Sidechains Galore-Cryptocurrency's Expansion in Valuation

Greetings Fellow CryptoCashMasters,

When we invest in cryptocurrency, most may be like me who want to play the volatility...buy low, and sell when it goes 2x-10x for the most part. Some, want to find the technology with blockchain, and buy, hold, and sit on it for the usability of it..whether 3 years or 10 years in the future.

Well, in searching for those profits, and picking a project that has viability, usability, and longevity, one must also look at the applications using sidechains. I have download my Trust Wallet, which I use for storage of ETH, ERC-20 and ERC-223 tokens, and that support main blockchains in the ETH, ETC, POA, and CLO ecosystem, accordingly.

During my research, I have found the POA Network to be very interesting, and meets my speculative nature.

POA has accomplished the first production cross-chain bridge in blockchain history on May 10th!

POA Network (POA):

POA Network is an Ethereum-based platform that offers an open-source framework for smart contracts. Basically, POA is a sidechain on Ethereum utilizing Proof of Authority as its consensus mechanism. The project gains further appeal by employing independent block validators.

The network, which launched its Mainnet in December 2017, already has a host of dApps running on it. It boasts of being highly scalable, secure and cheaper than most other projects.

It has a fast block time of just 5 seconds, which makes it one of the go-to blockchain solutions on the market that I am looking for. There is no mining involved, and this definitely reduces the transactional costs.

It is the only sidechain on the Ethereum platform that is functional in terms of having a working product. Below is part of its roadmap, and I believe that 2018 will be a banner year!

This is really what is exciting the investor community about this project. By providing a platform for the small businesses and projects, POA Network opens itself to a really huge market. It’s in Q2 that the network will see a leap in adoption via multiple interledger protocols.

The coin was recently listed on Binance on February 28, 2018, and Bibox on April 12, 2018, with the expected exposure necessary to create a large market audience

Let's look at the POA price history:

POA was trading at $0.54446, up by more than 18.26% against the US dollar and +15.41% against BTC. According to Coinmarketcap, POA began trading on 2/28/18 at a modest $0.63. However, when the downturn in the market hit, its value plunged to an all-time low of $0.23 on 3/18/18. On 4/3/18, its value had appreciated to $0.366.

As of 7/10/18, the price is:

Price $0.17031241 Volume (24hr) $1,999,301

Market Cap $37,155,969

Vol/MCap 5.38%

Circulating: 218,163,607

24 HR HIGH: $0.1991

24 HR LOW: $0.1654

24 HR RANGE:16.93%

ALL TIME HIGH: $0.866866

You can trade on: CEX, Binance, Bibox, and Ethfinex

Happy CryptoSpelunkin'

--medianation

Credit to Kevin Freeman - April 11, 2018 (CryptoGazette)