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Best crypto to invest in 2020 for the next decade

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Top Crypto projects that could 100X

How to pick the best crypto to invest in 2020? 

In this article, we will share with you how we pick the projects with quality, mettle and long term potential.

Less than 1% of the current crypto projects may succeed. That means, from over 6000 projects in the market (at the time of writing and growing), under 100 projects may actually succeed. Of these 100 projects, there is no guarantee as to which of them will be around in the next decade.

Those that make it all the way into the next decade will thrive beautifully and can hand riches to a patient investor.  

As they say, “the market always moves money from the impatient to the patient ones.”  That is a cardinal rule of any market.  Those who buy winter merchandise in summer and patiently wait for the winter, make more money than those who try to time the market by buying and selling in winter.  

Top 5 Cryptocurrencies 2020

We believe that the selected 5 cryptos (and the wild card entries) have a handsome chance of not only surviving but thriving in the coming decade, and can help turn a small investment into handsome returns.  More on this at the end of this article. 

Needless to say, these cryptos are outside of Bitcoin and Ethereum, which at this point seem to be the most obvious foundation of the crypto space.  We always hold at least .1 BTC and 1 ETH in the honor of what they have done to the space.

Distilling some 6000+ projects to a manageable list is a herculean task, especially to pick the projects that have the chance to be here in the next decade. And longevity becomes an important part of that distilling process.

This longevity is crucial in crypto space, because:

  • Longevity in crypto should translate to stupendous gains.
  • Longevity also means these cryptos will go through a lot more BTC halving cycles than most, and if history were to repeat itself, this should translate to a natural asymmetric increase in value.
  • Longevity means an opportunity to get on the ground floor of a potentially lucrative investment.

For these reasons, focus on projects that will survive and thrive long enough to benefit from the massive adoption of the crypto space.

Helping you ‘catch the fish’

As they say, you can feed a man a fish or teach him how to fish and you help him for life.  

In that spirit, here are the important aspects we look for in a project so that you can apply these aspects to your own favorite current or future projects.  

Most important aspects you should look for in a project

Ultimately, five main aspects drive the project’s success or failure:

  • Solves a problem
  • Team
  • Collaboration (aka Partnerships) plus penetration 
  • Addressable market size
  • Revenue model

Let’s explore what to look for in each of these aspects.

Solves a problem

Bitcoin, the first successful blockchain project, solved the issue of trust. Ethereum helped execute smart contracts on a blockchain platform, which later evolved into a platform for ICOs

For the market to accept any project, it has to solve a real problem that people care about. 

But there is an exception to this rule.  

If a project can solve some latent demand that does not yet exist in the market, then the project gains the first-mover advantage.

That is what happened with Ethereum.  

Ethereum created a platform to invest in ICOs, which created huge demand for ICO space. Ethereum then cashed in on the demand by providing a solution. By the time others realized and tried to address the ICO market, Ethereum had already dominated the space.

Platforms that provide novel solutions to an existing problem also do well.  

Key aspects to look at when thinking about the problem that a project solves:

  • Is this problem real or made up?
  • Is there a first-mover advantage?
  • Is it easy to understand and use the solution?
  • Is there going to be a latent demand for the offered solution?
  • Are there competitors who are better connected with strategic partners and alliances (connections sometimes matter more than the project itself, unfortunately)?

The bigger the problem and the more unique the solution, the greater are the chances of success. 

Top 5 Cryptocurrencies 2020

Team

Ideas are worth nothing unless executed.  

Execution depends 100% on the team working on the project. That is why the second biggest component in selecting a project is Team. Some might argue that the team itself is the biggest aspect, but think about Bitcoin. We still don’t know who created it, but the problem it solves and the way it executes is what made Bitcoin what it is today.

When looking at the team, you want to think about following aspects:

  • Experience: How experienced is the team? Do they have real-world experience? Being good at programming is a great skill, but you must have someone on the team who complements it with managerial abilities. In business, there is never one indicator of success—every skill counts.
  • History of execution or exits: With few exceptions, if the person pitching the project has no prior experience in either kick ass development or successful business ventures, then chances are they are just trying to swindle you out of your hard-earned dollars. One of the reasons we love Celsius is because Alex Mashinsky is a Wall Street veteran with multiple exits under his belt. He knows what he is talking about and has the right business acumen to carry out a business plan. He is also well connected and can create momentum in the market. Not every project will have people of Alex’s caliber, but you want to be mindful of the technical abilities, integrity, experience, principles, mission that drives them, etc. 
  • Reputation: This is the age of social media. Do any of the team members’ accounts reveal a questionable reputation? If a successful entrepreneur  has a history of failed startups, we take that as a positive sign, generally. That is because the person has tried much and gained different experiences. But if the name is associated with any scams or some type of conspiracy, you will want to tread cautiously. Binance would not have been what it has become if not for CZ. Take CZ out of Binance and that exchange will join the scores of wannabe exchanges out there. What sets it apart from other exchanges is CZ’s relentlessness to bring crypto to the masses.  
  • Followers & fans: Crypto is a relatively new finance space. This means projects need fans and followers who support them and their successes. There are many projects that aren’t worth much on their own merit, but they have thrived in the market purely due to their large fan base. You can find a lot of examples of single-use case projects that could be wiped out of business by the U.S. Government introducing a digital dollar, but still do very well in the market because of the undying love its followers/fans shower on them.  

Partnerships and penetration

It takes a village for a project to succeed. Even good projects could fail if they don’t establish solid partnerships and projects.

  • What kind of partnerships does the project have?

Is the project welcomed in its space? Does it have the backing of companies that could become its customers in the future? Partnerships are crucial in the crypto space for projects to lift each other as they explore the markets. Without proper partnerships and cooperation, projects can find themselves out of business quickly.

  • What kinds of exchanges is the project listed on? 

We have seen hundreds of projects with great potential, great teams, and amazing use cases but with no market. Without market, the project loses its liquidity, and without liquidity, it cannot meet its day-to-day operational needs. A project doesn’t have to be listed on Coinbase to be viable (although it helps), but it needs to have a decent market cap and activity to be relevant. We recommend looking at projects with at least $1 million in trading volume (the higher the better).

  • Brand name association

What associations does the project have? Not one of the 5 we have listed in the report but a great project in its own right, Hedera Hashgraph has recently added Google to its governing council. There are many projects in crypto space which are bridging the gap between traditional markets and the blockchain/crypto space. 

Addressable market size

Even when your solution, execution, team, and partnerships are amazing, if the total size of your addressable market (AMS) is limited, then it automatically limits your project. You want to have a company that addresses problems in a niche that is big enough to sustain the project.  When the niche has room, it gives a chance for multiple projects to thrive while a smaller addressable market will limit the project’s success. A minimum of a billion-dollar AMS is a great start, especially if there are not a lot of “good” solutions in space.  

Top 5 Cryptocurrencies 2020

Revenue model

Projects could be the best in solving a problem, but you need an amazing team to execute partnerships with brand names, and a market size that is beyond decent. Despite these factors, if there are no buyers for your service, the project will fail (unless you have 100 billion tokens worth something that you can freely withdraw each month like some projects do).

Having a sustainable current and/or future revenue model is key to a project’s long-term viability.  

Using these same criteria we have picked 5 projects from the entire crypto market that we think have a great potential to 100x in the coming decade.

5 cryptos 100x

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Thank you for reading and sharing this article. Stay safe and healthy!
 
IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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5 questions we want XRP army to answer!

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xrp investing news

What follows is our opinion.  

Let’s not be hostile.  

Top 5 Cryptocurrencies 2020

We are simply posing some questions based on the information we came across and our own limited interpretation. 

It is quite possible that the sources we are referring to are at fault or our interpretation is. Either way, just answer these questions for us so that we can learn new things about XRP that we did not know.

Our readers know that we have been anti-XRP for a long time. We got trolled, mocked and called ignorant. Well, to each their own.

Our questions to the entire XRP army are simple, here they are:

Question 1: If crypto was to replace (or at least reshape) the entire banking business then what does a token whose sole business model is based on ‘accommodating’ banks have any future?

To put differently, when the world starts conducting commerce via text messages why do we need banks and Ripple which wants to serve banks?

Our basis for this question: 

In the future when we will start doing business with each other over text messages, wallets and email signatures, why do we need a payment gateway from Ripple?

We know that WeChat payment enables users to transact over chat.  Other companies are trying to catch up with this (primarily why Facebook was looking at creating its own currency, Libra).

However, once we have a digital dollar, we do not even need an outside stablecoin since one could, in theory, use the digital dollar directly.                  

Question 2: Why do you have to pay businesses to use XRP if it is so superior?

Our basis for this question: 

Financial Times reported that Ripple paid Moneygram to use Ripple technology.

Here is a direct quote:

It turns out Ripple has been paying a significant amount of subsidies cash to MoneyGram’s business since buying into the company in June. In the third and fourth quarter alone the Ripple benefits amounted to $11.3m.

What’s more, until a consultation with the SEC**, MoneyGram had been more than happy to book these cash flows as revenues. Due to the SEC guidance, however, it has now had to restate fourth-quarter guidance to account for Ripple payments as “contra expenses”.

XRP Twitter

Question 3: What is Ripple’s revenue worth without the ‘selling’ XRP?

Our basis for this question: 

The question seems to be answered by the XRP’s CEO himself. Here is an excerpt:

Asked if XRP was keeping everything cash flow positive at Ripple Labs, Mr Garlinghouse answered: “Well XRP is one source. I don’t know how to answer that because if you took away our software revenues, that would make us less profitable. If you took away all our XRP, that makes us less profitable. So I don’t think about it as one thing.” 

He clarified later: “We would not be profitable or cash flow positive [without selling XRP], I think I’ve said that. We have now.”

In our opinion, we think that the only reason Ripple (XRP) is even operational is because of the billions upon billions of XRP tokens that they keep dumping on the unassuming investors.  

Is this a wrong assumption?

Question 4: If Ripple does not need XRP, why is XRP needed?

Our basis for this question: 

This is based on our understanding that Ripple’s technology can be used by the businesses without having to use XRP.  It is recommended but not ‘required’.

Is this accurate?

Ripple’s solutions can work without XRP (its native token).  So, if XRP is not a utility token in strict sense, how are its creators able to mint and sell them at will without tripping any security laws?

Question 5: If Ripple [XRP] is to act as the ‘stable’ value while the transactions take place on Ripple network, why should anyone trust XRP which is backed by nothing instead of stablecoins like USDC that are backed by real world assets?

Our basis for this question: 

We would personally trust USDC more or even Facebook’s Libra rather than XRP which is backed by nada.

This is what Demelza’s opinion was during our interview:

“The main point is that if XRP were able to back their currency with financial assets and stabilize the purchasing power of the currency, then that would mean XRP coins should have no price appreciation. In fact, only the equity shares of Ripple Labs would profit from XRP’s adoption as a global reserve currency. But Ripple Labs is a privately held company. After fully understanding what XRP is, one realizes that XRP’s investment pitch does not make sense at all.”

Conclusion

We are trying to convince ourselves as to why we need Ripple in the crypto space if:

  • Future of payments is going to be ‘self-bank’ & over the chat
  • There are better stablecoins in the market 
  • Ripple itself as a technology doesn’t need its own native token, XRP

For this very reason, our opinion is that the money will flow out of XRP and the creators will keep dumping their bags into the market until the market can no longer absorb it and then it will be ‘lights out’.

We await for the XRP army to provide us insights that we did not know and our opinion changes…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

best Crypto Tax Software

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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DeFi is Not the Holy Grail of Crypto, Here is Why

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Defi Yfi

DeFi has been making millionaires overnight and turning millionaires broke at the same speed.

Those who are on the bandwagon are rejoicing and those who either missed out or got burned by one of the fake projects are yelling ‘Scam’ at DeFi.

Top 5 Cryptocurrencies 2020

Our views are a bit different on the subject.

We do think DeFi is going to be a successful vertical among the blockchain (and crypto) solutions.

It will not be THE holy grail for the redemption of crypto status though.

Supply Chain, Crypto Lending, Insurance, Financial Services, Accounting, Identity, and many more verticals will collectively take blockchain and crypto to the masses.

Shifting our focus back on DeFi, here are some of our thoughts on the current state of DeFi. We do appreciate you dropping any insights you have that we might have missed.

DeFi is not a ponzi, here is why

If the DeFi project you are eyeing meets the following conditions, it is not a ponzi:

  • Audited code: Is the code on which DeFi runs is audited by reputable blockchain auditors? 
  • Reliable team: Who is behind the project? Do they have the know-how? Do they have a history of running scams or leading successful projects? 
  • Actual (sustainable) revenue model: What is the revenue model?  Is it too ‘scammy’ sounding or is it based on sound mathematical (and algorithmic) models?
  • No lock-in periods: Is it easy to get in and out of the platform without any restrictions or lock-in periods?

If you answered yes to ALL of these questions then there is a 100% certainty that the DeFi you are dealing with is not a ponzi (or scam).

However, a caveat is due here.  

Just because the project is not a ponzi doesn’t guarantee its success. Lot of well intentioned companies fail, that’s just the nature of business.

So, do not be one of those guys who sells their home to invest in crypto or DeFi (and that itself is not advice, just an opinion).

If you don’t want to hear it from us, listen to what Yearn Finance creator has to say about DeFi tokens (not all, obviously) having ZERO value.

Source: Crypto Culture

DeFi on Ethereum is not sustainable, here is why

Ethereum DefiMost, if not all, DeFi projects that are making the news today are on Ethereum. 

Ethereum is not a reliable blockchain when it is overloaded.  It gets choked and crashes.  

People are already complaining about exorbitant fees on the network due to the DeFi craze.  

DeFi itself as a crypto vertical is quite new and we are sure there are going to be a lot of ‘killer apps’ that will show up on the scene.

We are currently looking at the DeFi solutions that are being built on other blockchain networks (subscribe for free to know when we post that article).

PolkaDOT is not the end all be all, here is why

Polkadot Defi EcosystemMany are turning to the DOT as the next big thing after Ethereum.

It may very well be.

However, it has not had the chance to prove itself, not yet.

Ethereum’s resilience (or lack thereof) was revealed only during the ICO craze (and then later during CryptoKitties debacle).

What monsters lie in the DOT’s belly?  We don’t know and we would be weary of anyone who claims to know with certainty.

Other things to consider

Entire DeFi space is pretty new and we do not know what we do not know about potential vulnerabilities.

While this is true of Bitcoin itself, Bitcoin has withstood assault for over a decade and still stands stronger.  

Same cannot be said about DeFi.  

Can you imagine someone investing their life-savings into DeFi only to have funds taken because of a bug in the code?

Needless to say, many folks are exploiting the looping system in the DeFi where they take loan against their deposit then lend it back to the platform to take another loan against their deposit, and ad infinitum.

This is causing the DeFi systems to show more liquidity than what truly is.

Conclusion

We think DeFi is an exciting development, however, we still put it alongside ICO craziness for now.

When this space matures and we see reliable solutions emerge – DeFi has the potential to drive a trillion dollar vertical on its own.  

That is just the potential, all the trials and tribulations that we have to go through to get there is going to be one hell of a ride.  

So buckle up and enjoy (and please do not lose your shirts on the ride)!

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

best Crypto Tax Software

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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These forgotten gems could resurge during this bull run

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Forgotten Crypto Gems

Forgotten Crypto Gems

Disclaimer:  We own few of these tokens and there is no guarantee that these coins will actually resurge. Everything you are about to read is an opinion.  Our intention is to put some projects that have taken the backseat in recent times.

If you are curious as to why we give away so much for free – please check this Crypto Freebies page.

Top 5 Cryptocurrencies 2020

Crypto market is quite weird.  

It deceives the onlooker as if it’s learning from its past mistakes but it’s really not.

For instance, during the 2017 ICO craze, anyone could pitch any half-assed idea and raise millions from unassuming investors.

This bull run in 2020 is all about DeFi and Data Oracles.

Just slap ‘DeFi’ to any project without an actual product or even a single line of code written and you will make a boatload of money.

Because the ‘pump and dump’ practices are not closely monitored in the crypto space, many YouTubers are dumping their bags on their viewers.

It is so blatant that the YouTuber will start out saying “I loaded my bags with this” and then go on about all the mooning stuff and throw in a small disclaimer somewhere and voila. 

They make hundreds of thousands or even millions each day. And we are not exaggerating about that.

You contrast that with what you find here.  

We are giving away all the information we are digging up for free (including our Top 5 tokens for the next decade that we hope will 100x).  If you are curious as to why we give away so much for free – please check this Crypto Freebies page.

We recently started the microcap gems series where we are looking to dig up projects with a decent team, an actual product and lower market cap (usually under $5 Million, sometimes even less).

Because of the $$ limit on the microcap gems, there are some projects that we couldn’t cover in that series.

However, we wanted to float these projects in front of the discernible audience (and newbies who may not have looked into these).

This article’s sole aim is to ‘point’ you to these projects. It will not be a deep dive and as always we encourage you DYOR before investing.

Dragon Chain

Dragon Chain price prediction“Dragonchain is an enterprise and start up ready platform to build flexible and scalable blockchain applications.”

Like most projects we pick, Dragon Chain has solutions ready for business today.  This is not a pipedream or a 15 year roadmap.  That is why we think this is a forgotten gem.

This project is still going strong in the background in terms of development and traction.  They released a video in August about how their anti-fraud and transparency proof systems are used by an exchange.

Website: https://dragonchain.com/

Ticker: DRGN

ATH: $5.27

ATL: .02

Current Price: $0.079

Cindicator

Cindicator CND price prediction

“Cindicator builds predictive analytics by merging collective intelligence and machine learning models. Cindicator’s analytical products are available exclusively to holders of CND tokens.”

Market pays top dollar for prediction data.  Cindicator is one of the first projects to build an AI based market intelligence platform on blockchain.

Cindicator boasts over 135,000 analysts from over 135 countries.

In our opinion, Cindicator is a viable project, although it has not gained traction.

Website: https://cindicator.com/

Ticker: CND

ATH: $0.347

ATL: $0.002

Current price: $0.011

FunFair

Funfair Price Prediction

“FunFair is a revolutionary blockchain technology platform that provides low cost, high quality, transparent casino experiences that are Guaranteed Fair.”

The space that FunFair is targeting is a massive one and is expected to grown even more in the coming years.

Ticker: FUN

ATH: $0.33

ATL: $0.0010

Current price: $0.0052

This page will be updated with future ‘forgotten gems’, so please consider subscribing

Acronyms used: 

ATH: All Time High

ATL: All Time Low

DYOR: Do Your Own Research

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

best Crypto Tax Software

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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