Don't put all your eggs in one basket, diversify your investment, don't invest more money than you can lose. In the world of cryptocurrencies, new investors always hear this kind of advice from more experienced traders.
The constant volatility of a token can cause distress, so it's important to diversify investments and follow other projects. However, when we search the web, although there are more than 1000 different cryptocurrencies, those with the most marketcap are the ones that capture google's (although there are many other projects that may even be more promising).
Here is a list of 3 exciting projects that you should follow if you are interested in cryptocurrencies but don't want to get into any of the Top 100 Projects by marketcap
Nimiq focuses on simplicity as its most important philosophy. Basically, the team behind this project wanted to create a browser-based blockchain, that is to say, all the interface and its use cases are developed in a web page without the need to install wallets, plugins, apps, or complex configuration processes.
It is the closest thing to PayPal that can be in the world of cryptocurrencies, and even mining is done from your personal computer, with an interface controlled by your web browser.
The Development team is quite experienced, and the project has a very active community.
Nimiq is ranked 593 on Coinmarketcap and has 15 trading pairs in 7 different exchanges. Its current price is about 7 Satoshis, although it has remained relatively stable between 6 and 11 satoshis over the past three months.
Nope... it's not a typo; this crypto is perhaps one of the most innovative projects in the entire ecosystem.
Groestlcoin can proudly say it was the first cryptocurrency ever to activate Segwit (January 24, 2017) and the first one ever to carry out transactions on the Lighting Network (April 26, 2017).
The team offers at least one significant development every three months and offers products for every minimum need a user could have.
- The most Electrum Public Servers
- ASIC resistant (2 rounds of pure Grostl-512 mining algorithm)
- Masked IP (TOR + VPN) + Address Obfuscation
- Over 110 repositories of development work
- Every single wallet ever imagined
- 3 different iOS wallets
- 11 different Android wallets
- 10 different wallets for Blackberry, Windows, Linux
- Web wallet
- Segwit Wallet
- Electrum Wallet for Speed
- Multisignature Wallets
- Groestlcoin SAMOURAI successfully implementing BIP147
- Groestlcoin Sentinel
- One of the only coins with wallets that use NFC tags as an encryption key.
- Off-Chain Atomic Swaps friendly
- Offline payments via Bluetooth
Groestlcoin is ranked 169 on Coinmarketcap and has 35 trading pairs in about 20 exchanges. Its current price is about 2400 Satoshis
Grincoin is a project that has excited several hodlers and crypto experts around the world, causing a lot of hype among Bitcoin maximalists such as Jimmy Song and Andreas Antonopoulos. It is based on an implementation of the Mimblewimble protocol that seeks to create a scalable privacy coin with no addresses; no amounts to track and almost no possibility of censorship.
The protocol also consumes far fewer mining resources, which is strong plus considering the future scenarios.
Grincoin is ranked 103 on Coinmarketcap with 57 trading pairs in several dozen prestigious exchanges. Its current price is about 16500 Satoshis
There Are thousands of projects to choose, some are great to speculate and others are excellent to invest. In the end, only you can decide where to put your hard earned money, but please remember what we said at the beginning of this article: As long as you don't invest more than you can afford to lose, you can just sit and enjoy the ride... It will be bumpy, but it sure will be fun if you know how to ride the wave!
If you want to invest in more popular and solid cryptocurrencis, check out this article were we cover the most popular cryptos right now, and if you want to make some money in the crypto-verse without the stress of a volatile market, check out these crypto affiliate programs
Good luck, and happy hodling!
Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
The author owns BTC and DAI. He does not have any money invested in any of these tokens... in fact, the author does not have any money invested in any altcoin until he is conviced alt season has begun ;)