Cryptocurrency Altcoins - Gain the Knowledge before Investing

in #cryptocurrency7 years ago

Cryptocurrency in general has been gaining a lot of traction during the first half of this year. This has been as well amplified through the different ICOs (Initial Coin Offering) being launched each month.

You have a good idea and want to start a business? Create a whitepaper, choose a name of a coin and launch an ICO for crowd funding. ICOs are raising millions of dollars and this money is funding the developers and company behind it to push the idea further and make it a real use case.

If you are one of those people who are interested in trading cryptocurrencies, or investing in some through acquisition and keeping them for the long term, one of the major criteria of success besides luck (Yes Luck helps), would be to make informed decisions based on knowledge and studies.

If you want to invest in any cryptocurrency on the long term, you should know its use case, what the team is trying to achieve out of it, which business challenges it solves or which market gaps it goes after.

I will contribute with a small part by sharing with you through the below table, some of the interesting cryptocurrencies launched recently and their use cases and roadmaps/Available Apps. This will help you shortlist the cryptos related to ideas you consider interesting so that you can research them further and invest in them based on that if you decide to.

This list is not exhaustive. There are a lot of coins available in the market today (800+). However, i have listed the ones i consider interesting and very new which might lead to gains as early adopters.






I hope this summary will help you get more exposure on the cryptocurrencies in general and the different use cases and ideas they are creating for the future.

Good luck as well for those willing to invest through an informative approach after doing the relevant research.

Michael

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Wow, great post @michoco911! Thanks for sharing, helps me to get up to speed quickly :-)