It’s Alt Coin Season. Top 10 Tokens On ProBit Global
Does your wallet contain nothing but BTC?
If so, you may want to rethink your strategy.
Mark Cuban boasts a wallet with over 115 tokens, holding projects with various value propositions and target sectors. VCs such as Multicoin Capital also spread capital across multiple alts alongside BTC.
There has been incredible growth in the price of altcoins throughout 2021, so it’s no surprise that notable figures like Mark and the institutional sector have latched onto the altcoin frenzy.
Discovering a low-priced coin that you believe has the potential to explode and riding it to riches is an exciting prospect.
Following the recent sell-off, lower-priced tokens have become more attractive assets due to the potential upside. The recent broad sell-off has paved the way for altcoins to siphon market share from BTC.
So which altcoins have significant upside potential for the remainder of 2021 on ProBit Global?
Below are 10 solid projects that have the potential to grow in the coming months.
However, it is vital to remind readers that as digital currencies come with inherent volatility, diversification among numerous projects is an effective way to mitigate risk. Just as golf is a game of managing your misses, trading is the process of minimizing your losses.
In trading, you can effectively reduce risk through diversification.
Unfortunately, there is no way to reduce your 50-yard slice instantly.
*All token information is dated as of 6/30/2021 3:45 EST.
1. Ethereum (ETH/USDT)
Current Price: $2,232
Market Cap: $259,408,422,822
Market Cap Rank: 2
It is unclear where the cryptocurrency markets are heading next, but in terms of protocol fundamentals, the anticipated EIP-1559 Ethereum update could be seminal for the second-largest cryptocurrency, Ethereum.
EIP stands for “Ethereum Improvement Proposal” and EIP-1559 in particular is a key part of the upcoming London update going live in July.
This update will overhaul the fee structure currently used in the Ethereum protocol splitting gas fees into base fees and tips. Both fees will be transparent, and in addition to a tip from the sender, used fees will be burned to curb inflation.
Why is this significant?
Ethereum has been under constant scrutiny for its network congestion during high volume periods, leading to high gas fees and transactions pending for hours on end.
EIP-1559 may not thoroughly remediate this issue, but it will lay the groundwork for a fairer and more efficient network. The base fee will be adjusted to market rates, block by block, alleviating the burden on users to specify a gas option. If users want an action completed quickly, they can vouch for tipping the miner.
ProBit Global will be holding its upcoming ProBit Exclusive featuring 50% off ETH starting July 13 so capitalize on this opportunity to stock up on ETH at an attractive entry point.
2. Ethereum Classic (ETC/USDT)
Current Price: $56.11
Market Cap: $6,523,499,280
Market Cap Rank: 19
Ethereum Classic surged hard this week, spiking almost 9% on Tuesday after the development team publicly announced the “Magneto” network upgrade rollout. Magneto is inclusive of the Ethereum Berlin development, which contains several EIPs regarding gas and transaction optimization.
ETC has exploded by nearly 700% since the start of 2021 and has significant potential in the coming months especially following its breakout from a descending resistance line.
ETC was launched following a hard fork on the Ethereum blockchain in 2016 due to a $60M DAO hack which led to modifying the original Ethereum code in order to reimburse investors.
This led to a split in factions with dissenting Ethereum developers opting to hold the course on the original blockchain which eventually became Ethereum Classic.
3. Swipe (SXP/USDT)
Current Price: $1.97
Market Cap: $187,264,724
Market Cap Rank: 151
Swipe is a crypto-fiat DeFi portal that enables real-time cryptocurrency payments. Swipe wallets can be linked to Visa debit cards and a smartphone application, offering a familiar experience to conventional mobile payment solutions.
Swipe’s driving value proposition is to bridge fiat and crypto, a crucial step to enhancing cryptocurrencies’ global perceived legitimacy.
The Swipechain testnet will be rolled out on July 6 and is a core component of the Swipe network. Swipechain’s L2 will enable cross-chain trading in conjunction with Swipe Swap, an AMM which capitalizes on resources from liquidity providers.
On the technical analysis front, SXP has stabilized near the $1.65 horizontal support since May 27 but could see an uptick soon to a $3.60 resistance.
Swipechain is a fork of THORChain, the next token on our list.
4. THORChain (RUNE/USDT)
Current Price: $6.58
Market Cap: $1,539,386,554
Market Cap Rank: 56
THORChain is a decentralized cross-chain liquidity protocol based on Tendermint and Cosmos-SDK. THORChain gives users the ability to swap freely across chains, eliciting new levels of interoperable blockchain communications.
THORChain has had numerous developments recently including the announcement of THORName service, which enables the network to create and distribute an extensible naming system for cross-chain wallet addresses.
THORStarter, the liquidity relayer and IDO platform for THORChains, recently raised $1.5 million in funding. THORStarter was created to act as a horizontal layer and to become the primary swapping platform for THORChain.
5. Smart Key (SKEY/USDT)
Current Price: $0.1776
Market Cap: $32,265,641
Market Cap Rank: 497
SKEY launched on a grand scale with one of the highest-grossing IEO on ProBit Global, finishing their campaign with $1.5M in capital secured. Trading on secondary markets injected further price appreciation with the token reaching highs of 0.56 USDT.
Smart Key is a platform that meshes DeFi with tangible objects housed in the real-world and has expanded its ability beyond public companies and into government emergency services to save lives.
The project made headlines last year for its integration in Olsztyn, Poland, enabling emergency response teams including firefighters, ambulances, and police to enter any section of a close district without a keyholder or permission.
Supporters of the SmartKey project are committed to its development and believe it has what it takes to ride its way to the top 10 in market share.
Factors such as low levels of competition in its niche, a growing community, and the recent release of its long-awaited SmartKey whitepaper update make SKEY an addition to the list.
6. Pundi X (PUNDIX/USDT)
Current Price: $1.09
Market Cap: $282,458,193
Market Cap Rank: 228
Across the globe, the number of businesses leveraging Pundi X as a payment solution is snowballing. Pundi X offers blockchain-based point-of-sale (POS) solutions and has worked tirelessly to nurture strong government and corporate relationships.
Since its conception, it has released numerous winning projects, including XPASS, XPOS, BOB, and XWallet.
Preceding token burns have totaled $50 million in value, framing the upcoming burn on July 17 as a promising development with the resulting deflationary pressure.
7. Neo (NEO/USDT)
Current Price: $35.63
Market Cap: $2,533,291,928
Market Cap Rank: 39
The Neo blockchain operates similar to the Ethereum Network and has racked up a successful string of updates over the last year. Some of these include a Built-in oracle, Neo Name Service domain protocol, On-chain governance, and more.
The full NEO N3 MainNet will launch in Q3 2021 and is a widely anticipated development.
Why is Neo launching a new chain if they have already rolled out numerous updates?
Some updates, including the removal of UTXO assets in favor of an account model, lack compatibility with the legacy version of Neo. The developers must release a new chain to keep the protocol developing and scaling effectively.
N3 has the potential to become the first all-encompassing blockchain development experience.
8. Compound (COMP/USDT)
Current Price: $307.93
Market Cap: $1,644,699,631
Market Cap Rank: 54
Are you tired of inactive cryptocurrencies sitting idle in your wallet? Looking for a way to capitalize on your assets during market downturns and volatility?
Compound is a DeFi protocol that facilitates lending pools. Compound pools enable users to lend tokens to other users who borrow at algorithmically set interest rates determined by supply and demand.
Compounds long-term growth potential lies in its capabilities to unlock new business models for the Ethereum protocol.
Despite the recent bearish momentum, Compound’s value proposition is strong and given the right entry moment and bullish technical indicators, is one of the leading DeFi projects to watch.
9. Nano (NANO/USDT)
Current Price: $5.14
Market Cap: $683,042,065
Market Cap Rank: 87
Nano blockchain is an eco-friendly crypto network that was recently propelled over 10% due to the sudden widespread interest in green crypto projects. Nano is not reliant on mining, printing, or minting, fostering a smaller carbon footprint relative to more prominent cryptocurrencies.
A core aspect Nano supporters often latch onto is its high transaction throughput while utilizing little resources. NANO is optimally positioned with solid fundamentals to ride the current wave of traders turning to eco-friendly protocols.
10. Waves (WAVES/USDT)
Current Price: $16.58
Market Cap: $1,790,394,903
Market Cap Rank: 51
The Waves blockchain enables users to create and launch custom crypto tokens without complicated smart contract programming. Tokens are managed using scripts that run within user accounts on the Waves blockchain.
The overarching idea of the platform is that new token developments should mirror the launching of a traditional web application. Towards this end, all goals, programs, and applications will run as attachments to these transactions, and new assets are given identifiers.
Like Nano and other PoS protocols, cryptocurrency traders have recognized the Waves blockchain for its relatively low energy consumption vs BTC and ETH.
Waves recently set a new ATH then fell sharply to a support line but this development turned out to be a one-off deviation. Current technical indicators have analysts pointing to a short-term bullish divergence.
