This week, the сryptocurrency market capitalization fell below $200 billion for the first time this year, having lost more than 70% in seven months. The cost of bitcoin (Bitcoin), ethereum (ETH/USD) and other major altcoins has fallen. The rate of the first cryptocurrency fell by 5%, falling below the $6,000 mark for the first time since the end of June.
Today the situation on the crypto market has slightly stabilized. At the moment, bitcoin and the main altcoins are traded in the green zone. Experts believe that before the end of this week, the price of bitcoin may drop to $5,900. On the other hand, the course of the main cryptocurrency can also skyrocket at any time, as it was in the second half of 2017.
But while all our attention is focused on bitcoin and ethereum, we forgot about some altcoins. Meanwhile, more than 1,600 coins are on the market. New investors are interested in bitcoin, but altcoins can become a faster way of earning because of their higher volatility. These are the coins you could earn this week:
Stellar
All these days the token tried to outrun EOS (EOS/USD) by capitalization. And for several times the Stellar succeeded. The altcoin climbed to the fifth place in the list of the largest digital money, but then retreated back to the sixth place.
According to the creators of the Stellar platform, their goal is to expand access to cheap financial services to fight poverty and to unlock the individual potential of people. Usually Stellar Lumens is compared to Ripple (XRP/USD). Programmer Jed McCaleb himself stood at the origins of Ripple Labs. However, in 2014 he left the project. McCaleb was dissatisfied with the high centralization of the Ripple network. He believed that the promising idea turned into a commercial project focused on banks, payment systems and corporations.
He launched an alternative project based on the same protocol, but without the critical shortcomings of his older brother. The main differences from ripple are the decentralization and focus on helping people in developing and third world countries, non-profit organizations and small businesses. In 2015, Stellar was transferred to its own open source protocol. When it was developed, some serious shortcomings of ripple were fixed.
It was this token that felt pretty confident this week. At the moment, the capitalization of the crypto currency is $4,148154730, the token is traded at around $0.22.
TenX
For several times the highest growth among the top-100 cryptocurrencies was shown by the altcoin TenX. The TenX (PAY) project is a Singaporean payment company that wants to make use of cryptocurrency, which is as easy and affordable as using fiat currencies. To do this, they use plastic cards that have approved VISA and MasterCard payment systems.
When calculating by a TenX card, the payment system recounts the сryptocurrency in dollars and gives the necessary amount to the seller. Accordingly, the same amount is written off from the wallet. In the future, the company plans to introduce a payment function via the NFC module into the mobile wallet. That is, you can pay for goods and services using a smartphone.
Users pay one of the lowest commissions when using a TenX card, besides they have the right to directly store the cryptocurrency on the card, and not its equivalent in dollars. The TenX project proves that cryptocurrencies will enter our life faster than it seems. And the company is trying to bring this moment closer.
At the moment, the capitalization of the cryptocurrency is $72,474,854, altcoin is trading at $ 0.66.
Nano
Today on August 15, the Nano cryptocurrency shows a good growth. Nano (previously RaiBlocks) is characterized by a low transaction processing delay and does not require trust between counterparties. It relies on an architecture in which each account has its own blockchain.
Each account has its own blockchain with the record of transactions and the current balance. It can only be updated by the owner, which means that it happens asynchronously and instantly, and transactions are processed quickly. Since blocks are added by each of the parties, a transfer record requires two transactions instead of one. The sender records the fact of sending, and the receiver of the reception.
Nano provides users with unlimited scalability and instant processing of transactions, and there are no commissions in the system. This is made possible by the minimum resources required for the network.
At the moment, the capitalization of the cryptocurrency is $162,770,294, altcoin is trading at around $1.22.