Out of 10 Cryptocurrency coins that are on top of the hill, there are just a few within the market capitalization that are valuable and can be mined.
Cryptocurrencies that are mineable are mostly based on blockchain technology. Cryptocurrency such as XRP and NEO are not mineable because they lack public blockchain standards, therefore making it difficult to mine. In this case, XRP and NEO
Crypto coins joining valuable and mineable coins such as BTC, ETH, LTC and BCH include BSV, XMR, DASH, Zcash etc. These coins joining the mineable coins are worth 2.2 percent of the whole crypto economy while the top 8 mineable coins worth 67.7 percent far more than other Cryptocurrencies and these coins can be mined by interested individuals provided that you have a machine (computer) with standard ASIC and GPU.
Here are the top 5 cryptos that are not just mineable but valuable as well. First on the list is Zencash (ZEN). It is more valuable to mine with it expected returns higher than Bitcoin (BTC) and Ethereum (ETH). Zencash technology was at its peak during the past months with 800 percent rise in the price of ZEN. It is advisable to mine Zencash using Nicehash software on your computer.
Bitcoin, it gained much attention with its huge marginal price level. A valuable coin such as Bitcoin which is mineable has the highest price score overall altcoins since its invention till now. Bitcoin exhibits an anonymous peer-to-peer crypto transaction which makes it valuable to mine. You can mine Bitcoin on your machine (PC) using software such as Easyminer, BFGminer, and Minepeon. Minepeon is best for mining bitcoins as recommended by Cryptocurrency miners.
Monero (XMR) is currently the most valuable and free mineable coin in the month of February 2019 till now. The best software to mine free Monero (XMR) is Minergate. With free fifteen days of mining Monero and no fee is charged when you reach your minimum withdrawal. You definitely need to try your hands on Monero coin.
Ethereum (ETH), you might be wondering why Ethereum is part of the top five. Well, ether is a native currency of the Ethereum technology. ETH has been in the mining system for a long time now. It performs a range of function which makes it so special. The price of Ethereum surged more than 200 times for the past years.
The asset of Ethereum attracts serious speculative investors with increasing interest value that is over 1000 times within a month. That makes it valuable to invest and mine as well. This interest attracts fresh capitals into the Cryptocurrency ecosystem. But can be damaged within a short period of time, which can affect the crypto economy.
In September 2017 Electroneum (ETN) was launched into the Cryptocurrency ecosystem. One remarkable thing about this coin is that it can be mined using your mobile phone or via CPU and GPU. Even though the price has not increased for some time now after its launch. Electroneum is one of the promising coins which has less value but mineable from 2017 till date.
The idea behind electroneum is to target smartphone users. Buy triggering 2.20 billion users to mine Electroneum coins in other to gain popularity. Even though the value on market price is not as high as Bitcoin, Ethereum etc. But very predictable and promising to mine and more valuable than most crypto coins on the crypto ecosystem.
Cryptocurrency that is not mineable face a lot of challenges like criticism from people that they are just wasting time and resources. Well, for me I think they just need more time in other to be well known and recognize in the Cryptocurrency economy just like how Bitcoin and Ethereum started.
Peter Schiff Warns Of A Possible Crash Of Bitcoin Below $2,000
Peter Schiff, a stockbroker, and financial commentator took to Twitter recently to voice his opinion on the direction of BTC. Though he said the crypto asset is on his way to $6K, however, warns that things can go worse, driving price below to $2K.
A Possible Crash Below $2,000 For Bitcoin (BTC)
Peter Schiff, is known for his love for gold while exhibiting intense hate for bitcoin. However, he has kept an eye on bitcoin, updating the community about its impending crashes to prove his point that bitcoin is worthless.
Though he admitted possessing some bitcoin, his recent tweet still shows he doesn’t see the asset as a wise choice for smart investors.
Peter Schiff, in his recent tweet, expressed how horrible things were looking for bitcoin. According to Mr Schiff, bitcoin is in a move to complete a popular pattern, the head-and-shoulder, which will see the asset drop in value to about $6,000. Furthermore, he opines that bitcoin could slump drastically below the $2,000 mark if the pattern is completed.
While many do not agree with Peter Schiff, some others think bitcoin crashing below $2,000 would be an opportunity to buy more bitcoin.
All these, however, is happening at a time when the institutional traders are trying to pick some interest in bitcoin as trading on the futures exchange, Bakkt, continues to rise.
At the time of writing, bitcoin is currently trading at $8,062.72, with a market cap of over $145 billion according to CoinMarketCap.
Ripple Sends $26 Million Worth of XRP to Jed McCaleb, XRP Army Fears Another Dump in Price
Time and again, several members of the XRP community have opined that the massive dump of the crypto asset in the market has impacted on its price, negatively. Now, there are speculations for another dip in XRP’s price. The latter is after Whale Alert informed on September 7, 2019, that 100 million XRP tokens have been transferred to Jed McCaleb, Ripple’s co-founder.
Ripple Sends XRP Worth About $26 Million to McCaleb’s Wallet
According to Whale Alert, Ripple transferred 100 million XRP valued at $26,322,440 to Jed McCaleb’s wallet. The transfer has led to the sentiment in the crypto space that XRP might tank below its $0.262 price today. Also, the opinion is due to McCaleb’s reputation for dumping huge amounts of XRP in the market.
McCaleb is Ripple’s co-founder, and in 2014, Ripple transferred 9 billion XRP to him as his share for founding the company in 2012. However, the blockchain company entered a seven-year agreement with McCaleb to control how much XRP he can sell in the market yearly.
Per the agreement, the co-founder could sell $10,000 worth of XRP per week in the first year, $20,000 per week in the second, third, and fourth years, and “750 million XRP per year for the fifth and sixth years.” In the same vein, he could choose to dump 1 billion XRP yearly for the seventh year, and 2 billion XRP yearly after the seventh year.
McCaleb’s Dump of XRP Impacts of Asset’s Market Price
Given that this is the fifth year since the agreement was made, McCaleb can choose to dump thousands of XRP tokens daily. In 2014 when he announced his plans to sell a significant part of his XRP holdings, the value of the asset declined by 40%. As such, the continuous dump of the asset has also been pointed out as one of the reasons why it is not spiking like other top cryptocurrencies.
Asides from being reputable in the XRP community, McCaleb is also a name associated with Mt Gox, one of the first cryptocurrency exchanges. He founded the platform and sold it off years before its hack. Similarly, McCaleb is the creator of Stellar (XLM), the 11th largest cryptocurrency by market cap.
Nonetheless, the crypto community has aired its views about the potential for McCaleb to release another share of XRP to the market. Crypto BitLord, for instance, said: “Wow. Another cool $26M Jed can unload at market. This shits out of control.” Another remarked that: “know, right?! Private businesses shouldn’t be allowed to exist. The name “Jed” should be banned.”
Trump Endorses Apple To Provision 5G Connectivity In The US
Wikipedia Co-Founder Debuts A Crowd-funded Social Media Platform Which Claims To Fully Protect Users’ Right
Alibaba Registers $38.4 Billion During Its Singles’ Day Sales
Google Acquires Smart Watch Maker Fitbit For $2.1 Billion
PlayStation V: A Sneak Peek Into the Actual Console Design
Cryptocurrency9 months ago
Why Bitcoin Is Better Than Other Cryptocurrencies
Cryptocurrency6 months ago
China Is Set To Launch A Legal Cryptocurrency In The Second Half Of 2019
Apps11 months ago
Apple Acquires AI Voice Startup PullString, that helps power Apps on Alexa and Google Home Assistant
Cryptocurrency11 months ago
XRP Might Not Reach $1 in 2019 Even With Coinbase Listing
Blockchain5 months ago
The Future Of Publishing With Blockchain, Steemit vs. Publish0x
News12 months ago
5 Best Smartphones To Look Out For In 2019
Cryptocurrency7 months ago
Following Bitrue Hack, Binance Introduces Anti-fraud System for Blocking Stolen Funds
Cryptocurrency5 months ago
Intel’s 10th Generation Processors: A Hard Pick From a Buyer’s Point of View