Take Me To The Moon! Top Picks June 2018
#13 Enigma ($ENG)
What is Enigma?
Enigma is a privacy-focused project that is deploying a protocol to allow for data on the blockchain to be shielded from being accessed by third-parties, all the while avoiding the encryption that would make the data unusable for computation. Their aim is to turn Smart Contracts into Secret Contracts, opening the door to a number of privacy-sensitive industries to find solutions in the blockchain. Powered by the ENG token, it has already deployed Catalyst, a Dapp developed using the Enigma protocol that offers a decentralized data-driven crypto-asset investment and research marketplace.
Why we like Enigma
Enigma offers a very attractive value proposition while already having a deployed platform with tens of thousands of users. 2018’s second quarter will see the team deploying their main protocol’s testnet, which should be followed by their mainnet in Q3. Also, they will be at the Consensus conference, which takes place in New York between the 14th and 16th of this month, and are slotted to make an announcement, which should gather considerable investor attention. At the same time, ENG is starting to show signs of strength after a 90% price retracement, with growing volumes and a slight price uptick.
#12 Stratis ($STRAT)
What is Stratis?
Stratis has been developed to be a side-chain supporting blockchain. With a blockchain-as-a-service mentality, the platform allows other projects to develop their own applications on their own independent side-chains. It uses APIs as a way to access the side-chain, which overcomes issues of network maintenance and traffic. Because it has been designed in C#, a much more popularly known language than Solidity that was used to build Ethereum, Stratis offers an easy and reliable platform for developers to build their apps in.
Why we like Stratis
Stratis has been a sleeping giant for a while. After a price peak at over USD$20 in January, the STRAT token has retraced back to below USD$4 before a slight bounce to USD$7, where it stands now. The token is following a sustained upward trend that should greatly accelerate once the team launches its new ICO-dedicated platform. Scheduled for the 9th of May, this platform will greatly streamline crowd sales for blockchain projects and should bring a lot of attention from investors. Smart Contract launch is also not far in the horizon, so stay tuned.
#11 Ontology ($ONT)
ONT is a NEP-5 token native to the NEO blockchain. Ontology is a dual token system very similar to NEO. By staking your ONT, you receive Ontology Gas (ONG), which is used as the fuel to performance transactions on the Ontology blockchain.
Ontology is attempting to tackle a massive issue: how do we verify data and personal identity in order to confidently upload information from the “meatspace” onto the blockchain? Without digital identity and secure data, no one can participate in the smart economy being created by NEO.
It’s an ambitious project that aims to work with all the major industries such as government, healthcare, insurance, and banking. While Ontology is a public blockchain, they will be creating private chains for companies and governments to store (and share) sensitive data such as healthcare records.
Why You Should Watch ONT
Mainnet Launch in June 2018
Ontology is one of many projects launching their mainnet in June, and it has seen an impressive run-up since being listed on Binance back in April. We may start to hear announcements of partnerships coming out after the launch, which could keep the momentum going.
Massive Team Backed By Tons of Resources
It’s good to see that Ontology has an absolutely massive team to match the ambition of the project. They’ve also partnered with a handful of Venture Funds focused on developing companies in the tech space, namely Sequoia Capital, Danhua Capital, and Matrix China.
Not to mention, NEO and Ontology were both created by the parent company Onchain. Onchain was co-founded by NEO’s founder (Da Hong Fei) and Ontology’s founder (Jun Li), signaling a tight-working relationship between the projects.
Strength of the NEO Ecosystem
Instead of competing for market share, each new project in the NEO ecosystem seems to fulfill an important niche. This leads to increased functionality of the ecosystem, which benefits all projects involved. Over time, this shared vision may create an unstoppable network effect, making it nearly impossible for another ecosystem to overtake NEO in China. If this happens, the ONT token will be worth orders of magnitude more than it is today.
#10 Deep Brain Chain ($DBC)
Deep Brain Chain (DBC) Out of all the undervalued cryptocurrencies listed here, this one is the most likely to be big if you’re reading this article a few months from this being published. DBC is a smart contract token based on NEO that’s already listed on KuCoin and soon to be listed on Houbi, a popular Korean exchange.
It solves a huge problem in the artificial intelligence space, the training of new computers, and that’s one of the reasons DBC could be so valuable.What DBC does is create a blockchain based neural network training platform that connects computers across the world. It’s essentially a distributed AI creation network that may or may not be used in the next Skynet.
- Invested in by NEO
- First mover in the artificial intelligence space in cryptocurrencies.
- Team of top scientists and a whitepaper that actually makes sense.
- Constantly shilled on reddit and /biz/
Where to buy DBC: Kucoin
#9 DragonChain ($DRGN)
The US based company, Dragon Chain has been gaining quite a bit of attention from both newcomers and veteran crypto investors. Dragon Chainoffers blockchain as-a-service, which allows businesses to implement blockchain technology to secure their databases and execute smart contracts – all without any technical expertise. All business data is retained by the owning company and with a server-less scalable platform, any further development can be done with ease.
In addition to real world use case, Dragon Chain also serves as a platform for exclusive ICOs that can only be participated in by holding the DRGN token. The ICO function of Dragon Chain is projected to be a crucial element as over 200 projects are planned to launch an initial coin offering exclusively through Dragon Chain. To make things better, any upcoming Dragon Chain ICO will accept United States investors and only one KYC (know your customer) is required.
To bring this all together, an incredibly talented team was formed that consists of some very accomplished individuals. The list of team accreditations is too long to include in this article but a noteworthy detail to note, is that the founder of Dragon Chain, Joe Roets – has 20 years experience in software architecture and has been involved with companies such as Overstock, Coinbase, and Walt Disney. Being a United States based company with infrastructure that is completely scalable, an incentivized HODL program, and exclusive ICOs being launched on the platform – Dragon Chain is gearing up to be a promising project.
With launch of the AWS server-less platform right at the end of March, we feel that when the market turns, DRGN is going to fly (or will it rise?)
Usually announcements like this are already priced in, but with the market in its current state, people don’t seem to have jumped on the Dragon’s back with quite as much enthusiasm as they may over the next few weeks.
Dragon is perhaps one of the best long-term hold of these picks as well, so now might be one of the best entry-points you’ll ever get.
Where To Buy DRGN: Kucoin
#8 Bread ($BRD)
The Bread Token (BRD) provides discounts and additional services when using the popular Bread wallet app. Bread is the first cryptocurrency wallet to provide a loyalty and customer rewards program. In the competitive cryptocurrency wallet market, Bread has acquired over 650,000 customers in over 150 countries. The next step is incentivizing people to stay inside the Bread ecosystem.
The Bread wallet is a free iOS or Android download and easy to set up. There is no registration or personal information collected during the setup process. Upon downloading the app you can import a Bitcoin wallet or create a new one. If you create a new wallet, you’ll be provided with a paper key, “a list of 12 words that can be used to restore access to your wallet if you ever lose or upgrade your phone.”
If you decide to later use a different wallet, the 12 words can be used to generate your private key and you’ll still be able to recover your Bitcoins. The keys are only accessible from your device so you won’t have to worry about Bread getting hacked.
The simple user interface has options for sending and receiving Bitcoins. In the menu option, for certain countries, there is the ability to buy Bitcoin directly from the Bread app.
The ultimate goal of Bread is to build a decentralized bank. Just as AirBnB doesn’t own any hotels and Uber doesn’t own any cars, Bread doesn’t actually hold any of your money. They are simply facilitating the sending and receiving of your money. The company is headquartered in Zurich but provides services for users all around the world.
Bread will partner with a variety of financial services institutions to allow for the “buying and selling of Bitcoin, direct deposit of wages into Bitcoin, payment of bills, buying and selling of tokens, tracking ROI of crypto assets, etc. Bread is aiming to reduce customer’s dependence on traditional fiat based banks and move them to the world of decentralized banking.”
Rather than try and set up in each country and become legally compliant, Bread simply partners with established third parties in different countries. “If you open your Bread in Japan, you will be given access to local exchanges and services that are legally compliant and serve customers in Japan. If you travel to Germany and open your Bread there, you will see the services that are available for use in that region.”
#7 Cardano ($ADA)
The much-awaited KEVM Testnet for Cardano has been released a few hours ago. K-EVM is a stack-based machine which is an executable form of semantics at the Ethereum Virtual Machine [EVM]. This is the first ever Cardano smart contracts corrected by an EVM, specified in the K framework.
Tweet by IOHK:
“First Cardano smart contracts testnet launches today, the KEVM testnet. This is the first time that a complete formal semantics of the EVM have been produced and important first in cryptocurrency that is a step towards building 3rd generation blockchains: https://buff.ly/2ktR7PR “
Charles Hoskinson, the CEO of Cardano tweeted:
“Yo Dog, I heard you like smart contracts? So we put smart contract in your smart contracts on a blockchain https://testnet.iohkdev.io/goguen/ Cardano CL’s first testnet has been released”
All the developers are allowed to take any application that runs on EVM and test it on KEVM to prove the complete working of the smart contracts. The Testnet is executed by specifying the desired property from the contract in K and combining the contract with the KEVM specification. Further, the K framework can be used to verify all the existing properties.
The technology is produced by Runtime Verification with the support of IOHK. IOHK claims that this is an important step towards the promise of third-generation blockchains.
The next Cardano test is scheduled in the month of July, which is a new virtual machine called IELE. IELE will give the developers the leverage to write, compile and execute smart contracts, with improved security and performance compared to the KEVM Testnet.
#6 Kyber Network ($KNC)
This is simply a case of a quality project being severely undervalued.
Kyber Network (KNC) is a decentralized exchange built on a system of reserves. The project, which held its ICO in late 2017, is one of two projects formally advised and backed by Vitalik Buterin (Buterin has announced his support and advisement publicly for Kyber Network and OmiseGo).
Kyber’s decentralized exchange model is unlike anything we have seen before because it provides guaranteed liquidity at all times.
At its core, Kyber is also deflationary. The reserves must hold and spend KNC to execute these transactions, and a portion of the spent KNC is burned following every trade. As users and reserves increase on the Kyber Network, so will the demand for KNC. However, the supply of KNC will simultaneously decrease. High demand plus low supply equals positive price action.
If you look across the market, you can see how exchange tokens have been bullish over the past few months. Tokens such as BNB, ZRX, KCS, and KMD have all found their way into the top 50 cryptocurrencies on CoinMarketCap. However, Kyber is currently sitting in the 70s, and it seems to have stabilized in that range. Based on the success of the other utility tokens in its field, KNC seems to be extremely undervalueD.
0x is an open source protocol for order discovery and execution. The 0x team aims to provide a real exchange with order books and liquidity. As such, the protocol incentivizes third parties to create channels, called “relayers,” for users to generate and broadcast these messages. 0x allows relayers to charge a fee, denominated in ZRX, for their services. While 0x offers the back-end infrastructure for decentralized exchange, relayers will provide the front-end services that allow 0x to compete with existing centralized services.
In addition to facilitating exchanges within existing DApps, the 0x protocol also makes it possible for any third party to run a dedicated decentralized exchange built directly on top of 0x. These parties are called relayers; they run their own order books and user interfaces but conduct trades using the 0x contracts. Radar Relay, The 0cean, Kin Alpha, Paradex, and EthFinex are all independent companies that are building 0x relayers. Other projects such as dYdX, Dharma, and Market are building derivatives and other financial products using 0x.
0x has an extremely talented team that is tackling one of the most pressing needs in the crypto ecosystem using the best technical approach (off-chain relay with on-chain settlement) coupled with strong market validation. The ecosystem that has emerged around 0x is incredible– not only are relayers building traditional exchanges on 0x, but others are using the protocol to offer other financial instruments, and many of the biggest projects in the Ethereum ecosystem are integrating 0x directly.
0x is fueling up for launch.
#4 EOS ($EOS)
EOS is a general purpose smart contract blockchain platform created by Dan Larimer and the Block.one team. EOS has prioritized speed, scalability, and end user experience.
EOS uses a Delegated Proof-of-Stake (DPoS) consensus mechanism to achieve high throughput, with no transaction fees. The EOS token is required to leverage shared network resources such as bandwidth, storage, etc.
Why You Should Watch EOS
There is a long list of reasons to invest in EOS, and here are a few things to keep your eye on in June.
After a year-long ICO raising over $2 billion, the EOS blockchain will finally go live on the mainnet on June 2. There has been a ton of hype, but can EOS possibly live up to it all?
EOS is highly capitalized, which suggests that they will throw a lot of money into their launch. Besides their massive hackathon series, presumably the EOS team reserved some big news to announce during the launch.
Scalability is one of the most talked-about issues in 2018, and EOS is a high-performance blockchain positioned to capture that value.
EOS plans to launch with 1,000–6,000 TPS. If this is realized, they will have one of the fastest blockchains available today. EOS achieves high performance through the use of Delegated Proof-of-Stake (DPoS) with a relatively small amount (21) of Block Producers (a.k.a. nodes).
Will Solidity developers wait until Ethereum increases throughput via sharding, or will they jump ship to EOS, which can already process thousands of transactions per second? Adding fuel to the fire, EOS plans to offer the ability to simply port projects from Ethereum over to EOS.
Most projects built on EOS have done (or are planning to do) an airdrop for EOS token holders. While this is by no means a requirement, it’s a great strategy to seed your community, and it makes the EOS token more valuable. There are at least 5 scheduled airdrops in June, most notably, Everipedia’s IQ token.
Buy the Rumor, Sell the News?
So far in 2018, EOS has been one of the best-performing tokens in the top 100 by market cap. As we approach the mainnet launch, will we see a selloff that typically follows big events? Or will the EOS token maintain its strength long term?
#3 ICON ($ICX)
ICON (ICX) expects to build the largest decentralization network of communities such as financial institutions, insurance companies, hospitals, universities, and more. ICON (ICX) decentralization networks allow independent blockchains with different governances to transact with one another without intermediaries. Anyone can create a new blockchain project and join the network. A new blockchain project is free to connect with existing projects and create new unique worlds, or blockchain multiverse. ICON (ICX) itself can be viewed as both a living organism and an ecosystem.
ICON (ICX) is already working with South Korea institutions. ICON (ICX) is a vision with a proven track record and has progressed beyond the initial concept stage. ICON (ICX) already boasts communities comprised of reputable institutions, banks, securities, insurance, hospitals, universities, and more. The company states, “a future with faster money remittance and frictionless value exchange of securities, medical records, academic data, insurance fees is within our reach.”
South Korea as a major key player in cryptocurrency and with a GDP of $1.4 trillion one could only imagine if merely a fraction of South Korea institution gets on boardICON (ICX) Network. ICON (ICX) is being set to be a regional cryptocurrency much like NEO is the Ethereum (ETH) of China.
Flood of Partnerships
ICON (ICX) as a South Korean based project has a regional advantage with support from their regional industries and government. Samsung, Hyundai, Wanchain, Aion are working partners with ICON (ICX).
LINE Corporation, a Japanese based app development company known for its LINE social media platform with over 200 million daily active users, integration into the ICXblockchain network will be a massive exposure.
Good Time To Buy Icon ICX?
Down from an all-time high by 78% from a $4.736 billion market cap and price of $12.51, ICON (ICX) has experienced a massive correction since January 9th of this year, which is a good indication to buy. As cryptocurrency investors, we are looking for coins that are experiencing a 40% to 70% price correction and has found support at a 3,100 to 3,400 satoshi price and an above average volume of $20 million volume per 24hr.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) have experienced their share of massive corrections in price this year.
Alongside the price, correction is the constant influx of new partnerships ICON (ICX) is adding. In a speculative market, partnerships are key for a massive return on investment. ICON (ICX) is on top of this metric. Considering all the appropriate metrics, I believe now is the time to buy ICON (ICX).
#2 Neblio ($NEBL)
Neblio is one of several projects trying to get enterprises on the blockchain. However, Neblio has a few features that make it stand out. Most notably, they’re focused on “making blockchain simple” by offering APIs, education, many programming languages, and extensive documentation.
Neblio uses the NEBL token to act as “gas” to power the network. Neblio is a pure Proof-of-Stake (PoS) blockchain, and users can earn rewards from staking in their NEBL inside the Neblion Orion Wallet.
Why You Should Watch NEBL
Enterprises are generally driven by a profit motive, which means they will start adopting new technology (blockchain) as soon as it makes financial sense. Neblio is positioning themselves as a blockchain service provider to help these enterprises unlock the value of the blockchain.
Here are a few reasons to consider investing in Neblio.
They Support Many Programing Languages
Neblio is starting with Python, Java, JS, Node.Js, .NET, Go, Objective-C, and PHP. This will help traditional developers leverage the blockchain without being forced to learn a new language.
Room To Grow
While the NEBL token is up over 45x since its ICO price of $0.20, they still have a relatively small market cap ($94 million). That is 15x smaller than another project in the same industry (Stratis), whose market cap peaked at $2 billion in early 2018.
Beta Release of Their Neblio API Suite v2
Sometime in Q3, Neblio will officially “go to market” with the beta release of their Neblio API Suite v2. According to their roadmap, they will start by targeting healthcare records management, supply chain contract negotiation and validation, and online identity management applications.
NTP-1 Token Protocol
Neblio has created their own NTP-1 token protocol standard (like an ERC-20 token, but for Neblio). This allows their future enterprise customers to launch their own tokens inside the Neblio ecosystem. The Neblio Orion Wallet currently allows staking of NEBL and will offer the ability to store other NTP-1 tokens.
#1 Dignity ($DIG)
Cryptobontix/Arbitrade (Formerly Unity Ingot)
Cryptobontix has a slightly different vision for Unity Ingot. While they are still attempting to continue maintaining the whole legacy asset idea in play for UNY, they have also converted the token into a new token named Dignity (DIG). The amount of smart contract is also being reduced from the huge 10 billion tokens to a bit more acceptable 3 billion. Their main focus is also to ensure that each token is being backed by $1 of Gold.
In addition to the token conversion, Cryptobontix is also planning to roll out 3 additional tokens on Wednesday, February 21st, 2018. The final token breakdown is as follows: one token representing $1 USD in Gold, assumed to be the new DIG token, $2 USD in Silver for the second new token, $3 USD in Platinum for the third new token, and $4 in Palladium for the fourth new token. This is a very interesting idea because now these token will have multiple ways to back their value through the rare metals market.
While the original success of UNY was somewhat stifled by the decline of Bitcoin value, at the same time it introduced a rather interesting way to ensure tokens retain their value and can be passed down to future generations.
Reducing the amount of token from the original 10 billion to 3 billion should make a huge difference in the ability of this token to retain its value; we think Cryptobontix is making an excellent decision here. Adding additional token to diversify the value profile is also a great move.
*** Breaking News ***
Management Addresses All Rumors, Telegram Drama & FUD
- DIG Announces New (World Class) Management Team
- DIG is currently on track to have 25,000 mining rigs up and running within six months. Their goal for this time next year is 65,000 mining rigs.
- DIG Announces Airdrop! Everyone holding DIG will be airdropped the new tokens for free as a bonus for holding DIG.
To accept the airdrop, you will have to move your DIG tokens to a non-exchange wallet.
The “bonus token” will be listed on a minimum of two exchanges to possibly five.
Compatible Third-Party Wallets:
- Exodus Wallet
- MyEtherWallet (MEW)
- Trezor Hard Wallet
- Ledger Hard Wallet
- Bread Wallet
- Mycelium Wallet
DIG tokens can be transferred onto exchanges again, once the airdrop has completed.
Do your due diligence and be ready. DIG is literally doubling your holdings at no cost so now you will own two different tokens.
With some of the upcoming partnerships and news expected over the next couple of months (according to industry insiders) Dignity (DIG) could do another 500% without breaking a sweat. Making Dignity (DIG) our #1 pick with the highest upside % upside.
Where To Buy: LiveCoin
The Top Exchanges
Binance is the #1 exchange in our opinion. If you don’t have an account with Binance and you plan to trade crypto.. you’ll want one.
Join Kucoin for some of the small/mid cap cryptocurrencies that may not be listed on Binance yet.
Fess of KuCoin are really competitive. It charges a flat fee of 0.1% per trade, while the average in the secctor is around 0.20% – 0.25%. Besides, for those who hold KuCoin Shares, there are attractive discounts.
Small/Micro cap cryptocurrencies.
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