This month you should put these 4 cryptocurrencies on your watch list. After a rough few months, August had cryptocurrency investors chatting about a bull run once more.
1. Cardano (ADA)
In August the price of Cardano increased by 100 percent, while September will still be a big month for the coin that needs to use blockchain to resolve real-world problems. On the 12th of September ADA will present its smart contract functionality. (On the blockchain, smart contracts are small pieces of self-executing code). This will be enticing developers after the smart contracts are up and running.
2. OMG Network (OMG)
OMG directly works with banks and targets to make products that demand equally to present banking and those who do not presently have access to banking services.
Enya, The strategic partner of OMG and core contributor, just publicized Boba Network, which defines as a “next-generation” layer 2 solution. Layer 2 solutions talk about many protocols that sit on top of the current blockchain and recover its scalability.
OMG goals to make a wallet that individuals can use to simply transfer any asset among different payment platforms — from traditional cash to cryptocurrencies or even payment points.
3. Helium (HNT)
The “People’s Network,” as the firm calls it, combines blockchain and wifi. Helium can offer 5G connectivity around the world lacking similar prices related to traditional telecoms infrastructure.
The hotspot of helium is a bit similar to the router of wifi in a house but extremely powerful. They’re known as LongFi, and they can reach 200 times faster than a regular router. Individuals can set up Helium hotspots in their houses or offices and receive HNT tokens in exchange for increasing wireless coverage in their societies.
4. VeChain (VET)
VeChain at present increased 40% in August, as the supply chain platform remains to show what blockchain can accomplish. VeChain makes use of blockchain technology to streamline corporate procedures and keep track of each stage of the supply chain. It already collaborates with Walmart to track food products throughout the manufacturing and delivery process.
It publicized a new platform that tracks carbon footprints using the blockchain ledger. Companies can use VeChain’s service to track their carbon use across the whole supply chain in a transparent manner. Businesses might use the platform to provide “full oversight of carbon data and green claims” to their clients.
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