6/27 ANDY HOFFMAN (CryptoGoldCentral.com): Bitcoin Rhodium – Endless Near-Term Price Catalysts

Yesterday, Bitcoin showed us what it can do on the upside AND downside. Nothing new to long-term holders - emphasizing exactly what cryptocurrency is, and what it takes to invest in it.

Altcoins are no different, but what drives them is not just Bitcoin; though of course, the altcoin sector, as a whole, has an enormous directional correlation with BTC - which is great, as it’s amidst a raging bull market.

Unlike the late 2017/early 2018 bubble – I mean, bull market – investors will be far more discerning this time around; as if one thing was learned, it was that all altcoins are not created equal; and frankly, few have any material long-term potential.

Throw in the fact that 2019’s crypto investment community is much more educated; featuring much bigger, more sophisticated investors (and institutions); and you can see why the handful of coins with viable, defensible use cases have the opportunity for extraordinary gains, whilst those exposed as pump and dumps will be significantly devalued.

I have spent my career identifying small, undervalued asset in the energy, mining, and now, crypto spaces – including Bitcoin in January 2016, when its price was $425 and market cap $5 billion. For each gem, I’ve come across dozens of iron pyrite’s - and nowhere is this more apparent than crypto.

Three and a half years later, I STILL believe more than 95% of altcoins are useless, with little hope of every being valuable – but for the remaining 5%, see better opportunities for extraordinary gains than anything I’ve come across. One, of course, being Bitcoin Rhodium – which I have followed, cultivated, and invested in from its December 2017 launch, as a FREE airdrop to Bitcoin holders.

In dozens of articles, I have discussed its journey from launching at that end of the 2016-17 bull market; to building strong, broad mining and investment communities; and a strong unique blockchain operating at a near-record hash rate, 37,000+ blocks strong. It’s too early to speak of the 2022 halving – but if we’re talking about catalysts, consider what halving the mining reward of an already scarce asset, from 2.5/block to 1.25, will mean.

That said, the topic is NEAR-TERM catalysts; which, aside from the giant pink elephant in the room - the HUGE Bitcoin surge that has created $100 billion of crypto wealth in a matter of weeks; is as long for Bitcoin Rhodium as anything in crypto.

For one, per numerous articles I have written about its dramatically expanded and broadened mining communities, we yesterday saw a “rogue miner” taken completely out of his position. In just a month’s time, he aggressively bid up Nice Hash prices to mine more than half of all supply – 5,745 XRC total; in the process, drawing competition from others who made him pay dearly for it. Absorbing more than 1% of the entire available-for-sale float is quite an accomplishment, but it is now done!

Second, we have the most important of all issues, Coinmarketcap.com market cap ranking – which apparently, is on the verge of occurring. Clearly, crypto investors have little regard for coins not “ranked” by CMC – which is why XRC gets little respect, despite the fact its $15 million market cap (the way I expect CMC will define it) would rank it at roughly #260 of 2,290, were its “circulating supply” updated.

Once XRC’s anonymous devs were FINALLY informed by CMC that they would only get this distinction when one of its exchanges (six so far) is endorsed by CMC’s DATA alliance (22 participating), they made it their TOP PRIORITY. Thus, aside from my faith that they will list on such an exchange sooner rather than later, there is a strong possibility that one or more of their current exchanges – p2pb2p, WhiteBit, Trade Satoshi, FatBTC, Sistemkoin, or Bisq – will announce they met DATA’s API requirements before its June 14th deadline.

Neither CMC nor DATA has yet made a formal announcement of who complied – but undoubtedly, many exchanges have; and p2pb2b, where XRC currently does most of its trading, has indicated, in emails and on Telegram, that it was working hard at making this happen.

Next, there’s the matter of Trezor hardware wallet support – which Bitcoin Rhodium already has for the Model T, care of a minor firmware fix that effected only the T, a few weeks ago. Few realize it occurred, but all will see when Trezor issues its now long-awaited comprehensive firmware update – in which, the more commonly used Trezor One will be included. When it imminently occurs, XRC will be one of only 40 non-ERC20 tokens supported by Trezor - and FYI, Bitcoin Rhodium’s devs are nearly done with code changes that will enable it to be incorporated by Ledger, too.

Speaking of Trezor, we have our next catalyst - this quarter’s “Strong Hands” wallet snapshot, on July 7th. Each quarter, 1/32 of the 250,000 XRC Strong Hands escrow is paid to XRC addresses where no negative balance movements occur, as a reward for “BRODLing.” The second quarter of the program – which yielded 5.7% annually in its first quarter – is coming to an end; and balances as of July 7th will be rewarded with the next Strong Hands reward a quarter hence.

Normally, the snapshot would be July 1st, but the devs incorporated a seven-day “grace period” to move balances without penalty, between July 1st and 7th, in anticipation of Trezor’s firmware update. It hasn’t happened yet – but if it does next quarter, there will presumably be another grace period in early October. Either way, if you were considering a position in Bitcoin Rhodium – particularly, a big one, yielding big Strong Hands dividends - the best time to acquire it is just before a quarterly Strong Hands snapshot; in this case, July 7th.

If you’re looking for a quality altcoin with HUGE upside potential, and essentially no downside potential, there is no better place to look than Bitcoin Rhodium – and if NEAR-TERM price catalysts are one of your investment criteria, I challenge you to find another altcoin with as many as XRC!

Bitcoin Rhodium currently trades on p2pbp2.io, WhiteBit, Trade Satoshi, Fat BTC, Sistemkoin and Bisq. If you have questions about anything XRC-related, including OTC trading, please email me at [email protected], or DM/PM me on Twitter or Discord.