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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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4.2 stars on average, based on 26 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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Is BTC Still the Real Bitcoin? Not According to Roger Ver

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Anyone familiar with Roger Ver may have already heard him proclaim the benefits of Bitcoin Cash (BCH), while deriding the development path taken by Bitcoin (BTC).

That development path has been largely guided by the overseeing hand of Blockstream – a privately funded company which has itself provided much of the funding for Bitcoin’s development.

A Departure from the BTC Vision

While Roger Ver’s constant assault on Blockstream and BTC on Twitter may prove irksome to some – it does appear to be founded on genuine reasons. Ver believes that features like the Lightning Network and Liquid Network detract from the original ideals set forth by Satoshi Nakamoto in the original Bitcoin whitepaper.

Furthermore, Ver and many others maintain that Blockstream purposely derailed the development of Bitcoin, purely so that they could then step in and get rich selling a product that was never needed in the first place.

As Ver recently told his Twitter followers:

“Supporters of lightning network intentionally crippled the world’s best working and most popular cryptocurrency (Bitcoin) in an attempt to push people onto something that doesn’t work, isn’t ready yet, and may never be able to work!”

The crippling of Bitcoin Ver refers to is the refusal by Blockstream to increase block sizes in order to increase scalability. What many believe should have been a straightforward issue – and one that was even touted by Satoshi Nakamoto himself – eventually became a farce.

Rather than increase block sizes on the Bitcoin blockchain to hold more transactions, Blockstream instead decided to create and sell their own products, such as sidechains and the Liquid Network, in order to solve the (self-sustained) scalability problem.

Earlier this week, Ver tweeted:

“BTC is the only coin in existence with intentionally limited on-chain capacity.”

Conflict of Interest?

As for Blockstream, they have made no secret of their intentions to make money from their Bitcoin activities. The company plans to provide sidechain services for investors using the newly created Liquid Network – a system which sees Bitcoin swapped out for a pegged sidechain token.

Some people may see a conflict of interest here. But even if we put conspiracies and speculation aside, this tweet by Blockstream CEO Adam Back suggests they aren’t too interested in maintaining the Bitcoin mainchain:

“I bet they’d pay $100/tx for digital gold, and mid-sized international remittance, I would. Still be really good if fees were much lower.”

The tweet refers to speculation on what the future price of a Bitcoin transaction would be, and seems to confirm that Blockstream see Bitcoin as a remittance tool for large-scale investors, rather than cheap, efficient P2P digital cash.

When Bitcoin started it was supposed to be a decentralized, permission-less, trust-less, immutable and therefore uncensorable alternative to the existing financial hierarchies and centralized infrastructures.

Even if you like the idea of Lightning Network hubs, block producers, and state channels, one thing you can’t say about them is that they’re decentralized, permission-less or trust-less.

Bitcoin Cash (BCH) was forked from Bitcoin in 2017 after many in the BTC community became dissatisfied with the blockchain’s direction. Bitcoin Cash essentially acts as the pre-Blockstream version of Bitcoin.

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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Basic Attention Token (BAT) Quietly Racks Up 42% Gains on Coinbase Anticipation

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Basic Attention Token (BAT) has been quietly recording day on day growth for the last four days as anticipation builds regarding a Coinbase listing.

The value of BAT has increased by 42% in that time, as public opinion leans toward the theory that BAT’s ERC-20 foundation makes it a prime candidate to be the next token listed on Coinbase.

This follows on from the recent listing of Ox (ZRX), which resulted in the token gaining 44% on its value in just over twenty-four hours. Attention has now turned to BAT, and trade volumes hit a three month high this week, all without any real confirmation from Coinbase.

BAT/USD

As of Friday afternoon BAT had grown by 15% in the preceding twenty-four hour period, arriving at a peak price of $0.242660. The last four days were marked by day on day growth, and by Friday afternoon’s peak BAT had risen 42% in value.

Furthermore, the monthly gains for BAT stand at 65%, showing a clear rise in momentum within the last week. The current valuation returns the altcoin to its valuation prior to the September crash. For Bitcoin and Ethereum to say the same, they’d have to reach valuations of $7,400 and $295 respectively.

The majority of trades came on Binance on Friday – 50% of the $14 million total. The BAT/BTC trade was the main mover, and racked up eight hours of green candles between 04:00 and 14:00 UTC.

Coinbase Effect

The whole Coinbase saga began for BAT over three months ago, when the exchange released an announcement stating they were considering the listings of five particular cryptocurrencies. Stellar (XLM), Cardano (ADA), Ox (ZRX), Zcash (ZEC) and Basic Attention Token (BAT) were the cryptos named, and all recorded double digit growth on the day of the announcement.

Even after Coinbase released another statement reminding people that the coins were merely ‘under consideration’, their values continued to surge.

Now, given the ERC-20 structure of BAT, it appears likely that the token will be the next one added to Coinbase. The underlying structure of a coin or token is one of the things an exchange must consider when adding a cryptocurrency. The recent additions of Ethereum Classic (ETC) and Ox (ZRX) suggest that the exchange now has a handle on Ethereum-based tokens.

New Brave Browser

Today also marked the release of the updated Brave Browser – the privacy focused web browser which pays users in BAT for time and attention. The new browser is being hailed as 22% faster than the previous version. According to the Brave twitter feed:

“Our new desktop browser has a 22% faster load time on average than our exiting Brave Muon version. That’s as much as 8-second faster page loads on certain sites.”

The Brave Browser hit four million downloads in September, making it one of the most utilized crypto-based applications to date.

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
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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Zcash Price Analysis: What is Behind the Recent Surge in Price?

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  • Zcash had jumped over 17% over the period of 12-18th October, before running into sellers.
  • The foundation set to launch the Sapling protocol upgrade. To improve efficiency for shielded transactions.

Zcash over a 6-day period from 12-18th October gained a whopping 17%. Moving quickly from as low as $108, to then be above $126. Since, the price has run into some sellers and touted profit-takinggiven the large run in such as short time frame.

What Is This ‘Zcash’ (ZEC)?

Zcash was a hard fork of Bitcoin in 2016. Unlike the number one ranked crypto by market cap, privacy is ensured via Zcash. Personal and transaction data are kept confidential. This being facilitated through zero-knowledge proofs, allowing conducted transactions to go through verification without any required details about the sender, receiver as well as the transacted amount.

Zcash Set to Launch Sapling Protocol Upgrade

The Zcash foundation recently updated via their blog ‘Sapling Transaction Anatomy’. Full breakdown details can be read there as they are set to launch the Sapling protocol upgrade.

Sapling, this will be a network upgrade that aims to substantially improve efficiency for shielded transactions – paving the way for broad mobile, exchange as well as vendor adoption of Zcash shielded addresses. Their motivations for the Sapling upgrade are to increase speed on these shielded transactions.

Coinbase Speculation Continues to Do Rounds

The community around Zcash continues to speculate on whether the privacy-focused crypto will be added to Coinbase. Earlier in the year, Coinbase said they were exploring the possibility of listing Zcash and others, such as Cardano, Basic Attention Token, Stellar Lumens and 0x on its platforms. This covered back in July and does not guarantee it will be added, but the hope still appears to be flowing through the community.

Zcash Jumps to 20th Largest by Market Cap

Earlier this week, Zcash managed to break into the top 20 cryptocurrencies by market cap. It overtook Dogecoin. The current market cap at time of writing seen at $588,429,693, ahead of DOGE at $513,884,230.

Technical Review – Daily Chart

ZEC/USD daily chart

ZEC/USD has been cooling over the past two sessions, after its recent 17% price run. It isn’t too much of a surprise to see the current easing, given the fast surge higher. Near-term support can be found around $115 area, then further south within a demand zone tracking from $110-105. Looking to the upside, sellers are camped heading into the $130 territory. A higher near-term target would be eyed at $145, price last traded here on 28th September.

This year Zcash is still down some 80% from the highs in January, up over the $800 price level. It has failed to sustain any upside momentum, rallies continue to be sold by the bears. This is something that has been seen across the other cryptocurrecies, not just Zcash. The market continues to search for a bottom.

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 33 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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