Topic: Most interesting cryptocurrencies of the week (Read 250 times)

So far ! The most interesting cryptocurrency that introduce to the public is the Helbiz Token (HBZ). Many bounty hunters and airdrop participants earn a big amount of money when this token is finally unlock and listed on an exchange but many investors are discourage of the dumping of this token in a short period of time only.
Note : This only my opinion based on my observations.

From me, the most interesting cryptocurrency for the week is bitcoin because at this time the whole market is dependent upon bitcoin as it's in a very volatile position at this time so it’s the most interesting currency for everyone at this time.

For me, most interesting cryptocurrency for the week is bitcoin because at this time the whole market is dependent upon bitcoin as its in a very volatile position at this time so it’s the most interesting currency for everyone at this time.

I meant, do not comment about cryptocurrencies that I was suggesting to buy a couple of months ago. This is a weekly thread for short term trades. Any comment is very appreciated, but references to trades of months ago are useless.

there are a couple of recent ICOs that have been wrecked by the bear market. Currently the ones that stand out include the likes of MAN, FSN, PHR, WAN to mention but a few

So what do you want to know from other member if not comparing between the altcoin that you share here?
With comparing, we will know the advantage and the disadvantage of any each coin above. However, short trader is not suitable for all person so please be aware and be careful

Is it the end of Bitcoin and cryptocurrencies? First of all, let’s find out the reason why this question is very popular nowadays.

Bitcoin: from $20,000, in December 2017, to $7,000.
Ethereum: from $1,450, in January 2018, to $380.
Ripple: from $3.90, in January 2018, to $0.50.
Bitcoin cash: from $4,400, in December 2017, to $660.
Litecoin: from $380, in December 2017, to $120.

These are only the first 5 cryptocurrencies ordered by market cap. It’s obvious that there is a strong downtrend since the beginning of 2018.
So is it the end of Bitcoin and cryptocurrencies? I can only share my point of view: NO!

We always talk about investing in cryptocurrencies, most of people don’t even know what they can be used for, how, why. Any of these cryptocurrencies has a team behind that is working to develop a technology that can be useful for people. We are talking about a new technology, which can improve people’s lives.

How many people have an iPhone or a Mac?
Let's talk about Apple’s stock price between 1995 and 1996. The price went from $1.54 to $0.57 (-63%) in less than one year. Today’s price is $166.

Have you ever bought something on Amazon? It’s very convenient, isn’t it?
If you check the chart of Amazon’s stock price between August and November 2008, you will find that the price went from $88 to $35 (-60%) in 3 months.

Do we really need to talk about the dot-com bubble? 🙂

I have received a few messages during last weeks. I can summarize them with: “all the cryptos are going down, how are you handling this situation? Are you not worried?”.
When you invest in a cryptocurrency (I’m not talking about trading), you invest in the company behind it. As I say in my course, you perform a due-diligence of the company, studying the project, the founder, the team, the development through the years etc.
You are not alone in this boat. If you lose your investment, the company loses its project.
I lost 22% of my investments in cryptocurrencies since January 2018. I’m not happy about it, but I’m glad that this crisis is removing all the “take-the-money-fast-and-run” from the market. At the end, I believe it will be just like the stock market. You buy a share of the company that you believe in, that you share the same vision with. If you keep thinking of cryptocurrencies like gambling, you will panic even after seeing -10%. If you take time to think about it and start to see cryptocurrencies like an investment in the company, an investment in a new technology, an investment in something that can be the future, you will live this crisis much better.

Let’s also talk about the technologies that they are developing. Right now the technology is rudimentary, many teams are working on solving problems and they are finding solutions every month. I started to use internet in 2000, I was 10. Do you remember the sound of dial-up modem?
It is funny to hear it now, 18 years after I started to use the internet. How many things have changed? How the technology improved? How many people were skeptical about that technology at the beginning?

So if you ask me “is this the end of Bitcoin and cryptocurrencies?”, I tell you: “this is just the beginning”.

Ready for a new week? Let’s see the results of our super altcoins that we chose last week.

Bitcoin Cash. Nothing really changed for this altcoin. From a few dollars over $1,000 to a few dollars under $1,000. Today’s performance is very good and I decided to keep my trade a bit longer.
Ethereum. I can’t count how many investors I have seen panicking on the online forums! Ethereum went from $698 to $460 in less than a week! I have had many messages about this, not only for the weekly trading, but also because many students have a long-term investment on Ethereum (including me!). I confirm what I said: if you don’t believe in Ethereum, you don’t believe in cryptocurrencies at all! Almost all the new altcoins are based on Ethereum platform. I’m sure that this altcoin will be alive for a long time and I’m not really worried about its future. As I said to some traders, I wanted to buy more at $400, but the price went to $460 and then started to recover the losses. Today’s price is $550, with an astounding +16.26%.
Neo. I suggested to take Neo around $80, the price went below $80 and it is currently at $69, but there is a very strong uptrend at the moment that is pushing the altcoin again towards $80 area.
Aragon. This cryptocurrency had a nice start, going to $3.60 during the first day. Then the terrible week affected Aragon as well and today’s price is $2.81.
Lumen. Same trend for this altcoin. A nice start, followed by a crash and now recovering very fast.
Another very hard week, I lost almost 3% of my account. It can happen in any financial market, especially if you usually trade indices or stocks of a particular industry. As I wrote in last article, it is important to minimize the losses and maximize the profits. I’m ready to take the most off my trades if the market changes direction.

The altcoins for this week are:

1. Bitcoin Cash (BCH)
Once again, Bitcoin Cash! The price is more or less the same I suggested last week, this time it is coming from a very strong uptrend.

2. Zcash (ZEC)
Zcash is another popular choice among investors. This week, I have decided to take it for three main reasons:

- The demand is increasing a lot on the major exchanges;
- It has one of the best performances for today;
- Investors were pushing it towards $1,000 at the beginning of the year, now we have the chance to add this solid altcoin (#25 market cap) to our portfolio for less than $250.
 
3. Aeon (AEON)
The potential of this altcoin is huge! Last week we had the chance to buy it at $1.58, so $2.15 might look a bit expensive. I suggest to wait for a price around $2 and buy it.

4. GameCredits (GAME)
This is the second time that I propose this altcoin. Last time, we had a nice profit and the price was $2.23. This time we have the chance to take it for $1.35.
 
5. NewEconomyMovement (XEM)
XEM costs just $0.29, but don’t be fooled by this! It’s not the latest cryptocurrency launched by a small company. It is going to celebrate 3 years on the market next month and currently is in the top 15 cryptocurrencies ordered by market capitalization!
 

This week has started very well for the cryptocurrency market, let’s see if the trend continues!

I’m only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you can’t afford to lose.

Good luck!

I prefer DASH and Cardano rather than Dynamic Diamond and NewEconomyMovement, although their development isn't as good as Neo ripple and Litecoin. The potential is very profitable way to invest especially long-term investment because their future is still very long.

Sorry for the late reply.
You need to consider that there is more than what the company can offer. The project is something very important, but it's not everything.
Let's compare Nokia and Apple. They both have top qualified engineers and super geniuses to work on their products, I'm pretty sure that Nokia can do 80% of things at the same high standards, but Apple sells a lot better and at a higher price. Why? You can say that they have a better marketing campaign or a better design or something else. We can agree that when an average person needs to buy a new mobile phone, many times the choice is between Apple and Samsung. I'm one of these people. I'm not an expert about mobile phones and if you ask me why not Nokia or Huawei or HTC, I can't tell you exactly why because I don't even know what's different between these brands, I only associate Apple to a high quality mobile phone.
Cryptocurrency market, like any other financial market, is driven by supply and demand. The demand is made by people who want to buy a certain cryptocurrency. Now you might be an expert on that, but an average investor probably doesn't even know about the existence of Bruzelle. It is likely that they will invest their money in Bitcoin or Ethereum or Ripple, because they associate those names to strong cryptocurrencies.
So if the project is great, well, that's a good start, but it's not only about that.

Good luck though

I think there have better coins than your altcoins, because it is only known coins that what you say. I don't say that they are bad, do not get me wrong. But, it's wrong to talk to other altcoins while there have ETH, LTC.

Bluzelle (BLZ) - I haven't bought it yet, but I am thinking of buying some and I'm asking your opinion.

Bluzelle is a decentralized, on-demand, immutable and scalable database service for dApps. It's very interesting because Bluzelle will have an MVP (Minimum Viable Product) in April this year. They have partnerships with 0x, Zilliqa.

Bluzelle makes data fields small and organized in structure and there is an option to manipulate that data: create, read, update, and delete. That's why it's not in competition with the file storage coin like Storj, Filecoin, Sia.

Well, NEM (XEM) has been so much devastated in the price that it obviously starts now to become interesting. As for the other coins, some of them I've never heard about them, and others like ADA seem to me very expensive...

It’s time again to analyze our last trades and see if we can find other interesting altcoins on the market!

Bitcoin Cash. Bought at $1,272, it closed the week almost at $1,300. Not a huge profit, but still a good choice.
Dash. Nothing really changed for this cryptocurrency during last week. It seems that it is following Bitcoin’s performances.
Decred. From $77 to $80, almost +4%.
Diamond. From $12.97 to $13.65, another good altcoin that gave us a small profit. Today, Diamond is facing huge losses, -14% at the moment. This gives us the opportunity to take Diamond this week again at a discounted price.
Nexus. This is what I wrote a week ago: “The total volume of buy offers around the current price is impressive!”. After two days, Nexus passed from $1.77 to $5.18, +193%!

PS: I “only” got +172% because I decided to quit the investment before it reached its peak.

Yesterday, I was analyzing new opportunities on the market and it was quite clear to me that many cryptocurrencies were overpriced. This is the reason I decided to publish the article on Tuesday (and not Monday). At the moment, this choice is proving to be right because there are just a few altcoins that are increasing their value.

Let’s see this week’s choices:

1. Dash (DASH)
As mentioned above, altcoins lost value at the beginning of the week and so we have the opportunity to take some of them at a discounted price. I’m choosing Dash again, this time at $578.

2. Zcash (ZEC)
Zcash is in a short-term downtrend, but the demand is high around $370-$380 and I believe that this will be enough to invert the negative trend.

3. OmiseGO (OMG)
This is a very strong cryptocurrency and a popular choice for many investors. It is in a good trend, but it’s been one of the worst altcoins for last week. I believe that it was just a correction of the market and OmiseGO price will start to go up again.

4. Diamond (DMD)
Today’s performance is terrible for Diamond, but it gives us the chance to take again this coin at a very tempting price. On top of that, the psychological barrier of 100,000 satoshis is near and represents a good support.

5. GameCredits (GAME)
The reason I choose this coin is the same that led me to choose Nexus last week: the volume around the current price is impressive. $2.23 is the current price and is increasing very fast.

Another good week! Small profits with most of our choices and a very nice and huge profit with Nexus. I leave you with my usual recommendation: remember that I’m only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you can’t afford to lose.

Good luck!

Original article here: http://quoraforexquestions.com/interesting-altcoins-week-05-mar-11-mar/

Cardano is definitely a high potential coin, I'd advise people to get in on it right now before it explodes like Ethereum did.

It's like Ethereum, but improved, allowing the production of decentralized applications that actually have utility, unlike Ethereum currently.

I analyze demand and offer week by week to try to get the most promising altcoins in the short-term (days or weeks).
I agree that some altcoins are very good for long term investments, but, for the purpose of this thread, if I see that it is not convenient to take that cryptocurrency for that week, I just wait for a better price and/or better conditions.

I've just had Nexus +179%. After analyzing it again, I took my profits because the conditions and the price changed and it doesn't look convenient to me now. Even if I thought that it is a good long term investment (but I don't think so), for the purpose of this thread I wouldn't keep it, I would wait for a better price and/or conditions to insert Nexus again in my top 5 list.

Good list you have but where is XMR and LTC, those coin also have interesting price moving ( for invest not trade ), slowly but sure. Most people will agree with your list specially about DASH and XEM, look's good for long term investment. I only get from DASH but this March I'll start with XEM and I hope will created income for me.

Nexus +179% 

I don’t follow the price of altcoins, but from your list, I didn't know about several currencies "Diamond, Dynamic and  NewEconomyMovement"
maybe the best alts from your list are "Dash and Cardano"
My Top 5 altcoins are:
1. ETH: King of tokens and best alt of bitcoin with $85,395,232,108 Market cup.
2. Litecoin: silver Cryptocurrency with $11,612,224,908 Market cup.
3. Monero: Future Cryptocurrency with $4,639,500,401 Market cup.
4. Bitcoincash 5. Ripple

It's a shame that I can't post pictures, but I will try my best to make it clear
I have published an article about Ripple more than one month ago, I'm going to take it and consider the current price and value of Ripple to answer.

Is Ripple a good investment? I can’t say yes or no, because there are too many factors to analyze and what could be a good answer today, could be a very bad one tomorrow, because the scenario changes everyday.
In my Udemy course, Cryptocurrency Investment 2018: Invest in Bitcoin & Altcoins, I give some criteria to understand the value of an altcoin. I’m going to report them here and analyze Ripple (XRP) specifically.

The altcoin must be present in many major Exchanges.
Ripple is quoted on Bittrex, Poloniex, Cex.io, Binance and many others. From this point of view, Ripple is a very good investment.

The altcoin must have a valid project.
Ripple’s goal is to change entirely the structure of payments, especially international payments. They take too long, you pay a fee for transferring money and you pay a fee for the foreign exchange rate. This is what you can read on the White Paper: "Today, payment networks are siloed. Correspondent banking connects networks through a series of intermediary banks and central counterparties. Each intermediary adds cost, obstructs visibility and creates a potential point of delay or failure."
The developers of Ripple believe that payments should move like information moves on the web today: globally, securely, instantly, freely.
The project looks good, Ripple Network is very fast and a payment takes around 5 seconds to be processed.
You can read all the details about it on Ripple’s website: ripple.com.

The altcoin must be sustained by a trustworthy company and competent developers.
Maybe not everyone knows that Ripple is a company that was already active in the Financial industry, even before the creation of the cryptocurrency. It serves several banks, including the $60 billion Spanish banking giant BBVA. In addition, at the beginning of 2018, MoneyGram also integrated Ripple’s altcoin (XRP) into its payment system. Developers know what they are doing.

An active team in the community is another signal that the project is moving forward. Trust me, the team is VERY active! I have added Ripple and some team members on Twitter and they share info and reply to questions every day.

The scarcity of an altcoin can also contribute to the growth of the price.
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public’s hands.
So it is very easy, Ripple has a circulating supply of 39 billion, this means that currently there are 39 billion Ripple in the world.
When it comes to total supply, we need to make a differentiation between total supply and max supply.
Max Supply is the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
Total Supply is the total amount of coins in existence. So it is the maximum amount of coins that can be supplied minus any coins that have been verifiably burned. The most common way to burn coins is when you send Ripple to a Bitcoin address or any other address that doesn’t support Ripple.
In any Financial market, the price is made by supply and demand. The demand for Ripple is represented by people who want to buy it. The supply is represented by people who want to sell AND by the creation of new coins.
Ripple has reached almost two-fifths of the total supply, there’s still a huge amount of new coins (around 60 billion) that will be supplied in the next years, so the demand needs to grow in order to sustain the growth of the price.

Looking at these 5 criteria, I would say that Ripple is not a bad investment. But wait, is there something that I’m missing? Of course there is! We also need to consider the most important factor: the price.

Let’s have a look at Ripple’s price at the beginning of each year:

2013 = $0.0058
2014 = $0.0277
2015 = $0.0242
2016 = $0.0062
2017 = $0.0065
2018 = $2.30
Today (28/02/2018) = $0.91

It is easy to see that there has been one fundamental year for Ripple: 2017. Let’s have a look at the growth year by year:

2013 = +378%
2014 = -13%
2015 = -74%
2016 = +5%
2017 = +35,285%
2018 = -60%

I think that more than one person became rich in 2017 with Ripple, but you can see that 2018 has started off on the wrong foot. Is it going to be like this for the rest of the year? Is there a chance that the price will go up and form a new high? It is hard to say.



If you open Ripple price chart on coinmarketcap, you can see that investors started to be interested in this cryptocurrency only in the middle of 2017. It is a relatively new market and it is hard to say if the price will continue to fall or it will increase and form a new high during the 2018.

So… is it a good investment?
Consider 2 different scenarios: the price goes up and the price goes down.
If the price goes up, the best scenario I can think of is that it reaches $10 during 2018. I can’t imagine a higher price for Ripple.
If the price continues to go down, it may reach the $0.15-$0.30 range that has characterized two-thirds of 2017.

In the first scenario, from $0.91 to $10, it is +999%.
In the second scenario, from $0.91 to $0.25, it is -72%.

The potential reward looks amazing, but the potential risk is also very high. We are talking about a cryptocurrency, after all.
What I suggest is to apply the first rule of any investment: diversify your portfolio. In this way, your risk to lose all your money will be lower.
Let’s suppose that you invest in Ripple only 10% of your total balance.

In the first scenario, from $0.91 to $10, investing 10% of your total balance, you get +100%.
In the second scenario, from $0.91 to $0.25, investing 10% of your total balance, you get -7.2%.

This looks much better. You keep the same ratio between profit and loss, but you are not risking to lose all your money.

Hope it helps