Kvě 23

10 Fintech Leaders Predict Bitcoin to End 2019 Above $9,500

Ten prominent fintech experts shared their bitcoin price predictions and all agreed that BTC would close 2019 above $9,500, according to Finder.com.


Experts Expect a Bull Market

The US-based comparison website surveyed 10 fintech leaders on their thoughts and projections on 13 cryptocurrencies (including the top-10 by market capitalization) and the participants included executives from BitBull Capital, Arca, and Blocktoken.

The participants were most optimistic about EOS, Binance Coin and Tron as each was forecast to gain 727%, 459%, and 449%, respectively.

When asked whether the current climate is ideal for the average person to invest in cryptocurrency, 5 out of 10 executives agreed that now is a good time to allocate a small portion of portfolio funds to digital assets. 4 survey participants also said that they believe Bitcoin will surpass its $20,000 all-time high during the next bull-run.

50% of the participants believe that the next uptrend will end just like the one in 2017. But while the majority of the participants expected Bitcoin to eventually cool off from its recent parabolic run, the general consensus was Bitcoin would exceed $9,659 by the end of 2019.

Analyst and participant Joe Raczynski said that:

We are entering a new period with Bitcoin. Many of the institutional players have said they are done with this experiment (publicly), which may be the case [but] I think privately, some other hedge funds and other institutions will continue to invest during this lower period.

Altcoins to Outperform Bitcoin in 2019

Surprisingly, Blockchain Capital partner Jimmy Song expects Bitcoin to close 2019 at $5,901 and Song explained that there seems to be some daylight between Bitcoin and other cryptos.

Bitcoin will start being seen as a different asset than all the others,” he said.

Meanwhile, Bitbull Capital’s Sarah Bergstrand said that she expects bitcoin price to “bounce between $3,000 and $5,000 for the next few months.”

The survey results also show that the majority of participants think Cardano (ADA) will wrap up 2019 at $0.14 and the group was fairly optimistic about EOS.

Brenden Markey-Towler from RMIT Blockchain Innovation Hub predicting that

….as EOS transitions with NEO and Ethereum to next-generation consensus algorithms, I suspect their scope as an institutional technology will increase, and their value with it.

Stellar Lumens (XRP) is expected to reach $0.18 by year-end and the group optimistically forecasts that TRON and XRP will close the year at $0.15 and $0.44.

Finder has held its Bitcoin Predictions Panel since January 2018 and interested investors can find the details of each monthly survey here.

Do you agree with these bitcoin price predictions? Share your thoughts in the comments below! 


Images via TradingView.com, Twitter, Shutterstock

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Kvě 10

Did the $41M Bitcoin Theft Create a Buying Opportunity for Binance Coin (BNB)?

Binance Token (BNB) has taken a significant due to the Binance Bitcoin hack but is the recent pullback an opportunity for buyers?


BNB Maybe a Steal as Binance Reels

Since topping out at $25.49 Binance Token (BNB) 00 has pulled back by nearly 27% and the fallout from last week’s Tether – Bitfinex scandal along with Binance’s recent $41 million bitcoin theft are taking their toll on the exchange’s native token.

Clearly, after a more than 500% rally, BNB was ripe for a bit of profit taking and a trend change but the current dump could be more connected to recent events and not a representation of BNB’s value from a technical standpoint.

BNB-USDT Daily Chart

binance

As recently as May 2, BNB was consolidating between $25 to $21 and posting daily lower highs. It’s clear that altcoin was losing strength as it struggled to stay above the 12 EMA The bear cross on the daily MACD corresponds with the April 26th news of Bitfinex misappropriating $850 million USDT to cover their own losses.

BNB-USDT 4-Hr Chart

Today’s pullback brought BNB below both moving averages and the 12 is on the verge of crossing below the 26 EMA. There is the possibility of an oversold bounce occurring shortly as the RSI and MACD are each oversold, but barring a massive influx of buyers, the bounce is not likely to change the trend or extend past $19.50.

On its way to $25.49, Binance Coin blasted through $17 – $21 (61.8% Fib retracement) and the lack of support beneath $19 explains why BNB is slicing through this level towards more solid support at $15. If $17.30 doesn’t hold then the 50% fib level.

Given that USDT and BTC have shaken off and recovered from the same recent events that now impact BNB, it’s likely that BNB will also recover as the public gets over the shock of the largest crypto-exchange by daily volume enduring a $41 million hack. Luckily, it has resulted in zero Binance users losing funds.

In result, the current price could be a buying opportunity for swing traders as a return to the previous range represents a 20 – 25% return and those looking to set up a long position might consider buying a quarter of their expected investment.

Is Binance Coin a buy now under $19? Share your thoughts below!

[Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by Bitfinex. The charts for the analysis are provided by TradingView.]

Trade Bitcoin, Litecoin and other cryptocurrencies on online Bitcoin forex broker platform evolve.markets.  


Images courtesy of Shutterstock, Trading View. Market data sourced from Coinbase.fkff

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Pro 05

Tether Dominance Of Stablecoin Market Falls To 74%

As 2018 began, with only two competitors, Tether commanded 94 percent of the stablecoin market. With the year seeing the emergence of 8 new players in the space, that dominance has fallen to 74 percent.


Flood Waters

It seems that the cryptocurrency du jour is the US Dollar, or at least the stablecoins pegged to it. This year has seen a wealth of new offerings flood to market, causing exchanges to reassess how to list them.

Huobi added its own stablecoin to the fray, with the launch of HUSD. This is interchangeable with and amalgamates Paxos, TrueUSD, USDCoin, and Gemini Dollars, allowing deposits and withdrawals for no conversion fees.

Binance also introduced changes, to clearly identify markets with stablecoin pairings.

Chip Chip Chipping Away

Forgetting the headline figure, 74 percent is still a full three-quarters of the market, which is quite significant. On average, each new competitor eroded less of Tether’s market share than the original two.

Which illustrates the value in this case of being first to market, compared to the comparative value of your product. Despite the continuing criticism and scrutiny of Tether, it maintains a market share that its competitors are all vying for.

Stablecoins Aren’t Going Anywhere

Stablecoins are certainly divisive. The touted benefits are questioned as often as they are lauded. Are they just the answer to a problem that nobody really had in the first place? Or are they a necessity in the evolution of crypto?

Either way, they are fast becoming a permanent fixture in crypto-news and shaping the current crypto-landscape. As more and more players continue to move into the market, stablecoins are clearly the current craze in the nascent industry that has struggled as a whole against the USD in 2018.

What remains to be seen is the ongoing impact of this on Tether. Will each new project continue to nibble away at its market share? Will a plucky young upstart find enough popular support to launch a serious uprising and eventually usurp the king? Or will the overcrowded throng of hungry contenders start to cannibalize each other’s piece of the pie?


Images courtesy of Shutterstock, Twitter

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Lis 17

One Cryptocurrency to HODL, Two to FODL (YOYO, BCHABC, BCHSV)

Forks can be beneficial to the cryptocurrency space. This is specifically true when they add desired attributes to underlying cryptocurrencies. In many instances, forks do not bring any benefit but are the result of infighting.


Cryptocurrency Chaos: BCHSV and BCHABC

Cryptocurrencies dealing with infighting and hash wars should be avoided while coins reaching milestones with tiny market caps should be accumulated. Following this logic, both Bitcoin Cash forks should be sold, while the project YOYO deserves major recognition. YOYO is a HODL, while BCHSV and BCHABC are both immediate FODLs.

“BTC is the new stable coin,” was the resounding statement the prior month. Right as the entire cryptocurrency market expected stability from the market leader it lost more than 10 percent in under 48 hours. Many speculated about the reasoning but it seems fairly clear to those who did a little investigating.

Bitcoin Price Analysis: Will Bitcoin Bite Back?

The Bitcoin Cash [BCH] 00 fork sent the market into a tailspin this week. Now that the BCH fork has concluded it seems the same fork that created market panic has demonstrated bullish market signals.

Let’s start with the lovely ticker symbols: BCHSV and BCHABC.

Bitcoin Cash price technical analysis BCH

How can anyone take someone seriously when they claim “BCHABC is the original BTC.” The sentence is almost laughable. When the parties that tore BTC apart were working in tandem to try to be the ‘original BTC’ they had a chance. Albeit a small chance, one that existed. Now having forked their fork, neither Bitcoin maximalist nor novice cryptocurrency trader will believe BCHSV or BCHABC is the “original bitcoin.”

Could either be a possible winner regarding a short-term trade? Sure, however, regarding long-term utility, neither solves a problem BTC 00 has not already resolved, and neither have communities like the original BTC.

With discussions raging regarding a hash war between the two new BCH chains, it seems like neither is the ‘right’ choice in the short term.

To capitalize on the market rebound that is likely to occur from this week’s overcorrection small caps on the largest exchanges should be targeted.

A cryptocurrency that clearly meets most investors guidelines with a tiny market cap on major exchanges is YOYO.

YOYO (YOYOW)

 YOYO, is a clever acronym for “You Own Your Own Words.” YOYOW trades under the ticker symbol YOYO 00. The concept behind YOYO is very simple; you own what you create. The content a user creates deserves to be rewarded.

What makes YOYO a unique acquisition target, especially during this week’s correction are multiple things:

  1. Confirmation speeds of 3 seconds compared to BTC’s 10 minutes.
  2. A throughput of more than 3,000 transactions per second.
  3. The first blockchain authorization login.
  4. Network governance for token holders.
  5. The total circulating supply is equal to the total supply.
    1. This means all coins are in circulation and the team is unlikely to be able to ‘dump’ on the market during major price shifts.
  6. The market cap is under $7.5 million and is traded on multiple Top 5 exchanges.
  7. 2018 Q3: Dapps were integrated.
  8. 2018 Q4: Token Feature Optimization, Authorization Feature, Lockup Feature, and Dividend.
  9. 2019 Q1: Enable Content Rewards.

Finbitex

There are almost 10 reasons that make YOYO a short-term acquisition target as they roll out their content rewards at the beginning of next quarter. Confirmation speeds of just seconds mean your cryptocurrency can be sent anywhere and received before a sentence can be completed. Being able to process 3,000 transactions per second means as a payment for content provider they will be well ahead of the curve.

YOYO intends to be the first blockchain with authorization login. This feature will separate YOYO from the majority of other similar content platforms. Those who hold tokens of any cryptocurrency appreciate being able to help govern the platform, this attribute will be implemented for YOYO imminently.

The market cap of YOYO being under $7.5 million makes it a ripe target for rapid growth as any substantial news or meeting of deadlines will push the market cap exponentially higher.

Despite the bear market, YOYO continued to integrate Dapps while building out their reward and incentive platforms. This quarter has the implementation of many of YOYO’s coin features. This includes their Authorization Feature, Lockup Feature, Dividend, and Governance.

It does not appear that either BCH fork added any value to the cryptocurrency space but instead created a 48-hour correction. Due to their lack of adding real value or utility both BCH forks should be avoided.

YOYO is a project that deserves the attention being diverted to unnecessary forks and market corrections.

Look for YOYO to outperform during any rebound the next few days and through the possible upcoming bull run.

[Disclaimer: This views expressed in this article do not reflect the views of Bitcoinist and should not be taken as financial advice. Also, this is the first time the word FODL has been used (opposite of HODL)**]


To read the Crypto King’s prior articles or to get in contact directly with him, you can on Twitter (@JbtheCryptoKing) or Reddit. The King is the founder of ANON and actively trades cryptocurrencies.

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Lis 12

Stellar (XLM) Becomes Top-5 Cryptocurrency Pushing Out EOS

Open source cryptocurrency transfer protocol Stellar’s Lumens (XLM) token has entered the top five cryptocurrencies by market cap the week after its $125 million deal with Blockchain.


Stellar Lumens Beat EOS To Top 5

Data from Coinmarketcap confirms the repositioning, which gives XLM a market cap of $5.15 billion and relegates TRON to eleventh place and edging out EOS from the Top-5.

Stellar (XLM) 00 has seen considerable publicity over the past weeks after executives announced a giveaway campaign with wallet provider Blockchain worth $125 million.

Stellar: Headed Towards $1?

As Bitcoinist reported, the campaign was ostensibly designed to draw attention to cryptocurrency more generally among the wider populace, but XLM immediately profited, bucking the general trend to stave off losses taken by other altcoins since.

“We’ve already shared our thoughts on how Blockchain Airdrops are a great way for crypto creators to drive decentralization and adoption for new networks. We think they’re great for crypto users too,” Blockchain CEO Peter Smith wrote in a blog post about the giveaway, which is open to anyone with a Blockchain wallet.

“…We’re starting with Stellar because its network is built for scalability.”

EOS Battles Publicity Crisis

Stellar has instigated mass XLM giveaways before, a blog post of its own describing the feature as “core” to its “vision and strategy.”

“…The network has grown enough for mass distributions to make sense,” executives wrote.

XLM outmaneuvers EOS to enter the crypto top five, the latter facing fresh controversy this week after it emerged agents had the power to reverse transactions which had already confirmed on its network.

Currently causing furor on social media, the case in question involved an EOS account which had been phished and funds moved without the owner’s permission.

Settling the issue, an EOS ‘arbitrator’ took the decision to simply reverse the transactions, leading to criticism of the protocol’s ethics.

In an interview last month meanwhile, CTO Daniel Larimer dismissed the need for decentralized features in EOS, claiming the concept “isn’t what we’re after.”

What do you think about Stellar reaching the top five cryptocurrencies? Let us know in the comments below!


Images courtesy of Shutterstock

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Lis 03

3 Cryptocurrencies Likely to Beat BTC Price Short-Term (WaBi, BNB, TRX)

Who can beat BTC price in the short term? This week three very unique coins have been selected: WaBi, BNB, and TRON. WABI looks to be the top contender to produce the highest returns as a cryptocurrency.


Market Conditions

The price stagnation within BTC price 00 has led to many mini altcoin rallies. Cryptocurrencies highlighted in similar articles such as GOChain increased well over 100% since their being selected as an ‘undervalued cryptocurrency.’

These current market conditions represent a spring coiling in the cryptocurrency space. Summer was filled with negative news about Bitcoin and blockchain. However, since quarter four has begun there has been no real BTC positive price movement. This is contrary to the news which has been positive for over a month.

Last week saw:

  • NYSE’s parent company announced December 12th as their launch date for Bakkt (BTC settled USD pairs).
  • The country of Singapore invested directly in Binance.
  • The country of China which had previously different styles of bans on ICOs and crypto ruled BTC as property.
  • Coinbase added USDC.
  • Bitfury considering an IPO (not ICO).

The prior week in blockchain and cryptocurrency has seen BTC stagnate even with the spectacular news. The spring has been coiled and the question that remains is which cryptocurrency will appreciate against BTC in the next few weeks to few months?

When analyzing the market to see which coins have already had their mini bulls runs it becomes increasingly obvious that WaBi, BNB, and TRON should all have major positive movement.

WABI has the smallest market cap and significant quarter four news. Most of their news has yet to be announced but an exclusive interview with the founder this week provided some inside details. BNB and TRON are likely to produce returns far greater than BTC’s due to their communities and utility.

However, WABI is the most undervalued on this list as TRON and BNB have market caps over $1 billion, while WABI’s market cap is under $20 million.

Although a higher risk cryptocurrency play, WABI is most likely to produce the highest returns when compared to BTC and other cryptocurrencies in the market.

stock market quotes

WaBi 

WaBi 00 is a cryptocurrency with under a 20 million dollar market cap, is traded on Binance, has major events and news all quarter four, and provided an exclusive interview with the founder for this piece. Not only is right now the opportune time to research WaBi but it radiates as an undervalued cryptocurrency.

Walimai is a safe-channel ecosystem for consumer products. The purpose of Walimai is to secure supply chains of important consumer goods (such as baby milk). So what is the WaBi?

Well the WaBi is provided as an incentive for scanning anti-counterfeit labels of WaBi products. This helps drives consumer awareness of the product’s transition through the supply chain and insures product safety.

China (where WaBi is predominantly located) has had multiple scandals involving food which has resulted in large scale accidental poisonings. WaBi looks to solve the issue of supply chain monitoring for consumer goods and has found a way to incentivize the public for participating in the process.

The WaBi cryptocurrency once attained can be used to discount the cost of consumer products along with improving delivery terms. This demonstrates clear utility in a niche market which needed blockchain support (consumer goods and the supply chain).

Why is now the time for WaBi? According to CoinMarketCal WaBi is undertaking a full rebranding in quarter four, they are going to open up sales to South East Asia, Latin America, and Europe, and they plan to introduce Walimai Labels for pharmaceuticals as well. This is a very impressive roadmap for quarter four which led to my desire to speak directly to the Founder, Alex.

In my exclusive interview with the WaBi Founder, I was able to uncover a few more details regarding the upcoming big news. The rebranding is not just the altering of some colors. WaBi is about to undergo a full rebranding regarding the name, colors, fonts, websites (WaBi and Walimai). They have been working with a top design agency while having interviewed almost 1000 users regarding user friendliness and aesthetics. Their rebranding is the first of its kind because they are bringing the active WaBi community into the process. They are providing prizes to supporters who participate in the rebranding, holding an almost scavenger hunt to ‘find’ the new website and additional features.

A cryptocurrency rebranding is very exciting especially because of how different WaBi plans to handle it. Immediately following the rebranding WaBi intends to have a major press release push, almost identical to what they did in 2017 when they were featured on BBC, CNBC, Business Insier, Reuters, and many more (this prior PR push dramatically increased WaBi’s value). The rebranding, budget allocated for major advertising and press releases all take place in quarter four. The public only knows the basics about the rebranding and has no idea a major publicity campaign is about to begin.

The WaBi token is being introduced to a large number of convenience stores across Asia where deals are being negotiated currently to accept WaBi as a form of payment (not just as a discount or to improve shipping terms). This is one of the biggest surprises as once completed the WaBi cryptocurrency will be able to be spent simply across their biggest market demographic.

WaBi’s roadmap positions them with a focus on developed parts of the world where there is the lowest access to quality authentic imported goods. Places like China where counterfeit goods are rampant have been fast to adopt the WaBi coin and Walimai platform.

The WaBi team has been adding new hires and continuing to build out their platform during this extended bear market. The development team has seen 5 new hires added in the last few months. While most cryptocurrencies have been hiding in the shadows of the bear market WaBi has been building at an unprecedented rate.

The last poignant point Alex, the Founder of WaBi made was in regards to my question, “Given the market fluctuations since the ICO how has your coin coped?”

He was very direct in his response. WaBi is up 71% against BTC in the prior year, 8% against the USD, and 158% against ETH compared to their ICO prices. Their focus shifted entirely from publicity and marketing to internal product and core team development. He was also very quick to mention how supportive and active their community is, one of the main reasons WaBi fared so well against other cryptocurrencies. This internal development and platform enhancement is about to pay significant dividends in quarter 4 once the rebranding is complete and the PR campaign goes into full swing.

My final question was regarding the long-term plans for WaBi. I was excited to hear WaBi plans to enter the alcohol products arena as many parts of the world have suffered toxic counterfeit alcohol poisonings. This expansion of products is followed by their expansion to new demographics in different parts of the world.

Many supply chain cryptocurrencies have market caps in excess of 1 billion dollars. WaBi has a working platform, a utilizable token, a quarter four with more exciting news than 99% of cryptocurrencies, a dedicated team, and expansion at an unprecedented rate.

If there was a cryptocurrency that had a significant likelihood of “mooning” in quarter four due to every possible positive factor going their way, it would be WaBi. Look for WaBi to test 50-200% returns in the short term depending on how quickly the traders and investors look ahead to the cryptocurrency calendars.

BNB – Binance Coin

For those that actively trade or even occasionally invest it is obvious to “own” where you trade. The BNB 00 token is the native token of the Binance exchange. By possessing BNB in your account many benefits are provided from lower trading fees to earning a higher percentage of the fees generated by your referrals. If you have any referrals or make any trades it only makes sense to own the required 500 BNB to lower your fees while increasing your referral bonus.

Binance

It was only last week that Singapore announced directly investing in the Binance platform. Financial capitals of the world are taking a keen interest in the largest and most respected cryptocurrency exchange. Binance also announced that in their first week in Uganda they signed up over 40,000 users. Africa being underbanked and needing financial stability will likely turn to cryptocurrencies to combat hyperinflation. Exchanges will capitalize on this with Binance making early moves into the continent. This was not the only positive news for BNB and Binance this week.

Travelbybit is integrating BNB as a payment method across all their platforms and merchants. BNB originally had very little utility beyond the benefits it provided for ‘hodling’ on Binance (lower trading fees and a higher referral bonus). However, the BNB cryptocurrency is pivoting from a coin used solely to benefit Binance traders to one that can be openly transacted and utilized on the same level as the predominant players like BTC. This not only greatly increases the utility of BNB but when utility increases price usually follows soon after.

What about Binance’s fearless leader that seems to maneuver through any regulatory hurdle thrown his way? Changpeng Zhao or more commonly known in the crypto space as “CZ” is one of the most influential individuals in the entire blockchain community. Not only did he manage to build what has been continuously ranked as the #1 exchange by volume in under two years but also actively engages the community, attends conferences, and is exceptionally humble for all he’s accomplished. CZ is hands down one of the most active Founders in the space and his influence is rivaled by almost no one.

Supporting a coin that CZ is the Founder of, is the ‘baby’ of the largest cryptocurrency exchange, has news that regularly adds more utility (can now be used to pay for travel), and provides daily benefits for just HODLING makes BNB a top candidate for accumulation prior to the next bull run.

There will be a flood of new traders to the biggest exchanges when the Altseason begins, at that point it will be too late to buy BNB. The time to accumulate coins that are likely to trend North in the short term is not once Altseason has begun, but prior with enough time to enjoy the gains.

BNB is a cryptocurrency with a market cap over a billion dollars that should easily see 100% returns at the nearest sign of the next bull run.

TRX – TRON

 The cryptocurrency community has been all over the place regarding their feelings about TRON. TRX 00 is a cryptocurrency that like many has been on the hot seat through the bear market. Say what you want about TRX, the reality is their community is one of the most devoted and loyal in crypto. The only more enthusiastic community may be XRP enthusiasts. With TRX regularly being supported by their community regardless of market conditions this cryptocurrency popped onto the radar this week because of their upcoming quarter four news.

TRX plans to release their open-source platform on December 29, 2018. It seems many cryptocurrencies have a feeling the second half of quarter 4 will provide many catalysts. TRX’s open-source platform will provide a revolutionary smart contract and Dapps platform. This is when true utility begins. With their open-source platform going live in the final week of quarter four TRX seems like an acquisition target prior to gem hunters finding this news.

This week on November 1, Coinsuper listed TRX paired against both BTC and ETH. Even with the majority of top exchanges already supporting TRX their team has committed to continued listings. This shows that both the developers are hard at work on their open source platform while the community managers and Founders are focused on reaching out to exchanges and networking.

Directly following quarter four TRX hosts the Nitron Summit January 17 and 18 in San Francisco. TRX is fiscally positioned to be able to host conferences, pay for major exchange listings, fund future development, all through a bear market. If this does not demonstrate dedication in the crypto space, nothing will.

Justin Sun, the Founder of TRON is also one of the more influential individuals in crypto. Having such an influential, well connected, and educated blockchain leader is positive for any cryptocurrency.

TRX has their open source Dapp platform going live before the end of the year, they are hosting a major conference in San Francisco in January and were just listed on Coinsuper. For a ‘safer’ cryptocurrency play TRX seems to have many important catalysts through early January.

Beat BTC Price: Take Your Pick

Cryptocurrency is a risky environment to be trading, gambling, and investing in. However, with enough research, a significant portion of risk can be mitigated. Not every cryptocurrency selected will appreciate as no trader/investor is an oracle.

However, by analyzing almost every coin on Binance thoroughly, I’ve intentionally selected the ones that have the highest probabilities to appreciate in the short term based on upcoming news, their community, market sentiment, their teams, and many other factors.

The highest risk cryptocurrency, which is likely to produce the greatest returns from the cryptocurrencies on this list is WaBi. Their marketing plan coupled with a rebranding, platform expansion, demographic expansion, dedicated team, communicative founders, and major quarter four news provide more catalysts than most can expect.

Look for WaBi to outperform almost every cryptocurrency on Binance in the next few days through the end of December.

Changpeng Zhao Binance

For those looking for a safer ‘blue chip’ option, the cryptocurrency of choice would be BNB. CZ could not be more dedicated or passionate about crypto. Hopefully, more individuals emulate his behavior in the space over the long term. BNB benefits every hodler on Binance and as more traders begin trading again BNB will become highly sought after.

TRX has had the hype train take it on a wild ride. However, quarter four has plenty of reasons that as a cryptocurrency it should appreciate. Hosting conferences and open source platforms built for Dapps is a fantastic start regarding catalysts.

WaBi remains a coin that can likely breach a $100 million market cap providing a 6x for those that accumulate prior to the market cap surpassing $20 million. Given the high-risk high reward nature of crypto, WaBi should be on the “accumulation and research list” for those looking for major quarter four gains.

[Disclaimer: This views expressed in this article do not reflect the views of Bitcoinist and should not be taken as financial advice.]

To read the King’s prior articles, to find out which ICOs he currently recommends, or to get in contact directly with the King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports). The King is the founder of ANON and actively trades cryptocurrencies.


Images courtesy of Shutterstock, Bitcoinist archives

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Říj 21

3 Ways Cryptocurrency Investors Can Adapt to Make Money in 2019

Cryptocurrency investors have endured an unbelievably tumultuous year but in spite of the markets dismal performance, there are still a few strategies investors could employ to make money in a down market.

[Editor’s note: This is a guest op-ed submitted by Julia Magas. The views expressed in this article do not necessarily reflect the views of Bitcoinist and are not intended as financial advice. The given article is an opinion piece for educational purposes only. ] 


2017 was an almost magical time for cryptocurrencies. During this time, one could quite literally throw a bucket of paint at the wall and come up with a Monet. Obviously, this over exaggeration is a euphemism for the euphoria and FOMO (fear of missing out) that drove the cryptocurrency market up to new highs in December 2017 and sadly, those times have long gone.

As cryptocurrency investors approach Q4 of 2018, it can be assumed that after a bearish year almost everyone awaits the arrival of 2019 with crossed fingers and toes. Nearly all of the agreed-upon methods for making money from cryptocurrencies fell flat and unless one shorted the market or executed swing trades with impeccable timing, multiplying one’s funds proved to be something of a challenge throughout 2018.

What Happened to the Crypto-Explosion Everyone Expected in 2018?

Analysts, hedge fund managers and nearly every retail investors on the internet had forecast 2018 to be the year of unbelievable gains. ICOs, mainnet launches, airdrops, cryptocurrency futures, and institutional investment all expected to push the bitcoin’s price above $20,000 and the total market valuation – above $1 to $4 trillion dollars.

While at the time, each of these components combined to form what appeared to be an inevitable rally to new heights but considering that hindsight provides the clearest vision, we can now review each of these categories to see how powerful assumptions can sometimes be misleading.

ICOs Fell Flat

Initial Coin Offerings (ICO) were meant to continue exploding into a nearly trillion dollar market in 2018 and various analysts predicted Ethereum 00 would rise from $1,400 to $3,500 – $4,000. Fast forward to the present and handfuls of ICOs have liquidated their crowdfunding for fiat and the hype and constant media coverage of ICOs nearly ground to a halt.

ICOs were meant to be an easy avenue for maximizing investments, but right at the start of 2018 global regulatory pressure by an assortment of governments and the precipitous decline in ETH prices made this less of a reality. Furthermore, a number of ICOs transitioned from being open investments to only allowing private and accredited investors which effectively cut out the little man.

Altcoin Mainnet Launches Misfired and Airdrops Fizzled Out

Once again, the general consensus dictated that altcoins would diverge from ERC20 standard by launching their own mainnets which would lure other crypto-startups to build on their platforms. This was further underpinned by the belief that altcoin values would skyrocket as numerous partnerships with established companies looking to become a part of the blockchain revolution occurred.

Investors expected to make a hefty profit from the flood of airdrops that would ensue after various altcoins transitioned from Ethereum standard to their own mainnet and while airdrops did occur, the frequency and projected price outcome failed to meet investor expectations.

Futures Placed a Damper on Price Growth and Temporarily Discouraged Institutional Investment

As the 2017 rally culminated in December 2017, the anticipation of CME and CBOE Bitcoin futures propelled the market higher and many investors expected Bitcoin gains to extend from $30,000 to $50,000 per coin. Fast-forward to today and research, along with an array of analysts now suggest that bitcoin futures may have had the opposite effect and bears shorting both bitcoin and ethereum may have actually pushed prices down.

Profits Still Exist, Even in a Down Market

So, since conventional cryptocurrency investing theory proved to be fallible, what options are left for turning a profit in the remainder of 2018 and the start of 2019? This is likely the question on the minds of every cryptocurrency investor.

Fortunately, all is not lost and there may be a guiding light at the end of the tunnel. While bullish price forecasts mostly fell short, adoption and crypto-investment platform expansion are definitely on the rise. From a technical standpoint it appears that the end of the bear market could be in sight and as Bitcoin approaches the end of the current long-term descending wedge, investors and analysts eagerly await a self-imposed deadline for either a strong upside or downside move.

The larger question should be: What if it doesn’t happen?

What if BTC 00 dips below the descending triangle and the entire cryptocurrency market capitalization plummets further?

The partnerships and blockchain adoption will continue. The exchanges will remain open for business. The world will keep on turning and blockchain technology will continue to grow its use cases, but what happens to investors? Or more importantly, how will investors make a buck in worsening market conditions?

Below we discuss three strategies that investors could employ while waiting on a bull market reversal.

Strategy 1: Go Long on Crypto-Startups with Real World Partnerships

Investors may need to re-adjust their expectations and allocate a certain percentage of their portfolio toward long picks. Of course, the cryptocurrency market is fast paced, high risk and possibly better suited to day traders in 2018, but a small selection of coins that one is willing to wait 2 to 5 years on might not be the worst idea.

Given the inherent volatility of cryptocurrency, it’s probably best to select cryptocurrencies that have solid partnerships with established industry players that are more likely to bear fruit over the long term.

Companies like IOTA, Ripple (XRP), GoByte (GBX), IOST and Stellar Lumens (XLM) are likely contenders.

Currently, IOTA has partnerships with Volkswagen, Bosch, Fujitsu and DNB ASA. Ripple (XRP), while contentious among many circles, remains a top 5 cryptocurrency with powerful partnerships and multiple use cases worldwide.

GoByte Network has partnered with iVend and is well positioned for the growing crypto-payments sector. Currently, revenues from e-commerce and mobile payment processing gravitate near $530 billion and the sector is expected to rise to $886 billion by 2021.

IOST develops blockchain infrastructure that serves as a bomb proof solution to the scalability issues commonly faced by Ethereum and Bitcoin. Their blockchain is fully capable of meeting the enterprise level needs that a company like Amazon or AliBaba might need and they have an impressive array of investors and partnerships. At the moment IOST price is possibly the most attractive it’s been since 2017.

Stellar Lumens is quite similar to Ripple (XRP) except for the fact that it is less centralized, has its own exchange and also recently launched a decentralized exchange where each token and ‘tether’ is paired with XLM. Stellar Lumens also has an array of impressive partnerships with IBM, Shift, Deloitte and Stripe to name just a few.

Strategy 2: Take a Break and Let Robots Handle the Trading

Instead of focusing on 50 to 100 percent gains and attempting to time the market, investors could go for the low hanging fruit and let robots do all the hard work. Most cryptocurrencies fluctuate at least 1 to 2 percent daily and trading bots could easily cover this for investors 24-hours a day 7-days a week.

To date, Gekko, Zenbot and Crypto Trader are the most popular, but traders could also have a look at some of the newcomers like Cryptohopper, Gunbot, and Haasbot.

Strategy 3: Run a Masternode to Maximize Returns while Accumulating Extra Coins

Instead of investing one’s full attention to trading, investors could also consider operating a node as this provides the opportunity to earn passive income in the form of extra coins, while also remaining positioned to benefit from the price appreciation of staked coins.

While operating a masternode tends to require a hefty initial investment, operators are rewarded with block rewards (tokens) of whichever cryptocurrency network they are supporting. Most operators are compensated with 5 to 20 percent of a block reward and these ‘rewards’ are meant to help compensate operators for the cost of running the node.

Here’s a look at what is expected of the top three digital currencies for the remainder of 2018, to help you make an informed trading decision.

While operating a node in 2017 required a treasure trove of capital, this year’s bear market has significantly reduced the cost and the opportunity to earn passive income on a cryptocurrency investment is worth considering. Node operators can hodl, exchange or sell their block rewards on any number of cryptocurrency exchanges and GoByte (GBX) is currently one of the most affordable cryptocurrency to operate a masternode.

GoByte CEO, Hisyam Nasir believes that operating a masternode has multiple advantages, even when run during a bear market. Nasir points out that “Printing coins allows operators to save on cost and this could potentially be more effective than just hodling.”

Nasir also explained that,

running a node is great in a bear market, because you are printing new coins to offset downturns in price. This is much more effective than hodling depreciating coins that don’t offer rewards.”

While there are are list of great cryptocurrencies that one could take a stake in, GoByte already has a firm foothold in e-commerce and mobile payments. Not to mention, the sector is slated to grow to represent 46% of the global e-commerce market by 2021 and a recent report found that 40% of survey participants with some cryptocurrency awareness would be content to use it for everyday purchases.

While nothing is a given, it is relatively sensible to surmise that as more vendors accept crypto-payments, GoByte token (GBX) will appreciate in value, thus making the operation of a masternode extremely lucrative.

Currently, the cost of operating a GoByte masternode is a one-time investment of 1,001 GBX and potential investors can visit https://masternodes.online/currencies/GBX/ to learn more about the process. At the time of writing, the cost is roughly $890.00 and hosting is merely $1.21 to $5.00 per month.

Smart Investors will be Ready for 2019 with a Multi-Level Investment Plan

2018 has been an incredibly rough year for cryptocurrency and unless one shorted the market it’s hard to argue against that observation. While the world’s top analysts are dead set in their belief that cryptocurrency prices will moon in 2019, nothing is a given and 2018 taught plenty of investors of the dangers of making cryptocurrency assumptions.

Investors and traders, whether long or short, need to have a multi-pronged strategy and the strategies mentioned in this article could be a fantastic starting point. Investors must retain a long vision for this nascent sector.

Blockchain adoption and partnerships between crypto-startups and established international companies are on the rise. Centralized exchanges are nearly finished completed investment platforms and services that have already attracted some of the biggest institutional investors. Meanwhile, decentralized exchanges are also popping up left and right and this new wave of peer-to-peer commerce is likely to draw in more retail investors looking to exchange and use their cryptocurrencies.

Going long on some crypto-startups that have these promising partnerships should be a step every investor considers. Furthermore, new technologies that can handle the more tedious parts of trading are readily and freely available so don’t be afraid to let the robots take over!

Also don’t forget that the e-commerce and payments sector is bound to continue growing, and as this occurs revenues from e-commerce and mobile payment processing are expected to rise significantly. Surely the wisest short and long-term move for investors would be to ensure they can catch this wave by investing in a node as this is proven to provide passive income while also allowing operators to benefit from the price appreciation of staked coins.

History has shown that the early bird nearly always gets the worm and with cryptocurrency valuations near 2018 lows this might be the best time to deploy well thought out investment strategies.  

What are your thoughts on these strategies? Share below!


Images courtesy of Shutterstock

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Binance Invests in Malta-based Blockchain Esports Company

· June 6, 2018 · 10:00 pm

Binance, the cryptocurrency exchange behemoth has invested in Malta-based chiliZ, a blockchain esports company. ChiliZ revealed the news via a blog post on May 5. This move represents Binance’s first significant investment in Malta since announcing its intention to transfer its operations to the Mediterranean Island country.


Binance Teams up with chiliZ

According to the blog post, both Binance and chiliZ recognize the immense opportunities in the $110 billion video game industry. The cryptocurrency exchange wants to team up with the eSports company to bring blockchain technology to the gaming industry. With cryptocurrency and gaming appealing largely to the same user demographic, a melding of interests and strategies between the two companies could facilitate faster blockchain and cryptocurrency adoption within the gaming industry.

The monetary value of Binance’s investment in chiliZ is unknown, but the eSports company has already raised more than $27 million in a private funding round. Commenting on the investment deal, chiliZ CEO, Alexandre Dreyfus said:

Binance’s significant investment in chiliZ will boost our current private placement offering and help us to move faster. Their support will help us deliver our vision globally, increase our visibility in the blockchain ecosystem and empower our technical vision.

Apart from the monetary investment, Binance also plans to partner with chiliZ to tokenize the eSports ecosystem. Trading of virtual assets is already a mainstay of the video gaming world. By leveraging cryptocurrency and blockchain technology, stakeholders can monetize the industry. Commenting on the benefits of such a partnership, Binance CEO, Changpeng Zhao said:

chiliZ is a creative way to embrace blockchain technology, aimed at building tools and services for mainstream adoption in industries that have a massive global growth rate. We are thrilled to support the team behind the project, and to help make them a success.

BNB Continues its 2018 Streak

Binance Coin (BNB) remains the best performing token of 2018. BNB prices are up almost 100 percent since the start of the year. At press time, BNB tokens were trading at $16.33 which represents a nine percent gain over the last 24-hour period. The weekly and monthly gains posted by BNB so far stand at 32 percent and 17 percent respectively. The 17th ranked cryptocurrency according to market capitalization figures reached its highest price valuation of $24 in mid-January 2018.

Binance Coin Charts

Malta Set to Pass Ground-breaking Cryptocurrency Laws

In a related development, the Maltese government has drafted a set of laws to guide the operations of cryptocurrency companies in the country. Announcing the news, Silvio Schembri, the Digital Economy Parliamentary Secretary said Malta was setting a precedent for the rest of the world to follow.

According to Schembri, the provisions in the draft provide the necessary framework for the monitoring and regulation of the country’s burgeoning cryptocurrency industry. He dismissed claims of the government tacitly trying to encourage money laundering under the guise of cryptocurrency commerce. Schembri said the requirements in Malta’s cryptocurrency laws were even stricter than the EU’s anti-money laundering regulations.

The law isn’t without its critics as opposition MP Kristy Debono found fault with the composition of the Malta Digital Innovation Agency (MDIA) board. The MDIA is the body responsible for overseeing the country’s emerging cryptocurrency industry. According to Debono, the MDIA should have cryptocurrency operators as members rather than nominees exclusively handpicked by the Prime Minister. Debono believes that without adequate representation from the cryptocurrency community in the running of the MDIA, the Maltese cryptocurrency economy will suffer the same disrepute as other sectors.

What are your thoughts about Binance teaming up with chiliZ? Will the new government regulations in Malta attract more cryptocurrency and blockchain investment into the country? Keep the conversation going in the comment section below.


Images courtesy of chiliZ.io, CoinMarketCap

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John McAfee Says the Cryptocurrency Bull Rally is Near

· May 22, 2018 · 9:00 pm

John McAfee believes the march of the cryptocurrency bulls is at hand. The renowned tech activist and internet security expert has added his voice to the growing crypto institutional investment narrative.


Prices Will Go Through the Roof

In a tweet on Monday, McAfee urged traders to gear up for the next crypto price rally. He based his assertions on the influx of cash from institutional investors trooping into the market.

He also said that with the money flowing into cryptocurrencies, prices of the top ten coins will increase dramatically. McAfee also believes that other altcoins will experience growth as investors diversify their cryptocurrency trading portfolios.

When challenged on Twitter as to the veracity of his claims, McAfee gave no basis for his declaration. Instead, the controversial crypto proponent told responders to “use their heads,” “check recent news on institutional investors,” and “apply reason.” Safe to say, this is another one of McAfee’s bold assertions, much like his famous 2017 prediction that “Bitcoin will be 500k in the year 2020.”

The Emerging Trend of Institutional Cryptocurrency Investment

While McAfee did not provide any backing for his claims, there is some merit to his position regarding the flurry of institutional interest in cryptos that have made the news in recent times. A few days ago, Coinbase launched four new products targeted at institutional cryptocurrency investors. Goldman Sachs is also making plans to open Bitcoin trading to large investors as well.

Bitcoin

The overarching consensus is that the crypto market is maturing after a parabolic growth spurt in 2017 which saw prices hit record highs. Since the start of 2018, the market has declined in value, dropping 50 percent of its market cap in February. According to an April survey conducted by Fundstrat, 82 percent of institutional investor believe Bitcoin bottomed out when it fell below $6,000 in April.

The entry of hedge funds into the crypto market should increase the perceived level of legitimacy of cryptocurrencies. One important part of the emerging trend of institutional investment in digital currency is the establishment of trusted custodial services. In the past few months, there has been some progress on this front with a significant announcement by Nomura during the recently concluded Consensus conference in New York.

Do you agree with John McAfee’s assertions of an impending crypto price boom? Which altcoins do you think will dominate the market? Let us know your thoughts in the comment section below.


Images courtesy of Twitter/@officialmcafee, Flickr, and Shutterstock.

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3 Altcoins to Outperform Bitcoin For The Week of May 5

· May 5, 2018 · 5:00 pm

To title this week dramatic in the cryptocurrency space would be an understatement. BTC has seen a price surge with renewed interest from big names like Goldman Sachs while altcoins have major events on the horizon. This is a very exciting period for altcoins like BTC, ZCL, ENJ, and DGB.


What a Week It Has Been, What a Week It Will Be 

The cryptocurrency markets have finally broken out of a multi-month bear slump in brute force. BTC is up more than 50% from recent lows with altcoins trading significantly higher. With positive momentum in the cryptocurrency markets, teams from across the world are announcing major cryptocurrency projects, deadlines are being hit, and milestones are being reached.

Bitcoin price

The bearish markets in the past week have begun to seem increasingly bullish with a major forking announcement from ZClassic; a security break-through for DigiByte, and the Unite world tour for Enjin.

BTC- Goldman Sachs Futures Trading and Possible Trading Desk

The most important name in cryptocurrency trading at $9,952 per coin with a market cap of $170 billion is Bitcoin. This week has been exciting and the near future should also be exuberant as Bitcoin bulls have retaken the reigns and it once again is pressing the $10,000 mark. BTC was trading as low as $6,000 during this recent bear raid and looks to have built significant momentum heading into May.

There are a few main reasons BTC has once again accelerated forward in value: renewed interest from the world’s wealthiest via OTC (over the counter deals) and trading platforms/operations opening up to institutional investors such as Goldman Sachs.

So Long, All-Time Highs? Goldman Sachs Says Crypto Peaks Have Been And Gone

Goldman Sachs announced earlier this week they would begin futures trading of BTC and also were considering a trading desk. This was confirmed on Thursday, May 3, 2018, with the likely pursuit of similar operations by other Wall Street Banks. As more money pours into the cryptocurrency space BTC will obviously be the first big winner with institutional money likely trickling off to other altcoins as well.

A recent announcement by the Anonymous Bitcoin team revealed that BTC and ZCL will both be receiving a forked coin on September 10, 2018. Allowing those that enjoy the BTC bull run to have a nice ‘dividend’ at the end of summer.

ZCL – A Real Forking Announcement (FUD, Upcoming Announcements)

ZClassic (ZCL) is trading at $21.50 with a market cap of $83.6 million. This past week a new dev team announced on CNBC they would be forking ZCL with BTC, creating Anonymous Bitcoin. This was the first televised fork announcement by a major broadcaster like CNBC. The technology behind Anonymous Bitcoin WILL include zkSNARKs anonymity features plus masternode staking ability.

ZCL – A Big Forking Announcement (Anonymous Bitcoin)

This would allow individuals to be incentivized to hold their Anonymous Bitcoin vs actively trade it. This fork was officially announced April 28, 2018. ZCL quickly rose to over $40 before conflicting news was announced by prior ZCL dev teams regarding the inauthenticity of the fork.

The Anonymous Bitcoin team has defended their position and remained completely transparent regarding their methods for forking ZCL while being present and doing interviews at the last two cryptocurrency conventions in Miami and Los Angeles.

The Anonymous Bitcoin lead developer, Sam Abbassi, proudly has a speaking engagement coming up at MIT (Massachusetts Institute of Technology). The Founder of the project, Jake Greenbaum, will be going to Consensus to continue to network, interview, and share the philosophy behind why forks create better technology at little to no cost to the crypto community. The Anonymous Bitcoin team is not hiding behind the veil of a fork but instead attempting to create a new cryptocurrency with a vibrant community behind it.

In the months leading up to ZCL’s prior fork, ZCL was trading as high as $220 per coin with a market cap of almost $700 million. Currently, ZCL is trading under $22 with new advisors to be announced in the near future, the executive summary to be released in the next week, and the white paper to be released by June 1st. At a bare minimum, the next few weeks will be exciting to watch the charts of ZCL.

Enjin Unite Tokyo: May 7-9; Unite Beijing May 11-13 

Enjin (“ENJ”) is currently on the “conference tour” at Unity events. For those that are not big gamers or developers “Unity” may not be a familiar term. Unity is a cross-platform game engine that is used to develop video games for all consoles and mobile devices. The unity platform now includes over 15 platforms and hosts major conferences regarding gaming, app development, and technology all over the world.

This week is important for ENJ because they are speaking and having booths at Unity’s event in Tokyo and next week’s event in Beijing. ENJ is attempting to integrate its currency into multiple gaming platforms and where better to demonstrate their capabilities than at Unite Tokyo and Unite Beijing?

ENJ currently is trading at $.17 with a market cap of $127 million. If ENJ’s presentations and exposure in Asia is viewed positively this numbers should trend upward. As an altcoin ENJ is well suited to enter the gaming market as they are already partnered with Unity for “True in Game Ownership of Digital Assets.” Having a partner like Unity while being on their conference tour should provide ENJ the perfect amount of momentum to build their user base and continue to excel as a cryptocurrency. 

DigiByte (DGB) – Blockchain Based Open Authentication Protocol Service May 11

One of the biggest concerns of individuals actively participating in the cryptocurrency space is the possibility of being hacked. Managing a handful of passwords that conceal what could amount to thousands of dollars is a frightening prospect. May 11, 2018, maybe a revolutionary day for passwords and that irritating 2FA authentication.

A highly secure, DigiByte blockchain-base open authentication protocol service is claiming it can be used to replace usernames, passwords, and even 2FA. If this is correct this will relieve much of the irritation associated with logging into an exchange or accessing a wallet. However, if a hack occurs their entire platform could come crumbling down.

DGB is trading at $0.048 with a market cap of $492 million. DGB was trading over $0.12 January 7, 2018. With one of their biggest developments to date being released May 11, this should be a very exciting week for DGB. The price of DGB will gauge the market’s reaction. DGB’s focus is their security, “by putting security first, our decisions help make sure that transactions, mining, and the blockchain distribution are as decentralized as possible.

DGB blocks occur on the network every 15 seconds making DGB the fastest UTXO blockchain in the world.” DGB has focused on security and speed and this week releases their authentication protocol that very well may revolutionize how passwords and usernames are used as a means of verification.

Bulls Retaking the Reigns 

This has been an exciting week for many as their portfolios have risen nicely and major projects have started back up in the crypto space. Summer should be a period where enthusiasm is rebuilt and the BTC train begins to build major momentum again. With such excitement on the horizon, it is important to look at coins this week like BTC, ZCL, DGB, and ENJ.

[Full disclosure: Jakethecryptoking has a stake in and is the founder of Anonymous Bitcoin. To get in contact directly with the Crypto King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports)]

Do you agree with this week’s picks? Share your thoughts below.


Images courtesy of Shutterstock

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