https://ift.tt/2wt1m0A XRP holders probably didn’t like that title. Many won’t read beyond here. If you are a XRP holder because you believe in the tech, this isn’t for you, but if your objective in crypto is making money, you should read on.I have long been an XRP investor with it being great for gains over the years and in recent times being reasonably safe token to invest in. However, with the markets set to take off as we emerge out from the Coronavirus dip, I now believe it is time to make a change:The reason is simple.For many, we invested in XRP when it had yet to fully “moon”. The investment we made then was safe, low risk, and the only direction was up. It wasn’t a question of losing money, it was instead a question of how much money we would make. It was a great investment. We couldn’t lose, and we didn’t.From that investment we received immense gains as XRP drove to the colossal heights of the 2017/2018 market, and to this day the token still has a 9 billion MC.As the crypto market looks set to enter another bull cycle, if we look honestly at our plans for what we will invest in this time, can we still say that XRP is, from it’s current MC, that same, safe, low risk, high reward investment? The honest answer is no.When we invested the first time, XRP could only go up, with everything still to come and low expectations. Now, as we sit precariously up here at 9 billion MC, with massive expectations priced in, XRP has to deliver in order to just hold and maintain this high MC. If these ‘priced in expectations’ are not fulfilled, we can drop, and from up here the drop can be big! This is the risk we now have. Yet while this risk has massively increased, our gain potential has dropped. Now people talk about 1.5x , 2x gains in a good market. This isn’t the low risk, high reward investment it once was. It’s now high risk, low reward.There is, however, a way to continue to make the gains we once did. All it requires us to do, is for a moment, drop all the emotional attachment we have to XRP, the memories of how much gain it has brought us, and instead go back to thinking the thoughts that led us to invest in it in the first place… That it was a low risk, high reward investment.That is why I now suggest the time has come to take our gains from XRP, remove the risk that exists as we sit teetering up here at this huge MC, and put those gains into new investments, investments that are the same, solid, low risk, high reward investments that we made when we first picked XRP, and in doing so make those gains all over again.You were one of the smart few that found XRP the first time around. You can do it again. All you need to do is apply the same intelligence and rational thought that you did back then. You don’t need to read on from here. What follow’s are just my opinions on what projects I personally have moved on to, that I believe fit the same criteria we used when selecting XRP.What would I suggest?It is my opinion these tokens will follow the same path that XRP did. Low risk, high reward, solid projects.These projects are Chainlink(LINK) and Quant Network (QNT).Chainlink you are no doubt familiar with already, with it being probably the most outstanding cryptocurrency project that exists at the current time, as it develops it’s decentralised oracle system.Quant Network is still under the radar, with it’s Overledger platform for interoperability, quietly landing major deals, such as with SIA, the European financial ICT giant, embedding it’s technology into the core of global financial infrastructure, and in 2020 is set to unveil major government and banking projects.Why are they solid?Both projects have teams with the expertise and background to not only develop and deliver but crucially also have the right people involved, with the right connections, to get their technology adopted. Both projects have partnerships ongoing with major global companies and institutions. Not empty ‘crypto partnerships’, but real-world projects which deliver on the adoption of the technology and are beyond the exploratory phase.Both projects have been awarded the status of Gartner Cool Vendor. Gartner, whom I sure many of you know, is the worlds leading global research and advisory firm. The projects have been thoroughly investigated in order to achieve this status, in a process which critically involves the following:“There is rigorous process to validate vendor claims. Analysts must have spoken with multiple customers actually using the technology to make sure the product works as advertised and verify they are getting value from the solution.”You can read more about how these companies achieved “Cool Vendor” status hereThe profiles of both these projects are as follows:Quant Network — QNThttps://preview.redd.it/aykzs8gkenr41.png?width=676&format=png&auto=webp&s=0a73a731f2a1d6d830453e3b131c38677cf920afSummaryQuant Network has developed world’s first blockchain operating system known as Overledger, a system which inter-connects blockchains and existing networks, facilitating the creation of internet scale multi-chain applications. The team is led by Gilbert Verdian , a technologist with over 20 years of industry experience working in enterprise, finance, government and financial entities such as HSBC and Mastercard.The project is a Gartner Cool Vendor.Quant has a business development pipeline of 300+ clients consisting of financial institutions, central banks, government health services and other enterprise level organisations, and established partnerships with many large and leading organisations within technology.Guy Dietrich, Managing Director of Rockefeller Capital, joined the board of Quant Network, supporting the company’s ongoing expansion. Prior to joining Rockefeller, Mr. Dietrich leads the largest private wealth management practice for Morgan Stanley Smith Barney in the Silicon Valley.Ongoing project with European ICT giant, SIA which is probably the largest most significant finance related partnership ever landed by a cryptocurrency project, Integrating Overledger and QNT into the core of global financial infrastructure.Multiple large announcements due for 2020, including Tier 1 exchange listings.The token (QNT):Current Price: $5.02 / Market Cap: $60,660,860 / Circulating Supply: 12,072,738 QNT / Total supply: 14,612,493 QNTWhat makes this a solid investment:With a marketcap of just 60 million and a token at 5 dollars a token, Quant is still very much undervalued and under the radar. Although the token had a price spike last year on it’s initial SIA teaser, the real breakout moment is set to come in 2020. It’s SIA deal alone will more than likely send the MC to well over 1 billion, possibly higher. I expect the project to follow a similar chart to Chainlink. In the coming weeks and months, the project is set to reveal more on its clients and deals, with the project in March saying the following:“We’ve got 2 new Government clients one has the potential to have 50m users and the other about 8million users of Overledger. These have taken a long time to progress and land and we’re excited about what’s coming.”“SIA is HUGE partner and leader in Financial Infrastructure and they’ve picked our technology to solve interoperability of blockchains across financial institutions.”“Let’s just say, with the upcoming clients, announcements and partnerships that we have in the pipeline, we’re not going to have any trouble being on these exchanges in line with the strategy we set out”Negatives:Quant differs from most cryptocurrency projects in that it operates primarily within the enterprise world, working with the likes of IBM, Oracle, SIA, and helping them build solutions for their clients using Quants Overledger technology. A downside that comes with this is that announcements and news are subject to the processes that go on within such organizations, with it being difficult for the project to give a specific date on when updates may arrive. That said, if you are in this for the medium to long term, when these arrive does not matter a great deal.Another negative is that it is currently not available yet on any Tier 1 exchanges. However, the company has set out a strategy to list on T1 exchanges in 2020.End of 2020 Price Prediction: $120–140 dollars / Market cap: $1.4–1.6 billionRecommended Sell Price: Next BTC market bull run: Price $800–$1500+ / Market cap: $12 billion+Where can I buy QNT: IDEX exchange, Bittrex GlobalFurther Readinghttps://www.quant.network/https://www.forbes.com/sites/alisoncoleman/2019/09/03/the-tech-entrepreneur-transforming-the-way-the-world-uses-blockchain/#65b7d5212852ChainLink — LINKhttps://preview.redd.it/aenc94koenr41.png?width=655&format=png&auto=webp&s=83d0b315b0bbab91edb23d4bfb2bc1d09c0e025dSummaryChainlink is a decentralised oracle system, verifying real-world data used within blockchain based smart contracts, and bridging the gap between these smart contracts and real-world off chain applications. Formed in 2014 and led by CEO Sergey NazarovThe project is a Gartner Cool Vendor.Gained major recognition in 2019 when Google Cloud demonstrated the technology.In 2020 Chainlink partnered with Hdac Technology, a blockchain startup founded by Dae Sun Chung, CEO of software firm Hyundai BS&C. The firms intend to jointly develop a system for delivering off-chain data on blockchain.Partnered with Oracle to allows startups sell their data. Thomson Reuters also began working with the team on a proof of concept (PoC) involving their own internal services and smart contracts, and collaborations with SWIFT.Listed on major exchanges such as Coinbase and Binance, and partnerships with other projects such as Harmony, Hedera Hashgraph, Matic, Synthetix, Zilliqa.The Token:Current price: $2.35 / Market Cap: $822,069,785 / Circulating Supply 350,000,000 LINK / Total Supply: 1,000,000,000 LINKWhat Makes It a Solid Investment:If you don’t already own Chainlink, you should. It has the perfect mix of a project that not only has the technology and the means to develop it further, but a community which is unrivalled in it’s support of the project.It had a very strong start to 2020, gaining price as a number of announcements were released. The price, however fell back due to the effects of the Coronavirus on the global markets and the drop in the value of BTC. This opens a great opportunity for people who may feel like they missed out, to enter at the same price as earlier in the year.Here’s some recent comments from CEO Sergey Nazarov on their plans going forward and their enterprise collaborations:“On the enterprise side, you’re going to continue to see us working with large enterprises in different ways”“The architecture we came up with, with Google in using BigQuery and making hybrid cloud watching applications — I know that people are building using that architecture and I know that some of the things that are getting built are planned for production release,”Based on where the project was prior to the Coronavirus market effects, it should rebound hard into a very strong Q3 and Q4.The project not only offers a great chance to make returns, but given the level of adoption it is achieving, it makes the investment extremely safe.Negatives:Some people will look at Chainlink as a project that has made significant price gains already and from that perspective, perhaps question if they have come too late to invest. This is an understandable viewpoint for those used to other projects in which the majority of the value is purely speculative. Chainlink, however has so much in the pipeline that at the current price and MC, it really is just the beginning.End of 2020 Price Prediction: $25 dollars / Market cap: $8.75 billionRecommended Sell Price: Next BTC market bull run: Price $100+ / Market cap: $35 billion+Where to buy: Coinbase, BinanceFurther Reading:https://chain.link/https://medium.com/@crypto_info/what-is-chainlink-the-beginners-guide-9f79833b33b2
Submitted April 09, 2020 at 02:48AM
No comments:
Post a Comment