The cryptocurrencies you didn’t know exist that are available with Markets Legion
Bitcoin, Litecoin, XRP, or Ethereum continue to be the largest cryptocurrencies in the world, benefiting from increased media attention and popularity. However, what many people don’t already know is that the cryptocurrency market is way larger and includes thousands of different tokens. Markets Legion is offering a generous asset list and today 4 of the least known tokens will be in the spotlight.
Although these projects are not among the largest by market capitalization, the performance seen over the past several months shows that they have growth potential and high volatility, ideal for retail traders.
Ardor (ARDR)
Ardor is a multi-chain blockchain platform ranking 149 with an estimated market cap of $234 million. With a token value of 23 cents, the project had been developed with a parent-child chain architecture, keeping scalability in mind to solve critical industry problems.
Blockchain bloat, single token dependency, and the need for easily customizable blockchain solutions are just some of the reasons that led to the development of Ardor. It is based on Nxt technology and at the same time, claims to offer the first pure proof-of-stake consensus algorithm in the market.
Bitshares (BTS)
Bitshares is a decentralized platform for more efficient global payments, used for secure crypto trading without any intermediaries. Launched in 2014 under the name ProtoShares, it was rebranded less than a year later and now ranks 150, with $232 million in market capitalization.
The network is powered by the BTS token, currently valued at 7.7 cents, according to coinmarketcap.com. One of the unique features of Bitshares is that the project runs on an open-source blockchain implementation known as Graphene, capable of processing up to 100,000 transactions per second. As of 2021, Bitshares is in a relaunch process and is projected to go through several major changes.
Feathercoin (FTC)
A much smaller token currently part of the marketslegion.com asset list is Feathercoin. With a 4.38 cents token value and $10 million market capitalization, this is a cryptocurrency making payments “lighter than light” as the creator is labeling it.
Peter Bushnell announced the release of Feathercoin back in April 2013, making it one of the oldest altcoins in the market. However, despite its long track-record, it failed to become one of the largest projects. Based on the information available online, Feathercoin is a project focused on user experience, with faster block processing, supported by various mobile wallets and block explorers.
Peercoin (PPC)
The second small altcoin flying under the radar today is Peercoin, launched in August 2012, the first project to address Bitcoin’s issue with energy consumption by using a combination of proof-of-work and proof-of-stake consensus algorithms.
At its peak, Peercoin was the fourth-largest in the world, lagging behind Bitcoin, Litecoin, and Ripple. Now the token value is around 50 cents and the market capitalization little over $13.5 million. Peercoin ranks 798 and despite that, Markets Legion has still included it into its cryptocurrency list.
Among its most recent achievement, the launching of VPool in 2019, a supernode that runs on the V Systems to generate revenue for the Peercoin Foundation, is the most significant one.
The bottom line
By including all these less-popular tokens into its asset list, Markets Legion proves to be focused on offering highly competitive crypto trading services, at a time when price volatility and major daily swings can occur when people least expect it.
The cryptocurrency market continues to be very unpredictable and only with a generous crypto asset list can traders properly take advantage of price movements, without having to rely on a traditional exchange platform
