CRYPTOCURRENCY | FINTECH
These altcoins are noteworthy because they are all in the top 100 on Coin Market Cap, under 25 cents, and most have a purpose and significant following.
Whether or not these altcoins have a defined purpose or they’re a meme coin, is irrelevant in this context. I am not saying you should marry these coins.
I’ve written about DOGE several times. It does have a simple utility; you can use it to buy products and services just as you would a dollar at nearly a dozen venues, including buying dog food at Petco and game tickets for the Dallas Mavericks.
DOGE Is Currently Ranked #8 on Coin Market Cap
Let’s discuss DOGE first and get it out of the way. I own DOGE, but I wouldn’t recommend buying large amounts, hoping it would go to $1.00.
Sure, buy it if you don’t mind a volatile altcoin/meme coin driven by the media. Most notably, the Dogefather himself, Elon Musk. Whenever he farts, DOGE pumps.
Consider this, to reach $1 per coin, it would have to 10x with a circulating supply of 132,670,764,300 coins and no maximum supply.
That would take a lot more than Musk saying, “If there is no other choice, I will make an alternative phone.”
So, after that Tweet, look at this daily chart for DOGE.
USD to DOGE 1-Day Chart
DOGE Price & Tokenomics Data
“The live Dogecoin price today is $0.104391 USD with a 24-hour trading volume of $1,361,260,142 USD. We update our DOGE to USD price in real-time. Dogecoin is up 12.98% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $13,849,645,762 USD. It has a circulating supply of 132,670,764,300 DOGE coins and the max. supply is not available.” — Coin Market Cap.
An unavailable max supply means they can decide to “print” more anytime. If you understand “supply and demand,” that could dramatically affect the price.
However, it could be a day-traders dream if you don’t mind the risk. Never mind charts — just watch Twitter consistently.
Just a thought. If Musk announces that DOGE is the official crypto of Twitter, what do you think will happen to the price?
This Tweet will put DOGE into perspective for you.
Remember to DYOR because these people are considering the all-time price. Likely some weeks would be included before DOGE was even listed.
VeChain is #32 on Coin Market Cap
My next suggestion to consider is a promising altcoin with a strong community, VeChain (VET). When you hear the YouTube “gurus” talking about a 2-cent cryptocurrency that could 100x, VET is it.
⚠ $1.42 VET ⚠ is VeChain VET a good price for LONG term hold? Long Term VeChain Price Prediction
#crypto #cryptocurrency #cryptonews #VET $VET
I have written about the coin, so if you want a “deep dive,” read my post below:
VET to USD Chart All-Time
VET Price & Tokenomics Data
“The live VeChain price today is $0.018997 USD with a 24-hour trading volume of $27,923,373 USD. We update our VET to USD price in real-time. VeChain is down 1.04% in the last 24 hours. The current CoinMarketCap ranking is #32, with a live market cap of $1,377,507,233 USD. It has a circulating supply of 72,511,146,418 VET coins and a max. supply of 86,712,634,466 VET coins.” — Coin Market Cap.
XLM’s official purpose is to connect global financial systems and to provide a proven protocol to pay financial institutions and payment providers. It is set up to transfer financial resources reliably, quickly, and efficiently at a minimal cost to the sender and recipient.
Instead of paying $50 or $100 at a brick-and-mortar bank, you can send money worldwide securely for next to nothing. XLM links banks, individuals, and payment processors to permit the user to create, trade, and send various cryptocurrencies.
What is STELLAR? XLM Crypto Explained! (Animated)
#XLM #Stellar #StellarXLM
XLM to USD Chart All-Time
“The live Stellar price today is $0.090827 USD with a 24-hour trading volume of $52,924,291 USD. We update our XLM to USD price in real-time. Stellar is up 1.61% in the last 24 hours. The current CoinMarketCap ranking is #25, with a live market cap of $2,334,075,092 USD. It has a circulating supply of 25,698,166,876 XLM coins and a max. supply of 50,001,806,812 XLM coins.” — Coin Market Cap.
Chiliz (CHZ) is #40 on Coin Market Cap
Many CHZ HODLers hoped the World Cup would provide a pump for this sports-oriented altcoin. So far, that has not happened, though the timing is terrible considering the “crypto winter.”
NOTE: This is not an endorsement of 10K World Cup.
CHZ is based in Malta and is a leading FinTech provider of digital currencies for entertainment and sports. It operates the entertainment and sports enterprise platform Socios.
It provides multiple sports tokens for fans and enables these users to take part in the administration and control of their favorite sports teams.
CHZ has established multiple partnerships with some of the world’s largest sports enterprises, such as Manchester City, FC Barcelona, Paris Saint-Germain, and Juventus Turin.
What is Chiliz? CHZ Tokenomics Explained (with Animations)
#chilizchz #chztoken #tokenomics
CHZ to USD Chart All-Time
CHZ Price & Tokenomics Data
“The live Chiliz price today is $0.173985 USD with a 24-hour trading volume of $151,943,284 USD. We update our CHZ to USD price in real-time. Chiliz is down 1.38% in the last 24 hours. The current CoinMarketCap ranking is #40, with a live market cap of $1,067,742,500 USD. It has a circulating supply of 6,136,972,228 CHZ coins and a max. supply of 8,888,888,888 CHZ coins.” — Coin Market Cap.
Ziliqa (ZIL) is #91 on Coin Market Cap
ZIL has been an extremely volatile altcoin. Its initial coin offering (ICO) was 14 cents when it raised $22,000,000. It is now well below that price at two cents. However, it has an active community and could pump well above its all-time high of 25 cents in MAR ’20 during the next bull run.
This is another altcoin that could do well for day traders as it is only two cents per coin and very volatile.
What is ZILLIQA? ZIL Crypto Explained! (Animated)
#ZIL #Zilliqa #ZilliqaCrypto
ZIL to USD Chart All-Time
ZIL Price & Tokenomics Data
“The live Zilliqa price today is $0.023104 USD with a 24-hour trading volume of $28,234,827 USD. We update our ZIL to USD price in real-time. Zilliqa is up 0.74% in the last 24 hours. The current CoinMarketCap ranking is #91, with a live market cap of $313,838,454 USD. It has a circulating supply of 13,583,694,277 ZIL coins and a max. supply of 21,000,000,000 ZIL coins.” — Coin Market Cap.
My Final Thoughts & Recommendations
I am not a financial advisor. I recommend you, DYOR, never use money you can’t afford to lose when you invest, and never leave your altcoins on an exchange.
I own four of the five coins listed here, but I chose Ripple’s XRP instead of XLM as they serve similar purposes. I didn’t write about XRP here because it doesn’t fit the model I was writing about. I still believe it is a worthwhile coin to buy-and-hold, even though there are only a few exchanges you can purchase it.
It could be worthwhile if you can afford $50 to invest in each of these coins. Maybe with a holiday bonus or something.
Well, that’s all I have for today. This is Top Dalton, the Crypto Docent and I’m out.
DISCLAIMER: This article is for entertainment and informational purposes only. It should not be considered financial or legal advice. Not all information will be accurate. I am not a financial adviser and anything I propose should be considered friendly banter to show you what is possible if you invest your money in these vehicles. However, there are no guarantees. Consult a financial professional before making any significant financial decisions.
#Cryptocurrency #ETH #Bitcoin #VET #XLM #CHZ #ZIL #DOGE
Stephen Dalton is a retired US Army First Sergeant with a degree in journalism from the University of Maryland and a Certified US English Chicago Manual of Style Editor. Also, a Top Writer in Nutrition, Travel, Fiction, Transportation, VR, NFL, Design, Creativity, and Short Story.
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