Coinmarketcap newcomers review: Westeros in crypto?

Coinmarketcap newcomers review: Westeros in crypto? 

Today is not the best day for the market, yet we still have several projects added to coinmarketcap. Let’s take a quick look at them. Maybe we will find a new gem? 

Before we go any further I want to remind you this article is not a financial advice, I’m not a financial advisor of any kind. The article was created for solely entertainment purpose.  

Bitcoin Private (BTCP) 

On coinmarketcap | Website 

Another hard fork of bitcoin. This time it is aimed at adding more privacy. This case is somewhat unique, whereby ZCL and BTC will be co-forked into Bitcoin Private (BTCP). It is always difficult to predict destiny of bitcoin hard forks. We’ve already seen too many of them, and many more are coming. Here is a short analysis:  

•   24 hours volume is only $231 917. Coin can be traded only a single exchange Trade Satoshi. No significant price movements so far. 
• Twitter is active and has 47k followers. Developers claim to have negotiations with Kucoin, HitBTC and Cobinhood. The best way to not be listed is to tell everyone you will be, but let’s see how it goes. 
• Website is ok. Nothing special but has all required information. 
• Telegram group has only 10k members. No active discussion on the project itself. 
• Bitcointalk has 69 pages of discussion. So it seems the project has received some attention.  

All in all the project seems to be a solid hard fork of bitcoin. It doesn’t looks like average scam. It is difficult to predict the price, but the coin will be added to several exchanges. This alone can cause positive price movements, but you need to expect people dumping it as everyone received it for free.

Tokenomy (TEN) 

On coinmarketcap | Website

Tokenomy's primary offering is a crypto-to-crypto exchange, focusing markets in Southeast Asia. In addition, Tokenomy is a one-stop tokenization platform that allows anyone to create, sell, and trade their tokens on exchange. From first look idea seems normal, but realization will not be easy. There are a lot of competitors with working products. Here is a short analysis:  

• It has a good 24 hours volume of $2 474 070 even added to a single exchange Bitcoin Indonesia. It is promising to see such a volume on a tiny exchange. 
• Twitter has only 3k followers and is not very active. 
• Website is not good. Little information and still main item is token sale. 
• Telegram has less than 2k followers in English group. It seems the project is not getting much attention so far. 
• It has a good rating on icobench – 4.1. It seems ICO was successful and raised 893 BTC & 9675 ETH. 
• On bitcointalk the project has only 4 pages of discussion. No airdrops, but according to bitcointalk bounty thread 11m token (and it is 10%!) were distributed (or being distributed to participants)

Platforms are always useful. If the project will be able to gain some movement at home (Indonesia) it can potentially spread in Asia, but as I said there are too many competitors already. Without a good exchange we can’t expect a good price movement. Also a 10% bounty campaign can cause the price to dump (which may be good if you grab it on bottom). 

Ravencoin (RVN) 

On coinmarketcap | Website 

Another hard fork of bitcoin. As always developers say it will be useful. Ravencoin aims to implement a blockchain which is optimized specifically for the use case of transferring assets such as tokens from one holder to another. The name taken from fictional world of Westeros (Game of thrones).

•   Tiny 24 hours volume of $230 802. Added to a no-name exchange CryptoBridge.  
• Twitter poorly managed and has only 4k followers. 
• Website is just a place to show link to whitepaper.  
• Telegram is only 3k members. 
• Has a 130 page discussion on bitcointalk. A big part is about mining which is good for the project. 

Just another hard fork. Has some attentions from miners. I don’t see any potential in the nearest future. 

TE-FOOD (TFD) 

On coinmarketcap | Website 

Another project that wants to enable farm-to-table food traceability. It has a working product though and 21 years of business experience in the field. A good idea, large market, valuable to people. Let’s take a look.  

• $343 125 as 24h volume. Can be found only on IDEX. So IDEX this volume is good. 
• Twitter is well managed, but has only 7k followers. 
• Website is good. Gives a good description of the projects, shows a solid number of partners, has all required links. 
• Telegram has 13k members, which is rather good for this project. It also has some media attention which should help the project to grow. 
• Has a solid rating on ICOBench – 4.1. Successfully reached hard cap of $19 million. 
• Only 14 pages on Bitcointalk, but discussion is quite positive. Had a bounty with healthy 2% of tokens. I believe tokens are already distributed. 

All in all, the project seems solid and definitely worth attention. It has a good idea and a working project. Marketing is ok, the project has some attention. The only problem is exchange listing. If the token will make it to a solid exchange the price will go up. I would look to grab if bounty participants will start dropping coins. Definitely the best project of the day. 

ShipChain (SHIP) 

On coinmarketcap | Website

The ShipChain platform unifies shipment tracking on the Ethereum blockchain, using a sidechain to track individual encrypted geographic waypoints across each smart contract. I don’t think this idea is new, but still it is a good use of blockchain technology. Let’s take a look: 

• Tiny volume $69 486 and is available only on Idex. 
• Don’t like how twitter is managed. Has 8k followers.  
• Website is average in all means. 
• Telegram group is large and has 35k members. It seems they were brought here by airdrop, which required KYC! Wonder how many actually got their coins. 
• Successfully raised $30m on ICO 
• Has 15 pages on Bitcointalk. A lot people complaining about KYC for airdrop. Had a bounty with 1,5m tokens. Not sure how much of circulating supply was given on airdrop and bounty. 

Interesting project. It raised enough money to get listed on exchanges like Kucoin. If it will hit a major exchange the price can rise. It is difficult to predict how free token will affect the price. I would set and order to -50% if it hits a good exchange.  

Disclaimer 

I’m not a financial of any kind. I encourage you to check all information yourself and make decision only based on your own opinion. All articles are created for solely entertainment purpose. 

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