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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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4.1 stars on average, based on 23 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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Altcoins

Ethereum Price Rebounds from 14-Month Low; Long-Term Growth Still Intact, Says Co-Founder 

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Ethereum staged a large relief rally on Wednesday, as bargain hunters swept in to capitalize on extreme oversold conditions following a 35% weekly rout for the world’s second-largest cryptocurrency.

ETH/USD Update

The ether price surged 13.6% to $294, clawing back more than half the losses it incurred since Monday. Total trade volumes were $1.9 billion, according to CoinMarketCap.

At current values, Ethereum has a total capitalization of $29.8 billion.

Momentum has returned to the ether trade, with the monthly relative strength index (RSI) improving to 67. Ethereum’s RSI plunged to single digits twice over the past eight days.

The broader cryptocurrency market improved to $208.4 billion on Wednesday, which is a reversal of nearly $20 billion from the recent swing low.

Long-Term Growth Trajectory Still Intact: Lubin

Ethereum co-founder Joseph Lubin isn’t concerned about the latest downtrend in cryptocurrency prices. In fact, he believes the market is in better health today now that speculative investments have died off and bubble conditions have eroded.

“We’ve seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they’re happening but when you look back they look like pimples on a chart,” Lubin, who currently serves as CEO of ConsenSys Inc., said during an interview with Bloomberg. “With each of these bubbles we have a tremendous surge of activity and that’s what we’re seeing right now.”

Lubin believes Ethereum will play a pivotal role in the future alongside hundreds of other blockchain networks. This view is shared by other industry leaders, such as Ethereum co-founder Vitalik Buterin and Ted Rogers of Xapo, who believe the vast majority of tokens will go to zero.

Arthur Hayes Rips Ethereum

BitMEX CEO Arthur Hayes launched a scathing criticism of Ethereum in a recent post on Crypto Trader Digest, where he attributed the cryptocurrency’s growth to the highly speculative ICO boom.

In Hayes’ view, Ethereum will soon go “from a 3-digit to a 2-digit shitcoin.”

In the crypto community, a ‘shitcoin’ is a pejorative term that describes an altcoin that has become worthless.

As Hacked reported on Tuesday, a large-scale cash-out of ICOs appears to have sparked the recent leg of the crypto market downturn. At its lowest point on Tuesday, the cryptocurrency market cap was valued around $189 billion. That’s a $220 billion reversal from three months ago.

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 546 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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Altcoins

Why Investors Should Pay Attention to OmiseGO

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Decentralization is a word that receives a ton of lip service in the blockchain community, but some companies are actually doing an amazing job getting their actions to back their words. OmiseGO is one such company.

Omise was founded in 2013 as a payment services company, and OmiseGO is an extension platform that operates separately. It is important you not confuse the two.

As an ERC-20 token that operates a smart contract platform, OMG is a high-performing proof-of-stake protocol with a massive mission to bring decentralization to trading.

What Need is OmiseGO Fulfilling

Ripple was originally seen to be the top solution in the payment providers sector, but its lack of decentralization has shown that there are significant downsides to their operating model. OmiseGO aims to become a decentralized Ripple, but operating a high-powered decentralized exchange (DEX), and has already become the top name in on-chain and cross-chain transactions.

With decentralization and the ability to connect fragmented payment processors, OmiseGO would also be able to help the unbanked gain access to the banking system.

There is currently a massive gap in the legacy financial network, since payment networks (such as SWIFT) have unilateral control over the flow of financial services on their network. Paypal and Venmo have proven to have similar centralization risks, even if they bring some competition to the table.

Not only would OmiseGO decentralize payment processing and create a DEX, but they have released a software development kit (SDK) to enable the creation of new applications and wallets on their system.

Meet the OmiseGO Team

OmiseGO is run by a well-reputed team (headed by Jun Hasegawa) who in the past have been referred to as “Fintech Rockstars” by Forbes. Their advisory board is packed with big names like Vitalin Buterin, Gavin Wood, and Joseph Poon, to name a few.

By contributing $100,000 to the Ethereum foundations DEVGRANTS program, they have indicated a strong commitment to the future of Ethereum and their investment within the community.

Every token needs to have its utility, and OMG is paid to holders in exchange for validating transactions. These holders have the right to confirm blocks, and effectively work as income producing assets in the course of the operation of the network.

The incentives here lie in the value of the network. The more transactions that need to be validated, the more token holders will need to confirm transactions, and therefore the more money is likely to be distributed to OMG holders in exchange for their confirmations.

OmiseGO’s Recent Performance

OmiseGO is now trading at around $3.30 USD, which is down an incredible amount from its high above $24 USD in January. This has been typical of many assets in the industry, but could be a sign that OMG is oversold.

There has also been a lot of news about OMG recently. In July a partnership with Status was announced that would result with the integration of the services of the two companies. Status is an open source dapp (decentralized app) for phones and browsers, and was one of the first clients to be developed on the Ethereum blockchain. Their core project is to link mobile chat and social media by using Ethereum tokenization.

With the goal of ultimate decentralization, OmiseGO has its work cut out for it. Although founded in 2013, they are still in the early stages of their expansions. More good news came in early June, when OMG was listed on Unocoin, one of the top asian exchanges located in India.

OmiseGO’s dream of connecting all the disparate financial systems and rails gives it the potential to become the DEX of the future. The question is whether they can displace the already dominant Ripple by going in a different strategic direction and sticking to their core tenets of decentralization and trustless networks.

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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Bitcoin Price Defends $6,000 as Crypto Market Cap Returns Above $200 Billion

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Bitcoin rebounded sharply on Wednesday after a bear market breakdown dragged prices to within $100 of yearly lows. Although the technical indicators have improved, significant downside risks remain.

BTC/USD Update

Bitcoin’s price was up 4.6% on Bitfinex to trade at $6,483. The leading digital currency reached a session high of $6,483, having recovered more than 8% from Monday’s swing low. Bitcoin’s 24-hour trade volumes averaged $4.6 billion on Wednesday.

The $6,000 price point has emerged as an important support level for bitcoin. As Hacked previously reported, this level is not only psychologically significant, it represents more or less the break-even rate for miners.

The monthly technical chart shows improving conditions in the bitcoin price, though this should be taken with a grain of salt given the market’s extreme moves as of late.

At current levels, bitcoin has a total market capitalization of $109.8 billion, which represents 53.6% of the total cryptocurrency market.

Altcoins and tokens collectively rose by $8 billion on Wednesday to reach a total value of $94.4 billion, according to CoinMarketCap. The value of all digital assets was $204.6 billion.

The Market’s Next Move

Although predicting bitcoin’s next move is notoriously difficult, a successful defense of the $6,000 floor is an important step in facilitating the next rally. That the yearly low ($5,755) wasn’t breached during the latest downtrend suggests the bulls may be running out of steam.

That said, bitcoin’s dominance rate reveals structural weakness in the cryptocurrency market, not to mention damaged investor psychology. As Hacked reported Tuesday, cash-out from the ICO boom appears to be largely responsible for the latest reversal, a sign that investors were losing confidence in riskier assets. This is further corroborated by Ethereum’s dramatic selloff over the past seven days. The so-called developer’s cryptocurrency has been responsible for three-quarters of initial coin offerings.

According to BitMEX CEO Arthur Hayes, investors shouldn’t expect a large price recovery at this stage given the general lack of momentum, volume and stability in the market. Trading volumes – a key proxy for demand in the cryptocurrency market – averaged $13.4 billion on Wednesday, based on latest available data.

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 546 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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