Altcoin Market Up and Comings

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Altcoin Market Up and Comings
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The altcoin market has had an enormous outflow of capital in the last two years. Most altcoins today have lost their market values by more than 90% from their peak at the start of 2018. Enthusiastic crypto investors expect altcoins to start the new market cycle in the near future. They see the risk of investing getting lower and the potential reward getting higher, and are looking forward to the optimum time to invest – the maximum point of financial opportunity. What could be surprising is that a number of new cryptocurrency projects were launched in the last couple of years, despite downtrending market conditions. We highlight three projects to have on your radar, when considering fundamental and societal developments.

BitTubers

Image: https://bittubers.com/

BitTube is a blockchain-based ecosystem of media applications developed by Saber Maram, its CEO. Think about Social Media and Smart TV applications, for example. BitTube’s showpiece is BitTubers. You are without a doubt familiar with YouTube, Twitter, and Instagram. BitTubers is a social media platform within the BitTube ecosystem that tries to combine the best ingredients of the best existing platforms. This way the BitTubers team aims to turn theirs into the most user-friendly, with as few user limits as possible. All this is combined with an environment where content creators, streamers and users can exercise free speech and monetize the time that they spend on BitTubers. Monetization can be accomplished via the digital currency called Tube, which is a Monero fork without pre-mine. Viewers automatically mine Tubes when viewing content through the processing power of their computers, while content creators receive Tubes as their videos are viewed more often and for longer periods of time, creating a financial incentive to use the platform. The idea is that once viewers and creators realize the benefits of a censorship-free platform that allows them to make a living, they will become loyal users of BitTubers.

DERO

Back in 2017 three core developers started Project DERO. Today, DERO is a new blockchain-based distributed computing platform that combines privacy features from the CryptoNote protocol with smart contract functionality on its native chain. Enthusiasts often describe it as a combination of the best of Monero and Ethereum because of the mix of qualities. For stores, businesses, or any party that would be happy to use smart contracts privately, this sounds terrific. The DERO Virtual Machine – the smart contract ecosystem on DERO’s own blockchain – enables users to create smart contracts without any interference. It is totally private and protected against fraud with a new blockchain technology called directed acyclic graph (DAG) developed with Golang. That is not all: DERO is also faster than Monero and Ethereum. DERO’s Rocket Bullet Proofs were written exclusively for the project with unique code and are fast, secure, and scalable. The possibilities seem endless: all the project needs now are milestone partners to ensure long-term success. 

Constellation

Constellation is all about Big Data, providing infrastructure for an open decentralized data marketplace and an enterprise grade software solution for data provenance and integrity. The project has been focused on processing Big Data efficiently and securely as well as ensuring that the data is requested more insightfully by partners. Constellation prides itself on being secure, cost-effective, scalable, and easy to integrate. It guarantees a vast amount of data in a well-organized manner and with the necessary security in a decentralized data location. This project stands out because of its partnership with the United States Air Force (USAF). For the last few months, Constellation has been working on connecting various data silos for the armed force wing, improving interoperability, and provide audit trails and real-time overviews of data sources. An organization like USAF collects more and more data because of advancing air force technology. With the help of drones, satellites and planes, a huge amount of information becomes available for data analysis. However, it is important that this data does not end up in the wrong hands and that it is also available and can be received correctly, quickly, and insightfully by the correct USAF units. And that is exactly what Constellation helps with. Investors also know constellation as DAG, which is the ticker of the cryptocurrency.

Constellation is all about Big Data, providing infrastructure for an open decentralized data marketplace and an enterprise grade software solution for data provenance and integrity. The project has been focused on processing Big Data efficiently and securely as well as ensuring that data is requested more intuitively by partners. Constellation prides itself on being secure, cost-effective, scalable, and easy to integrate. It guarantees a vast amount of data in a well-organized manner and with the necessary security in a decentralized data location. This project stands out because of its partnership with the United States Air Force (USAF). For the last few months, Constellation has been working on connecting various data silos for the wing of the armed forces, improving interoperability and providing audit trails and real-time overviews of data sources. An organization like USAF collects more and more data because of advancing air force technology. With the help of drones, satellites and planes, a huge amount of information becomes available for data analysis. However, it is important that this data does not end up in the wrong hands and that it is also available and can be received quickly, efficiently and correctly by the right USAF units. And that is exactly what Constellation helps with. Investors also know Constellation as DAG, which is the ticker of the cryptocurrency.

All three projects – BitTube, Constellation, and DERO – have tried to introduce innovative concepts to the market. BitTube came out with a revolutionary social media platform, with the number of users is steadily growing. Constellation introduced a Big Data solution that has already advanced through its partnership with USAF. Of all altcoin projects out there, these three clearly have potential, should they receive support from the blockchain and cryptocurrency community. Provided the market conditions improve for the entire altcoin market, investors and potential partners are expected to receive them favorably.

Contributed by @LordCatoshi

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