Governor Andy Beshear of the US state of Kentucky signed off on a new pair of laws. These laws will see the energy-rich commonwealth offer crypto miners tax breaks should they operate within the state, with the law itself being signed into effect on Thursday.
Tax Exemption For Crypto Miners
The new legislation, Senate Bill 255 to be exact, extends the incentives the commonwealth has focusing on clean energy to crypto miners that have invested a minimum of $1 million within their equipment. Alongside this, House Bill 230 allows these miners to gain an array of excise and sales tax breaks. It should be noted that both of these taxes stand at 6%
With these two bills working in tandem, the idea is to have crypto miners start to flock to the state with all of these incentives. The overarching plan for this, as well, is to have these crypto miners start creating jobs and business revenues, which will ultimately benefit the state. Kentucky, in particular, has suffered a mass exodus of manufacturers, but the state still has its abundant supply of cheap energy, and is planning to capitalize on it.
Making Kentucky A Crypto Mining Hub
In one of the bills, the state straight up said it, explaining that Kentucky is aiming to stand as a leader within the US when it comes to “emerging industries which use substantial amounts of energy”. One of the most prominent industries of that sort is none other than crypto mining, which is infamous for its sheer power usage and heat generation.
These bills managed to breeze past the legislature of Kentucky, with the bills themselves, a 13 page one in total, having been introduced in January of this year. The bill won by a vote of 19 to 2. The 13-page bill managed to go past all avenues before being signed off, showing that the state as a whole is eager to tap into the crypto space.
US Going For Crypto
Time will tell how successful this operation may be. It’s already clear that the US, particularly Wyoming, is trying its best to bring in crypto companies by offering bank charters. Now, it seems that Kentucky is eager to cater to a whole other facet of the space, offering up its cheap electricity to a space that depends on that very fundamental in order to turn a profit.
Wyoming, in particular, has given Kraken, one of the first crypto exchanges to come into existence, a charter bank status within the state. Wyoming is generally trying to make itself the hotspot for crypto-based fintech.
Chainalysis, a New York based startup that investigates Blockchain transactions, stated that it had raised US$100 million from investors. The cash boost will boost the valuation of the startup to above US$2 billion.
Chainalysis is one of the most prominent agencies in the United States that investigates crimes related to cryptocurrencies. The startup helps government agencies and companies to evaluate different blockchain transactions. This company has recently received a $100 million cash injection from investors totaling its valuation to US$2 billion. The Series D Round of funding was spearheaded by Paradigm, which is an investment firm. Other contributors included Ribbit, TIME Ventures, etc.
How will the cash injection help?
This extra funding will be instrumental to providing business data solutions in Blockchain matters. The data that will be provided to these companies will be crucial to helping cryptocurrency agencies, financial institutions and government agencies to receive credible data that will help alleviate crimes that are related to cryptocurrencies.
The Chief Executive of the Company and the Co-founder of the firm, Michael Gronager, stated that with the new funding, the firm would invest more in their investigations and build better compliance software. This move will be beneficial to the existing customers and new customers. Michael also hinted that with the cash injection, the company will look more towards international expansion.
What this means for the Crypto market
The cryptocurrency market has undergone a great boom over the years. More startups are investing in the crypto market as they launch new products and services that will see the extra growth of this sector. The funding therefore comes at a critical time when Chainalysis will need to invest more to meet the needs of this growing market.
The expansion of the crypto market also calls for Chainalysis to upgrade their technology to meet the heightened demand for their services. Through better technology, Chainalysis can help private enterprises and government sectors to evaluate transactions and identify any fraudulent dealings such as fraud and money laundering.
Chainalysis growth in the crypto market is evident through the doubling of their client base in the past year. They have also expanded their workforce by hiring an additional 116 employees to meet the needs of their rapidly growing customer base. Currently, this company deals with 100 cryptocurrencies and this accounts for 90% of the total financial activity in the virtual crypto market.
Cryptocurrency investors, traders and hodlers all want to know what are the best crypto portfolio trackers to use? Let’s review the top 16 crypto asset management apps of 2020 to try for keeping track of your coins.
The 16 Most Popular Cryptocurrency Portfolio Management Apps
The global crypto market has remained quite volatile over the past couple of years — with this burgeoning sector touching its all-time high in 2017 only to collapse a year later. And while seasoned traders know how to take advantage of bear markets in general, most individuals do not possess the required skills to facilitate profitable trades during such rough times. Also, it bears mentioning that over the last decade or so, the number of cryptocurrencies available for commercial purchase has grown to over the 2,300 mark. Not only that, the crypto sector currently witnesses a daily 24h trade volume of approximately $77 billion — which serves as a decent indicator of the growing investor interest flowing into this space.
With all of this information out there, it should be understood that most crypto enthusiasts these days possess more than just a few cryptocurrencies in their financial portfolios. This is because they now have the option of investing in a wide array of diverse, lucrative digital assets that are designed for a variety of different purposes. However, at the same time, all of these developments have resulted in investors finding it increasingly more difficult to track their holdings.
This is where crypto portfolio trackers come into the picture. They are apps or online service platforms that are designed to help users in monitoring the performance of their digital assets in a highly simplified, streamlined manner. Not only that, newer apps of this nature now even come replete with a whole host of sophisticated features such as:
Trade execution portals.
Automated strategy management modules.
Time-based portfolio assessment counters.
What is a Crypto Portfolio Tracker and What to Look for in It?
In its most basic sense, a cryptocurrency portfolio tracker can be thought of as an app, website or a service platform that allows users to keep a close watch on the value of their investments. In this regard, it bears mentioning that most trackers are designed to automatically link with their owner’s personal crypto wallet or exchange account. Not only that, but they are also extremely useful for large-scale investors who actively trade more than 3 coins regularly.
As mentioned earlier, some cryptocurrency portfolio trackers have been devised in such a way that they also function as trading platforms. For example, they assign a person with an individual wallet key that can be used to either import or hold on to one’s crypto assets in a simple, straightforward manner.
With that being said, different portfolio trackers come with their own, unique sets of features — which is to say that no one platform ever does everything perfectly. For example, some allow their users to trade only a certain subset of cryptocurrencies while others come laden with a massive catalog of altcoins but don’t offer many tracking features.
The essentials to look out for when choosing a tracker:
(i) Overall security and privacy: Owing to the decentralized, transparent nature of the blockchain, it can be extremely difficult for a person to track/trace the tx’s associated with different cryptocurrencies (such as Bitcoin). Not only that, but it is also extremely tough to determine who owns which wallet. Because of these factors, an individual must choose the right portfolio tracker for him/herself — since most of these portfolio management systems are directly linked to a person’s exchange or bank account.
A single lapse in one’s individual data security can leave the person’s wallet vulnerable to third party hacks, intrusion attempts. Therefore, it is of utmost importance the portfolio tracker being employed by an individual comes pre-built with several core security features such as 2-FA (two-factor authentication) and multi-layer encryption.
(ii) Ease of Use: The core purpose underlying the use of a portfolio tracker is to have all of an individuals’ crypto assets in a single place. In this regard, an efficient portfolio manager is one that displays the total value of an individual’s assets in one place (that too in the simplest manner possible). Thus, when choosing a tracker, it is of utmost importance the platform in question be simple to operate — so much so that it should not be a struggle for a person to keep a close watch on their coins and tokens.
Not only that, the tracker should come laden with a clean layout that does not contain too much technical jargon. This not only helps a person save a lot of time and effort but makes the process of managing one’s assets stress-free.
(iii) Compatibility + Availability of Coins: Another extremely important thing to consider when choosing a portfolio tracker is whether the platform in question is compatible with one’s desired cryptocurrency exchanges. In this regard, it is quite useful to select a management tool that allows users to trade all of the digital currencies that they may wish to exchange either now or shortly. This eliminates the need for users to make use of multiple trading platforms, as well as, memorizing countless passwords.
Crypto Trackers Worth Checking Out
1. Gem
Gem is one of the most widely used portfolio management systems in the market today. Not only does it offer users a smooth operational experience but it also has an aesthetically pleasing design that is pleasing to the eye. Some of the other core features of Gem that make it stand out include:
(i) Sync Compatibility: One of Gem’s core features is its ‘exchange sync option’ which allows the app to automatically input any trades that have been performed by the user in the past. This makes porting one’s portfolio extremely simple and hassle-free.
(ii) Free: The tracker is free to use and there are no terms and conditions associated with the app.
(iii) Easy Recovery: A whole host of crypto trackers do not possess the ability to import/retain one’s portfolio data in case the person loses their handheld device. However, Gem allows users to import their holdings with the touch of a button. This is because once a user creates his/her portfolio on Gem, their finance accounts automatically get linked to the interface — thereby making recovery extremely hassle-free.
(iv) Currency Support: At press time, Gem supports most crypto/fiat assets that are in circulation today. If that wasn’t enough, the application is also compatible with a total of 25 top crypto exchanges. To link Gem’s native interface with a supported trading platform, all one needs to do is simply connect their related API keys with the app. This allows for all of the user’s trading history (on the associated exchange) to automatically get synced.
(v) Discovery Portal: For investors who may want a broader overview of the market, they can make use of Gem’s ‘discovery option’ that allows users to track the prices of various lesser-known altcoins as well as provides them with a host of research information related to this burgeoning space. For example, the portal allows users to read whitepapers, check out the market’s top gainers and losers as well as other niche data with the click of a button.
(vi) Trustworthy: Gem has been around in the market for quite some time now, with the first iteration of the app going live sometime around November 2013. Additionally, the project has also been able to raise a total of USD 20M+ from investors all over the globe. Some big-name players who have invested in Gem include Fenbushi Capital and Blockchain Capital.
In closing out this segment, it bears mentioning that when compared to its contemporaries, Gem is not only the most visually attractive portfolio tracker but it also comes laden with several unique features that are not commonly found in such platforms.
2. Delta
Delta is one of the most popular crypto trackers available in the market today. While it is predominantly a mobile-based app, Delta also features desktop clients that are compatible with a variety of popular operating systems such as Windows, Mac, and Linux. However, it should be pointed out that the above-mentioned desktop clients are extensions of the Delta mobile app.
Some key features worth highlighting:
(i) Minimalistic + Elegant Design: Delta’s native interface is extremely posh looking. For example, the app makes use of a deep blue color scheme that is elegant and gives the platform an overall sophisticated appearance.
(ii) Watchlist: Delta comes pre-built with a ‘watchlist’ option that allows users to track all of the coins that they might be looking to purchase in the near future.
(iii) Sync Options: Using their API keys, users can connect Delta to a host of cryptocurrency exchanges. This makes it extremely easy for people to their trade data as well as consolidate their holdings in one place.
(iv) Seamless Recovery: Delta provides its users with an “Account Recovery” option that generates a dynamic recovery code that can be employed in the event of a person losing their handheld computer device or smartphone. The entire process is extremely simple and can be completed within a matter of minutes.
(v) Free + Paid Plans Available: Delta offers users with a large number of free and paid plans. For example, Delta PRO is currently priced at $7 for iOS users and $8.5 for android users. Additionally, there are many annual subscription packages available for purchase as well.
(vi) Delta Pro: This is a paid version of the standard Delta app that comes replete with several advanced portfolio analysis tools. Not only that, but it also allows users to connect as many exchange accounts/crypto wallets with the app (as they may like).
(v) Active Digital Community: Delta’s online community is quite active across many social media platforms such as Telegram and Slack.
(vi) Currency and Exchange Support: As things stand, Delta is compatibility with a whopping 3000+ cryptocurrencies. Not only that, but the app also supports more than 200 crypto trading platforms while providing users with the ability to add custom coins for ICOs that are yet to be listed.
Delta is an extremely comprehensive crypto tracking tool that is best suited for low to medium-level traders since it comes replete with several features that are automated and easy to use. Also, it is the only tracker that comes with its separate desktop client. The only downside to the app is that its charting capabilities are a bit limited and that its API sync support capabilities are limited to a relatively low number of cryptocurrency exchanges.
3. Blockfolio
Along with Delta, Blockfolio is probably one of the most popular crypto management portals in the market today. The app’s design is extremely intuitive but does not feature a web client that can be accessed using a desktop computer or laptop. Additionally, Blockfolio provides users with the ability to track multiple portfolios and is completely free to use. However, the one tangible downside to the app is that it does not feature an exchange sync option — which means that all individual trades have to be added manually to the app’s interface.
Key features worth highlighting:
(i) Investment Classification: One of Blockfolio’s key features is its ability to add multiple portfolios to its existing system. As a result of this, it becomes extremely easy for users to classify their investments into different categories.
(ii) Hassle-Free Recovery: Blockfolio allows users to seamlessly import their portfolio(s) in the event of their handheld devices being stolen or lost
(iii) Blockfolio Signal: This is one of the app’s most important features which enables third-party projects to relay notifications and alerts (related to new partnerships, news) directly to the system.
(iv) Peripheral Options: In addition to all of its core facets, Blockfolio also comes replete with several other options. For example, it features an ‘explore section’ that lists a wide array of latest crypto news that can help people stay up to date with all of the current happenings related to the world of digital currencies. Additionally, the app also has an in-built ‘Night Mode’ feature as well as a PIN entry protocol that can prevent people from gaining unauthorized access to one’s data.
(v) Good Compatibility: Blockfolio is compatible with more than 6,000 cryptocurrencies and can be used in conjunction with 250+ exchanges.
In closing out this section, it should be pointed out that to date, Blockfolio has been able to raise a total of USD 15 million from seasoned investors all over the world. Some big-name players who have invested in the project include Refactor Capital, Huobi and BitMEX.
4. CoinTracking
As the name suggests, CoinTracking is a portfolio management app that comes replete with a large number of advanced features. In this regard, it should be pointed out that that app is best suited for full-time traders who are looking to gain deeper insights into their investments (both in the short and long term). At the time of writing this article, CoinTracking is available on Android as well as iOS devices, however, to use the app a web registration needs to be completed first.
Key features:
(i) Straightforward Interface: While CoinTracking’s native UI may not be as elegant and good looking as some of its digital contemporaries, the app does its job well and comes laden with all of the features that a good portfolio tracker should possess.
(ii) Import Capabilities: CoinTracking allows users to import all of their trades — that have been processed across various trading platforms — with the touch of a button.
(iii) Exchange and Wallet Compatibility: CoinTracking allows users to interact with several established cryptocurrency exchanges using their API keys (which allows them to import their portfolio and trading data seamlessly.) Not only that, but the system is also compatible with a whole host of hard and soft wallets (such as Trezor and Exodus.)
(iv) Free and Paid Services: While CoinTracking’s basic interface can be downloaded for free, its more advanced features can only be used if people subscribe to the app’s paid services. For example, the free account allows users to enter a total of 200 trades and does not permit data integration from any third-party blockchain wallets.
The advanced versions of CoinTracking cost between $70 to $1000 — depending upon the plan that is selected.
(v) Historical Data: A key facet of CoinTracking is that it lets users keep a close tab on the historical price data associated with various cryptocurrencies. Additionally, the app also has a Bitcoin Analysis tool that makes use of various statistical modules that can be used to predict the price of BTC.
(vi) Tax Computation Tool: One of CoinTracking’s most standout features is its tax calculation tool that can be used for a number of different purposes such as:
Creating one’s crypto tax reports
Generating profit/loss sheets etc.
Determining which cryptocurrencies can be sold tax-free.
(vii) Free Tutorials: The app is complemented by a large number of comprehensive Youtube videos and guides that allow users to better grasp the system’s various basic/advanced features.
In closing out this section, it should be made clear that CoinTracking is best suited for those individuals who are heavily into crypto day trading. Also, the free version of the app limits users to a total of around 200 trades — which can be quite annoying to say the least.
5. Cryptocompare
Cryptocompare is another popular crypto tracking system that is suitable for casual as well as experienced traders. The app comes with a vast array of features and is available for use on desktops, smartphones as well as other smaller devices. Some of the key features of Cryptocompare include:
(i) Support for Multiple Portfolios and Cryptocurrencies: Cryptocompare allows users to create any number of portfolios about one’s specific needs and requirements. Not only that, the app is also designed to be fully compatible with a vast array of digital currencies that are available in the market today.
(ii) Visually Striking: The charts and graphs presented by Cryptocompare are quite visually appealing as well as easy to comprehend — since they don’t make use of any technical jargon.
(iii) Lots of Small Peripheral Features: Cryptocompare not only allows users to add small notes to their portfolios but also allows them to sort their cryptocurrencies in any way they may see fit.
(iv) Advanced Options: The app comes with a risk analysis tool that allows users to determine the future valuation of their holdings in a scientific manner. Not only that, but Cryptocompare also comes replete with a number of advanced chart analysis options that are ideal for comparative studies.
(v) Free to use: The portfolio tracker is completely free to use and can be employed in a highly straightforward and hassle-free manner.
(vi) Cloud Storage: Another core facet of the app is the ease with which it can be restored in case a user loses his/her smartphone device. This is because the portfolio data is stored on the cloud under a specific registered account which can be recovered pretty much at any given time (with the touch of a button)
(vii) Sharing Options: Using Cryptocompare, investors can choose to make the specifics of their portfolios either public or private — as well as share it with others if they may wish to do so.
In addition to all of the data that has been presented above, it should also be pointed out that Cryptocompare’s native interface is a little difficult to understand at first. Thus, it can be useful for readers to have a quick look at some of the associated guides and tutorial videos that are available online to better understand how the system works.
6. CoinStats
CoinStats is quite a basic cryptocurrency management system when compared to its digital counterparts. However, it does its job well and allows users to track the value of over 3,000 cryptocurrencies that too on some 300 odd crypto exchanges. In this regard, some of the other key features of CoinStats include:
(i) Ease of Use: The CoinStats app is available for use on desktop computers as well as on smartphone devices.
(ii) Connectivity: The app can establish a direct link with a user’s native wallet and exchange account. This allows for data importation-related activities to become highly straightforward and hassle-free.
(iii) Alerts and Notifications: Coinstats comes pre-built with a price alert counter that notifies users about any price changes that may be taking place about their assets in real-time. Not only that, but the app also notifies users of important updates and news stories that might be of interest to them.
In closing out this section, it should be highlighted that CoinStats does not offer users with any groundbreaking features nor is its interface up to par with some of its closest rivals. However, because the app allows users to connect to over 20 established crypto exchanges and wallets via their API keys, it more than fulfills its basic purpose.
7. AltPocket
While not as feature intensive as some of its contemporaries, AltPocket is arguably one of the best looking crypto trackers in the market today. Not only is the app free to use, but it also allows users to input their API keys into the system so that their trades can get updated in a automated manner. However, if users wish to do so, they can manually input their trade data.
(i) Integration Options: AltPocket allows users to input their pricing API to several different platforms such as CoinMarketCap, Poloniex or Bittrex.
(ii) Shareability: The app is extremely easy to operate and allows users to share their portfolio and performance data with other people with the touch of a button.
(iii) Attractive Data Presentation: As mentioned earlier, in terms of its data presentation and visual outlay, Altpocket is one of the best crypto tracking solutions in the market today.
In closing out this section, we need to make it abundantly clear that there are many other crypto management systems that are as good (if not better) than AltPocket in the market today. Thus, when making a choice, one should sieve through as many options as possible before settling on one particular app.
8. CoinFinance
CoinFinance is another app that has been gaining a lot of mainstream traction over the last couple of years — with many media outlets even referring to it as the Google Finance of the cryptocurrency world.
Key Features:
(i) Excellent Interface: CoinFinance’s native interface is extremely visually appealing and user-friendly. It does not feature any technical jargon and can be used by experienced as well as novice users alike.
(ii) Ease of Use: As mentioned earlier, CoinFinance is easy to use and makes use of various smaller apps that can be run on iOS as well as Android devices.
(iii) Advanced Features: The app comes pre-built with a fair few advanced analysis tools that are perfect for experienced traders.
9. Shrimpy
While the name Shrimpy may seem a little off-putting to some, it is an excellent portfolio management web app that comes replete with a large number of desirable features, For starters, the app’s UI is extremely straightforward and easy to use. Not only that, but it also allows users to link all of their exchange/wallet accounts with itself with the touch of a button.
(i) Attractive Design: Shrimpy’s interface is quite visually appealing and presents users with all of the information they might require in an extremely well-sorted, functional manner.
(ii) Advanced Tools: As with many of its other tracking counterparts, Shrimpy too offers users a highly elaborate set of advanced analysis and computational tools that can help investors maximize their returns.
(iii) Automated Trading Strategies: The app allows users to formulate their personalized trading and HODLing strategies which can be executed at a later time in a completely automated manner.
(iv) Web-Only Interface: It bears mentioning that Shrimpy is available as a web-only interface that does not have an associated mobile app to go along with it. The system can currently only be accessed through the company’s official website, so there is a chance that some people may fall prey to scammy projects that may be trying to impersonate the platform’s general look.
10. LiveCoinWatch
As the name suggests, LiveCoinWatch is a price tracking web app that can be used as an alternative to CMC (CoinMarketCap). In regards to the platform’s overall functionality, LiveCoinWatch allows users to keep a tab on a host of niche data such as:
The real-time price movements of various cryptocurrencies
The market position of different cryptocurrency pairs
The live-action associated with various cryptocurrency exchanges
Volume, liquidity, the market dominance of various coins
Key Features:
(i) Seamless Management: Using LiveCoinWatch, users can easily easily manage and track the performance of their various digital currency holdings.
(ii) Web-only Interface: LiveCoinWatch is available for use as a web-only app. This may be a bit of a turn-off for some users but overall this feature allows for increased security and privacy.
(iii) Minimalistic Design: Quite unlike many of its contemporaries that come loaded with a host of unnecessary features, LiveCoinWatch’s design is quite minimalistic and straightforward.
(iv) Manual Data Entry: To update one’s portfolio data, users need to manually enter the details of all the tokens/coins that they might have bought and sold in the past.
In closing out this section, it is important to remember that the app is quite basic in its overall functionality and does not come with any advanced features (such as statistical charts, analysts tools, alert options etc). However, it does do a decent job when it comes to pictorially showcasing the performance of one’s crypto portfolio.
11. Coinmanager
Coinmanager is another app that seems to be gaining a lot of traction in recent times. For starters, the app not only serves as an excellent portfolio tracker but it also comes with an arbitrage function that allows users to track the price difference between different trading platforms.
Key features include:
(i) Exchange Integration: CoinManager can be easily linked with a whole host of cryptocurrency exchanges such as Binance, Bittrex, Bithumb, and Coinone using one’s API keys. This makes trading much more streamlined and hassle free for users.
(ii) Feature Loaded: The app, in its current iteration, is available on iOS as well as Android devices. In terms of its features, CoinManager comes pre-built with a highly useful charting module that is powered by TradingView. Not only that, as mentioned earlier, the app also comes with an arbitrage function that allows investors to profit from the price differences (in relation to various crypto assets) that exist between different crypto trading platforms at any given point in time.
(iii) In-app trading: CoinManager allows users to facilitate real-time trades within the app itself.
While the app in itself does not have any glaring flaws attached to it, its general interface can be a bit complicated to master.
12. Cryptonaut
Cryptonaut is an excellent portfolio management system that makes use of an attractive user interface that is extremely easy to navigate. Additionally, the app is perfect for people who possess a wide array of digital currencies — since Cryptonaut is compatible with a wide range of digital currencies.
Key Features:
(i) Alerts: The app allows users to receive instant push notifications/alerts in regards to the different cryptocurrencies that may be of interest to them.
(ii) Currency Compatibility: Users can view their portfolios in a number of different fiat assets (including Bitcoin, Dollars, Euros, and more.)
(iii) Ease of Use: Cryptonaut makes use of an extremely simple design that can be used by novice as well as advanced users alike.
Lastly, it bears mentioning that Cryptonaut comes replete with a number of operational tools that are quite useful for full-time traders as well as serious cryptocurrency investors. With that being said, there currently exist quite a few other crypto management systems today that are equal (if not better) than Cryptonaut.
13. Kryptographe
KryptoGraphe is a free portfolio manager that is available to both Android as well as iOS users. In terms of its overall functionality, the app is designed in such a way that it can automatically integrate itself with a wide range of cryptocurrency exchanges and wallets. Not only that, the platform is extremely secure, fast, efficient and makes use of an aesthetically pleasing design that is quite user-friendly.
The app provides users with a host of performance insights using indicators such as:
Growth Nos
Percentile Nos
Lastly, Kryptographe is available in 13 languages and provides its users with a wide range of rewards using its native referral system — wherein users can upgrade to premium features by simply referring their family and friends to come make use of the app.
14. BitSnapp
Bitsnapp is a relatively new app that is only available on the Android market at the moment. In regards to its features, the app allows users to sync their portfolios via multi-Exchange APIs and wallets in a completely automated fashion. Additionally, some of the other core features of BitSnapp include:
It provides users with elaborate charts that can help them track their assets.
The platform is currently compatible with a total of 1300+ crypto coins and tokens.
Automatic wallet addresses tracking.
Comes pre-built with a personalized news feed.
15. UnSpent
Unspent is a tracking system that has stayed under the radar for quite some time now. However, a quick look at the platform’s overall features shows us that it comes pre-built with every characteristic that one would expect from such a product.
Key Features:
UnSpent makes use of various advanced tracking features that are best suited for seasoned investors.
In addition to showcasing a user’s portfolio value, the app also clearly delineates all of the profits that have been realized by an individual (that too in real-time).
The app allows users to analyze the performance and volatility of their personal crypto assets as well as any correlations that may exist between their holdings.
16. Mintfort
Mintfort is a desktop-based portfolio management tool that is currently available for use only on Windows and Macbook based devices. It is an API-based platform which means that it can be used in conjunction with a number of popular trading platforms such as Binance, Bitfinex, Huobi, Kucoin, Bittrex, and Kraken.
Aziz, Master the Crypto Founder
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post Best Crypto Portfolio Trackers: Top 16 Coin Manager Apps appeared first on Master The Crypto.
Let’s review the best cryptocurrency coins to invest in the year 2020 and see why these top cryptoassets are prime to run during the next crypto market bull run cycle.
Top 20 Cryptos to Buy for 2020: Best Coins to Invest in 2020
Over the past year, we’ve seen cryptocurrencies become increasingly mainstream. We saw positive market signs throughout 2019, and that could make 2020 a record year for cryptocurrencies.
What are the best cryptocurrencies to buy in 2020? Which coins offer the best investment opportunity today? Which digital tokens have their brightest days ahead of them?
Keep reading as we highlight the top 20 cryptocurrencies to buy for 2020.
Bitcoin (BTC)
Bitcoin (BTC) is the king of the crypto world. It’s the world’s most dominant cryptocurrency, accounting for 60% of the total cryptocurrency market share. When bitcoin rises or falls, the rest of the market tends to follow. Whether you’re getting into crypto for the first time or an advanced crypto user, there’s nothing wrong with investing in bitcoin. It’s a tried, true, and proven cryptocurrency with plenty of infrastructure to support it. Optimistic investors will point to price predictions calling for BTC to hit $100,000 by the end of 2020.
Bitcoin Price 2019 High: $13,793 BTC/USD exchange rate value
Bitcoin Price 2019 Low: $3,444 BTC/USD exchange rate value
Bitcoin Price All Time High: $19,892 BTC/USD
Ethereum (ETH)
Ethereum (ETH) is the world’s second-largest cryptocurrency by market cap. Launched in 2015, ETH has risen to become a viable competitor to bitcoin as king of the crypto world. One of the biggest reasons for optimism with ETH is that it works in a much different way than bitcoin and other cryptocurrencies. ETH is used by the decentralized apps built on the Ethereum blockchain. Those decentralized apps make use of Ethereum’s killer features like decentralized governance, smart contracts, and more. Ethereum has one of the most active developer communities in the crypto space, and there’s no reason to believe Ethereum’s momentum will slow down anytime soon.
Ethereum Price 2019 High: $350 ETH/USD
Ethereum Price 2019 Low: $103.41 ETH/USD
Ethereum Price All Time High: $1,396 ETH/USD
Ripple (XRP)
XRP is a digital token that plays a crucial role in Ripple’s ecosystem. Ripple, a private Switzerland-based financial services company, has tried to distance itself from XRP to avoid having the token labeled as a security. However, XRP’s value is closely connected to Ripple’s products and services to this day. As Ripple expands its banking services to institutions worldwide, the value of XRP has continued to surge. Specifically, Ripple and XRP enable banks to settle cross-border payments in real-time with end-to-end transparency and lower costs. XRP is also unique in that it doesn’t have to be mined. XRP is currently ranked as the world’s third-largest cryptocurrency by market cap, although it has occasionally surged past ETH to take the second position behind only bitcoin.
XRP Price 2019 High: $0.48 XRP/USD
XRP Price 2019 Low: $0.25 XRP/USD
XRP Price All Time High: $3.05 XRP/USD
DigiByte (DGB)
DigiByte (DGB) is a digital token founded in 2014 by lead developer Jared Tate. DigiByte’s goal is to increase transaction speed and security while operating in a decentralized environment. True to its goals, DigiByte’s technology performs better than most other cryptocurrencies. It’s 40 times faster than bitcoin, for example, because it has 15 second block times, making DGB the fastest token on the UTXO blockchain. DigiByte also made headlines for becoming the world’s first blockchain to implement Segregated Witness (SegWit), which means transaction confirmations are kept separated from information stored within the block, helping DigiByte achieve faster transactions without compromising security. The ultimate goal of DigiByte is to create a global payment system accessible to people around the world.
Litecoin (LTC)
Litecoin (LTC) was launched back in 2011 as a faster, more lightweight alternative to bitcoin. Litecoin took bitcoin’s core code and changed certain metrics to speed things up. Today, LTC continues to offer 4x faster block times than bitcoin (2.5 minutes instead of 10 minutes) and 4 times as many tokens (84 million total supply instead of 21 million). LTC creator Charlie Lee infamously sold all of his LTC holdings at the height of the market back in 2018, and some believed that would be the death of LTC. Litecoin, however, continues to go strong, and merchant adoption is growing for the popular cryptocurrency.
Maker (MKR)
Maker (MKR) is the proprietary token for the Maker digital ecosystem. One of the most unique things about MKR is its low total supply: there’s a total supply of just 1 million MKR tokens. Maker hit its highest ever price on January 20, 2018, at $1,687.86. Heading into 2020, MKR is priced at around $550. Many other tokens have lost 90% or more of their value from their all time highs back in 2018, which makes MKR look impressive by comparison. Moving forward, Maker will continue to be a smart contract platform on the Ethereum blockchain that backs and stabilizes the value of the stablecoin DAI through a system of collateralized debt positions (CDPs), autonomous feedback mechanisms, and incentivized external actors. MKR tokens are used to pay transaction fees in the Maker ecosystem, and MKR token holders have voting rights within that ecosystem. If you believe in the DAI stablecoin and its unique decentralized balancing mechanism, then MKR may be the right choice for you.
Binance Coin (BNB)
Binance Coin (BNB) is arguably the most successful crypto exchange coin in the world today. Heading into 2020, BNB is worth around $15, down from its all-time high of $38.82 in June 2019. As long as Binance remains a popular exchange, and as long as BNB tokens can be used to pay transaction fees on Binance, BNB will continue to have considerable value. Some people buy BNB because they regularly trade high volumes on Binance and want to save money. Others buy BNB as an investment, believing that the Binance exchange will continue to be popular moving forward.
Cardano (ADA)
Cardano (ADA) was created in September 2017 by Charles Hoskinson, one of the co-founders of Ethereum. At first glance, ADA seems like it offers many of the same benefits as Ethereum: Cardano lets developers build decentralized apps and smart contracts, for example. Moving forward, Cardano and the ADA token aim to solve some of the biggest issues facing cryptocurrencies around the world: interoperability and scalability. Cardano’s developers are specifically focused on tackling the international payments space, reducing the time and cost of international money transfers. Using ADA, banks can reduce international payment times from several days to just a few seconds.
Chainlink (LINK)
Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. That network allows Ethereum smart contracts to securely connect to external data sources, APIs, and payment systems. A sports betting smart contract may use Chainlink to connect to third-party football scores, for example, and then use those scores to execute the contract. The unique selling feature of Chainlink is that the development team figured out how to get information in and out of a blockchain in a way that was still secure, trustworthy, and decentralized. LINK is also one of the few tokens that have gained significantly in recent months: as BTC, ETH, XRP, and LTC have fallen towards the end of 2019, LINK has more than doubled. Going into 2020, LINK is sitting at a price of around $2 a piece, down from its all-time high of $3.90 reached in July 2019.
Crypterium (CRPT)
Crypterium (CRPT) is priced at around $0.40 as we head into 2020, down significantly from its all-time high of $3. Today, CRPT has a market cap of around $37 million. CRPT isn’t the best-known name on this list. So why did we pick it as one of the top 20 cryptocurrencies for investors in 2020? Well, CRPT hodlers have reasons for optimism in the future. CRPT is an Ethereum-based token that works as the ‘fuel’ for all crypto-fiat transactions available within the Crypterium Wallet. Over the course of 2019, Crypterium’s developers added support for cashouts, Crypterium Card top ups, and cryptocurrency purchases. One of the most unique parts about Crypterium, however, is that the 0.5% transaction fee is used to burn CRPT tokens. Every time someone makes a transaction within Crypterium, the circulating supply of CRPT tokens drops. That could pay huge dividends for investors in the future.
0x (ZRX)
0x (ZRX) is a permissionless protocol that provides the infrastructure to facilitate the creation of decentralized exchanges on the Ethereum blockchain. 0x uses off-chain transaction relayers and Ethereum smart contracts to provide an open order book and decentralized exchange. The ZRX token, meanwhile, functions as payment to relayers by the users of the protocol. It’s also a governance token for protocol upgrades. Heading into 2020, ZRX is priced at around $0.25, down significantly from its all time high of $2.53 in January 2018. ZRX token holders may have reason for optimism moving forward, although critics will point to the fact that ZRX faces stiff competition from competitors like Binance DEX and other decentralized exchange platforms.
EOS (EOS)
EOS is one of the newest digital currencies on our list. Launched in June 2018 by cryptocurrency pioneer Dan Larimer, EOS first made headlines with its $4 billion ICO, which was one of the longest and most profitable ICOs in history. Unique selling features with EOS include its delegated proof of stake mechanism, which achieves consensus in a different way than most major cryptocurrencies. EOS also has no mining mechanism; instead, block producers generate blocks and are rewarded in EOS tokens based on their production rates. EOS’s governance system is built on a complex set of rules. Although EOS experienced growing pains with its governance structure at launch in 2018, it continues to gather momentum moving into 2020. EOS is currently priced at around $2.70, down from its all time high of $23 in August 2018.
Stellar (XLM)
Stellar (XLM) was launched in 2014 to provide ultra-fast digital currency payments. It also made a handful of early investors very wealthy: at launch in 2014, XLM was trading hands for less than a penny. In January 2018, XLM hit an all-time high of $0.94. Heading into 2020, XLM is priced at around $0.06. The fast payment system and rock-solid development team could continue to build momentum for XLM moving forward, although XLM continues to face competition from every other digital currency that emphasizes high-speed transactions.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is one of the most unique cryptocurrencies on this list. It’s an Ethereum token that powers the Brave browser’s blockchain-based digital advertising platform. The Brave browser continues to grow for mobile and desktop users. It’s the only browser in the world that pays you to use the internet: Brave rewards internet users with a portion of the advertising revenue based on ads they have viewed. It’s all powered by blockchain technology and the Basic Attention Token. You’re not going to get rich with the Brave browser, although BAT could legitimately disrupt the entire digital ecosystem as we know it. Heading into 2020, BAT is priced at around $0.20, down from its all-time high of $0.98 reached in January 2018.
Kyber Network Crystal (KNC)
The Kyber Network Crystal (KNC) is a digital token that offers seamless token swaps anywhere. It’s a decentralized, peer-to-peer crypto-asset exchange built on Ethereum. With the Kyber Network, a dynamic reserve pool allows the network to maintain its liquidity while keeping swap exchanges as cheap and fast as possible. KNC hit its all time high of $5.32 in January 2018. As we head into 2020, KNC is priced at around $0.18. KNC is a deflationary ERC20 token used by Reserve Managers in the Kyber Network to pay exchange fees for on-chain exchanges. The ‘deflationary’ part of KNC is important: a portion of KNC gets burned in every transaction. The biggest reason for optimism with KNC is that it solves a crucial liquidity problem faced by many centralized exchanges.
Crypto.com (MCO)
MCO is a digital token used to access a range of products and services. Today, the key feature of the network include its MCO Visa cards, the MCO wallet, and portfolio building services. The ecosystem is operated by Crypto.com, which originally started the project under the Monaco brand name. Moving forward, Crypto.com plans to continue with its mission of fueling “the world’s transition to cryptocurrency”. At the most basic level, Crypto.com and its MCO token are making crypto more accessible and usable with tools like prepaid visa cards and mobile wallets. The Crypto.com/MCO Visa cards also come with unique benefits, including 10% cashback on Airbnb and Expedia and a 100% purchase rebate for standard Spotify and Netflix subscription plans. The prepaid card currently supports the Singapore Dollar (SGD), allowing you to spend your bitcoin balance anywhere SGD is accepted.
Ripio Credit Network (RCN)
Ripio Credit Network (RCN) tokens are way down the crypto market cap list. As we move into 2020, RCN tokens sit outside the top 120 cryptocurrencies by market cap. So why do some believe RCN tokens are one of the best investments for 2020? Well, the Ripio Credit Network is an open global credit network that connects lenders, borrowers, and loan originators on the blockchain to create frictionless, transparent, and borderless debt markets. That’s a fancy way of saying that Ripio Credit Network makes it easier for anyone, anywhere in the world, to get a loan or lend money to earn interest. If successful, the project could change the global banking sector – and it’s all powered by the RCN token.
Tierion (TNT)
Tierion (TNT) is an Ethereum-based token used as part of the Tierion platform for data verification. Tierion turns the blockchain into a global platform for verifying any data, file, or business. TNT allows blockchain users to store, share, and verify huge amounts of data in a single, fast transaction. Moving into 2020, Tierion works with over 500 apps to verify on-chain data. As the number of apps supporting Tierion continue to grow, we can reasonably expect the value of TNT to rise.
Decred (DCR)
Decred (DCR) is an open-source bitcoin fork that emphasizes development funding, on-chain governance, and consensus mechanisms. Founded in 2016, DCR wants to solve bitcoin’s inefficiencies while creating a truly autonomous digital currency. With DCR, stakeholders make the rules using an innovative consensus voting model. The end result is a digital currency controlled by the people who hold it, free from outside third parties and other influencers. Moving into 2020, the Decred development team aims to create an innovative hybrid proof of work (PoW) and proof of stake (PoS) consensus voting system, a censorship-resistant blockchain-anchored public proposal platform, and smart contracts, among other features.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) launched on August 1, 2017, after a rift within the bitcoin development team. BCH’s developers wanted to remove blocksize limits to improve the on-chain scalability of bitcoin. Today, BCH developers continue to emphasize bitcoin’s value as an everyday payments mechanism, while BTC developers tend to focus on bitcoin’s value as a long-term form of wealth storage. Despite seemingly endless controversies and attacks from bitcoin maximalists, BCH continues to be one of the world’s top cryptocurrencies by market cap. BCH also survived the November 2018 hard fork that created two versions of BCH, which today are known as Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV). If you believe in the value of bitcoin as a daily payment option, then BCH could be a smart investment.
Honorable Mentions and Sleeper Candidates
TRON (TRX): Tronix (TRX) is the digital currency for the TRON blockchain. The goal of TRON is to create a decentralized version of the internet. Today, TRON is already one of the largest blockchain-based operating systems in the world, offering high scalability, throughput, and availability. As TRON usage continues to grow moving into 2020, the value of TRX can be expected to rise.
Tezos (XTZ): Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. The platform offers secure, institutional-grade smart contracts, solving key blockchain technology barriers like smart contract safety, long-term upgradeability, and open participation. All Tezos token (XTZ) holders can participate in network upgrades by evaluating, proposing, or approving amendments. Token holders can also help secure the network by baking or delegating tokens.
DigixDAO (DGD): DGD is the native Ethereum-based token governing the Digix network. The decentralized autonomous organization supports tokens tied to physical assets. Digix Gold (DGX), for example, is tied to the price of gold. In the future, the platform plans to support other DG tokens that represent silver, platinum, and other precious metals. DGD reached its all-time high of $600 in February 2018. Moving into 2020, DGD sits at just $17.
Komodo (KMD): Komodo is an open, composable smart chain platform. The unique feature of Komodo is that it supports transparent, anonymous, private, and fungible transactions. Komodo is ending 2020 ranked in the top 60 cryptocurrencies by market cap with a current value of around $0.65, down from its all-time high of $10 reached in December 2017. Moving forward, Komodo plans to focus on business-friendly blockchain solutions that are secure, interoperable, scalable, and adaptable.
Monero (XMR): The ultra-secure, privacy-focused cryptocurrency is untraceable, and untraceable currency will always have value on the internet. Whether using XMR for black market activities or just wanting your money movements to stay private, Monero is an excellent option.
Zcash (ZEC): ZEC is a decentralized, open-source cryptocurrency launched in 2016. If you think of bitcoin as HTTP, then ZEC is HTTPS. It’s a more secure cryptocurrency that still publishes and records all transactions on a blockchain, but with details about the sender, recipient, and amount remain private. In a world where privacy is becoming increasingly rare, cryptocurrencies like XMR and ZEC will continue to have value.
Siacoin (SC): Siacoin (SC) uses blockchain technology and cryptocurrency to fuel a low-cost cloud storage solution. Although development progress has been slow, SC could legitimately disrupt the billion-dollar cloud storage industry at some point in the future. The core feature of SC is that it lets you use your underutilized hard drive space to earn money. Anyone who needs storage space, meanwhile, can spend SC to access that storage space. Files are encrypted and distributed across the Sia decentralized cloud.
Enjin Coin (ENJ): Enjin was first founded as a gaming community platform called the Enjin Network back in 2009. In 2017, Enjin decided to break into the crypto space with an ICO that reportedly raised $18.9 million. Today, the Enjin ecosystem includes the Enjin Platform, Explorer, Wallet, and Beam, all of which empower gamers with ownership of digital assets while also allowing game developers to earn revenue.
Enigma (ENG): Enigma aims to secure the decentralized web using its decentralized open-source protocol. The Enigma protocol lets anyone perform computations on encrypted data, bringing privacy to smart contracts and public blockchains.
Solve (SOLVE): Solve aims to use blockchain to disrupt the healthcare administration space. The Ethereum-based SOLVE token is required to participate in the platform and make transactions. As the usage of the Solve platform continues to grow among healthcare providers worldwide, the value of the SOLVE token can be expected to rise.
Best 2020 Cryptocurrencies List: Top Cryptoasset Investments to Buy Investor Disclaimer
Trading and investing in cryptocurrencies (also known as digital or virtual currencies, cryptoassets, altcoins, tokens, etc.) is risky. We are not a registered broker, analyst, investment advisor, or anything of that nature. The information above is provided purely for guidance, informational, and educational purposes. We recommend independently verifying and confirming all the information contained on this page. We do not accept any liability for any loss or damage whatsoever caused by our information. Cryptocurrencies are not suitable for all investors, and all cryptocurrency investments are made at your own risk and discretion.
Aziz, Master the Crypto Founder
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post Top 20 Best Cryptocurrencies to Buy in 2020 appeared first on Master The Crypto.
Palm Beach Confidential is a company that offers cryptocurrency services in the form of recommendations to consumers. These recommendations can be found through participating in the online service. At Master The Crypto, we specialize in cryptocurrency investment and trading analysis and the Palm Beach Confidential research group led by Teeka Tiwari is one of the leading crypto newsletter services to take a second look at.
What is Palm Beach Confidential?
The cryptocurrency industry is filled with scams and difficult-to-understand jargon. However, there are many services online nowadays that can help to clarify this sector a little more. One of these programs is Palm Beach Confidential, which is a cryptocurrency service that recommends different crypto assets. According to the website, the majority of the cryptocurrencies that they recommend have under $1 billion in market cap.
The whole of the Palm Beach Confidential service and the company is driven primarily by Teeka Tiwari.
About Teeka Tiwari
Teeka Tiwari’s name has been involved with the financial world for quite some time. He’s even lauded as one of the best crypto analysts in the world, but his role with this company is as the editor of the flagship service from Palm Beach Research Group – The Palm Beach Letter. However, his work is found in all of the products available from Palm Beach Group.
Tiwari originally entered the United States at age 16, securing a position as the youngest employee at Lehman Brothers two years later. By age 20, he established himself as the youngest vice president ever at Shearson Lehman. While he managed to make a small fortune during the Asian crisis in 1998, his greed got the best of him, resulting in a lot of everything he’d acquired. However, he rebuilt his wealth in a matter of two years, eventually launching a hedge fund.
With his new understanding of risk in the market, Tiwari prioritized risk management in his products. The advice he gives to consumers nowadays focuses on safe ways to grow funding. He’s been featured for his work on major news programs and channels, including The Daily Show with Jon Stewart, ABC’s Nightline, and CNBC, among others.
Tiwari’s advice to consumers involves a strategy that he calls “asymmetric investing.” This type of investment, as Tiwari describes it, allows consumers to only use a small amount of money to secure massive gains, and he has used the technique to develop his own massive crypto portfolio.
Purchasing Palm Beach Confidential
The total cost of a year of access to Palm Beach Confidential is $5,000, which is for a subscription that will continue to be charged annually until cancelled. However, consumers that find that this product doesn’t suit their needs can give up their access any time in the 12-month period for a full refund.
When consumers order their subscription, the value is substantial. In their order, consumers will get a new issue of Palm Beach Confidential around the third Thursday each month, offering ideas that may help the member gain 1,000% or more on their investments. Members will also get updates every other week to learn more about the current coins that should be in any investor’s portfolio. However, the actual issues of Palm Beach Confidential is just one part of the entire digital package that consumers will get.
Members will also receive access to:
Palm Beach Confidential July 2018 Action Plan: Which Cryptocurrencies to Buy Now
The Blockchain: Your “Backdoor” to Cryptocurrency Fortunes
Unlimited access to Teeka’s Crypto Corner
Palm Beach Confidential July 2018 Action Plan: Which Cryptocurrencies to Buy Now offers the current recommendations of Tiwari, showing opportunities for consumers to profit.
The Blockchain: Your “Backdoor” to Cryptocurrency Fortunes show the top three picks that Tiwari has for blockchain technology. It also features training videos for members to watch.
The Crypto Corner offers a wealth of different media for consumers to pick apart, like additional trading videos, special reports, and a list of frequently-asked questions that show consumers how to get started. The resources will also show how consumers can get involved with nearly any cryptocurrency on the market, regardless of their location, as well as where cryptocurrency can be stored safely and other details.
Videos in the Crypto Corner
Though not advertised on the official website, users of the subscription have posted information about the videos available with Crypto Corner. Some of those videos include:
How to Buy Cryptocurrencies, which shows the most common questions that consumers ask, as well as details about some of the cryptocurrency wallets that Tiwari recommends.
The Cryptocurrency Quick-Start Guide, which explains some details about getting involved in the industry quickly, considering the fast-moving pace of the industry.
Cryptocurrency Wallets, which features a table to help the subscriber determine the best wallet for their particular needs.
Without purchasing access, it is unclear if other videos are presently available, though it appears that additional products are to come.
Reviews of Palm Beach Confidential
On the website for the Palm Beach Group, there are multiple reviews that they display from customers. Some of these reviews show investments of $12,000 that have reached $239,000 in value, or smaller investments around $300 that have risen as high as $125,000 today. For reviews outside of the official website, all that’s needed is a quick search online.
One of the top reviews on Google comes from JeffLenney.com, who hosts a personal blog and works with affiliate marketing and SEO. Stating on his website that he’s worked alongside “some of the BIGGEST names in the online industry,” he expressed a positive attitude about his own results. He stated that the newsletter is easy to get involved in, and that new users are given access to a four-step guide that quickly gets consumers started.
Focusing on the “100% Newbie Friendly” aspect of the program, his video can be found here.
Another blog, Anna’s views (https://annasviews.com/) posted an experience with the program in September this year, warning, “After getting Palm Beach Confidential I thought I was the queen of the world, until it all came crushing down.” The writer explains that the recommendations took her into investments with up to 100,000% gains, but she made a mistake – “I got greedy.”
Anna explains, “It’s like Warren Buffet says, ‘it is wise to be fearful when others are greedy and greedy when others are fearful.’ That’s exactly the opposite of what I did. Instead of listening to Teeka and investing small amounts into each recommend position, I got greedy. So greedy, that I started buying every crypto newsletter I could find to get more recommendations. As you can probably guess that did not end well.” Read more about her experience by visiting her website.
MLM Companies issued their own review of Palm Beach Confidential, questioning if the newsletter is a scam. As they point out that the cryptocurrency industry is still rather new, the writer states that a little help is sometimes needed to navigate the market. The blog adds, “I think Palm Beach Confidential can do this for you given the success of both Teeka’s recommendations and his general investment strategy. Some critics will point out that Teeka made some ambitious Bitcoin predictions that failed to materialize. However, I don’t think that’s a strike against him as no expert is infallible.”
Additional reviews can be found at Yelp.com, though some consumers state that the only downside of this newsletter is the customer service team. These reviews can be found at https://www.yelp.com/biz/palm-beach-confidential-boynton-beach.
Other Products Offered by Palm Beach Group
Despite the opportunities that Palm Beach Confidential already offers consumers, there are other investment-related products that consumers can purchase, like:
The Palm Beach Letter
Palm Beach Trader
Palm Beach Crypto Income Quarterly
Teeka Tiwari’s Alpha Edge
Palm Beach Venture
Palm Beach Quant
The Palm Beach Letter is the flagship product for Palm Beach Group, which recommends assets that can provide income, while also addressing “smart speculations.” This advisory costs $199.
Palm Beach Trader is an advisory service for trading. Jason Bodner, an editor and former trader on Wall Street, offers stocks to institutional investors, using a set of algorithms that he developed himself. It is available for $3,000.
Palm Beach Crypto Income Quarterly is another service, which brings consumers cryptocurrencies that come with massive dividends, providing an income regardless of the activity in the market. It is available for $3,500.
Teeka Tiwari’s Alpha Edge is a service that allows individuals to beat the averages that investments typically make, giving consumers an advantage over the competition. It is available for $3,000.
Palm Beach Venture is run by Teeka Tiwari, showing the strategies that he’s taken to create massive gains in his own life. While these methods were previously for millionaires and other rich investors, this elite strategy can be accessed by everyday consumers for $3,500.
Palm Beach Quant is the final product of the ones offered to Tiwari, showing decades of price data to predict how the price of stocks has moved over time. Within just a few days, the creators state that consumers can generate hundreds and thousands of dollars a month. The product can be purchased by $5,000.
As an 2020 Palm Beach Confidential update regarding Teeka Tiwari, here is a preview of what else Mr. Big T is involved with a project he launched called Freedom 2020.
Freedom 2020 by Teeka Tiwari: Event Details and Insights
Hey crypto family, Happy 2020 and beyond to you all!
The new decade is dawning upon us and Teeka Tiwari’s Freedom 2020 event is already here, plus the Crypto Oracle shares his insights on the two major catalysts coming to the cryptocurrency market in the first year of the new decade.
While information is limited until the presentation starts, Teeka is calling his 2020 Freedom event his number one wealth-building opportunity this year, due to an exclusive chance at getting in on a pre-Nasdaq listed Initial Public Offering (IPO) deal with a billionaire at the helm. Mr. Big T, the man who always lets the game come to him, wants to ring in the new year with a high-potential investment opportunity to ‘reach financial freedom’, hence the name .Freedom 2020′.
Here’s a quick summary of Teeka Tiwari’s Freedom 2020 details, his first event of the decade for those interested in attending:
Name: Freedom 2020
Creator: Teeka Tiwari (Nickname: Crypto Oracle)
Date: January 8, 2020 8PM EST
Tagline: “A Lifetime of Wealth on IPO Day”
Slogan: “The #1 Wealth-Building Opportunity of 2020”
Host: Unknown
Description: Billionaire’s Pre-IPO Deal that closes in less than 30 days
Cost: event has limited space but free to watch, invest as little as $250 into Pre-IPO deal
Goal: single day market play that pays for your whole retirement (ambitious)
Let’s review the current Freedom 2020 fact sheet and research what is made available to-date about Teeka’s new money-making investment opportunity.
What is Freedom 2020 by Teeka Tiwari?
By now, Teeka Tiwari is one of the most trusted cryptocurrency experts in the world; traveling not only coast to coast, but country to country and island to island to sift through all of the biggest and most exciting investment opportunities available today.
The reputation Teeka has established for himself is essentially predicated on the results he produces from the research he publishes to his growing memberbase about all the various verticals he operates in like cryptoassets, cannabis and traditional stock markets. Using colorful marketing language and catchphrase worthy event names like 5 Coins to $5 Million (or even Freedom 2020 has a nice ring to it right?) combined with powerful advertising methods has put Teeka on the map when it comes to making money online and the Freedom 2020 event seems to stay the course of what those in the know and on the go with Mr. Tiwari are accustomed to seeing over the years.
Teeka’s statements are usually short and sweet, and directly to the point – and the Freedom 2020 opportunity is centered around making a strategic investment into a Pre-IPO deal that will be listed on the Nasdaq stock exchange soon but is currently not yet which makes this a ‘big flip’ due to a billionaire-backing and insider analysis that he says is drawing huge interest from heavy hitters.
As a prominent online personality and public figure, Teeka usually presents a unique approach to his attendance. He does well at explaining the macro just as well as the micro because he is a boots on the ground, belly to belly handshaking type of character who has built up an impressive track record of who he connects and networks with globally. That trust of knowing the who’s who leads into him understanding what’s what and his skilled research team at Palm Beach Confidential puts together very needle-moving presentations on where the hockey puck is going next so all of his loyal followers can start skating there first.
Teeka’s multi-market background of being a high-up Wall Street suit to an early investment pioneer in cryptocurrencies and cannabis companies has allowed him to flourish in the financial industry as a leading investment advisor (despite always making disclaimers with full disclosure that he does not give personal investment advice). The guy has a very verifiable history of showcasing his entire playbook to his reader-base and it seems the Freedom 2020 event will be much of the same regarding his enthusiasm about his Pre-IPO opportunity with a billionaire as a supporting cast.
What’s on the inside of Teeka’s Freedom 2020 event appears to be in high demand, even from deep-pocketed Venture Capitalists (VCs) who are apparently very intrigued by the trending opportunity Tiwari is going to share should you sign up and join his Freedom 2020 movement.
On his official Freedom 2020 event page, he asks spectators to imagine waking up to see portfolio gains like Google at 1,500,000%, Amazon at 9,165%, Facebook at 200,000% or Yahoo at 8,100% to name a few. He believes these types of staggering numbers are what lies ahead for the Freedom 2020 investment seekers once the pre-initial public offering goes public on IPO day.
Freedom 2020: Venture Capitalists, IPOs and the JOBS Act?
Whether or not a windfall of profits transpires beyond your wildest dreams, it would be wise to advise everyone to watch Freedom 2020 to at least witness what all the fuss is about and get a glimpse if this is a type of game you want to play in the new year.
The gist of the Freedom 2020 guide is to invest into a pre-IPO opportunity that has a billionaire’s support; but the twist of it hinges on once the JOBS Act passed, companies were encouraged to go public because it helped engagement happen between investors and companies/corporations over the interest and feedback of what the business plan was with more clarity and insider intel. And while now most Venture Capitalists are the gatekeepers to the ground-floor investment world, Teeka looks to leverage his highly-connected network and sprinkle down his knowledge of where he is placing his own funds into and why.
What’s Next? Watch for Free
The Freedom 2020 by Teeka Tiwari live broadcast event is January 7 at 8PM EST. Everyone must register with an email address to receive the instructions and links to attend the webinar.
Teeka has previously always made good on his promises and presentations, never shilling anything externally and only what he believes he and his team have put together using all of their years of experience, knowledge and insight. Is Freedom 2020 legit? It is, based on the simple fact that Teeka Tiwari is a forward-facing futuristic mentor-style professional who keeps things entertaining as well as educational.
Also, in closing, Teeka may drop in some bullish digital asset analysis about the bitcoin halving as well as all of the innovations happening on Wall Street to bring cryptoasset financial products to the mainstream masses in 2020 and beyond.
As our loyal readership knows, from a website who prides itself on delivering in-depth cryptocurrency guides on trading, investing, using exchanges and wallets, researching various altcoins, to breaking down the economics of the bitcoin and the everything in-between the blossoming blockchain industry, it is a very easy recommendation to give all of our visitors about attending the free Freedom 2020 broadcast and see what The Crypto Oracle Teeka Tiwari has to say about his Pre-IPO investment deal meant to enrich his followers.
Summary
The general consensus amongst reviewers and the subscription itself is that 2020 will prove to be a big year for the cryptocurrency industry, much like 2016 and 2017. With such a big moment expected, consumers that aren’t involved in the industry already will likely need a little guidance. By avoiding the mistakes that other users have taken – like getting greedy – there’s a chance that consumers could see impressive gains with Palm Beach Confidential’s advice. With the money-back guarantee, there’s little for consumers to lose.
To get ahold of Palm Beach Group, consumers can contact the customer service team by calling 1-888-501-2598 on weekdays from 9:00am to 7:00pm EST. The team can also be emailed through a link on the official website.
Aziz, Master the Crypto Founder
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post Palm Beach Confidential: Crypto Market Research Group appeared first on Master The Crypto.
While cryptocurrency news websites are a dime a dozen, some investors and traders prefer to get their bitcoin and blockchain news from aggregators.
With each passing day, the crypto world continues to witness an influx of more and more technological developments that, quite frankly, are impossible to keep up with. In this regard, over the last 4-5 years, the global altcoin community has seen the rise of many news aggregation tools that allow crypto investors to keep a close track of all the important happenings taking place within the world of digital finance in an easy, streamlined manner.
In this article, we will look at some of the most efficient news aggregators that altcoin enthusiasts have taken a liking to because of their overall utility, speed, and trustworthiness. So without any further ado, let’s jump straight into the heart of the matter.
CryptoPanic
Cryptopanic is one of the most reputed crypto news aggregation platforms available in the market today. It is designed to cover a wide array of information related to digital currencies (both large and small) as well as a host of other projects related to this burgeoning domain. Additionally, owing to the platform’s overall ease of use, CryptoPanic makes it extremely easy for users to skim through huge volumes of news without missing out on any events.
Crypto Pro
A quick look at Crypto Pro’s native UI shows us that the app offers users with much more than just news stories. For starters, the platform’s mobile app comes pre-built with many specialized crypto data modules that help sort out real-time news into specific categories seamlessly. Additionally, the app is extremely easy to use and can be navigated through with the touch of a button.
Other key features related to Crypto Pro that make it unique include:
Crypto Trader Support: The platform has been designed bearing digital currency traders in mind — such that it provides these individuals with a host of pertinent data like real-time exchange rates, price predictions, etc.
Customization Options: Another tool that is unique to Crypto Pro is its ability to allow users to set price and news alerts that are tailored exclusively for the various assets present in their different wallet accounts.
Integration Capacity: The platform comes laden with several easy integration options that allow the app to easily assimilate itself with the APIs of various crypto exchanges. This allows not only allows for easier data syncing bit also makes portfolio tracking much more hassle-free.
Lastly, Apple users will be pleased to know that Crypto Pro comes with a special app module that has been designed exclusively for Apple Watch users.
CryptoControl
CryptoControl is an intuitive news aggregation platform that has been designed for professional crypto traders as well as casual altcoin enthusiasts. Apart from its news collection abilities, the platform also comes pre-built with a social aggregator that allows for a wide array of community-generated content across Twitter and Reddit to be delivered to its users in an almost instantaneous fashion. And while the interface might not be as sophisticated as some of its other digital counterparts, CryptoControl more than makes up for any such issues by offering its users with a massive amount of crypto-related information.
Other key features:
News Heatmap: CryptoControl comes with a heat map that allows users to visualize the day’s top news stories according to their overall importance and relevance.
Terminal Trading: While the feature is not live yet, the trading terminal portal will allow users to complete arbitrage trades across a host of different altcoin exchange platforms. This feature is ideal for those individuals who want to make the most of the price differences available across different digital currency exchanges worldwide.
CoinSpectator
CoinSpectator provides its readers with well-curated news feeds from various social media platforms such as Twitter, Reddit. Not only that, but the platform also pulls a wide array of information regarding ICOs, which are to be launched soon as well. Other details worth noting:
CoinSpectator comes with a price tracker that provides its users with live updates regarding the top 16 cryptocurrency assets in the market today.
The platform offers its users with free email updates regarding all of the significant changes taking place across the global cryptocurrency sector on a regular basis.
CryptoGoat
CryptoGoat is considered by many digital currency enthusiasts as being an excellent source for a wide variety of crypto-related news. And while the overall interface of the platform is quite bland and uninspiring, the sheer number of news-related features that the app offers makes it extremely appealing.
Another core aspect of CryptoGoat is that it filters out “fake news” with a high degree of efficiency and does not display any posts that have been tagged as sponsored content. In fact, the platform only collects news from trustworthy media outlets such as Cointelegraph, BitcoinExchangeGuide, Coindesk, etc.
CryptoCoin.Pro
CryptoCoin.Pro focuses on bringing customized crypto news to its users by weeding out repetitive content using a host of unique filters. In this regard, it also bears mentioning that the platform covers a lot of data related to the global ICO market — thereby allowing enthusiasts to stay up to date with various upcoming projects that are relevant to this field. Other core aspects of CryptoCoin.Pro include:
The app offers its users with an amazing selection of e-books that are dedicated to blockchain/crypto tech.
The website also comes with a section called ‘Did You Know’ that includes various unique facts related to various cryptocurrencies.
CoinLive
CoinLive is another news aggregator source that has become extremely popular over the last year or so. The website offers its readers with a highly detailed list of all the crypto news taking place all over the globe as well as an overview of the global digital asset market in a manner that is not only easy to understand but also quite straightforward. In addition to this, Coinlive also comes replete with a host of video content that is designed exclusively for newer crypto enthusiasts who may not be very knowledgeable about various topics related to the crypto market. Other key facets of the platform include:
Market Analysis: The platform features a lot of analytical data that can allow users to make more informed decisions when trading their assets.
Attractive Interface: Coinlive makes use of an aesthetically pleasing interface that is easy to navigate and control.
Lastly, it also bears mentioning that the system has been designed to incorporate a large selection of cryptocurrency and blockchain-based educational tools that are absolutely free to use.
Coinlib
Coinlib is another news source that is perfect for users looking to acquire a wide variety of curated crypto content. However, the platform is more than just a news portal because it comes laden with a number of other digital modules as well. These include:
Price alert options
Specialized crypto-analysis and other associated charts
Individual coin data
Portfolio tracking
All of the aforementioned features are presented to the platform’s users in a highly simplified manner and in real-time. Furthermore, Coinlib also features a tool called the “best price explorer”, which as the name suggests allows traders to take advantage of various arbitrage opportunities that may be available to them at any point of the day or night.
BitColumnist
BitColumnist makes use of a straightforward, no-frills approach to news aggregation. The platform’s interface is extremely basic but provides users with all the data they could possibly need to stay up-to-date with the latest in the world of crypto finance. Additionally, it also bears mentioning that much like other premium news sources like CryptoGoat, BitColumnist too gathers data only from respected publications such as BitcoinExchangeGuide, CoinTelegraph, and CoinDesk.
CCowl
CCowl is the perfect aggregator for those who wish to stay up-to-date with all of the changes taking place within the global crypto news cycle. The website comes with a built-in filter that weeds out any news that is unverified or lacks adequate citations to prove its veracity. Additionally, CCowl only features news from sources such as CoinDesk, Cointelegraph, and BitcoinExchangeGuide. Other features worth noting include:
Market Index: The platform comes with its personalized internal market index that can be used to track the market capitalization of more than 50 digital currencies.
Compatibility: CCowl has been devised in such a way that it can acquire real-time data from a number of reputable crypto trading platforms such as Kraken, Binance, Bittrex, and Bitfinex.
FAWS
FAWS as an aggregation platform that provides its users with not only amazing crypto news content but also comes loaded with other useful features such as:
Personalized price alerts
Portfolio tracker
Altcoin price checker
News accumulator which gathers information from the world’s top 37 crypto media outlets.
Owing to the usefulness of the aforementioned operational modules, FAWS serves as an ideal information avenue for traders looking to take maximum advantage of continually fluctuating cryptocurrency markets around the globe.
Cryptopys
Cryptopys is an excellent aggregation tool that collects relevant crypto news from over 100 reputable industry sources in real-time. However, what really makes this platform stand out is its in-built support for 18 different languages as well as its ever-growing resource pool that is based on a wide array of community recommendations. Lastly, in terms of its overall design, Cryptopys makes use of a simple yet intuitive interface that allows users to track their preferred crypto assets with the touch of a button.
Other relevant info:
The platform has been devised by Krypton Capital and Deco.agency — two crypto firms that have gained a lot of traction over the last couple of years.
Long-time Cryptopys community members have the power to label news items as being FUD, bullish, or bearish — thereby allowing crypto enthusiasts to sift through pertinent data in a more streamlined, hassle-free manner.
Bitlovin.com
While not as popular as many of the other news aggregators available on the market today, Bitlovin does more than a decent job of collecting news headlines from verified media sources based all over the globe. However, the core feature which sets Bitlovin apart from the rest of its competition is its dynamic news timeline that provides readers with round-the-clock news updates (ensuring that crypto investors stay abreast with the latest happenings from the world of crypto).
Hedge Maven
Even though HedgeMaven is not exclusively a crypto oriented news platform, it offers its readers with a plethora of other data related to the hedge fund industry that might be of interest to crypto enthusiasts. Some key data that HedgeMaven routinely delivers includes:
Hedge Fund regulatory information (this includes details related to Private Fund – Form ADV
Hedge Fund and other associated crypto news
Hedge Fund average indices
A detailed list of professionals working within this space
Finrazor
Finrazor can be thought of as a cryptocurrency navigator/news aggregator that covers a wide array of news related to nearly ever cryptocurrency available in the market today. Not only that, but the website also contains a large amount of information related to other associated domains such as:
ICO (Initial Coin Offerings)
Blockchain
Altcoin tech
Lastly, it also bears mentioning that along with ICORating.com, Finrazor provides its readers with a host of novel data that not many other websites do currently.
WickedZine
WickedZine.com a dynamic news feed that covers an insane amount of information related to various cryptocurrencies in real-time. The website’s landing page is divided neatly into several sections that contain stories related to Bitcoin, Ethereum and blockchain tech. Not only that, but WickedZine also offers its readers with several lucrative offers (such as Airdrops, token discounts) on a near day-to-day basis.
Intocryptonews
As the name seems to suggest, IntoCryptoNews is a simple, convenient news aggregator that provides digital currency enthusiasts with a 24-hour news feed related to the top crypto assets available in the market today. The website’s design is quite straightforward and does not feature anything too fancy. However, the platform delivers when it comes to providing users with solid educational content.
Coinna
Coinna is a news aggregator that gathers curated crypto content from several established media sources such as BitcoinExchangeGuide, Cointelegraph, Bitsonline, CoinCodex, etc. The platform features various pertinent filters that allow readers to seamlessly scroll between a wide array of topics (such as Bitcoin, blockchain, crypto mining, etc) with the touch of a button. If that wasn’t enough, Coinna also comes pre-built with a section dedicated exclusively to trading.
Crypto News
Crypto News is an aggregation portal that focuses more on things like crypto mining, initial coin offerings, blockchain tech, and specialized cryptocurrency news. The platform is currently only available to Android and iOS users — with the apps being downloadable free of charge. Some of the other key features of Crypto News include:
The platform gathers all of its news from established media outlets such as Forklog, CoinDesk, and CoinTelegraph.
It provides readers with a host of real-time analytical data as well as expert predictions and opinions.
Owing to its integrative API abilities, Crypto News allows its users to acquire different exchange rates being offered by a number of cryptocurrency exchanges in real-time.
The platform also covers other pertinent crypto-related aspects such as expert trading perspectives, global mining activities, upcoming initial coin offerings, etc.
Algory
Despite Algory not being as famous as some of its other digital counterparts, it offers its users with an array of sophisticated features that can rival almost any other news aggregator platform available in the market today. Established in 2018, some of the key features of Algory include:
The platform comes loaded with a social media module that collects crypto data from various websites such as Twitter, Reddit, Facebook, etc.
As per the company’s website, Algory currently accumulates news from over 1000 sources in real-time.
In addition to gathering pertinent headlines from trustworthy sources across the internet, Algory also has the power to acquire other related data from companies offering crypto/blockchain-related products or services.
Lastly, the platform allows its users to create dedicated workspaces as well as customized news pieces related to airdrops and lock-in deposit/withdrawals with the touch of a button.
CoinBlick
CoinBlick is an AI-driven news aggregator that allows users to acquire a large volume of personalized digital currency data seamlessly. As per several sources available online, the website gathers news related to more than 2500+ cryptocurrencies from many websites including Cointelegraph, BitcoinExchangeGuide, Twitter, and Reddit.
Berminal
Berminal is a popular news aggregation tool that allows users to acquire a host of relevant crypto-related information from a large number of trustworthy media outlets in real-time. As per data available online, the firm currently has on its roster a full-time team of professional reporters who have been tasked with the responsibility of creating and curating specialized news content that may be of interest to casual as well as serious crypto enthusiasts.
Some of Berminal’s key features include:
(i) Live Price Data: The app provides users with live prices and technical trading indicators associated with a whole host of digital currencies (including Bitcoin (BTC), Ether (ETH), etc).
(ii) Native Governance Framework: Berminal makes use of its very own governance protocol as well as a digital utility token (BERM) — that can be acquired by interested users by completing certain tasks and activities such as:
Downloading the app
Voting
Playing the app’s inbuilt BTC price prediction game (called Crypto Psychic)
(iii) Fake News Filter: Berminal comes pre-built with a native filtration tool that helps in the elimination of content that seeks to disseminate false information to crypto enthusiasts all over the world.
Conclusion
In closing out this piece, we would like to remind our readers that these days the market is replete with a number of amazing crypto news aggregators that allow their readers to make smarter investments (as well as identify/analyze the cryptocurrency market in a much more streamlined manner). Thus, our hope is that this list will in some way help you make wiser business decisions.
Aziz, Master the Crypto Founder
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post Top Crypto News Aggregators: 22 Most Popular Bitcoin News Curators appeared first on Master The Crypto.
Bitcoin (BTC) Price Prediction – March 26, 2021 On March 24, Bitcoin retested the $57,000 resistance level as the BTC price fell to the $50,350 support. The king coin corrected upward and it is consolidating above the $51,000 support. However, if this current support level is breached, BTC /USD will fall into a deeper correction.
Resistance Levels: $58,000, $59,000, $60,000 Support Levels: $40,000, $39,000, $38,000
BTC/USD – Daily Chart
Following its recent fall to $50,350 low on March 25, the bears could not capitalize on the weakness of Bitcoin to sink Bitcoin below the $50,000 psychological price level. This is because there is strong buying pressure at the lower price level. Buyers have bought the dips as Bitcoin holds above the psychological price level. A retest at the $57,000 is possible if buyers can push the price above the $54,000 support. This will propel price to resume an upward move. Nonetheless, if the bulls can reclaim the $58,000 support, the BTC price will resume upside momentum. However, if the bulls fail to move up above the $50,350 support, the bears will break the current support. This will cause Bitcoin to fall to $48,542 low. Meanwhile, the BTC price is trading at $51,654 at the time of writing.
New Zealand Allocates 5% of Its Retirement Fund to Bitcoin The New Zealand adoption of BTC is an example of Institutional uptake of BTC. The KiwiSaver Growth Strategy is a $350 million retirement plan operated by New Zealand Wealth Funds Management. It has allocated 5% of its assets to Bitcoin. According to James Grigor, the chief investment officer at New Zealand Funds Management, he stated: “If you are happy to invest in gold, you can’t discount bitcoin,” he told Stuff, a New Zealand news agency, adding that BTC will be featured in more KiwiSaver products over the next five years”. He gave an example that the Firm bought Bitcoin for the first time when it was valued at $10,000. Nonetheless, the recent development has made New Zealand Fund Management modify its offer documents to allow for cryptocurrency investments.
BTC/USD – 4 Hour Chart
Bitcoin price has fallen to $50,350 low after its rejection from the $60,000. The coin is consolidating above the $51,000 support after the bulls buy the dips. However, the Fibonacci tool has indicated a further decline if the current support is breached. The bears are attempting to break the $54,000 support. On March 25 downtrend; BTC price fell to $50.350 support. A retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that BTC is likely to fall to level 1.272 Fibonacci extension or the low of $48,542.90.
Paysafe has sealed a partnership with cryptocurrency exchange Coinbase, as it seeks market expansion in the U.S. Paysafe owns and maintains popular digital wallet Skrill.
Skrill Digital Wallet For US Customers
According to thepartnership terms, Coinbase will provide a white label solution for Skrill to aid the digital wallet’s growth in the United States. This will see customers from over 30 US states and territories trade cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin with their digital wallet.
Head of Institutional Trading at Coinbase, Brett Tejpaul, said:
“As we focus on building the crypto-economy, we look to partner with leaders like Skrill who can white-label our turnkey solution to provide and support digital assets to their clients without having to learn the nuances of building a crypto exchange.”
Following the announcement, the payments company said the expansion program would commence immediately. Skrill says it will look into strengthening its digital wallet’s features for the American consumer.
Skrill had previously launched its Skrill Visa Prepaid Card. It also brought to market Skrill Money Transfer remittance solution and Skrill Knect loyalty and rewards program.
Coinbase Adds Another Feather To Its Cap
Coinbase has had a prosperous year so far. The company, which isreportedly eyeing an initial public offering (IPO), is worth more than $100 billion.
Brain Armstrong, who is the company CEO and co-founder, has successfully navigated the crypto exchange into occupying the enviable position of being the largest Bitcoin exchange in the United States.
Rising institutional demand following crypto upsurge has seen Coinbase become the ultimate destination for companies seeking exposure to the volatile asset class.
Coinbase has high-value clients like intelligence company MicroStrategy, electric car company Tesla, and recently added Chinese tech company Meitu to its list.
Aside from giving exposure to cryptocurrencies, Coinbase has been adding many crypto projects to its platform. In a March 19post, Coinbase announced that it was adding ADA to its platform. The announcement that quickly propelled the proof-of-stake blockchain protocol to the third position will see Coinbase facilitate buying and selling Cardano’s ADA.
The San Francisco firm also said it is preparing to build a business presence in India. The company said it would initially house IT services, including engineering, software development, and customer support.
New hires will work from home before a physical office is opened in the engineering hub of Hyderabad, subject to the covid-19 protocols.
For now, the company has not posted any vacancy on Coinbase India’s careerpage.
The Bitcoin bulls prepare for a shock as the technical indicator getting ready to send the first digital asset to $45,000.
BTC/USD Long-term Trend: Bullish (Daily Chart)
Key levels:
Resistance Levels: $57,000, $59,000, $61,000
Support Levels: $45,000, $43,000, $41,000
BTCUSD – Daily Chart
BTC/USD is seen falling towards $50,000 once again as the largest cryptocurrency embarked on a support smashing exercise after failing to hold above $53,000 following a significant breakout in the last few days. The bearish control is widespread across the market with other major digital assets posting similar losses as they trade below the 9-day and 21-day moving averages.
What is the Next Direction for Bitcoin?
At the time of writing, BTC/USD is recovering above $51,000 from the daily low of $50,305. However, if bulls increase their entries, they might likely create more volume, in turn, pushing the market price above the next key levels at $54,000 and $56,000. It is now clear that $57,000 is the most critical level in Bitcoin’s recovery journey. Therefore, the further bullish movement may reach other resistance levels at $59,000 and $61,000.
According to the technical indicator RSI (14), BTC/USD is still in an area with intense support as the signal line crosses below 45-level. This explains the immediate reversal above $51,050. On the other hand, a breakdown under the pattern’s support is likely to encourage more selling entries which may likely pull the BTC/USD massively below $50,000. However, losses below the moving averages could signal more retracement to levels closer to $45,000, $43,000, and $41,000 supports.
BTC/USD Medium-Term Trend: Bearish (4H Chart)
On the 4-Hour chart, the Bitcoin price stays below the 9-day and 21-day moving averages and the immediate support is below the moving averages at the $51,000 level. The price may likely fall below $50,000 if the bears fully stepped back into the market.
BTCUSD – 4 Hour Chart
However, a further bearish movement could test the critical support at the $49,000 level and below while the resistance is located above the moving averages at the $54,000 and above. Technically, Bitcoin is currently moving into the negative side as the technical indicator RSI (14) moves into the oversold region.
Billionaire hedge fund manager Ray Dalio says there is a growing possibility of bitcoin being banned following its growing threat to fiat.
Bitcoin May Get The Gold Treatment
The Bridgewater Associates boss – who heads the world’s largest hedge fund manager- said in an interview with the editor-in-chief ofYahoo! Finance Andy Serwer that Bitcoin could get the gold treatment.
He said it’s possible the US government outlaws Bitcoin, the same way gold was taken away from private hands in the past.
The billionaires said no government would like to see another currency challenging its monopoly on supply and demand.
With Bitcoin playing a pivotal role in re-routing many investments away from the traditional financial systems, some governments are already considering it a threat to their continued control of the economic engine.
Giving an instance, Dalio mentioned the Indian government’s continued attempts to ban private ownership of cryptocurrencies like Bitcoin.
The Asian nation is revisiting crypto in a new bill it wants to present in the parliament. The move, which the wider Indian community has heavily criticized, will see private crypto investors penalized and possibly jailed after the grace period of 6 months.
Government officials are torn on the issue, saying the government should adopt a dynamic approach to dealing with emerging technology. Others have said crypto-assets like Bitcoin constitute a danger to the economy. Citing massive price rise and ebbs, the opposition camp says Bitcoin would harm an already fragile economy.
BTC A ‘Storehold of Wealth’
Bridgewater Associates is a major player in the assets management circle. The firm currently holds $150 billion in assets under management (AUM), making it one of the world’s largest hedge funds.
Ray Dalio, who serves as a co-chief executive of the firm, said headmires Bitcoin for several reasons.
According to him, Bitcoin has been able to evade the popular 51% attack, enabling one-party control of most of a system’s mining power. This, to Dalio, is a major plus as Bitcoin has addressed government agencies’ major fears.
He also mentioned that Bitcoin had built a massive following since its inception in 2009, and those who got in early are now wealthy. To Dalio, Bitcoin has proven itself as a store of wealth, making it some sort of digital cash.
Dalio is right when he says Bitcoin is used to preserve wealth.
MicroStrategy’s Michael Saylor has been speaking on Bitcoin’s capability in storing value for the past year.
The intelligence company, which has so far converted most of its cash reserves to Bitcoin, owns a treasure trove of Bitcoin.
Tesla’s Elon Musk is also another advocate for Bitcoin. The electric car company staked 7% of its cash reserves in Bitcoin in early February. In a recenttweet, CEO Elon Musk said customers can now pay for Tesla cars with Bitcoin giving BTC a unilateral exchange value.
You can now buy a Tesla with Bitcoin
— Elon Musk (@elonmusk) March 24, 2021
Musk also pointed out that Bitcoin received by the car company will not be converted back to cash but held in its digital state.
Where is Ripple’s XRP Cryptocurrency Headed? – A Look at the Digital Asset’s Future
Even with the market currently experiencing a fresh new wave of bearish momentum, many industry experts are still quite hopeful as to the crypto sector returning to its all-time-highs sometime in the near future. In this regard, it bears mentioning that Ripple’s XRP token presents the global investor community with an ROI that is substantially larger when compared to other premier crypto assets like Bitcoin. This is because, at XRP’s current value of $0.25, a return to $3.30 would signify a profit increase of more than ten times.
In this piece, we will look at the opinions of various experts and analysts who have been operating within this domain for quite some time. However, before we start doing that, let’s look at some of the reasons that have made XRP so popular over the past couple of years:
Why Does Ripple’s XRP Have A Strong Following?
(i) Institutional Use:
As many of our regular readers are probably well aware, the Ripple ecosystem provides the finance industry with a platform that eliminates many of the problems that are currently associated with cross border transactions. Some of these issues include:
Extremely slow processing speeds: While Paypal takes anywhere between 2-4 days to facilitate international transfers, XRP allows monetary exchanges (local or international) to take place within a matter of minutes.
Tx Costs: Traditional payment processors take anywhere between 3%-5% of the total amount being transferred as processing charges. In this regard, XRP transactions cost just a fraction of what people have to otherwise pay when using conventional payment solutions (such as ApplePay, SWIFT, Paypal, etc).
Unreliability: Ripple makes cross-border payments far more reliable and efficient (especially for large finance operators) by making use of a decentralized ledger that offers a high degree of transparency.
Lastly, it should be pointed out that so far over 100 financial institutions have partnered with Ripple (and are currently making use of the firm’s blockchain solutions and technologies). For example, earlier this year, Ripple entered into an agreement with an Oman-based bank called BankDhofar in order to facilitate its monetary transactions in the most cost-effective, seamless manner possible. Similarly, in the past, Ripple has entered into agreements with other established financial institutions such as Banco Santander, Moneygram as well.
(ii) Big Name Partnerships:
Over the course of the past couple of years, Ripple has entered into partnerships with many firms that have made investors optimistic about the price of XRP. For starters, Ripple recently came together with Flutterwave — a blockchain firm that is looking to bridge the gap that currently exists between the African market and the rest of the global economy. Similarly, Ripple also signed an agreement with Moneynetint — an e-money firm based in the United Kingdom — to help the payments processor facilitate its various voluminous financial tx’s ( for corporate clients only.)
(iii) Super Fast Transaction Rates:
Previously, Visa used to hold the title of being the world’s fastest payments processor. However, all this has changed since Ripple recently dethroned the multinational giant by showcasing processing speeds of up to 50,000 transactions per second — a figure that is substantially higher (<2X) than what Visa has to offer (24,000 TPS).
How Does The Crypto Community Feel About XRP’s Future?
Edith Muthoni — Poor Short-term Outlook
Edith is the Chief Editor at LearnBonds.com, a personal investment site and community with more than 100,000 monthly readers. In her view, XRP has been one of the most disappointing coins of the year. Since late 2018, the digital currency has assumed a bearish trend in what she considers to be its lowest moments yet. She further points out that even though the technology being presented by Ripple is hugely promising, this potential hasn’t reflected in the performance of XRP. In an email to MasterTheCrypto, Muthoni further added:
“In the past 2 to 3 months, the coin has shown faint indicators of a bullish trend forming when paired with Bitcoin. I, therefore, won’t write it off yet – though I wouldn’t recommend anyone to buy in right now. In the long run, nothing about the coin or its blockchain technology gives any indicators of significant price improvements. I am of the opinion that should it assume a bullish trend, it will be so sudden that it will find most investors and regular traders off-guard.”
Ryan Selkis — Optimistic about Mid-to-Long Term Future
Ryan Selkis — the Founder and CEO of Messari — is quite optimistic about the future of Ripple, primarily because he believes that the crypto platform provides companies with a novel protocol that is not only easy to use but also helps streamline payments to different parts of the world. As a result of this, Selkis is quite hopeful that the premier digital token will once again scale back up to its previous ATH within the coming year or so.
Peter Brandt — Continued Price Volatility
The Factor LLC CEO is one of those people who is known to back up his predictions with solid stats and figures. In this regard, when asked about the future of XRP, Brandt stated that XRP was exhibiting signs of coiling up (despite showcasing strong fundamentals.) This, in his opinion, was mainly because Ripple was manipulating the market at large — something which Brandt believes will cause XRP to fall by another 20% by the end of 2019.
InvestingHaven — $20 by the end of 2020
InvestingHaven is an analysis website that its provides readers with detailed breakdowns, price analyses of various digital assets. In this regard, the media outlet claims that by the end of 2019, XRP could very well reach a price point of $20 — a prediction that is most likely to not come true, especially when considering that the currency’s current value lies around the $0.247 mark.
Exante — $0.5 Within Next 3-4 Months
In an online interview with Master The Crypto, the analysis team over at Exante told us that Ripple (XRP) has enjoyed the reputation of being one of the best blockchain ecosystems for banks and other similar financial institutions for quite some time now. As a result of this, the company is poised to bridge the gap that currently exists between the traditional finance sector and the crypto market. Additionally, the folks at Exante also believe that as we move into the future, Ripple may serve as a blockchain ‘channel’ for fiat and various crypto transactions.
“The XPR rate in 2019 is very stable compared to other major tokens. It remained in the $0.24-$0.48 range (twofold magnitude of variation), while the ETH and BTC rates varied threefold and fourfold, respectively. XRP is temporarily on the decline, yet with moderate dynamics. In September, it lost 7% while the overall crypto market lost 15%. Stable rate is a key showing for many investors (especially institutions), so in the long run, they may have greater interest in XRP than BTC. In the future, the stability factor may boost XRP prices over classic crypto. Predicting asset prices in the volatile cryptomarket is a daunting task. Think of the Bakkt trade start as an example. That said, I believe XPR will remain in the $0.2-$0.3 range for the next few weeks, possibly rising over $0.5 by the end of the year.”
Exante is a European investment company that provides its customers with an online trading platform with access to 50+ global markets. In 2012, the firm founded the world’s first cryptocurrency hedge fund Bitcoin Fund. Exante is authorized by the European regulators MFSA and CySEC.
Naeem Aslam — Positive Short-Term Valuation
Naeem Aslam is a well-respected crypto analyst who recently commented on what he thinks the value of XRP will be in the coming future. He believes that XRP is heavily oversold at the moment and thus it would be wise to invest some of one’s life savings in the premier digital asset.
Phil Nunn — Strong Long-Term Outlook
Phillip Nuun is the CEO of Wealth Chain Capital & The Blackmore Group. In his view, Ripple’s XRP token will continue to play a large role within the global crypto ecosystem. And while he did not give an exact number as to where the digital token will reach in the coming few years, he did add that the future looked bright for XRP and that Ripple was as important to the global tech landscape currently as Microsoft was during the ’90s and the early 2000s.
Daniel Ameduri — Positive Mid-to-Long Term Outlook
Daniel Ameduri is the co-founder of Future Money Trends as well as the author of Don’t Save for Retirement: A Millennial’s Guide to Financial Freedom. He recently told Master The Crypto that owing to XRPs utility in facilitating fast, low commission currency exchanges (which can happen on average 4 times per second), many people all over the world are beginning to forego their dependency on the US dollar and have started to transition to crypto. Ameduri further added:
“As XRP continues to be adopted by banks such as PNC, Santander, Standard Chartered, and more, we will see momentum build on itself which will give XRP strong fundamentals for higher prices going forward. I expect the overall crypto market to be in a long-term uptrend as I’m a believer in the blockchain. XRP is one of the most respected top crypto assets and as Bitcoin rises, I fully expect the rising tide to reflect in higher prices for XRP. I believe in 5 years, we will see new all-time-highs. Currently XRP is at $0.25 and its ATH is at $3.84, clearly, I’m very bullish on the future of XRP. We will need Bitcoin to regain confidence to the upside to ultimately see it build momentum.“
LongForecast — Between $0.1 – $0.2 till 2021
Another popular website that is known for its well-researched price predictions. In regards to XRP, the research team over at LongForecast believes that the third-largest cryptocurrency by total market capitalization will continue to hover between the $0.1 and $0.2 value range (at least till mid-2021). However, in the long term (i.e. by 2023) the price of XRP may once again surge and reach a price point of around $0.49 per token.
OracleTimes — $5 by December 2019
The popular crypto media outlet posted an article recently in which their research team mentioned that they foresee the price of XRP scaling up to around the $5 by the end of this year. However, since the start of 2019, Ripple’s flagship digital currency has dipped by more than 10% — as a result of which, many experts are now quite dismal when it comes to XRPs future financial potential.
Roman Guelfi — Decent Short-Term Outlook
Respected crypto analyst Roman Guelfi believes that 2019 will turn out to be a good year for XRP — especially since Ripple recently on-boarded several established projects (as well as other blockchain/crypto-related companies) to bolster its mainstream credibility. And while Guelfi did not provide an exact price prediction to back up his claims, he did add that by late 2019, XRP might force other established crypto assets to “take a backseat”.
UsLifted — Approximately $23 by late-2020
Crypto prediction portal ‘UsLifted’ claims that within the next 16 months or so, the price of a single XRP token might scale up to a mammoth $22.79 (along with a circulating supply of 38,739,145,924 XRP.)
Lance Morginn — 100 to 500% Increase In Use
Lance Morginn, President of Blockchain Intelligence Group (BIG) a Vancouver-based blockchain-agnostic search and analytics intelligence firm, working directly with financial services, ATMs, exchanges and banks, regarding the XRP price projection.
I think that XRP has some real legs and therefore could see significant increases in the coming years. In the next 6 months, I think we could see 100 to 500% increase and in the long run it could be a significantly higher increase based on today’s price. When asked about his views on XRP as a currency from a financial POV, he stated I would anticipate we will see more firms like SBI which are embracing the Ripple network. At the end of March of this year they connected 13 banks to their blockchain payment app.
In the long run, we will only have a handful of cryptocurrencies and I do believe XRP has a chance of being one of them,
XRP Coin Predictions In Closing
After a tumultuous 2018, XRP’s performance over the past couple of months seems to have somewhat stabilized. However, when looking at the fundamentals of the currency, many experts believe that great things might be in store for XRP. For starters, Ripple has recently entered into partnerships with a large number of established firms and business ventures — something that has infused the market with a lot of investor confidence.
With that being said, it should be made clear that any of the opinions/expert takes that have been outlined above should merely be viewed as guidance pointers and not as concrete investment advice. For people looking to invest big in this market, it is best that they do their due diligence as well as consult a few financial advisors who have been active within this somewhat nascent domain for a few years now.
Aziz, Master the Crypto Founder
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post Ripple Price Prediction: XRP Coin Forecasts appeared first on Master The Crypto.
CryptoProfile ICO Review: A comprehensive review and analysis on CryptoProfile ICO, which aims to create a consolidated marketing airdrop platform.
Note: This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
Overview
CryptoProfile is a leading blockchain marketing agency that is creating a consolidated airdrop platform for the ICO market. The goal of the platform is to connect Initial Coin Offering (ICO) projects with a large network of cryptocurrency enthusiasts, with various services that would significantly enhance a project’s marketing campaigns. The core services of the platform will include Education, Airdrops, Bounties and Investment opportunities.
With the airdrop platform, CryptoProfile is trying to solve 2 core issues:
Unreliable Airdrop Mechanisms: Airdrops have been a unique mechanism in the cryptocurrency market with the main function of distributing free tokens from ICO projects to the masses for publicity and marketing purposes. However, the existing airdropping mechanisms are often m annual and unreliable, especially for participants that possess a financial incentive – such as marketers, writers, partners, and referrers – that enhances the exposure and publicity of the ICO.
Shady ICO Practices:It is no secret that the ICO market is rife with shady practices, money-grabs, scams and Ponzi schemes that prey on vulnerable participants in the cryptocurrency market. The absence of any regulations makes it easy for ICO projects with ill-intent to get away with their schemes. Alternatively, the high failure rates of ICOs are a result of the lack of product viability.
(See more: Dangers in Cryptocurrency Investing)
Application
CryptoProfile looks to streamline the airdropping process while preserving a rigorous standard of business acumen since the success of its platform is directly correlated with the success of the ICOs within the ecosystem. Here is a visual flow of how the platform will function:
The airdrop mechanism instituted by CryptoProfile will run as follows:
ICO Projects on-boarded by CryptoProfile will need to upfront USD100k for the marketing exposure and services of the network. In return for that, USD 100k value of CP tokens will be given to the ICO project.
The CP tokens returned to the ICO project will be locked up in a smart contract for six months and released when the project has successfully listed their native tokens on an exchange.
The ICO project will need to allocate 10% of their ICO token to CryptoProfile, which thereafter allocate 100% of that token pool and airdrop to CP token holders in order to further stimulate interest and participation from the cryptocurrency community
All CP token holders will be rewarded with airdropped tokens each time an ICO is onboarded into the CryptoProfile network.
There is also an avenue for CP token holders to invest transparently on the ICOs which interest them within the CryptoProfile ecosystem.
Due Diligence Mechanism
Every ICO project will need to be screened thoroughly to ensure that they conform to the standards set by CryptoProfile. The due diligence mechanism is as follows:
Business Viability: The project must be able to address a current problem with an adequate target market and feasible cash-flow predictions.
Technology:The project must be backed by a sound technological base that works and fits the overall project goals.
Token Economics:A stable token economic model is a pivotal factor in the success of the project. Key variables to look out for is the degree of centralization, escrow mechanisms and the synergy of the tokens with stakeholders’ interest
Team:The team working on the product must be qualified with the necessary skills and dynamism for the project’s success.
Coin Utility:The value of any token is fully contingent on its utility. There must be a solid use-case and application for the tokens within the ecosystem.
Regulation: Given the increased scrutiny of the greater cryptocurrency market, the regulatory aspects of any project will need to be analyzed within the context of its jurisdiction before anything else.
(Read also: Why do people hate Bitcoin & Cryptocurrencies? Here’s 5 Common Misunderstandings)
Unique Selling Point
Novel Economic Model: CryptoProfile is one of the first platforms that focus on creating a consolidated airdrop platform for ICO projects. The platform naturally aligns the long-term interests of stakeholders, with listed ICO projects getting the marketing exposure from the extensive network of investors who hold CryptoProfile’s native tokens (called CP). CP holders are financially incentivized to also increase the marketing exposure of ICO projects within the ecosystem through the consolidated airdrop mechanism.
Team
Here is CryptoProfile’s team:
All of the team members of CryptoProfile is based in the country of its incorporation, which is in Singapore. There is a total of 7 core members that make up the team, headed by Max Ng, the managing director. Max has been in the cryptocurrency space since 2012, focusing on cryptocurrency education and trading on his previous endeavors. He has also been credited as creating a global charting methodology with an estimated accuracy of 80% on speculation detection. Along with his co-founders, they are advisors to various ICO projects in the early stage round. A notable highlight is CryptoProfile’s Global Business Development Director, Amarpreet Singh, who is rated as one of the top 10 Global ICO/STO Advisor and was a former economic advisor to the World Bank.
(See more: Types of Coins to Diversify Your Crypto Portfolio & Manage Risks)
Traction
Partnerships
Here are Cryptoprofile’s partners:
Cryptoprofile has partnered with various educational entities such as the Institute of Blockchain, WebLearningResources, and IKIGuide. This is aligned with their initial focus of spearheading cryptocurrency awareness and education to the cryptocurrency community. CryptoProfile are also active in the cryptocurrency events space, partnering the likes of BlockShow (by CoinTelegraph).
Roadmap
Here is CryptoProfile’s roadmap:
CryptoProfile has been operating since the third quarter of 2016, beginning with educational services and resources for the greater cryptocurrency community. It has then grown into a full-suite marketing agency that has established itself in the Asian region. The pre-sale and actual ICO will take place in the first quarter of 2019. The first half of 2019 would see the development of their native wallet and the launch of their test-net.
(Read more: Crypto Beginners Guide: 5 Things Crypto Newbies Should Know)
Token Economics & Utility
Token Metrics
Here’s is the breakdown of Cryptoprofile’s native tokens, CP:
CryptoProfile has already completed their private sale round with great interest and is now looking towards their pre-sale round, which commences at the start of 2019 for a period of 30 days. Over a quarter of the total funds raised will go towards marketing expenses in a bid to create the publicity and branding of the platform.
Token Utility
CryptoProfile’s native coin is an ERC 20 token called CP, which is built on the Ethereum blockchain. The soft cap of CryptoProfile’s token sale will be $1.1 million while their hard cap stands at $30. 4 million.
CP is a utility token with the following use cases:
Main Currency:CP will be the main currency in CryptoProfile ecosystem, which is required to interact with the platform’s key components. ICO projects that are onboarded into the platform is required to convert their fiat into the native CP tokens to access their marketing exposure,
Remuneration: There will be a wide reward pool for stakeholders of the CryptoProfile network, such as content writers and bounty hunters. They will be rewarded in CP tokens
(See more: Will A Crash in Bitcoin’s Price Lead to Its Demise?)
Strengths
Lucrative Market Potential:The cryptocurrency market is one of the fastest growing industries globally, even at when the market experienced a bear market for the rest of 2018. Though volatile, the infancy of blockchain technology has attracted many in the space, with market capitalizations of the general cryptocurrency market standing in excess of $150 billion.
Novel Economic Model: CryptoProfile is one of the few projects around that tries to enhance the airdropping mechanism that is unique to the cryptocurrency market. Ensuring that all stakeholders in the ICO marketing process is aligned financially and for the long-term, it adds strong value to their native tokens, CP.
Due Diligence Mechanism:CryptoProfile’s platform ensures that only credible projects are onboard. Projects will be assessed using a strict standard that consists of its potential viability, technology metrics, team strength, and token utility. This is a positive point since the credibility of CryptoProfile’s platform is only as strong as the credibility of the individual ICO projects within the ecosystem.
(Read more: 5 Valuable Lessons From The Cryptocurrency Market in 2018)
Weaknesses
Lack of Technical Details: The whitepaper lacks the technical details on the blockchain end of the platform.
Moderate Roadmap: The second half of 2019 looks quite uneventful according to the roadmap, which sees CryptoProfile focusing on forums in the third quarter and compliance matters in the last quarter. It seems relatively lax relative to the schedule of other ICO projects.
Summary
From its humble beginnings focusing on cryptocurrency awareness and education, Cryptoprofile has grown into an established marketing agency that has its sight on redefining the airdropping process. Being an integral and unique part of the cryptocurrency world, airdrops has often been unreliable and limited in its effectiveness as a marketing tool. With a platform specifically focused on delivering value to new ICO projects and financially incentivizing all stakeholders in the process, the long-term vision of each ICO project is extrapolated to the greater community.
Verdict: Good Project
(Read also: Evolution of Cryptocurrency: The Problem With Money Today)
Beneficial Resources To Get You Started
If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:
Trading & Exchange
Crypto Guide 101: Choosing The Best Cryptocurrency Exchange
Guide to Bittrex Exchange: How to Trade on Bittrex
Guide to Binance Exchange: How to Open Binance Account and What You Should Know
Guide to Etherdelta Exchange: How to Trade on Etherdelta
Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis
Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works
Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience
Wallets
Guide to Cryptocurrency Wallets: Why Do You Need Wallets?
Guide to Cryptocurrency Wallets: Opening a Bitcoin Wallet
Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW)
Read also: Guide on Privacy Coins: Comparison of Anonymous Cryptocurrencies and Guide To Cryptocurrency Trading Basics: Do Charts & Technical Analysis Really Work?
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing.
Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments!
You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptos!
Aziz, Master the Crypto Founder
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post ICO Analysis: CryptoProfile ICO Review appeared first on Master The Crypto.
RainCheck ICO Review: A comprehensive review and analysis on RainCheck ICO, which aims to disrupt the online-to-offline commerce space.
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
Overview
Raincheck is an online-to-offline (O2O) commerce platform that allows retail brands to track and influence online product discovery to physical, in-store sales. On the user end, Raincheck platform allows them to source for products online and be notified – at a contextual and relevant time – when the product is available in nearby stores. Simultaneously, users will be notified of various offers and rewards that is currently applicable to them.
Raincheck plans to create a complete the O2O loop by integrating a decentralized peer-to-peer (P2P) loyalty and payment network into their current commerce platform. The ultimate goal is to reach all data points and stakeholders within the online-discovery and offline-purchasing loop.
Here are the following problems that Raincheck aims to solve:
Absence of Offline Data Analytics: Statistics show that 85% of people are likely to browse for products online and make a purchase physically at the retail store. Though it is easy to gather consumer behavioral data online, current technology prevents data to be gathered once users leave the online store
Broken Customer Loyalty:The current loyalty programs are faced with obvious weaknesses; most people do not use their loyalty points since they could never accumulate enough points for a worthwhile reward. Additionally, loyalty programs can accrue significant liabilities to businesses.
(See more: A Guide To Fundamental Analysis For Cryptocurrencies)
Interview with Founders
We had the opportunity to engage in a high-level interview with RainCheck’s Founder & CEO, Cameron Wall. We asked several important questions about RainCheck according to several metrics. Have a look at the interview below:
Application
Raincheck aims to provide users with a personalized shopping experience while enabling businesses to measure digital marketing spend offline,where most sales occur. This is achieved through their patent-pending commerce platform that allows businesses to track online-to-offline sales cycle and also enables card-linking loyalty capabilities for user’s debit/credit cards.
Card-linking is a process of linking up users payments cards (debit/credit cards) directly to a merchant’s loyalty program, digital offer and cash-back bonuses.
Here is the general overview of the Raincheck platform:
The Raincheck platform is divided into 10 interconnected modules that can operate on multiple instances, with each module being as open as possible to enable wide third-party acceptance. All instances are based on the AWS Cloud Environment. Now, it is important to understand that the Raincheck platform uses a centralized structure since it uses Amazon’s AWS cloud server. The integration of blockchain functionality comes at the next step, which is on the payment processing network.
(Read also: Category of Cryptocurrency Market: Blockchain Platform)
Tokenization of Payments Data
In order to successfully link offline sales data with online data, data regarding the payment networks need to be integrated into the overall framework. That is why Raincheck will tokenize personal data associated with a payments card (debit/credit card). This token-based system will capture the offline-to-online data that is accessible at product (SKU) level rather than the merchant-level, which previously has been rare. Here’s an example:
Merchant-Level Promotion: Spend $200 at merchant ABC tomorrow and receive $2O cash-back
Product (SKU) Level:Buy product CDE tomorrow and receive 20% cash-back or 30 loyalty points
Tokenizing payment card data and integrating it to a traditional Customer Relationship Management (CRM) system would create a more personalized system for end consumers. Here is how the token-based system will work in the greater scheme of things:
Stakeholders
The core functionality of the Raincheck platform will enable tracking, measuring and rewarding users from online product discover to physical, in-store purchasing. Here are the advantages that stakeholders will gain using the Raincheck platform:
Users: Shoppers can use Raincheck’s free service to be rewarded by just discovering online products and buying them at a later time (both online or physical shops) through rebates, discounts and cash-backs
Retail Businesses: Businesses would be able to gather critical consumer behaviour data from O2O sales which previously would have been unattainable, which can now be used in their marketing analysis.
Payment Processors: The likes of Paypal and Stripe can now capture offline sales derived from online discovery and increases their revenue channels through commissions or charging fees via the O2O cycle
Financial Institutions:Banks can create more personalized card schemes for their customers by having access to SKU-level data
Channel Partners: Distributors such as online publishers could represent new revenue channels for businesses
(See more: Guide to Cryptocurrency Liquidity: Understanding Liquidity & Its Importance)
Technical Overview
The Raincheck platform will be made up of the existing centralized commerce platform (fueled by AWS server) with a decentralized component which is the Loyalty & Rewards platform that is built on the Stellar Network. Stellar was chosen since it is a high-throughput, decentralized blockchain with low latency and strong security. Here is the technical overview of Raincheck’s platform:
Unique Selling Point
There are several elements that make Raincheck stand out:
Patent-Protected Technology: Raincheck ‘s technology is currently patent-pending and once granted, will serve as a strong moat to deter competitors in a lucrative market.
End-to-End Data Points Bridging the Online and Offline World:Raincheck’s solution will focus at the Stock Keeping Unit (SKU) level instead of only the merchant and spend level that is the status quo of the industry. This means that the entire data point from when an online product is discovered to when it is purchased in an offline store can be gathered and utilized.
(Read more: Guide to Blockchain Protocols: Comparison of Major Protocol Coins)
Team
Cameron Wall (CEO) leads the team with a belt of entrepreneurship ventures focused on mobile and web development for global enterprises. His expertise in mobile and cloud-based applications is a natural fit for the business. William Lin (CTO) heads the technical end, with expertise in cloud based backend and front-end development of web platforms and mobile applications. Although Raincheck’s website and whitepaper mentions William’s expertise in machine learning, artificial intelligence and blockchain systems, there is no indication of those skills as per his previous working experience. The business end is headed by Peter Bremner, who has strong corporate and government links from his established corporate background.
There are 8 other team members that takes on blockchain development, artificial intelligence and mobile development.
(See more: Guide on Identifying Scam Coins)
Advisers
Raincheck features a comprehensive list of advisors with expertise in each technological layer of the Raincheck platform, from the technology side to the retail side. Leveraging the expertise of a wide-array of experts from the technical and business side is always a good indicator.
Though comprehensive, there seems to be no prominent advisors for Raincheck.
Traction
There are 4 indicators of Raincheck’s progress so far. They include a pilot program, mobile applications, browser extensions and awards they’ve achieved.
1. Pilot Program
Raincheck has successfully engaged in a pilot initiative of their platform in 2017. The 6-month pilot phase in Australia saw 6 retailers leveraging on Raincheck’s platform. The approximate number of users were 2,675.
The pilot program shed several interesting insights that supported Raincheck’s hypothesis that people would save online products they’re discovered for a later point in the future. It also revealed that the physical store represents the most important channel of sales acquisition for retail brands.
2. Mobile Application
Raincheck has a mobile app both in the Google play store and the Apple store. Here is how the app looks like:
Here is a look at the reviews of the mobile app from both Google and Apply playstore:
The volume of reviews is insufficient for a credible conclusion since the app has gained a limited review rate, which could be easily manipulated. The install rates, which is a better indicator of user reception seems to indicate minimal traction, with the Google play store gaining only 500+ installs. Given the paunch of the mobile app in 2016, this seems to indicate lacklustre traction amongst users.
3. Mobile Extensions
Raincheck has also developed browser extensions for its application, both in Chrome web store and Apple’s Safari. However, the amount of users that have downloaded the extensions aren’t convincing of Raincheck’s traction:
Chrome’s version has only amassed 44 users of Raincheck’s application, which is extremely small. This is not a good indicator of Raincheck’s traction.
4. Awards
On the awards front, Raincheck has raked up several awards that include those from Visa and Accenture. Here are the accolades that they’ve received:
Awards are definitely a positive indicator of a strong project concept. Winning several awards from prominent institutions puts Raincheck a step ahead of many ICOs that have not reached this level of recognition.
(Read also: Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience)
Token Economics & Utility
Token Metrics
35% of the total pre-mined supply of Raincheck’s native tokens will be distributed at the ICO. This is a relatively lower allocation compared to other ICOs, which usually allocates upwards of 50% of their token supply to the ICO. A lower ICO allocation equates to greater centralization of the token supply, which could be unnerving for investors. Fortunately, Raincheck is transparent about its token supply breakdown. Here are the vesting schedule for different categories of their token distribution:
Strategic Pool:Tokens will be reserved over a 3 year period and will be allocated to strategic partners and enterprise organizations to stimulate participation and traction.These organizations would be offered an opportunity to purchase RAIN tokens at market rates
Team:Tokens will be vest 12 months from the start date of the sale period, to align employees with long-term objectives
Advisors:Tokens will be frozen for 6 months from the end of the public sale period and will then vest over a 24 month period
Rewards Pool: Leftover ICO tokens will be transferred to the rewards pool, which will be used as to reward participation in the ecosystem and promotion of Raincheck. There will also be a token-burning mechanismwhere RainCheck will periodically buy back and burn RAIN tokens using the profit generated from the O2O shopping and overseas commerce business
Raincheck’s $28 million hardcap is at the higher spectrum of ICO funding, which is quite surprising given the bear market the general cryptocurrency market has been experiencing since the start of the year. It will be extremely hard for Raincheck to hit their hardcap given the state of the market.
(Read more: Analyzing Cryptocurrency Risk: Existing Coins vs ICO)
Token Utility
Raincheck will feature its own utility token that is called RAIN, which will be used as the primary currency within the Raincheck platform. Users need to possess RAIN tokens to access the range of services and functions on the platform. Here are the use-cases for RAIN token:
Medium-of-exchange between merchants and users
Value unit within Decentralized Autonomous Organizations (DAOs), which will be staked by brands in relation to their community membership
Rewards trading between different loyalty programs and schemes
These use-cases will fuel the demand for RAIN tokens. Given the fixed supply of pre-minted tokens, the long-term value of RAIN is directly tied to the success of Raincheck’s platform. Additionally, the burning mechanism employed by Raincheck to buy-back and burn RAIN using operational profits would serve to enhance RAIN’s long term value given that its supply would periodically decrease.
Roadmap
Here is the roadmap for Raincheck:
Raincheck has a long track record when compared to the majority of ICO projects. It was established way back in 2014 and has released its platform in 2016. Moving forward, the completion of Raincheck’s solution could stretch as far as the 2nd quarter of 202, which is a long way ahead.
(See also: Guide to Forks: Everything You Need to Know About Forks, Hard Fork and Soft Fork)
Strengths
First Online-to-Offline Commerce Solution: Raincheck has created an end-to-end solutions to capture offline retail data in conjunction with online consumer data, which could prove invaluable to brands and businesses in understanding their consumers more.
Scalability: Raincheck’s platform is built on the Stellar blockchain, which can process much more transactions that its competitors built on the Ethereum blockchain. This focus on scalability is vital in ensuring that Raincheck’s platform can scale with more transactions in a viable manner.
Track Record:Raincheck has been operating for close to 4 years, which puts it at the higher percentile of ICO projects with a track record and a working product.
Accolades: Raincheck has won several awards and recognition from prominent establishments such as VISA and Accenture for their project, which is a good sign of credible project model.
Patent-Protection: Raincheck’s core system is patent-pending, which if granted, allows for greater barriers to entry for future competitors
Weaknesses
Centralized Core System: Raincheck’s core system is built on an AWS, centralized server with the decentralization aspect coming from its loyalty & rewards platform. Since its core system is centralized, it is vulnerable to various risks which could be mitigated using a decentralized system.
Little Traction:Looking at indicators of traction via mobile application and browser extension downloads, the numbers are small considering Raincheck has launched them in 2016. This is a sign of poor user attraction towards Raincheck’s solutions.
Little Hype: There seems to be limited resources and publications surrounding the potential impacts of Raincheck’s solutions, which could significantly enhance commerce industry
Summary
Raincheck offers a viable solution in bridging the online commerce world to the physical, in-store sales cycle that can prove invaluable to retail businesses that are gearing towards a more data-centric approach in understanding the consumers. Though Raincheck’s decentralized loyalty platform and token-based structure, the final piece of a complete online-to-offline commerce solution could finally be in the way for the industry.
Verdict: Good Project
(Read also: Evolution of Cryptocurrency: The Problem With Money Today)
Beneficial Resources To Get You Started
If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:
Trading & Exchange
Crypto Guide 101: Choosing The Best Cryptocurrency Exchange
Guide to Bittrex Exchange: How to Trade on Bittrex
Guide to Binance Exchange: How to Open Binance Account and What You Should Know
Guide to Etherdelta Exchange: How to Trade on Etherdelta
Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis
Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works
Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience
Wallets
Guide to Cryptocurrency Wallets: Why Do You Need Wallets?
Guide to Cryptocurrency Wallets: Opening a Bitcoin Wallet
Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW)
Read also: Guide on Privacy Coins: Comparison of Anonymous Cryptocurrencies and Guide To Cryptocurrency Trading Basics: Do Charts & Technical Analysis Really Work?
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing.
Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments!
You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptos!
Aziz, Master the Crypto Founder
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post ICO Analysis: RainCheck ICO Review appeared first on Master The Crypto.
Trivver ICO Review: A comprehensive review and analysis on Trivver ICO, which aims to redefine the extended reality advertising space.
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
Overview
Trivver is creating an advertising platform for extended reality environments. Extended Reality (XR) is an exciting new technology that covers the following scope:
Augmented Reality (AR):Enhances real experiences with digital overlays of objects and information
Virtual Reality (VR):Submerges user into a an entirely new reality
Mixed Reality (MR): A hybrid of AR and VR
Trivver’s technology allows an advertiser or an advertising agency to create, manage and monitor ad campaigns in real time. More specifically, advertisers can create 3D elements for their brand and deploy it across a wide-range of XR environments of their preference.
(See more: A Guide To Fundamental Analysis For Cryptocurrencies)
Application
The goal of Trivver is to create a next-generation advertising platform that leverages on both virtual reality and augmented reality to deliver a highly fascinating and engaging ad experience for users. The core of Trivver’s technology is called ‘Smart Objects’, which are highly customizable and engaging 3D-objects in extended reality environments.
(Read also: Breakdown of Cryptocurrency Market: 12 Major Cryptocurrency Categories)
Here is a diagram flow which illustrates how Trivver will work:
There are 3 main stakeholders in the Trivver network:
Advertisers: Advertisers can create contextual, enriching and personalized XR ad campaigns – through smart objects – that are integrated with the necessary information that relates to branding, offers and various call-to-action. Consumer data would also be automatically collected through Smart Objects, which would provide valuable insights for the advertisers.
Publishers: Publishers can monetize their platform (website, mobile applications etc.) with XR-denominated ad space that is native to the context of the environment. User data would also be available for publishers to enhance user experience and effectively index their content.
Consumers:Customers are incentivized to earn native tokens in return for their time, attention span and data.
Extended reality is an exciting technology that can be applied to various use cases that include:
Online Gaming
Virtua Real Estate Tours
Virtual Reality Experiences
Augmented Retail Shopping
(See more: Guide to Cryptocurrency Liquidity: Understanding Liquidity & Its Importance)
Technical Overview
It seems that Trivver will create their native blockchain with smart contract functionality. The use of blockchain will be geared towards its XR ad exchange, where transactions on the platform will be managed, executed and recorded in the blockchain. There are 5 core components of Trivver’s ecosystem, that include:
XR Ad Exchange (XRAE):The core component of Trivver’s solution is XRAE, a platform that connects buyers and sellers of XR ad inventory. It allows agencies, network or advertiser to conceive, run and track highly-targeted ad campaigns in any XR environment (which include desktop applications and mobile applications). This is where Trivver’s native blockchain and smart contract functionality comes into play:
3D Asset Editor:Trivver’s native application that facilitates the conversion of advertisers’ 3D brand model to a Branded Smart Object (BSO). BSOs are basically customizable assets which exist within the natural setting of digital environments, with the purpose of disseminating information to consumers about the digital object (such as business branding or product offers) and collecting user data. Trivver’s asset editor will ensure that the advertisers model is automatically-sized and oriented across any XR environments.
Software Development Kit (SDK): A toolkit for developers and content creators to embed their XR environments with ad spots for BSOs
Smart Object Catalog:A comprehensive library of Generic Smart Objects (GSOs) models, which will be used by content developers to create their XR environments and populate ad spaces with Smart Objects (such as furniture, motor vehicles, appliances, design elements, sporting and outdoor equipment). GSO’s are the foundation for creating BSOs.
The difference between GSO and BSO is that GSOs are the baseline template for smart objects while BSO is integrated with branding information, such as SKU data, product offers, social media links, coupons and other calls-to-action
Trivver Data Engine (TDE):An extension of Trivver’s functionalities, TDE harvests user data collected from BSOs to construct algorithms which can predict user behavior and serve ads to users based on their unique histories and preferences. With patented, native technologies integrated into the TDE.
Unique Selling Point
There are several elements that make Trivver stand out:
Patent-Protected Technology:Trivver holds a comprehensive library of patents within the XR advertising solutions market. This is a strong moat to deter competitors in a lucrative market.
Automated Scaling of Smart Objects:Trivver’s patented technology allows smart objects to be auto-scaled dynamically in correct proportions across any XR environments, thereby preserving its authenticity. This has been a major challenge for advertisers and publishers in the XR industry.
(Read more: Analyzing Cryptocurrency Risk: Existing Coins vs ICO)
Team
Here is Trivver’s team:
Trivver is led by Joel LaMontagne (CEO), a computer scientist that designed the algorithms driving Trivver’s technologies and platform. He is currently the custodian of an extensive array of several design and software patents, and is a notable member of the Association of National Advertisers (ANA) and the Interactive Advertising Bureau (IAB). Alongside Joel is Alan Haft (President), a serial entrepreneur that is has been involved in major acquisitions, most notably the acquisition of Day Software’s US branch by Adobe for $240 million. He is also a public commentator on the field of business and technology. Another notable mention is Trivver’s Chief Data Officer, Kevin Conroy, who was the president of Digital and New Platforms at Metro-Goldwyn-Mayer (MGM). Kevin has garnered impressive accolades that include being recognized as a “Digital All-Star” by Broadcasting & Cable and included as “25 Executives to Watch” by Digital Media Wire.
The bulk of Trivver’s team is made up of business and sales executives, with only the CEO and CTO having technical expertise in software engineering. Unfortunately, there isn’t anyone in the team that has prior blockchain expertise. (See more: Guide to Centralized Cryptocurrencies: What Makes a Coin Centralized?)
Traction
Partnerships
Trivver has secured several partnerships that include:
Advantego Corporation: A public-listed company specializing in digital communications and intelligent software solutions
Immersive Entertainment: A developer and publisher of Virtual Reality Entertainment Software
Private Beta
Trivver’s platform is currently at private beta stage, accepting a limited number of interested applicants. For those wanting to test out their beta, you can sign up here.
Roadmap
Here is Trivver’s roadmap:
Development of Trivver’s solution began in 2014, with initial investment from angel investors. Since then, Trivver has been developing its technologies and patenting them. Trivver’s native blockchain will be developed in early 2019, with its real-time bidding platform being the top priority at the moment.
Token Economics & Utility
Token Metrics
50% of the total token supply will be allocated towards a reserve fund aimed towards facilitating growth of the Trivver network; developers will be incentivized to contribute to Trivver’s catalog while users can earn native tokens for their time. A point of ambiguity is the sustainability of the reserve fund, which doesn’t seem to indicate any mechanism to enrich the fund.
Trivver’s hard cap is relatively at the lower end, but in this bear market, it is understandable that there will be challenges to hit their hardcap.
(See also: Coins, Tokens & Altcoins: What’s the Difference?)
Token Utility
Trivver’s native coin is an ERC 20 token called TRVR, which is built on the Ethereum blockchain. TRVR is a utility token with the following use cases:
Main Currency: TRVR will be the main currency in Trivver’s ecosystem, which is required to interact with the platform’s key components. TRVR will be also used as the settlement medium between for users that will utilize Trivver’s platform
Discounts: Token holders will be entitled to discounts across Trivver’s services, which will incentivize TRVR usage
TRVR’s supply is fixed, with no further increase in supply. There will be a burning mechanismwhere TRVR tokens used for payment will be burnt over time. This will gradually lead to a decrease in token supply. There is no mention of how this mechanism would actually work, and further clarity must be needed. In general, a reduction in token supply is beneficial to the long-term valuation of the coin; a higher network usage will result in greater demand for the coins and token prices would increase, since TRVR’s supply would be reduced through the burning mechanism. On that alone, we’re positively favouring the token economics.
(Read also: Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience)
Strengths
Lucrative Market Potential:The Extended Reality industry is a lucrative market with massive potential and is expected to grow in excess of $200 billion by 2022 from its current value of $20+ billion.
Patented Technology:Trivver holds an extensive library of patents pertaining to their technology, ranging from their smart object technology to artificial intelligence processes. From a corporate standpoint, patents deepen an entity’s economic moat. This could protect them from competition in the future.
Technological Advancement: Trivver’s technology allows smart objects to be auto-scaled dynamically in correct proportions across any XR environments. This would streamline the XR advertising space considerably and allow for high network scalability, since smart objects can be used in any XR environments.
Burning Mechanism:TRVR tokens will be burnt with payment usage on the platform, which would enhance the long-term valuation of TRVR since its supply would be diminishing. This assumes that demand is constant or growing, proportionate to Trivver’s network usage.
Strong Team: Trivver’s top management is made up of highly capable individuals with entrepreneurial experience and expertise in business management and software engineering. The
Weaknesses
Limited Reserve Fund:50% of Trivver’s total supply would be allocated towards ‘Reserve’, which will stimulate growth by incentivizing developers and consumers to participate in the network. However, there is no mention of any mechanism to enrich the reserve fund; once the reserve runs out the incentives run out. Unless Trivver is planning to create their native blockchain and reveal further blockchain-specific details, this is a point of ambiguity.
Lack of Blockchain Expertise:There seems to be a lack of blockhain-oriented individuals in the Tirvver team. Though its CTO (Simon) is well-versed in the gaming industry, his Linkedin profile doesn’t seem to suggest blockchain-related experience. There are also no blockchain expertise on the advisory board.
Lack of Technical Details:There is no mention of the technical specification and implementation of Trivver’s blockchain in its white paper. This makes is hard to assess the scope and depth of the project. It is noted in the roadmap that the Blockchain functionality would be created on early 2019. There is also no mention on their go-to market strategy, which is a vital component to attract a viable community.
Summary
The market opportunity of extended realities is huge; more so finding and specializing in a niche in the XR industry. Trivver’s solution towards advertising in the XR space could stand to be a market leader in the niche, especially so when they are well-insulated with their extensive library of patents protecting their technologies. As it stands, the project is still at the private beta mode and there are fundamental aspects that need to be clarified, especially regarding the blockchain aspects.
Verdict: Good Project
(Read also: Evolution of Cryptocurrency: Replacing Modern Cash)
Beneficial Resources To Get You Started
If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:
Trading & Exchange
Crypto Guide 101: Choosing The Best Cryptocurrency Exchange
Guide to Bittrex Exchange: How to Trade on Bittrex
Guide to Binance Exchange: How to Open Binance Account and What You Should Know
Guide to Etherdelta Exchange: How to Trade on Etherdelta
Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis
Cryptocurrency Trading: Understanding Cryptocurrency Trading Pairs & How it Works
Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience
Wallets
Guide to Cryptocurrency Wallets: Why Do You Need Wallets?
Guide to Cryptocurrency Wallets: Opening a Bitcoin Wallet
Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW)
Read also: Guide on Privacy Coins: Comparison of Anonymous Cryptocurrencies and Guide To Cryptocurrency Trading Basics: Do Charts & Technical Analysis Really Work?
This represents the writer’s personal opinions and does not – in any way- constitute a recommendation of an investment or financial advice. Please assume caution when investing in cryptocurrencies and do so at your own risk, as it is extremely volatile and you can lose your money.
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I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
The post ICO Analysis: Trivver ICO Review appeared first on Master The Crypto.
Amazon Web Services (AWS), Amazon’s subsidiary in charge of cloud computing services, has announced that the Ethereum Network has now been integrated to allow users to provision Ethereum nodes and connect to the network in a matter of minutes.
The service only supported Hyperledger in the past but will now also support not only Ethereum’s mainnet but also testnets like Rinkeby and Ropsten.
The announcement says that the service “monitors node health, replaces unhealthy nodes, and automates Ethereum software upgrades, improving the availability of customers’ Ethereum infrastructure”, greatly simplifying the network creation process.
Amazon’s Interest in Blockchain Keeps Growing
Amazon Managed Blockchain is an AWS feature aimed to allow developers to create and manage private networks in different blockchain networks without requiring a high level of technical knowledge due to its intuitive and easy-to-use interface.
The service was launched back in April of 2019, about 5 months after the initial announcement in 2018’s re:Invent event. While the tech giant said that Ethereum would be supported by the platform, it took it almost 2 years to actually integrate the most popular network into its infrastructure.
Etherscan data shows that more than 8.3k nodes are currently running on the Ethereum network, an increase of 10.6% over the number of nodes running last month.
With the price of the network’s cryptocurrency increasing and the deployment of Ethereum 2.0 getting closer, AWS’s endorsement should prove to be beneficial when it comes to gaining adoption.
New Tools for Markets and Data
Ever since its start as an Online Bookstore back in 1994, Amazon has been increasing its dominance over different markets to become the third-largest company in the world when it comes to valuation, following Apple and Microsoft.
The company has been known to be an earlier adopter of new technologies, which has allowed it to keep its competitive edge. Now, the company seems to be preparing to develop and launch its own digital currency project in Mexico, according to job openings published on the company’s website earlier in February.
While the project has not yet been officially announced, the job post for the “Software Development Manager – Digital and Emerging Payments” position states that it is “chartered to innovate on behalf of our customers in emerging markets and for digital businesses worldwide in the payments space”.
The post also says that the initial launch country will be Mexico and will allow customers to convert their cash into digital currency to use on online services or the purchasing of goods.
It is still not clear if the tech giant is planning to create a new digital currency or to integrate existing cryptocurrencies into their platforms. However, Amazon launched a type of digital currency known as “Amazon Coins” which allowed customers to purchase products and online services.
AWS CEO is Set to Replace Jeff Bezos as Amazon CEO
Bezos announced back in early February that he would be leaving the position as Amazon’s CEO to focus on new ventures. Andy Jassy, the current CEO of Amazon Web Services, is set to replace Bezos as the leader of the tech giant once he steps down.
Jassy has been known to consider the potentials blockchain technology could have when it comes to improving Amazon’s operation by using it for more than distributed ledgers. As the CEO of AWS, he oversaw the development efforts and launch of the Amazon Quantum Ledger Database and Amazon Managed Blockchain which as previously mentioned, just integrated the Ethereum Network.
While the incoming CEO has been clear in saying that the company does not jump on the bandwagon when it comes to developing new technology because it is “cool”, his previous statements and recent moves by the company suggest that Amazon is ready to start exploring blockchain technology applications in the near future.
With the Blockchain ecosystem growing at a rapid rate as retail and institutional investors turn their attention to cryptocurrencies, as well as developers integrating the technology into their platforms, the time is great for companies to start experimenting with the use of blockchain to improve their technological and economic models.
The post Amazon Adds Support for Ethereum on Amazon Managed Blockchain appeared first on Blockonomi.
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