Today, September 13, became a lucky day for the crypto market, as it began to creep up a little, although the week has been somewhat nervous and panic moods embraced many. The first top-5 cryptocurrencies steadily fell in price over the first week of the Fall. But traditionally there remained altcoins, which showed good results. And, therefore, someone could make money on them. I wonder if it was you or someone else?
Tether
A week ago, when Coinmarketcap entirely turned red, Tether alone managed to stay afloat. Not a bad result, but showed it, perhaps, the most controversial altcoin of all.
Tether is tied to the U.S. dollar. That is, 1 USDT equals to 1 U.S. dollar. In fact, Tether combines characteristics of cryptocurrency and real money. As the creators of altcoin are assured, Tether is a priori safer, more functional and safer than any fiat currency.
And all this, of course, sounds very beautiful, but the skeptics have a number of questions to the stablecoin. The crypto community believes that there are no guarantees that Tether tokens are fully secured by the U.S. dollar. The law firm Freeh Sporkin & Sullivan, LLP (FSS) has prepared a report on the status of Tether's bank accounts. But the skeptics were not convinced. They drew attention to the fact that the document contains a number of reservations and in no way can be indicative of full financial support for USDT tokens.
But critics remain at their opinion. And Tether, meanwhile, alone stood up a week ago in a falling market. Now the coin is traded at the same mark of $1, and the capitalization of the currency is $2,758,781,678.
Vechain
Last month, Vechain cryptocurrency showed staggering growth. In early August, the blockchain project announced the introduction of technology to track the supply of medicines in China, after which the value of the token exceeded $0.014. Growth was due to another factor.
August 16, the KuCoin exchange added the opportunity to make deposits in VeChain, users were able to withdraw funds the next day. During this time, the trading volume of altcoin increased from $16 million to $85 million.
Now Vechain holds at the same mark of $0.014021. The capitalization of the cryptocurrency is $777,546,558.
Vechain is a platform for converting information, with which you can digitize almost any product, which greatly simplifies the control and verification of goods sold on the Internet. Vechain uses blockchain to provide advantages for a number of industries, solving a specific problem for each of them.
The product on the Vechain platform is assigned a unique identifier that is stored simultaneously in a blockchain and placed on a product with an NFC chip, an RFID tag, or a QR code. At any point in life of the product, you can interact with a chip, tag or code, be it a distributor or a consumer.
Waves
In early September, there was one more crypto leader, in which someone was able to make good money. Waves has experienced a 33% increase in value after the platform launched support for smart contracts. Currently, the token is traded at $2.49, the capitalization of the cryptocurrency is $249,033,125.
Also in early September, the developers of Ledger Live for Ledger Nano S added support for Waves. Integration provides full compatibility with Ledger, so all transactions with tokens released on the Waves platform will have Ledger support. In addition, these benefits will be available for users of the Waves DEX exchange. They will be able to apply their Ledger hardware wallets to confirm transactions, which will ensure the highest level of security.
Waves is a platform that is designed to enable users to store, trade, manage and release their own digital assets in a safe and easy way. For developers using Waves, the platform provides high network throughput, as well as low transaction fees and low latency. Waves allows traders to safely store their assets from their local client. At the same time, they can safely and quickly trade their assets, using a decentralized exchange that is built into the platform.