It is almost a decade since the crypto industry started. The revolution has brought with it new technology, redefined the financial market in the 21st century. In addition to that, cryptocurrency projects have become new forms of investments. The birth Initial Coin Offerings (ICOs) has provided another way for companies to raise money through crowdfunding activities. On the other hand, existing virtual currencies (coins and altcoins) present viable investment opportunities as well. With that in mind, this article will dig into a couple of coins worth looking into as we come close to the end of the year.
This token is ranked on CoinMarketCap as the 18th largest crypto in the market. It has a market capitalization of $936 million. Its trading volume in the last 24 hours stands at $5 million. The majority of XTZ trading takes place on Gate.io exchange where XTZ/BTC pair takes up 34.38% of the total trading volume while XTZ/USDT takes up 26.92%. XTZ/USD is trading at $1.57 at the time of writing following a 12% growth in the last 24 hours.
About Tezos (XTZ)
Tezos was created to formalize blockchain governance. The stakeholders on the network are the ones with the power to govern the protocol. The official website notes that “Tezos is a new platform for smart contracts and decentralized applications.” The On-Chain governance ensures that stakeholders not only govern the protocol efficiently but also decide on the implementation of future upgrades and innovations.
The protocol was created to be able to achieve formal verification and this ensures that smart contracts are both secure while avoiding buggy code. Furthermore, Tezos operates on the Proof-of-Stake consensus.
Why should you Consider Tezos?
Tezos launched in 2017 following a crowdsale that raised $232 million. The journey has not been an entirely smooth ride for the crypto, but it has made significant progress to the extent of reaching $1 billion in market cap. The network has recently released the Galleon wallet, specifically for Tezos. The network is constantly working on introducing new updates and other developments, besides; the team is working on a mainnet.
Nano is changing hands at $1.79 after correcting higher over 12 % in the last 24 hours. The digital asset has a market cap of $239 million and is ranked 37th in the market according to the data on CoinMarketCap. Nano’s trading volume is at $10 million. The network has a maximum coin supply of 133,248,290 NANO tokens while 133,248,289 NANO tokens are in circulation.
About Nano (NANO)
Nano is the “Digital currency for the real world – the fast and free way to pay for everything in life.” Transactions on the network are instant, without fees and infinitely scalable. Moreover, the users do not require a ledger to store their tokens because Nano has an online wallet. In addition to that, the network released a mobile application that works for both iOS and Android system and a desktop application for Windows, MacOS, Linus, and source.
Why Should You Consider Nano (NANO)
Nano was launched in 2017 and within a short time, it has made it to the top 50 cryptocurrencies. The team is very vibrant and keeps the community updated on the developments via weekly updates and other releases. Nano is working on a mainnet protocol but currently, the platform is still at the beta stage. The recent tests show that the network was able to achieve 75 TPS for a period of more than 30 minutes without any issues. The NANO token has several use cases including trading on exchanges, peer-to-peer fund transfer system, micropayments and payments for good and services.