Uncovering Hidden Gems: Pundi X (NPXS), Augur (REP), Nexo (NEXO), Binance Coin (BNB)
Sifting through the hundreds of cryptocurrency projects looking for the next Ethereum or NEO or Monero isn't an easy task.
Sifting through the hundreds of cryptocurrency projects looking for the next Ethereum or NEO or Monero isn’t an easy task.
All these are coins that were once so cheap but have since skyrocketed. Nevertheless, concerted effort and careful examination of projects’ whitepapers, technology, and team, can help unearth the next big hitter. Here are four such coins that you should definitely be having a serious look at.
Pundi X (NPXS)
Pundi X (NPXS) is a cryptocurrency platform that seeks to transform how the ordinary people buy and sell cryptocurrency. It targets making it easy for retail stores to buy cryptocurrency using local fiat, bank card, or mobile wallet.
As the market teetered today, NPXS defied sentiment to grow more than 47% against USD and about 45% against BTC. The token has gained a huge 69% in the last 7 days. At the current price of $0.007409, NPXS is attractively priced for low entry investors.
The price jump was occasioned by a monumental partnership between it and Qtum. Pundi X hopes to integrate Qtum in the more than 4,000 point-of-sale devices it plans to ship globally. Apart from allowing you to buy crypto and sell it so easily, the platform also runs a reward program.
Pundi X plans to give rewards to retailers who play a big role in bringing more customers to its Pundi XPOS stores. Participating customers are also eligible to get free NPXS that can be redeemed at the same store.
Redeemable tokens will derive value from the current market price. With partnerships with such heavyweights as Qtum, NEM, Fintech Indonesia, and Stellar, Pundi X is a real gem.
The REP token is one token many investors haven’t taken note of, even though it represents a great investment opportunity. The token trades at $52.37 against the USD, having surged by +25% in the last 24 hours. It has also surged +34% over the last 7 days making it one of the hottest coins this week.
Augur is among the very first dApps that came off the Ethereum blockchain via an ICO. Its token REP is for Reputation. The platform seeks to tap into the ever-expanding and increasing popular predictions and betting industry. Users on the platform are allowed to vote or make a predictable outcome for any event around the world.
Rewards in REP tokens are given to correct outcomes while wrong outcomes lead to loss of the tokens from a users account. Because of the fact that it’s so easy for one to participate, the platform is likely to experience exponential growth.
Furthermore, the range of usability can be expanded to cover expansive areas where it’s possible to stake a prediction of either outcome. If you are looking for a token with the potential to grow 100% in 2018, have a look at Augur (REP).
NEXO is currently ranked 87th on XBT.net coin ranking but will climb up the charts quickly due to its super price gain. Trading at $0.3952 against the USD, the token has surged by +31% in the last 24 hours. However, it’s its price movement over the last 7 days that is attracting a lot of attention. The token is trading over 120% higher compared to its price 7 days ago; the reason to check it out.
Nexo is a cryptocurrency start-up that seeks to make it super easy for investors in cryptocurrency to access crypto-backed loans. The platform has some solid names behind it, including Techcrunch founder Michael Arrington. Thus is holds some credibility. On this platform, users can access loans or credit but still keep 100% of their crypto assets.
The ease with which individuals can obtain the loan facility will be a big boost to the platform, in the end positively impacting its NEXO token. The platform offers all that without charging any extra fees or hiding it within a myriad of paperwork. The users are also not exposed to any capital gains or credit checks. Being one of the newest tokens, expect its value to skyrocket within the next few months.
Binance Coin (BNB)
Binance Coin is again surging after appearing to waver in the last few days. The coin is trading at +5.80% higher against the US dollar today compared to its value the previous day. The token is trading at $13.86 compared to its price of $13.53. However, that’s down on its value on May 3, 2018, when it traded at $14.65.
The token has also dropped out of the top 20 coins and currently ranks 21st. Even though its 7-day price movement is still in the red at -1.77%, all indications are that it could quickly turn green given the current upsurge.
BNB is a coin issued by the cryptocurrency exchange Binance. Though a different entity, its growth is expected to mirror that of the exchange platform due to a number of things. First, it’s the able team behind the coin led by Binance CEO Changpeng Zhao. There is also the aspect of the brand name where Binance commands a lot of attention as one of the largest exchanges in the world.
It’s also getting listed or paired with so many crypto assets, exposing it to the market and possible value growth out of demand. Finally, the token may benefit from the numerous partnerships agreed by the parent company, as well as the scheduled coin burns. It’s one of those coins that could eventually break above the top market with high-value gains.