If you looked through the currencies that Binance was offering to trade only a few weeks ago, you would have realized that Po.et (POE) was at the bottom of the list. Many investors couldn’t understand why the solid project backed by heavyweights like Samsung Vice President Richard Titus and Ethereum cofounder Anthony Di Iorio was trending so low. But like the little train that could, this one is climbing its way to the top of the mountain of coins.
Those who have been in crypto long enough have come to expect that any unique and interesting project backed by a big company has one way to go; up. This has been the trend for many cryptocurrencies, particularly over the last few weeks. We reviewed POE and it appears to meet these criteria.
If you are wondering whether to invest in Po.et (POE), there is quite a bit of positive sentiment to consider. POE dipped to 17 cents yesterday, presumably because investors are taking profits since it’s already bounced back to a new ATH in the 28 cent range.
We posted about the rise of POE before it reached its pinnacle, and as things stand there may very well be plenty of room for growth. You may be wondering what’s to like about this tiny little coin. For starters, there’s its experienced team. Second, we can look at the history of other coins with a large circulating supply a low entry price. Tron and Ripple are examples of coins that took off once they reached the top 100 list. People had predicted its growth when it was in the 10 cent range, suggesting that if it surpassed 20 or 30 cents, it could moon to $1.
Another coin that took off at the beginning of the year was RaiBlocks XRB. It’s among the early adopters of Proof of Stake (POS) coins that don’t require huge amounts of electricity for mining. According to their website, XRB is highly scalable and can efficiently process a high volume of transactions. Which other coins should you watch out for? IOTA’s been climbing the charts, though some experts have expressed major security concerns with this coin, according to an article by Jeff Kauflin of Forbes.
Like Tron and Ripple, these smaller cryptocurrencies have low fees, simplicity, scalability and low latency. These attributes create a good user-experience, and assuming that cryptos like IOTA can overcome their hiccups, it puts them in a league above slow, expensive monsters like Bitcoin core. The new generations of cryptocurrencies like Po.et, Tron, Iota, and Raiblocks are gaining popularity, setting a trend for the POS (Proof of Stake) takeover of POW’s (Proof of Work) previous dominance.
Po.et’s mission is “Proof of Existence.” The project is becoming more stable than most cryptocurrencies thanks to its solid development team and people with solid track records on its board of advisors. If more investors catch on to the many positive aspects of this project, then it’s entirely possible that the price will soar.