Sentiments towards the cryptocurrency market are changing. For instance, the G20 group of countries has announced that will continue to monitor the developments in the crypto space while acknowledging that the virtual assets can positively impact the world economy. It also stated that all this will be done with caution due to the volatility nature of the cryptos. On the other hand, the US Chamber of Commerce has urged the SEC and the CFTC to clarify the regulations of the market in order to encourage innovation and growth.
Although this article is going to explore the best altcoins to buy at this time in the market, regulations have become a fundamental part of cryptos’ performance. Therefore, positive sentiments from the authorities mean that cryptos perform much better and could also mean that it is a good time to buy. That aside, let us explore why KuCoin Shares (KCS) and AdEx (ADX) are the best altcoins to buy at the moment
KuCoin Shares (KCS)
KuCoin Shares is the cryptocurrency backed by the Hong Kong-based cryptocurrency exchange, KuCoin. The digital asset was introduced to ensure that the holders of the altcoin benefit from the success and profit of the exchange platform. Profit is shared on the basis of the number of KCS coins a user holds. Users are able to earn a passive income by simply holding KuCoin Shares. At the moment, the exchange company has committed to distributing 50% of the revenue collected to its users. However, the profit share is bound to do go down in the future.
Holding KuCoin Shares (KCS) could be the best feeling you ever get with cryptocurrencies because the payout share is released every day. Imagine waking in the morning and your balance of Bitcoin, Ethereum and a hundred other coins which you may not be holding have grown some more.
KuCoin Shares is currently trading at $251 million and is ranked the 50th crypto in the market. Its trading volumes have gone down in the past one week closing at $286,025 on July 22. However, the volume appears to be on a rise and is currently at $688,506 in the last 24 hours. Unlike other cryptos with billions of coins, there are only 180,730,576 KCS coins in the market while 90,730,576 KCS are currently in circulation.
AdEx (ADX) is a decentralized platform that is taking on the advertising industry using the blockchain technology. It is open-source and works on Ethereum smart contracts as a decentralized digital ad exchange. It has created an ecosystem where there is transparency for both the advertisers and the publishers. The users also get an amazing experience with advertisements.
The AdEx 2qw allows the users to control the type of ads delivered to them based on their AdEx User Profiles. On the other hand, advertisers are able to make the most out of their advertisement efforts by sending unique ad content to the intended audience.
The ADA token is a token that has significant utility on the platform. It is an ERC20 token and is used when buying, selling as well as the bidding of advertisement space along with time.
At the time of writing, AdEx price is trading at $0.544, while the charts show that is up a whopping 40% in the last 24 hours. The trading volume has also gone ballistic from $668,714 on July 22 to $64,602,900 in the last 24 hours. The crypto is currently ranked 190th with a market capitalization of $38 million.