Yesterday, we saw a marked uptrend in the cryptocurrency marketplace. The Market Cap crossed over into the 300 billion mark and continues to slowly inch its way upward. Can we trust it will remain that way? Has the bear come out of hibernation?
Usually, when we see volume like this, there is a 50% chance that we can trust that the bear has awakened. However, 50% is not good enough for me. I want to see continued and sustained growth to where I see 70%. So I am proceeding cautiously.
Bitcoin is up and has been able to break over the $8000 mark. Will it remain above $8000? Too early to tell. It is possible that Bitcoin could drop one more time before it bounces back up and then from there continue upward. This is what I am closely watching.
But the biggest player right now in the crypto-space is Ethereum. It is kicking butt and I am so glad that I have significant amounts of it and that it is in my portfolio.
I also had my eyes on three other cryptocurrencies and jumped in and taken a long-term position on them. These are …
- WAX (WAX) – The current price is $0.21
- NEM (XEM) – The current price is $0.28
- ICON (ICX) – The current price is $2.59
Let’s talk about each briefly.
WAX stands for Worldwide Asset EXchange. It is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing.
When I visit their website, I am impressed with their vision and their (transparent) Management Team and their credentials. Looks like they got it going on and I think this is going to be huge.
WAX (Website) – https://wax.io/
Exchange to Buy Wax: Bittrex
Anything coded fresh from the ground up coupled with a unique product, service, or vision catches my attention. NEM (XEM) caught my attention.
NEM is a “Smart Asset System” allows you to totally customize how you use the NEM blockchain. The NEM Blockchain technology offers a fundamentally streamlined method of maintaining a secure ledger of transactions compared to a traditional database.
NEM’s blockchain platform was designed and coded from the ground up for scale and speed. NEM’s “permissioned” private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM’s open, public blockchain can grow without ever compromising throughput or stability.
I think NEM is going to explode and by this time next year, it will create millionaires. Maybe you and I can be one of them.
NEM (Website) – https://nem.io
ICON (ICX) taunts a project that will be one of the largest decentralized networks in the world. That is saying a lot!
I have read their whitepaper and researched the Internet, and to my surprise, a lot of people are getting onboard in anticipation for it to explode out of the blocks in the few months ahead.
My thinking that the price is low at the moment and increasing at the moment, so why not. I have taken a position in it.
If ICON does what I think it will do, my investment will yield some decent returns.
ICON (Website) – https://icon.foundation/?lang=en
Exchanges to Buy ICON: Binance
What Else Is Happening?
Proof of Weak Hands 3D is. The best thing I have done this year and I am very pleased with this Smart Contract. Would I encourage buying P3D tokens? Absolutely!
But I am fully aware that people are have been scared off by lending platforms and I do not blame them. I will NEVER ever recommend or involve myself with them again.
Proof of Weak Hands is not a lending platform. Not even remotely. It is a Smart Contract that has to pay you. It is written into the coding of the contract that is impossible to change.
Invest only what you can afford to lose.