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As 2018 nears its end, the effects of last year's cryptography boom are still being felt. Although the current year has been bearish for much of its length, new altcoins have continued to appear on the market almost every other day.
Furthermore, the scalability problems of many large cryptocurrencies are slowly resolved by different methods. While all this is considered a positive development, the situation is slightly less encouraging when it comes to the adoption of cryptocurrencies in the real world.
Even so, some steps have been taken, and numerous efforts in different parts of the world have been made to make this concept a reality one day. Meanwhile, the encryption continues to grow and investors are always looking for new coins to invest in.
That's why today we'll take a look at 3 new cryptocurrencies that are already showing real potential. Since any of them could become the next big thing, it does not hurt to keep them eye on and follow their development closely.
1. SureRemit (RMT)
To understand what this coin is about, we should first explain the concept of remittance. This is something that is very important for developing countries, as their citizens often struggle to survive due to a bad economy or other similar reasons. Therefore, it is not uncommon for some of their citizens to leave their home country and go to more developed places to work and send funds home via bank transfer, online banking or other methods.
These funds that are returned are what we call remittance. However, the process always has an intermediary that is involved in some way, which makes the process both expensive and slow. These costs can often go up to 10% or more of the total value that is sent and the duration of the process can take anywhere from one to three days.
This is where SureRemit comes into play, which solves these problems by completely circumventing the commissions and the intermediary. While taxes are still present, they will include 2% of the amount, rather than 10% or more. Not only will the receiver get more money from this deal, but the process itself is also much faster.
The project itself does not aim to become a transfer service based on blockchain technology. Instead, it is based on the fact that most of the money that is sent will be used for consumer purposes, such as buying food, paying bills and the same way. All you need is that merchants accept the vouchers that can be used to pay for goods and services.
An obvious question now is – why would traders do this? The answer is simple: doing so will increase their sales without having to spend money on marketing. Beyond that, the traders themselves will not lose anything, as they will still be paid in legal currencies. The incentive has become quite effective up to this point, especially in countries in difficulty in Africa, the Middle East, Asia or Latin America.
2. Scorum (SCR)
Scorum is a multimedia platform based on blockchain technology. It allows users to receive rewards for creating quality content, and the rewards come in the native SCR currency of the platform. However, Scorum is a platform that focuses on a single niche, which is sport.
The platform has four components: sports blogs, fantastic sports, commissionless bets and a statistics center.
At this time, the blogging platform is probably the most exciting aspect of the project, with over 30,000 users and 200,000 visits per month. This made Scorum's blockchain the thirteenth most active of the whole ecosystem. This is already an exceptional feat, but it is even more impressive if we consider the fact that the currency has a market capitalization of only $ 7 million.
This is sufficient proof that the project does not need much money to attract people, provided it is well done. The platform also offers many opportunities to be creative and express themselves while at the same time attracting a lot of traffic. Also, while they do, they can also get a token reward, as mentioned earlier.
The project is quite innovative and has had an immediate success due to the amount of interest in sports from all corners of the world. The betting platform is commission-free and offers many unique advantages over other platforms. One of these is the fact that it can be truly international as cryptocurrencies know no boundaries. Another is the fact that independent developers can use it to create their own solutions on Scorum.
As for the fantastic sports part of the project, it has not yet obtained any significant approval. However, since the transaction fees on Scorum are non-existent, many expect this aspect of the website to grow over time.
Finally, there is a center of statistics, and this aspect is also in its early stages. The plan is to help him grow beyond simply viewing typical sports statistics and using various analytical tools to create interesting interactive images.
3. Ravencoin (RVN)
Ravencoin (RVN) is the largest currency on this list when it comes to market capitalization. However, it is not yet a crypt as big as it can get. An interesting thing about this coin is that it has managed to avoid the usual pitfalls that most of the other projects rush into. He never held an ICO, and was not pre-mined, which are just two examples of the things this currency has done differently.
Furthermore, it does not have a CEO, which means that all the "power" is shared among the developers themselves.
The Ravencoin project is designed to allow users to release and transfer different resources on a secure and decentralized blockchain. Beyond that, it also provides a secure and secure messaging channel that can be used for communication. Decentralization is maintained by allowing users to vote on important decisions and issues, and users receive dividends as payment. Furthermore, it is resistant to ASIC and is much more energetic than Bitcoin.
The future of cryptocurrencies certainly seems brighter than ever, despite the fact that adoption proceeds slowly. Things like regulation and understanding of this technology are of great importance in the first place. While many countries understand this, there are still many of them who believe that crypts are just a current trend, a bubble that can appear at any moment.
This is why their progress is slow, but this also gives them time to develop, evolve and reach the mainstream as a consolidated technology once their time finally arrives.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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