There Are Several Alternative Digital Currencies Worthy of Starting A Bull Run During Quarter Three
- There are several projects that could experience important improvements
- The next quarters are expected to bring new things to the crypto market
The third and fourth quarters of 2019 are going to have different developments very important for digital currencies. As Bitcoin (BTC), Litecoin (LTC) and Binance Coin (BNB) were the most popular assets this first half of the year, the next part of 2019 will have many surprises for other digital currencies.
A Good Second Half
ZCash (ZEC) is one of the digital currencies that is going to be experiencing a “friendly fork” called Ycash. The intention is to reinforce the concept of mining on commodity hardware. They also want to reduce the Zcash founder's reward that sees 2,033 ZEC that are currently going to the founder of the digital currency Zooko Wilcox every single month. This is equal to $175,000 per day. However, as the price fluctuates, the reward also changes.
They explained that mining on commodity hardware and reduce the reward to the founders. The announcement they made says that they believe that a fair distribution of coins is essential to achieve widespread adoption.
In general, when there are aidrdops and forks, virtual currencies tend to increase in price. Thus, Zcash could experience a price increase in the future. Currently, this digital currency has a price of $88 per coin and a market capitalization of $588 million, being the 23rd largest crypto in the space.
Golem (GNT) is also a network that is trying to become more decentralized as time passes. One of the things that Golem is working on is called “Graphene.” The digital currency has been working alongside Invisible Things Lab (ITL) in order to carry this improvement out.
The goal is to allow an OS to run an application that was built for another system. There are some companies that have already shown interest in this development. Intel, for example, wants to use this implementation in the Software Guard Extensions (Intel SGX) product.
The goal is to launch Graphene as soon as in July this year. Lukasz Glen, a Golem developer, mentioned that there are several interested parties that want to participate in this development. As reported by CoinMarketCap, Golem is the 76th largest cryptocurrency in the market. It has a market cap of $91.5 million and a price per coin of $0.095.
The third digital currency that is expected to be in the media is Litecoin, which will be experiencing a halving as soon as on August 2019. This will be reducing Litecoin’s reward for miners from 25 LTC per block to 12.5 LTC per block. In general, these events have been a catalyst of price increases in Bitcoin and in Litecoin.
Litecoin has already registered a price increase of over 400% since December 2018. Currently, at the time of writing this article, Litecoin is the fifth largest virtual currency with a market capitalization of $6.94 billion and a price per coin of $111.
As reported by CCN, 0X (ZRX) the 0x roadmap promises a V3.0 upgrade by the third quarter of 2019. This could make a significant impact on the market. Moreover, it might be possible to perform meta transactions and onboard new crypto users.
According to the developer Austin Thomas Griffith, new users do not care about decentralization or the private keys they use. They just want to use the product.
About it, he mentioned:
“The cypherpunks are really going to hate this one, but users shouldn’t be bothered with downloading a wallet up front. First, they need to use the product and provide value within the dApp.”
0X is the 44th virtual currency by market capitalization with $200 million. Each 0x coin can be bought for $0.335.
Finally, the report released by CCN shows that NEM (XEM) could also experience an important second half of the year. After being affected by an attack early in 2018, NEM seems to be recovering. The crypto network has launched an updated roadmap in which they detail a testnet launch of a Proof-of-Stake (PoS) algorithm during the third quarter of this year.
This algorithm is called Proof-of-Stake+ and it will be increasing scalability speed in the upcoming Catapult upgrade. Catapult is a blockchain engine that can power private and public networks using smart contract plugins. The goal is to launch the PoS algorithm by late September and Catapult as soon as in the last quarter.
According to CoinMarketCap NEM is the 20th largest crypto in the market with a valuation of $831 million. Each XEM can be purchased for $0.0923.
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