Digital currencies in the crypto market are taking a long trip downstream cutting off the gains they have accumulated during the Bull Run in April which was led by Bitcoin. A lot of digital currencies are on their own journeys with some declining to support levels while others are re-bouncing to move above the barriers heading to the upside.
The consensus 2018 conference (the largest blockchain event) in New York has just ended. The market disregarded predictions from experts such as Tom Lee. Rather than spiking in yet another long-awaited Bull Run, digital currencies have been declining further.
Nevertheless, there are some digital currencies that are scaling up the line despite the negative pressure. They offer the best purchase opportunity, resulting in good RoI (return on investment) to the willing investors.
IOTA is a cryptocurrency that is redefining ownership, trust, and value by empowering the global community to come up with a shared economy. In a nutshell, it is a Distributed Ledger (with no permission) for a shared economy. IOTA boasts of being the first distributed ledger (DL) that is powered by the future of IoT together with feeless micro-transactions.
This digital currency has been on the radar of most investors because of its well-designed technology, besides it offers real-life solutions for the future. The value of IOTA is $1.7 at the time of writing, while its value was over $2.7 on the 3rd of May.
Binance Coin (BNB)
Binance is the digital currency that was created by the largest digital currency exchange platform – Binance. The digital currency was introduced via Initial Coin Offering with a total supply of 200M. As a digital currency launched by a trading platform, it has different forms of uses. For instance, it is used to pay for transaction fees on the platform.
BNB is trading at $14.37 at the time of writing, although its value was up to $16 in the Asian trading hours earlier today.