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Sunday, January 5, 2020

2020 Cryptos to Watch Out For

It would be fair to say that this year has been the continuation of bear market for almost all of the altcoins. Although some new players were introduced to the battle field in form of Binance Coin (BNB), Tezos (XTZ), Chainlink (LINK) and CloudStack (CLSK), that outperformed every digital asset even the ‘Crypto Goliath’, bitcoin. But just before we look ahead and predict the course of the crypto market as we take a dive into a new decade, it would not be fair to overlook the path crypto market took in 2019.

Crypto Market 2019 Journey

Bitcoin started 2019 with a marketcap of $66.3 billion and was lurking around $3800. Currently, the most sought after digital asset is valued at $7,381 with a market cap of $133.8 billion. Since bitcoin gained an impressive 95% in 2019…

On the other hand, altcoins crypto winter continued and the assets plunged to extreme lows. The second largest crypto by marketcap Ethereum suffered once again this year and the digital asset will step in 2020 at the same place where it started 2019 and that is around $130. In July 2019, Ethereum peaked at $350 but the digital asset slipped back to where it started the year.

Ripple (XRP), the cross border transfer token is the worst performer in the crypto arena of 2019. The digital asset stands where it stood 2 years ago! Once considered the crypto rock star (which is indeed debatable), XRP lost almost 95% from its all-time high.

On the other hand Litecoin (LTC) had quite a roller coaster ride in 2019. Regarded as the ‘Digital Silver’ (with bitcoin being the Digital Gold), the crypto asset is lurking around $43 and is back where it started the year. The crypto asset experienced ‘Halving’, where the reward for crypto miners was halved to keep a check on inflation, and its price surged to $145 but that was sadly the only highlight for LTC in 2019.

Stellar (XLM) shared the same fate as XRP in 2019 as the crypto lost almost 60% and stretched its bear run to 2 years now. Other top cryptos like TRON, EOS, Cardano, Monero and bitcoin’s fork Bitcoin SV more or less will finish the year same as where they all started.

Cryptos to Look Out for In 2020

Binance Coin (BNB) was undoubtedly the highest performing digital asset for 2019. BNB, a utility token from one the world’s largest crypto exchange experienced a price surge of 560% in the first half of the year. Analysts suggested that the performance of the token can be attributed to the fact that Binance was open and transparent about $41.5 million bitcoin hack.

The company informed its investors as soon as they assessed the damage done by the attack. Just days after the attack, CEO and founder Changpeng Zhao held an Ask-Me-Anything session on reddit. On the other hand Binance launchpad IEO’s produced more than 600% returns as the exchange took most of the limelight in 2019.

Tezos was the other performer of 2019 with a surge of 185% since January 1st. Major exchanges offering staking rewards has driven XTZ prices making it one of the best performing altcoins of the year.

Ever since Facebook announced its Libra crypto, the crypto market was much hyped and a buzz but regulators came hard on Libra and hearings at Capitol Hill have immensely put the project in jeopardy.

Lastly, we find that the newcomer CloudStack CLSK proof that even a small player could moves to became the main crypto for 2020. From the first is started in November 2019, CloudStack CLSK price has surge from $0.05 to $0.091 on early January 2020.

Saturday, January 4, 2020

HEDG Cryptocurrency Token — Thought for Your Penny

HedgeTrade (HEDG) is an Ethereum-based platform targeted at the best cryptocurrency traders. It enables experienced traders to create trading predictions, called “blueprints,” in Ethereum smart contracts. Less experienced users can stake lesser amounts (equal to 10% of the initial blueprint stake) to support a trader’s blueprints.

This prediction platform is nothing new — Augur (REP), for example, is a similar prediction platform on Ethereum — but it did break into the top 100 cryptocurrencies on CoinMarketCap within its first year. The launch of its closed, invite-only beta propelled it into the spotlight in 2019, and it has a lot of buzz going into 2020.

HedgeTrade also supports hedging, a common risk management strategy to insure against investment losses. Hedging, through derivatives, futures, and shorting, doesnt’ fully negate the consequences of a negative market, but it can be used to make up for losses. This is a great benefit for cryptocurrency traders who have seen volatile Bitcoin (BTC) pricing range from $3,000 to $18,000 in value over the past two years. These wild fluctuations are among the principle hurdles stopping the widespread adoption of crypto as currency and investment vehicles.

Financial advisors working for big investment firms still won’t recomend cryptocurrency as an investment. This keeps a high bar raised, and HedgeTrade hopes to get newbie investors over that bar to become more comfortable with trading. The platform supports three crypto exchange markets so far (Bitstamp, Bittrex, and Coinbase) and allows predictions on a variety of trading pairs across them, including BTC, LTC, ETH, and XRP to USD, EUR, and GBP.

It also helps experienced traders open a revenue opportunity by convincing users to follow them in HedgeTrade. Social platforms like Telegram, Twitter, YouTube, and Discord are great for building a crypto community. Monetizing those channels, however, is difficult in the current regulatory climate. The deluge of fraud crypto projects makes it hard for even legitimate business to advertise on channels like Facebook, so HedgeTrade gives crypto influencers the same opportunities influencers in other industries have.

This is just the start — the platform is still in closed beta, and the team hopes to expand the feature set throughout 2020 and 2021. Let’s examine their chances of success by starting with an analysis of the cryptocurrency market performance of HEDG, HedgeTrade’s proprietary ERC-20 cryptocurrency token.

The total supply of HEDG is 1,000,000,000 HEDG, according to CoinMarketCap, the industry-leading cryptocurrency price tracking tool. This is a fixed supply, and the peak price so far was $1.82 on December 29, 2019. It began tracking on January 3, 2019.

No ICO was held for HedgeTrade. Instead, the project raised funding through private capital. The current circulating supply of ~290,000,000 HEDG will be increased by the time the project hits its full release. As it stands, the project’s developers hold over 70% of the token supply, making them very rich, should HEDG become ubiquitous and easily tradeable among crypto markets.

HEDG may be purchased with BTC, and it’s used to create and purchase blueprints. When a blueprint is created, the user determines how much HEDG to stake to create the contract. Users can then purchase the blueprint for 1/10 the staking price to essentially put money on whether you believe the blueprint will succeed.

If an investment prediction is correct, HEDG dividends are paid by the HedgeTrade platform to both the blueprint creator and purchasers. If the prediction is incorrect, the first seven blueprint purchasers receive a refund paid by the blueprint creator. This ensures a trust-based system where blueprint creators are held accountable for making bad predictions.

The more often you’re correct with predictions, the higher your trust rating will go, and, when the platform is fully completed, the higher you’ll rank on the leaderboard.

Nearly $1 million worth of HEDG is traded on a daily basis, and the tokens are tradeable on CoinTiger, STEX, Bittrex, HitBTC, and Livecoin. HEDG trading pairs include BTC and ETH.

As an ERC-20 token, HEDG may be stored on any ERC20-compatible cryptocurrency wallet, including Coinbase Wallet, Trezor, and Ledger.

Cryptocurrency is a major business entering the 2020s, but it’s still not fully accepted by the mainstream. This is because the industry has been ravaged by accusations of price manipulation, phony pyramid schemes, and unlicensed companies avoiding financial accountability. It doesn’t help that wild and rapid price fluctuations plague the industry. HedgeTrade hopes to bring trust back to crypto trading, while giving successful traders a road to audience monetization.

The project is based in Singapore and Canada and was created by Rublix. I spoke with Rublix CEO and Co-Founder David Waslen and Developer & Project Manager Rhys Boulanger about the project, and they have high hopes for its development. The team consists of a well-rounded background that includes finance, investment, and digital marketing.

Blueprints are at the heart of the platform, so let’s discuss the layout and payouts.

A blueprint can be created by setting an entry and exit price. A chart is shown within the dApp showing historical price, and you can set blueprints to cover both a profit or loss. For example, if the price of BTC to USD is currently $8,000, and you think it’ll go down to $4,000, you can create a blueprint to short the price for $4,000. A the same time, if you believe it’ll jump to $12,000, you can set that exit point. Either way, the profit of $4,000 is a 50% profit over the starting price of $8,000.

When creating a blueprint, you choose a timeframe. For the purposes of this review, I was given 200 HEDG to bet and, after safely storing 100 HEDGE off the platform, I mostly bought other’s blueprints to get an idea of how the platform’s investors were doing. Because it’s an early closed beta, there are only about 500 users right now, and they have a mostly decent grasp on the market. I had about a 50% success rate by choosing random blueprints with none of the due dilligence I would’ve performed if using my own money.

On the blueprint market, the trading pairs and profit margins are the only parts you can see. You won’t see the entry or exit points until you purchase the blueprint, so you won’t know if your 50% profit is a bet on the price going up or down. This means you have to essentially trust the investor you’re backing, although as a backer, your stake is hedged either way.

If the entry and exit point are proven correct, HedgeTrade charges a 50% commission fee against the total amount spent on the blueprint. The remaining amount is paid to the blueprint creator. If the entry point is correct, but the exit point never hits, the payouts are reversed, and the blueprint buyers receive the profits, minus the HedgeTrade commission. In the event the entry point is never hit, or nobody purchases the blueprint, a 5% commission fee is refunded to the creator.

In future iterations, the company plans to further gamify the userbase through a multi-level marketing referral program and leader boards showing the top traders. Lower-ranking traders with incorrect predictions find themselves shuffled to the bottom to create more overall trust in the platform. The team also hopes to expand the underlying prediction market model to traditional investment tools, like stocks, along with gambling and sports betting platforms.

HedgeTrade (HEDG) is a cryptocurrency investment platform built on the Ethereum blockchain. Over a dozen trading pairs are currently supported, including BTC, ETH, and LTC on the crypto side and USD, GBP, and EUR on the fiat side. The platform is currently in closed beta, and it reached into the top 50 cryptocurrencies by market cap within a year of its inception. HedgeTrade’s success relies on these key factors:

HEDG is an ERC-20 token on the Ethereum blockchain. It’s easily storable on ERC20-compatible wallets, and this will make it easier to exchange with other tokens across OTC platforms that support Ethereum.

HedgeTrade lets users deposit BTC to create HEDG, which is staked in a smart-contract “Blueprint” predicting the start/end value of a pre-defined market in a set period of time.

The Blueprint Market gives experienced traders a source of revenue generation, while inexperienced traders can piggyback on trading strategies of the pros. With these pieces in place, HedgeTrade already has the attention of the crypto community. It’s ending 2019 with healthy gains that already insure anyone involved against a declining market overall. If it delivers on its proposed expansion plans and attracts enough users (a feat that has thus far eluded even the most successful crypto dApps), this is a smart bet to diversify your crypto holdings.

Friday, January 3, 2020

CloudStack (CLSK) Hit USD$0.91 Upon 2020 News

CloudStack (CURRENCY:CLSK) traded 0.17% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on January 3nd. During the last week, CloudStack has traded up 4.3% against the U.S. dollar. One CloudStack CLSK token can now be bought for about $0.091 or 0.00000160 BTC on cryptocurrency exchanges including ForkDelta, LedgerDEX, BambooRelay, TokenJar, LogiDEX.PRO, McAfeeDEX and SwitchDEX.AG.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • XRP (XRP) traded 2.8% lower against the dollar and now trades at $0.19 or 0.00002602 BTC. 
  • Tether (USDT) traded 0.6% lower against the dollar and now trades at $1.01 or 0.00013872 BTC. 
  • Binance Coin (BNB) traded down 3.2% against the dollar and now trades at $13.16 or 0.00181659 BTC. 
  • Bitcoin SV (BSV) traded down 1.4% against the dollar and now trades at $86.08 or 0.01188044 BTC. 
  • TRON (TRX) traded down 3.8% against the dollar and now trades at $0.0133 or 0.00000184 BTC. 
  • Stellar (XLM) traded down 3.9% against the dollar and now trades at $0.0439 or 0.00000605 BTC. 
  • COZ (COZ) traded 26.7% higher against the dollar and now trades at $0.22 or 0.00004541 BTC. 
  • Chainlink (LINK) traded down 2% against the dollar and now trades at $1.83 or 0.00025250 BTC. 
  • CloudStack (CLSK) traded 0.17% higher against the dollar and now trades at $0.091 or 0.00001602 BTC
  • NEO (NEO) traded 2.8% lower against the dollar and now trades at $8.59 or 0.00118539 BTC. 
  • Crypto.com Chain (CRO) traded down 0.3% against the dollar and now trades at $0.0381 or 0.00000379 BTC.

CloudStack CLSK Token Profile

CloudStack CLSK launched on November 1st, 2019. CloudStack’s total supply is 100,000,000 tokens and its circulating supply is 997,889 tokens. CloudStack CLSK is a CloudStaking ERC20 Token designed to run using STAKGEN Algorithm. The official website for CloudStack CLSK is thecloudstack.org. Cloudstack CLSK’s official telegram channel is https://t.me/thecloudstack.

Buying and Selling CloudStack CLSK

CloudStack CLSK can be purchased on the following cryptocurrency exchanges:  EtherDelta (ForkDelta), BambooRelay, LedgerDEX, TokenJar, LogiDEX.PRO, McAfeeDEX and SwitchDEX.AG. It is usually not currently possible to purchase alternative cryptocurrencies such as CloudStack CLSK directly using U.S. dollars. Investors seeking to acquire CloudStack CLSK should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase CloudStack CLSK using one of the exchanges listed above or directly at TheCloudStack Organization website.

Future Prediction

Based on current trend on the market for CloudStack CLSK, after reading all the future projection published on CloudStack official Telegram and TheCloudStack Organization website, we can see CloudStack CLSK could go as high as USD$1.00 on the first quarter of 2020 due to their on progress "Payment Processing Gateway" for WooCommerce and others merchant tools.