Crypto portfolio guide with Forex.ee #3
In today's final post from the "Crypto portfolio" series,
Forex.ee will tell you about four cryptocurrencies available for trading. Each currency can be a great addition to the trading portfolio of cryptocurrency traders. Perhaps these crypto assets are what you need.
1. IOTA (IOT). IOTA differs from other cryptocurrencies in its technology. This is not the usual blockchain, but the Tangle technology, the advantage of which is the speed of transaction confirmation. When creating the cryptocurrency, the developers relied on the revolutionary idea of the Internet of Things, which can become a new branch of technology development. It is noteworthy that many leading tech companies such as Microsoft, Samsung, IBM and Google are also engaged in the development of Internet of things technology. IOTA is currently cooperating and negotiating with some of them. Interesting fact: it is impossible to mine IOTA coins, all coins were issued when the cryptocurrency was launched.
Launched: June 2014
Current price: $0,5044
Total capitalization: $1,40 billion
2. Monero (XMR) is a cryptocurrency aimed at preserving personal data using the CryptoNote protocol, which is not a fork of Bitcoin and has algorithmic differences associated with mixing data within the blockchain. Its developers focus on optimizing the codebase to guarantee a high level of privacy. Due to anonymity, Monero transactions take up 8 times more space than Bitcoin transactions. Interesting fact: in 2016, the currency capitalization increased by 2760%.
Launched: April 18, 2014
Current price: $104,46
Total capitalization: $1,69 billion
3. The name of the
NEO cryptocurrency comes from the ancient Greek prefix "νεο", which means "new", "young" and "modern". The NEO team wanted to use an ancient word that would give modern meaning—a bridge leading from the physical world to the digital world. Before the rebranding, the currency was called Antshares. Some call NEO "Chinese Ethereum" because the cryptocurrency also uses smart contracts. However, according to the developers, they are more advanced and error-free.
It is noteworthy that the partners of the cryptocurrency are not only large companies such as Microsoft Azure, Alibaba, but also Chinese authorities. This is important, because the world knows China's policy towards modern cryptocurrencies. Before the ban on cryptocurrency exchanges and ICO, Chinese authorities held a consultation with the founder of NEO Da Hongfei.
Launched: October 17, 2016
Current price: $16,152
Total capitalization: $1,04 billion
4. OMNI (OMN) is a platform for creating assets and currencies known as MasterCoin until March 2015. The token is a fork of Bitcoin. OMNI uses and extends the advantages of the Bitcoin technology. For this purpose, Omni Layer is used, which includes currency exchange facilities, a crowdfunding platform and other tools.
Launched: July 31, 2013
Current price: $4,513
Total capitalization: $2,47 million
Want to try yourself in cryptocurrency trading? Forex.ee provides comfortable trading conditions for ECN Crypto accounts:
• The minimum lot is 0.01, the leverage is 1:3.
• 35 trading instruments: cryptocurrency pairs with Bitcoin, USD and Euro.
• Spread depends on liquidity.
• Commission is only 0.5% of the amount in base currency.
• Trading available 24/7.
• Fast speed of order execution (200-300 ms).
• Trading through the well-known MetaTrader 4 trading terminal.
You can make a deposit to your Forex.ee trading account in cryptocurrencies — Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum (ETH) — with 0% commission!
Trade cryptocurrencies safely on the
ECN Crypto account with Forex.ee, a dynamic broker that has been providing comfortable conditions for cryptocurrency trading since 2014!