Promising Cryptocurrencies To Watch Out For In 2018

Last year 2017 was a great year for cryptocurrencies, the month of December proved to be one of the best months for cryptocurrencies. It saw the price of Bitcoin and altcoins rise, with Bitcoin reaching its all-time high of over $21,000. The first quarter of 2018 was really bad for cryptos, with most of them experiencing a drastic fall in price. As the second quarter of the year begins, we will see the promising cryptocurrencies. Some of them include;

Image Source : https://pixabay.com

Power Ledger
This is an Australian based cryptocurrency platform that allows users to trade renewable energy. This platform allows individuals to sell excess power back to the grid, it also affords them the opportunity to also purchase renewable energy. This platform makes use of a dual token system which are; POWR and Sparkz. These tokens are used for stability purposes on the platform.

This platform is promising because of its deal that was made with Greenwood Solution. This deal saw the platform make an announcement for the commercial deployment of energy. This platform also signed a partnership with HelpAnswers in order to develop and launch various peer to peer trading platforms for trading of renewable energy across North America.

Cardano (ADA)
Cardano is a decentralized platform that runs the ADA cryptocurrency. It happens to be the first cryptocurrency platform that was built purely on academic research. The primary focus of this platform is to provide a platform where smart contracts and Decentralized Applications (DApps) can run with verification. This makes the Cardano platform one of the most secure and reliable networks around.

As at last year, this cryptocurrency was seated at number 8 of the top ten cryptocurrency list. Since this year, it has climbed further to the 7th spot. The upgrade or move from Bryon to Shelley happens to be a milestone for the platform. While Bryon offers a secure platform for trading the ADA cryptocurrency, the Shelley protocol seeks to help Cardano become a fully decentralized and autonomous platform. Stakepool and Delegated Testnets are some of the features that come with the Shelley protocol. These features will definitely draw more people to the Cardano platform clearly meaning that more ADA tokens will be purchased.

Stratis
Stratis is a fully decentralized BAAS (Blockchain As A Service) network that was built to help developers' create customized blockchains that will solve certain problems. The primary focus of this platform is to provide corporations in the financial, medical, and technology industries a platform to not only test but also use customized Decentralized Applications for their various businesses.

The following features set to be added to the platform makes it more promising;
• Smart contract functionality
• The use of side chains
• Initial Coin Offering (ICO) platform
• A specially designed wallet protocol

These features make the Stratis platform promising. The side chains can make more cooperations adopt and make use of the Stratis platform for their decentralized applications. Clearly more users on the platform mean more purchase of the STRAT token.