Prudently I propose and predict prices

in #cryptocurrency7 years ago (edited)

Predictions

I thought it'd be fun to make some predictions for the near future and beyond so I hope you enjoy my overview.

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I would like to preface this by saying that there are two outcomes that 2018 could hold. In this blog post I'm going to talk about the positive outcome because I really just think it's more likely. The ball is in motion and it's going to take a lot to stop cryptocurrency. The other possibility is that we see a crash in the next few weeks and it keeps the crypto ecosystem depressed for another 3 months to a whole year.

Coins to nab this Christmas

That being said, every coin in the top 50 will likely appreciate in value in 2018. It's going to be glorious. The real question is which coins have the most upside. My personal belief is the money will be flying everywhere, you should really try to mitigate risk by investing in solid fundamentals though. Here are some coins I believe strike a good balance of upside and fundamentals.

  1. Steem / SMTS: Okay listen. I am a little biased. But at $2.80 as of writing this post, it's still an amazing buy. I really think that the $10 steem is within reach for 2018. If SMTs see early adoption and the initial reviews are good, we could even see a gradual healthy pump into the $50+ range. The tech behind steem is some of the best in the game right now and with SMTs around the corner the low price will be very difficult to justify.

  2. EOS: With 500ms confirmation time and smart contracts, it's easy to see why EOS has been getting so much buzz. The early work looks pretty promising and we all know Dan can deliver a solid product. Even at $8 I don't have too much issue suggesting this one. I think EOS will likely see the $100+ range as it approaches 1.0 release.

  3. IOTA / BYTEBALL: It's interesting to group these together, but they makeup the major players right now in the DAG coin game. DAGs are very interesting because it's an alternate approach to scaling that actually improves and becomes faster with each transaction added to the DAG. IOTA's execution leaves a lot to be desired but overall I think their heart is in the right place. Byteball is really interesting too in that it has all the advantages of IOTA with no coordinator. It also supports confidential transactions that are done in a way that is significantly less cryptographically intensive. All it uses is hashing and emails on chain. Pretty interesting stuff.

  4. Golem: Truebit is a verification protocol which allows for computationally expensive smart contracts to be computed off chain. This allows for massive scaling benefits. This technology has yet to be implemented into its own currency, but until then, golem is the next best thing. Golem is bringing to life the spirit of truebit by using its verification protocol. The software is still in alpha but I'm 100% sure this technology will be getting lots of attention as the scaling race heats up in 2018.

  5. Monero / Zcash: As the demand rises for cryptocurrencies so will the demand for privacy. Especially as we begin the regulation era. Zcash and Monero are on the cutting edge of the confidential transaction technology right now and I don't see them going away in 2018.

  6. Bitcoin: As much as we all love Bitcoin (yes you do, don't try to hide it), it's your mom's cryptocurrency. I believe that buying Bitcoin today could still double your money in 2018. While it may not have much upside, it's a very safe bet.

Coins to give to your bratty nephew

And just to say we did, why don't we enumerate some bad apples to avoid for 2018.

  1. Tether: Listen, I don't have any solid evidence, but the writing is on the wall.

  2. BitConnect: Another obvious choice. Cryptocurrency is already way to volatile for Warren Buffett, do you really need to add a ponzi on top?

Hope you enjoyed this article and let me know what you guys think are the best investments down below in the comments.

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As an afterthought I wanted to add which of these coins I hold currently:

  1. Steem
  2. EOS
  3. Bitcoin

I keep it in the family :)

lose value to rise again after a little more steam, I think it is to pass

what about chinese cryptos ? like BNB & TRX ?? Any advice ???

good post dear

nice job predicting the demise of BCC, and the rise of EOS!

ALSO Byteball is now connecting to steem airdropping to hi rep users, blood hell man, everyone steals your ideas!

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How can you promote BitConnect??!!? You should know better, Nate. That better not be a referrer link. But I can't be bothered to check nor actually read the full context of why you're promoting BitConnect of all things.

You should probably take the time to actually read what he says about it..

I hadn't heard of Golem before. I've been kind of torn about IOTA. I hear conflicting things about whether or not it can reasonably achieve its vision. The truth is, you really can't invest in any crypto without having some faith that the good tech is going to be adopted. Gotta take a risk to get rewarded. My hope is that there are big gains across the board in the entire sector as the public warms up to blockchain technology overall.

I believe that 2018-2019 won't be beholden to business plans and proper execution as much as the traditional markets are. With good enough marketing really any of these coins could see a massive pump. I totally agree though, the gains will be spread out over the whole sector.

yes, @picokernel . some coins will pumped. but we can predicated them. i know some of thems. that's good post bro! thanks

Its golos not golem...........

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I would like to suggest SUB substratum to be added to that list.

I actually picked up a little bit of sub because of this comment. Thanks! I'm not sure it's going to revolutionize anonymization, but it will probably see a plenty of gains in the meantime.

That's great glad to hear that. @picokernel

You shoudl do more research on SUB check the article i posted in my yesterday Blog #JustSayin :)

Thanks for the information, Nate!

good post @picokernel big luv bro hope ya well
gonna give some of these a shot

it's your mom's cryptocurrency

Your mom. LOL

Not actually his mom. Your mom!!! His mom is crypto-diversified!

That got me laughing like I am Donald Trump

We need to get more votes on this post!

Hey, it's your mom. I buy more than Bitcoin :-)

I would love to hear your thoughts on bitshares also? Great article. Thanks