Investing Smart – Picking the low hanging fruit.
While everybody is chasing the heights and the green, I am hoarding the cheap stuff in prevision of the next altcoin spring.
Hi there investors, today we’re looking at some altcoin projects that have the potential to become the hot markets of tomorrow.
Let’s get down to it.
EOS.
Good ol’, controversial EOS aka the ETHEREUM KILLER, aka the insta-flip token thanks to its ICO model which makes it possible for trading bots to arbitrage the sh*t out of the token by flipping ICO tokens bought slightly under market value.
Nevertheless, I’ve talked about EOS in the past and still consider it to be a great long-term play despite all the craziness surrounding the ICO. Fundamentally, the technology looks very solid and could very well outclass Ethereum at release.
From a technical point of view, you can clearly see the effect of intense, bot driven arbitrage on the chart with the price being continually bearish and struggling to reach a floor.
My strategy: accumulating and cost averaging down.
ETP.
Entropy (ETP) is the coin that powers the Metaverse, a Shanghai-based digital asset management & smart economy project similar in concept to NEO but without GAS.
This coin has been trading since the beginning of June and just got recently added to Bitfinex. So far, the market has been one long, continuous dump, the value of 1 ETP going from $6 to a paltry $1.21 at the time of writing which is fair enough since the tokens cost ICO investors under $0.05.
What I like about the project:
Chinese coins are all the rage at the moment and have huge upside potential because of the sheer size of the Chinese market;
the project is low profile for now and looks like it has hit accumulation on the chart which makes it a great buy;
smart contracts are soon coming to their platform;
Michael from Boxmining did an interview with Eric Gu, the founder of the Metaverse, a while ago I recommend you check it out. You can also consult their Medium blog for more information on this project.
My strategy: accumulating and being patient.
CFI.
Crypto’s best kept secret. Simply put, Cofound.it is a new form of venture capital which
connects you to teams that have trained to become serious blockchain businesses.
Cofound.it have a very professional and active community of crypto investors centered around their Slack channel. Holding a minimum of 5k CFI in your wallet will allow you to become a Priority Pass (PP) member with exclusive access to ICOs, Seed projects, pre-sales and bonuses.
Their latest ICO, Maecenas, attracted many investors, among them the crypto-focused VC Pantera Capital, and was a textbook example of how to conduct an ICO smoothly.
The Cofound.it token (CFI) is currently taking a beating in the market (particularly against BTC) and has dropped below its ICO value but that might just be your chance to scoop up 5k CFI tokens for cheap to become a PP member and join the adventure.
My strategy: CFI is definitely a long term play, HODL!
Honorable Mention: 0x.
0x (pronounce Zero-EX) is a protocol for Ethereum smart contracts allowing ERC-20 tokens to be exchanged programmatically and without friction across the network.
Technically, the coin (ZRX) might be on the verge of a reversal and looks like an interesting buy but one would have to manage size so to cost average down in case it dips lower.
Fundamentally, I consider 0x a riskier investment than the projects above because this one is going against some equally ambitious projects such as Bancor, Kyber Network and particularly Shape Shift with their soon to be released Prism.
That's it for my investment list folks, I hope it allowed you to discover new projects. Remember the key to a successful investment is to do your research, to come early and to be patient, fortune will reward those who can control their emotions.
Before you go, I'd like to know which projects are on your investment watchlist?
and...
As always, follow, re-steem and upvote if you like what you see
Cheers!
#cryptocurrency #bitcoin #ethereum #steem
Dan @tradealert
Thanks @tradealert! :)
@scalerman, did you get your fill of ETP before the pump?
Hey @tradealert..it went up I see! Good job pumping it! (kidding) :) I better start paying more attention I guess. At least my BTC and ETH are doing good! 🎯
Haha, nice job mate, BTC is on a tear indeed,
go check out my latest article if you need sell targets :)
https://steemit.com/cryptocurrency/@tradealert/bitcoin-breakout-when-should-you-take-profit-metaverse-the-new-neo
You're welcome @scalerman