December 2021The Sandbox (SAND)
Price at time of writing: $5.02 ($7.05 AUD)
Market cap: $4,601,676,224 ($6464844308.66 AUD)
The Sandbox is an ethereum based blockchain project which lets users play in a virtual world (kind of like Mindcraft), creating and exploring galaxies. They can also save their progress and put it in public galleries (which is part of where the potential for NFTs comes in). Following the Facebook rebrand to Meta, the metaverse space has found some strong momentum. The Sandbox is a virtual Metaverse where players can play, build, own, and monetize their virtual experiences.
Price at time of writing: $48,180.38 ($67688.09 AUD)
Market cap: $907,964,829,428 ($1275589801250.27 AUD)
Bitcoin – the first cryptocurrency and still the king. After hitting a new all time high early November of $68k, we’ve seen things cool off back into the mid to high $50k range (or at least we were before the crash on the weekend, which has driven it lower). With the macro environment still looking very strong in the short to mid-term and a whole lot of institutional money entering the market, many are expecting Bitcoin to break back up above ATH in coming months.
Price at time of writing: $81.64 ($114.70 AUD)
Market cap: $19,851,964,025 ($27889805887.12 AUD)
We’ve seen a lot of strong price action from the Layer 1’s in the recent month or so and AVAX has been one of the leaders. Avalanche is a very fast Smart Contract platform competing with the likes of Ethereum and has been making great progress.
Price at time of writing: $1.10
Market cap: $110.17 billion
Ripple is a payment platform designed to let money flow freely via XRP over a public ledger. A simple idea – but one hundreds of financial institutions (including the bank of America) are already using. Though some people (like Zhiyuan Sun, writing for The Motley Fool) have called Ripple a “speculative investment at best” due to, among other things, the competition it faces from SWIFT, others reckon it’s undervalued, and its value has been subdued by some old court cases.
In short: Ripple has been holding back lately, but if this bull market period continues, with Ripple trends being positively correlated with BTC movements, it could be due upward motion.
Price at time of writing: $0.4349
Market cap: $2,538,920,198.39
Chiliz claims to be the world’s leading blockchain fintech provider for sports and entertainment. It developed the Socios.com sports fan engagement platform, which is built on Chiliz’ blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency. Basically: Chiliz is a currency option for blockchain-backed products & services but with a bent towards mainstream consumers.
In short: Around football and betting – both big markets. Could have long term potential.
Price at time of writing: $0.2116
Market cap: $5,339,632,325.61
Crypto.com calls itself the world’s fastest-growing crypto app, which allows you to buy crypto at true cost. Crypto.com Coin is the native token of the Crypto.com Chain. The Crypto.com Chain, for its part, was created to build a lattice of crypto projects, and develop companies’ ability to accept crypto as a form of payment. The Crypto.com Chain is intended to make the transaction flows between crypto users and merchants easy, cost-efficient and safe.
In short: the coin of a promising crypto payment system.
Price at time of writing: $2.18
Market cap: $71,858,489,720
Cardano (ADA) popped up out of nowehere in August to become the third-largest coin after Bitcoin and Ethereum, as investors looked for more climate-friendly options in the wake of Elon Musk’s criticism of Bitcoin on SNL.
Cardano has now come down from its big jump of August and is now a relatively cheap buy right now. Cardano is a blockchain platform and it has its own internal cryptocurrency called ADA (named after Ada Lovelace, a 19th-century British countess known for her work on a theoretical computation engine, who also was the daughter of Lord Byron). Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. Cardano was launched in 2017.
In short: a blockchain with a flexible network and fast transaction speed, which mean it’s (compared to many other big coins like Bitcoin) highly scalable and sustainable.
Price at time of writing: $201.82
Market cap: $61,158,544,862
Solana exploded a month or so back, with many jumping on the bandwagon without really knowing what the heck was going on. Many made money and the extent of their knowledge, when their mates asked what the coin was about was: “I dunno mate. Something about NFTS.” So what really is Solana? Solana is one of the top cheap cryptocurrencies (again, relatively) right now, which offers a web-scale blockchain which is fast, secure, and has DApps. Solana can process 50,000 transactions per second as well as 400ms block times. Solana’s blockchain can also support approximately 710,000 transactions per second on a standard gigabit network while 28.4 million transactions per second on 40 gigabit network.
In short: a super fast blockchain. Trendy. Relatively cheap.
Price at the time of writing: $0.00002732
Market cap: $13,688,153,610
Shiba Inu hopes to be the next Dogecoin. Shiba Inu also has an interesting origin story. It goes as follows: Russian-Canadian programmer and writer (and co-founder of Ethereum) Vitalik Buterin was, without his permission, gifted 50% of Shiba Inu’s coins by its anonymous founder (who goes by the pseudonym Ryoshi), according to SHIB’s white paper.
Buterin is a respected figure in the crypto space. However, this gave him the power to rug pull at any time. Which he promptly did. Buterin donated a huge number of Shiba Inu (as well as a couple other of his other coins) to help support India’s Covid relief cause.
This caused panic among investors and saw Shiba Inu’s price plummet drastically soon after its inception. It’s price dropped from just over 0.00004 to around $0.00001, and then hovered around the 0.00001 range for months. After a couple of mini price hikes in September, however, Shiba Inu’s value started soaring in October and it now is continuing to (it seems) go gangbusters.
In short: Silly meme coin. The Dogecoin killer. A crypto with a lot of hype. Not super serious but with the way group think is going, potentially lucrative.
Price at time of writing: US$0.098
Market cap: US$7.001 billion
Tron is a decentralized, open-source blockchain-based operating system with smart contract functionality, proof-of-stake principles as its consensus algorithm and a cryptocurrency native to the system, known as Tronix. One of the largest blockchain based operating systems in the world, Tron’s big assets are high throughput, high scalability and high availability.
In short: Tron wants to host a global entertainment system for the cost-effective sharing of digital content. I.e. cutting out the middle man.
Current price: $1.11
Market cap: $53.24
Even though Elon Musk and Mark Cuban like to pontificate over Dogecoin, which started as a joke, becoming the transactional currency of the future, Ripple was actually built to be that. XRP (Ripple) has a reputation for being the best digital asset for global payments (a bloody big claim). It is supposed to offer financial institutions the fastest and most reliable way of getting ‘wet money’ (liquidity) on demand.
In short: a renowned digital asset for global payments.
Watch Elon Musk & Mark Cuban discuss the future of cryptocurrency in the video below.
Price at time of writing: $29.17
Market cap: $13,372,700,659
Chainlink is a decentralized blockchain oracle network built on Ethereum. Chainlink’s network is designed to be used to enable the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. In other words: it helps overcome one of the limitations of blockchain – systems which are inherently shut off from the rest of the world. Chainlink acts as a bridge between blockchain systems and what is happening in the outside world.
In short: Important in the world of cryptocurrency. Like a bridge.
Price at time of writing: $236.38
Market cap: $4,913,697,852
Monero (XMR) was created in 2014 with the goal of being anonymous and private. Monero was devised in 2013 and launched in 2014 by a cryptographer about which very little is known, who goes by the psuedonym Nicolas van Saberhagen. His identity remains unknown.
Where as Bitcoin is on an open ledger, Monero wallet balances and payments remain concealed. These features mean those seeking private transactions and cryptocurrency speculators have been drawn to it like moths to a flame.
In short: A cryptocurrency that (is supposed to) offer complete privacy for all transactions.
Price at time of writing: $4.339
Market cap: $724,566,803
Creator of Dogecoin Shibetoshi Nakamoto once said on Twitter he liked Nano’s community. Fee less, eco friendly and instant, Nano aims to be an easy-breezy transaction tool. A currency, basically.
In short: Digital money for the modern world.
Price at time of writing: $45.78
Market cap: $7,966,411,436
Internet Computer, developed by the Dfinity Foundation, a nonprofit in Zurich, Switzerland, sees itself as a competitor to Giant cryptocurrencies like Ethereum and Bitcoin. Internet Computer debuted at a price of $731 then dropped to $146 within minutes. It then rebounded a little but hasn’t seen any huge spikes yet. In fact it has continued to languish