fbpx
Connect with us

CryptoSpace

Why 2021 could be a monumental year for Brave Browser and BAT!

Published

on

Brave Browser 2020 Price

You read that right. While everyone is focusing on 2020 as a new decade, I was reminded that 2020 is actually the end of a decade and 2021 is the beginning of a new decade.

So, 2020 will be another year, in our opinion, that will lay strong foundations for the crypto space in general and Brave (BAT) in particular. Here is why:

Features

The obvious ones
brave browser over chrome

  • Faster than Chrome:  We are not saying it, the industry experts are saying this and not just fast 3x faster than Chrome. Here is a comment from CNet we picked from Brave browser, “Brave is hands-down the fastest browser I’ve used this year on any operating system, for both mobile and desktop. Memory usage by the browser is far below most others, while website loading is far faster…”
  • Deter ads and trackers:  This is the premise of whole Brave Browser movement.  Avoid trackers from targeting you, and Brave browser shows exactly how many trackers have been blocked, right on your home page.
  • Earn rewards for your attention:  So far, publishers and platforms made money. Never the users that fuel the whole ecosystem.  BAT changes that equation completely. Users are rewarded for their attention through BAT tokens.  The $$s spent on BAT ecosystem are shared at 80-20 with 80% going to the users for their attention.  No other business model can claim this in the digital ad space or commercial browser space.
  • Reward your favorite content creators: You love internet because of what’s out there.  What’s out there was created by someone. So far, platforms were leeching on the creators giving them peanuts for their contributions. Well, Brave browser lets you tip your favorite publishers right from the browser. You can check this article on BAT tokens.  

Shameless plug: We are certified BAT publishers – consider tipping us in BAT.

  • Keep your chrome extensions: While Brave is better than Chrome, you don’t have to let go of your Chrome extensions to switch to Brave. You can keep your chrome extensions on Brave browser, so get the perks of switching without losing the chrome extensions.

Not so obvious

  • 376,000 publishers and growing: Total publishers that supported BAT grew to 376626, at the time of this writing.  Depending on the publishers popularity, even if we assign 100 viewer reach per publisher – per month (which is ultra-conservative) – you are looking at 37,600,000 viewers getting educated about BAT each month.  Again, as we said, this is ultra-conservative. This is going to bring more people to BAT ecosystem.
  • 9 million users and growing: As of October 2019, a whopping 8 million users were using Brave browser and the number keeps growing each month.   
  • Accolades from industry luminaries: CNet, The Verge, and numerous other outlets have named Brave as one of the most reliable and fastest browser. Apple (HK) names Brave as the ‘apps we love’ and got some well deserved limelight to Brave.

Increasing traction

AwarenessIf you check the BAT Growth website that tracks Brave browser’s adoption on various social media platforms, it becomes quite apparent that Brave’s penetration is growing by 1000s each month.  As an example, the number of YouTube creators supporting BAT went from 25000 in January 2019 to 240,000 in January 2020. A 10x increase in YouTube creators that supported BAT. 

Similar growth patterns can be seen on other social media channels like Twitter, Twitch, Reddit, etc.,

People have started recognizing the power of Brave Browser and once the critical mass is reached (let’s call it 20 million) – I think it would be very difficult to stop Brave.

Total Addressable Market, the secret sauce that will fuel BAT’s success

It all boils down to the total addressable market that Brave is going to impact.  

Total digital ad spending as of the end of 2019 was expected to surpass $333 Billion. Let that sink in. A total market size of $333 Billion and growing.  Digital ad space will continue to grow as more and more people are engaged over digital screen  Even if BAT captures 1% of this market, and we believe it will capture more than 1%, it would create a demand of more than 3.3 billion.

Add to this demand, the number of publishers who have enrolled to receive BAT.  As of the writing of this article, there were a total of 376,000 publishers. Even if each publisher is receiving 100 BATs a month, that creates a 37,60,000 in BAT demand.

There are over 9 million active users of Brave Browser (as of November 2019).  Even if you average 5 BAT per user per month, that adds a huge circulation of 45 million BATs each month.

Minimum recommended spend to advertise on BAT platform is $10,000;  And advertisers are queuing up. Remember, every single ad purchased creates demand for of over 52,000 BATs (at current price).  

Do you know any cryptocurrency in the market right now (excluding Bitcoin) that has been gaining real world use case, market traction and creating real demand for its alt coin on par with BAT?

And, remember, whether each BAT costs 20 cents or $20, advertisers don’t care.  They only care about the effectiveness of their ad spend and that is where BAT is going to catch a lot of people by surprise.

In the long run BAT could become the medium of exchange to buy and sell goods and services between publishers, advertisers, manufacturers and audience, right on the platform, irrespective of which cryptocurrency everyone uses.  When this happens – it will not only take crypto to a new level, but push BAT to a different ball game altogether.  

Affiliate marketing can be managed right on the platform itself as well.  All of it will make BAT one of the most valuable real world cryptocurrency out there.  

In summary, here are the reasons why we think BAT has a long and bright future:

  • Reliable team with impeccable reputation
  • Real world use case
  • Addresses real world issues of privacy and security for users and ROI tracking for advertisers spending real money
  • Amazing Total Addressable Market
  • Growing Brave browser user base
  • Growing publishers who are supporting BAT movement
  • Organic – grassroots demand for BATs from users, publishers and advertisers
  • Glowing recommendations including ‘Apple’s Apps we love’ recommendation

Will we see a $5 per BAT in 2021?

BAT 5 DollarThen the question is, what will BAT be worth in 2021?   

In our opinion, we think BAT will start seeing a great momentum in its price point with a lot of highs and lows to bring it to $1 by end of 2020.  From there, the gradual adoption will push the price point higher. 

A $5 per BAT is not out of cards, in our opinion, by the end of 2021.  Only time will tell if we are right about this or not, but since this out here in the open, we will be watching closely.

If you do not have BRAVE Browser, get it here.

If you love BAT as much as we do – consider tipping.

Thank you for reading the article. What is your take on this?

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.

Subscribe-top5-long-term-cryptocurrencies

CryptoSpace

5 questions we want XRP army to answer!

Published

on

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.

Sure Weight Loss

 

Continue Reading

CryptoSpace

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

Published

on

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.

Sure Weight Loss

 

Continue Reading

CryptoSpace

These forgotten gems could resurge during this bull run

Published

on

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.

Sure Weight Loss

Continue Reading

Trending