The Best Crypto Currency That Nobody Is Talking About

in #cryptocurrency7 years ago

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Rialto (XRL)

It's only trading on one exchange right now officially (Livecoin.net) for .33 (as of writing this) and also EtherDelta unofficially. Also, disclaimer, I own 75 XRL.

With that being said, let me explain their white paper and why I love it:

They're creating an exchange significantly different, better, and more innovative than any other at the moment. First off, their platform is going to have a focus on arbitrage, which is simultaneously purchasing and selling an asset to profit from the difference in price between exchanges. This means that on their platform, if a coin is .2 per on Bittrex and .7 on Liqui (hypothetically), you'll be able to buy it from .2 and sell it for .7 for that nice juicy profit. So the biggest knock against Crypto, its volatility, is going to be able to be taken advantage of.

On top of that, they want to be the leading crypto market maker, which will provide liquidity for less liquid assets and reduced transaction time. As in, you'll be able to trade your coins for averaged market price across exchanges immediately (no half-filled orders).

And the last part of their plan, and the most intriguing, is that they're creating an AI Tradebot that tracks the market for you. Among other things, it'll track market outliers, look for pump and dumps, and monitor crowd sales.

The crowdsale closed on July 14th, and they just now got listed on Livecoin (September 1st). They may be listed on other exchanges, but it isn't something they're overly concerned about as they're an exchange themselves. You can subscribe to their newsletter on their site to get news asap if they get put on other exchanges (https://www.rialto.ai/).

And finally, their market cap is at $29 million with a trading volume of just $154,000 and a circulating supply of 76 million. Livecoin only has about 2 BTC worth of XRL trading at the moment. So on top of how freaking cool it is, the coin is just begging to be pumped, which it has been three times since it's been put on an exchange (September 1st). And coins with a similar supply in the top 100 are hovering anywhere from .50 cents to a few dollars per. I feel like it will be closer to a few dollars than .50 cents, but I would guess it's at least a dollar per by the end of the year, but probably sooner than that.

Even if all of that doesn't tickle your tulip, you can potentially get some really nice 30-100% gains if you set your limits right because of its low volume since someone is bound to pump it (it's already happened a few times). The coin is almost guaranteed to rebound back down because of how low the volume is right now on Livecoin. Then you just buy and repeat.

With all that being said, Livecoin.net is a clunky exchange that is chock full of shit coins, but that shouldn't deter you from grabbing this.

If you want more info, their slack channel is pretty active, but their reddit is pretty dead.

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