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Hi,
As per the recent boom in the crypto currency world, people are flocking to get the lion share in various crypto currencies. In last two months the value of the most traded crypto currencies Bitcoin and Ethereum has skyrocketed to it highest extent than ever. As the value of these virtual currencies increased, it is getting difficult for people to riding the train in order to utilize the maximum profitable moment of the year. Still some people are betting on Bitcoin and ethreum for long term , as they might be the horse of long run and can be more profitable ,because the technologies and potential these currencies carry.
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But here is the deal. Still there are plenty of crypto currencies flying around beside Bitcoin and Ethereum, which have potential to become next Bitcoin. Ripple , steem and golem are the three main virtual coins, as they are unique and carries a whole lot of features in their own domain. These features and technologies stand them out and measure their ability, to change the definition, that what is happening around in the traditional world.
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Ripple(XRP)-Ripple network is a technology created by ripple labs inc., which allows banks to transfer, exchange or sent remittance, between one place to another is just matters of seconds with minimum transfer fee. It is more of a payment protocol, than a crypto currency. It is backed by world's leading banks and the commercial use of ripple brings huge potential in banking and financial world. XRP is the virtual currency used by ripple network. At the current time, one XRP fluctuates between $0.25 to $0.30.Having all these great features makes ripple to a great invest for longer run in an affordable price. There are around 100 billion dollars of XRP's created by ripple labs. out of 100 billion only 35 percent are in circulation and rest 55 percent owned by Ripple labs inc. . Having control over majority of holding in ripple by its creater company is the only cons with ripple, as they have more control over volatility and demand & supply. Overall XRP has a bright future, which can give good amount of returns to long terms investors.
Steem- steem is an another crypto currency, which drive it's value with social media and blogging site steemit, where people can post, share information in a form of blogging. It is similar to reddit but the only and most important difference is that, it rewards people with its own currency powered ecosystem called steem, steemit, and steempower. People can post and comment, the information and get paid in steemdollar,when they get up voted by other people within steemit. Steemdollar is pegged with US dollar. Steem is the currency, used to reward people for their blogging in real world.
Steempower is an another form of steem, which helps user to increase there power of up voting rewards, in a particular up vote. Steempower and steemdollar are currency of steemit ecosystem and by changing steempower and steemdollar into steem, people can be rewarded for their work in real world. as the trend of social media is increasing day by day and billions of people are sharing information in today's world.
Steem ability to reward people in form of money, for sharing information in social world makes it unique and shows the upcoming potential of tremendous growth it can accomplish. all these great capability of turning social world for rewarding people, makes this crypto currency investor favorite for long run. currently it is trading at around 1.78$ in various exchanges across the world and it has enormous potential to go upside.
In a nutshell, still there are some of these currencies available for long term investors to catch the trend, which are available at reasonable prices, but there growth opportunities in future are tremendous and can help to build a profitable crypto portfolio.
Thanks!!!!!
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Good points in this article. Good to see I'm not the only one that is thinking about this. The coin market will be turbulent for the upcoming year(s) but I really believe in it. We really need more insights in the market and previous investment results. Personally I always use: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there.