The market has, for a while now, maintained stability across the board. However, there was a slight bullish spike on Friday but it fizzled out before the digital assets made any significant bullish moves. This year the cryptocurrency market has been trading below a descending trendline contrary to the performance throughout last year. The investors who bought digital assets for the purpose holding at the beginning of last year, made a killing at the apex of the digital asset market in December 2017 and January 2018.
At the moment, investors are forced to exercise due diligence when buying into various cryptocurrencies. The time for hundred fold gains in 24 hours is over and the market has taken a subtle trend to price performance while embracing the projects that attempt to solve real world problems. This article will explore a couple of coins that have the potential to bring real world solutions while maintaining their value.
Peer-to-peer decentralized exchange platforms have been gaining traction in the crypto industry for some time now. In fact, there are many cryptocurrency projects that are launching as exchange platforms for assets, tokens and items of value.
Veritaseum (VERI) is “a peer-to-peer capital markets” platforms that has been designed to give investors access to smart contracts and the essential financial machines. All the tools provided by Veritaseum can be used to manage investments as well as transfer value between people. The platform works on the basis of Ethereum blockchain and offers autonomous software that can be incorporated in businesses while at the same time eliminating third party interference.
The platform also offers other services to including self-custody that involves escrow services. In addition to that, users are given access to financial analytics, tokenization of assets alongside research data.
Veritaseum (VERI) is an ERC20 token that is currently available for Mercatox, EtherDelta, HitBTC, LATOKEM, Tokenomy and Fatbtc. The token has been performing relatively well in market that strongly bearish. VERI/USD is trading at $46.10 following a 14.77% in the last 24 hours. The 24-hour trading volume stands at $919 million while the token has a market cap of $93 million. The network has a total supply of 100 million VERI while 2,036,645 VERI tokens are in circulation.
The need to have peer-to-peer exchange platforms for ERC20 tokens continues to rise. Coupledwith the research data and asset management tools, Veritaseum is a crypto that has real use cases. This token is on the right path and is coin to watch in the next one month.
According to the website Revain is the “first blockchain-based review platform for crypto community.” The platform provides an unbiased blockchain medium that allows the users to review businesses. The unique protocol utilizes the blockchain technology to achieve decentralization of unbiased reviews. It is also supported by Artificial Intelligence and Internet of Things.
The purpose of the platform is to eliminate the pandemic of fake news while at the same time, helping business people to better their services. The protocol is among the few that can support more than one token at the same time. Revain network has the R and the RVN tokens. The users in the platform are mainly rewarded and paid using RVN which is used for internal transactions only. On the other hand, R, is a public token that is tradable on crypto exchanges. The team has developed a non-linear mechanism that is employed when converting R to RVN and vice versa.
Revain (R) is trading at $0.246 after a bullish correction that has seen it add 15% in 24 hours. The digital asset is ranked 76th in the market and has recorded a 24-hour exchange trading volume of $3.3 million. The total supply for Revain has been set to 484,450,000 R tokens with 334,450,000 currently in circulation.
The fact that Revain uses the blockchain tech alongside AI and IoT places it at the forefront of the modernization. World systems are moving towards these systems which means that the network has a future and will keep influencing the way business reviews are conducted. This project is one to watch not only in the next 30 days but for the coming years as well.