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Want To Be A Crypto Millionaire? 2 Tokens That Can Make It Happen

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Prior to the start of the year, the biggest joke in cryptocurrency was about lambo chasers.  In other words, traders who expect overnight wealth, so they could call their nearest exotic car dealership and buy a lambo.  While I’m sure a few lucky traders had the good fortune to time their buys and sells correctly to accomplish that goal, most of us still in the game are probably in a different situation with our tokens.

Most of us are probably HODLing bags of various coins that have fallen 90%+ since the start of 2018.  And while most of these coins probably won’t rise back up to our purchase price, a few of them will.  The best way to identify those tokens is to look at projects that have developed game-changing technology.  I don’t mean “developing” as in promises.  I’m talking about companies that have actually delivered on what they set out to do.

While the hype days are over, I believe there are 2 tokens which have the potential to make their HODLers extreme profits.  This is especially true since the recent crypto crash has made these tokens extremely undervalued.  The 2 tokens I am talking about are the Basic Attention Token (BAT) and Encrypgen (DNA).

Basic Attention Token (BAT)

Basic Attention Token is an open-source, decentralized ad exchange platform based on Ethereum.  The token can be used to obtain a variety of advertising and attention-based services on the BAT platform through an exchange between publishers, advertisers, and users.

The digital advertising industry is currently facing a heap of problems that include the following:

  • Users are taken advantage of
  • Publishers are being crushed by Google and Facebook
  • Advertisers are lacking the tools to efficiently target their audience

To combat these issues, the Basic Attention Token works in concert with the revolutionary Brave Browser.  Brave browser is a fast, open source, privacy-focused browser that blocks malvertisements, trackers, and anonymously captures user attention.

Since the Brave browser calculates where users spend their time, it’s a great tool for being able to precisely determine which publishers should be rewarded.  Rewards are then given to publishers with BATs.  It’s really a win-win-win as publishers receive more revenue through the elimination of middlemen, users receive better targeted ads without the fear of malware, and advertisers will get a better sense on how to spend their money.

Now is really a great time to invest in BAT.  The company has a token cap of approximately $200 million but was above $800 million at the peak.  And the chart indicates that now may be the time to get in.  The token has fallen in price by more than 50% during the past few weeks as the crypto macro environment has deteriorated.  That being said, this is one of the few tokens that has delivered a product, is in one of the hottest industries, and is significantly undervalued.

Encrypgen (DNA)

In early November, Encrypgen launched the world’s first blockchain genomic data marketplace.  This was a game changing announcement as the company can now begin generating revenues by bringing data buyers and sellers together through the Gene-Chain platform.

Through this platform, consumers and researchers will be able to transact with each other in a way that is beneficial to both parties, and Encrypgen.  Consumers will be able to upload their genomic data, store it securely, and sell it at a fair market price.  Researchers will be able to convert BTC to DNA tokens.  And then use those DNA tokens to purchase genomic data.  In the future, it is expected that researchers will be able to also convert FIAT to DNA on the Gene-Chain.  However, because of the regulations involved in this, traders need to be patient.

Encrypgen is currently very active in the process of registering both consumers and researchers to the platform.  As the amount of uploaded data sets increases, and the number of participating researchers grows, the DNA token is expected to explode in value.  The current token cap of Encrypgen is just a paltry $1.4 million which, is laughable, as the company will soon achieve utility.  To put into context the ridiculousness of the company’s current undervaluation, let’s look at a few other tokens that are running jokes in the industry:

  • Verge (XVG) – $120 million token cap
  • Dogecoin (DOGE) – $258 million token cap
  • Monacoin (MONA) – $47.5 million token cap

Verge claims to be an anonymous and privacy-focused coin but hasn’t developed anything.  The company has several credibility issues including the disappearance of over 18 million XVG coins from the Verge “fundraising” wallet that were sent to Binance, allegations of paid pumping by John McAfee, and “fundraising” efforts that have been successful only at taking money from traders.

Dogecoin is a peer-to-peer digital currency.  However, when you go to the website, the homepage is filled with pictures of Shiba Inu, the dog “mascot” for Doge.  There is almost no information available on what the company does.  And even one of the Doge creators, Jackson Palmer, has warned against the success of Doge.  A $258 million token cap is just bewildering.

Monacoin is a Japanese cryptocurrency.  The company has one of the worst crypto websites I’ve ever seen.  And on the home page, the following is said:

“Monacoin is a cryptocurrency popularized by the initiative of its community: it continues to be nurtured and built upon not by a core development team but by its enthusiastic user base.  To give some examples, Monacoin users have brought up various kinds of Mona-based web applications and services, have erected shrines in appreciation of Monacoin, regularly play word games when tipping others.”

So token holders erect shrines and that means it is worth $47.5 million?  Gee, that makes sense. Not!

The point of listing these joke coins is not to criticize them.  At the end of the day, I couldn’t care less what coins are worth that I’m not involved with.  But what’s troubling is how a project that erects shrines can be worth 30x more than a solid project like Encrypgen.  I expect these mispriced valuations to correct in a massive way in 2019 and beyond.

Conclusion

It’s still uncertain what kind of year 2019 will be.  I do expect cryptocurrencies to be trading higher than where they are now.  But how high is anyone’s guess.  Nevertheless, 2 tokens that I expect to generate massive returns are Brave Attention Token and Encrypgen.  If traders get in now and accumulate a large enough position, they might become crypto’s next millionaires.

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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.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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