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ICOs to Watch in 2018 Part 2: Akropolis and GoChain

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This is part 2 of the series, ICOs to Watch in 2018, which highlights ICOs that are positioned to do well over the next few months. To review the first article in the series, where we explored FarmaTrusst and OpenPlatform, click here

As more and more ICOs are launching on a regular basis, some of the top ones are starting to make themselves known. These select few ICOs are changing history right before our eyes. The two ICOs covered today are making a big mark on society and changing it for the better.

Not only are these ICOs disrupting major society norms, but they also have the potential to change individual investors’ lives as well. 2018 will be a year where many take a risk and reap the rewards. However, none of what is written in this article should be considered financial advice but is the opinion of the hacked analyst based on arduous research.

When researching ICOs, try and look for those that are building the infrastructure of the future, such as platforms, blockchains and protocols. These type ICOs will prove to eclipse dApp ICOs many times over in terms of ROI.

Without further ado, let’s jump right in.

Akropolis

Akropolis makes the complex world of pensions and retirement funds easier to understand and more accessible. Traditional retirement plans include 401(k)s and pensions. Many people do not understand the difference between a 401(k) plan and a pension plan. 401(k) plans allow individual employees to choose their own retirement investments with no guaranteed minimum or maximum benefits and the employee takes on the full risk. A pension is a guaranteed monthly income in retirement in which the plan provider takes on the investment risk.

Akropolis’ vision is to solve traditional pension plan issues, such as reliance on third parties, and disparate systems. Currently, users have to keep up with their pensions when moving from one company to another. This process can be cumbersome and complicated. Akropolis will be a central source of pension management to make it easier for users to invest and keep up with their retirement funds.

“I first heard about the pension time bomb in 1996 when my professor Jim Ball, closed the semester with a warning that nobody was doing anything about it. Now, more than 20 years later, still nobody is doing anything about it, and we now know that regardless of pension contributions made youth, they are never going to get a pension. This – Akropolis – is the first time I’ve heard anyone come up with a positive, thought-out approach to the pension time bomb. I’m in.” – Ian Grigg

Akropolis is positioned to revolutionize an archaic pension fund system. Akropolis gives more control to the individual, fund managers and pension funds themselves while providing access to a secure simple to use platform.

Akropolis Investment Details:

  • Token Price: 1 AKT = 0.0690 USD
  • Token Supply: 900,000,000 AKT
  • Available for Purchase: 360,000,000 AKT
  • Hard Cap: $25,000,000 USD

With a hard cap of $25 million, Akropolis is positioned to easily double, if not triple initial investments. A company such as Akropolis that is providing so much value can easily reach a $75 million market cap within six months. ICOs that are updating old technology and building a new technology infrastructure have the potential to take off in the current market climate. A few ICOs have an idea and a whitepaper with very little substance, while Akropolis is taking on the complex pension fund industry head first. The team behind the project is very strong and the advisers are well very experienced in running successful ICOs themselves. If Akropolis stays on course and hits all of its deadlines it will definitely be one to watch in 2018.

GoChain

GoChain is a high performance, scalable blockchain that supports smart contracts and distributed applications. GoChain is 100% compatible with existing Ethereum wallets and smart contracts. This will allow dApps on the Ethereum network to move seamlessly over to a platform that is 100x faster.

GoChain’s testnet went live in March 2018 and produced amazing results.

Confirmed transaction rates range between 1,100–1,500 transactions per second (TPS) averaging approximately 1300 tx/sec. In May, GoChain released their mainnet, which has shown similarly fast, verified transactions per second. The goal over the next few months is to increase tx/sec to 13,000. While 1,300 tps is already way faster than Ethereum, 13,000 will be groundbreaking opening the blockchain to the possibility of mainstream adoption.

GoChain’s management team is made up of very experienced individuals:

Jason Dekker – CEO

Jason is a former hedge fund manager managing in excess of $250 million. He has extensive C-level experience in finance, biotech, traditional tech and the food and beverage industries.

Travis Reeder – Chief Software Architect

Travis has over 20 years of experience developing high scale applications having founded successful technology companies. He has also raised tens of millions in funding from some of the top VC firms in Silicon Valley.

Blockchain ICOs remains the top investment choice of many investors. As we are in the midst of a blockchain revolution, GoChain is poised to take dApps to the next level by providing faster speed than Ethereum while still offering the advantages of smart contracts.

From the investor view, GoChain raised approximately $13,700,000 during the ICO. For a blockchain project of this scale, this is a very low hard cap. To put the GoChain potential ROI into perspective we can compare this project to Ethereum itself. ETH currently has a market cap of $58 billion. If GoChain were to reach a $58 billion market cap, this would give investors a 4,200% return. This comparison can be made because GoChain is fully compatible with ERC20 applications that are built on Ethereum and offer all of the same technological advantages of Ethereum platform itself while increasing transaction speeds 100x. If GoChain were even to capture 10% of the Ethereum dApps market share, investors would still realize a 426% ROI.

The ICO itself sold out quickly but there is still time to get in on the ground level by buying tokens right as GoChain is listed on its first exchange. While no one but the team knows the exact date, most ICOs are listed on exchanges fairly soon after their ICO ends to allow for token liquidity. GoChain is definitely one to watch in 2018 and beyond.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 53 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools




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Binance Coin Price Analysis: BNB Still in Trouble Despite Recent Strong Fundamental Prospects

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  • BNB/USDT moving within an ascending channel formation, subject to a breakout to the downside.
  • There is much anticipation ahead of Binance’s DEX launch, expected in early 2019.

Binance Coin (BNB) has made a decent recovery since being slammed in November and into the early part of December. The price had initially dropped a whopping 58%, before then being able to stabilize most recently on 7th December. Since, BNB has jumped as much as 20% to the upside, moving within an ascending channel formation. However, despite the gains of late, a similar bounce was initially seen on 25th November to 5th December, before another dump. BNB/USDT had tanked a chunky 35%, after this brief period of stabilization.

Strong Fundamental News Flow

The world’s largest exchange by traded volume will some be launching their own decentralized exchange (DEX), expected for early 2019. There is much excitement and buzz across the social media space for this to go live. The development team have already noted that their BNB will be moving from its ERC-20 token status, which is currently on the Ethereum blockchain. As a result, this will be transferred to their own proprietary blockchain, which is set to be called Binance Chain.

In terms of a decentralized exchange, this technology can facilitate a new type of pair matching, allowing users to be able to place orders in addition to trading cryptocurrencies. This can be done without the need of an intermediary institution, managing the ledger or even controlling the user’s funds.

Elsewhere, Binance recently announced that they will be adding a new feature for the benefit and to attract more institutional investors. They will have the facility to create sub-accounts on the Binance exchange. Finally, the company have also exercised further use of their token, BNB, as these can now be used via Tripio to secure bookings.

Technical Review – BNB

BNB/USDT 4-hour chart

Price action over the past six sessions now is moving within an ascending channel formation. This comes after the decent bounce from the low on 7th December, having dropped to a low of $4.1200. At the time BNB/USDT was very much oversold, dropping to 26 via the RSI on the 4-hour time frame. Technically, such moves are subject to a potential breakout to the downside.

Support Levels

BNB/USDT weekly chart

Near-term support should be noted at $4.8000, which is the lower part of the observed ascending channel. Further south, eyes would be on the 7th December low at $4.1200. BNB/USDT is already trading around the lower levels seen since December 2017. Lastly, should the above-mentioned be breached, then a fall to $3.2500 could be on the cards. This is a weekly support seen for 17th December 2017 week commencing.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 84 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Altcoin House of Sand: Only BTC, LTC and XRP Remain From Five Years Ago

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If anyone is in need of a harsh reminder of the precarious nature of the altcoin market, one could do worse than to browse historical cryptocurrency data charts. Of particular note is the severe lack of presence by a vast majority of coins which would have been considered major altcoins just five years ago.

Bitcoin, A Hardfork & The Coin Formerly Known as Ripple

Looking at a historical snapshot of CoinMarketCap’s front page from December 2013, we can see that only Bitcoin (BTC), Litecoin (LTC) and XRP (XRP) have survived the five years since.

In fact, from the entirety of the fifty coins listed in 2013, none are currently placed within the market cap top hundred, except the three previously mentioned. The coin to come closest is Nxt (NXT) – a coin which was ranked 16th in 2013, with a market cap of $5 million. Now Nxt floats just outside the top hundred, ranked 106th with a market cap of $28 million – a not insignificant upturn.

Ranked 4th in 2013, with a market cap of $87 million, Peercoin (PPC) went the other way, and now holds a value of $14 million. The once popular Namecoin (NMC) shared a similar fate.

Naming Conventions

As you can see from the names of 2013’s highest capped cryptocurrencies, the current convention of giving cryptocurrencies vague, enigmatic, somewhat futuristic names had not yet begun. (TRON, Ethereum, Ontology, Qtum, I’m looking at you).

Instead we have a succession of ‘coins’ with various levels of importance and function suggested by their names – ‘World’, ‘Prime’, ‘Peer’. The trend is bucked only by Bitshares PTS (PTS) and Quark (QRK), while further down the list we have BitBar (BTB), Franko (FRK) and Argentum (ARG) – none of which rank any higher than 900th today.

Bitcoin Loses Dominance

In 2013, the coins ranked 2nd, 3rd and 4th combined to produce a market cap just one tenth that of Bitcoin – which was worth $10 billion during December 2013’s peak. Litecoin, XRP and Peercoin added up to just over $1 billion at the same time.

Bitcoin dominance was at 88.9% five years ago, while even Litecoin’s 6% of the market share was greater than the ‘Others’ which made up the entire rest of the altcoin market.

This contrasts with today’s status quo which sees Bitcoin worth $60 billion, and the next three alts worth a combined $24 billion – a significant increase from one tenth, to two fifths of Bitcoin’s value.

Taking those numbers as a cross-section of the market, we see that the altcoins have exploded, and grown ahead of Bitcoin in the last five years – but for how much longer? As the Nxt (NXT) example shows, even though the altcoin market was diluted and overrun in the last few years, still enough new money came in during 2017 to continue to keep some old coins afloat.

But with the current altcoin decline of 95-99%, and the ICO trend beginning to fray around the edges, one wonders for how much longer cryptocurrency investors will keep faith in something that has proved so fleeting and transitory in the recent past.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 103 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




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Cardano Price Analysis: ADA Moving Within A Deadly Range Block

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  • ADA remains vulnerable to further downside pressure, and there is potential for another 50% drop.
  • IOHK launch two new Cardano tools, ‘Plutus’ and Marlowe for smart contract writing.

Cardano’s ADA price has been very much depressed for the past five weeks now, dropping well over 60% within this period. As a result, ADA/BTC it has been forced to trade around the lowest levels seen since December 2017. It still has yet to show any promising signs of it escaping this stubborn downside trend.

Over the past five sessions, the price has managed to stabilize, producing a near-term bottom within the $0.02800 region. Important to note, with the above-detailed, ADA/USDT price action is moving within a narrowing range-block. This is subject to a potential breakout, causing a deeper drop, as part of this bearish market.

IOHK Launch Two New Cardano Tools

Earlier this week, IOHK, the engineering company that builds cryptocurrencies and blockchains, announced two new tools. These will be for the writing of smart contracts on the Cardano network. The tools named Plutus and Marlowe have now been launched in test format. They have been introduced to provide great value of assistance for start-ups, financial services and fintech industries, and academia. In all cases, the tools allow for preparation of blockchain contracts which will run on Cardano.

Plutus

Plutus will be providing general purpose programming language and tools for Cardano. The scientists and engineers at IOHK were able to combine the discipline of the Haskell functional language with Cardano. As a result, the creation of a platform for fintech developers to write secure and robust smart contracts is being developed.

Marlowe

Marlowe is a streamlined way for non-programmers to generate code and create software products. It has been noted at an easy-to-use tool. Even professionals operating within the finance industry who do not have any programming experience can build these automated financial contracts on the blockchain.

There was full coverage on this and an exclusive interview with IOHK and Cardano’s Charles Hoskinson, on this. See more.

Technical Review – ADA

ADA/USDT 4-hour chart

Looking via the 4-hour char view for ADA/USDT, vulnerabilities remain to the downside. As touched upon earlier, following the steep falls through November into December, price action has found some firmer footing. However, with this consolidation state, a range-block has been formed, which is subject to exposure by the bears.

ADA/BTC weekly chart

The near-term support as part of this current range should be noted at $0.02800. If this fails to hold, there could be some chunky downside to come. Judging from ADA/BTC, there could be room for another 50% move south. Further south eyes would be on the next major area of comfort, seen at the 0.00000550 region.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 84 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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