Altcoins are always the topic of threads on all social platforms, top Crypto communities, and Forums. But Altcoins like Safemoon, Digibyte, and Tron, do they really have the potential to be hyped or do they really have a scope?
Or are they manipulated by the whales in and around the market, let us discover it in this Blog.
You are just a read away to know all you these altcoins and their future projections
Safemoon expands safely to the moon which was a tagline also used by Dogecoin. Like the other famous cryptos, Safemoon also works on similar principles like a higher TPS and improved security. But additionally, has promised to make investments safe by pulling down the volatility movements. Being launched only seven months back, the token was a massive crowd puller. With increased hype in the meme space, the protocol holds the solid potential to outpower chief of meme coins such as Shiba Inu and Dogecoin.
Maintaining the safety of the protocol, the developer burned all tokens in the Dev wallet before launch, having a fair launch on DxSale. The LP is locked on DxLocker for four years and generated with every trade & locked on Pancake swap. The network works on regular burning events, to keep the price movements in check. Consequently, when the supply turns limited, the value of the coin hikes!
In simple words, Safemoon is just another digital currency that can be transferred across the globe at low transaction fees. Additionally, this altcoin vows to resolve conventional flaws in the crypto space, importantly-Volatility.
DigiByte (DGB) crypto is an open-source blockchain and asset creation platform. The project development began in October 2013. The platform intended to compete against major cryptocurrencies such as XRP and Litecoin by prioritizing cybersecurity and scalability.
The platform process additional features allowing traders to issue assets, introduce applications, and utilize digital identities. DigiByte has its own native token DGB. The token is used to pay fees to those who help operate the network. And also DGB aims to offer payments and fuel its smart contracts.
DigiByte is a modification of Bitcoin which has three layers, namely, a smart contract “App Store”, a public ledger, and the core protocol which features communicating nodes to repeat the transactions.
The altcoin was founded by Jared Tate, popularly known as the “Digiman’ who supervised its existence from development to its current setup. DigiByte’s operations not only depend on developers but also on the DigiByte foundation, a volunteer organization for inspecting the protection of the project. The DigiByte awareness team is responsible for the promotional activities.
Tron is considered one of the most sought-after currencies in the crypto world. Before you invest in Tron, Read this complete guide on the Tron coin. What is the future of Tron? Is it safe to invest in Tron? Check out these detailed predictions and forecasts of Tron.
Tron is a blockchain platform that came into existence in 2017. Justin Sun is the founder, who also previously worked for Ripple. This coin aims to transform and expand the way digital content and publications. Moreover, it is easier to share content with major service providers like YouTube or Facebook as the content creator.
One of the cryptocurrencies boasting wide adoption and utility is Tron. Presently, there are more Decentralized Applications (DApps) on the TRON network than on any other system like Ethereum. As more DApps join the system every now and again, TRON grows its popularity in the crypto ecosystem.
Tron (TRX) is a leading coin by market cap that emanated as an ERC20 token on the Ethereum network. By April 2018, Tron migrated to its own smart computing system. Tron strives to be an Ethereum opponent, meaning its aim is to be a smart contract protocol that can host decentralized apps.
Every Coin in the crypto will have a roadmap to be followed sometimes they are executed on time. Some fundamentals-based updates are awaited, some are tech upgrades. But unfortunately some fail, this makes the altcoins fail.
Crypto Market is dynamic in nature m but the technology involved in building these blockchains
Resolves one or the other fits currency problems. Since Altcoins are susceptible to risks in the market, while their market capitalization is lower, they may pose risks. It is also true that early investments result in higher profit margins, provided you have invested in a strong cryptocurrency.
The largest number of projects died in 2018. This is understandable since the largest number of altcoins appeared in 2017 with the ICO boom and, unfortunately, they began to die as quickly as they appeared.
To avoid major upsets, due diligence before investing your hard-earned money is suggested.
Every altcoin has been launched with one or the other trending tech updates but is it always advised to do your research before jumping the crypto market. And also to invest only the number that can be affordable to lose.