Crypto Currencies To Watch!

in cryptocurrency •  7 years ago 

altcoins

Wow, with the recent spike in bitcoin price reaching over 4200$ USD there's some serious changes happening with investment into the crypto market.

I believe this time, Bitcoin will remain at a new base and continue upward as well as some not so popular cryptos that I want to share with you as well!

My first pick for an interesting yet risky crypto that I have been watching is IOTA. This currency was made to facilitate the internet of things which digitally connects the values of physical objects whether building, cars, devices, etc.

I invested into this currency early on when the price was 38 cents USD and it stayed low for a couple months. It has recently more than doubled and is trading at 0.87$ USD today!

Another one that I'd like to draw your attention to as a possible big player in the more civilized public crypto market once crypto becomes commonplace in the average eye is Populous.

Populous recently ICO'd and had a massive influx of investors but did not do huge number values in the beginning. That said, it is currently 5.65$ USD but has been rumoured to one day go up over 100$ a coin. The crypto is based on the idea of invoice buying which means that a company can use the populous system to sell their unpaid invoices, get paid up front as a business, and investors then take on the risk for a profit when the invoice makes interest. Banks have been doing this kind of thing on a higher level for many years with massive profits so this is a way for companies to make that process less expensive.

The third unsuspecting crypto that I'd like to draw your attention to is called UbiQ.

UbiQ is a new fork of the ethereum network which aims to improve on the current technology to make smart contracts more automatic and expand their uses. As well, it aims to make transactions faster. Although I do not know specifics of how they do this, it has been rumoured that this currency may take over the very speculative and fought over Ethereum Classic.

UbiQ currently trades at anywhere from 1.15$ to 1.50$ usd but is rumoured to find a spot somewhere between the original Ethereum at 300$ and Ethereum Classic at 14-16$. UbiQ is said to be pegged to go up to 80$ per coin within a couple years time.

The last and final crypto I want to draw your attention to is called musicoin.

Musicoin was created to facilitate a direct user/viewer to artist payment system for music listening andusic videos.

Currently services like Spotify or other stewing services charge a premium to users for access to a vast library of pop music. How often do indie artists get into these playlists and make money though? How much of the fees are soaked up by non artist business middlemen??

Musicoin creates a way for an artist to be paid and tipped of the user chooses directly with no other interaction between the flow of money.

Musicoin currently trades at 1.5 cents USD but if the network becomes successful, I could see a near 1$ value for users to pay artists they respect and want to give their money to.

I hope this article has sparked a little idea of what may come for cryptocurrencies other than the talked about ones. Investing is cheap currently, and the payoff could be 100x.

In no way do I take responsibility for your investment decisions as this is just for informational purposes only. Use your own judgement of purchasing and accepting the risks involved.

Cheers,

Chris

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It is hard to find a way to buy IOTA

I believe either bitfinex or bittrex has it that's how I got it.

Thanks. Bittrex doesn't seem to have it yet, hopefully soon.

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I didn't know most of these bro. I'll have to check them out.

Cheers! Just trying to help everybody! P.s UbiQ is actually more profitable to mine than ethereum currently! We are actively mining it now

What algorithm is it?

Its Hashimoto just like ethereum. I use the ether miner CUDA build and hodlpool

You can do musicoin and UbiQ with the same as ethereum. Populous is an erc20 token... Not sure about iota

I've been looking into mining but the price of GPU's skyrocketed and the ROI is pretty far out now so I backed off and never set up a rig.

Its the kind of thing where you take a risk on mining the cheaper coins like UbiQ and musicoin for example we were banking 300-400 musicoin per day mining and it's a penny right now. If it hits a dollar we made a few grand. UbiQ same thing but we only make about 4 coins a day. If it goes up, the mining was still worth the investment and time

I just looked again at the price of GPU's. Rigs are not cheap to build these days.

Nope! About a grand to set up the barebones PC then 500$ per card

Good post man. I was actually just on Cryptopia and traded for some BCN picking up MUSIC.

Great choice, I have faith that it will happen. As an artist and audio engineer we are getting sick of YouTube and the traditional outlets. Too many corps making money and not artists. That said we have thousands of MUSIC

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Lots of risk on these unestablished Coins. Here is a chart for bitcoin. https://steemit.com/bitcoin/@moneymakeredge/bitcoin-to-usd5200-charts-attached

Bitcoin is definitely solid to invest I agree. It is pegged to hit 10k even by the end of the year possibly, but that's a 3x profit. These cryptos I'm showing have the possibility of much much higher ROI. With great risk comes great reward!

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I have not kept up with any of this for a long time.

Just check back every once in a while on my blog, I periodically make updates on crypto