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Here are a few reasons why Metaverse (ETP) will be huge in 2018.
What is Metaverse?
Metaverse is a leading public blockchain based in China. Designed to facilitate low-cost, convenient transfer of digitized personal data and assets with unprecedented security and privacy, Metaverse aims to revolutionize the way financial services and transactions are processed, and to improve outdated and inefficient identity verification services with a network of Digital Assets, Digital Identities, and Oracle Intermediaries.
Metaverse is big business and enterprise friendly
To implement smart contracts on ethereum's blockchain, it requires a programmer that is familiar with the programming language Solidity. Platforms like Neo also require programmers in but more common programming languages. With Metaverse however, anyone can create and distribute assets in a safe and secure manor. This is what the Metaverse foundation refers to as Blockchain as a Service, or BaaS, which is a concept that Metaverse created to cater to business users.
It is extremely undervalued
Currently Metaverse (ETP) is ranked 175th on Coinmarketcap.com at 3.80 with a market capitalization of 141 million. The market capitalization of Metaverse is absolutely dwarfed by projects that utilize similar technology such as Ardor and Neo, having 2 billion and 8.8 billion respectively. Metaverse has more utility than both of these cryptocurrencies. If ETP captured the same market capitalization as them, it would put it's value at approximately 50-200$ per coin. I think 50-200$ is a fair price target in 2018 for ETP.
You can stake your ETP for a fixed return
If you hold ETP you can stake them for a fixed return of approximately 20% every 500 days, or as low as one week for a much smaller percent return. This an ingenious incentive for investors to hold long term. If you stake your coins for the maximum return, it is currently a better ROI than Neo-Gas reward. However, this also means that ETP are taken out of the realized circulation of ETP available on the market.This means it would take a lot less volume to increase the price of ETP.
A strong community backing
Metaverse has programs that allow members of the community to join in and contribute for rewards. The bounty program awards developers, community contributors, and more for their work to benefit the Metaverse Foundation. Metaverse also recently launched their Ambassador Program, a comprehensive plan to support a community of driven blockchain enthusiasts and elevate their reach which aims to . I believe a strong community backing is key to building a strong ecosystem for a cryptocurrency.
Sounds like an interesting proposition, however, the "China" and "unprecedented security and privacy" for me dont sit very well in the same sentence. By no means am i wishing the currency to fail, or advising others not to invest in it, as it may offer something far greater in the future, but the Chinese Government exercises a lot of control over entities within China (and also outside of China), so due diligence should be exercised, as it may transpire (only may transpire) that what you are signing up for is a state controlled coin which can be manipulated on a whim by a government to further their own agenda (which really goes against what cryptocurrencies stand for). I do hope I am wrong, and that the coin has a great future, but i think i will steer clear of this one.
Anything I have said is my own opinion, and should not be taken as investment advice in any way, shape or form.
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