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Now Is The Time To Get Into FirstBlood (1ST)

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FirstBlood (1ST) has been a real rollercoaster coin this year. Against a backdrop of almost universal appreciation in the cryptocurrency market, FirstBlood has essentially traded against the grain, rising into mid-July but subsequently peaking and collapsing throughout the latter six months of the year.

At highs, 1ST was trading for more than $2.60 a piece. By mid-December, this had fallen to just $0.33 – a decline of more than 87%.

1ST Daily Chart

1ST Daily Chart

This week, however, it looks like things are turning around. 1STran up to more than $1 a piece on December 14 and – subsequent to a short-lived correction – currently trades for around $0.85 and a market cap of $73 million. It’s not $2.60 a coin but it’s certainly a resurgence and, as we see things, it could well be the start of a longer-term upside revaluation.

So what’s going on?

For anyone that’s not come across this one before, FirstBlood is a company that was set up to design and develop an eSports and gaming platform of the same name. It’s blockchain based (of course) and as far as we can tell (and certainly according to the company’s own marketing material) it’s the first of its type in the world.

The way it works is pretty neat. Users log on to the platform and can view, and subsequently bet on, games being played by other users. The stake is split between a reward for the winner on the game being played and a return on the bet issued by the viewing user and – and here’s where the token comes in to play – is denominated in 1ST. The outcome of the games is determined by what the company’s technical literature calls Witnesses, which are essentially randomly chosen users from the pool of users running Witness nodes. At the end of a match between two players, the results are recorded on the FirstBlood blockchain and smart contracts automate the payout process – some 1ST to the winning player, some 1ST to the winning bet-placers and some 1ST to the Witnesses in return for their running the Witness nodes and helping to determine the outcome of the game in question.

And things are looking pretty strong right now.

The company put out a 2017 update on December 8 (and it’s this that we think sparked the flurry of interest in the FirstBlood token market) that, for anyone interested, is available here.

The update basically outlines what’s happened from a development and growth perspective over the last twelve months and – in turn – sets up some key milestones for the year ahead. One of these, and one that could be a major growth driver near term, is an increased presence in Asia. Analysts expect the Asian eSports market to grow by 36% next year and, with its platform in place and expanding to include more games during the first half of 2018, FirstBlood is perfectly positioned to take advantage of this growth.

So what comes next?

When you look at these sorts of user participation platforms, two things are important: adoption and scalability. The FirstBlood team has consistently reiterated the fact that it’s focused a lot of time and energy on making sure that the platform will scale smoothly as and when required, so that’s one box checked. As far as user adoption is concerned, we pretty much always see an inflection point with these sorts of platforms – user count increases steadily before hitting a critical mass and taking off on an exponential slope. We’d love to see FirstBlood hit this point early to mid next year (and with a solid Asian strategy, it’s perfectly possible) and – if it does – the price of the 1ST tokens are going to follow the same path.

 

We will be updating our subscribers as soon as we know more. For the latest on 1ST, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of FirstBlood

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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