Cryptocurrencies have been on a tear this year, with more coins coming online every day. At the moment, there are more than 1,600 digital currencies available to trade—and that number continues to grow. With all these options, it can be tough for new investors to choose which cryptocurrencies are worth keeping tabs on. However, as demand for particular tokens increases—and as more and more people begin to recognize their value—the demand for these coins tends to increase as well. That being said, not every overvalued cryptocurrency is created equal. Some of them stand out from the rest primarily because they’re in high demand and because they offer new features that make them appealing to new users. These features might not be useful or important for long-term projects, but they could help popular tokens reach even greater heights than they already have. And as alt season rolls into all cruise season, some of these ideas could become big sellers in the near future too.
What is a Cryptocurrency Icon?
A cryptocurrency icon is a type of image file that’s been specifically designed to represent a specific digital coin. These icons typically consist of a logo, a color palette, and an outline of the cryptocurrency’s name. They’re used in almost all cryptocurrency-related contexts, including digital wallet logos, social media profile visuals, and website headers. A cryptocurrency icon might be simple and straightforward, or it might be more complex. It might also feature an abstract design that highlights the coin’s unique features. In any case, a cryptocurrency icon is often a great way to make digital currency more recognizable and accessible for new investors.
Stellar is a cryptocurrency that’s been around since 2014. Unlike most other major coins, Stellar isn’t designed to be stored online; instead, it’s designed for easier use in international financial transactions. Stellar Lumens (XLM) are the coin’s official token. Like many other coins, XLM can be used to make payments—but it can also be exchanged for other currencies and used to invest in financial products. For example, financial institutions use Stellar Lumens to digitize assets like stocks and bonds. These assets are then owned by the institutions’ customers, who can trade them on a variety of financial platforms.
Cardano is a new cryptocurrency that’s been around since October 2017. Like most other coins, they can be used to store and exchange digital currency. However, Cardano also has lots of advanced features built-in. For example, its smart contracts can handle complex legal agreements, allowing businesses and individuals to conduct more complex transactions without involving a third party. Its decentralized computing platform, called the Cardano blockchain, is also highly scalable and secure. And it’s worth noting that Cardano has already partnered with a number of top-tier businesses, including financial services provider Tunavail and the healthcare services company IOHK.
NEO is a relatively new cryptocurrency that’s designed to be a more efficient alternative to Ethereum. Like Ethereum, NEO has its own blockchain ecosystem. But where Ethereum focuses on smart contracts and decentralized applications, NEO lets users store and exchange digital assets. And like other cryptocurrencies like Bitcoin and Ethereum, users can use NEO to buy goods and services online. But what makes NEO stand out is its focus on building a more open and decentralized society. To do this, NEO is developing an ecosystem of decentralized apps, dubbed the “Neo Smart Economy.” This ecosystem aims to connect people, technology, business, and government—and it may be worth keeping an eye on as its popularity grows.
TRON is another relatively new cryptocurrency that’s been around since July 2017. Like NEO, TRON is another alternative to Ethereum. Unlike NEO, TRON’s blockchain has its own cryptocurrency, too—the TRON token. And TRON’s ecosystem is designed to be much more interactive than NEO’s, with TRON plans to support decentralized apps that enable users to create their own eSports and gambling platforms. TRON is also exploring creating its own decentralized entertainment app.
Ripple offers one of the most straightforward cryptocurrencies to invest in. Like many other coins, it can be used to make payments online—but it also offers a seamless option for banks and other financial institutions to transfer money. Like Ethereum, Ripple has its own blockchain ecosystem. But where Ethereum focuses on smart contracts and decentralized applications, Ripple focuses on offering faster and cheaper remittances and payments through its Interledger Protocol. Ripple is also exploring a variety of other uses. For example, it’s working with a number of major companies to provide payment options that bypass the current banking system. And it’s also exploring other ways to use its blockchain technology, like building a global supply chain system to track agricultural products.
Ethereum Classic is an offshoot of Ethereum that was built on the original Ethereum blockchain. Like most other cryptocurrencies, it can be used as a form of digital money. But unlike most other coins, Ethereum Classic is worth holding as a store of value. That’s because it could appreciate in value as Ethereum’s popularity grows. What makes Ethereum Classic stand out is its focus on building a more open and decentralized society. To do this, Ethereum Classic is developing a plan to create a decentralized computer network that anyone can use. This computer network, called the Ethereum Classic chain, is meant to be a functional alternative to Ethereum. In other words, if you want to use a product or service that’s only available on Ethereum, you might want to hold Ethereum Classic instead.
Binance is a relatively new cryptocurrency that’s focused on making it easier for users to trade coins and tokens. Like most other cryptocurrencies, Binance offers its own blockchain ecosystem, with a native coin called BinanceCoin. But where most coins are meant to be bought and sold, Binance is focused on making it easier for users to trade coins and tokens. Binance has also developed a new trading platform, called Binance DEX, that uses a decentralized algorithm. This platform has helped it become one of the most popular trading platforms for cryptocurrencies—and its native BinanceCoin has also helped it become one of the most popular cryptocurrencies.
As long as there are new coins being created, investors will need to keep an eye out for new cryptocurrencies that are worth buying. And because some of these coins are only worth investing in if they’re particularly popular, investing in them could be a great way to make money off of popular coins’ rises in value. That’s why these cryptocurrency icons are worth keeping an eye on—as they could be worth investing in soon too. Bitcoin Png