Last weeks picks
Last week I spoke about NEM, PIVX and Reddcoin. I still strongly recommend them and congrats to those of you invested in NEM when I advised it as you saw some good gains these last few days.
Reddcoin is still low and I still recommend buying some regularly as I believe that when Redd ID comes out it will SHOOT up. The graph is showing signs of recovery and it looks like we are at the bottom or at least very close to it, if you have been holding off buying some until the price bottoms down, this could be a good opportunity.
PIVX has recovered back to the $2 mark. I believe PIVX is going to be huge one day, I would not be at all surprised if PIVX hits 10 dollars in under 12 months. We are currently on a slight decline, but I think we are going to hit the bottom soon. I recommend keeping an eye on the price and buying when it shows signs of stability.
This weeks picks!
Steem guys! Steem is currently at $1.27, this is a great price to buy. I believe we will see $2.50 Steem by the end of the year and $4 Steem in the next 12 months. If you look at the charts, you will see that we are now at a pretty good place, in June we shot up a bit to fast and that was unsustainable, now we are back to where we would have been if the growth was a bit smoother and healthier. I think now is a great time to buy as we will probably see good steady growth in the weeks to come.
Veritaseum has been one of those cryptos that has been acting strange throughout the Bitcoin apocolypse. This month we have seen both massive gains and massive dips from this coin. I believe that if the market was less volatile ( as it will become as the FUD from the fork dies down) we could see some interesting gains from this coin. It is currently low (relatively speaking) and could go up pretty quickly. I snatched some up this morning and might continue to do so until the price rises.
Honorable mentions to keep an eye on!
There are two coins I am keeping my eye on the first one being NEO (Antshares) and the other being Chaincoin.
NEO is currently very high at $10.54 but I believe this coin could easily hit $100 dollars one day. That said, don't buy at this price, it will almost certainly go down again. I recommend buying again if the coin hits $7-8 or you can play it safe and go to our old friend; dollar cost averaging.
Chaincoin has had a lot of drama recently, but regardless of your opinions on how some individuals acted, the price is currently low. I have a chaincoin masternode which I got at a higher price than it is now, but I do believe that the coin will go up again with time. If you are considering buying in, wait until the price stops dipping. I think 20-30 cent is a good place to buy but if you want to go the more "all or nothing" approach you could put in a buy order at 15 cent and cross your fingers.
conclusion
I am not going to do the disclaimer that seems to plague these type of posts. You guys are smart enough to know what you are doing and your actions are your own, you don't need me saying this isn't financial advice. It is my opinion and it's your choice to agree or disagree, can we run a campaign against disclaimers please? I can't be the only person that finds them annoying!
Either way, I am interested in your opinions, what coins have your eye at the moment? What has you most excited and what have you been buying. Let me know! The more we share the more we learn!
Happy Investing
Cryptoviking
