fbpx
Connect with us

CryptoSpace

Best crypto to invest in 2020 for the next decade

Published

on

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

DOWNLOAD

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.

best Crypto Tax Software

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

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

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

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.

Continue Reading

CryptoSpace

Lessons from the Veteran HODLERS to the Newbies!

Published

on

Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

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

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

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.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

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

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

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.

Continue Reading

Trending