This is our first installment of our Most Promising Altcoins of 2018 series. We will introduce 5 valuable and promising cryptocurrency projects in every issue and talk about features, market caps and future outlooks. Note here that we didn’t set up a ranking for these projects, they will be ordered according to market cap and are chosen simply by fundamentals and features. We will try to pick from under the top 20 by market cap, some will be more known than the others.

NANO

Current Market Cap: 1.2B USD

Circulating Supply: 133,248,289 NANO

Max Supply: 133,248,289 NANO

Website: http://nano.org/

Main exchange: https://www.binance.com/trade.html?symbol=NANO_BTC

Reasoning:

NANO is a next generation cryptocurrency, instead of using a legacy blockchain is uses a DAG (directed acyclic graph) based chain. It has no additional features like smart contracts or second layer applications, but instead it aims to serve as the perfect P2P payment tool. The chain is neither PoW or PoS, it has no inflation. Every user has to do a little proof of work when sending or receiving blocks as every account serves as it’s own blockchain. NANO has zero fee instant transfers and an ever growing community.

0X

Current Market Cap: 492M USD

Circulating Supply: 508,166,382 ZRX

Max Supply: 1,000,000,000 ZRX

Website: https://0xproject.com/

Main exchange: https://www.binance.com/trade.html?symbol=NANO_BTC

Reasoning:

0x is an open, permissionless protocol that allows the trading of ERC20 (Ethereum) tokens on the Ethereum blockchain. The protocol is being constantly developed and various relayers have been building DEX applications in partnership with the 0x protocol. A complete list can be found on their wiki, but we will name a few: Ethfinex, OpenRelay, RadarRelay, The Ocean. There is also a bigger list of dApps that will use the protocol, the more popular ones follow: Aragon, Augur, Blocknet, District0x, Lendroid, MelonPort, OpenANX, Request Network. Some of the exchanges built on 0x have already opened their gates and have made some decent volume.

POWR

Current Market Cap: 273M USD

Circulating Supply: 363,837,589 POWR

Max Supply: 1,000,000,000 POWR

Website: https://powerledger.io/

Main exchange: https://upbit.com/exchange?code=CRIX.UPBIT.KRW-POWR

Reasoning:

Power Ledger is a peer to peer marketplace for renewable energy. The marketplace connects sellers (either businesses or individuals) and consumers where they can select what type of energy they would prefer (clean vs legacy) and they can even trade with their neighbors. The POWR platform will offer support for Microgrids, Autonomous Asset Management, Distributed Market Management, Smart Contracts for Carbon Trading and it can also support the Open Charge Point Protocol for Electric Vehicles. The founders of Power Ledger have showcased their technology on previous occasions and have a constantly growing team to support the demand for their platform.

IOST

Current Market Cap: 255M USD

Circulating Supply: 6,794,109,922 IOST

Max Supply: 21,000,000,000 IOST

Website: http://iost.io/

Main exchange: https://www.huobi.pro/ko-kr/iost_btc/exchange/

Reasoning:

The IOS Token and platform is still in its early stages of development so thread accordingly. What we can tell though so far is that they have some really popular backing and some really great ideas. There was a private investor only sale where only respected funds and business groups could take part. The developer team is highly competent according to past achievements. The aim of the project is to build a secure, highly scalable blockchain for service providers and IoT. They are planning to offer dApps and Smart Contracts with a blockchain that is capable of doing 100,000 TPS with the help of their Proof-of-Believability (Randomized PoS with additional factors), Efficient Distributed Sharding and Atomix (protocol to commit transactions atomically across shards).

SONM

Current Market Cap: 78M USD

Circulating Supply: 359,600,000 SNM

Max Supply: 444,000,000 SNM

Website: https://sonm.io/

Main exchange: https://www.binance.com/trade.html?symbol=SNM_BTC

Reasoning:

SONM also known as Supercomputer Organized by Network Mining is a decentralized universal fog computer (powered by the Ethereum blockchain) project that has so far delivered on most previous promises. It has various use cases ranging from site hosting and game server to video streaming and video rendering. They already released their MVP Testnet recently where anyone can try out its promised features. Some tasks that SONM van run: Ethereum mining, Lisk Network Server, Minecraft server, DNA sequence alignment, Face recognition, etc. A full list can be seen on their MVP site.

We hope you enjoyed our first part of our Most Promising Altcoins of 2018 series. We tried to recommend projects that are somehow unique in their own field. They are either first movers or simply promise (or already own) features that are above the competition.

Check out our Machine Learning based forecasts for these projects: https://walletinvestor.com/