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Cryptos wake up in August. Supported by Bitcoin’s good performance, most cryptocurrencies are in green in August. Since last weekend, cryptocurrencies have even risen sharply. The time to do your shopping is here! Discover below three cryptos that are among the best on the market!
IoTex (IOTX) – IoTex price: 0.08 €, at 213%!
Driven by its latest listing on Coinbase, the course of the IoTex crypto is truly insane. With a price of € 0.08 at the time of writing this article, IOTX is doing +213% over the last 24 hours ! It’s simple, it’s the best performance in the global crypto market! Over the last 7 days the price has increased 364%!
The IoTex project started in 2017 on the initiative of especially Qevan Guo, who has previously worked at Facebook. The IOTX corner is used to operate one decentralized platform dedicated to the Internet of Things or IoT (Internet Of Things). IoT refers to the network in which connected objects (cars, cameras, etc.) can communicate with each other. The IoTex blockchain acts as a medium for these exchanges. The IOTA crypto is the biggest competitor to IoTex.
The IoTex blockchain is characterized by a great scalability due to its consensus algorithm (RDPoS). Given the ever-increasing number of connected objects and data exchanged, IoTex crypto has great potential.
Holo (HOT) – Holo price: 0.009 €, at 25%!
Far from the incredible performance of IoTex, the price of the Holo crypto is still very dynamic and stands at around € 0.009. Over the last 24 hours, Holo is the one second best performing crypto on the market with more than 25%. Over the last 7 days, the price has increased by more than 80%.
The Holo crypt fits into an ecosystem called Holochain. Simply put, Holochain is the name of the blockchain. Holochain is used to develop decentralized applications. In this it resembles Cardano (ADA) or Ethereum (ETH). So what is the biggest interest in the Holo ecosystem? The Holo project actually aims to relocate a higher level of decentralization of an already decentralized crypto domain.
Holochain is certainly a blockchain, but its operation is revolutionary. How ? At Holochain, each node owns and manages its own blockchain. In other words, the nodes are not responsible for validating the transactions on the entire network, as is the case on a classic blockchain. This results in a much better scalability than most other blockchains.
The groundbreaking technology in Holochain makes Holo a crypto to watch. If its technological commitment to ultra-decentralization pays off, Holo is more than one step ahead of its competitors.
Ravencoin (RVN) – Ravencoin price: 0.14 €, up 24%
With a course of € 0.14, up 24% over the last 24 hours, The Ravencoin crypto completes our podium! Over the last 7 days, the price has increased by more than 127%! What is Ravencoin?
The Ravencoin project was created in January 2018. The name is said to have been taken from a tribute to the famous Game Of Throne series, where ravens acted as messengers. Ravencoin is a P2P exchange platform for tokens for all kinds of applications. Everyone can therefore create a token on the Ravencoin blockchain and swap them. These can be tokens linked to financial products, commodities, events, etc. In short, Ravencoin plays in the same lane as Ethereum.
The Ravencoin crypto is relatively similar to Bitcoin. In fact, Ravencoin was created after a hard fork that appeared on the Bitcoin blockchain. The maximum number of Ravencoin coins is limited to 21 billion.
Mining Ravencoin is different from many cryptocurrencies. The crypto was actually designed to be resistant to ASICs. ASICS are graphics cards commonly used for crypto mining. With the advent of mining, the market for ASICs has exploded. But in its philosophy, Ravencoin does not want to make its crypto dependent on these cards. Specifically, thanks to a clever mix of algorithms, Ravencoin can be extracted with a conventional computer processor. Thus, Ravencoin intends to fight against the technological arms race, which ultimately helps to centralize mining activities.
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