Blocked Unblock Follow Following I am a crypto enthusiast. Fascinated by digital currencies and its underlying technology, always curious to learn more about cryptocurrencies. Nov 29 Crypto assets surviving turbulent times Bitcoin’s tumble worsened over the weekend. In such time, when bitcoin market is extremely bearish, investors are speculating as to what might have gone wrong. Here is the list of factors, that in my opinion, could be the reason behind its fall: Very scary bug discovered in its code . The attacker could have exploited this vulnerability and created more coins than its hard cap limit of coin creation(21 Million).
This resulted in inflating the supply and devaluing current bitcoins. The developers initially kept it a secret and urged users to upgrade their software.
Hard fork that happened on November 16th , the markets started to react with negativity. Now there are two competing versions(Bitcoin ABC and Bitcoin SV) of updates for Bitcoin cash with rules incompatible with each other.
This has resulted in a war like situation or the “Hash war”. Turning a large amount of hash power to one coin to another would unbalance the network. On Poloniex , a trading platform that is already listing both offerings, Bitcoin ABC is priced roughly three times higher than Bitcoin SV. Google announced banning all cryptocurrency related ads pushing Bitcoin prices to an all month low.
However, Facebook is reversing its ban on some cryptocurrency ads. Advertisers will need to apply, but ICO ads are still banned. These restrictions too had a negative effect on Bitcoin’s price. Stringent regulatory laws and restrictions SEC made announcement on Friday(16th Nov.
) that the operators of two “Initial Coin Offerings” (ICOs) broke the law by selling unlicensed securities, and must pay fines and restitution. This sort of hard measures are enough to shoo away crypto investors.
Chip-makers Nvidia and Advanced Micro Devices recently reported steep sales declines for cryptocurrency equipment . I wonder could this be one of the reasons. From this, it is quite evident that Bitcoin is losing its charm. So this was about various factors that, in my opinion, could be the reasons behind Bitcoin’s price drop. But there are numerous cryptocurrencies that are able to survive in this bearish market.
These have been able to defy the notion which is very famous in cryptosphere and that is “If Bitcoin sneezes, all other cryptocurrencies take cold” and here is the list of some of these dare devils: cryptocurrencies that are surviving the bearish market Let’s first talk about token Smartlands is low-risk future-proof security token, secured by real, profitable assets in agriculture. Smartlands platform is powered by the Stellar network. It started trading on Friday, January 26th 2018, for a first price of $0.
1908. Smartlands’s all time high was $6.34. Currently, Smartlands is priced at , $5.
95, 6.10% lower than its all time high and all time high in BTC was 0.00153098. currently it is priced at 0.
00147726, 3.51% lower than its all time high. Over the last 6 months, the price of Smartlands ranged between $2.20 and $5.
38, rendering a compound monthly growth rate of and an extrapolated compound annual growth rate of 5.00%.
and now on 23rd Nov., 2018 they announced about new updates and new features and details of the same can be checked here .
Smartlands platform has entered into a big partnership with Colliers International, a global leader in real asset services and investment management company that has assets in sixty-nine countries and has managed about $2.7 billion in revenue in 2017. This announcement might have proved game changer for Smartlands. Here is a snapshot of its performance for the last three months: Moeda is a seed funding platform for local businesses.
Moeda is a digital token which is fiat-pegged. It started trading on Tuesday, September 12th 2017, for a first price of $2.23. Moeda Loyalty Points’ all time high in BTC was 0.00083358(currently priced at 0.00029343) and all time high in USD was $4.
56.
Currently it is priced at, $1.
18, 74.07% lower than its all time high. Moeda Loyalty Points’ price ranged between $0.5847 and $0.5736 over the past 3 months. The release of the team’s first seed project in August and a fiat pegged token deployed on the Moeda (MDA) ecosystem in September further proved to be a catalyst for price rise. Adigital account and wallet are anticipated this month as developers continue to meet their production goals. Over the last 6 months, the price of Moeda Loyalty Points ranged between $0.
6966 and $0.7662, rendering a compound monthly growth rate of and an extrapolated compound annual growth rate of 0.
21% . Moeda debit card is ready for roll out on 30th November.
Here is a snapshot of its performance for the past three months: OneRoot Network, although still considered a new currency, is trading in the green. Oneroot helps resources (software, hardware, manpower, etc.
) circulate inside and outside the industry quickly, improves the utilization efficiency and promotes the development of the entire industry. It started trading on Tuesday, January 16th 2018, for a first price of $0.
1369. OneRoot Network’s all time high in BTC was 0.00002328. Currently, it is priced at 0.
00001301, 44.13% lower than its all time high and all time high in USD was $0.1512 and right now,it is priced at $0.0524, 65.
37% lower than its all time high. Bithumb, South Korea’s second-largest crypto trading venue, is launching its own global decentralized cryptocurrency exchange (DEX) in partnership with One Root Network (RNT) , This can be the reason for its price rise. OneRoot Network’s price ranged between $0.0493 and $0.
0468 over the past 3 months. It is surviving well in bearish market and here is a snapshot of the same: LKY is a proof-of-work (PoW) token that uses the Scrypt hashing algorithm. It started trading on Thursday, August 16th 2018, for a first price of $0.7775.
Linkey’s all time high in BTC was 0.00017557 and currently, it is priced at 0.00017103, 2.59% lower than its all time high. Linkey’s all time high in USD was $0.8983. Currently it is priced at $0.6898, 23.
21% lower than its all time high. Linkey grew as much as 17.22% in a single day on Saturday, August 25th 2018. Linkey’s price ranged between $0.
7935 and $0.6357 over the past 3 months.
Here is a snapshot of its performance for the last three months: It is a loyalty token which is designed to maintain liquidity and market efficiency through the incentivisation of platform loyalty. It started trading on Wednesday, May 30th 2018, for a first price of $0.
4027. Nectar’s all time high in BTC was 0.00009116. Currently,it is priced at 0.
00007543,17.26% lower than its all time high. And its all time high in USD was $0.5754.
Currently, it is priced at $0.3047, 47.04% lower than its all time high. Nectar’s price ranged between $0.
3196 and $0.3100 over the past 3 months. Here is a snapshot of its performance so far: The NEXO Token is a US-SEC compliant, dividend-paying, security-currency which is backed by the assets in Nexo’s loan portfolio. It started trading on Wednesday, May 2nd 2018, for a first price of $0.
1906. Its all time high in USD was $0.4159. Currently, it is priced at $0.
1069, 74.30% lower than its all time high. Its all time high in BTC was 0.00004464.
Currently, it is priced at 0.00002651, 40.61%, lower than its all time high. Nexo’s price ranged between $0.0622 and $0.1076 over the past 3 months, which means it had a compound monthly growth rate of 20.02% , and an extrapolated compound annual growth rate of 7.94% .
Nexo announced that they are now the only company in the blockchain space to service 200+ jurisdictions in 40+ currencies. They are accepting new crypto assets as collateral. Users interest is therefore increasing in Nexo. Here is the snapshot of its performance for the last three months: RFR token can be bought or earned through actions on the Refereum platform such as watching streams. It can also be used to buy products and services, such as new games, or cashed out for fiat currency. It started trading on Friday, March 2nd 2018, for a first price of $0.0219. Refereum’s all time high in USD was $0.
0195. Currently, it is priced at $0.0031, 84.
19% lower than its all time high.
And all time high in BTC was 0. 202. Currently, priced at 0. 76, 62.
13% lower than its all time high. Refereum’s price ranged between $0.
0048 and $0.0024 over the past 3 months and it is surviving in bearish market.They boast of hitting the maximum Telegram room size 3 times, and kept asking for more. Refereum growth engine could be the reason behind its success which is uses for growing, engaging, and rewarding their communities and hence the result. Here is the snapshot of its performance in the last three months: Now, I will start listing coins that are surviving the test of time HappyCoin provides a decentralised peer-to-peer technology that enables all merchants and mobile users worldwide to make blockchain payments and transactions at physical stores. It started trading on Tuesday, April 18th 2017, for a first price of $0.0019.
Happycoin’s all time high in USD was $2.78. Currently, it is priced at $0.3557, 87.
21% lower than its all time high. And its all time high in BTC was 0.00043000. Right now, it is priced at 0.00008809, 79.
51% lower than its all time high. Happycoin’s price ranged between $0.1264 and $0.3410 over the past 3 months, which means it had a compound monthly growth rate of 39.
23% , and an extrapolated compound annual growth rate of 52.04% .
It’s been doing well. Latest news is that they are going to hold a donation event on 23rd December,2018. HappyCoin can be used to consume, shop and for independent living. As a first local digital currency, It is one of the first local digital currencies being adopted widely . Talking about its performance over the past three months here is a snapshot: Primecoin is an innovative currency derived from Satoshi Nakamoto’s Bitcoin, Primecoin introduces an unique form of Proof-of-Work based on prime numbers. Primecoin utilizes the finding of prime chains which are made of Cunningham chains and bit-twin chains . It started trading on Thursday, July 11th 2013, for a first price of $0.2634.
Primecoin’s all time high in USD was $7.27. Currently, it is priced at $0.2419, 96.67% lower than its all time high.And its all time high in BTC was 0.01406130. Right now, it is priced at 0.
00005939, 99.58% lower than its all time high. The canonical attack, the so-called “double spending” fraud increased popularity of prime coin. Primecoin’s price ranged between $0.9839 and $0.1913 over the past 3 months.
Its performance for the last three months: Unobtanium Coin is a cryptocurrency based on a proof-of-work algorithm and focused on a fair and stable distribution system. Unobtanium is merged mined with Bitcoin.
It started trading on Saturday, December 21st 2013, for a first price of $5.10.Its all time high in USD was $379.22. Currently, it is priced at $58.
62, 84.54% lower than its all time high. Unobtanium’s all time high in BTC was 0.06683720. Right now, it is priced at 0.
01459906, 78.16% lower than its all time high. Since the metal is rare in itself and critical mineral of earth so its cold storage appeared to masses as a unique idea and second possible reason could its low supply and hard cap . Its price ranged between $130.59 and $63.64 over the past 3 months and here is the performance chart: InterCrone is a decentralized PoS cryptocurrency that is backed by Edjowa exchange and can be used for smart transactions between parties and even use them to buy merchandise and services. It started trading on Wednesday, August 8th 2018, for a first price of $0.
3656. Its all time high in USD was $1.94. Right now, it is priced at $0.0664, 96.57% lower than its all time high. InterCrone’s all time high in BTC was 0.
00029576. Right now, InterCrone is priced at 0.00001657,94.40 lower than its all time high. InterCrone’s all time high in BTC was 0.00029576. It’s been created in Austria jointly with Germany and been pushed locally too much in Germany which seems to maintain this token. It’s a newly launched coin performing decent.
InterCrone’s price ranged between $0.6105 and $0.0506 over the past 3 months and here is the performance chart: OFF-LINE PROMOTION The above piece of information was my analysis on some of the tokens and coins that have been strong enough to survive in turbulent times. The list is long, there are many good performers left also.
But, I have tried to provide all necessary details regarding the coins listed above. I hope this will be of some help to you. Do add to the coin list that you think were worth mentioning. You can list it in comments below.
Also suggest next topic that you would like me to write on. Stay tuned for my next post and have a good day! .
