Through a detailed analysis of three cryptocurrencies, suggestions are presented for investment, trade, or to keep an eye on 2019.
| How to select top altcoins |
The key to successfully invest in altcoins is education on blockchain and cryptocurrency and solid research on selected projects.
The question you should answer while you the research:
- Problem the project aims to solve
- What solution offers
- What are the catalysts
- What are Risk Factors
- The closer look at the team
- Communication with the community
I made the research and below I present my trading ideas.
| Top picks for 2019 explained |
| Decred |
In a market where centralization of power seems to be becoming an ever more prevalent force, Decred appears to be one of the few cryptocurrencies that continues to uphold the decentralized nature of the initial idea. By allowing members of the community to participate in the project in various ways including voting, mining and paid work contributions, Decred has created a vibrant community of incredibly knowledgeable and talented individuals avoiding the need for a centralized decision maker. Such a diverse set of opinions has allowed the project to quietly flourish, implementing changes to the Decred protocol much quicker than when centralized actors determine the direction of a project. This is true decentralization in action. Thus, if the project can continue on its current trajectory whilst Bitcoin continues to become more centralized, it could become a direct competitor. Certainly, one to watch as the market matures.
| Elastos |
Elastos provides an innovative alternative ecosystem for content creators and consumers to maintain full control of their digital assets and monetize them without the need for unnecessary intermediaries. The projects key strength is the ability to create a marketplace for digital content detached from the internet itself, Elastos ‘Runtime’, utilizing the Blockchain only to verify the identification of content creators and to implement trustless peer-to-peer transactions. This has the potential to create an environment outside of the traditional corporate structure that will allow consumers to truly own their digital content and content creators to be rightfully rewarded for their creative endeavors. If Elastos can market their brand effectively, content creators could start transitioning exclusively over to the platform, leaving consumers no alternative but to adopt the system if they wish to enjoy their favorite artists. With support from cryptocurrency giants such as Bitmain and NEO and a dedicated team of 18 years, Elastos seem capable of successfully implementing their idea. Thus, as the mainstream begins to adopt decentralized applications, Elastos is certainly one to watch.
| Quantstamp |
In the continually evolving blockchain industry, unique problems to solve are always present yet often missed. Quantstamp’s vision to provide much-needed security to smart contracts is certainly a valid addition to the blockchain ecosystem. By decentralizing auditing work and splitting traditionally expensive costs and knowledge amongst actors, Quantstamp could substantially improve the security of smart contracts moving forward, whilst providing a discounted price.
With numerous successful audits already completed for reputable firms on the Binance platform, the project has the potential to become the go-to protocol for contract creators seeking network security in years to come. As the market for smart contracts continues to grow, Quantstamp could become an incredibly lucrative endeavor for investors if this holds true. Certainly, one to keep on your radar.
| Trade |
Once you do your own research you should implement the ideas into the trading activity. The best altcoins trading platform is my opinion BBOD Trading Platform, where you can trade majors and altcoins with up to 50x leverage.
For more crypto trading advice and real-time trading tips. strategies please join our crypto trading community on Telegram: BBOD
|BBOD in Brief|
Blockchain Board of Derivatives (BBOD) is a hybrid, semi-decentralized cryptocurrency futures trading platform that provides a real-time, ultra-fast matching engine in conjunction with a decentralized, secure blockchain based settlement which is controlled by clients.
BBOD accepts deposits in the stable coin TrueUSD (TUSD) and offers futures trading on 16 cryptocurrencies against TUSD, enabling one to trade over 100 different cryptocurrency contracts in total, on both rising and falling cryptocurrency prices.
Buy and sell futures contracts on 16 cryptocurrencies: Bitcoin, Ethereum, Ripple, EOS, NEO, Binance, Litecoin, Stellar, Cardano, IOTA, Monero, NEM, ICON, Elastos, Decred, Digibyte, all contracts vs. TUSD.
Our hybrid architecture offers the user experience of a centralized trading platform whilst providing the security and privacy of a decentralized exchange.
We look forward to launching the beta version of our trading platform in January 2019.
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Disclaimer: BBOD Research is an independent cryptocurrency research-house. The company has not received any remuneration (cryptocurrency or otherwise) in preparing this analysis. This report has been prepared solely for informative purposes and should not be the basis for making investment decisions or be construed as a recommendation to engage in investment transactions or be taken to suggest an investment strategy in respect of any financial instruments or the issuers thereof. This report has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research under the Market Abuse Regulation (EU) No 596/2014. Reports issued by Trade the Future Holding (“BBOD Research”) or its affiliates are not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services and are not recommendations to buy, sell, or hold an asset. The information contained in this report is based on sources considered to be reliable, but not guaranteed, to be accurate or complete. Any opinions or estimates expressed herein reflect a judgment made as of this date and are subject to change without notice. BBOD Research will not be liable whatsoever for any direct or consequential loss arising from the use of this publication/communication or its contents. Trade the Future Holding and its affiliates hold positions in digital assets and may now or in the future hold a position in the subject of this research.