I have researched most of the solid ETH tokens and only 2 stand out:
- PPT (Populous)
- VERI (Veritaseum)
I think what people need to look for are self-sustainable financial projects that somehow involve the "big money", because that is how we can make money in my opinion.
So while many ETH tokens are interesting and have their own niche, there will only be a handful that will really get big, while the others will just tag along. Sort of like the "Dogecoins of ETH", while Dogecoin has it's own niche, it really didn't became anything serious, while ETH and other coins did grew very big.
I have identified 2 ETH tokens that are really valuable in my view, one is PPT, which I would not buy right now since it already went up a lot, it seems like it's in a bubble right now. Plus I don't know how viable the lending market is, I mean things like BTCJam are full of scammer borrowers who default on the loan the second you give it to them. And PPT is like that, it has massive counterparty risk and I don't know how they will deal with scammers who will not pay. Plus according to CoinGecko the ICO ends in 1 week, Aug 15, and we know from experience that the price usually crashes hard after the ICO.
So I would not buy PPT right now, it's a good token, but it has many issues, and a big crash is coming soon in my view.
But VERI on he other hand looks absolutely amazing. VERI just had a correction lately, so the price is super cheap right now in my view, so I think it can really go up pretty soon once the clouds go away. I mean you'd want to buy when the price is low, so I think this is the time.
Veritaseum
Veritaseum is an amazing project lead by Reggie Middleton a very friendly but also professional finance guy from Wallstreet. I think his track record speaks for itself, so his reputation alone already gives massive value to this token.
The thing I really like is that Reggie does a Q&A session on Youtube almost every week or sometimes even more a week, where he answers everyone's questions. Now this you don't see anywhere else, most project leaders hardly interact with their community, they do like a Q&A every 6 months or so, which is fine if they want to focus on their product, but Reggie outdoes himself and it looks like he is fully committed to his project and the community.
So this is a massive bonus reputation-wise to this project.
Veritaseum is basically a software project that will link up the Buy Side of financial markets ( Hedge Funds, Mutual Funds , Pension Funds, Private Equities...) with the Veritaseum platform if I understand it correctly, and the VERI token will be the fuel.
It basically saves costs to the traders and investors in this field, setting the maximum fee rate to about 5%, while also providing a stable platform for those kind of markets. This is very low fee in this sector, not to mention the safety and stability that this platform will provide is really worth the cost, so large fund managers will definitely like it.
Reggie is looking to get multiple 100,000,000$ deals / day if everything goes smoothly, so I don't have to mention what kind of effect will this have on the price of VERI. I Think he has a lot of connections in the finance world so this is nothing incredible, I think it can easily be accomplished.
It already has a market cap of 300 million $, if this happens, the market cap could even reach 300 billion $ in my view very soon.
I think this is the hottest ETH token right now, and Clif High a famous Cryptocurrency Youtuber also has huge expectations from this coin, he even interviewed Reggie recently, so check out the interview here:
VERI is hotter than than a volcano right now and an eruption could happen at any moment. So if you want to participate you can grab some VERI tokens here:
GET VERI HERE!
Disclaimer: The information provided on this page or blog post might be incorrect, inaccurate or incomplete. I am not responsible if you lose money or other valuables using the information on this page or blog post! This page or blog post is not an investment advice, just my opinion and analysis for educational or entertainment purposes.
Sources:
https://pixabay.com
