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Every week I'll be writing a few short paragraphs of what I see going on in the market from my point of view. I'm in no way an expert at anything that I am doing. However I do like to share my thoughts and enjoy giving future outlooks that hopefully others may not have seen. Hope you enjoy this read.
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Cryptocurrency has been gaining momentum over the past few months. Altcoins have seen substantial gains without any major healthy corrections. I’m still waiting for the alt market to be taken on by the bear market. In the current state I have decided to hold my positions for potential profit in the near future. A few calendar events that I have in mind but not all are confirmed consists of the Enjin Wallet Release, Enjin Minecraft Plugin, EOS Dawn 3.0 Release, Bitshares Partnerships, VOISE new exchanges, ECA new exchanges, NEM Hackathon Winners, Major DGB Breakout to $1, FUN Development platform release, KIN massive network adoption, and any major SPANK partnerships.
As we go through Q1 we’re going to see Ethereum reach a new high in unconfirmed transactions which will really cripple the platform. We’re already starting to see major companies moving over to BitShares because of their scaling availability; Bitspark. In those regards the unconfirmed transactions should be sending off a warning light for developers looking to launch on the Ethereum blockchain.
It’s hard to say where ENJ will be going in the next couple months. Anyone can say the moon but it also depends on their ability to deliver a fully functioning product that completely exceeds everyone’s expectations. On top of that ENJ may produce one of the most versatile wallets in existence. I wouldn’t be surprised if ENJ blows up after the wallet release.
I’m currently looking for major industry players that are involved in medical, government, real estate, and logistics. I’ve got a few companies in mind like ShipChain and BEE. However I will decide after the ICOs have finished and get a chance to really look at how the public is receiving it. In those regards industry tokens are making their way into my portfolio.
I’ve been thinking about the SPANK token a lot and where it can be applied. My favorite use cases are porn stars receiving their full wealth by selling videos, pictures, panties, and whatever else those types of people buy. If SPANK gets a single partnership with any major player in the industry it will absolutely dominate the space. Especially with becoming the standard for Live Cam payments. Very optimistic about SPANK and the product they are producing.
VOISE is looking for new exchanges. They’ve already announced that they will listed on one of the top five major exchanges. If it so happens they make their way onto Binance it will absolutely rocket. I’ve already set my position with VOISE and plan on holding for quite some time.
TokenCard has a launch coming out around April / May. Hard to say exactly what date or time frame. However they are currently working hard at getting their card ready and ensuring that they do everything right. A few other companies that were going to compete with TokenCard have been shut down for using WaveCrest. TokenCard may be the next coinbase competitor, can’t wait to see what happens with this project in the coming months.
District0x is starting to gain recognition. I may also say that SPANK has a red light district for a decentralized market place that will be placed upon the District0x network. It could be a valuable token here in the future.
Civic got some recognition recently in the news. Consider picking it up. They’re missing a few small form key API features but the company that used their product was optimistic about what they will be producing here in the future. Absolutely a solid hold if you don’t already own Civic.
ECA. They’re looking for new exchanges and should have a new one soon. I don’t really understand what’s going on from a development perspective at this time.
I also had an interesting conversation in VR Chat when I forcefully brought up cryptocurrency because I like to pick the minds of the people not involved in the space. The current mentality that I’m seeing is that not everyone is taking cryptocurrency seriously and they still see it as a ‘currency’ rather than a utility for future innovations in technology. This to me screams that anyone who is currently in the space is still really early. After 2018 we will absolutely hear blockchain and cryptography in common space conversations. High hopes for what this year is going to bring regardless.
I also forgot that I need to write about EOS and BitShares again. They’re both on track with their TA patterns and sometime before each rise we should see significant news. Such as with EOS we’re starting to hear about Dawn to people are getting into positions. We may see a rise to $46 in the near future. While BitShares is steadily been growing up and having healthy corrections along the way. BitShares has not had any crazy moon shots in this growth period. Should be a nice anchor for your portfolio if you’re a long term holder.
If you choose to invest in EOS you will need to register your Tokens before the summer.