It takes a lot of confidence (and self-assurance) to keep holding your cryptocurrencies when most of them have lost more than 90% in value for eleven months straight. Holding is a doubtful option for many investors in the current market. Yes, it’s bounced back a bit nicely today but things have been ‘bloody’ till yesterday.
And of course, we can’t label only one day’s greenery as a trend. Newcomers are not exactly excited to put their money into the current crypto market. Not all fears are strictly irrational.
The current debacle is serious enough for many cryptocurrencies to fail and never bounce back. The main reason behind those failures will be a lack of competitive advantage through use cases and applications for their blockchains. But some projects will eventually thrive because they have what it takes.
The investors that can identify those projects could hit a mine gold in the not-so-far future. We’ll talk about two candidates for that in this article: Digibyte (DGB) and the Basic Attention Token (BAT). Let’s see these couple assets in some detail.
Basic Attention Token (BAT)
The brave browser’s main focus is advertising. Since publicity is unavoidable for any web surfer in the world, why not make it more efficient and convenient for both the advertiser and the user?
That’s the point in brave. With this browser’s approach to ads, advertisers get value for their money while users don’t feel they’re uselessly nagged all the time.
It eliminates the need for ad-blockers. It’s been successful, and it’s gaining adoption at the rate of millions per month. And BAT is the token that makes this software work. Because BAT is the coin making this happen and the browser is expanding in all markets, the token’s value can only increase in the future.
It’s already supported by many of the world’s largest exchanges (Coinbase, for instance). That will facilitate high trade volumes for a useful asset. Taking both things into consideration, you can only conclude that this is a project that will work long-term as it holds a huge potential. The benefits outweigh the present market fluctuations by far.
No new investor will be attracted by the current year’s Digibyte’s price history. But for the more experienced players who base their decisions in a fundamental analysis (read, intrinsic value) instead of technical analysis (price only), it’s an asset that should be considered for inclusion in a long-term portfolio. Digibyte never held an ICO (which means it won’t be declared a security) and a committed community drives it.
Both things guarantee that no clique of manipulators can move the market at will to scam other investors. This is a blockchain that will be around as long as any blockchain at all is relevant. It’s valuable because it’s trustless and uncensorable. You can probably say that about any blockchain that’s implemented correctly, but that’s not all.
This coin and project have relevant use cases for valuable industries, and that’s what is going to give it a very long life within the cryptoverse. Think about cybersecurity. It will only grow more important as digitalization keeps moving forward all around the planet and Digibyte is at its center.
DGB’s value (and price) will only grow along with the cybersecurity industry as time goes by. It presents an excellent opportunity to buy cheap and hodl before FOMO arrives when it becomes a bullish market (that has already started as we write this article).
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image Courtesy of Pixabay.
Is Ethereum Still Searching For Its Bottom?
The crypto space has mostly been seeing drops in value during the last 30 days, and it was clear that the bear market of 2018 still has enough energy to cause further damage in this year as well. Most coins occasionally felt a slight growth, although it was not big enough to spark a real rally and shake off the bears.
When it comes to Ethereum, the coin has been dropping continuously since January 10th. ETH experienced high volatility ever since it broke down a $180 support on November 14th, 2018. A small rally starting on December 15th started taking ETH back up, although the highest it managed to reach since then was $159.58 on January 6th, 2019. Since then, the coin’s price entered another free fall, although it never dropped below $100 since then.
The coin seemingly found some stability in the final days of January, when it was trading at around $119, although another drop followed in the first days of February, and Ethereum nearly dropped to $100 on February 6th.
However, February 8th brought a new surge which affected the entire crypto market, bringing the coin’s price back to $144.15, which is its price according to TradingView at the time of writing. The new surge exceeded 11% in the…
Last Week’s Top 3 Most Significant Crypto Events
The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.
1) A crypto Whale moves a large portion of XRP
Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.
They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.
One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This…
TRON Ecosystem New Addition — CryptoDungeons
According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.
— TRON Arcade (@TRONArcade) February 9, 2019
The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.
CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.
The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…
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