January 2018 Cryptocurrencies to Explore – Part 2

EOS ($EOS)

EOS is a new blockchain architecture that was designed to enable “vertical and horizontal scaling of decentralized applications” according to its website. The EOS blockchain was built with scalability in mind, and internal testing shows it can sustain several thousand transfers per second and 1 second blocks. Eventually it can be used for supporting accounts, authentication, databases, asynchronous communication and any type of application on top of its blockchain, processing millions of transactions per second at nearly zero cost.

Why I believe in it
EOS has created what may be the most elegant solution to the scalability issue in blockchain. If they can deliver on their promise of millions of transactions per second with almost no fees, I believe it would be a game changer for blockchain and dApps. It is currently still in its ICO phase, which is unique in that it will run for 341 days (until June 28, 2018) to allow for plenty of investor scrutiny. The EOS coin was up roughly 250% in December, although it has come off its monthly high by about 25%. With a strong development team and growing community, all this coin needs is some visability and increased public interest to really take-off.

Cindicator ($CND)

Cindicator was created to make predictions regarding the future price of crypto assets. The Cindicator network uses hybrid intelligence by crowdsourcing the knowledge and predictions of tens of thousands of financial analysts, and then combines that with machine learning to make its predictions. The predictions are updated in real-time based on all available knowledge as the AI adjusts to changes in the markets. Access to the Cindicator bot is reserved for those holding Cindicator tokens, with the minimum requirement of 5,000 CND. At a current market price of $0.088563 this means an investment of roughly $500 is needed to use the Cindicator bot.

Why I believe in it
The use of hybrid intelligence, or the combination of AI and crowdsourcing is an interesting use of the blockchain. Hybrid intelligence has yielded excellent results in past scientific studies of problem solving models. Considering its use in the crypto space, and its growing community, it is well worth watching. The price of CND tokens more than tripled in December and with a market cap of just under $130 million it certainly has much room to grow, especially if institutional investors adopt the platform en-masse.

IOTA ($IOTA)

IOTA is unique in that it isn’t based on blockchain, but instead calls itself third generation crypto. It was designed to provide support for the Internet of Things, and through the use of its Tangle transaction confirmation will allow connected devices to buy and sell resources without transaction fees. You can read my more detailed report on IOTA here.

Why I believe in it
IOTA suffered a setback in December due to some mis-communicated partnership announcements. Even so, the price of IOTA nearly tripled in December, despite some extensive FUD and volatility in the coin price. While some questions remain regarding the current centralized state of IOTA and the use of new and untested technologies, the unique Tangle network deserves attention and IOTA could explode in the coming years.

Salt Lending ($SALT)

Salt Lending has taken lending to the blockchain. It allows cryptocurrency holders to use their digital assets to secure loans in fiat currencies. This means there is no need to liquidate cryptocurrencies to generate capital, and allows cryptocurrency holders to get their loans without traditional credit checks. The lack of credit checks also streamlines the lending process and speeds disbursement of funds.The lending platform was released in December, with $10 million in initial loans.

Why I believe in it
Salt Lending launched their platform in December, causing a brief spike in $SALT price. The coin has settled and was up more than 100% at the close of December. The first loans were given, totaling roughly $10 million, and Salt Lending expects a total of $50-$75 million in active loans by the end of January. When you consider the success of peer-to-peer lending and the astronomical growth expected for cryptocurrencies in the coming years it seems like $SALT should be an excellent choice.

That brings part 2 of the January 2018 cryptocurrencies report to a close. I hope it has given you some inspiration to have a look at some new and different coins. I’m planning on continuing these reports throughout the month, as there are literally thousands of coins to explore. Please follow @moneyinfant so you don’t miss out on any of the upcoming reports.

Disclaimer: I am stating my opinions, not giving you financial advice and if you invest in these projects it is your sole and full responsibility. You are investing at your own risk. Always invest only what you can afford to lose and try to diversify your investments. Finally, do your own homework and learn about the project use case, roadmap and team.

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