We at CryptoBite are watching closely some interesting altcoins that the diagram is very promising. We give you some tips for you in order to have a close look and maybe some of you to invest.
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Factom is a blockchain-based system that runs on top of Bitcoin. Factom is optimized to store millions of realtime records with a single hash. Factom allows companies to create immutable database, and they store database in their own blockchain, create a hash of that data, and store it in the bitcoin blockchain.
Factom is useful for all kinds of business apps, and they have got a huge contract with more than 25 smart cities in China. They are also working with other countries to create immutable database, which will allow government to secure their data. Factom had initially raised 5.3 million dollars in its Series A funding, but the company is so appealing that private investors were compelled to increase their investment in Factom. Factom raised a total of 8 million dollars in April 2017 from various high-profile investors, including Tim Draper, Stewart Title, and Bill Gates. See more on Factom cryptocurrency here.
Dogecoin got the name ‘joke currency’ because it was meant to be funny. Well, funny it was and it continues to be with its dog meme. Since its creation in December 2013, this alternative currency has helped many people who don’t understand the technicalities of the vibrant cryptocurrency world. It is indeed the currency that anyone who wishes to learn a thing or two about alternative currency should invest in. Moreover, there is the Shiba Inu (a breed of a Japanese dog) which strives to make the environment easy and fun.Moneywise, Dogecoin cannot take the crown for being among the best performing cryptocurrencies in 2017. However, it takes the crown for being persistent and having a lively community on Reddit. Buying a Doge will cost you $0.003744 (as of December 13th, 2017). This means that for just $1, you get around 270 DOGEs. Unlike many new cryptocurrencies of 2017, this altcoin has never reached $0.005 price mark. As of 13thDecember, the market capitalization of the currency stood at $420.45 million. The Dogecoin currency (DOGE) in circulation stood at 112.31 billion DOGE.The future of DOGE currency is but bleak. There is so much passion in the community. Even after being hacked and robbed several times, the community comes together in an overwhelming way and everything is done to help keep the altcoin’s house in order. It is unlikely the DOGE will reach the $1 in 2018. However, as long as there are willing buyers and sellers in the Cryptocurrency market, this crypto will be a player to watch.
DigiNote.At the start of 2017, DigitalNote was priced at $0.000095 which was equivalent to 0.000077 BTC. Market capitalization was $531,086. On the 5th of June, the crypto benefited from a huge surge which saw its market cap reach $53 million. The price touched a high of $0.00775. Even though the price came down soon after, the crypto has since become very active in all the exchanges.This cryptocurrency had been a bit docile for the better part of its existence. However, since June 2017 it has become vibrant and the recent surge in crypto prices has taken the coin to even greater heights. The crypto’s blockchain technology deposit feature makes it stand out. The growth for the rest of the month of December, however, will be determined by the general performance of the cryptocurrency market.
Golem is built on top of the Ethereum blockchain. Golem is a project run by the group of Polish programmers. It is on track to becoming the world’s most powerful decentralised supercomputer. This supercomputer will process anything from scientific research in academia through to rendering the latest block buster movies, and once complete users will have supercomputer processing power at their fingertips.
However it does not stop there. Golem can also be used to process or mine any ‘big data’, for example identify trends in environmental changes, predict stock market movements, help assess and discover cures and better medical solutions, etc.
Its unlimited use cases is what makes the project exciting. Users earn GNT tokens by leasing unused processing power. These tokens can be re-used on the platform or traded on an exchange at the current market rate.
The technology is currently in its alpha stage. It can be downloaded and installed by anyone. Golem aims to eventually have Smartphones, huge data centres, laptops, and everything in between contributing to its ever growing cache of processing power, and with more and more processing power required everyday investing in Golem is a must for investor.
Sia is a cryptocurrency set to dramatically change the way we look at enterprise cloud storage, and the technology is no doubt set to transform data storage in the future. It has its eyes set firmly on a market currently dominated by Google, Amazon, Microsoft, and Dropbox.
Traditional cloud storage services such as DropBox upload customer’s data to a central ecosystem. The data is controlled here and thus exposed to all sorts of shady shenanigans such as personal data misuse, accidental loss, and database breaches.
With Sia your uploaded files are encrypted, broken up into tiny pieces and then spread across multiple hosts. This means superior redundancy (multiple copies of your data are securely stored across multiple hosts) ensuring data loss and snooping is no longer a problem.
What makes Sia so great is that anyone can participate and get paid for leasing their spare storage space. This is something many of us have with the price of hard drives being so low. When a host and an uploader connect a contract is formed. This contract is called a ‘smart contract’. It allows the renter to receive payments in exchange for their storage space being used.
Given SiaCoin’s potential, we strongly believe it is seriously undervalued. In fact, there are hundreds of other coins out there without a fraction of the usefulness of Sia. Read more on what is sia coin here.
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