According to coinmarketcap, there are more than 2000 cryptocurrency projects at the moment. The list includes coins with huge market cap and popularity such as Bitcoin and those down on the list with market caps that totals to barely a million dollar. Here we shall review the top 10 small market cap cryptocurrencies to watch closely in 2019.
Stellar Lumens (XLM)
Stellar is the cryptocurrency platform where Lumens reside. The platform was created by American Programmer Jed McCaleb in July 31, 2014. Jed launched the cryptocurrency alongside co-founder Joyce Kim a branch of Ripple systems. Stellar Lumens first worked on the eponymous protocol. Stellar lumens is built on the Byzantine consensus algorithm.
Many people within the cryptocurrency community think as Ripple takes the banking industry, Stellar Lumens takes the rest of the market. The cryptocurrency is useful for payments of Remittance across the globe. The network also implements lightning network technology for transaction processing.
Stellar Lumens has a market cap of $2.19 Billion is currently stood at number six on the list of 10 cryptocurrencies globally. The cryptocurrency XLM is the underlying token used for every transaction in the Stellar ecosystem. Currently, XLM has a value of $0.114505.
Among the most important recent achievement within the Stellar ecosystem is the partnership with the Leading technology giant IBM. IBM is using the Stellar network to give more transparency into their payment structure. Certainly, the most important achievement of the Stellar ecosystem is the lightning speed of its transactions.
Ethereum Classic (ETC)
Ethereum classic forked from the main Ethereum network on July 30, 2015. The cryptocurrency survives on the fact that Ethereum is moving towards a proof of stake system. The cryptocurrency recently started trading at Coinbase and a couple of other cryptocurrency exchange platforms. ETC is based on the proof of work algorithm for consensus.
This is a good sign that Ethereum classic will be here to stay for some time making it a good asset to invest in this year. According to coinmarketcap ETC has a market cap of just $563.17 M and the current value is $5.25 per token.
Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. Like Bitcoin, Zcash has a fixed total supply of 21 million units. ZEC was first released on October 28, 2016. Zooko Wilcox ZCash creator recently faced criticism over his $300,000 a month reward for his role in creating the cryptocurrency.
ZEC is currently among the most secure and most anonymous cryptocurrency on the planet. ZEC is the most secure and sought out token by people who want their transaction history to remain private. However, the value of ZEC will rise as more people with requirements to hide their transaction increases their demand.
With a market cap of $325.84 M ZEC stands at number 20 of the coinmarketcap rating. The cryptocurrency values at $58.37 and has a steady value with an averagely stable price.
EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware with the computing resources distributed equally among EOS cryptocurrency holders. Daniel Larimer and Brendan Blumer originally authored the project. The protocol is currently still under development about a year after its initial release of January 31, 2018.
Another great cryptocurrency on this list is EOS. This cryptocurrency has a market cap valued at $2.41 B and currently trades for $2.66. EOS is comparable to Ethereum. However, EOS is faster than Ethereum and has huge support. EOS already successfully went through token sales and has a huge potential ahead of it.
Basic Attention Token (BAT)
The Brave Browser creator Brendan Eich created BAT. Basic Attention Token held an initial coin offering on May 31, 2017, for its ERC-20 token, raising approximately $35M USD at the time.
Basic Attention Token is a unit of account between advertisers, publishers, and users. The cryptocurrency works most efficiently with the brave browser which intergrates the token into its source code. BAT has a market of $161,380,997 USD and currently trades for $0.132096 USD.
BAT came into existence by a team of highly regarding people with a lot of experience in the tech world. The BAT token is a unit of account between advertisers, publishers, and users. The browser secure with an end to end encryption that enables it to repel malware and protect the privacy of users while they surf the web.
Binance Coin (BNB)
The cryptocurrency exchange platform Binance issued its own cryptocurrency token Binance Coin (BND). According to Binance, the token issued on 2017-07-08 with a value of $0.15 at the time. The BND token has a market cap of $787,455,872 USD and the current rate is $6.02 USD. BNB runs entirely on the Ethereum Blockchain and uses the ERC20 token standard. Binance issued 200 million BNB tokens at the time of issue. According to its Whitepaper, Binance plans to use 20% of profits from the token to buy back and burn BNB tokens. The platform says it will burn up 100 million BNB tokens, a move expected to increase the token price.
Tron is among some of the most rapidly developing cryptocurrencies on the market. Also, it was created by Justin Sun in september 2017. The platform recently purchased the file-sharing network BitTorrent and aims to develop a bigger torrenting network in the future. Eventually, Tron gets to build on the ERC20 tokens platform and launched its main net a few years ago.
The platform recently reached 300,000 accounts and we believe it will continue to grow and rise in 2019. Also, Tron has a market cap of $1,299,738,805 USD and has a selling price of $0.019505 USD.
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. The platform was created by Lon Wong the founder of Founder, ProximaX Ltd. The New Economy Movement (NEM) is a Smart Asset System that allows businesses to build off of their platform. NEM is much or less like Ethereum since both platforms allow others to build applications based on them. The XEM token has a market cap of $589,296,063 USD and currently trades for $0.065477 USD.
0x is an open protocol that offers a decentralized exchange as part of the Ethereum blockchain. This is also applicable using a protocol that involves Ethereum smart contacts that allow those around the world to run a decentralized exchange. The co-founders of 0x are Will Warren and Amir Bandeali, the first of which is the CEO and the second of which is the CTO.
The 0x protocol is the base for major decentralizing exchanges, an open-source protocol that allows ERC20 tokens to trade directly on the Ethereum Blockchain. 0x is a promising investment with a roadmap through several libraries make it easy for new developers to get in.
Recently Coinbase shared on a blog post it is considering listing the token on its platform. The cryptocurrency has a market cap of $179,035,183 USD and currently sells for $0.324003 USD.
Mike Kayamori found QASH, and he also acts as its CEO and Co-founder at QUOINE. It was live on early 2014 although the company concluded its ICO in the last Quater of 2017. Also, QASH is basically for the retail community and institutional investors. The cryptocurrency allows easy exchange between ETC/BTC. The LIQUID exchange platform combines all major exchanges to trade altcoins. QASH has a market cap of $41,190,378 USD and currently trades for $0.117687 USD.
There are over two thousand promising cryptocurrencies out there but we could only cover a few. In case we missed any other promising cryptocurrency do not hesitate to share it with us in the comment section below.
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