The blockchain industry has a lot to offer when it comes to investment opportunities. As a matter of fact, the opportunities are way too many for the ordinary investor to choose from. Similarly, it is critical to invest in projects that have the potential to grow and retain their value. For the medium-term and long-term holders, these two altcoins are the assets to watch in this year.
This crypto was previously referred to as Railblocks. It is a cryptocurrency that is designed for the real world especially powered by the ability to achieve fast and free transactions. It focuses on being the number one payment processing platform in the industry. The transactions on the platform are instant beside the viability of Nano as a payment platform is outstanding. Its block size does not have any challenges. Other benefits of the platform are the capacity to support zero fees transactions and while having what is known as infinite scalability.
The Nano team is very active and keeps the community going with timely updates. They have developed apps to ensure that users can access Nano services anywhere anytime. The mobile app wallet can be accessed using both iOS and Android devices and users can receive and send payments from anywhere across the world. In addition to that, Nano has integrated a desktop wallet as well that can be downloaded and synced for easier secure access. On June 11, the team released the Nano Node version 14.0 which was tailored towards bootstrapping and reducing network usage.
Nano price is currently trading at $2.59 while it has dropped 5% on the day owing to the current bear pressure in the market. It has a market capitalization of $345, besides it is the 40th crypto on CoinMarketCap.
Binance Coin (BNB)
Binance Coin is the official coin that is issued by the largest cryptocurrency exchange in the world, Binance. The coin was issued through an ICO and a total of 200 million BNB tokens. The exchange has planned a coin burning process that will have only 50% of the total coins remaining in circulation.
Binance Coin is one of the few digital assets with a clear utility, which is mainly to power the exchange platform. BNB tokens are used when traders are paying for trading fees and the exchange gives discounted rates to traders who use Binance Coin. Binance is also supported on Monaco Visa Card while Uplive accepts the use of BNB when buying virtual gifts. The coin can be used to pay for trading fees, the fee for listing and any other fee that may be associated with Binance. The upside with using Binance Coin on Binance exchange is that you are guaranteed to receive a discount where 50% is offered in the first year, 25% discount in the second year, 12.5% in the third year and the last is 6.5% in the fourth year.
Binance Coin price has been the best performing asset in the market among the top 20 cryptocurrencies. While most of the cryptos sustained declines over the weekend BNB/USD retraced from slightly above $14.00 to trade marginally above $17.00. At the time of writing, Binance Coin is exchanging hands at $16.7 while supported at $16.5 – $16.00. It is ranked the 15th crypto with a market capitalization of $1.9 billion. Binance Coin circulating supply is 114,041,290 BNB while its total supply is 194,972,068 BNB.