There are roughly 2000 cryptocurrencies, and the majority of the Top 100 (in terms of market capitalization) are platform or infrastructure projects. In 2017 platforms like Ethereum, EOS and Icon captured the markets with not only massive market appreciation, but with the potential of what kind of technology can be built on top of these.

Why invest in Platform Tokens ?

If there is a consistently high percentage of platform coins in the top market caps, this would indicate their popularity as an investment. Considering in 2017 most of the 221 ICOs were built on Ethereum — erc20 tokens, we can begin to understand the potential of platform (infrastructure) tokens.

Primarily Developers can build dApps and other technologies on top of these platforms, thus making the potential much more than just a single use case.

In the face of market volatility, we can focus on the fundamentals. As already listed, the fundamentals and potential of platform coins, outweigh many others.

Let’s package crypto platforms into a basket — If you’re not aware of crypto baskets, please see our introduction here.

WHAT WOULD A CRYPTO PLATFORM BASKET LOOK LIKE?

Top platform coins to add in your crypto basket

ETHEREUM

Ethereum is the second largest cryptocurrency, behind Bitcoin.

A platform that allows developers to build decentralized apps (dApps) and technologies. With each new innovation on the platform, this has increased the adoption rate of Ethereum and hence creating a network effect, increasing its value. Ethereum appreciated 3000% in 2017. Currently, there are 1749 dApps operating on Ethereum — explore some of them here.

EOS

EOS, Ethereum Operating System, is a network and platform for applications built on Ethereum that performs many of the same functions, with much greater capacity — up to millions of transactions per second. The purpose of EOS is to enable highly-scalable applications that can interact with the Ethereum blockchain. By defining new governance method in blockchain and $4 billion in funding, EOS hails at 5th position in the market. To read more about EOS read the article

NEO

NEO cryptocurrency, initially AntShares (ANS), was launched in 2014. It is a platform to make decentralized applications and is treated as China’s answer to Ethereum. Both cryptocurrencies use smart contracts but NEO takes advantage of its unique blockchain in order to improve on Ethereum’s network.

Palettes gives you the option of investing in intelligently weighted crypto portfolios, from the comfort of your own trusted exchange account. Palettes are developed from baskets — like the platform basket listed in this article. You can be a part of the Palettes Alpha and even have a say in what sort of Palettes you would like to see available — join the conversation in the Palettes Telegram community.