Best Altcoins to Consider for Investment During Bearish Trends in the Crypto Market
Market volatility is inevitable when you’re dealing with projects which failed to modernize and adapt in order to meet growing social, political and economic or financial demand. On the other hand, bearish times are also the beginning of something more successful, so it’s a great time to invest. Here are the best suggestions:
0x is an open, permissionless protocol for decentralized exchange. It executes trades via Ethereum smart contracts, and it targets to be an interoperability catalyst for decentralized applications aka Dapps and liquidity pools. 0x’s protocol abstains from arbitrary costs which extract value from one group of users to offer benefits to another. 0x also integrates decentralized governance to securely incorporate protocol updates and smart contract deployment.
It’s important to note that it’s also eliminating the possibility of a protocol update invalidating open market orders. 0x powers low-friction P2P exchange of ERC-20 on the Ethereum blockchain in virtue of creating a borderless financial system across various cryptographic assets.
It’s worth keeping an eye on 0x because it allows users to place orders off-chain and it keeps transfers of value on-chain, avoiding high transaction costs. Find out more about 0x here.
DeepOnion is a hybrid crypto that implements both Proof of Stake (PoS) and the x13 Proof of Work (PoW) algorithm which is one of the most secure hashing algorithms in cryptography. The dual algorithm offers individual identity and privacy via an anonymous, stable, scalable, instantaneous and untraceable payment platform. Another reason for which you should keep an eye on this coin is its massive community and support network.
The coin’s current state could catapult it towards the top of privacy coins. You can find out more about Onion here.
Ontology is a blockchain/distributed ledger network that offers infrastructure for a P2P cross-chain, cross-application, cross-device, cross-system, and industry. It combines identity systems, data exchange, data collaboration, communities and attestation, procedure protocols and industry-specific modules for distributed scenarios. All these are mixed into a single platform.
Ontology has to publish the economic model of ONT to ONG payouts. ONG stands for Ontology Gas, and it’s ONT’s utility token that’s used for payments on the network.
Ontology recently revealed a venture capital cooperation with Sequoia China, Danhua Capital (DHVC), Matrix Partners China, and ZhenFund. All these will contribute towards application development, outreach, and incubation in hopes of building a new gen blockchain infrastructure. Read more about Ontology here.
LUXCore highlights the lack of customizable blockchain solutions for end users. It’s an open source platform, and it provides privacy, anonymity, enterprise-ready architecture, and a scalable ecosystem. LUX’s transparent roadmap has a few features that make it worth keeping an eye on: the release of cross-chain unifying bond LUXGate and testing, SegWit, mobile wallets (LUX already has a web wallet), advisor onboarding, ramped up marketing. Find out more details about LUX here.
All these projects are bringing value in their own way to the crypto market.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.