This is an article taken from 21CRYPTOS magazine. To get your monthly crypto fix, click HERE for 75 pages of crypto gold from the world’s no.1 digital cryptocurrency magazine.
What to Stake: PundiX (NPXS)
PundiX’s NPXS token ticks all three major boxes when looking for coins to stake.
Firstly, NPXS are worth building a stash of. PundiX is driving cryptocurrency adoption worldwide by providing point of sale (POS) hardware and wallet software that makes it easy for businesses and consumers to transact using crypto. There are plenty of ways to spend NPXS day-to-day, including the XPass – a smartcard that allows users to make purchases of real world goods, as well as buy, sell and trade cryptocurrencies with a single swipe. The XPOS blockchain-enabled point of sale device will have shipped to at least 100,000 retail outlets by 2021 too, according to the PundiX roadmap.
Secondly, the monthly reward on the holders average stake in 2019 is around 2.11% and for 2020 it will be 0.88% – a more than reasonable return for, well, doing absolutely nothing.
Finally, staking requires almost zero technical knowledge or effort. All you need to do is hold your NPXS in an Ethereum wallet (like MEW) or on a supporting exchange (Binance, for example) when a snapshot is taken on the last day of each month, and your staking rewards will be distributed straight to your wallet or exchange account.
What to Mine: Ravencoin (RVN)
After the price of RVN climbed almost 300% in early March, it’s fair to say now may not be the ideal time to jump in and commit your mining resources. However, it is the perfect time to start looking into RVN and planning your entry.
RVN is being known for being particularly miner-friendly due to its X16R proof-of-work algorithm.
The X16R makes RVN effectively resistant to ASIC miners – so regular miners get a fair slice of the pie – as it actually combines 16 different algorithms, which are deployed randomly according to the hash of previous blocks.
In the unlikely event that an ASIC miner was created that could handle the X16R, Ravencoin would still have the ability to switch any or all of the 16 algorithms to nullify the ASIC.
You can calculate your potential profitability using http://ravencalc.xyz/ and should you not wish to HODL your Ravencoin you shouldn’t run into liquidity problems as RVN is already listed on Binance.
STO of the month: HYGH
Multi-award-winners HYGH are offering investors the chance to secure their slice of a 9% revenue share in what they believe will be “the future of advertising”.
HYGH say they will disrupt the $600bn advertising industry by allowing brands of any size to connect with their consumers by creating a peer-to-peer network of public displays and advertisers.
Their easy to use app turns any screen into a highly flexible ad space – wherever they are located. Tablet’s sitting at checkout desks, TV monitors in bars or shop windows or even professionally mounted outdoor billboards in city centres can all be turned into revenue-generating ad spaces.
Advertisers can really zero-in on their target markets by hand-picking their displays from a wide variety of locations and book specific time slots for their ads, while display providers can earn a passive income from their screens.
Their team includes Jurgen Specht, the man behind Rakuten’s ecommerce website used by more than 70 million people globally. HYGH has already won awards at the Crypto Challenge Forum and Blockchain Life in 2018 and Security Token holders will holders will receive a regular revenue share from each transaction conducted across the platform “in addition to participating in the long-term success of HYGH”.
The HYGH pre-STO is underway now with the main STO set for June 2019.
ICO watch list
LivenPay, is migrating its army of 400,000 users to a new app that makes it easy to spend crypto at over 1,000 already-activated restaurants.
Users can deposit a range of different cryptocurrencies in to the Liven wallet and the Liven pay rails will ensure that merchants get paid in their desired fiat currency or in native LVN tokens. Every single transaction on the network earns the user 10-20% of the total spend in LVN as a reward.
Users can also send LVN instantly to friends using simple @handles. The LivenPay ICO ends on 24th April and LVN tokens are priced at $0.015 USD.
Faireum is building a public blockchain and a set of protocols with custom features to make the world of online gambling safer for users, and more efficient for providers.
Losing money on an online bet is one thing, but losing money because shady providers withhold bonuses or because of huge hidden fees is quite another. Online gamblers are also always at risk of fraud. For providers, overheads can be sky-high due to payment system integration and user account management costs. Meanwhile, the cost of entry for game developers can also be prohibitive.
Faireum aims to remove all of these inherent risks and inefficiencies with its blockchain-based ecosystem which allows developers to publish their own decentralized, transparent and trustful dApps.
The Faireum token pre-sale carries a 30-40% bonus and will close on 24th April. Tokens are priced at $0.05 USD.
aQuest don’t like complicating things. “Complete a quest, get paid” they say.
The aQuest platform allows companies to create marketing campaigns with real, tangible results by rewarding customers for completing quests such as taking surveys or liking posts on social media.
Quests can actually be anything that can be digitally verified and participants can be paid instantly using aQuest tokens (AQU).
The aQuest ICO runs until 9th April and the current token price is 0.006 ETH
TerraGreen plans to use cryptocurrency to drive the creation of renewable energy generating facilities around the world.
Their blockchain-based renewable energy trading platform will bring biomass suppliers, renewable energy technology developers, power producers and investors a complete one-stop-shop powered by the TerraGreen coin.
Users who invest in projects on the platform get TerraGreen (TGN) coins that represent an amount of energy that will be produced and injected into the grid & market at a certain time in the future. The platform itself will hold all the information about how much energy is generated and sold transparently, so everyone gets rewarded fairly.
TGN coins are priced at 0.10 USD and the ICO ends on 2nd May 2019.
Medicohealth will use blockchain technology to build a platform that gives patients anywhere in the world ‘prompt, affordable and reliable’ access to physicians and medical specialists.
Physicians credentials and validation of their licences will be stored immutably on the blockchain, so patients can be confident they are accessing qualified professionals. Patient data will also be stored anonymously and only accessed by physicians temporarily, and only with permission.
Physicians can be paid for their efforts instantly, from anywhere in the world using the platform’s MHP tokens, which are available to buy at a pre-sale price of 0.08 USD from the 15th April to the 14th May.
5 coins to trade
VeChain has seen some positive price movement recently after nearly four months in an accumulation range.
One of the likely reasons for this is the upcoming inaugural VeChain Summit, hosted by the VeChain Foundation in San Francisco on April 18.
The Summit will see participation from a number of big name partners including BMW, SafeHaven and Totient.
VeChain say “Through a combination of varied sessions including VeChain product releases, expertise and insights sharing, interactive tutorials as well as immersive entertainment, VeChain Summit 2019 will provide the participants with a unique blockchain technology adventure”.
The ’product releases’ element is key here. This, together with some positive partnership news from the likes of BMW could have an important impact on price action – as we’ve seen with Enjin’s sharp rise after the announcement of their partnership with Samsung.
It’s likely there’ll be plenty of buzz-generating news released in the lead up to the event, and if you’re a proponent of the ‘buy the rumour sell the news’ theory this could present plenty of good trading opportunities.
Following suit is Cardano, who will also surely release some big news prior to, or during the IOHK Summit on 17-18 April in Miami.
IOHK, run by Charles Hoskinson the creator of Cardano has already advertised ‘special announcements’ for the event as well as updates on Cardano development and the vision for Cardano 2020. The summit will also see Live interviews from the members of The Cardano Effect podcast as well as a hackathon.
Another of the top 20 cryptocurrencies to have settled into a possible accumulation range after a chastening 2018, it would not be a surprise if Cardano suddenly woke from it’s slumber ahead of the summit.
Let’s be honest, everyone loves an airdrop. On the 11th of every month the BitTorrent Foundation will initiate a BTT airdrop to TRON (TRX) holders who keep their tokens in supported wallets in exchanges.
In the past, some airdrops and forks have caused huge price spikes in the lead up to snapshots, and even more violent drop offs straight afterwards (I’m looking at you, $ZCL and $OCN). Both of which represent great opportunities for traders, especially as futures markets are available for Tron, so you can short as well as long TRX and make money on the way up, and the way down.
After launching a Tesla giveaway in March, Tron mastermind Justin Sun’s Global Appreciation Campaign is also set to include a $20m free cash airdrop – so keep your eyes peeled for more information on that.
Alongside conferences, airdrops and forks, another old crypto-trope is that ‘mainnet launches are a catalyst for price increases’.
It has to be said, this has not always played out, especially during the bear market, though Zilliqa holders certainly saw some decent gains in the run up to their mainnet launch in January.
With that in mind, QuarkChain (QKC) could be work keeping an eye on in April, with their Mainnet Singularity V1.0 launching on 30th April.
April promises to be a news-heavy month for Nebulas, the project dubbed ‘Google for the blockchain’. The Nebulas Nova 1.0 and 1.1 release is set for some time in April – a step which they describe as “the starting point of Nebulas becoming the Autonomous Metanet”. There are also rumours that a Nebulas NApp store could launch by the end of the month – don’t get caught napping on that one!
5 coins to hold
There is plenty of buzz around Stellar at the moment. After a long wait, XLM was finally listed on Coinbase Pro last month. Whilst there have been diminishing returns on the ‘wait for the Coinbase listing pump’ strategy recently as more and more coins are added to the exchange, holders may well be rewarded if the market in general picks up. For many new market entrants, Coinbase is the crypto ‘gateway drug’ so an upturn in the market in general may well see Coinbase coins benefiting first.
If that weren’t enough, Stellar’s partner IBM announced recently that that it has signed up six banks to use Stellar for cross-border remittance payments.
Looking ahead to May, there are some small milestones that may keep Stellar in the news, including a website redesign and what they call a “minor release” some time in the month.
Singapore-based blockchain TomoChain has set its sights on toppling the big boys; Ethereum, EOS and Tron. While that may be a way off yet for the coin currently placed in 110th position on Coinmarketcap, there’s plenty happening on the project which could be of interest to investors.
TomoChain recently announced the launch of Version 1 of TomoSwap – the first decentralised exchange platform on its network. They say “TomoSwap promises a fast & secure way to swap tokens with near zero transaction fee”. Initially Triip, MCash and TOMO are available to trade on the DEX, with plenty more to follow.
Applications are also open for their first international game-focused dappathon which encourages developers to build a working game on the TomoChain blockchain. With $20,000 available in prizes, the competition is not to be sniffed at, particularly as over 30% of the $6.7billion in revenue generated by dApps in 2018 came from games. According to dapp.com.
In early March, WAN surged nearly 50% in the space of a week, before cooling off slightly. The project focuses on cross-chain interoperability, privacy and smart contract functionality and launched with much hype last year.
But for potential investors, perhaps the most promising development is a staking pilot taking place between April and July. During the pilot, users bid to stake the most WAN, in order to receive a 4% staking reward. The end result is that 4million WAN will be taken off the market for three months, depleting the available supply. If some cleverly timed news creates an additional demand during this period, WAN would definitely be worth keeping an eye on.
In another big move, Wanchain also recently announced support for blockchain giant, EOS. The bridges Wanchain plans to build will give them the ability to offer decentralised exchanges that can enable cross-blockchain swaps between Bitcoin, Ethereum and EOS based coins.
At the time of going to press, Bitcoin was fast approaching decision time. The sideways action of recent weeks had seen the undisputed ‘king of cryptocurrencies’ approach a yearly downtrend channel resistance line that had scuppered every attempt at a recovery in the last year – and triggered major sell-offs each time.
The holding potential of Bitcoin, at least in the short term, will depend heavily on what happens when Bitcoin hits this line. A break in the resistance could be the signal that the bear market is finally over and propel the Bitcoin price to its next major resistance at around $6,000. A rejection from the trendline and there could be yet more blood in the crypto streets.
If hitting the trendline triggers a major move either way for Bitcoin, on past evidence at least, it is likely that altcoins will suffer the most in terms of their Bitcoin ratio. For this reason, with possible volatility incoming, maintaining a balanced portfolio and employing proper risk management is paramount.
There is a widely used maxim that the projects who keep their heads down and build during bear markets are the ones that thrive when a bull market arrives.
Luxcore certainly falls into this category.
Price movement has been heavily restricted by the Cryptopia hack, as it left LUX without its highest volume market for a number of weeks. That the price didn’t immediately dump once trading resumed is a reflection of the faith holders still have in the coin.
The project recently launched its own Blockchain Explorer which syncs 40 times faster than most open source explorers available currently. It’s also mobile-friendly and displays real-time values in Lux, BTC and USD.
Also, coming to a smart phone near you is the full release of Luxcore’s PoS Mobile Wallet. The wallet App will allow users to earn staking rewards whilst holding their Lux securely. Packed with impressive features, the wallet includes fingerprint and facial authentication to secure transactions and offers push notifications for LUX stakes.
Sleeping Giant : ICON (ICX)
The token dubbed “The Ethereum of Korea” was one of the most hyped ICO’s in 2017, and indeed saw an incredible rise from its ICO price of $0.11 to $12 in February 2018.
However, since that high point, things have gone horrifically wrong for ICX holders as the token slumped to an over 95% price decline, bottoming out at around $0.19.
Activity is beginning to ramp up again at ICON though, and the project has made a concerted effort to improve communication and indeed recently launched a vastly updated roadmap.
Included in the project’s ambitious new plans are a mobile ICONex wallet, which has already been delivered, ICO platform ICONest, the functionality to create ICX-based decentralised exchanges and stablecoins as well as enabling Security Token Offerings on the ICON platform.
ICON has a slew of impressive partnerships including Pantera Capital and two of the largest banks in Korea -Woori and Nonghyup, and has an MOU with Samsung to include their blockchain joint authentication service, CHAINID in the ‘SamsungPass’ service.
Price-wise, it would appear ICX’s recovery has already started. Q1 of 2019 has seen the token price rise from $0.19 to a high of $0.36. This sleeping Korean giant might just be ready to wake from its slumber.
New to market: Fetch (FET)
The Fetch token sale, hosted on Binance launchpad, sold out in just 22 seconds. Bear market? What bear market?
According to Binance CEO, Changpeng “CZ” Zhao, “24000 people pre-signed the User Agreement, 19860 people successfully submitted a buy order, 2758 people got a piece”.
So what was all the fuss about? Well, its possible that merely taking place on Binance’s Launchpad was the decisive factor in the allocation selling out so quickly. BitTorrent’s sale on the same platform completed in 18 seconds, for example, though it took the most recent offering -Celer Network- over 17 minutes to achieve the same feat after some technical issues.
The project has ambitious plans. The UK based team aims to bring about efficiencies for businesses by bringing together machine learning artificial intelligence, multi-agent systems and blockchain technology. They use ‘Autonomous Agents’ which are “digital entities that can transact independently of human intervention and can represent themselves, devices, services or individuals. Agents can work alone or together to construct solutions to today’s complex problems”. Their mainnet is scheduled for release sometime in Q4 of 2019.
ICO investors are still in profit too. FET climbed from its issuing price of $0.08 to as high as $0.48 on launch at Binance before quickly settling down to around $0.20 at the time of writing.
Meteoric Rise: Enjin Coin (ENJ)
At the time of writing the price of Enjin Coin sits at $ 0.185 – which represents an incredible 473% rise in just one month.
The major catalyst for this huge move came back on 8th March when the Korean media reported that Enjin had agreed a partnership with Samsung, that would see the tech giant’s new Galaxy S10 smartphones include an ENJ-enabled blockchain wallet. These reports alone were enough to see the price of ENJ rise 70% against the US Dollar.
The rise continued as FOMO took hold after Enjin’s VP of marketing, Simon Kertonegoro confirmed the partnership, and the phone was indeed released with Enjin Wallet included directly into the Samsung blockchain keystore – which allows for crypto storage and transfer.
ENJ continued to ride the bullish wave throughout March, as Binance announced that Enjin had won a vote to host an AMA in the Binance Telegram.
Originally crafted as an All-in-One Blockchain Game Development Platform, it remains to be seen how much steam Enjin has left in this incredible run-up, but if even a portion of Samsung’s estimated 45million handset owners begin to use ENJ to trade in-game items, we could be in for real fireworks.
This is an article taken from 21CRYPTOS magazine. To get your monthly crypto fix, click HERE for 75 pages of crypto gold from the world’s no.1 digital cryptocurrency magazine.
Written by Carl Gunaratnam.