Bitcoin stability has entered another week; at the same time, selected altcoins are showing incredible strength. Apart from the saga that was caused by Tether (USDT) a couple of weeks ago, BTC/USD has been confined in a range between the upper limit at $6,500 and the lower limit at $6,300.
The consolidation in Bitcoin price has led a spike in the price of altcoins, especially the ones with small market capitalization. Prediction and speculation have become very difficult in such a market. It is not clear if Bitcoin is lagging a breakdown or it could spike to test the levels above $7,000 in the medium term.
The steadily growth in value of altcoins means that investors should take their positions in wait for the expected rally towards the end of year. Similarly, the slightly bullish move in altcoins such as Komodo (KMD) and GIN Gincoin shows that there is great potential especial due to the positive change in the sentiments towards these tokens.
Komodo is a privacy focused coin like Monero (XMR) and Zcash (ZEC). The crypto claims that is among the fasted and safest coins for transaction in the cryptocurrency industry, Besides, its decentralization aspect has helped the team to established a strong ecosystem both on the network and social communities. The team is extremely private but well capable of achieving the milestones that have been set for the coming few years.
The platform works on the principle of “freedom to build, launch and flourish,” according to the website. The protocol has been designed to offer not only security but also independence while incorporating the blockchain technology in a decentralized manner. Komodo platform is a one-stop shop for all blockchain solutions that ensure end-to-end support for developers who take pride in the creation of the largest blockchain networks.
Komodo (KMD) Sentimental Overview
A look at the sentiment chart for Komodo, we see an impressive an impressive 89% out of the possible 100%. There has been a volume change of about 82% while traders and investors passion for KMD token is at 68% as reported by Coin Insider, a cryptocurrency website.
The project introduces itself as a turnkey Masternode coin. In other worlds, the entire process is done-for-you. The creators of the platform had a vision of aiding crypto investment to better deploy their own masternodes. The platform focuses on ensuring all users are able to achieve their goals regardless of the level of technical skills. GINcoin has been able to simply the process of deploying masternodes. The main goal is to decentralized masternodes and push for mass adoption of digital assets.
The founders of the coin realized that how hard it is to invest in masternodes and decided to capitalize on the opportunity. Masternodes are extremely complicated when it comes to setting them up and call for cutting edge technical skills couple with trust. It is now possible to set up a masternode using just a few clicks. The reward is currently set at 1,000 GIN in addition, other coins can be integrated to the platform.
GINcoin (GIN) Sentimental Overview
GINcoin is among the cryptocurrencies with the highest sentiments in the market. It has a power rating of about 86.25% while the sentiment volume is at 84%. In addition, the total sentiment is currently at a whopping 89%. Traders and investors prefer the coin with a passion of 73%. The recent weeks have seen the coin perform extremely well maintaining a high sentimental rating.