When a few weeks ago the crypto market began to fall and everyone watched rates of the top-5 cryptocurrencies, we told you about the altcoins, which weren’t in decline even in such a difficult time. Now the market has regained some positions and stabilized a little. Nevertheless, most people are watching the fate of bitcoin and several other cryptocurrencies while some altcoins fail to attract the attention of the community at all, although they should be looked at. We tell about three coins that have done extremely well last week.
IOTA
The most successful day during the past week has been for IOTA. For several times the coin showed the best growth among the top-100 cryptocurrencies according to Coinmarketcap. At the moment, the cost of IOTA is $0,717, and the capitalization is $1 993 918 988.
IOTA is a cryptocurrency developed for the Internet of Things (IoT). At the heart of its operation lies the Tangle technology, and this makes the project special. IOTA, according to its creators, has a number of advantages over blockchain in micropayments.
The basis of IOTA is the Ledger of Things, which allows participants to carry out transactions with zero commissions. The innovative Tangle registry is scalable and has a simple architecture, so it can transfer the required amount of data and carry out transactions without commissions.
The main advantage of IOTA is that it makes it easy to carry out microtransactions, since commissions usually make small money transfers too expensive. It really solves a lot of problems and opens up new opportunities for doing businesses. Using the Tangle registry, IOTA allows you to transfer data securely from one device to another. Since in Tangle data is transmitted only between authorized participants, the process is completely safe and cannot be broken.
It is estimated that in the next decade more than 50 billion devices will be connected to the Internet of Things network. In consideration of this, IOTA offers a method for conducting microtransactions between these devices. The purpose of IOTA is the ability to implement such devices with micropayments in real time, in conditions of free competition and without commissions. Therefore, for many crypto experts, IOTA is one of the most attractive instruments for investing for a long period.
Noah Coin
This week, on Wednesday August 29, Noah Coin's cryptocurrency showed a very sharp rise. At the moment, the cost of Noah Coin is $0,00235, and the capitalization is $76 870 951.
However, this is a little-known cryptocurrency, which is traded on a small number of exchanges. Let's look at it more closely. And in this case, it will also be about minimum commissions.
Noah Coin is a digital token platform Noah, whose activities are aimed at the Japanese-Filipino market. With this platform, users will be able to perform financial transactions, namely, cryptocurrency transfers with minimal commissions. The main feature of Noah Coin is its focus on the Filipinos, who, according to their duty, earn money in Japan.
Dogecoin
Recently, Dogecoin repeatedly showed a good growth performance. At the moment, the coin value is $0,003618, and the capitalization is $419 472 212.
However, this cryptocurrency was founded in 2013 literally as a joke. The symbol of altcoin is the Japanese dog Shiba Inu, which was popularized as an internet meme. For the basis of Dogecoin, its creators took the cryptocurrency Litecoin.
On December 19, 2013, Dogecoin jumped by almost 300% during the space of 72 hours. The coin rose from $0.00026 to $0.00095. This growth was due to the fact that China banned local banks from investing the yuan in the bitcoin economy. But then, of course, a sharp fall followed.
Initially, no one believed that Dogecoin would have any growth prospects. In the first year and a half, the production of cryptocurrency was uneven. Also in late 2013, $12,000 were stolen from Dogecoin. Then many participants in the crypto community thought that the altcoin could not withstand such a blow. However, the developers reacted instantly, and the stolen funds were returned to investors. And as we can see from the situation at present, the currency is still alive, and sometimes even shows the best growth performance among the top 100 cryptocurrencies.