Cryptos and an ICO Worth Immediate Attention
BITCOIN, ALTCOINS IN A SEA OF RED
It is never enjoyable to open one’s portfolio to witness a sea of red. However, this theme has become all too common in the past six months. The altcoin season of 2017 seems like a thing of history as the market has retracted more than 60%.
Right? Well, it depends who is asked. Corrections are exceptionally healthy especially in markets that fluctuate hundreds of percent North and retract well over 50 percent. No one said crypto was easy to stomach. It is a fickle ‘asset/investment.’
With such extreme volatility also comes the opportunity to attain huge returns. This week has three cryptocurrencies and an upcoming ICO worth some attention and research. The three cryptos and an ICO that have opportunities for growth in the short to midterm include ZClassic (ZCL), Ambrosus (AMB), Odyssey (OCN), and Fantom.
ZClassic/Anonymous Bitcoin “ANON”
Major Updates:
· A partnership is being announced with a blockchain related enterprise for both ANON and ZCL on June 26th, 2018.
· ANON’s Community Building Engagement Program is now live! 5,000+ ZCL will be given away to the community!
· Ran Neu-Ner of CNBC’s Crypto Trader joined ANON’s Advisors as another top tier addition.
· ANON’s lead developers are ahead of schedule and debating moving up the fork date. https://youtu.be/bo3jbTmAUyA
· Exchange outreach has started with many top volume exchanges being targeted for ANON and ZCL listing.
· 2 well established dev teams, ZClassic Blue, and ZClassic Community Devs have submitted proposals to BTCP to formally take over ZCL’s GitHub and Twitter account.
· The future of ZCL is a collaborative one, not a combative one. ANON is excited to corroborate and collaborate with ZClassic Blue and ZClassic Community Devs for the future of ZCL.
· An Asian advisor is being announced in the near future!
· Testnet live by August 10th (or earlier).
· Exchange Announcement August 15, 2018.
· Fork snapshot September 10th, 2018.
AMBROSUS (AMB) MAINNET LAUNCH AND MARKETPLACE
According to AMB they are, “a blockchain powered IoT network for food and pharmaceutical enterprises, enabling secure and frictionless dialogue between sensors, distributed ledgers and databases to optimize supply chain visibility and quality assurance.” Basically, AMB ensures food and medical devices are frictionlessly produced and delivered with any problem being recorded in the blockchain.
Why are they important this week? AMB will merge the work completed on Crossroads and their marketplace to release a production-ready platform for logistical support for companies. There are six focal points of AMB’s business model:
- Track and Trace,
- Supply Chain Audits,
- Product Feedback and Loyalty,
- Sensor Data Analytics,
- Smart Insurance, and
- Inventory Management. Supply chain management companies’ eager to get into the blockchain space have found their new partner.
AMB is a medium sized market cap cryptocurrency with a market cap of $43 million and coin price of $0.30. With the marketplace going live by the end of June and the Mainnet going live in July with Mainnet 2.0 occurring before 2019; AMB is an interesting crypto and one definitely worth keeping an eye on.
ODYSSEY “OCN” — AIRDROP OF THE OCP
Odyssey “OCN” is a cryptocurrency that is introducing their new token OCP through a series of airdrops. OCN’s goal was originally to create the next generation decentralized sharing economy and Peer to Peer ecosystem. OCN makes the ‘list’ this week because of their upcoming airdrop.
Their method for airdropping is exceptionally intuitive as they are spreading the airdrops out over multiple months providing more OCP to those that hold OCN longer. This incentivizes OCN holders to not solely hold for the first airdrop and unload once received, but hold through the multiple airdrops. If OCN has found a way to cease the corrections that normally follow post airdrops; this will be the standard airdropping method moving forward.
OCN has a market cap of $39 million with a coin value of $0.008 per token. These amounts have fluctuated wildly leading up to the end of August. As the end of August approaches it is likely OCN trails North mimicking the charts of most other airdropped tokens. However, the price movement that comes following the first round of airdrops August 31st is the most important factor to monitor. If the price of OCN is stable than this little crypto established the way to airdrop without causing market corrections immediately after.
The airdrop of OCP for OCN holders takes place on August 31st, the following 24 hours will be very telling regarding if OCP has established a better way to airdrop.
ICO WATCH: FANTOM
Fantom is one of the few ICOs that hit their hard cap with ease in 2018. Yes, you read that correctly, hard cap reached in 2018. Their Telegram has over 45,000 members and is exceptionally active. Fantom intends to reduce the cost of transacting on the blockchain to under $0.01 per transaction, regardless of transaction size. This will revolutionize the transferability of funds at a rate that all could cope with.
What makes Fantom so unique is they do not operate a ‘blockchain’ but instead their own coined ‘OPERA Chain.’ According to Fantom, “instead of blocks, the OPERA Chain processes a list of events asynchronously with no rights to modify previously confirmed transactions.”
Fantom’s entire roadmap is very ambitious and they are led by CEO Dr. Ahn. Dr. Ahn is a Ph.D in computer science from Yonsei University and has been a contributing writer at Fortune Magazine. The team is composed of many foreign superstars with a focus on one of the crypto’s largest markets, South Korea.
Fantom’s crowd sale is now closed but being one of the most significant projects of summer, and easily one of the biggest from South Korea this is an ICO worth watching as it is listed on exchanges and releases their tokens.
To read the King’s prior articles, to find out which ICOs he currently recommends, or to get in contact directly with the King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports).
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