The number of cryptocurrencies in the market keeps growing. Significantly, there are 1694 digital assets listed on the popular listing website, CoinMarketCap. And this number does not include the hundreds of Initial Coin Offerings launching every year. In addition to that, there are assets that are still being prepared for launch in the market in the coming months. Therefore, for the investor, it gets blurry when picking the coins to buy. However, this article will explore a couple of altcoins that every investor must consider when buying digitals assets. As always it is essential you carry out due diligence before buying any of the coins covered.
Spectrecoin is small crypto project with a market capitalization of $9.8 million. It is ranked the 438th largest cryptocurrency in the market according to the data on CoinMarketCap. Although, Spectrecoin is barely noticed in the industry, its future will be one to be reckoned with courtesy of its technology. The project is described as “a Secure Proof-of-Stake (PoSv3) cryptocurrency network with Anonymous Transaction Capability.”
The Spectre team employs various cryptographic techniques in order to realize “un-linkable, un-traceable and anonymous transactions on its underlaying blockchain and also protects the users identity by running all the network nodes as Tor hidden services.” Spectre also incorporates a dual key stealth technology to produce “anonymous coins’ that ensure user activities remain private and anonymous. Furthermore, the platform has another ‘normal’ coin referred to as XSPEC, which work in the same way as Bitcoin and other coins that are not privacy-focused.
Spectrecoin is currently traded on Cryptopia, Livecoin, Trade Satoshi and Bisq (DEX) exchanges. As mentioned the project is still quite small and young, but it has a bright future especially as it lands more support from the largest exchanges in the world like Binance and Bithumb. Spectrecoin is currently trading at $0.45 after surging a whopping 70% in the last 24 hours. Its trading volume has also increased by 98.8% in the same period to $121,181.
Namecoin, on the other hand, is also a privacy-focused cryptocurrency that is open-source and strives to better decentralization, censorship, resistance, security as well as speed of various components that make up the Internet Infrastructure, for example DNS and identities.
The platform aims at making the web a lot more resistant to censorship while promoting free-speech. In layman’s language Namecoin improves the user’s experience on the internet but at the same time ensuring that their privacy is respected. It also helps when making records and transferring arbitrary names or otherwise called keys. It has one of the most experienced technical teams in the entire crypto space, similarly, it was the first platform to introduce merged mining along with decentralized DNS.
Namecoinis currently trading at $2.29 while CoinMarketCap shows that it has surged over 18% in the last 24 hours. The asset has a market capitalization of $33 million and is ranked 199th in the market. Namecoin is traded on various cryptocurrency exchanges, although it is largely traded on WEX. Its trading volume in the last 24 hours is $89,034. Namecoin does not have a maximum coin supply, but its current circulating supply is 14,736,400 NMC.