Five Promising Altcoins for Q4 2020

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Yes, we’ve all heard of Bitcoin, and how much of a great investment it is. But what about other cryptocurrencies that look promising?

Nearly all alternative digital assets promise to be the next big thing: the next solution to your credit problems, the quickest way to send cash overseas or the real deal for handling funds privately. But many can be bogus — some outright scams — and not worth the time.

2020 has been a good year for crypto. Decentralized Finance (DeFi) has exploded, as has the price of Bitcoin and interest in altcoins. What’s worth investing in for the remainder of the year? Here we take a look.

SFX — Privacy coin Safex is hoping to change the way eCommerce works by putting the power back in the hands of the customer. With eCommerce giants like Amazon and Alibaba collecting data from their customers, Safex hopes to come to the rescue by providing a currency for merchants that is private and decentralized.

Using ring signatures and stealth addresses, there is no “middle-man” with SFX, so the money goes directly to merchants and no one takes a cut. The currency’s price has shot up in value in the past month and has attracted attention for its generous mining profits.

BXTB — DeFi stablecoin BXTB is also one to watch. The stablecoin, is providing solutions to high transaction fees on the Ethereum network. Since the boom in interest in stablecoins has caused a clogged network, the price of transactions on the Ethereum blockchain has shot up. The BXTB project collateralizes existing Stablecoins such as Tether and DAI to create a “CHIP” stablecoin in a  reversible process. There is incentive, too, for stablecoin users to collateralize their assets into CHIP in order to earn yield off the sidechain transaction fees. Very clever indeed.

Poolz — DeFi tool Poolz is worth keeping an eye on. Hoping to provide “immediate liquidity”, the protocol enables the possibility to move tokens between blockchains, in turn bridging the gap between project owners and investors. The idea is that DeFi startups are able to connect with early-stage investors by making user-friendly token auctions. Users have control of their assets at all times and the project is built upon Ethereum.

$mega — MegaCryptoPolis is one cool dApp. Running on Ethereum and TRON blockchains, the game allows players to build cities — and then rewards them with ERC-721 tokens that can be traded on the open market. Players acquire Land Plots to construct Buildings using Resources. Resources are the core of gameplay. Wood, Sand, Bricks, etc. are produced in buildings and are required for buildings to be upgraded and operated.

Qtum — Open-source blockchain project Qtum’s coin, QTUM, has seen its price remain steady as of late. But despite not having a surge, it’s worthwhile keeping an eye on this exciting coin. Why? Because if Google has faith, so should you. The project is in partnership with Google Cloud and recently launched a full suite of free blockchain developer tools. Qtum allows programmers to build apps and smart contracts — and anyone can get involved.

 

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