It looks like the alt season is beginning - almost every asset is picking up and making much better gains than Bitcoin. This is the time for the ardent cryptocurrency trader who hopes to make decent returns.
There’s no way of knowing whether this will last, but it seems like the market is picking up as we head closer to the halving and as more institutional funds pour in. The question is, have *you* been making money from the surge in prices?
Feeling like everyone is making money now except for you?
Well, don’t be disheartened :) There are plenty of altcoins out there that are solid, with good strong development progress, clever business growth strategies and above all, strong fundamentals and an excellent team.
Out of the 2000+ altcoins in the market, you only need to be right about a handful of altcoins to get the kind of returns you keep hearing about on social media. In fact, only a small percentage of the market is taken by assets like these, so getting these few tokens right will be more than enough for you to strike big.
After doing some research, these are the tokens that I believe will explode over the coming months. More to follow in later posts.
1. Kyber Network
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What is Kyber Network (KNC)?
Kyber Network is an on-chain liquidity protocol that allows the direct conversion and exchange of assets. With Kyber Network’s solutions, it is possible to match orders directly, without order books, thereby reducing the greater cost and time associated with centralized services. It can be integrated directly with DApps, which allows the users to receive payments in any token but convert it to their preferred token seamlessly.
Why is it Going to Explode?
- A top liquidity provider for ERC-20 token swaps
- January saw a 132% volume increase (USD); 114% increase in December (ETH)
- Used by Coinbase, which has 30+ million users; MyEtherWallet, which is the largest Ethereum web wallet; and Uniswap, the top DEX
Data from November 2019. More integrations have probably happened.
- Strong team and advisors, with Vitalik Buterin being one of them
The Kyber Network team.
- Consistent and detailed financial and network reporting
- Network transactions generate a small fee in KNC, which is then used to burn KNC. This in turn pushes the price higher.
The amount of KNC burnt
Where is the Price Now?
The KNC token is currently valued at $0.39 with a market cap of about $67.8 million. This is far from the peak it experienced during early and mid 2018, where it was valued at a whopping price of $6! As you can might be able to tell, with a solid project like this, such a price difference means that there is definitely room for the token to grow. There’s plenty of price appreciation here.
2. iExec RLC
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What is iExec RLC?
iExec RLC is a decentralized cloud computing platform where users can rent out idle computing resources like storage space, processing power and bandwidth to other users, for which they are rewarded in RLC tokens. Decentralized cloud computing is one of the hottest altcoin niches, and even big name incumbents are looking into this application. The three stakeholders - developers, renters and providers - can use or provide the extra computing resources to facilitate resource-intensive applications.
Why is it Going to Explode?
- CEO Gilles Fedak has been working on the same thing since 2000! It is truly an impressive thing (and a helpful coincidence!) that DLTs have come along to help achieve this vision.
CEO Gilles Fedak has been working on a global computing system for nearly 2 decades.
- Partners include: Intel, Alibaba Cloud, Ubisoft, IBM Cloud
- The team hits their development milestones on time
- Close partnership with Chainlink, another very popular altcoin
- Used by EDF, the 5th largest utility company worldwide
- Transparent and detailed reports provided to its investors since its inception
- Led by 4 founders who have PhDs in Computer Science and other fields
Where is the Price Now?
The RLC token is currently valued at $0.72 with a market cap of just under $58 million. The RLC token’s all-time high is $5.40, which again was during early 2018. After a drop in price in the months after, the token again rose a little to reach values of $2+ in mid 2018. Given its current price, it seems like there are several opportunities left for traders and investors to make some returns on this.
3. Basic Attention Token
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What is Basic Attention Token (BAT)?
Basic Attention Token is a digital advertising and content focused token that is already enormously popular. The token and its associated Brave Browser have gained a lot of attention for enabling complete privacy for its users and rewarding them with BAT for if and when they choose to view advertisements. Brave, and as a result BAT, has quickly gone to become one of the most popular browsers on the market and is still experiencing exponential growth.
Why is it Going to Explode?
- Brendan Eich is CEO, considered by some to be one of the creators of today's internet. He co-founded Mozilla Firefox, worked at Netscape and created JavaScript.
- Brave has about 10 million monthly active users as of December 2019, which represents about 615% growth in 2 years
- Wikipedia Co-founder says to start using Brave
- Over 410K verified publishers are in the BAT ecosystem
- Brave browser will be pre-installed in HTC Exodus phone
- Director of AI at Tesla uses Brave
- BAT the first ERC-20 token used for collateral in the MakerDAO ecosystem
Where is the Price Now?
The BAT token is currently priced at $0.28 and has actually been on a steady rise for a few weeks. The market cap is considerable for an altcoin at just $410 million. The ATH value of BAT was $0.98, which again occurred during early 2018.
BAT is by far one of the best altcoins investments someone could make, because the project has a proven track record of releasing features and hitting milestones. It’s led by some big names and is becoming increasingly recognized in mass media. Don’t be surprised if this one day goes way past its previous ATH.
4. Factom
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What is Factom (FCT)?
Factom is an enterprise focused blockchain platform that offers several features that makes blockchain integration for businesses hassle-free and seamless. Data integrity and authenticity are two key areas of focus on the platform, which enterprises in particular will appreciate. The platform has already made inroads with a few industries, namely the Internet of Things, healthcare and mortgage.
Why is it Going to Explode?
- Working with the U.S. Department of Homeland Security This operation is currently in its last phase and Factom is one of the few to do so much.
- Received a grant from Bill & Melinda Gates Foundation
- CEO Paul Snow used to work for Microsoft and IBM
- Co-founder David A. Johnston started his first multi million dollar company at the age of 19 in the biofuels industry
- PegNet is being built on top of Factom, reaching a market cap of $10 million from $40K in just 6 months
- Launched in late 2015 without a fancy ICO, one of the oldest projects that is still doing well in 2020
- A highly professional team and strong work ethic of its community
Where is the Price Now?
The FCT token is currently priced at $3.56 with a market cap of $31.5 million. The token’s all time high was $87.6 which happened during early 2018. Factom has made some strong connections in the enterprise industry and has some unique approaches to solving problems, and seems like one of those sleeper hits that could very well hold great returns for investors.
