April was a tremendous month for the global cryptocurrency market as it rose from a marketcap of $263.85B on April 1st to a marketcap of $409.39B on April 30th. Yes, that’s a 55% rise. It seems the bears have been sent back into hibernation and the bulls are now able to roam free. While we aren’t expecting a swift rise to the $828.54B marketcap the community happily embraced in early January, we do expect increasing daily volumes, higher highs and higher lows for many of your favorite cryptocurrencies in the weeks and months to come.
We at SAvant Public Relations have compiled a quick cheat sheet of cryptocurrencies we are particularly bullish on for long term holds. The following article is not considered investment advice. As always, we ask our readers to remain diligent and “do your own research” when looking for coins/tokens to invest in.
Origin Trail ($TRAC)
Current Trading Price: $0.173393
Trading Markets: KuCoin, Idex, HitBTC
SAvant Analysis: It should be no surprise Origin Trail tops our list of long term holds. The platform aims to disrupt the supply chain industry by offering authentic, scalable and cost-efficient data to be shared amongst others on the Origin Trail Decentralized Network. The blockchain layer of the network allows for other blockchains (think Vechain, Waltonchain and Wabi) to efficiently interact with each other to connect different types of supply chain based data. Consumers of Origin Trail labeled products will be able to easily identify where their product originated from and each step it took to reach its final destination.
This May, Origin Trail will release detailed information on the Trace Alliance, an ecosystem of businesses using the Origin Trail platform to increase the value and efficiency of their business. According to the Origin Trail team, “over 120 interested companies have received implementation instructions and started exploring integration possibilities”. Origin Trail CMO, Maja Voje has also announced there will be multiple partnerships announced in conjunction with the opening of the Trace Alliance website. The Origin Trail test network should be launching sometime in June while the main network will launch at a time TBD in Q3 2018.
Apex ($CPX)
Current Trading Price: $0.268060
Trading Market: Switcheo Market
SAvant Analysis: The way consumer data is handled in today’s digital age is evolving at a rapid pace. Following the Facebook and Cambridge Analytica scandal, users are slowly but surely becoming more concerned with how their personal data, interests and online tendencies are managed and handled by third party groups. The Apex team has designed a decentralized platform which allows each user to monetize and take control of his/her data while also building trust with outside businesses looking to use their data.
In addition to strong support from the NEO/Onchain team, Apex has listed partnerships with Microsoft Azure, Amazon Web Services (China), Alibaba Cloud, and Oracle Marketing Cloud. With these partnerships, Apex has been given unique ecommerce user data in exchange for deploying parts of their system onto the various cloud platforms.
As a word of advice for readers that plan to invest in Apex, we only recommend using the decentralized Switcheo Market. Lbank is another exchange that currently trades Apex but has had a large number of user complaints in a short period of time.
Power Ledger ($POWR)
Current Trading Price: $0.531155
Trading Markets: Binance, Bittrex, Huobi
SAvant Analysis: The peer-to-peer marketplace for renewable energy has a place on our long term hold list as we are bullish on the concept, team and revealed partnerships. The (simply put) description of Power Ledger is individuals inside of a community will be able to trade their unused power to other individuals in that same community in exchange for payments in real-time.
Recently, the Australian based Power Ledger team announced Japan’s second largest electric company (Kansai Electric Power Company) would be trialing POWR’s renewable energy trading in select areas in Osaka City. The real world utility of Power Ledger is sure to boost the coin’s performance in the global marketplace. Additionally, Power Ledger was named a finalist in Sir Richard Branson’s Extreme Tech Challenge and will be presenting the platform in front of the tech industry’s biggest names on Necker Island this October.
Editor's note: As we finished writing this, Power Ledger announced a partnership with Northwestern University to trade clean energy around its campuses. This is the first commercial deployment for Power Ledger in the United States.
Ethereum ($ETH)
Current Trading Price: $648.95
Trading Markets: Coinbase, Binance, Bittrex
SAvant Analysis: We know exactly what you’re thinking….Ethereum?! The number two marketcap cryptocurrency (and platform for seemingly everything) is still a gem at this price as development and adoption of the platform will not be slowing down anytime soon. Ethereum reached a high of $1,389.18 this past January and should easily hit the $1,000.00 milestone in the weeks and months to come.
Ethereum Co-Founder Vitalik Buterin has recently teased the community with “Sharding” which will increase the quantity of transactions per second on the Ethereum network. In addition, Ethereum continues to be the most popular platform for launching ICO’s (using ERC-20 tokens) and has a massive number of other entrepreneurs building infrastructure and applications for a more decentralized globe (ConsenSys would be the best example here). Fill up your portfolio with ETH as soon as possible while the price is still right!
For more in-depth analysis and information, be sure to check out the SAvant Public Relations twitter account: @SAvant__PR