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Three Sleeper Cryptos With Massive Long-Term Potential

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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.

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4.3 stars on average, based on 22 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!




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  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

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Crypto Real Estate: The Time Is Now

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If you’re a Russian oligarch, an Asian billionaire or just a simple kid from South Jersey with giant aspirations, it is time for action in the newly emerging world of crypto real estate.  Here is why.

For the average home buyer the price of a home has increased about 1.72% annually over the past 10 years.  That is just slightly more than the 1.49% rate for the U.S. economy. Things have changed somewhat in recent time and we read Case Shiller numbers placing the rate between 5%-7%.

For investors in bitcoin, the action is taking place elsewhere in the real estate world.  It is in the world of the super high-end real estate where BTC and other cryptos can play a role.

If your soul contains an ounce of cynicism, at this point,  you are probably saying what is new about the connection between crypto and real estate?  The answer is arbitrage. Never have high-end property prices been so high and crypto prices so low.  It would be a classic arbitrage to sell high-end real estate and buy bitcoin.

Natural Buyers For Bitcoin

There are plenty of statistics on housing and loads of public records revealing who owns a given piece of property.  The US government claims that 9.6 million Americans own second homes and perhaps 16% own investment property.

But when it comes to the true high-end market, global real estate is definitely in the billions. For example, take penthouse in 432 Park Ave in New York that, when new, sold for over $100 million in cash and you get the idea.  This is a market where anonymity is prized and protected. This has long represented the “no brainer” for bitcoin to gain acceptance. And best of all, it is perfectly legal medium of exchange.

Enter Propy (PRO)

Here is a company that appears to be positioned to take advantage of transactions in the global ultra high-end real estate market. Before getting started, one thing needs to be disclosed.  I neither own or am being compensated for writing about Propy. I stumbled across the name purely by accident.

Propy.com fancies itself as being dedicated to solving the complexities of purchasing property across borders.  They claim to be the world’s first international marketplace. The PRO token is built on the Ethereum ERC20 standard. Propy raised $15.4 million with their ICO last September which places a value on the company of roundly $100 million.

So PRO may not rank with the likes of Telegram but they are not exactly chopped liver either. With the spread between the price of ultra high-end real estate and bitcoin never having been greater and the perpetual need for anonymity, the team at PRO may find itself in a sweet spot no matter if the like it or not.

The First Crypto Test In Rome On June 28

CCN.com reports that PRO has managed to team up with the Hilton family-owned real estate broker Hilton & Hyland in an auction of a Roman villa named the Palazetto Mansion aiming to snatch $38 million in dollars or crypto from the buyer.  This is not first effort of its kind but it is by far the largest.

Arbitrage In The Air

Events in Rome on June 28 will be most interesting as much for bitcoin as for PRO.  This is not to say that bitcoin is the only crypto in the world, just the largest and best known. Nevertheless, the total value of bitcoin is now just a little over $114 billion so every billion of future real estate transactions will make a difference at these levels.

Perhaps this is all wishful thinking on the part of someone who owns neither PRO nor BTC but several things are obvious.  First, those folks that put their hidden billions in real estate using corporate identities are not casual investors but savvy players with lots of high priced advisors.  Arbitrage spreads between ultra high end real estate and crypto present a pretty irresistible attraction. Just something to consider when investor psychology toward crypto in general stinks.  

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 82 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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Treading the Floods: Cryptocurrency Prices Stable Following Bithumb Attack 

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Cryptocurrencies emerged unscathed Wednesday following yet another security breach of a South Korean exchange, as the market continued to favor a corrective rally for bitcoin and the major altcoins.

Crypto Prices Hold Steady

Bitcoin fell by as much as $200 Wednesday on news of a cyber attack targeting South Korea’s Bithumb exchange. However, the coin quickly recovered and now sits just shy of $6,800, according to data provider CoinMarketCap. Prices peaked at $6,821.56 at 12:34 UTC.

Compared with 24 hours ago, bitcoin’s per-coin value was virtually unchanged.

The ten biggest altcoins by market cap exhibited the same pattern, with prices treading water compared with Tuesday afternoon. The total cryptocurrency market was valued above $290 billion, up from an earlier low of around $282 billion.

Bitcoin and the major altcoins have more or less retained their bullish bias, which suggests that a continuation of the upward trend is likely. Since bottoming last week, coins have rebounded $26 billion.

Bithumb Attack: What We Know

Hackers made off with roughly $31 million in stolen cryptocurrency on Wednesday as Bithumb suffered its third cyber breach in 12 months. The attackers reportedly targeted users’ holdings of XRP, the third-largest cryptocurrency by market cap, by running a series of unauthorized access attempts.

Bithumb was unable to prevent the attack despite spending upwards of 10 billion won ($9 million) on security enhancements. This includes complying with new guidelines for financial institutions requiring 5% of company staff be made up of IT specialists. Bithumb has reportedly exceeded that quota by a wide margin.

The Seoul-based exchange confirmed that it had migrated outstanding crypto balances to cold storage and said it will fully refund affected users. Transactions on the exchange remain suspended for now.

Although news of the attack hit the airwaves on Wednesday, some analysts believe the theft occurred several days earlier as part of Bithumb’s data upgrade. However, the exact cause of the breach remains unclear.

Goldman Sachs Weighs Crypto Trading as an Option

U.S. multinational investment bank Goldman Sachs is considering taking a bigger dive into cryptocurrency by launching a full-scale trading operation, according to COO David Solomon.

“We are clearing some futures around bitcoin, talking about doing some other activities there, but it’s going very cautiously,” Solomon said during an interview in China, as reported by CCN. “We’re listening to our clients and trying to help our clients as they’re exploring those things too.”

Currently, the Wall Street investment giant is clearing bitcoin futures contracts. It has also announced plans to introduce a new bitcoin trading operation, which includes using its own money to trade with clients in a variety of contracts linked to bitcoin.

Institutional traders are awaiting the arrival of custodial services dedicated to cryptocurrency before taking the full plunge into digital assets. To that effect, the San Francisco-based  Coinbase exchange is leading the charge by announcing a new line of crypto custodial services to unlock up to $10 billion in institutional capital.

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 461 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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Cryptocurrency Prices Have Recovered $26 Billion from Last Week’s Bear-Market Low

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Cryptocurrency prices were seeing green on Tuesday, as investors continued to rally behind news of a popular bitcoin trading app being granted regulatory approval to operate in New York. The push for regulated crypto custodial services has also not gone unnoticed, with the likes of Coinbase looking to overcome one of the final barriers to institutional adoption.

Crypto Prices Hit One-Week High

Digital currencies on Tuesday overcame tepid trading conditions and lower trade volumes to reach their highest level in seven days. The total market peaked at $294.2 billion at 17:00 UTC but has since consolidated at $290.5 billion, according to CoinMarketCap. As a reminder, the market bottomed near $264 billion last week, the lowest since early April.

Crypto prices have been surprisingly stable since last week’s brisk selloff. As Hacked reported earlier, bitcoin volatility is at its lowest level in a year even while factoring the latest price collapse.

Almost all of the top-ten coins had reported gains over the past 24 hours. Tron’s 8.3% gain was the biggest, with TRX trading at $0.048.

Ethereum rose 3.4% over the past 24 hours to trade at $536.86. Bitcoin cash reported slight gains, climbing 1.6% to $900.54.

Bitcoin was virtually unchanged compared with the same time Monday. The world’s largest cryptocurrency by market cap is up 2.5% over the past seven days.

Although trading volumes were a paltry $13.2 billion, turnover is up 39% from Sunday’s lows.

Prices received their initial boost Monday afternoon on news that Square, Inc.’s Cash app was granted a BitLicense to operate in New York. The app, which has a bitcoin trading platform, has more than seven million active users. The company, which is led by Twitter’s Jack Dorsey, saw its share price and market cap rise significantly on the news.

Custodianship: The Final Frontier?

San Francisco-based Coinbase has joined forces with hedge funds and third-party custodians to unlock up to $10 billion in institutional capital. According to some industry insiders, custodianship is the last of the major barriers to widespread cryptocurrency adoption among hedge funds, banks and day traders.

As Goldman Sachs, Nomura Holdings and others have demonstrated, there is strong appetite for cryptocurrencies at the institutional level. But without a stable and robust custodian service, staking large positions on a highly volatile market is not considered feasible. This is especially the case for funds that are involved with handling university endowments and pension programs.

According to Ari Paul, co-founder of the Blocktower crypto-focused hedge fund, institutional money has been trickling into the digital currency market since mid-2017. And while adoption has been slower than expected, “that doesn’t mean it’s not coming,” Paul tweeted May 31. “There are a lot of pieces that need to come together, one big piece being third party custody,” he said.

Kyle Samani, a cryptocurrency hedge fund manager, recently told Bloomberg that custodianship is viewed as “the final barrier” to market entry. “Over the next year, the market will come to recognize that custodianship is a solved problem. This will unlock a big wave of capital,” he said.

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 461 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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