Altcoin Buying Opportunities
Some highly undervalued Altcoins ready for blastoff as the banana zone approaches.
Emotion is the human form of volatility; it creates the opportunities for those who can control it, at the cost of those who cannot. The next 12–18 months will separate the 5% with discipline from the 95% without.
After nearly six months of accumulation and market malaise, volatility has now begun to squeeze and slow. What will soon follow is the explosive price move to the upside that will leave many stranded on the sidelines in disbelief.
Below is a list of Altcoins with true fundamental value, within narratives that have taken a back seat to the meme coin mania, and which are way oversold and primed for huge rebounds as the banana zone approaches.
$BEAM (15–20X Potential)
An Avalanche based Layer 2 designed specifically for gaming. Beam is the rebrand of Merit Circle, and has on-boarded some huge Web3 games, the biggest of which is Off The Grid (Gunzilla). Off The Grid had its PS5 test run very recently, and saw very attractive user metrics including 500K on-chain transactions among 30K test users.
BEAM will be a big beneficiary of any Off the Grid success, and it is very likely we see a gaming narrative resurgence as the top Web3 game finally hits mainstream markets. It also has a large treasury of VC investments whose profits will eventually be used to buyback and burn $BEAM as the bull run progresses.
Down over 60% from its $0.04 ATH, BEAM has easy 15–20X potential
Avalanche ($AVAX): (7–10X potential)
AVAX has gained a lot of traction in the gaming sphere. Their subnet structure is very well suited to accommodating dedicated gaming subnets (like BEAM), with a fully EVM compatible chain and solid integrations in the cryptosphere.
As a bluechip Layer 1, AVAX has an excellent risk/reward profile, and the explosive potential that comes with the dynamic nature of the subnets. Technically, it lags projects like Polygon with the Aggregation Layer tech, but has the advantage of fully functional subnets with a similar scaling potential and dedicated use-case potential that can accommodate anything from gaming, Real World Assets, DePin, DeFi, and much more.
Down from its high of around $60 this cycle and $140 last cycle, it has lots of room to run.
Immutable X ($IMX) (10–20X potential)
Similar to $BEAM as a dedicated gaming L2, but based on ETH as opposed to AVAX. $IMX has hundreds of gaming integrations, as well as their revolutionary gaming passport which aims to simplify blockchain use with a Web2 style super simple user interface.
They are in the final stages of their migration to a Polygon zkEVM, which will unlock all kinds of native use cases that had previously been a source of friction as a StarkWare based L2 (full smart contracts, better EVM compatibility, smart contract wallets, global liquidity and swap access, etc)
In 2021, $IMX reached an ATH of roughly $9, with recent highs of $3.60 this cycle. Token unlocks have been a source of sell pressure, but those are now slowing markedly and should allow for some much more favourable price movement.
Nexus Gaming Lifetime Passes (NFTs) (10–20X Potential)
Nexus gaming is an incredible All-in-One crypto toolset that is currently the best portfolio tracker on the market … even while still in pre-launch phase. It is going public on Aug 21st, and the NFTs offer utilities far in excess of their current floor price.
The Lifetime Pass NFTs offer full lifetime access to the platform, revenue share when it goes live, launchpad allocations, a very well built presale tracker and a lot more. Eventually, the platform will also include built-in SWAPS and perps.
The Passes previously traded over 2 ETH a piece, and are currently down to a floor price of 0.4 ETH. Dealflow is excellent, they have monster KOL partnerships, and the NFT supply is only 2,100 NFTS. Recipe for seriously explosive price action as the bull run matures, and as the full launch goes live in a couple weeks.
XBorg (NFTs and $XBG token)
XBorg is a gaming identity protocol with top tier clients like Team Liquid, BDS, Ninjas in Pyjamas and a couple dozen more yet to be announced. These are real revenue generating deals that have XBorg building branded apps for these Esports teams, and integrating them with blockchain and data/identity protocols.
As many of you may know, I am on the Investment Council at XBorg and have been invested for roughly two years (so take my opinions with a grain of salt). In that time, I have certainly been critical of some of their decisions and been disappointed with the pace of progress.
That said, the last month has shown incredible progress with some phenomenal visionary decisions by the team. Notably, they scrapped the vulture CEX deals they had been pursuing and will instead initially list strictly on DEX’s with 100% token unlocks. They have zero VC investment … community only, and have come up with a rewards system that is very well thought out and could be quite lucrative for early $XBG buyers.
The $XBG token is set to launch (TGE) on Aug 19th on Arbitrum, Solana and Swissborg at a price of $0.15. See the full article here on why this may present an incredible buying opportunity in the week following launch. The TLDR is that with 100% unlocks, we may see many of the pre-sale and seed sale buyers look for quick profits. My expectation is that this will be very short-lived, and for opportunistic folks could provide a very good entry in the $0.08–0.10 range give or take.
Given the scale of the vision at XBorg, a 20–30X is not an unreasonable expectation from the $0.10 range. Higher risk, higher reward.
Conclusion:
The Bull Run Cometh. The sidelines are for those that cannot handle the heat of the volatility, and who will watch in anguish from the sidelines as we head to Valhalla in the coming weeks and months, only to smash buy as BTC surges past $100K.
For those of us with discipline and conviction, hold steady. Life-changing gains await us, and the longer the pain, the greater the gain.
Good luck out there, and see you on the next one!
Sovereign Crypto (aka RickyBobby)
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