4 Up And Coming Crypto Coins To Check Out

As of August 2018, there were about 1600 cryptocurrencies in the market. Seeing that we’re in 2019, you can bet that number has gone up quite significantly. While there are lots of crypto coins in the market, not all of them are worth investing in because many of them are simply shit coins. That being said, it doesn’t mean you should only invest in the top 10 cryptocurrencies listed in coinmarketcap.com. there are still a handful of cryptocurrencies worth watching and here are some of our picks:

Enjin Coin (ENJ)

We’ve talked about Enjin coin here. Enjin Coin offers the gaming industry a new way to manage virtual goods. Game developers can use Enjin Coin to create a currency specifically designed for their community. Assets are kept in a smart contract, which can be easily recognised by Enjin Smart Wallets. Currently, Enjin uses the Ethereal network and its ENJ tokens are in the ERC-20 format.

According to a post by Enjin’s CMO, “Enjin Coin is the Ethereum of Gaming. We are doing this because we want to fundamentally disrupt the gaming industry.” There are multiple gaming coins at the moment, such as GameCredits and Bitcrystals. That being said, Enjin Coin has shown that it is developing its technology and works towards helping developers increase games sales. Just recently, Enjin has made updates to its wallet and also launched Enjin X – an ad-free, Ethereum blockchain explorer. When investing in a crypto-coin, it’s important to look out for those that are consistent with developments and updates so you know you are investing in a product of value.

You can keep up-to-date with Enjin Coin’s developments here.

Rating
Solves real concern/ problem: 3/5
Unique: 3/5
Consistent updates: 4/5

Stellar Coin (XLM)

Stellar isn’t exactly one of the newest coins around (it started in 2014) but it has been steadily climbing its way up to be one of the top 10 coins listed in coinmarketcap.com. Stellar shares a number of similarities with Ripple. Its scalable distributed ledger technology is designed primarily to facilitate payment transactions at low costs. What sets it apart from Ripple is that Stellar’s network runs on decentralised servers, instead of being run by one single entity. Sending funds on Stellar is much like sending funds on PayPal — it allows efficient cross-border transactions.

While the trading history of XLM faced a downward trend in 2015 and 2016, prices have been skyrocketing as of late as investors’ confidence in Stellar’s technology grows. In the past year, Stellar has been working hard to grow its ecosystem in different regions throughout the world. In March 2018, they partnered with Keybase and announced plans to integrate Lightning Network into Stellar. Additionally, Stellar also obtained a Sharia compliance certification which allows it to provide financial services in areas where Islamic financing principles are required. These steps are essential for Stellar to become a viable payment system adopted on a global scale.

Rating
Solves real concern/ problem: 4/5
Unique: 3/5
Consistent updates: 3/5

SingularityNet (AGI)

SingularityNet is a decentralised platform that connects AI researchers with businesses that are keen on AI technology. Businesses often need a tailored solution for an AI project, however, due to a lack of access to data, researchers may not be able to build the specific AI solution that businesses are looking for. To bridge this gap, SingularityNet created a platform to cater to these needs.

SingularityNet’s relies on smart contracts built on the Ethereum network. On the platform, AI developers can exchange tools and services for AGI tokens or for other tools and services. When an exchange takes place, SingularityNet Agents help execute these smart contracts while having a stake in the AGI token. SingularityNet is a pretty complex project and is quite unique in the crypto space. Currency, it ranks #149 on coinmarketcap.com. With a rising interest in AI, the popularity of this coin is bound to increase.

Currently, The SingularityNet AGI token is an ERC-20 token but may eventually move out of Ethereum into its own network.

You can learn more about their updates here.

Rating
Solves real concern/ problem: 5/5
Unique: 5/5
Consistent updates: 4/5

Basic Attention Token (BAT)

BAT is a platform designed to help content creators, publishers and advertisers reach their audience. Users of the platform can donate to creators in BAT currency, and can even earn BAT rewards for themselves by watching advertisements. To protect users’ privacy while they surf the web, BAT runs only in the Brave browser which is designed to repel malicious spyware and malware. According to this report, BAT has the potential to increase its price by 200%.

Currently, BAT is testing out its platform with marketers, brands, developers, and also users. According to its blog, BAT has recently provided the first public opportunity for brands, marketers, developers to test its Brave Ads. BAT has since made tweaks to its platform based on feedback from its users and will be moving on the next phase of their testing: rewarding users for tuning in to advertisements. Through giving the public a chance to use the platform, BAT will be able to create an effective product that helps creators reach their intended audiences.  

You can learn more about their updates here.

Rating
Solves real concern/ problem: 4/5
Unique: 3/5
Consistent updates: 4/5

With so many shit coins flooding the market, it can be difficult to determine which new coins are worth investing. Before you jump right in to buy any of these coins, make sure that the token you’re investing in is solving a real problem. As usual, always do your own research before jumping in!

Read this to learn how you can kickstart your crypto-trading and investing journey.

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