8 AltCoins Likely To Pump In February 2018
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Red weeks, dumps and more dumps. The crypto world continues its intense trip towards giving us all a heart attack. In the meantime, we must treasure the knowledge that we are witnessing perhaps the biggest technological, economic and social revolution of our time, and then, keep calm and carry on. Here at Coinvision, we are back with our list of eight coins to follow in February, and we through in a little bonus insight.
These are 8 coins likely to pump, but don’t dive in just because. Bitcoin is still very weak and in order to make a good decision first take in consideration current market signals and try to understand if it’s going even lower or enters in a stable recovery. Find good bottoms for this coins and wait for a rebound later in the month.
GET Protocol
What it is
The Guaranteed Entrance Token (GET) Protocol is the fuel that powers the most recent blockchain iteration into the world of event ticketing, GUTS. Designed to prevent ticket fraud and black market resales, the protocol technically turns each ticket into a smart contracts on the blockchain. Once the user purchases the ticket with fiat currency from the ticket issuer, it becomes the owner of a smart contract with the equivalent amount of GET. This becomes a permanent record on the application’s back end. On the front end, the event-goer uses the app as its ticket. Customers are still able to resell their tickets, just not for profit.
Why we like it
GUTS already has a running application, having sold over 10 thousand tickets last year. They have partnered with Heckwerk, a major event manager in the Netherlands. Just last week, they announced they would be in charge of selling 50 thousand of Heckwerk’s tickets throughout 2018 for over 75 shows. The partnership will see 1 million tickets sold through GUTS in 2019. This makes GUTS one of those rare blockchain projects that already have a working and proven platform with strong partnerships and a solid product. However, its market cap remains low, at less than USD$12 million, particularly compared with competitor Blocktix, which is valued at over twice that. There is plenty of room to grow, particularly with these recent agreements coming to light.
AION
What it is
AION’s goal is to develop a “federated blockchain network”. What this means is that the AION protocol will allow for the integration of different blockchains permitting efficient and decentralized systems to be developed in a blockchain-agnostic manner. Their protocol supports a high-performance bridging mechanism that builds multiple-bridges between dissimilar blockchain architectures. This answers issues of scalability in Dapp development, that can now be used across multiple blockchains.
Why we like it
AION’s value proposition has immense potential to answer issues of scalability in DAPP development, one of the biggest problems in blockchain use today. Whatever blockchain or blockchains “win” in the end, they will need to be able to interact with each other in order to remain relevant. AION can potentially give an answer to this need. Besides, they are opening their testnet to registered users to beta test their protocol in early February and will release the testnet to the wider public in early March, which will bring a lot of attention to the project.
VTC
What it is
Vertcoin proposes a democratized decentralized currency exchange platform that addresses the issue of centralized mining. It does not accept application-specific integrated circuit chips (ASICs) in its network, which effectively means that any individual miner has an equal chance of earning VTC, the platform’s currency, for its contribution to the network. It aims to make mining fair and easy with a single-click mining software.
Why we like it
With a strong team and solid project, Vertbase has a great potential for large community engagement with the promise of fair and easy access to mining earnings. It is one of the safest coins in the market, it already gathered a considerable engaged support community and indicators show it is currently undervalued. By the end of February, the team will launch a gateway to exchange Fiat currency for VTC and vice-versa, which should do wonders for the token’s market value.
Bitshares
What it is
The Bitshares project is a familiar one within the crypto world. The platform offers users a stack of financial services in a decentralized way. It aims to address the issue of lack of accessibility to financial services in many parts of the world, without the need for a bank account. The platform is capable of supporting a number of services that remain impossible within the Bitcoin ecosystem, including scheduled or recurrent payments. It supports smart coins and will potentially allow for regulation-compatible crypto asset insurance, a potentially revolutionizing development. The platform uses graphene technology which is capable of processing a hundred thousand transactions per second.
Why we like it
Bitshares has demonstrated strong growth in recent months with the charts indicating a possible upcoming pump pattern. Billionaire and former investment banker Mike Novogratz has supported the project as a decentralized exchange with capability to connect real life assets and financial products within the blockchain environment.It has a great potential for growth.
SingularityNET
What it is
Driven by the creators of the now famous cybernetic citizen of Saudi Arabia Sophia the Robot, SingularityNET, working with the AGI token, is finding solutions for the roadblocks in the Artificial Intelligence (AI) sector. It enables AI-as-a-service mechanisms, promotes communication between separate AI systems, facilitates access to AI services and permits economies of scale in AI development.
Why we like it
SingularityNET is addressing a major market with great growth potential and the team holds considerable experience in the sector. Just recently it was added to the KuCoin exchange, but the price is still well under USD$0.45. As more exchanges list the coin, AGI is bound to go up.
VEN
What it is
VEN powers the VeChain decentralized business ecosystem. In essence, it is a tool that helps companies collect, manage, and share essential product data with consumers and retailers through the blockchain. It has already deployed its services with companies in the agriculture, luxury goods, and liquor industries.
Why we like it
The end of February 2018 will see the rebranding of the VeChain platform with the introduction of THOR, a protocol coin that will work in the same way as GAS works within the NEO network. In a similar fashion to NEO, VEN holders will accumulate gas over time which can then be traded in the market. This rewarding system is very appealing for investors. Other announcements, including the launch of Masternodes, are also upcoming.
NANO
What it is
NANO is just a digital currency, but a really good one. Formerly known as RaiBlocks, the project was recently rebranded to NANO, which might have gone a long way to justify last week’s 40% price rise. The currency is fast, eco-friendly and cost free. It answers the problems of high fees, high energy consumption or excessive CPU demand. A transaction consumes no more than 1 Wh. That is 330 thousand times less than Bitcoin. There is no mining or miner fees to be paid. This enables instantaneous micro transactions. Running a node in the NANO network takes no more than 1 to 2% of CPU capacity, addressing the issue of rising prices of computing software for mining.
Why we like it
NANO tries to address one problem and one problem alone, and it does so very well. It operates a Decentralized Autonomous Governance structure, akin to IOTA but with a smaller supply of tokens. After the success of this new rebranding, NANO was recently listed on Binance and other exchanges will follow later on, which will give it an extremely big exposure and will likely push the price up.
KNC
What it is
Kyber Network is building a decentralized exchange for digital assets that will also allow users to engage in derivative trading, a risk mitigation strategy. It supports seamless asset transfers with instant automatic cryptocurrency exchange. Kyber Network uses its native token, KNC, to perform the transactions within its network and enforces a buy-back scheme that naturally pushes the price of the token up.
Why we like it
Kyber is launching its mainnet on the 11th of Ferbruary. A lot of hype has emerged regarding the platform, which is rumoured to have considerable advantages regarding competitors like 0x. It is backed by Ethereum Founder Vitalik Buterin and has recently partnered with ICON, a cross-blockchain bridging platform. Since its ICO its price has more than tripled but the actual deployment of the platform will likely pump the price up considerably.
Bonus:
Wanchain
What it is
Wanchain is a cross blockchain financial protocol. This means that using Wanchain, users can directly exchange funds across different blockchains, while, at the same time, registering every cross-blockchain transaction on the Wanchain ledger. It will be able to seamlessly connect public and private blockchains, using a ring signature structure that protects the user’s anonymity, while removing centralized counterparty risks. It will support Ethereum smart contracts and Dapps with virtually no code change across multiple blockchains. It is part of the Blockchain Interoperability Alliance, a consortium that also includes ICON, AION and Kyber Network, which aims to create the infrastructure to power the new digital economy.
Why we like it
This was one of the most hyped initial coin offerings of last year, reaching its cap in less than a minute. The project has the potential to really shake things up in the crypto market by allowing for cross blockchain transactions. Wanchain has maintained an incredibly active and engaged community, which has helped keeping up the hype. Now, it is preparing to start distributing its tokens and be traded on exchanges, sometime between the end of February and the beginning of March. Keep your eyes open for any upcoming announcements.
Here are our picks for February. It will surely be an intense month in the crypto world. As always, we will keep our eyes and ears open for you.
Happy trading!
Disclaimer
We are stating our vision and opinions, we are not giving you financial advice and if you invest in this project it is your full responsibility. You are investing at your own risk. Always invest only what you can afford to lose and try to diversify your investments. Finally, do your own homework and learn about the project use case, roadmap and team.
