Cryptocurrency is on fire once again. The total marketcap for the entire cryptocurrency had just passed the $160 bn mark. The amount of hot money and more mainstream investors are rushing into the digital currency space after weeks of mega Bitcoin bull trend.
UPDATES : XVG stormed past the 2nd target. ICN and ADRD still soft and rocky. BNB and CDT moving slower move upward.
The total cryptocurrency valuation has increased 120% from $73 bn to $161 bn today (29 August 2017).
The exponential jump was largely driven by demand from Asian markets. The growing numbers of ICOs have reached records proportions of funds being injected into altcoins economy. The ICO crazed is currently mainly generated by Chinese investors.
Meanwhile, Korean exchanges have been instrumental in getting more funds into major altcoins such as DASH, Litecoin, Ethereum and Monero. These major altcoins are trading at the new record high or near to the all time high levels.
With the current momentum and burgeoning interest in the crypto market, now would be the best time to spot the next coins to pump?
There are many coins that I personally feel are undervalued. With over 900 coins traded around hundreds of exchanges, spotting one possible gem could be a big challenge.
And, I set some basic criteria as the yardstick to find the next possible winners.
1 – I would filter out small coins with market cap below $1 million, or coins that offer little or no information on google or other social media sites.
2 – The coin must be a viable project with strong devs and management team. Furthermore, a thriving and active community to support the coin.
3 – The price of the coin is still trading low in comparison to its potential. This could be subjective in the matter of each perceived the potential.
4 – The technical chart is supporting some sort of bullish or reversal trend.
From deeper research and analyses, I found there are quite a lot of possible coins with huge potential in the midst of a breakout.
It would really hard to state which particular coin is better than the other, as well as which has better chance to burst. I think it is better to pick five best ones if any one of the coin’s price made the break through, we would still make a good return.
Why should we invest into vaguer digital coins? Wouldn’t it better to invest in Bitcoin or Ethereum?
Bitcoin price is already high at the current level, it would take months or years to increased double or triple. Altcoins offer a greater chance to make 2x, 5x or even 10x returns in the short/medium term. For example, if you bought Bitcoin price in March, the price was $1200, today the price is $4000, that’s ROI of 203%, pretty darn good. But what if you had bought Litecoin instead? The ROI would be 1150%.
I am impressed you made it so far in this post. Really sorry for the long winded ‘intro’.
Here are five coins that I predict could be on the way up or in the middle of a breakout. There might not be 1000% return, but should be a good investment for the short or medium term.
And I am not a finacial adviser, this site or this post is not a financial advisor. I am just a regular trader and strong interest on cryptocurrency. I spend excessive time on trading and reading everything about Bitcoin and cryptocurrency.
In no particular other, here are the coins with the best chance to pump in August and September:
Iconomi (ICN), CoinDash (CDT), Binance Coin (BNB), Verge (XVG) and Ardor (ARDR).
Read on for more details,
Project info: The ICONOMI Digital Assets Management Platform is a new and unique technical service that allows anyone from beginners to blockchain experts to invest in and manage digital assets. It is some sort of fund management portfolio into digital currencies.
Current Market cap: $204,888,431
Circulating Supply: 86,900,350 ICN
Current price: $2.36
7-day price trend: -35%
Iconomi is a solid project with professional management team. Their digital investment return seems very impressive. The ICN/XBT price last traded 0.00051511 BTC or equivalent to $2.36, the lowest since May.
The price lingering inside the bearish line, but I would expect the price pulling back very soon. ICN listed on more than 10 exchanges. The biggest is Kraken. The daily aggregate trading volume is quite big with over $2 million.
Check on the chart for my personal target prices.
Buy Iconomi LCN coin with Bitcoin at Livecoin.
Project info: Coindash is new blockchain project that focus on cryptocurrency portfolio management app, social trading and marketplace.
Current Market cap: $51,027,058
Circulating Supply: 550,083,414 CDT
Current price: $0.092762
7-day price trend: -27%
This little-known coin is actually quite solid. They just finished their ICOo back in July. The development had been progressing well. The new beta version of its investment app was just released. They also announced upcoming integration and joint dev cooperation with @NEO_Blockchain. They also set up a new office for expansion in China. Coindash’s current partners include CryptoCompare and RSK Labs, WINGS, ethere.camp and HyperChain Capital.
— CoinDash.io (@coindashio) August 26, 2017
Some of the reasons for its low-profile presence is they are only listed in a handful of smaller exchanges. They also listed in coinmarketcap site a few days ago. It is already has a market cap of $50 million now. So, I think this coin could boom soon once everyone taking notice and more exchanges listing this coin. I don’t set the price target, I consider CoinDash as a medium range investment.
Buy Coin DASH CDT coin at Mercatox.
Binance Coin (BNB)
Project info: The Binance Coin is an Ethereum-based token that allows users to receive a discount for any fees on the Binance platform, a pure cryptocurrency exchange that plans to create a decentralized exchange for blockchain assets. BNB also gives users access to special features and will be used to power the upcoming decentralized exchange.
Current Market cap: $208,518,000
Circulating Supply: 100,000,000 BNB
Current price: $2.09
7-day price trend: -16%
Binance is one of the fastest growing cryptocurrency exchange at the moment. The BNB token can be used to pay the transaction fee. It has some nice coins listed on its exchange such as NEO. Monaco as well Iconomi. The Binance charges a 0.1% trading fee which is lowest than most exchange now. This China-based exchange aims for the global market which can open up more traders outside of China buying into Chinese-based altcoins. The price has been gradually trading higher but has been on downward trend since 21 Aug. The flat horizontal sideways of BNB price is generally a bullish signal for me. i believe the price has strong tendency to tick up soon. And I am fairly bullish on BNB for September. They are also aim to add more coins and ICO project to be listed in the exchange.
Binance’s 45 Days Report pic.twitter.com/vrjudvWLlo
— binance (@binance_2017) August 29, 2017
Buy Binance BNB coin with Bitcoin at Binance exchange.
Project info: Verge is a scrypt based alternative crypto currency trying to take the popularity of both Dogecoin and Bitcoin and combine it with the anonymous features of DASH.
Current Market cap: $48,380,437
Circulating Supply: 13,409,472,280 XVG
Current price: $0.003608 / 0.00000079 BTC
7-day price trend: +72%
The Verge project has been around for quite a while now. The team and community are very active. The dev has rolling out upgrade and new features on the blockchain network. The price made a major reversal trend. The u-turn swing could mark the beginning of a new bullish trend. I had been tapping on XVG since June. I think the price could made a move in immediate term.
UPDATES : XVG smashed the second target
— online biz (@onlinetraderbiz) August 31, 2017
Buy Verge XVG coin with BTC at Cryptopia.
Cheapest way to buy Verge XVG coin with Euro at Litebit.
Ardor is a Blockchain-as-a-Service (BaaS) Platform that will allow users to create their own child chains with specific settings for asset issuance. Ardor is the evolution of the NXT blockchain and offers many advantages over its predecessor, both in functionality and in scalability.
ARDR, the Main Chain tokens are the backbone of the platform, they will be used maintain the blockchain and forge tokens from tx fees, which is the equivalent of Mining in the NXT Proof of Stake (PoS) protocol.
Current Market cap: $140,254,534
Circulating Supply: 998,999,495 ARDR
Current price: $0.140395
7-day price trend: +9%
ARDR essentially offers dapp build on its network, similar to Ethereum. It claimed to be more scalability superior to other Blockchain-as-a-Service platforms. One of the main innovations of Ardor is the idea to separate the transactions that don’t affect security from those that do. ICO project could be launched on ARDR network within days.
— Coinist (@Coinist_io) August 28, 2017
One of the oldest sustainable blockchain project (from NXT team). The ARDR price has been struggled for past three smonths . The trend is similar to XVG and looks set to pull back from 0.00003000. The price surge towards 0.00006000 could signals fresh bull pattern. The current market is supporting positive run anytime.
Buy Ardor ARDR coin with credit card at Changelly.