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ICOs to Watch in 2018: FarmaTrust and OpenPlatform

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During the dot-com boom and bubble of the 1990’s, millions of dollars flooded into the market. A lot of that investment money was lost to vaporware and underperforming startups. Cryptocurrency ICOs (Initial Coin Offerings) remind me of this time.

While a lot of companies failed, some flourished and continue today. Blockchain infrastructure companies and platforms are paving the way for the next step in technological advancement for products to build on. While there are various viewpoints cryptocurrencies, one thing remains true, blockchain infrastructure, protocols and platforms are changing the technology landscape right in front of us. Why do I share this? Because now is the time for investors to be a part of some of the greatest technological advances in decades.

There are a couple of ICOs in particular that are changing the world and have very low hard caps for what they are looking to achieve. The hard cap is what an ICO determines as the most amount of capital it will raise before getting listed on an exchange. When researching ICOs, it is always a good idea to start with this number as it represents the potential ROI compared to other cryptocurrencies already listed.

FarmaTrust

When technology and humanity meet for the greater good, the world changes for the better. FarmaTrust (FTT) is at the forefront of this movement, building a secure platform on the blockchain that eliminates counterfeit drugs and saves companies millions. According to a PWC recent report, up to 30% of all drugs in circulation are fake.

“Fraudulent drugs harm or kill millions around the world and inflict serious damage on the brand names and bottom lines of major pharmaceutical manufacturers.” (PWC Study)

Using cutting-edge technology, such as artificial intelligence and big data analysis, FarmaTrust tracks drugs from the manufacturer to the actual point-of-sale. They are also saving companies money by providing predictive supply chain analysis and the most efficient routes to market. Helping to prevent fraudulent medicines will save lives and money.

From an investment point of view, FarmaTrust is selling 60% of their token supply during the ICO phase with a hard cap of only $20 million at a price of $0.05 per token. FarmaTrust has already started developing key partnerships that will help accelerate their progress. Many investors are pouring money in infrastructure, protocol and blockchain platforms as well as a few top dApps. It is within reason for FarmaTrust to reach a $140,000,000 market cap based on competitor analysis which would give investors a 7x ROI from the ICO launch. If FarmaTrust meets all of their deadlines and accomplishes what they set in the roadmap, the long-term for this ICO could reach over 10x ROI. As with all investment advice, please do your own research. FarmaTrust is one to watch for 2018.

OpenPlatform

The second ICO to watch for in 2018 is OpenPlatform (OPEN). If you are a developer, you understand how complex it can be to set up and handle payment processing or integrating with the blockchain. The OPEN platform is the foundation for the first decentralized API for centralized applications allowing developers to easily integrate decentralized technology into existing centralized apps. Major companies are realizing the benefit of using decentralized apps and the blockchain but usually don’t have the resources to implement the complex solutions.

OpenPlatform provides an API for developers to integrate faster and more cost-effectively to a payment processing infrastructure on the blockchain. For example, if a company wants to accept cryptocurrencies as a form of payment in their existing app, they can use the OPEN API to facilitate that transaction and talk directly to their app database. OpenPlatform provides the technology and security allowing companies to quickly integrate their existing app to a decentralized app. Read the whitepaper to learn more about how this works.

OpenPlatform currently has over 58,000 users on their Telegram and the demand for their technology is growing every day. The OpenPlatform token is ERC20 and is currently $0.08 per token. The hard cap was initially set at $30 million but was reduced to $18 million. This gives OpenPlatform more room to grow their market cap once they list on an exchange. $18 million is low in the current ICO landscape. The potential for OpenPlatform’s market cap to reach $500,000,000 over the next few months is likely as they roll out their features and continue to build key partnerships.

ICOs to watch of 2018 will continue over the coming weeks and we will also provide updates on the ICOs listed in this series. Tell us which ICOs you think are ones to watch and why in the comments.

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 52 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools




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5 Comments

5 Comments

  1. justinorwell

    May 15, 2018 at 9:20 am

    Great picks by the Author, I believe Oneledger and Sparkster are ones to watch this year.

  2. SholaO

    May 15, 2018 at 11:41 am

    I love this segment, really help, well done to the Hacked team for this.
    Yes pls review Sparkster as well

  3. dgreenberg

    May 28, 2018 at 1:18 pm

    Wisely chosen ICO’s, please review Hacken – It should be one of the top 20 !!

  4. SholaO

    September 4, 2018 at 11:30 am

    Hi Kent,

    thanks for this write up, i want to ask if you are still bullish on OPEN and Farma trust considering they have lost over 75% and 95% of their value since launch, would love to get you opinion on the projects so far.

    Thanks

    • Kent Hamilton

      September 4, 2018 at 1:27 pm

      To be honest, we will need to see how it goes when Farmatrust use cases start consuming tokens. Also, other exchanges are needed for liquidity.

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A Tale of Two Pumps: PIVX and INS Ecosystem in Coordinated 25% Spikes on Bithumb Listing

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PIVX (PIVX) was added to Korean cryptocurrency exchange Bithumb on Thursday afternoon and immediately felt a 28% boost to its market value. The pump appears to have been a coordinated effort, with $1 million worth of trades entering the PIVX market in ten minutes on the Upbit exchange.

The other coin added to Bithumb on the same day – INS Ecosystem (INS) – also experienced a similar pump at the exact same time, but on Binance’s INS/BTC market.

Upbit PIVX Pump

At 01:00 UTC on Thursday morning, PIVX/KRW suddenly soared on Upbit, with $1 million entering the exchange in a matter of minutes.

Buy orders then picked up in the Binance PIVX/BTC market soon afterwards, and by ninety minutes later PIVX had climbed 28% in value – from a coin price of $1.26 to $1.62.

The peak didn’t last long, and by Thursday night PIVX can be found back down at the $1.34 mark. Essentially the 28% growth was followed by a 17% loss. Or to put it another way, 75% of the morning’s spike was gone less than twelve hours later.

Daily volumes for PIVX climbed from $1.4 million to $16 million over the course of the day. The Bithumb trades had already started to roll in by Thursday evening, with $1.2 million coming from the exchange’s newly formed PIVX/KRW pair. Upbit continued to be a source of PIVX buys long after the initial pump, hosting 60% of the coin’s total trades.

INS Pump on Binance

Meanwhile, at the exact same time over on Binance, INS Ecosystem (INS) found itself being bought up in huge numbers by one or more BTC holders.

Within ten minutes INS was pumped to the tune of 26%, as $600,000 was added to the coin’s initial $900,000 trade volume. Over the rest of the day, volumes rose over 500%, peaking at over $6 million at time of writing.

INS Ecosystem was mentioned alongside PIVX in the recent Bithum announcement, and already boasts listings on Binance, Kucoin and OKEx. Over 66% of trades came from Binance on Thursday, while the new INS/KRW pair on Bithumb immediately made itself felt, hosting $2.5 million worth of trades.

After suddenly spiking from a coin price of $0.469610 up to $0.592142, INS immediately trailed off, and found itself back down at the $0.50 range by Thursday night.

Who, What, Why?

Both coins were pumped seemingly just moments before this announcement by Bithumb was posted. The Korean publication time for the article equates to 01:00 UTC exactly, while both of these coins were pumped at exactly 00:59 UTC.

One could only speculate on the source of the pumps, but ultimately, two coins have been thrown around like rag dolls today, and it’s anyone’s guess how long the selloff will continue.

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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4.4 stars on average, based on 81 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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Gemini Dollar Approaches Parity with USD After Rocketing Higher Earlier in Week

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The newly launched Gemini Dollar (GUSD) has come back down to earth after its premium over the greenback approached 20% earlier in the week, offering yet another sign that stablecoins are anything but.

GUSD Update

After reaching a high of $1.19 on Tuesday, Gemini’s GUSD token has consolidated at $1.01, according to CoinMarketCap. At current levels, GUSD more or less serves its function as a dollar-pegged stablecoin.

GUSD has a total supply of 1.22 million units but the amount in circulation is unknown. Daily trade volumes amounted to $7 million on Thursday, according to the latest available data.

The sudden upsurge in GUSD followed a large-scale selloff of USDT, another dollar-backed stablecoin. USDT not only lost its peg to the dollar on Monday, it crashed to a low of around $0.89. That was the lowest in 18 months.

Gemini Dollar Overview

As the name implies, GUSD is the native stablecoin of Gemini, a regulated cryptocurrency exchange founded by Cameron and Tyler Winklevoss. The coin was launched in September after the brothers obtained regulatory approval from the New York Department of Financial Services to issue a dollar-pegged cryptocurrency.

As a stablecoin, GUSD is supposed to be pegged to the U.S. dollar on a one-for-one basis, giving traders access to instant liquidity on the Gemini platform without funding delays. This means every unit of GUSD issued must have a commensurate supply of fiat dollars in a Gemini bank account. This gives Gemini the discretion to release more GUSD tokens as its fiat-currency reserve grows.

Gemini claims to offer the world’s first regulated stablecoin backed by proven reserves at State Street Bank and Trust Company. The company’s focus on regulatory transparency contrasts markedly with other stablecoin projects, which have come under fire for their failure to produce a verifiable audit of their accounts.

Tether’s USDT is the most popular stablecoin in circulation, accounting for more than a fifth of all trade volumes of virtual currency exchanges, according to CoinMarketCap. Tether has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC) amid allegations it was pumping bitcoin’s price by issuing more tokens than it has in reserves. The company also shares key executives with Bitfinex, the primary exchange accused of facilitating the pump.

Although Tether has avoided legal troubles, it has faced growing suspicion from market players. This came to a head on Monday after USDT lost its peg to the dollar.

It remains to be seen whether GUSD will become a viable alternative to USDT. Its regulatory backing paints a positive picture for the future of stablecoins, but its direct ties to Gemini could limit adoption given the exchange’s relatively small scale. As of Thursday, Gemini was the 43rd largest exchange based on adjusted trade volume.

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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4.6 stars on average, based on 647 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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Monero Price Analysis: XMR/USD is Stable and Gunning for Potential Gains on “Bulletproofs” Technology Update Day

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  • Monero developers have released an updated version to their protocol, implementing “Bulletproofs”.
  • XRM/USD is within a range block, with price behavior suggesting of a potential imminent breakout higher.

Monero Becoming First Crypto Over Billion-Dollar Market Cap Implementing “Bulletproofs”

Developers at the Monero foundation, have released an updated version to the protocol. This will be live from 18th and 19th October. They are becoming the first network to try out “bulletproofs”. The goal of this technology is to significantly decrease the weight of confidential transactions. From today, 18th October, the privacy-focused cryptocurrency will be testing this.

The move from Monero will make them the first crypto with over a billion-dollar market cap, to try out the “bulletproofs” technology. Over the past year, the foundation has been working on cutting the size of its confidential transactions, by at least 80 percent.  A full overview of the upgrade was posted in a blog post by Monero.

The purpose of bulletproofs are to facilitate confidential transactions. Senders and recipients addresses will remain visible, but the amounts being sent is concealed. The technology also aims to reduce transaction times and fees.

Sarang Noether, a spokesperson for Monero and a key part of the bulletproof integration, was recently speaking on the upgrade. He noted that “Bulletproofs will be replacing the “zero-knowledge range proofs”, of which their confidential transactions are reliant on. The cryptocurrency will activate the technology during its next system-wide upgrade, or hard fork. An upgrade that will require nodes to adopt a new software. Furthermore, Sarang added, “hard forks are sometimes colored as a risky process. However, this upgrade is part of Monero’s bi-annual cycle to introduce new features.”

Technical Review – 4-hour Chart

XMR/USD 4-hour chart

XRM/USD for the past going on three sessions now has been trading within a tight range-block. This trading behavior coming after the aggressive movements seen just some days before. On 11th October the price had spiked over 10% lower. To then enter a tight range, which saw a huge breakout, jumping around 20% high. Over half of this spike to the upside was reversed, moving into the three-session range as mentioned above.

Looking to the upside, eyes will be on another range-breakout. Bulls will be wanting to retest the breached supporting trend line. An attempt was made during the rally seen on 15th October, however strong resistance was observed. In terms of support, this can be eyed at the lower part of the current range, around $107.50. If the bears pile enough pressure, it vcould see a fast move back to $100, then further south below demand area from $86-76.

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 32 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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