In this article we discuss some up and coming cryptocurrency projects. There are many options for potential winning cryptocurrencies and there is still time to become a crypto investor. Furthermore, many of the projects we discuss here are affordable for anyone who wants to invest in cryptocurrencies.
There are actually several cryptocurrencies that are important up and coming cryptocurrency projects. Read on to learn more about many growing, up and coming cryptocurrency projects.
The Up and Coming Cryptocurrency Projects
There are 5 solid projects that we believe are going to be winners in the future. They have solid technology, a winning team of developers and a strong community of supporters. In addition, these projects serve a purpose in the crypto currency space and may be considered one of the up and coming cryptocurrency projects.
Five Up and Coming Cryptocurrency Projects
I. The Cardano (ADA) Project
“Cardano is a groundbreaking proof-of-stake blockchain network, being developed into a decentralized application (DApp).. [of] ..verifiable smart contracts…Cardano aims to achieve the scalability, interoperability, and sustainability needed for real-world applications. [It] is designed to be the platform of choice for …the economy of the future.” –Cardano Roadmap
“Ada” is the native token for Cardano. It is named in honor of Ada Lovelace. Ms. Lovelace was a 19th-century mathematician. Ada was the daughter of the famous poet, Lord Byron. In addition, Ada is known as the first programmer.
Ada is a decentralized digital currency. Second, Ada doesn’t require third party involvement. In addition, Ada is exchangeable world-wide. Finally, the blockchain records each transaction permanently.
Cardano has three primary partners which embody the advancement and evolution of the project: The Cardano Foundation, Emurgo and IOHK. The public face of Cardano is Charles Hoskinson, who was one of the founders and developers of Ethereum in the early days. He’s a cryptocurrency heavyweight who has quietly helped build the Cardano project over the years to where it is today. Hoskinson has a powerful vision and plan for Cardano and has helped to create a project that is a serious threat to Ethereum.
History of Cardano
Cardano started out in 2015 as a vision to address blockchain problems of scalability, interoperability and sustainability. Later, after much communication and coordination on GitHub, the Byron era began in 2017. The purpose of the Cardano project was to solve the problems encountered in the future for cryptocurrencies. It is a next generation crypto project.
The Cardano (ADA) Project Proof of Stake
The Ada token is part of the proof of stake methodology. For example, each Ada holder can hold a stake in the Cardano blockchain network. As a result, users who hold Ada will earn a reward for participating in the network. This proof of stake model really helps improve Ada coin price prediction by increasing the overall value of the project.
II. Decentraland (MANA)
MANA (Decentraland) is a virtual reality platform. The Ethereum blockchain powers the platform. Using Decentraland, users can create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.
Launched in 2017
Decentraland was launched during an ICO in 2017. In addition, the project was opened up to everyone to use in 2020. Currently, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.
How Decentraland Works
Decentraland uses two tokens: MANA and LAND. The MANA token is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of things, such as avatars, wearables, names, etc. The tokens are used on the Decentraland marketplace.
Decentraland is built for content creators, businesses and individuals that are looking for a new artistic medium, business opportunity, or source of entertainment.
The Metaverse Gaming World
In total, the Decentraland game world — termed the “Metaverse” — is divided into 90,601 individual parcels of LAND, each of which is represented by an ERC-721 non-fungible token. Each LAND is exactly 16m x 16m (100 square meters) and can be found at a particular coordinate in the Metaverse.
Though LAND holders are free to develop their plot into whatever they choose, much of the Metaverse is broadly divided into several districts, each of which has a different size and theme. These districts were generated through individual crowd sales for MANA tokens, and parcels of LAND in these districts cannot be traded.
Although Decentraland is not one of the hottest up and coming cryptocurrency projects, it appears to be a strong project with a promising future.
Besides being a creative outlet, many Decentraland users currently monetize their LAND through leasing, advertising and paid experiences. Likewise, other users generate an income by creating and selling items on the Decentraland marketplace for MANA tokens.
III. Hedera Hashgraph (HBAR)
Hedera Hashgraph is a public network that allows individuals to create decentralized applications (DApps). HBAR has also been called the “trust layer of the internet.” It is designed to be a fairer, more efficient system. It eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.
HBAR originated through an ICO in August 2018. Subsequently, the Hedera Hashgraph mainnet launched in 2019. The HBAR token has a dual role within the Hedera public network.
How Hedera Hashgraph Works
First, HBAR is the fuel that powers Hedera services, such as smart contracts, file storage and regular transactions. Second, it’s used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.
HBAR was co-founded by Dr. Leemon Baird and Mance Harmon. Dr. Baird is credited as the investor of the hashgraph distributed consensus algorithm. He currently works as Hedera’s chief scientist. Prior to founding Hedera Hashgraph, Baird accumulated more than a decade of experience in various computer science and security roles and previously worked as a senior research scientist at the Academy Center by Cyberspace Research. He also holds the position of co-founder and CTO at Swirlds Inc., a platform for building DApps.
HBAR’s cofounder, Mance Harmon, is the CEO and an experienced technology executive and seasoned entrepreneur. Harmon has around two decades of experience holding executive roles at prominent firms — many of which are in the IT security industry. Like Dr. Baird, Mance Harmon also holds a second position at Swirlds Inc., as its co-founder and CEO.
Hedera Hashgraph is Different than Regular Block Chains
Unlike most other cryptocurrency platforms, Hedera Hashgraph isn’t built on top of a conventional blockchain. Instead, it introduces a completely novel type of distributed ledger technology known as a Hashgraph. This technology allows it to improve upon many blockchain-based alternatives in several key areas, including speed, cost, and scalability. HBAR claims it can handle more than 10,000 transactions per second (TPS) — compared to the around 5-20 for most popular proof-of-work (PoW)-based blockchains.
Network Services Offered by Hedera Hashgraph:
- Smart contract tools that let developers build powerful and efficient decentralized applications.
- A consensus service that acts as a layer of trust for any application or network that needs a secure, verifiable log of events.
- Decentralized file storage services with features include proof-of-deletion, controlled mutability, and time-based file expiry.
- A token service that allows users to easily configure and mint both fungible and non-fungible tokens (NFTs) on Hedera with just a few lines of code.
IV. Zilliqa (ZIL)
Zilliqa is a blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications. In addition, it allows for staking and yield farming.
The project was founded in 2017 and launched its testnet in 2018. Later, in 2019, the Zilliqa platform launched its mainnet for everyone to participate. The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.
Zilliqa was first conceived by Prateek Saxena, an assistant professor at the National University of Singapore School of Computing. Saxena and several students in the School of Computing published a paper in 2016 that outlined how a sharding-focused blockchain could improve network efficiency and speed.
Zilliqa Scalability Solved?
The project states that they run entirely on a sharded network. As a result, this allows it to achieve a high rate of transactions per second, which may solve the scalability issue. Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases. As well, records are immediately added to the Zilliqa blockchain after being processed, meaning that no additional time for confirmation is required.
Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment and financial services and payments industries. In its 2018 position paper, its team states that the platform “aims to rival traditional centralized payment methods such as VISA and MasterCard.”
V. VeChain (VET)
VeChain (VET) is a blockchain-powered supply chain platform. It was founded in 2015 and launched in June 2016. It uses distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The VeChain platform uses two tokens, VET and VTHO, to manage and create value based on its VeChain Thor public blockchain. Using two in-house tokens boosts the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users. VeChain launched in 2016, making it one of the oldest dedicated blockchain supply chain platforms on the market.
VeChain is the product of creator and co-founder Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China. Fellow co-founder Jay Zhang, who directs VeChain’s global corporate structure, governance, and financial management, previously worked for both Deloitte and Price Waterhouse Coopers in the finance and risk management sphere.
Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking products in a given supply chain, while reducing cost through trustless automation. VeChain’s model thus appeals to businesses looking to reduce supply chain friction and give a more transparent impression to clients.
VeChain’s official literature notes that its unique proposition lies in its dual-token setup, among other features. In-house token fees combine with charges for various services to generate operating income for the company, while token holders can engage in activities such as staking, thus providing liquidity in return for rewards.
VTHO and VET Tokens
The VET token is used for transactions and other activities, while VTHO provides fee payments and thus functions as a “gas token,” similar to how gas functions for Ethereum (ETH) transactions. VET holders automatically generate a small amount of passive income in VTHO, while 70% of the VTHO used in a VET payment is destroyed. VTHO is generated based on VET holdings, while VET itself has a maximum fixed supply of 86,712,634,466 tokens.
Bonus: More Up and Coming Cryptocurrency
The altcoins discussed so far have demonstrated longevity, strong communities and real use cases for their growth and development. We believe they are legitimate projects and not $h*t coins. Here are a few more altcoins that are a little riskier, but offer more growth (and profit) potential (Remember: do your own research before investing).
- Elrond (EGLD)
- Aave (AAVE)
- Uniswap (UNI)
- Oasis Network (ROSE)
- Ramp (RAMP)
- Synthetix (SNX)
- Zilliqa (ZIL)
- VeChain (VET)
- Kyber Network (KYB)
Note: Some of these altcoins may be more difficult to obtain, especially for US Citizens. Again, these are high risk, and you can easily lose money here. Buyer beware.
What is Cryptocurrency?
Cryptocurrency is a digital asset that can be exchanged. It is a payment method between individuals. It is exchanged among individuals on the internet. Furthermore, cryptocurrencies use cryptography to secure transactions on a block chain network. Miners use powerful computers to solve advanced equations in order to earn Bitcoin or other cryptocurrencies. Finally, mining makes the distributed ledger network secure.
The first successful cryptocurrency was Bitcoin. It was introduced to the world in January 2009. After Bitcoin came Ethereum. If Bitcoin is king, then Ethereum would be the queen. These two cryptocurrencies may be the best crypto to buy now in our lifetime. However, all investments come risks and you must do your own research to determine how to invest personally. In addition, Bitcoin is not one of the up and coming cryptocurrency projects, but is one to consider.
Bitcoin: A Peer-to-Peer Electronic Payment System Created by Satoshi Nakamoto
Bitcoin is an open-source, block chain-based technology that was designed as a peer-to-peer payment system. Furthermore, it is designed to be a decentralized electronic payment method. Payments can be conducted semi-anonymously among individuals. Bitcoin is digital cash. Many consider Bitcoin to be the best and most secure store of value coin you can own.
Furthermore, it uses block chain technology to maintain its function. In order for users to send and receive bitcoin, the block chain depends on miners. Miners use computers to complete complex calculations. The Bitcoin miners build blocks on the block chain. As a reward, the miners receive Bitcoin as payment.
Satoshi Nakamoto created Bitcoin in 2009. He wrote a 9-page white paper entitled, “Bitcoin: A Peer-to-Peer Electronic Cash System.” Bitcoin was the first cryptocurrency to experience widespread use and adoption. However, its use case has evolved over the years from a peer-to-peer payment method to a store of value model. Many Bitcoin users hold bitcoin much like you would hold silver or gold in an investment portfolio.
Why Bitcoin May Be the Winner (In the Long Run)
- First cryptocurrency to experience widespread use and adoption
- $1 Trillion market capitalization
- Use case as a peer-to-peer payment method
- Serves as a store of value much like silver or gold
- Deflationary money: Limited supply of only 21 million Bitcoins
- Replaces the US Dollar as World Reserve Currency
- Independence from Banks
- Borderless Payments
- Low Fees
- Meets all the requirements of the definition of money
Ethereum: A Block Chain Project That Uses Smart Contracts to Power Other Projects
Ethereum is an open-source, decentralized block chain project that is known for its smart contracts. It provides open access to money, via the Ether cryptocurrency coin (ETH), and technology, exemplified by the thousands of applications that are operating on the Ethereum network. The ETH coin of Ethereum is second only to bitcoin in market capitalization.
Like Bitcoin, Ethereum is a Proof of Work consensus system. This means that powerful computers all over the world are continuously solving complexed equations in order to build blocks on the Ethereum block chain. Whichever machine or miner solves the problem quickest, completes the block and receives a reward as payment: ETH coin.
Although Ethereum shares some features with Bitcoin, such as being able to make peer-to-peer transactions, they serve different purposes and audiences. Moreover, Bitcoin was the original decentralized payment system that didn’t require a middleman bank to conduct payments. Although Ethereum is used for payment sometimes, its primary purpose is to serve as the core block chain on which newer projects operate.
Ethereum uses a payment system for ETH. In addition, it implements smart contracts which allows entirely new projects to run on top of the Ethereum block chain. For example, in November 2017, the decentralized application “CryptoKitties” was launched. It is a digital collecting and trading app of virtual felines that works on Ethereum.
Reasons Why Ethereum May Be a Future Winner
- Industry leader in smart contracts
- Widespread use and adoption
- $120 Billion market capitalization
- Home of block chain decentralized applications (dapps)
- Well established decentralized payment network
- Serves as the block chain base for hundreds of projects
- Independence from Banks
- Borderless Payments
- Low Fees
Up and Coming Cryptocurrency Projects in 2021
Currently, in 2021, Bitcoin is trading around $60,000 per Bitcoin. Obviously, it is the least affordable crypto out there. However, there are many analysts who believe it could go much higher. But even more importantly, Bitcoin and other cryptocurrencies may break the banking chains that imprison us today. And it’s no longer a conspiracy theory to discuss cryptocurrency. Respected investors are taking it seriously like never before.
Future Predictions of Bitcoin and Ethereum Prices
Reputable Investors Foresee Exponential Growth in Bitcoin and Ethereum Markets
It seems clear that in 2021, Bitcoin and Ethereum have begun the next phase of expansion and adoption. As a result, the price of both cryptocurrencies will likely go much, much higher. In addition, these may be the best crypto to buy now. However, there are other good choices as well.
Anthony Pompliano and Max Keiser, two well-known investors in the Bitcoin space believe that Bitcoin price will exceed $100,000 in the next few years. Other investors like Mike Novogratz and Chamath Palihapitiya believe Bitcoin price is destined to go even higher to levels like $400,000 and $1,000,000, respectively.
As for Ethereum, investors are optimistic about its future price as well. Because Ethereum’s market capitalization is only $200 Billion, there is much room for growth. Continual adoption of Ethereum by institutional investors could easily lead to a $1 Trillion market capitalization, equating to a $7,500 ETH price. Investors such as Nigel Green and Blockfyre co-founder Simon Dedic predicted much higher prices ($2,500 – $9,000) for Ethereum in the future.
Several of the investors mentioned are worth Billions cumulatively and have a clear track record of investing in markets. They have been advising investors of which is the best crypto to buy now for years. As a result, their predictions are very serious.
Bitcoin Exchanges and More Information
Hopefully this article has helped you make a better decision about some of the biggest up and coming cryptocurrency projects. There are many exchanges that can be used to purchase cryptocurrency. Binance, Gemini, Kraken, Coinbase and so many more. Please do your research if you decide to invest. There are many scams in the crypto industry that are searching for an easy mark. If you want to learn more about Bitcoin and cryptocurrency, there are more articles by Piggy Bank Coins below.
Up and Coming Cryptocurrency Wrap Up
As you can see, there are many choices for the up and coming cryptocurrency projects. Cryptocurrency is a growing industry with a bright future. Blockchain technology is here to stay and will be a part of the growing tech revolution. As a result, cryptocurrency should play an important part in everyone’s investment strategy.
It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.
In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, in order to help you make the best choice for you.