Home Altcoins January 2018 Cryptocurrencies to Explore – Part 2

January 2018 Cryptocurrencies to Explore – Part 2

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EOS ($EOS)

EOS runs its own blockchain architecture, designed to enable “vertical and horizontal scaling of decentralized applications”. This means that EOS’s system is designed to scale, is capable of supporting accounts, authentication, databases, asynchronous communication and any type of application on top of its blockchain, processing millions of transactions per second at nearly zero cost.

Why I believe in it

EOS is running the most unique ICO of 2017. It will run for 341 days, until June 2018, allowing plenty of time for scrutiny and for investors to become acquainted with the project. Just in December 2017, EOS’s price has already tripled. The fact that the project has high transaction speeds, no fees and no need for forks to perform upgrades, make it a highly interesting coin to follow.

Cindicator ($CND)

Cindicator is a project focused on the use of hybrid intelligence to make financial projections on the price of crypto assets. It uses the collective reasoning from its thousands of users coupled with machine learning capabilities, to reach its conclusions.

Why I believe in it

Cindicator explores Hybrid Intelligence, a very interesting field of research that has had fantastic results in problem solving for scientific studies in the past. Using it to predict crypto prices makes it a project to follow, particularly with a community as active and galvanized as this project has. With a market cap of USD$90 million, it has a lot of room to grow.

IOTA ($IOTA)

IOTA is unique in that it isn’t based on blockchain, but instead calls itself third generation crypto. It was designed to provide support for the Internet of Things, and through the use of its Tangle transaction confirmation will allow connected devices to buy and sell resources without transaction fees. You can read my more detailed report on IOTA here.

Why I believe in it
IOTA suffered a setback in December due to some mis-communicated partnership announcements. Even so, the price of IOTA nearly tripled in December, despite some extensive FUD and volatility in the coin price. While some questions remain regarding the current centralized state of IOTA and the use of new and untested technologies, the unique Tangle network deserves attention and IOTA could explode in the coming years.

Salt Lending ($SALT)

Salt Lending has taken lending to the blockchain. It allows cryptocurrency holders to use their digital assets to secure loans in fiat currencies. This means there is no need to liquidate cryptocurrencies to generate capital, and allows cryptocurrency holders to get their loans without traditional credit checks. The lack of credit checks also streamlines the lending process and speeds disbursement of funds.The lending platform was released in December, with $10 million in initial loans.

Why I believe in it
Salt Lending launched their platform in December, causing a brief spike in $SALT price. The coin has settled and was up more than 100% at the close of December. The first loans were given, totaling roughly $10 million, and Salt Lending expects a total of $50-$75 million in active loans by the end of January. When you consider the success of peer-to-peer lending and the astronomical growth expected for cryptocurrencies in the coming years it seems like $SALT should be an excellent choice.

That brings part 2 of the January 2018 cryptocurrencies report to a close. I hope it has given you some inspiration to have a look at some new and different coins. I’m planning on continuing these reports throughout the month, as there are literally thousands of coins to explore. Please subscribe so you don’t miss out on any of the upcoming reports.

Disclaimer: I am stating my opinions, not giving you financial advice and if you invest in these projects it is your sole and full responsibility. You are investing at your own risk. Always invest only what you can afford to lose and try to diversify your investments. Finally, do your own homework and learn about the project use case, roadmap and team.

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