Connect with us

Altcoins

Three Sleeper Cryptos With Massive Long-Term Potential

Published

on

Unless you have access to trading software and bots, trying to trade in and out of different cryptocurrencies is a recipe for disaster. The better strategy is to find a couple projects you really did research on and believe in. Then pile large sums of money into said projects when prices are near their floor. After this, you just patiently wait for the run-up, sell a percent, then wait for the dip and buy up more using the money you got from selling high.

To use this strategy, you need to find a quality project that meets the following criteria:

  1. It will certainly still be in the game two years from now.
  2. Current price is close to the ICO price.
  3. Team is strong and well connected.
  4. Unique and needed use case.
  5. Not on Binance yet.
  6. Token has value inside the ecosystem.

Here are three sleepers we believe fit this bill.

Bottos

Bottos is building the infrastructure for AI development through blockchain technology in order to create a new decentralized AI ecosystem. The Bottos Data Marketplace provides a way to connect artificial intelligence companies and data providers. It is also a consensus-based, one-stop platform to implement the registration, distribution and transformation of data among different participants within the broad-based artificial intelligence ecosystem.

Bottos is out to build the world’s most efficient data sharing network to enhance AI innovation and competitiveness. It utilizes BTO tokens and smart contracts for its blockchain-based transactions.

Here’s how BTO fits the criteria mentioned above:

  1. No doubt they will be around in a year. Bottos is evolving and growing every day.
  2. ICO price of $0.08 versus current price $0.145 (it has run up to nearly $0.40 on 2 separate occasions)
  3. The team is pretty strong; their main office is in Beijing, and they have a second office in Silicon Valley. CEO and Founder Xin Song works tirelessly on bettering the project. This bi-weekly report is a good example.
  4. AI data on the blockchain is definitely a unique use case, and Xin Song has spoken at conferences online about how Bottos will be an incubator for new DApps to build on.
  5. They are not on Binance yet; however, there is this picture fron a few months ago of Xin Song and one of the Binance heads.
  6. The BTO token is the only form of payment on the platform. If Bottos is to be successful, the token will have tremendous volume; passive income searchers will love BTO, because there are four different levels of staking. A couple weeks ago they released the details of the master node structure, which you can learn all about  here.

Additional Info:

  • Bottos is almost exclusively on Bibox, an up and coming exchange with many similarities to inance.
  • They just recently rebranded the entire business plan. They used to only be an AI data market, now they are working on becoming the Ethereum for AI.
  • They plan to allow new DApps to use the bottos blockchain/smart contract  to host their ICO.

BlockV (VEE)

BlockV is an open source shared protocol that enhances the underlying distributed ledger and is made available to individual apps. The Blockv developer platform provides a toolkit to easily and quickly create smart digital goods, removing the complexity of today’s blockchain development and enabling the rapid development and monetization of blockchain apps, or what they call “vatoms”, an entirely new asset class which meaningfully interacts with the end user.

vAtoms give you all the advantages of cryptocurrency such as authenticity, scarcity, ownership and tradability, but also bring the digital experience.

Here’s a demo showcasing just a piece of this bleeding-edge technology.

For the first time, anyone can own virtual objects that are unique, verifiable and tradable, and that can exist across different environments (AR, VR, mobile phones, TVs, tablets, etc.).

The Blockv Platform lets users:

  • Create scarce digital objects with real value.
  • Publish the objects on th blockchain of their choice.
  • Freely transact interactive virtual goods (market and exchange).
  • Sell, redeem and exchange digital objects for other digital objects or goods.
  • Build a marketing channel to interact, engage, and connect with customers.
  • Lower the cost and time to market important campaigns.

“You can collect virtual goods through an AR platform or mobile or scan, etc.. and you can input and integrate the objects to the VR environment. For example, we have built a demo of such scenario in a VR game. Once a user collects a digital good (for instance, a branded energy drink) in an A/R environment, they can use that for their character to load on energy in the VR game. This opens up the opportunity for brands to create virtual goods of real value that can be collected in the real world and used in VR experiences.”   – BlockV website.

Below is a look at how BlockV meets our ctieria:

  1. The project will almost definitely be around in 2 years. It’s an all new asset with unlimited innovative potential. Backed by some serious players in the space like INBlockchain.
  2. It looks like they raised about $22 million in the ICO; it currently has a market cap of $48 million.
  3. The Vee team is very strong. It was founded by Reeve Collins, co-founder of USDT tether token.
  4. Vatoms are a new asset class, an “experiential currency” that meaningfully interact with the end user. vAtoms will have numerous use cases, for example;
    Collectibles – like digital sports cards, rare digital art and media with transparent incentives.
    Tickets – Tickets to concerts that become immersive experiences where brands can dynamically invite participants to special sponsored events, artists can engage with fans giving them backstage access and rewarding with exclusive tracks from the very event they attended.
    Gaming – In-game virtual goods that transcend the multitude of virtual worlds and the real-world with the help of AR/VR
    Loyalty Programs – Next generation brand loyalty programs provide true value-based distribution vehicles with 100% transparent data & analytics that transform the business models.
    Others – Medical records, gift cards and many more forms.
  5. VEE token is not on Binance yet but is tradable on OKEx, Bittrex and Upbit.
  6. VEEs are smart contract tokens built to the ERC20 token standard. They are an integral part of the BLOCKv open-source development environment. BLOCKv and each of its composite parts require VEE to fuse the BLOCKv ecosystem together and provide a mechanism for rewards and collaboration. Any operation on the BLOCKv platform is powered by VEEDevelopers are incentivized with VEE to experiment with revolutionary technology. Creators are rewarded in VEE whenever anyone uses their innovation.

*BLOCKv joined forces with Workcoin, SpringRole and White Rabbit in the formation of Block Producer App Coalition (BPAC) — a candidate to become an EOS Block Producer. If BPAC does become one of the main 21 BPs for EOS, this will do wonders for the value of VEE.

WAX

“WAX is the onramp for mass market cryptocurrency adoption.”
– William Quigley, OPSkins CEO

WAX is a worldwide digital asset platform, blockchain and community. The WAX token supports a decentralized platform, enabling anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure or payment processing. WAX is designed to serve the 400+ million online players who already collect and trade video game assets and crypto collectibles.

WAX is one of those projects with unlimited upside. The platform/ecosystem it is building will allow entrepreneurs to develop blockchain based digital asset companies that could one day become mainstream. Imagine Steven Spielberg’s latest movie, Ready Player One.

We at Hacked have recommended WAX a couple times already; it’s not exactly “under the radar” but people are definitely sleeping on it. What many of them don’t know is that the WAX team recently chose EOS to be the operating system infrastructure they use to build their platform. They will not be using EOS Blockchain, but will instead build their own blockchain based on EOS pen source software. This means they will have the same feeless features as EOS, and be able to do thousands of transactions per second.

Below is WAX President Malcolm CasSelle giving a presentation a few days ago in South Korea.

This is how WAX meets our criteria:

  1. Out of the tree projects listed, WAX has the best chance at long-term success.
  2. ICO price: around $0.25. Current Price: $0.14.
  3. The ream has already proven itself by creating OPSkins, the leader in video game asset trading.
  4. WAX is a digital Asset marketplace where new DApps can set up shop, and run their game or business cheaper than anywhere else on the internet.
  5. Not on Binance yet. It is hard to imagine WAX not being once the platform and mainnet are running and millions of people are demanding to buy/sell WAX.
  6. WAX token will be able to cross chains. The blockchain is based on EOS’ code, and will be a delegated proof of stake system. There will be 100+ guilds producing blocks and receiving WAX in exchange. There will eventually be two versions of the WAX token: the ERC20 version that exists today, and the protocol token that will work with the WAX custom blockchain. The new WAX protocol token will be airdropped to WAX holders at 1:1 ratio.

The idea is to create a platform and an ecosystem allowing the exchange of many different virtual goods. Any game that enables in-game item trading will be able to integrate and use WAX and the marketplace backbone.

Additional reasons to be bullish:

  • Partnered with Bancor, Nexo, Kyber, SALT, Jaxx, and Robot Cache (doing an airdrop on WAX holders), which will be the first of many airdrops.
  • Billionaire Mike Novogratz is an early investor and proponent.

Disclaimer: The author holds over 50 different cryptos. WAX is one of his largest bags. He owns a little BOTTOS, and zero VEE.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
3 votes, average: 5.00 out of 53 votes, average: 5.00 out of 53 votes, average: 5.00 out of 53 votes, average: 5.00 out of 53 votes, average: 5.00 out of 5 (3 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.2 stars on average, based on 27 rated postsJoshua Larson is also known as the "Bullshit Man" for his ability to spot it a mile away. Avid ICO researcher and contributor. Former professional poker player/backer. Spent 10 years analyzing hand history, stats, and player data. Discovered blockchain in late 2016, and never looked back. He now uses his analysis skills to investigate ICOs full time. What a perfect match, because in today's crazy world of ICOs, information, passion, and diligence = dollar bills!




Feedback or Requests?

1 Comment

1 Comment

  1. HB1981

    June 13, 2018 at 2:57 pm

    Hi Joshua thank you for the very interesting article! Im going to have a look at bottos.I was curious, I have bought some wax in the past but sold because I found out there was some debacle when the coin came out of ICO. It had something to do with the total coin supply I think. I’m sure you know what I mean. Do you think this will be of any influence? I got scared because of it. Thanks in advance all the best Hans

You must be logged in to post a comment Login

Leave a Reply

Altcoins

Bitcoin Cash Price Analysis: Bullish Pennant Pattern Confirmed

Published

on

  • Bitcoin Cash price remains very much elevated, as the bulls continue to run north.
  • BCH/USD price action has formed a bullish pennant pattern formation, subject to a breakout higher.

BCH/USD: Recent Price Behavior

The Bitcoin Cash price has been a notable out-performer over the past few sessions, with the BCH/USD pair rallying as much as 23% since 17th February. In doing so, it reached its highest levels in over six weeks. The aggressive move north came after a prolonged period of range-bound trading via the daily chart view.

Between 8th – 17th February, BCH/USD was moving within an extremely narrowing range-block formation. This represented a lack of commitment from both camps after being confined within a range low of $117 to a high around $125. On 18th February, the bulls managed to force a breach and daily closure above the confines of the mentioned range.

Coinbase Adds Bitcoin Cash Support to Wallet App

Coinbase, a U.S.-based cryptocurrency exchange and wallet service provider, announced it has added support of BCH to its Coinbase Wallet.

“The new Wallet update with Bitcoin Cash support will roll out to all users on iOS and Android over the next few weeks,” the company said in an official blog post.

The app will facilitate support for both CashAddr and legacy addresses. Private keys will be encrypted on the mobile device by the Coinbase mobile wallet. Last week Coinbase announced the following: “users can now back up an encrypted version of your Coinbase Wallet’s private keys to your personal cloud storage accounts, using either Google Drive or iCloud This new feature provides a safeguard for users, helping them avoid losing their funds if they lose their device or misplace their private keys.”

Technical Review – BCH/USD

BCH/USD 4-hour chart.

At the time of writing, the BCH/USD price is still holding at elevated levels, with gains in the session amounting to 2.5%. Over the last two sessions, between 19-20th February, the price action has somewhat moved within a range. The detailed price behavior has seen a bullish pennant pattern formation, which is subject to a further potential move north.

Near-term resistance is eyed at $145.50, where the upper acting trend line of the pennant is tracking. Should the bulls manage to break this down, then expect a fresh wave of selling pressure to kick in. To the upside, eyes will then be on supply observed up within the $160-$165 price range.

In terms of near-term support, the lower acting trend line of the pennant which is tracking at $140 is the next major target; a breach could then expose critical daily support at $137. Lastly, if neither safety nets protect the price from falling, then there runs the risk of a full reversal of the recent gains.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.6 stars on average, based on 125 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.




Feedback or Requests?

Continue Reading

Altcoins

Litecoin, EOS, Binance Coin, Maker: Altcoins Leading the Charge

Published

on

Crypto valuations experienced a slight pullback Wednesday, though a small contingency of altcoins continued to see impressive gains, a sign that the latest uptrend still had room to mobilize.

Crypto Market Update

Most of the top 20 cryptocurrencies reported losses overnight, raising the specter of a ‘bull trap’ following the latest recovery attempt. The downside risk has since moderated, with a small handful of altcoins reporting gains.

EOS (EOS) gained 4.4% to $3.80, extending an early-week rally that pushed prices to nearly three-month highs. The Enterprise Operating System is up more than 30% since Sunday.

The Litecoin (LTC) price crossed $51.00 for the first time since mid-November, gaining 4.8% in the process. The cryptocurrency has gained a whopping 80% over the past two weeks, which helped to engineer a market-wide rally. Read more: Litecoin Sparks Huge Crypto Rally as Bitcoin Smashes Through $3,700.

Litecoin is benefitting from adoption progress after SpendApp announced it will begin supporting the cryptocurrency at more than 40 million locations. Combined with the anticipated ‘halving’ event in August, Litecoin continues to attract strong bids.

Meanwhile, the meteoric rise of Binance Coin (BNB) continued on Wednesday. The price surged 11% to $10.94, the highest since last August. Binance Coin is benefiting from positive publicity tied to its underlying exchange, including the launch of a new token sale platform.

Maker (MKR), which is comprised of a stablecoin, collateral loans and a decentralized governance framework, rounded out the big gainers on Wednesday. MKR jumped 10.4% to $652.10, placing it in 16th in terms of market cap.

Want an introduction to MKR? Read: What’s Driving Maker (MKR)? High-Priced Coin Outshines Peers.

The combined cryptocurrency market cap is currently valued at $134.8 billion, up from an earlier low of $132.3 billion.

Does the Rally Have Legs?

While appearing sudden, the crypto rally that began on Sunday was actually weeks and perhaps even months in the making. As Hacked predicted before the rally, the sharp rise in coin circulation and overall trading volume, combined with the relative decline in volatility, pointed to higher prices in the near term.

On Tuesday, bitcoin’s 24-hour trading volume topped $10 billion for the first time in ten months. Market-wide volumes spiked above $36 billion, levels not seen since last May. And that’s just what digital exchanges are reporting.

Anyone still doubting whether institutional traders are accessing crypto should pay close attention to private bilateral contracts. This private market has scaled up to between $125 million and $500 million per month in the last half year, according to Bloomberg. Recent activity shows that traders have zeroed in on the $4,200 price target, and some are betting large sums that bitcoin can top this level by the spring.

Bitcoin is currently trading just above $4,000 on Bitfinex. While its share of the overall market has declined over the past 48 hours, it is by far the biggest bellwether for cryptocurrencies. Where bitcoin goes, the market follows.

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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
2 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 5 (2 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.7 stars on average, based on 773 rated postsChief Editor to Hacked.com and Contributor to CCN.com, Sam Bourgi has spent the past nine years focused on economics, markets and cryptocurrencies. His work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE and Forbes. Avid crypto watchers and those with a libertarian persuasion can follow him on twitter at @hsbourgi




Feedback or Requests?

Continue Reading

Altcoins

Tron Price Analysis: TRX/USD Bulls Dealt a Blow as Bearish Daily Candlestick Eyed

Published

on

  • Tron (TRX) was forced to give up the recent run higher after closure in the red on Tuesday.
  • TRX/USD saw a bearish candlestick formation on the daily chart yesterday, somewhat of a shooting or evening star.

The Tron price after a decent push north over the past few sessions saw a minor slowdown on 19th February. TRX/USD gained around 12% from 15th-19th February, as the price managed to find its feet following a break of key support. An ascending trend line was initially running from the back-end of December 2018 up until a breach on 11th February.

At the daily close on 19th February, the candlestick formed somewhat of a bearish shooting or evening star. Should this play by the textbook, then it signals some further potential downside pressure to come. A confirmation of the price moving back south and possibly reversing the recent run of gains would need to see another bearish closure on the daily.

BitGo to Support Tron

Tron announced that BitGo is adding TRX to the list of cryptocurrencies that it supports later this year. BitGo is a digital asset financial services organization offering wallet and custody support. The company already accommodates the likes of bitcoin and Ethereum, plus over 100 other cryptocurrencies.

The CEO and founder of Tron Justin Sun commented following the announced:

“As TRON and its subsidiary BitTorrent work toward our vision of creating a new internet economy that is fast, secure, and cost-effective, we need to work with the companies that can provide that secure foundation. With BitGo, TRX investors will have the most secure wallet and custody options.”

Elsewhere the chief technology officer at BitGo spoke on the latest update to support Tron:

“As TRON and its subsidiary BitTorrent work toward our vision of creating a new internet economy that is fast, secure, and cost-effective, we need to work with the companies that can provide that secure foundation. With BitGo, TRX investors will have the most secure wallet and custody options.”

Technical Review – TRX/USD

As detailed above, the daily candlestick observed yesterday was a bearish closure, ending the run of gains seen of late. If there is to be additional selling pressure, the bears would need to force another close in the red. Should the momentum to the downside pick up the pace, then eyes will be on the next area of support. Daily comfort is provided at $0.023550 $0.021500, $0.018700 and then $0.01750-$0.01600.

In terms of upside targets, the bulls would be looking to break back above the breached ascending trend line. The resistance is currently tracking around $0.027500, and a push north of this could put TRX/USD in an excellent running to retest $0.030000 territory. A large amount of supply is noted through much of this area. If this is successfully broken down, then a fast move could take place up to $0.040000 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.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.6 stars on average, based on 125 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.




Feedback or Requests?

Continue Reading

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending