If you’re invested in the cryptocurrency industry, then you’re well aware that there are certain coins and tokens that receive most of the attention. Bitcoin, Ethereum, Litecoin — these cryptocurrencies consistently make headlines in publications and news outlets.
Hiding amongst these highly visible assets, however, are other cryptocurrencies and tokens that have managed to claw their way up to the top of the food chain and position themselves above the rest. For those who want viable investments which vary from the typical assets, here are a few lesser-known cryptocurrencies that have high market capitalizations.
Tron is a decentralized, blockchain-based platform with the mission of connecting content creators directly to consumers and eliminating middleman services that take a cut of the costs and make content harder to access. Although the name of the platform and the organization is called Tron, the cryptocurrency used on the platform is known as Tronix.
Much like other platforms, Tronix is used to power the Tron platform and allow consumers to purchase their favorite content from their favorite content creators. This cryptocurrency can then be used and exchanged as the content creator sees fit. At the time of writing, the price of Tron or Tronix is at $0.02 per token and the overall market capitalization is approximately $79 million.
Stellar is a platform that is similar in nature to Ripple, albeit with a few additional features that make it potentially more desirable to individuals instead of financial institutions. Stellar is a payment platform designed to make cross-border payments quick, affordable, and simple. Unlike other platforms that offer these services, however, Stellar separates itself by providing a platform that can be integrated with financial institutions and centralized, but can also be used in its decentralized format and provide quicker transactions speeds than most other competitors.
It’s cryptocurrency, which is known as Lumens, is the form of payment sent between users so that they can make exchanges for their native currency once a transaction is finished. At the time of writing, the price of Lumens is $0.02 per token and the overall market capitalization is approximately $4.5 billion.
EOS is yet another decentralized, blockchain-based project that was designed to provide developers with a place to develop, host, and launch their web applications. The EOS platform provides developers with an easy-to-use interface that helps them to achieve the same thing they would if they were setting up a web application on the internet but with much simpler controls, storage, and an overall lower cost.
Unlike other platforms, the cryptocurrency that was created for the EOS platform, which is also known as EOS, is not used as a form of payment. Instead, the tokens are used in a proof-of-stake system in which developers hold tokens in order to gain access and storage to the EOS platform. The more that a developer holds, the more that they can do within the network. At the time of writing, the price of EOS is at $5.40 per token and the overall market capitalization is approximately $5 million.
As you can see, the main cryptocurrencies you hear about on a daily basis are not the only major players in the cryptocurrency industry. For those who are curious about some of the other cryptocurrencies that have potential (or are already doing well for themselves but not receiving enough coverage), these three options will help introduce you to other high-achieving cryptocurrencies currently on the market.