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Projects to pay attention to before they breakout (including new recommendation)

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Is a bull market around the corner? Looking for a project recommendation to invest?

We had listed out all bullish signs in one place which seem to indicate that a bullish scenario is already catapulting and it is just a matter of when rather than ‘if’ at this point.

Not all projects will do well when the bull run is here.

It is primarily because a lot of crypto investors have burned their hands in going after every shiny glittery pie in the sky promising hyped up projects.

Crypto investors are demanding EXECUTION now!

That is one of the focus of our picks in this article. These hand-picked projects are poised to do very well in the upcoming bull run because people will realize how undervalued these projects really are compared to the media grabbers like bitcoin cash or RIPple. Those projects may do well also – we just don’t care for them.

We are not invested in all of these projects, however, our shortfall on fiat should not let you miss out on some of the gems in the market that are waiting for the right moment(um).


Let’s get started.

ICON

Those who have been following our facebook group (join in) know that we are big fans of ICON.  In fact, we have been tracking ICON before its ICO days and are more confident about its future than ever before.  Of course, there are no guarantees for anything in crypto, here are few reasons for our bullish attitude on ICON.

  • Deep ties with the South Korean government
  • Serious business culture not seen in any other project in crypto space
  • Continuous and strategic partnerships
  • Targeting student base to bring more talent to develop on ICON
  • DApps launched on ICON with team’s help (They even sponsor worthy projects)
  • Incubator program targeting to launch 300 DApps over next few years
  • ICON Launch program to help bridge the gap between blockchain and traditional business models
  • Focus on Interconnectivity (they call it hyperconnected) which will be key in the coming decade in Blockchain space
  • A team that never talks price action
  • Making Wallet addresses useable (and user-friendly) with ICONick
  • Many initiatives to up their communication game (ICONist)
  • ICON beat Nano in speed at one point but stands at number 3 (and that is not even their USP) at the time of this writing
  • We can go on, but SpecRationality did a great job talking about ICON
  • You can check out our ICO article here and a broad coverage here where we put ICON in the leagues of Ethereum and NEO

What will trigger the price action?

  • Lifting of ICO bans in Korea (we expect the policies to somewhat play in favor of ICON who conducted a strict AML and KYC during ICO)
  • Multiple, exciting ICOs brought onto platform in 2019
  • Incentive program launch that will provide details on the possible passive income potential (like NEO)

QuarkChain

We are actually including QuarkChain to our project recommendation profile through this article.  You can check the buy up to price and target information on our facebook group (its free to join).

The biggest problem that Quarkchain will help address is scalability with reliable technology backing.  One of the most professional teams backing this project and Mainnet around the corner – QuarkChain is poised for an ultimate marathon in the coming years.

Quarkchain has a shot to become one of the best ‘industry grade’ blockchain systems.  Of course, it will not be the only one – but the blockchain space itself will have room for many good industry grade systems.

Reasons for project recommendation:

  • Institutional backing that speaks to the potential, check them here (check both investors and strategic partners)
  • One of the best teams, check their profiles here
  • 1 Million On chain TPS target to meet real-world business demands
  • 16 out of 20 million where sold to private investors and ICO was one of the hardest to get into (which is only to reference the popularity and promise of this project)
  • 50% hash power from the network that provides safeguards against double spend issue
  • Supports sharding
  • Great social presence/community reputation
  • Constant progress updates in their social channels

What will trigger the price action?

  • Mainnet scheduled for Q4 (so before the end of 2018)
  • Newer versions with updated features
  • Leverage of institutional investor connections
  • Onboarding of clients and resulting PR
  • Broader awareness of its potential realized in blockchain industry

Check the buy up to price and potential for gains here.  Of course, everything here is an opinion, not an advice of any kind.


NEO

We never expected NEO to trade below $17.  But then again – crypto space has a way to humble us.

NEO will reign over China as China’s Ethereum, irrespective of whatever FUD that seems to float every time it catches a bit of steam behind it.  Whoever is playing the scare card strategy to keep accumulating NEO at a bargain price is winning.

Although it will take a while for NEO to beat its ATH prices – it is nevertheless a project that will do very well in the upcoming years in our opinion.

  • One of the strongest (and voluntary) communities
  • Amazing help available in the community to help launch DApps
  • More (and better) ICOs/DApps are expected to launch in the coming years

What will trigger the price action?

  • A bull run will live all quality projects with it, NEO definitely makes the cut
  • More ICOs using NEO (this is one of the primary reasons for Ethereum run in 2017)

Cindicator

We have written up a detailed article on Cindicator.  Cindicator had a price action closing it into 30 cents during the Bull frenzy end of 2017, today Cindicator is trading at around 2 cents.

Irony is that Cindcator has 10 times more analysts on their platform today than during the crazy price action.

Cindicator’s potential is hiding in the clutches of this bear market – but when the market realizes its true value – it will go on a massive run.  It belongs, in our view, in the billion dollar club.

Reasons for project recommendation

  • Good use case for Blockchain
  • Team that is most active and keeps on building connections with big players
  • Merges trading intelligence and analytics for both crypto market and traditional markets
  • Hybridizing human intuition with machine learning using AI (and team that is capable of executing)

What will trigger next price action?

  • More than 34% of the token supply is locked up to utilize the product features
  • Sheer increase in number of users of various product features will result in scarcity in the market
  • ICO review platform that will gain steam in near future
  • Demand from institutional investors trying to tap into crypto insights

0x

0x is a platform that will have a broad impact on crypto space for the future to be built on.  Its proprietary technology will be one of the broadly used to develop and deploy DEx (Decentralized Exchanges).  Make no mistake, DEx are the future of crypto trading and 0x will be the front runner of this space.

Reasons for project recommendation

  • One of the best teams with early pioneers on board
  • Protocol to build DEx platforms that is more advanced than any other

What could trigger next price action?

  • Coinbase listed (already happened) and its traction
  • More institutional investors will pour into this project in our opinion
  • DEx released on 0x will naturally increase demand for 0x (to pay for network fees to launch on top of 0x)
  • Staking will also contribute to an increase in value/demand

Honorable mentions:

VeChain

With VeChain, it is just a matter of time before people will start seeing its true potential.  Most widespread use-case of the blockchain, amazing partnerships, great community, near bottom prices (compared to its VeChain (VET) price), staking rewards and partnership with DNV GL.

Binance Coin

Binance’s DEx is expected to use Binance coin as the main pair.  IF Binance’s success as a crypto exchange is any indication – the DEx should follow the suit.

GVT

Their pitch “All managers, all brokers, all financial instruments, all kinds of assets in one interface” should be more than what one could ask for reasons.  Token supply, the team behind the project, roadmap, vision are all add-ons for this project.

Are there any projects that you think will break out during the next bull run?

Thank you for reading this article.

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IMPORTANT DISCLAIMER: Do your own research before investing. Crypto space is very volatile, don’t invest more than what you can afford to lose. Everything in this article is an opinion, not an advice of any kind.


CryptoSpace

Why this bull run has no precedence? ONE key metric to rule them all

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bull run 2020

Everyone is singing the praises for the bulls’ arrival in the crypto space.

Some say that 2020 will mark the biggest bull run in cryptos’, albeit short, history.  

We are already in October so we doubt any fireworks will take place now since there is a lot of uncertainty about the US elections.

Add the uncertainty around the stimulus bills, unemployment trends, soon to be lifted forbearances and the list goes on.

2020 still has another 2.5 months to go but most of these uncertainties will take a while to show their true impact.

For instance, what will a Biden presidency mean for the economy and cryptos?  

How many people will be forced to sell their homes once the forbearance’s are lifted?

What happens if the next stimulus bill does not pass through?

When will the vaccine become available?

These are some of the unique situations that we have no precedence for. Do not let anyone convince you that we know what’s going to unfold, because no one does.

Yes, everyone has theories, like the ones we are presenting here, but that is all they are: theories.

The BIGGEST metric that crypto community is not considering

We are no economists nor can we run any fancy charts to impress a point on you.  

We are just good observers and have common sense to deduce a few things based on data.  

For instance, between 2007 and 2010 consumer spending dropped by an overall .2% and we know what that meant for the economy.

Personal consumption expenditure

In 2020, people have literally cut down on their spending.  Some of it is forced due to the restrictions imposed by external forces and most of it is self imposed.

I am sure the spending on marijuana, liquor and food have gone up but what about other spending?

2020 also saw a spike in the savings balances.  

Economy is not stimulated by people hoarding their money. People need to exchange value for the economy to thrive.

What happens to the spending behaviors when the true stats around evictions, lost jobs (that are not coming back) and small businesses that are shutting down permanently are out?

Our guess is that people are going to be weary of spending money in the short to medium term. If we were forced to pick a timeline – we would say about 12-16 months (assuming we get a vaccine in Q1 2021).

When is the next bull run? 

Based on what we have seen in 2007 through 2010 and observing the consumer spending habits in recent times, we think that Bitcoin (and cryptos) will not find their true peak until next halving.

We know this is not what you came to hear.  

If the bull run in your mind is hitting the 2017 highs then we do not think you have to wait until the next bull run.

If the bull run means a $100,000 bitcoin then we stand by our opinion on when that is going to be.

A case for bull run

In spite of what is going on in the street, following factors are acting as strong bull market signals for the crypto space. 

Hype: Crypto space (specifically Bitcoin) has been gathering a lot of steam in terms of brand awareness and mass penetration.  This is great for the long game.

Adoption: More than ever, private and public enterprises are becoming serious about bitcoin and underlying blockchain technology.  What is good for bitcoin is good for blockchain and vice-versa.  MicroStrategy investment, Paul Tudor Jones getting involved with bitcoin are some examples.

Tech explosion: Crypto space is home to some of the brilliant minds in the tech space. Add Big Techs interest in the crypto space and you have a perfect recipe for monumental shifts in crypto perception. Tech giants like Microsoft, Google, Twitter, Facebook are all getting involved with blockchain and cryptocurrencies in some shape or form.

Retail demand: More and more retail investors are looking for alternative investments and they are waiting on the sidelines to get involved with Bitcoin.  As soon as companies like Fidelity or other brands offer crypto investment through retirement plans – there would be a massive influx into this space.

DeFi: DeFi in its current state might be infested with shittty projects but as a concept and technological shift to turn the current banking system upside down – it holds great potential. Any demand to DeFi brings more demand to bitcoin, ethereum and blockchain in general.

Conclusion

The debate around when is the next bull run will hinge on how the market recovers from this pandemic. How soon will we get the vaccine and how many of the lost small businesses and jobs are we going to resurrect?

From a macro perspective, Bitcoin and few select cryptocurrencies will continue their upward trajectory so if you looked back to 2020 five years from now, you might think bitcoin was on sale.  

Question is: how many people have that kind of patience?

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.

 

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CryptoSpace

Is Cryptocurrency driven by fundamentals or hype?

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Fundamentals or Hype

During the early 2000s India experienced a massive real estate bubble. With a lot of western companies opening their outsourcing centers in India, the land prices shot up 2x, 5x, 10x, and even 100x.

You read that right. 

Have you heard about 100x in Real Estate?

To be sure, the demand was exponentially growing in the major cities like Bangalore, Hyderabad, etc., which were quickly turning into back offices for the many western companies.

The hype in these cities was somewhat justified.

However, here is the kicker.  Many remote places which did not directly benefit from this influx of foreign direct investment started seeing their prices go up in similar fashion.

In a crazy case of trickle effect and super-hype created by the real estate agents, properties were just trading from one party to another for unbelievable markups and the prices constantly went up.

Today, that massive bubble is still intact minus the crazy multipliers.

The reason we like the comparison of what happened in Indian Real Estate market to the crypto is that a genuine need in a specific space has been exploited to translate that hype onto anything tagged with the name. 

In India that hype tag was ‘land’ and in crypto that hype tag could mean anything from ICOs to DeFi.

Ask any crypto enthusiast they will make you believe that crypto is all about fundamentals.  However, anyone who has spent even a few months in the space quickly realizes that crypto prices don’t follow fundamentals.  

This is one place where Crypto space shares its similarities with the stock market as well.

Stock market is completely distanced from the economy and it too acts irrationally, that is, when people are losing jobs and businesses are shutting down permanently, the stock market rallies higher and higher.

Similarly, crypto space, to its own detriment, is ignoring the projects that have amazing fundamentals while pumping other projects solely based on the hype.

Long term vs. Short term

Hype is short lived. Fundamentals are a long game.

That is why we emphasize that anyone interested in the crypto space does their own research in finding the projects that meet their fundamental criteria.

Once you know that a project has fundamentals (team that can execute, problem worth solving, solution that can solve, market demand, etc.,) then you just ignore the FOMO and FUD.

This will help you sleep better and use your spare time and energy in quality endeavors like taking care of yourself or spending time with family, etc.,

If you get on the hype train – it will be difficult to catch the right wave and this constant lookout for the next big thing is going to rob you of all the peace.

And, if you find yourself on the right side of the wave – you will be decimated and drowned.

DeFi defies all common sense

That is what happened with a lot of people who tried to ‘time’ the DeFi market.  

Don’t get us wrong. Many people made a ton of money (and good for them).  However, remember, crypto at this point of its evolution is a zero sum game.  That means, for everyone who made a million someone lost that million.

Unless you got on a project quite early keeping your risk level low or you have some insider information (not to mention this being illegal), you can generally not ‘time’ the market.

Many veteran traders have lost their shirts in chasing the market.

Conclusion: does this mean I should stay away from DeFi?

We cannot tell you that.  That is something you got to decide for yourself.

By market cap, Yearn Finance is considered one of the top DeFi projects. It lost over 67% in less than a month.   

Personally, if the top most project is still trying to find the ground while other projects are losing 99% of their value in a matter of a day, that means one thing:  the space needs time to mature.

We will continue to learn about DeFi. We will continue to invest what we can afford to lose when we find the right project that meets our fundamentals criteria.

That is our strategy at the moment. You have to find a strategy that suits you.

While crypto space is riding on the hype at the moment, we continue to believe in fundamentals.

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.

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CryptoSpace

Will India Ban Cryptocurrency Trading?

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Cryptocurrrency Ban India

India keeps playing with the emotions of the crypto community in India with constant back and forth of change in rules.

First it was a complete ban of crypto transactions. RBI forbids banks from serving any clients that deal in cryptocurrencies. Thanks to the Supreme court decision, RBI had to back off.

Now, there is a renewed effort to place a ban on crypto again.  

Is Crypto Ban a good thing for India’s financial future?

No, Cryptocurrency is here to stay according to many financial investors and billionaires. As nations prepare for a hyper-inflation cycle to sweep the world, Cryptocurrency can act as a hedge in addition to gold and silver.

If the government is concerned about illegal activities with cryptos then they can relax because most crimes happen in fiat cash transactions, not crypto which is traceable.

Crypto traders generally are not the ones that take part in illicit trades.  It is those who introduce illegal ICOs and OTC trades.

How about regulations?

Instead of banning crypto trades, how about bringing clear regulations to provide a framework for the crypto trading.

Such a framework should include stricter guidelines for ICOs and OTC trades.  

Crypto exchanges can relay the trading information directly to the tax authorities (instead of needing to be subpoenaed) so that there is transparency.

Will India Ban Cryptocurrency Trading?

That depends on whether India wants to be in the ranks of the United States, Switzerland, South Korea, etc., or if it wants to be counted among China, Russia and North Korea.

The United States, South Korea and Switzerland (along with other countries) are doing everything to stay ahead in the blockchain and crypto race.

Other countries we stated above are working to stomp on the innovation. 

A better question is: Can India ban cryptocurrency trading?  

The answer is NO.  

To ban cryptocurrency trading – India will have to shut down the internet.  

In the event of an actual law that bans Indians from participating in the cryptocurrency trading, the only people that will be impacted by those are the ‘honest’ citizens because the crooked ones will still find ways to trade using VPN or alias names.

For a country that wants to be at the forefront of technological revolution a ban would be a very backward decision.

We urge the Indian government to NOT punish the honest citizens by introducing a ban.  Rather, introduce a sensible legal framework for everyone to operate in.

This will bring more businesses to India and take India’s platforms to the world.

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

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