Dear Readers,
I have put together the 3 coins under 1 cent that I believe to have the most potential for future growth! I will explain below why I do believe these coins are poised for success in future. Hopefully, you can get so rich you can be like this guy below.
1. Verge (XVG)
Although incredibly complex due to its massive amounts of information and features, it is safe to say that it is an altcoin that understands safety, decentralization and "fairness" very well.
Verge strives to offer anonymity and decentralization at the highest level imaginable, as the original vision of Satoshi was when he introduced Bitcoin.
It has features/benefits which make it truly anonymous.
A Tor wallet
Tor is a web browser which protects your identity while using the internet.
Often used to access the dark web, it also serves those that want to use the "regular internet".
During times in which big companies and governments are massively profiting from all of your information and limiting your privacy as much as possible, tor is a good choice for everyone!
Tor hides your IP, doesn't store cookies and does a good job at protecting your online activities.
If you combine this with Verge, an anonymous currency, you will be able to make what ever purchases and investments you would like to make and use the internet as it was originally meant to be.
For example gambling or making purchases, you would rather keep private become accessible without traces.
Not supporting master nodes
Master nodes are very expensive machines that mine cryptocurrencies.
They give a lot of power to those that can afford them, centralize crypto and master nodes are able to register IP addresses.
Verge keeps their currency truly decentralized without giving up any of its transaction speed, transactions are generally completed in under 30 seconds.
Verge focuses on protecting the user's identity (IP), instead of protecting the transactions.
Other than Monero, the other privacy based cryptocurrencies do not focus on protecting IP addresses which can ultimately lead to the people behind them.
Verge did not pre-mine and is based on proof of work.
They focus on fairness and fund their development themselves and through donations.
Soon they are adding more methods of generating income to fund further development by adding a Verge merchandise store (Accepts XVG and BTC) and by taking a 2% fee of a multi-algorithm mining pool that they will be finishing somewhere during August.
Something I personally find very interesting on the list is the fact that they are adding smart contracts.
The development of their smart contracts is currently finished but is awaiting approval/activation of a third party.
I expect that the addition of smart contracts will cause a massive spike in the valuation.
Verge has been around since 2014 as DogeDark before rebranding to Verge in 2016.
During the development of Verge it has built a massive, active community.
With a telegram chat of over 3000 active members, 100s of pages of comments on their external forum topics and an active following on Twitter, the alt is being supported and used by many!
2. Siacoin (SC)
Siacoin has grown dramatically over the past few months, growing from $ 9 million to a current value of $ 422 million, or nearly 4600%.
Siacoin has existed since the end of 2014 (the idea even since 2013), but it was one of the smaller currencies from market capital. It can be seen that in the current bull market people are very interested in this crypto. Let us therefore consider what Siacoin is:
Sia - a decentralized private cloud solution
The Sia platform is a decentralized cloud solution that places great emphasis on privacy. In the Sia Cloud, the data are stored decentrally on different hosts encrypted. Only the owner of the data is in possession of a key, with which the same can be decrypted and merged. Even if the hosters of the cloud were to crack the key, they would have only a part of the stored files.
Siacoin is the currency with which hosting is paid in the Sia network.
How to get a file storage via Sia?
As in real life, this is governed by a contract. In this case, it is not only determined how many Siacoins the customer can rent as much storage space as for a long time, a collateral, which the host will cover, is also stipulated in this contract. This collateral is paid to the customer should the host lose the entrusted data. Conversely, the customer pays his money already at the beginning in the contract and can not disappear after saving his data simply without paying.
It has huge potential to compete with the cloud storage giants such as AWS, Azure and Dropbox.
3. Reddcoin (RDD)
Reddcoin is one of the most affordable Altcoins on the market. I was pleased to find a passionate and dedicated dev team working on it after doing a little bit of research. Many coins at this price have fallen from neglect, but RDD has been reinvigorated and turned out to be a bright gem waiting to be discovered.
RDD previous experience in the industry
Their earliest involvement with cryptocurrency was in 2010, when Bitcoin was first being discussed publicly. At that time, intriguing articles were being written about this new technology, and I was hooked. I read everything I could get my hands on.
When the altcoin industry began to explode in 2013, I started looking for a project to get involved in. Bitcoin and Litecoin were already out of reach, overwhelmed with developers. I looked for a smaller coin I could participate in and discovered Reddcoin for the first time.
I spent the first two years learning. Prior to 2015 my efforts were out of the public eye. I spent much of my time writing tools to analyze Blockchain data and diagnose issues with the new technology.
Short term goals for Reddcoin
My first priority is to let everyone know Reddcoin is back and the future is bright. We have an invigorated team, and we share a passion to be the gateway to cross-domain, social network micro-donations. We plan to be the ‘Social Currency’ used everywhere.
Since resuming development on the project, our first goal was to update the core wallet software and align ourselves with the upstream Bitcoin code base. Porting the code turned out to be a significant task due to Reddcoin initially being derived from Litecoin, but we were successful. This new wallet was competed and released on August 13th.
Our next task is to implement Redd-ID on the Blockchain. Redd-ID will allow anyone to create alias names for their Reddcoin account, and map specific social network identities to RDD addresses. This will provide a flexible interface to easily give people the ability to send micro-donations to other people’s social network accounts.
We are also working on overcoming the challenge of updating our core wallet to handle an ever expanding Blockchain. This becomes increasingly difficult for the average user as the Blockchain grows. We will be implementing a light client based off of Electrum, giving our users near-instant wallet startup and simple backups. This updated wallet will incorporate Redd-IDs along with additional plugins to improve functionality.
Without utility, cryptocurrency is little more than a trading token. Only when used in the real world will it have true value and gain acceptance. To reach our goal of making Reddcoin a valuable resource for the average social network user, we need to create a simple, lightning quick wallet to transfer coins. This, in summary, is our short term goal.
Motivation behind Redd
We simply realized social networks are playing an increasingly important role in connecting the world. Facebook, Youtube, Reddit, and blogging sites like WordPress offer amazing content, but very few options to show gratitude for people’s contribution to that content.
This realization brought me back to Reddcoin. The original developer released a roadmap in August, 2014 and it blew my mind. Their team had the vision to embark on a journey to revolutionize the way we participate socially. At its core, it involved creating a user-friendly wallet which made it possible to swiftly transact and securely protect a person’s coins.
In 2016, I still believe these goals are possible. I don’t see any other coins working on an effective method to transfer micro-donations across multiple social networks using one decentralized wallet. Our ‘Social Currency’ will give people the opportunity to give more than a thumbs up when they want to recognize someone’s excellent work, no matter where they are seeing it.
This is an exciting project to be working on, and the potential for world-wide integration is huge.
From a technical standpoint, the Reddcoin Blockchain provides parameters specifically created to enhance these wallet features. It has 60 second block creation and Proof of Stake Velocity (PoSV) consensus algorithm, which rewards anyone staking up to a 6% return annually. This means Reddcoin operates ten times faster than Bitcoin, and gives compensation to people for simply having coins in their core wallet.
Where does Reddcoin go from here?
We have ambitious development plans for the next twelve to eighteen months. These will be revealed in our latest Roadmap release available at the end of September (see the bottom of the interview for a link to the Reddcoin Announcements page).
When investors see our vision and realize we are passionate about reaching our objectives, we believe the community will see today as an exciting opportunity to invest in Reddcoin’s future. RDD is unquestionably undervalued when considering its potential compared to other coins available.
Team working full time on crypto projects
Reddcoin has one full core dev. Other team members are transitioning from day jobs to dedicate more time to the project.
We have also received support from the growing Reddcoin community. Volunteers, seeing Reddcoin’s potential, are generously donating their time and talents to its development. I encourage anyone seeking to get involved in the cryptocurrency space to contact us to see about these opportunities.
To recap RDD’s financial past, the original IPCO raised 168.8 BTC in return for a portion of RDD distributed to investors according to the rules of the engagement. At the time, the USD value raised was $126,600. That money was used on the first phase of Reddcoin development by the original team, who has declared those funds as spent. The current team was not involved in the original development and has not received any of the IPCO funding.
To fund the current development, we have created donation addresses to support operational, administrative, and network costs. Donations are very appreciated, but are purely voluntary (these donation addresses can be reached from the link at the bottom of the interview).
Does Reddcoin work in conjunction with Bitcoin, or as a competitor?
We see Reddcoin as being complimentary with the overall crypto-community. The work we are doing is innovative, and tackles some of the problems being faced by other large Blockchain projects. By just doing what Reddcoin is designed to do, we can lessen the transaction traffic other altcoins are experiencing by performing millions of micro-transactions done today on their blockchains.
Quick summary of Reddcoin
Reddcoin is being designed to provide the mechanism to perform micro-donations across various social networks. Our goal is to focus on overcoming the challenges of developing an innovative way to provide a completely decentralized network for social media.
With Proof-of-Stake as the consensus mechanism, it is viable for the average person using their core wallet to participate on the Reddcoin network and be rewarded for their involvement. By simply having a wallet with coins, people earn interest to be full nodes, which helps to create a secure and decentralized network.
Thank you.
Let me know what cryptocurrencies you have your eyes on under 1 cent!
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Wow very detailed post! I'm happy I was in on all three of these before you even posting it! To the moon we go!
P.S. NEO is going crazy! I know we're both high on NEO as well so good to see it paying off!
How about BQX? It's not under a cent but roughly under 5 cents and has great long term potential... What do you think?
Lol.... NEO is indeed going crazy. I only have a little. I hope to get more soon
And NEO is STILL GOING CRAZY! This is awesome to see!
I don't have a crazy amount either... I am waiting for another dip and I will increase my position a little more as well!
@gee1 @crypto-oracle pretty sure 99% of cryptos went crazy today!
"HODL to the moon" indeed..
re this post - do you guys have any cryptos under a cent and if so, which ones?? I'm a big Sia coin fan myself.
On that note, @crypto-oracle it sounds from the way you wrote the section about Reddcoin, you're part of the team? If so, that's awesome! I do own a bit still, although have to be honest have already sold most of my holding due to lackluster performance and lack of social media updates (sorry, no offense!).... just seemed to me the Reddcoin team wasn't very active - at least not with public updates, and sometimes that is what matters most (as far as giving investors confidence).
Now that I've read the updates here, I might consider re-investing a bit in Reddcoin...
One quick question though - Obvi Steem is another social media crypto, would you see it as "competing" with Reddcoin?
I am currently only in these 3 under 1 cent! Not much most of my portfolio is NEO and Stratis but still have some of these 3!
I am in contact directly with some people at RDD and they are really hard working I do agree with a lack of communication with the community but they plan for a pretty cool Q4! Steem is its own platform and RDD plans to monetize currently existing platforms such a twitter and instagram! I dont see them directly competing but to an extent yes
Ah ok, that makes sense - thanks for giving us here on Steem the inside scoop on Reddit ;)
NEO is hitting crazy new highs right now so I'd definitely wait til it corrects a bit before buying, but when it does I'd highly recommend it (obviously do your own research as well, i'm sure you wouldn't just take my word anyway ;) After Litecoin it's probably the Altcoin I have the most of. Well, did at least...I rarely sell my coins but couldn't help but sell just a little bit now to lock in some nice profits, plan on rebuying again if /when it dips.
Hahaha HODL to the moon! I am so excited about NEO and its huge announcements on the 8th only big things for the future!
I have actually dabbled in BQX myself, I think it has huge potential as well. I know OMG has a similar concept and is one of their competitors. It has exploded these past few days over 100% I believe, I can't wait to see a good battle between these two!
I missed the rocket ship, hoping you do well though!
Thank you, kind sir! It isn't too late yet :)
Great call on all of these, mostly verge and sia after today!
Great post, will be looking at this coins. I am looking to expand my crypto portfolio.
Awesome! Always a good time to keep diversifying
Yes It is great to diversify, but I will just keep it down to maybe ten it is really hard to keep track of all the news regarding them. haha
i was buying verge and siacoin will check for reddcoin
I have all 3 but not much redd coin but apparently Q4 of 2017 should be big for them with some cool announcements! check out their website it has a cool video that intrigued me
dogecoin is missing in the list.
Doge is just a troll coin lol
I'm already holding all 3. I need to get more Sia. Verge is down from where I bought in though.
I am down a bit on XVG and RDD but all I do is accumulate more it'll average out and in - the long run you'll be happy you got more!
Very informative... it made me take a second look to these coins. Thanks for sharing, looking forward to see more of your valuable posts. Followed you...
Thank you for reading :) I hope to put out more good content in the near future!
I own reddcoin and verge, so I should buy some Siacoin now. :)
Great :) Hopefully they all do well for you
Good price but I am not sure about their future. All of them have massive supplies which is a negative. RDD is ridiculously low. It can move up if the implementation starts happening. A gamble, all of them.
I mean that's the point, they're cheap but massive supply isn't negative I mean 10 times gains is 10 times gains no matter the supply! They are all gambles but can go to maybe 10 cents probably not a dollar each!
That's quite possible. I agree. But it will take some waiting.
I got some VERGE sometime in the past. Hope full get Sia and RDD soon.
Thanks for sharing👏👏👏. I got your link from the Facebook group. Upvoted & following you now
Thanks for reading!! Really appreciate it, I am glad to hear you got XVG! It's a great privacy coin, and RDD and Sia are great too I recommend you check out their white papers! I have followed you as well hope to hear about your great crypto endeavours
Hello :) Great article! I believe in Verge and Siacoin and I have it in my wallet, but I'm not sure about Reddcoin. Are you sure this coin has big potential?
I will say it has potential maybe not huge but if it gains some traction it will be interesting! I like the idea for sure I have put some money in and have left it if it goes to 0 that's fine but if it takes off even better!
How high do you see these coins prices going? Im a little wary of them due to the amount of coins that are in circulaion/available... if ANY of these coins were to reach even the amount of $1-$2 dollars they would be directly competing with BTCs market cap... on the flip side I do have Siacoin and am hopeful for the future :)
I am going, to be honest, I definitely don't see them hitting a dollar! Probably I would say a couple cents but that's still 10X + on your investment... which is crazy nevertheless
@crypto-oracle got you a $0.81 @minnowbooster upgoat, nice! (Image: pixabay.com)
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Bitcoin new all time highs...dead ahead!
My analysis nailed the recent Bitcoin bottom and have made lots of profitable calls. Please check it out: https://steemit.com/@haejin
I'll take a look thanks!
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STOPAwesome. Catchy headline. I'm in long on Verge myself. I may just pick up some Siacoin as well.
Hello ! ~~
I can see your account is somewhat new
so I thought I'd send my late regards.
There is an upvote for you and maybe upvote some of my stuff too!
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Interesting post. I bought some Siacoin and Verge pretty recently. Will have to check into Reddcoin.
Very nicely written. Good info. Great insight for all of us to invest. Thank you!
It was great article, I am new to crypto world, can you suggest a good pick less then a cent.... thanks
You were right.