Crypto adoption has been gaining traction for years, and the pandemic has expedited it. Cryptocurrencies, particularly bitcoin, are increasingly being viewed as gold-like investments to protect against inflation during times of economic turmoil. Here are some of the newest Cryptocurrencies to enter the list, all of which have the potential to rise in July. These Cryptocoins have significant developments planned for July that could increase their value.
Swipe (SXP): $1.85
Current Price: $1.85
Market Cap: $174,273,559
Swipe (SXP) is an ERC-20 token, Ethereum's proof-of-work (POW) consensus mechanism and vast node network ensures its integrity.
Swipe is a platform with three major products that aim to bridge the fiat and cryptocurrency worlds: the Swipe multi-asset mobile wallet, the Swipe cryptocurrency-funded debit card, and the Swipe Token (SXP). Swipe was created by Joselito Lizarondo, an early Bitcoin investor and entrepreneur with extensive startup expertise. Lizarondo is the platform's CEO at the moment. Swipe was acquired by Binance, one of the world's most popular digital asset exchanges, for an unknown sum in July 2020.
Kava.io (KAVA): $3.79
Current Price: $3.79
Market Cap: $266,394,412
Kava is a decentralised lending platform that allows users to borrow USDX stablecoins and deposit a number of cryptocurrencies in order to start earning a return.
The Kava DeFi hub functions as a decentralised bank for digital assets, allowing users to access a variety of decentralised financial services, including USDX, the native USD-pegged stablecoin, as well as synthetics and derivatives.
Brian Kerr, Ruaridh O'Donnell, and Scott Stuart co-founded Kava Labs, Inc., the parent company behind Kava.
SelfKey (KEY): $0.007343
Market Cap: $33,532,467
SelfKey is a decentralised identity platform built on the blockchain. Individuals, businesses, exchanges, fintech startups, and banks can all use the technology to handle their identification data (oftentimes KYC).
Since 2014, the core team has been working on decentralised identification at firms like Standard Chartered Bank, Bitmax Exchange, EQIBank, and GSR. SelfKey (SelfKey.org/selfkey-wallet) is a non-custodial, free, open-source wallet that allows users to securely store and send both digital assets and their digital identities. Users can interact in the SelfKey marketplace, applying for products like a real-world bank account or company incorporation in a single click and paying with KEY.
Horizon Protocol is a revolutionary DeFi platform that allows users to trade synthetic assets that replicate the actual economy on the blockchain. Horizon Protocol uses smart contracts on the blockchain to provide exposure to real-world asset risk/return characteristics. Horizon Protocol will give the DeFi ecosystem interoperability, scalability, and a whole new set of tradable, real-world derivative products. Horizon Protocol's dedication to the Binance ecosystem and native implementation on Binance Smart Chain (BSC) provides consumers with the speed and reliability that the Ethereum blockchain currently lacks.
Pundi X (PUNDIX): $1.01
Market Cap: $262,134,431
Pundi X is a major creator of blockchain-powered devices, and their blockchain-based point of sale system aims to revolutionise retail operations. On its blockchain, the technology allows retail merchants and consumers to execute instantaneous in-store transactions. The Pundi X project's purpose is to make cryptocurrencies accessible to everyone. Rather than attempting to outperform the banking system, Pundi X aims to make the process of changing retail enterprises as simple as possible.
As the world's first point-of-sale system, the blockchain solution was founded in 2017 and launched its ICO in January 2018. Pundi X has successfully introduced retail-focused services including as XPOS, XWallet, and XPASS, as well as the world's first blockchain phone, BOB, following a successful ICO. Zac Cheah and Pitt Huang launched the Pundi X project in 2017.
Fetch.ai is a platform that promises to connect Internet of Things (IoT) devices with algorithms in order to allow them to learn together. It was founded in 2017 by a Cambridge-based team.
Fetch.ai is a decentralised problem-solving platform built on a high-throughput sharded ledger with smart contract capabilities for deploying machine learning and artificial intelligence solutions. Toby Simpson, Humayun Sheikh, and Thomas Hain founded Fetch.ai.
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