Today was a great day for the markets with almost all green across the board. Going into my plans for these posts I am going to be doing news everyday, my portfolio in a list form, and then any trades I may have made or am thinking of making.
News
Litecoin has been on the surge recently due to the news of lightning transactions around the corner. Today is passed both NEM and ETC to overtake the 4th spot among all cryptos according to market cap. As well LTC hitting a high in trading volume finally hitting $600,000,000+ in 24 hours. With the continued development and support from the community the everyday use adoption will flow in.
IOTA has been on the decline after first hitting Bitfinex a few days ago. Although the tech and the coin are very revolutionary big whales are looking to cash out soon. There is a lot of animosity from both sides here about if the coin is legit and how it become so big so fast. Will keep updating as the coin progress and sees more adoption from the community.
An interesting survey was released today on the state of BTC by the Monex Group. It reveals that BTC has an even longer road to progress with informing those who are interested and convincing those who are skeptical. While there is room to grow, the growth is there and is becoming more widely adopted.
Trades or Potential Trades
Iconomi and LISK as time goes on become more appealing.
I love Iconomi as their platform is going to be released soon and they already have pledged to "burn" a certain amount of ICN each year giving all the coins more value. Looking to pickup once GAME hits $4-5 as I do not see the project progressing much anymore.
LISK is ETH but uses a different algorithm and has much more room to grow. I am thinking about throwing more USD down to acquire or liquidate my WAVES.
Nem is also a sleeper with their platform releasing soon and the hype around it.
Portfolio Holdings
Tier S - Monero, LTC, SC/SiaCoin
LTC and Monero have value as a currency that fit two different niches. LTC is used for everyday transactions like the once used BTC and Monero is focused on privacy and the fact that the transactions won't be traced.
SiaCoin is riskier than the two but has some of the highest upsides of all coins on the market today. The cloud storage market is growing by 44% every year and growing. The need for a decentralized and cheaper alternative is here in the form of a blockchain. As an added bonus the devs are very active and engage the community a lot.
Tier A - GridCoin, Factom, Decred, and Wagerr
Gridcoin is Golem but has a working product that people use. It has been in use for years and just recently started to reward used for running the BIONIC system. Also it doesn't fully compete with Golem as this is more focused on scientific research while Golem is more commercial.
Factom is a coin that wants to store information for companies and the world. They are already in deals with big companies in Asia and have a strong use case. Great coin with lots of upside potential.
The decred governance and ticket system are very unique and rewarding. Having the community vote on which direction the coin takes make you have a personal stake and helps make the best outcome for the majority. Introducing lightning transactions soon as well.
Wagerr is some what risky but the gambling scene is huge and their demo they released today is pretty well put together.
Tier B - Ardor, Golem, PIVX, Waves, HUSH
Ardor is a great coin with amazing development. Similar to ETH but can capitalize the market alongside it.
Golem is GridCoin but commercial and with a working product could be revolutionary. Risky as there is no demo released but huge upside if it comes through.
PIVX is a Dash fork that offers instant, low fee, and anonymous transactions. If Monero doesn't succeed I see PIVX coming through or catching up to Monero.
Waves has a great platform and with the rise of ICOs could be very beneficial.Good development team and has a bright future.
Hush has had many names before and is just coming into view. Updates almost daily posted to Steem.it and their team is amazing. If this gets accepted to Polo or Bittrex I see it hitting 20mil market cap within 2 days or less.
Tier C - GAME, BAY, AntShares
GAME is trying to be very revolutionary in the gaming industry by introducing cryptos. Upside is insane but they have already scaled a lot in a shot time period.
AntShares is the Chinese Ethereum and is gaining a lot of traction. The need for smart contracts is almost endless and this is another probable bet to succeed in the future.
BAY is hyped and has a good product thats needed.
Green All The Way - Portfolio Day #2 | Ecency
Day 5: eSport Betting -- ESL Pro Leaguejstein101 ·