2018: Cryptocurrencies, mainstream adoption and network effects
Cryptocurrency is a unique industry, nothing like the world has ever seen. A mix of product, service and hype creating demand for multiple assets leading to your ROI tripling overnight. Cryptocurrencies are the wild wild west of the financial world that is slowly becoming the norm of any investment portfolio — but how do you pick the right cryptocurrency that’s going to offer an above-odds return for 2018?
Whether it be that you’re assessing a Technical Analysis or mainstream press, the real cryptocurrencies that are going to offer significant gains, are those that provide network effects like no-other; the ones where the community understand the vision and loves the idea. The real reason why Bitcoin leads the pack is that it has the most people involved, the most wallet addresses generated and the most believers who feel passionate about its long-term goal.
Network effects lead to mainstream adoption; this leads to an exciting return on your investment. I’ve handpicked four cryptocurrencies that I believe will gain mainstream approval and increase their network effects substantially over the next 12-months, generating more holders and wallet addresses than ever before. So in no particular order here they are:
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NEO
NEO was developed by Shanghai-based blockchain R&D company “OnChain”. Onchain. In 2016, Onchain was listed in the Top 50 Fintech Company in China by KPMG. NEO offers an exciting opportunity, and its network is increasing day-by-day. NEO’s Reddit/Twitter network is expanding by a minimum 4% per week and is an attractive offering as it offers an alternative for non-Ethereum investors.
The Ethereum blockchain is still running a POW mechanism. A lot of crypto-enthusiasts have a do-or-die mentality when it comes to either NEO and ETH, which is foolish in my opinion. In the future I think they’ll both co-exist, but I believe NEO will offer a far more exciting return than Ethereum for 2018. $75bn market cap (at present) for Ethereum, I believe that there is no problem why NEO can’t reach a similar rate of adoption and market coverage that Ethereum gained in 2017. Offering a 15–20x return over the next 12-months.
Find out more about NEO and whether it's the right Blockchain for you:
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ICN
ICONOMI (the ERC-20 token; ICN) launched its ICO in September 2016, and since have created a working platform that allows any user (subject to country regulation) to purchase a Digital Asset Array (DAA), which is; a mutual fund made up of cryptocurrencies, an instant diverse portfolio from the click of one button. They are offering an exciting list of funds that enable any user to instantly diversify into multiple assets without the need for exchanges and various wallets.
ICONOMI’s recent monthly update showcased that they are close to reaching the $150M mark for assets under management with 38,265 users joining the ICONOMI platform from over 161 countries around the world in the past 6-months. I must stress that this is with ZERO marketing. ICONOMI is not short on capital, and we'll see mass adoption hit the ICONOMI platform over the next 12-months. Personally, I'm very ambitious and expect more than $2bn AUM by the end of 2018; given the rate of adoption and referral scheme, which will act similar to Binance. Just remember, community driven engagement is stronger than ever and a referral scheme does exactly this.
The network effects and the buyback incentive that comes with ICONOMI creates an exact win-win scenario for those holding ICN as the rate of adoption increases, exciting times are genuinely ahead. The ICONOMI Platform will grow, and so will ICN token holders and wallets, creating upward buying pressure with the team’s buyback programme.
To learn more about the future of ICONOMI and it's token; ICN, check out these articles:
- Why I Back The Cryptocurrency: ICONOMI
- ICONOMI’s flagship fund; BLX reaches a staggering 47.41% monthly return
- ICONOMI is heading for a $1bn company valuation and preparing for 150 employees in 2018, that’s 30 short of Coinbase
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REQ
The Request Network offers a PayPal-like solution for Crypto. Creating a request and send payment solution for buyers and sellers. Online payments being a vital driver for users and enabling a “Pay with Request” button, an alternative to the traditional “Pay with Paypal” and “Pay with credit card” solutions. Tackling the battles with Merchants.
When paying close attention to Request, you can see that it’s social visibility is increasing dramatically in comparison to its project size, catapulting from 7.5k to almost 15k Reddit subscribers in a week, making it a top 500 growing subreddit for the last day, the previous week and month. With plenty to come out early 2018, it’ll offer a very exciting return in (what I think will be) a reasonably short-term timeframe.
I have a strong outlook on financial tokens/platforms, etc. I believe that Blockchain's initial real-world acceptance will be accompanied by FinTech adjusting to this new tech. I see anything that offers, assets management, buys and sells as true use-cases that will remain in Blockchain.
To learn more about REQ:
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ZRX
0x (ZRX) is an open, permission-less protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. If you back the Ethereum ecosystem, then ZRX is something that you should back along with it.
The Ethereum blockchain is an open, borderless financial system that represents a wide variety of assets as cryptographic tokens. In the future, most digital assets and goods will be tokenised. This requires constant communication between crypto-assets, and ZRX looks to solve this issue. For Ethereum to expand and lead the way, it needs a networking blockchain for the assets to work with each other.
ZRX is entering its infancy, and a lot is to come. However I strongly recommend getting mixed within its community, visiting their website and learning more about this project, whether you like or not, I believe this will be one of the best projects that offer an high-reward yield in 2018.
Each project above offers an exciting return and have a strong blockchain need in this industry and are beginning to receive the recognition they deserve. I have offered community links with sources and invite you to research each of these projects independently. So you can assess the projects and make your own mind up, curating your own thoughts and ideas, as only then can you make a financial move.
This is NOT financial advice. Thanks for listening to my meandering thoughts.