Cryptocurrency investing can be a time consuming activity as it takes hours, days, and sometimes weeks to effectively research the best coins and to find the most lucrative investments. The emergence of cryptocurrency asset management groups has lessened the strain of keeping up with cryptos and these groups look set to help usher in the next generation of investors. Here are five of the best asset management coins.
Iconomi
Iconomi is a digital assets management platform that aims to facilitate the seamless investment and trade of digital assets. The platform acts as a gateway to a wide variety of digital assets and there are hundreds of digital assets that can form various combinations and investors can tailor their portfolios to suit their requirements. Iconomi simplifies purchasing a variety of digital assets and also boasts fast withdrawals, no contract lock-ins and an increasing selection of supported tokens. When using the platform managers can create a portfolio of digital assets and then offer them to their clients or community as an investment vehicle. The Iconomi token ICN is also available on numerous cryptocurrency exchanges.
The ICN token has seen a recent high of over $2M in trading volume over 24 hours and is currently operating at a price of approximately $1.00 with a market cap of around $100M.
Melonport
Melonport offers the open-source Melon protocol that enables distributed digital asset management on the Ethereum blockchain. Users can set up, invest in a number of digital assets, and easily manage their portfolios. Users can also invest in other portfolios or have others on the platform invest in their choices. Melonport aims to improve transparency related to fund performance while also reducing overhead costs. The team strive to provide a lean, more diverse hedge fund that allows smaller investors to participate.
The Melon token MLN is used to pay the platform usage fees as trading requires users to consume an amount of Melon tokens. Funds generated go into one or a set of smart contracts with stakeholders voting on how to spend them.
The MLN token has recently experienced a 24 hour trade volume of over 700k and is trading at a price of approximately $53 with a market cap of around $31M.
Metaverse ETP
Metaverse is an Asian-operated blockchain project that offers a full range of trading and investment options. The core goal of the Metaverse project is to enable blockchain-based digital asset management. The Metaverse platform allows users to digitize their assets and offers ZenGold, a crypto asset linked to a physical purchase of gold. The team strive to create a platform that allows for the easy trade and exchange of value.
The Metaverse token ETP is used to measure the value of smart properties in the Metaverse and as collateral in financial transactions. ETP is also used to pay for trading fees on the platform.
The ETP token experienced a 24 hour trade volume of over 30M mid October and currently holds a price of approximately $3.20 and a market cap of around $73M.
Blackmoon Crypto
The Blackmoon Crypto Platform aims to tokenize funds rather than specific commodities. For example, a fund manager can create basket of stocks and securities, tokenize the basket and then sell the token on an open market.
Investors can buy tokens for the best performing funds and this allows for a more transparent and efficient marketplace that allows investors to easily navigate the digital assets on offer. The Blackmoon Crypto platform will offer its own first fund in January 2018, as a high yield fixed fiat income fund. This will be followed by a low risk fixed fiat income fund in March 2018. The BMC token allows holders to receive a share of the fees generated on the platform, in addition to allowing token holders to qualify and operates as fund managers on the platform.
Earlier this month, the BMC token experienced a 24 hour trade volume of around $500,000, whilst trading at a price of approximately $0.40, with a market cap of around $12M.
Waves
Waves launched in 2016 with the aim of facilitating the trading of all kinds of digital assets as well as real-world commodities. When using the Waves platform anyone can create their own custom token and trade it with other users. The Waves platform also includes a decentralized exchange or DEX that allows the trade of any token pairs that are on the blockchain. In addition, there are no restrictions on the withdrawal of funds from the DEX. The Waves team seek to allow investors to have more control over their funds and gives them the option to create and manage their digital assets in a number of ways.
Waves reached a market cap of around $500M in early October, but it has been dropping since. The Waves currently trades at a price of around $3.10.