Dear small investors, we are suffering struggles nowadays, but, do not worry, let's be positive because, maybe, we can also see a few opportunities difficult to see in a normal day:
Ordering the CryptoCurrency Market Capitalizations list by % Change (24h) you can see that just 4 altcoins out of 922 are resisting the huge hit of the Market today.
These coins are:
CloakCoin, LEOcoin, Veritaseum and Thether.
Is there any reason why they resist beter than others? I do not know, but it will be interesting to know if any particularity of these coins will make them different, isn't it?
What is CloakCoin? According to the developers:
" CloakCoin is one of the best systems available providing private, secure, decentralized and untraceable digital monetary transactions. It is also one of the most user friendly systems and will allow anybody with a computer or a smartphone to participate in today’s digital markets" (looks like Zcash...not bad) (https://www.cloakcoin.com/)
What is LEOcoin?
LEOcoin aims at being an easy-to-use, pseudonymous cryptocurrency which, according to the developers "is an efficient way to send money to family and friends and/or paying for products and services worldwide, much simpler then the online banking we all know" (developed from Litecoin) (see http://www.leocoin.org/)
What is Veritaseum?
This what I found in the net "it allows anyone to perform trades without intermediaries (i.e trades without brokers, loans without banks and contracts without lawyers...)" (see http://veritas.veritaseum.com/)
What is Tether?
According to Cryptocompare guys "Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process" (see complete article here: https://www.cryptocompare.com/coins/guides/what-is-usdt-and-how-to-use-it/)
As you can see, Cryptos are always very similar but with a few differences between them that make them suitable for determinate people. Of course, we are just looking a very little information of each one and, in order to know better, we should go in deep individually... but there is something in the CLOAKcoin that makes the difference (69% is a lot of difference, isn't it) here and it seems to be its particular characteristics of privacy and untraceability in comparison with the others.
Yes, definitely, I am going to put an eye on CLOAKcoin.
Have a nice day!
(P.S. If you like my post and comments, please upvote and follow me @toofasteddie)
Very good blog. Nice to see I'm not the only one who thinks like this. The crypto market: High risk high gains!. That doesn't mean that a gain is guaranteed though. There's simply no guarantee in anything in life and especially not in a high risk market. Besides coinmarketcap.com there is: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there.
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