Though Bitcoin, Ethereum and Ripple have garnered a large portion of the attention on cyrptocurrencies, there are several other coins with good potential. Here is a look at three coins to keep an eye on, for the remaining part of the year.
Skycoin was created by the original developers of Bitcoin and Ethereum. It is built to power Skywire, a new internet framework. The coin has a much faster transaction time and framework for other coins to build their platforms. Sky’s blockchain is 300 times faster than those of Bitcoin and Ethereum.
Why should you look out for it?
Skycoin is creating a whole ecosystem of coins based on its framework, most based on real-life assets and uses.
Spaco aims to be the next generation internet protocol.An internet protocol is simply the way data is sent from one computer to another. Metalicoin enables investors to raise capital to fund mining projects. Suncoin is focused on building solar energy projects and trading using its coins. MDL aims to be an online talent hub.
Long-term, Sky plans to build a decentralized exchange, where all coins on its platforms can be traded. Skycoin also generates coin hours, when stored in a wallet. This will be trade-able in the near future.
Skycoin is currently trading on Cryptopia.
2. Red Pulse (RPX)
Red pulse is a research firm which has its headquarters in Hong Kong. The company was spun off from Z-Ben Advisors in 2015. Red pulse is focused on providing unbiased information about the Chinese financial markets.
The company currently covers finance, tech &internet and consumer sectors, producing eight research notes per sector along with two macroeconomic notes on a daily basis. Distribution channels include the website and iOs apps. In addition, the company also sends a daily email. Clients currently have access to the existing platform.
RPX is currently traded on major exchanges such as Ku coin and Binance.
Why keep an eye on it?
Red pulse is an existing business moving into the blockchain, unlike most projects that are based on concepts. The company’s team is also closely tied to the NEO team, which is positioned to play a key role in the Chinese crypto space.
Red pulse plans to pay contributors on its platform with RPX tokens. Clients are also being transitioned to free accounts. Prior to this, the company had more than 50 paying institutions. Red pulse also plans to expand its coverage outside of China, from the fourth quarter of this year.
3. Iquant IQT
IQT is a coin and also an exchange. Exchange coins tend to do well as the fortunes of the exchange rise. Binance and Ku coin serve as precedence. Exchanges also tend to do well in both bear and bull markets. Iquant is currently trading at 1081 satoshis (0.00001081 btc). The coin also has a relatively low supply of 100 million which gives it room to potentially double or triple in price.
Though fairly new, the exchange is gradually increasing its user base. Iquant is trading on Cryptopia, one of the major cryptocurrency exchanges.