Dear Steemit Friend,
On my previous post I wrote The 7 Golden Rules of Cryprocurrency Trading (https://steemit.com/cryptocurrency/@redstrawberry/the-7-golden-rules-of-cryptocurrency-trading), Point no. 4 is cryptocurrency demand is based on services and feature offered. I would like to share my analysis before I made decision to trade cryptocurrency.
Most of trader I know buy cryptocurrency on exchange without know the feature, they do not read whitepaper, they even do not try the wallet. Some of them is still profitable but to maximize profit you have to know what you are doing. Warren Buffet said “Risk comes from not knowing what you're doing”
Platform or wallet developed by cryptocurrency creator can tell many things. It can be decision support factor whether you will trade cryptocurrency or not. Feature written on cryptocurrency website is always perfect and great but when you try their platform you will know that many feature does not work or even very difficult to install it.
One of my favourite feature is “Cryptocurrency Platform for Issuing Cryptocurrency”. When cryptocurrency platform able to issue other cryptocurrency many developer will have interest to use it as parent platform, they do not need to create wallet, they do not need to build infrastructure, they can create cryptocurrency or token soon and launch it. When you buy cryptocurrency which able to issue cryptocurrency you will have bigger chance that it will be more popular than standalone platform. The reason is many developer will explore its functionality and attract more people to use it.
There are few cryptocurrency platform for issuing cryptocurrency. I am going to explore Ethereum, Neo, NXT/IGNIS and Waves.
1. Ethereum
Ethereum is first cryptocurrency for issuing cryptocurrency and the most popular compare to Neo, Wave and NXT. There are 79637 token has been created under ERC 20 Ethereum. You can visit here https://etherscan.io/tokens?sort=percent_change_24h&order=desc. When token developer issue new token they have to buy ethereum. That is why ethereum demand will never end. EOS, Golem, Vechain is example of fantastic growth. Many tokens depend on Ethereum. Ethereum’s market capital is $69 billion, but when when we add market capital ethereum token, the market capital is more than $100 billion. Due to huge market capital, ethereum price movement cannot rise compare to new cryptocurrency launched but if you want to invest in long term, ethereum is a good choice.
2. Neo
There are 44 cryptocurrency/token issued under Neo platform. You can visit here https://neotracker.io/browse/asset/1. Ontology (ONT) is one of the most popular cyrptocurrency issued under Neo platform.
Neo has feature to buy token inside its platform, make developer sell their token easily. Neo has $ 5 billion market capital. Neo could grow higher since they have huge natural market in China.
3. NXT/IGNIS
NXT and IGNIS is developed by same company. I’ve got many error during installation NXT platform.
It has lightweight platorm but it is very difficult to login to their platform even I connected through broadband internet connection. Due to that reason I do not make any NXT trading. NXT has exchange platform for NXT token and NXT but liquidity is very low.
4. Waves
Waves has many feature compare to other cryptocurrency above.
Waves’s features :
- Issuing cryptocurrency
- Decentralized Exchange Platform
- You can exchange bitcoin for litecoin or others
- Cryptocurrency wallet (Bitcoin, Ethereum, Litecoin, Zcash, Bitcoin Cash, Dash)
- Fiat exchange for verified user
- Online wallet
Currently Market Capital of Waves is 735 Million, with its functionality mentioned above it could grow more.
I hope what I have shared can help you to make analysis before decide the best cryptocurrency for you.
Thanks for the informative post :)
You missed Ark, also Stellar is going to support smart contracts very soon...
smts will outpreform any other platform
WAVES is my favorite!
Hi @redstrawberry, thank you for your post but i think Waves platform is most userfriendly of all you mentioned, thats why i started company coins into there, do you have some example of running Ico on Waves?
Thanks for posting
I'm heavily invested in Neo and EOS. Also ZenCash which is a privacy coin that is planning on implementing smart contracts.
Agree ark should be listed
and much more...
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nice post though u missed a lot of valid points.
I'm not the same person. On the contrary . In technical terms, I have different explanations as well as interpretations. I am honoring your information for beginners. But things are very simple
At least for now. Btc is made to be a currency, and ETH is not too large, it is a huge platform. Inadequately developed and quite confusing. But definitely extremely confusing for ordinary people. The issue of decentralization is key in the crypto story. If it all depends on Vitalika. Then decentralization is under question ? As Charlie Lee sells all the ltc. That's what he says... Things are not that simple. And let's not forget everything is on a blockchain open source, so each technology can be downloaded and applied to Btc. Because it is the only first and has max suplay. While others, and if they have no purpose in the long run, because the current currency already exists.
Greetings
WSJ: Telegram Cancels Plans To Launch Public ICO
https://coinpredictioncap.com/wsj-telegram-cancels-plans-to-launch-public-ico/
your selection on the coins is good because these all are having a great future & will be moon in future for sure.
I think you need to understand the difference between trading and investing. Warren buffet is by no means a trader. He is probably the greatest investor the world will ever see.
Great news
Stay with me, support me
Great post. I'm very interested in Waves. I'd also love to see you post something on Stellar. I think they're a sleeping giant right now. They barely market but are preparing to scale in a way that screams a major announcement may be looming.
Great article, thanks for sharing. I've smashed the upvote button for you!
Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
Thanks @georgeforeham for your information
Yes,they create their own platform. This four coin future market is good I think because their system to good.
Great write up! Trade like a Business! Financial freedom one of the most important thing in life to live. trade helps one to gain financial freedom. In our life trade plays an important role for gaining financial freedom.
I found this very interesting and easy to understand as I’m trying to get my head around all this new information and absorb it! Thankyou
Interesting read I never really paid much attention to waves or nxt but I’ll have a look at then more closely from now on! Smart contract and dapp platforms are just all the rage and while they do provide a service for easy funding I do feel it’s being abused at this point in time! I really like what NEO is doing in combination with ontology in trying to build a more trusted network for these types of ventures
Also What do you think about about Stellar Lumens and EOS? There have been a few ICOs build on their platforms too
Thanks for good article, follow me on @imangwi , i have a lot of news about cryptocurrency for you🌹🌹
A good topic about digital currencies and their latest news
well a worth reading, Thanks for sharing, keep sharing the informative content as you do :)
Good article..How about steem? any future?
Hello! Good article! I'm interested in the them of ICO and crypto-currency, I'll subscribe to your channel. I hope you will also like my content and reviews of the most profitable bounties and ICO, subscribe to me @toni.crypto
There will be a lot of interesting!
The cryptocurrency is governed by a set of rules that no person can double, digital money is a good way to preserve the privacy of people online. We have decided to put our money and our faith in a mathematical structure that is free from human failures. or politicians. Bitcoin not only comes to radically transform the currency. It will also do the same with corporations, macroeconomics, nation-states and the Internet.
I liked that phrase the risk comes when you do not know what you're doing thanks for your excellent post ...
Thanks @covapalm, thanks for sending me SBD
Thank u! Upvoted your post! :)