Every week, I decided to update the different cryptocurrencies I own and would like to ask you which one do you believe in the most in your respective wallet.
This is the second weekly: "What cryptos do You own?"
As I work in finance, Stock Markets polls are very useful for fund managers to understand what investors own because they currently like it and what they do not.
Usually, in the Stock Market, it is not very good to own a stock that everybody owns; it means that most investors bought it already and therefore, future demand will be low.
Whereas understanding which one are underowned is very useful in case a positive news is released on the stock. Since a few investors own it, they will rush to buy some and the price will increase significantly.
My current portfolio and reasons why I own these cryptos:
• Ripple (XRP): Signed most of the TOP50 banks and is runned very profesionnaly. It is working with Chinese partners on many projects. The lock-up of the rest of the supply should be in October-November 2017 and I would expect this news could be a positive catalyst. Ripple was up +50% last week, I sold some around $0,30 and bought the same amount at $0,24-$0,25
• Eosio (EOS): I believe in Dan Larimer; he already developped 2 great projects (Steem and Bitshare) and as the Co-founder of Steemit on @SGTReport said about Dan larimer and its EOS ICO: “The people who say that there is no product yet, Dan has built 2 of them if they think he’s not gonna build the 3rd one, they’re crazy. This is the one he always wanted. The other 2 were just helping him get there”. September is an important month, many conferences are taking place in London or Shanghai; EOS will be presenting.
• Ethereum (ETH): In my opinion, it has been the most exciting project in cryptos so far. This project has been copied and inspired many other hot cryptos (NEO, EOS...), the Hardfork combined with the Plasma update could give it a boost. It is performing very well but I converted a little bit of ETH to EOS.
• Augur (REP): I just like the prediction market project even if it seems it could be delayed (due to their programming issues moving from Serpent to Solidity language). The migration and development seem to progress very fast. They recruited a front-end developer 10 days ago.
• Ethereum Classic (ETC): I recently added it as I think it is undervalued, dapps and other projects are using it as the Ethereum network is getting crowded. In addition, from a Technical Analysis point of view, the coin seems to be in a positive trend and if we had some good news, it could pump.
This was my portfolio August, 20th :
What cryptos do YOU own? – August, 20th
Comment, Resteem or Upvote so we can all discuss on what you think of cryptos.
Please remember this is my personal opinion and not a financial/investment advice. You need to do your own research to make your own decision. Investing in cryptocurrencies can lead to financial losses.