With most of the market turning green, investor attention is focused on price movement, keenly watching for signs of a rally. We all know about the top coins, most of whose value might be too high for those looking to get in for the first time.
But not all is lost, as there are still hundreds of decent projects out there that could be the next Bitcoin, Ethereum or Ripple.
Well, after going through a number of exciting projects we believe there are three coins on top of the hot list. These are NEO (NEO), Emercoin (EMC) and Bytom (BTM). Let’s look at each briefly.
NEO is a top 10 coin as ranked on XBT.net. At the time of writing, the coin is ranked 9th, with a market cap of $4.7 billion. The NEO project has been widely tipped to go all the way, possibly penetrating the top 3 in the market. What’s more exciting about this project is that it has all the fundamental input to achieve its cryptocurrency goals.
The coin traded at $73 against the US dollar in the morning, gaining over 4% in the past 24 hours and 24.34% over the 7-day period. At the time of writing, (Asian hours), its 24-hour volumes stood at $194 million.
NEO is literally on a mini-rally, outperforming peers with impressive gains of over 7%. The coin is expected to maintain the momentum and consolidate support above the $72.5 price. NEO/USD saw an upsurge of 6.7% on 18th, rising to test the $70 resistance level for the first time since it began its surge a couple of weeks ago.
The project is one of the hottest at the moment, buoyed by its hugely successful Tour of Europe and a number of promising tokens launching on its platform. Its wide visibility in China and on major exchanges is also a boast to it. If it clears the $75 level, new resistance would be at the $80 price. When this happens, and the bulls consolidate the push, NEO/USD could easily gun for the $100 before the end of the month.
Emercoin (EMC) is an interesting project that may have failed to hit the expected growth over the last few years. Built on the original Bitcoin code, the EMC developers have tweaked it with several additions to create a vastly distinct platform.
The main pillar of the platform is its Name-Value Storage that is enhanced against abuse by malicious coders. Though not well-known, the 103-ranked mineable coin has made some huge gains riding on the bullish wave in the market.
The coin has moved +17.66% in the past 24 hours to see the EMC/USD pair trading at $3.41. Quite remarkably, the coin has surged a massive 56.64% over the last 7 days to see its market capitalization grow to $142 million. The EMC/USD pair has also seen spikes in daily trading volumes to stand at $79 million (at time of writing).
This move has been aided by the listing on Upbit. The Upbit exchange is one of the largest cryptocurrency exchanges in South Korea. The coin is also traded on major exchanges around the world, meaning it has the presence to get wide adoption.
If the coin gets support above the $3.50 price level, it could be in line for a push for $4.00. The potential for further gains is expected out of the partnership with Coca-cola and the US State Department.
At the time of writing, BTM was one of the hottest projects on the market, ranking 27th on XBT.net after a rally that saw it jump +85.85% in the last 7 days. The token has a market cap of $943 million.
At a current price of $0.9258, it is the cheapest on this list. It means it holds enough incentive for entry traders. The BTM/USD pair has seen exchange worth $97 million in the morning (Asian hours).
Bytom (BTM) is a blockchain-based project whose aim is to bring together several blockchain assets into a single solution.
Though operating on the principle of interoperability, Bytom goes further by seeking to take off-chain assets on-chain through integration with digital asset layer. This is to create a bridge between the physical world and that of the blockchain.
Bytom aims at reducing the challenges of tokenizing physical assets, making it easier to trade them on blockchain platforms. It’s designed to be used entirely for issuing and trading tokens, making its prospects against other such platforms huge.
If the push seen over the last few days persists, the token could go beyond a $1 billion cap and its value could be soaring over $1.00 by the weekend.