Based on my newsletter from last week, switching over to Ethereum from Bitcoin would have been a wise move this week. Ethereum definitely have recovered faster than Bitcoin and fell less.
Those of you guys that are still holding a lot of Bitcoin as a staple to your portfolio. That’s ok. My belief in Bitcoin has not changed and my long term wealth building strategy is still in Bitcoin.
Short term however it is looking like Ethereum is extremely strong and posed for 2018. Those of you guys that are still trying to get to the 50/25/25 or 40/40/20, it would be wise to start loading up on Ethereum instead.
And for those of you guys that want to switch completely from Bitcoin to Ethereum, I feel like that’s ok too.
VeChain (VEN) and Telcoin (TEL)
My last two unofficial picks yet recommendations are still in play. VeChain is slightly down and Telcoin is about even from when I discussed them.
VeChain is definitely one of those coins set to dominate 2018 and I see them as a long time hold. They are set to disrupt the supply chain market in a big way.
Although Telcoin is early, I love the way they are approaching distribution problem by working with the carriers rather than the consumers.
Both are listed on the recommendation board. Definitely keep your eye on both.
Storm (STORM)
After seeing Storm pop up on the first page of coinmarketcap, I decided to look into them. And boy was I impressed with the list of advisors.
Now I’ll admit I was very conflicted due to that fact that this coin is not traded on Binance, Bittrex, nor Kucoin. But in my mind, I’m sure this coin will be added to one of them or all of them soon which is why it’s better to get in now.
StormX the company behind Storm and they are trying to create a marketplace for the micro-tasks or micro-job industry. This includes simple things such as downloading a game or making a purchase to completing jobs for individuals such as proofreading a document.
StormX’s vision is to come out with a series of apps that are part of the Storm Marketplace which all focused on different types of micro-tasks. Everything is gamified and everything is rewarded in Storm tokens.
The first of three app is called Storm Play and it is already available for download. The micro-tasks in Storm Play are more focused on downloads, purchases and signups. Everything earns Bolts which can be converted to Storm for withdraw. The profile allows you to attach a Storm, Bitcoin and Ethereum wallet.
This app already have been downloaded over a million times within Google Play store and it is generating revenue for the company already which is always a bonus.
Having a product is a good start but I’m more excited about the “Storm Gigs” app they plan on releasing within their Storm Market soon. That is what is going to disrupt Fiverr, Upwork and TaskRabbit.
All three offers different types of P2P freelancing tasks. These tasks can take anywhere from a few hours to a few a few weeks. Fiverr really concentrate on micro-tasks as most jobs are only for 5 dollars (with addons). So if you need a logo design, a document proofread, a website designed, social media created, etc…you can find people that can help you for $5 dollars. Upwork’s concept is similar except they can be long and open ended. So say you wanted to hire a researcher or a writer, you can keep the job open. Jobs can be hourly or fixed. TaskRabbit is more focused on local jobs like moving furniture or getting a handyman.
Storm Gigs is going to take on all of these types of micro-tasks and more.
The top three team members of Storm Simon Yu CEO, Arry Yu COO and Sean Zhong CTO all have a lot of entrepreneur experience. All of them have been with several companies and have started many of their own companies.
However, the biggest draw to this project is the list of advisors. Charles Hoskinson – Founder of Cardano / Ex-CEO and Co-Founder of Ethereum Anthony Dilorio – Founder of Jaxx / Co-Founder of Ethereum Bill Shihara – Founder and CEO of Bittrex Guy Benartzi – Co-Founder of Bancor Liam Robertson – CEO of Alphabits.fund (VC) Jeff Pulver – Founder of Vonage and Father of VOIP Tom Bollich – CTO of MadHive / Ex-CTO of Zynga Amit Shafrir – CEO of Quiv Brian Kelly – CNBC Fast-Money / Founder of Brian Kelly Capital (VC) Steven Nerayoff – Founder of Maple Ventures (VC) Damon Danieli – Foudner of Appuri / Sold Z2Live to King games for $150M CK Wang – CEO of Kooapps
Outside of having Jesus Christ listed, I’m not sure how an advisory team can be more stacked than this one. Besides having some of the biggest names in the cryptocurrency space, the Storm team assembled an impressive group of people within the gaming industry and VCs. Also you can’t discount the brain power of Jeff Pulver who not only founded Vonage but also a dozen of other companies.
It is almost a certainly that Storm will be added to Bittrex soon. If having Bill Shihara on the advisory team doesn’t guarantee that then I don’t know what will. Also seeing the strong Korean ties (both on coinnest and coinrail) I think there is a good shot this coin can be listed on Upbit and/or Bithumb soon. Plus I don’t think Binance nor Kucoin is far behind.
At its current price of $.08 cents, it is roughly 3x lower than its previous highs of $.24 cents back on Jan 9th. Just like with some of my other great picks like WABI, NULS, EDO which have struggled to come back up during the down turn, Storm is looking the same. And that’s great if you’re looking to get in.
Being around $200 million market cap, I think this is a great long term potential coin to get into. Storm Gigs will disrupt the P2P micro-tasks market and I still can’t get over how good the list of advisors is.
If you want to get in on this coin, I suggest using HitBTC as it is the exchange I used. Of course if you are more comfortable using one of the Korean exchanges CoinNest and CoinRail, feel free to do so. It is also being traded on Bancor’s exchange.
I know some of you guys might not be happy since you don’t have BTC on this exchange and/or you don’t want to participate on coin not on Binance/KuCoin/Bittrex. That’s ok, as I don’t expect a sudden price jump on Storm nor is it healthy in a slightly down market. Plus there will be more coins coming.