If you look at all of the cryptocurrencies that have been released, (not counting the ICOs that are currently in progress and other projects that are currently in development) you’ll notice that there are literally thousands of options to choose from. Of course, in an oversaturated market such as the cryptocurrency one, there are those that are bound to fail and those that make a name for themselves. Within the ones who have managed to attract the right amount of attention and launch themselves to success, there are also two categories of coins: those who have done their job and are sitting at the top and those who are continuing to grow and fight for higher positions. In this article, we are going to review some of the cryptocurrencies and tokens that fall into the latter category that continue to make progress as they exist within the cryptocurrency ecosystem.
For a while, Litecoin seemed like it was only going to be a bit player in the cryptocurrency industry and that it would always be the silver to Bitcoin’s gold. Even in the face of some reformations in 2013, the value of the coin experienced a 100 percent increase in value, only to drop back down to the original prices that it reached prior to major updates. However, Litecoin recently made a name for itself towards the end of 2018 and has garnered the attention of more investors and enthusiasts than ever before.
The adoption of Segregated Witness and the upgrade to the Lightning Network, which improved their already fast transaction speeds, made the asset more desirable and highlighted some of its already existing advantages. These advantages, besides fast transaction speeds, included fair mining processes that were available to all users, lower transaction fees, and a team that is fully dedicated to the project and will do whatever is needed to improve the asset. Currently, there is talk of creator Charlie Lee coming back to the team and making ambitious changes to the asset. At the time of writing, the price of Litecoin is $52 and the overall market capitalization is approximately $3 billion.
XRP or Ripple
XRP, better known by the platform’s name of Ripple, has always been an asset that has stood out from the crowd. Unlike the majority of other coins and tokens that are offered, Ripple is a centralized payment system that seeks to work with major financial institutions rather than individuals in order to make cross-border payments easier and cheaper. Although it is not necessarily the most popular asset among those who only believe in decentralized assets, Ripple has become extremely popular among financial institutions and payment providers and the developers behind the platform are playing smart when it comes to making Ripple even stronger and more popular. At the moment, approximately 75 financial institutions are trying out Ripple and around 100 have signed on to give Ripple a chance. In addition, Ripple has already begun partnering and advertising with major companies such as American Express to boost their visibility and reputation. Overall, Ripple is continuing to gain momentum and displays no signs of stopping. At the time of writing, the XRP price is $0.45 and the overall market capitalization is approximately $239 million.
Given the nature of the coin and the fact that it is not towards the top of the highest-ranking coins, many would assume that Binance Coin would be likely to make this list. However, Binance Coin is one of the few cryptocurrencies to do well in 2018. This is due to two moves the Binance Coin team has made: giving discounts to Binance Coin users and encouraging users to engage in their burn campaign, making the coin more scarce and therefore more valuable. Since Binance Coin is limited to the Binance exchange, it is hard to tell where it will go from. However, Binance Coin is rising and should it continue to play things smart—we may see it go even farther. At the time of writing, Binance Coin is priced at $10 per coin and the overall market capitalization is approximately $1 billion.
The best part about the cryptocurrency industry is that assets can rise and fall. Although some may seem to be winners, those that aim to improve and do so intelligently can always climb their way to the top. These three assets are currently working in this way, and it is anticipated that we may see them making major moves in the future.