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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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4.6 stars on average, based on 49 rated postsKent Hamilton - ICO Analyst on Hacked and Co-Founder of SpryOne - Loyalty Platform on the Blockchain




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Siacoin Takes 8.8% Hit as Devs Fight Over Bitmain-Less Hard Fork

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Siacoin (SIA) sunk 8.8% over the course of August 21st as growing conflict escalated between the blockchain’s core developers concerning a possible upcoming hard fork. The Siacoin founder David Vorick represents one half of the Siacoin community which wants to hardfork the blockchain to exclude Bitmain miners.

If you value decentralization then you might consider that a noble goal, but the issue becomes muddied by the fact that Siacoin have still left the door open for their coin to be mined by one particular piece of mining kit – the one that Vorick’s company manufactures and sells.

The situation becomes even more fraught when you factor in the sum of $22 million raised by the company, Obelisk, which hasn’t produced the mining rigs it was supposed to.

Siacoin Price Plunges 8.8%

Amid this chaos Siacoin fluctuated throughout the day, losing 8.8% of its value at one point as the SIA coin price fell from the daily high of $0.005860 to the four-day low of $0.005341. That price hadn’t been since since August 17th, and between that date and now SIA has fluctuated by double-digit percentage figures. An eventual recovery was initiated which saw the price rise back up to the $0.0055 range at the time of writing (18:45 UTC).

Volumes are down 85% over the course of the month, although haven’t quite bottomed today at $2.3 million. Interestingly, the highest concentration of SIA’s trades have come against Chinese Yuan (CNY) today on the QBTC exchange. Interesting because Chinese investors could be the ones to take the worst hit if the proposed hardfork goes through.

Fork Bitmain

The hardfork would see Bitmain mining rigs rendered useless by an alteration of the Siacoin code. The only remaining equipment capable of mining Siacoin would be dedicated machines sold by Obelisk, Siacoin creator David Vorick’s own company.

When Obelisk missed the July deadline for the delivery of the mining rigs, chaos ensued. Claims made by Vorick that buyers would be refunded turned out to be somewhat less than true. Shortly afterwards the main developer for all of Siacoin’s online presence quit the firm, stating in a lengthy Reddit post that the company knew very well that they wouldn’t reach the proposed deadline.

As the pseudonymous RBZL stated in the Reddit post:

“Sorry, guys. I can’t do this anymore. I can’t support this project. The mismanagement and hypocrisy is overwhelming.”

What’s Next?

Vorick has already conceded that relevant legal action relating to the missing Siacoin miners would be enough to sink his Obelisk firm, with knock-on effects for Siacoin. As RBZL told Coindesk:

“I have no interest in seeing the sia project go under, but they’ve done a good job of setting themselves up for that possibility.”

Siacoin is ranked around the market cap top-forty, and sets itself up as a decentralized, distributed storage platform. But another of RBZL’s assertions may be more damning than the hardfork furore, stating one of his prime reasons for leaving as:

“The typical community member is largely not interested in the storage product, only the eventual price and some form of ROI.”

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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4.4 stars on average, based on 38 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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Crypto Pricing: Still Searching For The Bottom

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It seems like this entire year has been devoted to rational thinking people searching for rational answers. Why are crypto prices so consistently under such unrelenting selling pressure? There has been no shortage of explanations.  Unfortunately most of them fall far short of the task.

We all remember all those rational thinkers at the San Francisco Federal Reserve who teamed up with Stanford University in a study that concluded that the CBOE was responsible.  The thinking goes that creating a futures market for Bitcoin lead to the collapse.

That study was grossly misleading.  During the first month of Bitcoin futures trading, there were fewer than 900 contracts traded, most of which remained open contracts.  That is less than 0.01% of Bitcoin’s daily volume. Come on folks, you can’t be serious.

More recently on a rainy weekend,  I came across an article noting how short sellers were ganging up on Bitcoin. True, the short position had about doubled in just one month from something like 16,000 to 28,000 coins. Frankly, I was surprised that the short position was so small given the collapse of Bitcoin.

This amount of short selling is far too small to account for more than $300 billion in lost Bitcoin value.  Bitcoin trades over 500,000 coins on any given day. That means that short selling volume over that month was 0.0008% of Bitcoin volume: totally inconsequential.

Something to remember, every short sale at some point will have to cover.  The only way is to buy into Bitcoin. So at this point, a gigantic short position would be good.

Blame It On ICOs

And there are those who pin the blame for crypto prices on Ethereum based ICOs cashing out. Even though it comes nowhere close to explaining the loss of $600 billion in total crypto losses, there may be some truth to this point. Since the beginning of 2017, according to ICOWatchList, tokenized startups have raised a total of $8.5 billion of which about $3.7 was accounted for last year.

Recent studies have concluded that 75%+ of last years ICO were scams. This is a highly debatable point but it is likely to be a conservative measure for the number of failures of last year’s crop of crypto financed business startups.  But even here there is a limit. At its peak in January ETH was valued at $133 billion. Currently that value is $100 billion+ lower than just eights months ago.

There is no question that ICOs influenced ETH speculators but what that doesn’t begin to explain the loss of more than $600 billion in aggregate losses for all crypto assets, nor does it explain how closely matched has been the difference in price performance between Bitcoin and Ether during the last six months of this year.   

Where Is The Market For Crypto Spenders

During the current threat of global trade wars, crypto may prove to be a haven for citizens of China, Turkey and other countries.  But the real problem is the the world’s 7 billion inhabitants have almost no place to spend their Bitcoins and still fewer places to spend their altcoins.

The drop in crypto prices this year has done nothing to encourage its acceptance as a medium of exchange.  The CBOE claims that the presence of Bitcoin futures helps reduce the notorious volatility. This is supported by July showing the lowest volatility in more than a year. It will take more than one month of calm to make a difference.

The fact remains that most ICO, whether they succeed or not, are geared more toward speculation than anything else. Only 2% of capital raised is for commercial/retail projects while over 20% went to financial projects like crypto exchanges.

While certain financial projects like cryptocurrency merchant processors helps limit volatility risk for retailers. Most major outfits that did accept the cryptocurrency have stopped citing volatility concerns. None the less this hasn’t helped crypto adoption by business.

According to Chainalysis, merchant processing over nearly the past year has dropped 85% for all crypto.  Projects like Bitwala, Wirex and TenX, that serve as a consumer bridge between crypto and fiat currencies, are just getting started. The crypto world needs more major brands than just Overstock.com, Expedia, Subway and PayPal to accept a full range of crypto not just Bitcoin,  before speculators are replaced by crypto spenders.

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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4.4 stars on average, based on 98 rated postsJames Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies. He has a special passion for writing about the future of crypto.




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TRON Price Sinks 17.5% In Three Days: Is Justin Sun a Marketing Genius?

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Anyone seeking a career in marketing could do worse than to pay very close attention to the noises coming out of Justin Sun’s TRON HQ in recent months. At a time when TRX is at its lowest ebb, the TRON hype has never been stronger.

The power of promotion relies on always being seen, and TRON seems to be in the headlines for a new acquisition or partnership every week now. That hasn’t been enough to reverse the decline of the coin price, but may be helping to ward off even lower lows for TRX.

TRON Sinks 17.5% In Three Days

In the three days between August 18th and today, August 21st, TRX lost 17.5% of its value as it struggles to stay afloat above the $0.02 mark.

On August 18th TRX was trading for $0.024510 before dropping to the $0.0206 range later in the same day. What followed was two and a half days of recovery before the coin’s value eventually plunged once more, this time falling even further down to $0.0202 in the early hours of this morning (UTC).

For last night alone TRON is down 7.5%, after falling from a coin price of $0.021875. TRON has been mired in the $0.02 range since August 6th – the last time TRX climbed higher than $0.029999. Only three weeks ago TRX was flirting with the $0.04 range after reaching a value $0.039955 on July 30th.

The descent since then has been brutal, with the coin reverting to December 2017 prices en route to a nine month low of $0.016875 on August 14th, just less than a week ago. The rise to $0.024510 since then was impressive, but those gains haven’t been sustained.

Sun’s Hype Train Rolls On

On August 18th Tron was integrated into the Seedit platform which now allows Twitter users to send TRX directly to any other Twitter user, even without their permission or confirmation.

The new technology was immediately put into effective use by members of the TRON community as users began sending (small) sums of TRX to various high-profile celebrities in the hope that one would Tweet their approval, or at least, interest.

At the time of writing, neither the Pope, Ellen DeGeneres, nor Kanye West have done either, but it stands as another example of the TRON Foundation’s understanding of basic marketing techniques.

Even at the time of gladiatorial battles in the Roman Colosseum, local merchants would hire artists to paint giant murals commemorating the time the most popular gladiator visited their shop, in the hope of profiting from the association.

Today, one little ‘like’ on Twitter does the same job, and by constantly forcing themselves into the Twitter news feed for one reason or another, TRON stands a better chance at gaining those likes than most.

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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4.4 stars on average, based on 38 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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