Based on a 2018 survey by Finder.com, only 8% of Americans own cryptocurrency. And about 5% of the holdings that belong to that 8% is Bitcoin.
Thus, it makes sense that people who have skin in the crypto game, and it makes sense that they’re looking for the lowest-risk option.
For the other 3% that invest in altcoins, the opportunity to make larger gains far outweigh the risk. Then the question becomes, which of these coins will succeed and which will fail?
If the increased market cap position is equal to increased risk, and the increased risk is equal to fewer buyers, most people will look at the top 10, while fewer will look in the top 100s, and the even fewer buyers will explore meet the abyss that’s the rest of the crypto market.
Request Network
Request Network is planning to become a “decentralized PayPal” by making a payment bridge between all sorts of currency, fiat, crypto, in a myriad of ways. Their main goal is to let their users request for payments that can be paid by the recipient safely and securely.
Because of this, it very similar to PayPal. This difference lies in how the entire platform is structured, and due to Request Network’s information being saved in a decentralized manner, the transactions have the potential to be secure and less expensive.
While the ICO doesn’t specify deadlines, they do well in making sure their company is updated via their blog. Request Network always makes sure to place their progress on constant display. In their “Up Next” section of the roadmap, they are planning on developing a cross-platform functionality feature, as well as their smart audit and accounting beta applications.
With the successful implementation of these features, combined with the partnerships with Y-Combinator and Price Water House Coopers, the value of Request Network’s execution and ideas could place them in a top 100 spot next year.
Everpedia
Chances are, if you’ve browsed through the internet at all, you’re well aware of Wikipedia. What you might not know is that Wikipedia is a website that relies on donations and user submissions to keep afloat. If a reader feels compelled to edit incorrect information on the pages, they can make edits easily.
Everpedia is using the same concept, but with an added twist. It comes with the added benefit of financial compensation for editors and contributors. Instead of asking for donations at certain times of the year, its token model will reward positive contributors and can penalize malevolent activity and false contributions.
Since the number of people using the internet for research and information is on the rise, having a verifiable rule on how to document accurate information on a grand scale is more possible than ever.
Conclusion
Looking into ongoing ICOs is a great way to find out which altcoins might take over the crypto market. Still, you need to conduct your own research when doing so, as each ICO has a volatile track record on the exchanges. Ultimately, with these two ICOs, we can expect a lot more from them in the near future.
