Alt Coin Speed Dating Part 9 - Get to know different coins FAST and Simplified

Welcome back to your Crypto Speed Dating experience, where you can get to know Alt coins fast and with a simple explanation of what it does.

To Recap how this goes, the point of this little exercise is to save people getting bogged down forever reading white papers.
I will give you a quick profile on the different Alts so you can hopefully separate the promising coins from the potential junk ones quickly and only spend time researching the coins that interest you most!

I will provide my own little rating underneath but regardless of my rating, I will include the link to the Alt Coins website underneath for you to check out if you want to.
The more thumbs up the more I like it (max of 5).

We have now entered March, so only 1 more month of Q1 to go before I expect the price action to start heating up.
If you look at last year, at the start of Q1 we were at a Global Total Market Cap of just $18 billion USD.
By the end of Q1 it had grown a little to $24 billion USD.
Then during Q2 of last year it went from $24 billion USD to $103 billion USD! Nice big jump!
Now yes, it doesn't mean that history will repeat this year but there are a other signs around that indicate we could be on the verge of another Q2 Bull Run.
We have now had weeks of a pretty stable market with mostly sideways movement and all the heavy FUD talk has died down over the last few weeks.
There also seems to be feeling or sense that we are now reaching a greater acceptancy of cryptocurrency across banks and governments around the world.

As it stands the Total Global Market Cap seems to almost daily fluctuate between that $450 billion to $550 billion USD mark.
Who knows exactly when it will really take off but I feel there is not a whole lot of time left to stock up on cheap Alt Coins, so hopefully I can help you find a couple in today's attractions.

Aelf (ELF) Current Price: $1.25 USD or $1.61 AUD All Time High Price: $2.59 USD

Aelf is a Blockchain based company developing a ‘Cloud Operating System’ designed to become a central hub for all Blockchains.
AELF is proposing a solution to a problem that is plaguing Blockchain technology and that is scalability.
Scalability is the number one problem preventing Blockchain technology from achieving more mainstream adoption.
Currently, the only Blockchain entity that has fixed the scalability problem is Zilliqa through their sharding concept which has already had test speeds of up to 2,500 transactions per second. More than enough to attract any big Mainstream company or Platform onto the Blockchain.
However, unlike the sharding solutoin, AELF proposes an alternative scaling solution where transactions are split among the many sidechains all operating in parallel with the Blockchain.
This is essentially a form of sharding but with each ‘shard’ operating as a Sidechain.
A Sidechain is a separate Blockchain but is still attached to the parent Blockchain through the use of a two way peg.
This allows for assets to be interchangeable and moved across the chain at a fixed rate of exchange.
So it basically works in unison with the Blockchain to boost transactions per second speed.

👍👍👍👍 - Understanding & explaining scalability and the technical solutions to the problem that companies like Aelf are doing is difficult. For the average investor the key takeout is that scalability is a big issue.
A huge Platform like say Facebook could not operate on the Blockchain until there is a solution.
What Aelf is doing is setting itself up to be a contender in the race to solve scalability.
The company that provides a working solution to this problem will be worth a lot and their coin value will go through the roof.
Will it be Aelf? I don't know but they are one of the contenders worth betting on.
They've got a proposed solution and their own unique tech.
It's also interesting to note that they never had an ICO and this is maybe why their name is not as well known.
Their tokens all sold out privately eliminating the need for one.
Aelf have significant investors which include large Asian Investor Groups like FBG Capital, Hashed and Alphabit.
There is some smart money backing Aelf to succeed and at less than $1.50 USD a coin, with a current total supply of 280 million, they are worth including in your Alt Folio.
https://aelf.io/

NAV Coin (NAV) Current Price: $1.97 USD or $2.54 AUD All Time High Price: $4.74 USD

NAV Coin has been publicly traded since July 2014 and is one of the first cryptocurrencies to be fully anonymous.
NAV Coin's encryption software completely disconnects and randomises the transaction data, removing it from even an IP address.
The anonymous system is built using Blockchain technology and uses a subchain to process anonymous transactions.
NavCoin was created to make online payments easy to do, at low cost and all the while making sure to protect users privacy.
Using NavTech’s dual Blockchain technology, users get the option to choose private transactions that protect their data and identity while making purchases online.
The wallet you get with Nav Coin is intuitive and easy to use.
Their aim is to make private payments as simple as possible and boast that you can send NAV anywhere on the planet instantly, with it confirmed as spendable within 30 seconds.
Since Nav Coin uses Proof of Stake, you can earn also earn up to to 5% mining rewards simply by having it in your wallet with staking mode on.

👍👍👍 - Privacy coins are predicted to go from strength to strength this year and there will always be a high demand for them.
Nav is entrenched in the Cryptocurrency space and with easy to use fast transactions, Nav offers a solid real world use.
I think the biggest threat to Privacy coins in the future will be Government regulations and moves made to stop them.
What those laws/regulations may be and how effective is anyone's guess.
For the time being they are a solid investment, the price of Monero shows what they can do!
At under $2 a coin and with a circulating supply of just 62 million, they should be a safe earner to include in your Alt Folio.
https://navcoin.org/

WePower (WPR) Current Price: 21c USD or 27c AUD All Time High Price: 28c USD

WePower enables renewable energy producers to raise capital by issuing their own energy tokens.
These tokens will then represent the energy they commit to produce and deliver.
WePower wants to enable buyers to purchase green energy directly from producers at below market rates using their Ethereum based smart energy contract tokens.
As a result, energy producers can trade directly with the green energy buyers (consumers and investors) and raise capital by selling energy upfront, at below market rates.
"The goal of the WePower platform is to bridge traditional energy producers and the crypto world together," Kaspar Kaarlep, CTO of WePower was quoted as saying.
Traditionally, any privately funded green power project wanting to hit development stage has relied on banks and institutional investors to raise the capital needed.
With WePower, developers will have access to capital at the grassroots level from anyone, anywhere in the world via cryptocurrency.
WePower has also entered into a partnership with Elering who are one of the most innovative Transmission System Operators in Europe.
With Elering they have announced a joint pilot project to test the Blockchain based large scale token system for energy in Estonia.
The project will be a real world test case to demonstrate what the future of energy trading on a Blockchain might look like throughout Europe.

👍👍👍👍👍 - Of course I give this 5 thumbs up! WePower are promoting Green energy use by bringing projects and investors together meaning some "Green" projects that might never of got off the ground now can.
Ultimately WePower could help facilitate Green energy production through Europe and beyond. If they achieve this, it will not only make their coin holders money, it will also literally help planet Earth.
Whats not to like and I hope they are a huge success.
At only 21c USD and with a total supply of just 745 million, WePower would be another terrific investment to further diversify your Alt Folio.
https://wepower.network/

Myriad (XMY) Current Price 1.1c USD or 1.5c AUD All Time High Price: 6c USD

Myriad is a unique multi algorithm mining coin that boasts it is the first coin to implement five different Proof of Work hashing algorithms in the same coin, (Scypt, SHA256D, Qubit, Skein and Groestl).
This multiple hashing algorithm serves to make mining fairer and encourage even distribution.
Myriand boast that over the five algorithms, a block should be found on average every 30 seconds.
Every 967680 blocks, the block reward halves in order to reduce inflation. Difficulty is adjusted after every block.
Myriad's aim is to makes mining easy and more rewarding for users to get more mainstream mining adoption.

👍👍 - I am not into mining myself (unless you count my ill advised cloud mining ventures) so my rating is probably not as high as someone that is right into the mining game.
In Australia where I am located, power costs are ridiculous and the solar benefits are very watered down, so mining is just something I have never given serious thought into doing.
My understanding of this coin is that it actually has a pretty cool concept that will help all miners.
Myriad recognise that traditional mining systems with a single hash algorithm favours users who have lots of expensive specialised hardware. This makes it uneconomical for the majority of users due to not only the high startup costs but also the on going operating costs.
As a result, the mining power of the entire system is concentrated on a small number of people who run large mining farms.
Myriads five proofing algorithm from my understanding will help the little mining guys get more value from the venture.
So it has a decent enough real world solution to a problem and literally only costs 1c to buy.
With all the competition out there, an all time high of just 6c and a total supply of 1.5 billion it doesn't scream exciting opportunity to me but at only 1c you could do worse.
http://myriadcoin.org/

I hope you enjoyed my Part 9 and found some Alt Coins that catch your eye.
If not don't worry, there is an Alt Coin for everyone out there and I will be back with my next one tomorrow.

Thanks for reading

Keep Chasing that Dragon

• Dahmsy