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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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Monero Price Analysis: Wider Adoption Seen as Bity Adds XMR Support to Their ATM Network

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  • Swiss-based cryptocurrency organization, Bity, has added their support for XMR for use at ATM terminals.
  • XMR/USD trading up on Friday, with gains of over 3% at the time of writing. Despite this, weekly chart view still points to the downside.

XMR/USD is trading in positive territory on Friday, having gained over 3% during the session. This leaves some optimism heading into the weekend, which is normally characterized by lower trading volumes. Trading over the past eight sessions now has been very much choppy, signaling a lack of direction in the underlying market. Any short-term bull runs observed have quickly been sold by the bears, consistently.  The price is trading around the lowest levels since August 2017 and is down over 90% from the start of 2018. Despite the minor relief upside Friday, there still appears to be room for downside in the short term. Once again, price action is largely dictated by technical factors as opposed to fundamental.

Wider XMR Adoption Following Bity Support

Bitly, a Swiss-based cryptocurrency organization, has announced their support for Monero (XMR). They are a cryptocurrency exchange, in addition to operating a network of cryptocurrency ATMs. Their users can instantly and securely transact bitcoin in addition to buying ETH and now XMR with Swiss Francs and Euro. This can be done at physical terminals in Switzerland. Bitly has additional kiosks in Zurich, Zug, Winterthur, Basel, and Lausanne. They note that more locations and additional token support are coming soon.

Technical Review – XMR/USD

XMR/USD 4-hour chart

Price action over the past seven sessions now has been forming a range-block, moving within consolidation mode. This has come after some stabilization, following the chunky sell-off from November through to early December. The current price behavior can also be perceived when looking technically, as a potential bearish flag pattern formation. If playing out to the textbook, another extended move to the downside will be seen.

Downside Targets

XMR/USD weekly chart

The near-term bottom can be eyed at $41.00, which is the floor of the most recent range. A failure of this holding will likely see another wave of selling pressure. Looking further to the downside, the next eyed support is seen at $38.45, which was a key weekly level in July 2017. Lastly, any breach here would invite a drop below the $30.00 mark toward the weekly support at $29.00. This would be the lowest level hit since July 2017, when XMR/USD was in the early stages of the big bull run.

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 86 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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IOTA Price Analysis: Audi and IOTA Partnership Moving Strong; Price Behaviour Not Reflecting That

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  • IOTA and Audi partnership is said to be progressing forward, according to Audi representative.
  • Price action for IOTA remains tilted to the downside, and a bearish technical set up eyed.

IOTA (MIOTA) price remains very much depressed, in line with current stubborn market conditions. It continues to trade around the lowest levels seen since July 2017, with a lack of slowdown signs for now. Since the start of the year, the price is down a chunky 95%. The bears have the opportunity to run this further south, as there isn’t much in the way of support seen. This is all despite the strong growth fundamental prospects for IOTA.

Audi and IOTA Partnership Moving Strong

Earlier this year, IOTA announced a partnership with Audi Think Tank as the foundation was moving with the development of a permission-less mobility ecosystem. IOTA believes this structure of working is a strong route to understand how automakers are approaching innovation and development. The foundation previously noted that they see it as a great opportunity to incorporate into a new mobility solution, backed by strong suite of skills that Audi associates possess.

An update hit the wires this week, suggesting the Audi and IOTA partnership is progressing forward. The venture development manager at Audi Denkwerkstatt Berlin, Malte Schönfeld, provided some commentary via his LinkedIn account:

“What an awesome experience! The last five months we had a great time at the Audi Denkwerkstatt Berlin. Working in cross functional teams with IOTA on a new project. With the focus on enabling trust for the user in emobility, we pushed a new use case to reality. Stay tuned for further Information.” Matt Schönfeld also sent many thanks to all that are involved with the project, including IOTA founder Dominik Schiener and Alisa Maas, Head of Mobility and Automotive at the IOTA Foundation among others for “putting so much energy & passion into this project.”

Technical Review – IOT/USD

IOTA/USD 4-hour chart

Keeping in mind the decline discussed at the start of this piece, the most recent price behavior remains worrying. As seen via the 4-hour chart view, IOT/USD is moving within a range-block formation. The price is very much within consolidation mode. As a result, it remains at risk of another extended move to the south. It can also be perceived as a potential bearish pennant formation, which technically is subject to a breakout tot the downside.

Downside Targets

IOT/USD weekly chart

Looking at downside levels of potential support, the next area to note would likely be $0.1750. This is a weekly support seen since July 2017, week of 17th. Should this fail to provide any comfort, the next level is eyed at $0.1425, the weekly support for week of 10th July 2017. These moves would be similar to other cryptocurrencies in terms of finding that bottom area. For now, all remains tilted in favor of the market bears.

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 86 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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Binance Coin Price Analysis: BNB Still in Trouble Despite Recent Strong Fundamental Prospects

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  • BNB/USDT moving within an ascending channel formation, subject to a breakout to the downside.
  • There is much anticipation ahead of Binance’s DEX launch, expected in early 2019.

Binance Coin (BNB) has made a decent recovery since being slammed in November and into the early part of December. The price had initially dropped a whopping 58%, before then being able to stabilize most recently on 7th December. Since, BNB has jumped as much as 20% to the upside, moving within an ascending channel formation. However, despite the gains of late, a similar bounce was initially seen on 25th November to 5th December, before another dump. BNB/USDT had tanked a chunky 35%, after this brief period of stabilization.

Strong Fundamental News Flow

The world’s largest exchange by traded volume will some be launching their own decentralized exchange (DEX), expected for early 2019. There is much excitement and buzz across the social media space for this to go live. The development team have already noted that their BNB will be moving from its ERC-20 token status, which is currently on the Ethereum blockchain. As a result, this will be transferred to their own proprietary blockchain, which is set to be called Binance Chain.

In terms of a decentralized exchange, this technology can facilitate a new type of pair matching, allowing users to be able to place orders in addition to trading cryptocurrencies. This can be done without the need of an intermediary institution, managing the ledger or even controlling the user’s funds.

Elsewhere, Binance recently announced that they will be adding a new feature for the benefit and to attract more institutional investors. They will have the facility to create sub-accounts on the Binance exchange. Finally, the company have also exercised further use of their token, BNB, as these can now be used via Tripio to secure bookings.

Technical Review – BNB

BNB/USDT 4-hour chart

Price action over the past six sessions now is moving within an ascending channel formation. This comes after the decent bounce from the low on 7th December, having dropped to a low of $4.1200. At the time BNB/USDT was very much oversold, dropping to 26 via the RSI on the 4-hour time frame. Technically, such moves are subject to a potential breakout to the downside.

Support Levels

BNB/USDT weekly chart

Near-term support should be noted at $4.8000, which is the lower part of the observed ascending channel. Further south, eyes would be on the 7th December low at $4.1200. BNB/USDT is already trading around the lower levels seen since December 2017. Lastly, should the above-mentioned be breached, then a fall to $3.2500 could be on the cards. This is a weekly support seen for 17th December 2017 week commencing.

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 86 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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