On Wednesday, November 8, 2017 there was an announcement that the Bitcoin hardfork has been suspended as there was no consensus among the Bitcoin community - this was a turnaround for the Altcoins as there was all round buying and these coins moved up somewhere between 5-30 percent.
Now the question is whether Bitcoin will march towards USD 8000 - 10000. Although, it looks highly unlikely as the price had gone up in anticipations of free coins after the hardfork.
Hence, now this is an opportunity for good quality altcoins to catch up with the gains of Bitcoin - furthermore, the CME announced circuit filters when Bitcoin is listed in the futures segment, the filters would be 7% - 13% and 20% on either side based on the previous day's closing price.
Thus, the circuit filters will snatch away the freedom of the Bitcoin investors - however in the bargain the altcoins will tend to benefit by the CME move.
In my opinion, there are excellent quality altcoins that have been quite subdued in the recent past because of Bitcoin rising in valuation by leaps and bounds.
Here are some of my favorite Digital Tokens:-
1)Ethereum: It is an open source public blockchain based distributed computing platform featuring smart contact functionality. Ethereum was proposed in late 2013 by Vitalik Buterin - a cryptocurrency researcher and programmer. CMP USD 300.
2)Litecoin: Is a peer to peer cryptocurrency and technically nearly identical to Bitcoin - it has almost zero payment cost and facilitates payments approximately five times faster than that of Bitcoin. CMP USD 60.
3)Ripple (XRP): This digital token is the most hated among the community. However, once the LION wakes up, it will put all others to bay - it is a real time gross settlement system (RTGS) currency exchange and remittance network by Ripple - the focus of Ripple is on banking system by providing fast and cost effective cross border payments. CMP USD 0.20565.
4)Salt: Is a blockchain backed ERC20 based loans platform - loans are provided against Bitcoin, Ethereum, Litecoin, Nem, Dash tokens. Members who can use Salt tokens are individuals, businesses, enterprises, exchanges, remittance services, gaming platform, miner's, ICO's, banks. CMP USD 3.79.
5)Waves: This is an open source blockchain platform that allows users to launch their own custom cryptocurrency tokens like Bitcoin and Ethereum and can be traded on external exchanges. Ethreum allows users to create new tokens on the platform using smart contracts - Waves includes functionality in its core software and wallet. Users can create, transfer and exchange blockchain tokens on peer to peer basis paying transaction fees in the native waves token. CMP USD 4.13.
Happy Investing!
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