Reddcoin (RDD) And 4 Other Coins Under $1 That Will Moon
This article goes out to the treasure hunters on coinmarketcap.com. The traders that browse through the listings looking for a gem of a coin and token that no one else has discovered.
Well, I have also being doing my digging and I have found 5 coins under $1 worth considering as we trod along a bearish market in the early days of 2018. These coins are Reddcoin (RDD), Loopring (LRC), Chainlink (LNK), Syscoin (SYS) and Bytom (BTM).
Reddcoin (RDD – $0.011)
Reddcoin is a decentralized social currency that has a goal of enriching people’s lives by making digital currency easy for the regular guys. It does this by integrating a cryptocurrency platform with all major social networks.
By doing so, it smoothens the peer-to-peer transfer of funds between users on the social networks.
With the users of Facebook currently estimated at 2 Billion, one can only marvel at the possibilities of such a cryptocurrency being fused with every social media platform out there.
The global population is estimated to being around 7.6 Billion. If half were to be connected to a social media platform and Reddcoin the preferred coin of money transfer, then it is surely a moon landing. Reddcoin has already done an average 40% in the last one week.
Loopring (LRC – $0.674)
Loopring is a token, a protocol and also a decentralized automated execution system that trades across the crypto-token exchanges. It shields users from counterparty risk and reducing the cost of trading.
It does this by allowing users to have their tokens in their addresses during trading rather than in an exchange. Once orders are submitted, Loopring takes care of the rest of the trade and protecting the user from exchange hackings and DDOS attacks.
This is revolutionary and a breath of fresh air for traders who are always worried about centralized exchanges being hacked. As the Loopring protocol becomes more and more accepted, the price of the token will surely go up.
Chainlink (LNK – $0.687)
Chainlink is a blockchain middleware that allows smart contracts to access key off-chain resources like date feeds, various web APIs and the traditional bank account payments.
As the name suggests, it can link all these applications and resources for the user to ease real-world agreements and where payments need to be made quickly and efficiently.
Consider Chainlink as the protocol connecting the various digital presences of a user without the user doing all the heavy lifting.
With a total supply of 1 Billion LNK and 350 Million in circulation, one can easily see an increase in token value as demand goes up. It is only a matter of time till we reach $1.
Syscoin (SYS – $0.62)
Syscoin is one of a kind cryptocurrency that offers very cheap transactions and provides businesses with the infrastructure to trade goods, assets, digital certificates and date in a secure way.
It aims to attract all business types including the regular online businesses to the mom and pop shops. Its vision is in line with Satoshi Nakamoto’s vision of having a decentralized marketplace on the blockchain.
It is with such a premise that it is only a matter of time before the coin moons. The coin’s circulating supply is low: 531 Million and has the potential to WOW us! 531 Million is very low when compared with 39 Billion Ripple (XRP) coins in circulation.
Bytom (BTM – $0.343)
Bytom also has a low token circulation of 987 Million. This is if you compare it with heavyweights such as Tron (TRX) with 65 Billion tokes in circulation.
Bytom is an interactive protocol of multiple byte assets that operate in different forms on the Bytom blockchain.
There are also atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information in the physical world) that can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom.
Zeroing in on the gambling aspect of Bytom, one gets excited about the possibilities of decentralized gambling and the money to be made.
In summary, and in a nutshell, there is a bunch of gems in the form of coins and tokens that are not in the top ten. One just needs to sit down and research their goals and objectives as outlined in their white papers.
Once you do that, you will probably come up with more exciting coins such as Reddcoin (RDD), Loopring (LRC), Chainlink (LNK), Syscoin (SYS) and Bytom (BTM).