While the market has certainly been bearish in 2018, it’s a great time to place your bets on potential altcoins while they’re cheap.
Of course, many investors remain hopeful for the comeback of top currencies. But to build a diverse portfolio, there is room for predictions for lesser coins as well.
Here are three altcoins to keep an eye on in 2019
1. Bloom (BLT)
Bloom (BLT) is an Ethereum-based protocol for identity attestation, risk assessment, and credit scoring. Currently, it ranks at 416 with a market cap of of $7.7 million.
This is one of the altcoins that will use the blockchain to address some of the current problems with credit scoring. For one thing, FICO dominates almost the entire U.S. industry, which to some seems quite imbalanced. Also, in 2017, the Consumer Finance Protection Bureau found that Equifax and Transunion were misrepresenting peoples’ scores and processing fees. The CFPB ordered these firms to refund $23 million.
Identity theft is also a huge problem that can heavily damage peoples’ scores. In fact, people in developing countries have great difficulty obtaining credit ratings for loans, and the process often plummets them into serious debt.
As a proof-of-stake protocol, Bloom will verify user data using “credit staking” as an incentive. As for access, people with poor credit can bolster their scores bilaterally through family or friends. Therefore, authorities will regulate the process to make global credit much more attainable. As far as altcoins go, this is definitely one to watch.
2. TokenPay (TPAY)
TokenPay is a peer-to-peer transaction system with a native token. The company aims to show how crypto can be a superior payment method, while also offering returns. They boast low transaction fees and zero fees for merchants. Wallet-to-wallet transfers will complete within seconds.
As one of the emerging altcoins, TokenPay achieves its speed from its staking system. This requires users to simply leave their wallets open. TokenPay is also partnering with Verge (XVG) to issue a crypto credit card. Finally, recently Litecoin (LTC) also bought shares in TPAY.
Currently, TokenPay (TPAY) is ranks at 191, with a market cap of $23.5 million.
3. Ethos (ETHOS)
Ethos is a universal crypto wallet. This is one of the altcoins that aim to offer easy-access to new cryptocurrencies in particular. Although their development took some time following the ICO, they finally released their wallet app for Android and iOS last month. And they’ve forged several strong partnerships since. Most recently, they’ve become the official wallet of the blockchain-powered social media platform Mithril.
Currently, Ethos (ETHOS) is ranks at 173, with a market cap of $27.5 million.
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