Let's recap some of the current trades shortly. It looks like there was a small correction in the cryptomarkets on coimarketcap. While many coins were devastated, Edgeless is still rising:
Incredible, almost all coins took a hit, including Synereo. While Edgeless is still going strong. Damn I wish I had bought more earlier, but I think there is plenty of time left so I will probably just buy more Edgeless.
Edgeless still didn't got it's casino license, so this is still just anticipation, but when it will, because I think it will, then sky is the limit, the price will skyrocket then in my view.
Why? Because Edgeless will be licensed in Curacao not in the US which is very a horrible environment for businesses, they turned down the Bitcoin ETF, so that sucks. But places like Curacao are perfect offshore countries for businesses.
Also it looks like the Lounge system is about to come out soon, I don't quite fully understand it yet, so for now just keeping the EDG in the wallets is a good idea, but later on, it looks like people can participate in the lottery which will reward people from the casino profits. I am not sure if it will be automated or not, so I am not commenting on this yet:
Synereo
On the other hand Synereo took a smaller hit of 11%, which is really nothing in this world. If you were a stock trader you would scream for a 11% loss, but here in the crypto world, I had even a 50% loss which bounced back into a 1000% gain, so it's really not big deal.
In fact I think this is the last chance to get into Synereo at a discount, because it looks like the BETA software will come out on June 30th, only 5 days left, so this is like a God-sent gift to people who want to get into it, because after June 30, the price could literally skyrocket to 200,000 satoshi if all goes well.
I mean Synereo is extremely undervalued in my opinion, but people can't see this because there is no product yet. So once the product comes out, people will realize this, it's an awesome project.
Steemit
Well Steem is stagnating at the moment, although I am sure the userbase is growing, has nice stats on this, so follow him for daily updates.
Also I am hearing complaints about Poloniex and Bittrex reportedly not processing Steem transactions. Well that could be bad, so that could be an explanation why Steem is stagnating.
However I also think Steem's price went up just massively, I mean I made like 1000% profit, so of course no market can go up forever, there has to be some pause, perhaps a correction a some point.
I also think this is the time when people can grow their audiences, like I got basically 100 followers in a few days. I think even though the price is stagnating, you can grow your blog in the meantime, so your rewards will always stay sharp.
Markets
You can just checkout the above mentioned coin markets here:
- https://coinmarketcap.com/currencies/steem/#markets
- https://coinmarketcap.com/assets/edgeless/#markets
- https://coinmarketcap.com/assets/synereo/#markets
Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational or entertainment purposes.
Sources:
https://pixabay.com
https://coinmarketcap.com/