots from coinmarketcap.com

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I gotta decide which altcoin i should buy now... I heard about WTC, is it worth investing?

Stick to top 10 and you should be fine, also i prefer Monero