3 Altcoins With Real World Use Cases

As more and more Altcoins emerge, it can be hard to determine value when so many do not have even have a working product. This is a big reason that cryptocurrencies are considered a highly speculative investment. We wanted to take the time to highlight some projects that we think are addressing tangible use cases with specific applications and solutions! Here are 3 Altcoins that have real world use cases:

1. MTL (Metal Pay) - Metal Pay is building a payment app that is a lot like Venmo for cryptocurrencies. Using Metal Pay allows you to transfer money to anyone, any time, and rewards every transaction. Metal’s ‘Pop’ features automatically pays out 5% in MTL every time a payment is sent, and the app will support integrations with big banks such as Chase, BofA and Citi, offering an instantaneous bridge between fiat and crypto. MTL could push crypto towards the mainstream and would certainly be simpler solution to sending payment than the standard wallet address copy-paste method (which can limit non-technical folks). The team has been transparent in uploading Metal Pay demo videos to their youtube, and marketing is picking up around the upcoming app launch. it will be interesting to see how adoption of the app plays out and could be worth keeping an eye on as MTL trades at $3.60 on Binance currently.
2. PRL (Oyster Pearl) - Oyster Pearl is creating the future of website monetization and distributed storage, built on IOTA Tangle and Ethereum. Oyster enables a user-friendly way to implement both its revenue generation (only have to add a line of code). Website visitors contribute a small portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger - In return, the website owners get paid indirectly by the storage users and website visitors can enjoy an ad-free browsing experience. PRL trades at $0.81 USD on Kucoin and Cryptopia. The PRL team will be performing an airdrop of SHL(Oyster Shell) in the near future, SHL will be used to pay for connectivity and Dapp operation across the Oyster meshnet and SHL will be paid out automatically to all PRL holders at a 1:1 ratio.
3. ELA (Elastos) - Elastos is the building the first internet operating system that uses the internet as the base-layer infrastructure rather than an application. Elastos will call this the SmartWeb, and Dapps will be able to run on a peer-to-peer network without centralized control.The goal of the team is to build a new type Internet community with honesty and without network attacks. Recently, the team posted a photo of an iphone running on the Elastos operating system to Twitter (see tweet here). There has been a lot of mystery behind ELA as the circulating supply has not yet been reported on coinmarketcap, and many believe this number will be low due to a variety of lock ins by the team and some early investors; which could send the price higher. Regardless, after forming the G3 alliance with NEO and Ontology (ONT), Elastos is a project that is in good company, and could be worth checking out as it trades at $37 on Huobi currently.

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Bitcoin and IOTA

BTC (Bitcoin) - Bitcoin has taken a hit over the past few weeks as the bear market has creeped in, but this is not the end of the king. BTC is the staple cryptocurrency that has a devoted developer following, and proven effectiveness. Concerns over longer transaction times and higher fees will continue to subside as Lightning Network develops further, directly addressing these concerns in the process. Satoshi's vision is very much alive in Bitcoin and when the time comes for the next bull market, Bitcoin usually leads the surge ahead of Altcoins. It trades at $8,158 USD on Bittrex and Binance today.

IOTA (IOTA) - IOTA is a revolutionary, next generation public distributed ledger that utilizes a novel invention, called a “Tangle”, at its core. The Tangle is a new data structure based on a Directed Acyclic Graph. Three big advantages of IOTA are that it offers a network that is extremely scalable, has no fees, and is quantum-proof (something that is extremely valuable as we look towards the future of computing). Another aspect that has many excited is that transactions are self validating and do not require miners. IOTA is trading down at just $1.67 on Binance today and looks like a solid hold for the long term.

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

Hot Coins 🔥 Monero, Oyster Pearl & Wanchain

XMR (Monero) - Monero is a leading privacy cryptocurrency, XMR has been the leader in private and censorship-resistant transactions for a while and for good reason. Data privacy is of increasing importance in a world where our internet personas are ever tracked, followed and targeted. Monero is among the most reputable projects in the dev community and was recently found by a group of researchers at Princeton to be the only untraceable coin. Monero does not market heavily as most coins do, which should be considered a good thing. Although the market cap rank is 12th and the coin trades at $330 USD today on Bittrex, there is much room for growth in XMR.

PRL (Oyster Pearl) - Oyster Pearl is creating the future of website monetization and distributed storage, built on IOTA Tangle and Ethereum. Using smart contracts, revenue can be generated from online content by utilizing just a line of code in the front end in the website. Website visitors contribute a small portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger - In return, the website owners get paid indirectly by the storage users and website visitors can enjoy an ad-free browsing experience. Test net A released this month and Test net B is releasing next month, with the main net set to go live in May. Oyster Pearl is a project that has a lot of potential, PRL ranks 213 from a market cap perspective and currently trades at just $1.18 USD on Kucoin and Cryptopia.

WAN (Wanchain) - Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved and modern framework. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Jack Lu leads the team as a former senior software architect of Xerox and Hewlett-Packard, and with strong experience in decentralized technologies as the builder of Factom. With the test net going live last week and the coin set to begin trading on major exchanges before Chinese New Year, WAN should hit exchanges at ~$2-5 USD and should continue to rise from there if they are able to deliver.

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.