Blockchain enthusiast developer and writer. My telegram: ksshilov
2020 has been a bad year for the financial markets, be it stocks, forex or properties, made worse by the COVID-19 pandemic. Does it mean that cryptocurrencies and blockchain projects are dead? Not at all! new projects with great potential continue to emerge and for new investors there are still ground floor opportunities that may offer good ROIs once the markets recover from the current financial crisis. Below are 10 new tokens we think are doing reasonably well and will ride through the current crisis in due time. We used a few criterias to select them, such as these projects must have groundbreaking technologies, provide solutions to real world problems, listed on CMC or CoinGecko, showing decent trade volume and respectable ratings by credible crypto info sites. Overall, these tokens have displayed steady performance during this bearish market period.
Level01 is an innovative decentralized finance platform, licensed by European regulators from Estonia. It has the backing of well known financial services providers such as Thomson Reuters/Refinitiv and DigiFinex.
What’s so unique about it? It combines many technologies: artificial intelligence, multi markets trading and blockchain into a single platform and app to provide novice and seasoned traders the fairest and safest derivatives exchange on the market. While many blockchain trading platforms concentrate solely on crypto trading, Level01 allows you to trade derivatives on many assets: Forex,, Gold, Oil, Bitcoin, Ethereum and etc. To decrease risks associated with these assets and speculative nature of derivatives trading, Level01 has its own AI algorithm, called Fairsense that estimates the real risk/reward ratio, using trusted data from Thomson Reuters, which helps users to be well-informed before making any trade decisions.
Level01 is a P2P platform, which means it matches contracts between users directly, without any middlemen or brokers in the process. That’s why it has low fees and fast trade execution, while eradicating issues associated with traditional brokerages such as hidden fees, price manipulation and prolong settlement at the same time.
Level01’s native token LVX has performed greatly against the current global pandemic and economic crisis, with it’s prices remaining steady and even climbing slightly compared to others crashing to over 35% including Bitcoin at this time of writing.
Exchange tokens are constantly in high demand as more people move into crypto or digital currencies. For example, the prices of Binance and Bitfinex tokens have gone up by hundreds of percent. Options or derivatives trading have much higher volume and liquidity than the crypto market. Add to the fact that many people are forced to stay home due to the global pandemic, options trading will definitely pick up more interest and traders. The token of a DeFi platform that combines cutting edge technologies and multi markets is definitely one of the most interesting pick of this year.
ATOM is a token of Cosmos, a long-awaited blockchain, which allows to create child blockchains with rules, defined by users. It consists of two parts: Tendermint Core and Inter-Blockchain Communications. Tendermint is the layer for blockchain development, a PoS system, that allows to create tokens, decentralized applications and child chains. Inter-Blockchain communications allows to create Hubs, that connect various child blockchains and even external blockchains into one zone with a common architecture. Cosmos is very fast and even has its own Ethereum implementation, called Ethermint, which allows to run smart contracts written in Solidity.
ATOM token is actively traded at many exchanges, has a daily volume of $277,880,624 USD, and has many partnerships, including Binance, which made a fork of Cosmos to create its own Binance Chain.
This project, Algorand, has a simple goal to be as user-friendly as possible, staying fast and secure at the same time. Algorand is a smart contract platform, similar to Ethereum or EOS, but it’s based on pure PoS consensus model. It has the pure finality, meaning that once a transaction is processed, it can’t be reversed. The platform allows to stake ALGO tokens, acting as a validator node, and receiving staking rewards in return.
ALGO has a daily volume of $141,785,689 USD and a large lists of partners - such as Bixin Capital, Continue Capital, Brainchild and Eterna. That’s a solid list, and definitely, ALGO is going to have a successful future.
It’s a token of the Reserve project, which aims to create a stablecoin cryptocurrency, RSV. The project has three phases:
RSR token is used to create new RSV tokens. When the price of RSV on the market is too high, arbitrageurs can send RSR to Reserve smart contract and receive new RSV tokens, to sell them and lower the price. The whole ecosystem is very similar to the MakerDAO. Currently, there’s also another token, RSD, a dollar stablecoin, as a temporary solution until the backing mechanism is developed. The Reserve ecosystem is still in the early stage, but when finished, it has the big potential, because the market is always in need for more stablecoins. Now the daily trading volume of RSR isn’t very high yet - $6,078,110 per day.
Beam is an open-source implementation of MimbleWimble, a protocol with enhanced privacy and high speed. It has no addresses and data storage is minimal, thus its miners don’t have to store Gigabytes of blockchain data. All of its transactions are confidential, and it features many types of transactions: escrow, atomic swapping and time-locked transactions. Despite being private, the Beam wallet can be configured to share its transactions for external audit - this allows Beam to be legally compliant. Also it supports the creation of various additional assets, such as real estate tokens, corporate debts and simply new currencies.
The current daily volume of the BEAM token, according to CMC is $32,577,799. It’s an actively traded currency, and its development is supported by a good dozen of funds, including Node Capital, Collider Ventures and many others. With the demand for both privacy and legal compliance, Beam might meet a solid demand in the next years - that’s why Beam made it to our list.
Hedera Hashgraph was promoted as “an alternative to the blockchain of the next generation”. It’s very fast, more than 10,000 transactions per second, and it’s based on hashgraph, which is another variation of distributed ledger technology. Hedera Hashgraph was backed by large corporations, such as Google, IBM, Boeing, Deutsche Telekom and Nomura, right from the start. Hashgraph technology doesn’t need miners, it’s similar to IOTA, because it’s also an another variation of directed acyclic graphs - that’s why it’s so fast. Aside from the cryptocurrency tokens, Hedera also offers smart contracts and file services. While its smart contracts concept is the same as on many other platforms (it supports Solidity language), the file service is worth explaining: it allows to create time stamps and link hashes of external documents to the public ledger, thus verifying them.
HBAR, the native token of Hedera Hashgraph, is traded on many exchanges, including Bittrex, with a daily volume of $14,157,877. It definitely won’t be an Ethereum killer, but with such giants as Google on board of its council, it has the potential to be very high in the crypto ranks.
Matic isn’t a separate blockchain, it’s a scalability solution for Ethereum, a second layer on top of the main network. It claims to be an implementation of Plasma, the solution similar to Lightning Network of Bitcoin, but in reality it’s not a true Plasma, as it’s not a child chain, but rather a side chain. Thus it doesn’t rely in its security on the Ethereum network. However, Matic is a well-known blockchain project. It has a working implementation, it has a PoS system, and it’s gonna be great for using in games for storing and transferring in-games items in form of tokens. In theory, it can achieve the speed of 65,000 transactions per second. The native token of Matic is traded with a daily volume of $34,757,963.
TomoChain is a highly-scalable blockchain that supports all Ethereum smart contracts and runs on PoS implementation with 150 nodes. Its main advantage is nearly zero-fee transactional system and instant confirmation time. Any user can run a masternode by having more than 50,000 of TOMO coins, or simply use them to vote for other masternodes and receive a share of its profits. It also has a large number of partners and investors, including HyperChain Capital, OneBlock Capital, Blockchain Investment Club and many others. Tomo has its own wallet, but voting and staking can be done via MetaMask or MEW. Its current trading daily volume is $36,758,886.
All of us know this one. BTT is the native token of BitTorrent, a popular P2P network, now owned by Tron Foundation. BTT token runs on the Tron blockchain, allowing content creators to be rewarded and spend their tokens without a middleman. Also it gives access to BitTorrent Speed, the service with a larger bandwidth, which means that by paying BTT you’ll be able to download everything faster. It’s interesting, considering that BitTorrent currently has more than 100 million users and has 22% upstream traffic of all Internet. Tron Foundation and its leader, Justin Sun, are known for great marketing of their products, so we can expect BTT to rise in crypto ranks in the future. Its daily trading volume is very high - $86,971,887.
The last token in our list is the ABBC Coin. They claim to be the future of the payment security. ABBC project creates a marketplace, that can host many merchants, and provides them an ecosystem for seamless connection with customers. It works on a DPoS consensus, allowing the network to handle as many customers as needed. It has some serious partnerships with the Rockefeller Foundation, Overstock, tZero, Alexander Capitals and many others - meaning that it’s a serious project and we have to watch it closely in the future - it may not be the sure bet, but at least it’s on the right track. Its daily trading volume is $32,389,797.