Over the past year, due to the fall of the cryptocurrency market, the popularity of cryptocurrencies has decreased, but this does not prevent new players from appearing on the cryptocurrency market. And that is why the number of cryptocurrencies is growing more and more every year. But not all newly created cryptocurrencies manage to become attractive to investors; some remain unclaimed. However, there are cryptocurrencies that, although they appeared on the market last year, were nevertheless able to break into the TOP 50 cryptocurrencies by market capitalization.
The list of leading newcomers includes the following coins:Bitcoin SV, USD Coin, VeChain, Ontology, TrueUSD, Holo, Zilliqa, Paxos Standard Token, Pundi X, Gemini Dollar. The listed cryptocurrencies account for 2.6% of the total capitalization of crypto coins, 2.8% of the total capitalization of the TOP 50 cryptocurrencies and 5.6% of the total value of altcoins. Let us consider in a little more detail what these altcoins are.
Bitcoin SV (BSV)
BSV is the result of a fork in the Bitcoin Cash network and the project team's desire to preserve the main idea of the creator of Bitcoin Satoshi Nakamoto. The authors of the project assure that for miners and institutional investors they will provide low transaction costs, while the level of security and scaling will be top-notch. A total of 21 million BSV is planned to be issued. The Bitcoin SV coin appeared on crypto exchanges on November 9, and at the moment 17 million 623,223 coins are already in circulation. At the time of writing, the BSV cryptocurrency is in 11th place in the cryptocurrency ranking and has a value of $62.93 or 0.017287 BTC.
USD Coin (USDC)
USDC is a stablecoin, that is, a coin whose price is pegged to the value of a fiat currency. In our case, the coin is pegged to the US dollar. The value of the coin does not change during the rises and falls of the crypto market; even fluctuations in the bitcoin exchange rate do not affect it.
The developers plan to issue 341,659,866 USDC; at the moment 244 million 415,082 coins are in circulation. According to the developers' plan, the emission ceiling is 341,659,866 USDC. The coin appeared on cryptocurrency exchanges on October 8, and at the moment USD Coin has grown its capitalization to 306.53 million dollars and is located in 23rd place in the TOP 50 and has a value of 1.01 or 0.008221 ETH.
VeChain (VET)
VET is the cryptocurrency of the VeChain project, which has combined a system developed on the basis of distributed ledgers and Internet of Things technology. The developers pursued the goal of making the processes of collecting, managing and exchanging information simpler and more convenient. VeChain can be used in property authentication. The coin appeared on crypto exchanges on August 3 of last year. The coin owners asked 0.015041 dollars for one VET. By now, the value of the cryptocurrency has fallen to 0.004021 dollars. However, in terms of capitalization, which is 223.01 million dollars, the coin is in 25th place. 55,454,734,800 VET are in circulation; the maximum emission threshold is set at 86,712,634,466 coins.
Ontology (ONT)
The Ontology project team announces the creation of a platform that will be able to connect the digital world with the real one by introducing distributed ledger technology in enterprises of various orientations. In turn, the Ontology platform itself is connected with large blockchain platforms. The ONT token was launched on crypto exchanges on March 8, 2018. During the analyzed period (from launch on the exchanges to the present moment), the value of the token has decreased from 2.62 dollars to about 0.60 dollars. Now the ONT token is in 26th place in the TOP 50 with a token price of 0.661124 dollars and a capitalization of 214.39 million dollars or 0.000182 BTC.
TrueUSD (TUSD)
TUSD is another stablecoin. The project team is pursuing the ambitious goal of becoming the main digital stable quoter. The coin landed on cryptocurrency exchanges on March 6, 2018. Its value fluctuates between 0.97 dollars and 1.01 dollars. Almost 208 million TUSD are in circulation; no emission limit has been set. The total value of all TUSD is 210.53 million dollars. Now TrueUSD is in 27th place in the cryptocurrency ranking, and its value at the time of writing is $1.01 or 0.008222 ETH.
Holo (HOT)
The Holo project is a platform within which cloud information storage, as well as cloud computing, can be carried out. The HOT coin launched on cryptocurrency exchanges on April 30 of last year. At that time its value was 0.000733 dollars. By the time of writing, the coin's rate has risen to 0.001292 dollars. The total value of all coins in circulation (at the moment this is 133,214,575,156 HOT) is 140.30 million dollars. A total of 177,619,433,541 Holo coins are planned to be issued. It is in 30th place in the TOP 50 ranking.
Zilliqa (ZIL)
The creators of the Zilliqa blockchain platform are working on solving the problem of scaling transactions. Today, 8,279,117,191 ZIL coins are traded on cryptocurrency exchanges (which are worth 141.07 million dollars); the maximum emission threshold is set at 12,599,999,804 ZIL. At the moment, about 0.017039 dollars are given for one Zilliqa crypto coin, whereas at the time of entering crypto exchanges on January 25, 2018, the value of ZIL was 0.14 dollars. The ZIL crypto coin is in 36th place in the cryptocurrency ranking.
Paxos Standard Token (PAX)
This is the third stablecoin in our review, which is backed by the dollar. The coin is regulated by the New York Department of Financial Services (NYDFS). At the moment, 114,610,479 PAX coins are in circulation. The value of the PAX coin is 1.01 dollars, the capitalization is 116.03 million dollars. Paxos Standard Token (PAX) is in 37th place in the TOP 50 cryptocurrencies.
Pundi X (NPXS)
Pundi X is a system within which cryptocurrency developers and owners get the opportunity to make transactions with coins and tokens in traditional stores. The NPXS token appeared on crypto exchanges on March 22, 2018, and at that time its value was 0.001023 dollars. By the end of January 2019, the Pundi X coin dropped in price to 0.00058 dollars. The value of the 170,099,867,143 NPXS in circulation is 117.02 million dollars, the place in the cryptocurrency ranking is 39, and the value of NPXS at the time of writing is $0.0.000688 or 0.000006 ETH.
Gemini Dollar (GUSD)
This is the fourth stablecoin pegged to the dollar. It is also regulated by the New York State Department of Financial Services. The GUSD coin first appeared on crypto exchanges on October 6. By now, the capitalization of GUSD is 83.42 million dollars. 84,895,990 coins are in circulation. No maximum emission ceiling has been set. Gemini Dollar is located in 49th place in the cryptocurrency ranking and has a value of $1.01.
From the presented list of cryptocurrencies, it becomes clear that there is a trend of developing and growing stablecoins – four out of ten new currencies are stablecoins. 2018 became the starting point of this trend, and 2019 is expected to be the year of its development.
Subscribe and read the latest posts about earning online
Your subscription request has been successfully submitted! A message confirming successful subscription to the news and registration on the site has been sent to your email. The email contains a link that you need to follow to activate your account and subscription.
Статьи о криптовалютах
Random quote about money
"Нельзя гоняться за деньгами — нужно идти им навстречу."
Interesting posts in other sections of the blog
Information
Users of Guests are not allowed to comment this publication.
* to search the proxy database, just enter a country name, e.g. Russia, USA, Thailand