MEDIUM CAP ANALYSIS:
Read this post's ending for details about the STEEM token giveaway!
With major players showing signs of gains, its only natural to assume medium players within the market follow suit. I've selected a few proven, medium cap coins and tokens here to show why I am VERY bullish on the current state of the market. As i see it now, ALL of these coins that will be discussed in the following sections are "Primed and Ready to EXPLODE" - but hey, thats just my opinion. MAKE SURE to do your own price action analysis to confirm or deny my predictions.
#1 Cardano (ADA)
While the Cardano project saw an unprecedented price run during the last bull market trend (December 2017), its actual substance in terms of deliverable product to the blockchain market is little to none. As of right now, they basically have a functioning wallet available to the public, while they test their main net and nodes behind the scenes.
Regardless, I think Cadano has an all-star team of bright minds working tirelessly behind the scenes to deliver to their investor base. For large market players I like to use USD comparisons, but for medium & small cap assets, its more valuable to compare them to the large players within the market... Why you ask? Well, should these coins perform worse than the large cap assets, it makes more sense just to invest in those larger coins. However, if we begin to draw comparisons to larger coins and find these coins performing better than their "bigger brothers and sisters," then that would justify a confidence investment into their Their chart is very promising - so lets take a look.
ADA/BTC
With price action spiraling to the corner of a month-long wedge in price action, where we've seen the price fluctuate between the 7500 & 5000 Satoshi level ($1.20-$0.55), all signs point to an eventual breakout to the upside. Now, with the medium cap coins and tokens, I am going to refrain from predicting price levels - as no one really can predict accurately the value of these blossoming companies. What I will offer, for anyone wondering, is that Cardano's vision for the future of cryptocurrency makes its coin one of the most promising Long Term Investment options within the current crypto space. Boasting a market valuation of approximately $16B USD, and over 25 Billion coins in circulation, Cardano has poised itself to become a Large Cap opportunity with Medium Cap entry pricepoints. I personally have high hopes for this project. Its founder, Charles Hoskins, is very active in growing the community and often participates in AMA's online and in Live chats on youtube with investors looking for a more in-depth look at the behind the scenes operations. Take a look at ADA if you want to "set it and forget it" when it comes to cryptocurrency investment - I could see this becoming a MAJOR player by 2019.
Looking for a short term prediction? The images below show major trend lines plotted using data points from far in Cardano's past. These were screenshotted on January 31st, 2018. You can draw your own conclusions.
#2 Stellar Lumen (XLM)
A hardfork of Ripple - Stellar with its coin, the Lumen - is just beginning to show its major potential in the crypto-investment space. Lets take a look at its price action over the last month.
XLM/BTC
As we can see from the chart, another price wedge - but lets not get carried away. Although promising, I chose XLM to bring about an important point in investing: choosing your entry and exit points. While its true that XLM has massive potential in 2018, its coin XLM recently realized a breakout from its month long price wedge a few days prior to my writing of this blogpost. And while this is still a promising investment in the medium to long term, I would heed caution investing at this time - as you may be buying at a highpoint, and therefore a less-than-intelligent entry point. More to my point, with its recent positive movement in price action XLM could very well be entering a consolidation phase where some buyers who smartly made investments during the large correction period may very well sell some of their positions in order to lock in profits.
If this occurs, it will likely result in a small correction. As an investor looking to make your first investment into Stellar Lumens, patience may reap you rewards, as XLM will likely drop in price over the nex few days before once again finding support and gaining a bullish trend. Look for XLM to hover around its current price until JUST after bitcoin finds its first consolidation phase in mid-February. A smart buyer would look around the 4600 Satoshi level, with anything under 4800 satoshi's being a very high-value trade.
Liking what we see so far guys? Me too! February will be a big month for crypto! Remember - buy the dips, and dont get caught up in the FOMO or Hype! Always let calmer and cooler heads prevail.
#3 ICON (ICX)
ICON, South Korea's first blockchain, has had an impressive year up to this point. It has gained almost 400% in value since appearing on Binance in mid-December, but will this bullish trend last? Lets take a look at our most recent price data and see if we can find some promising trends.
ICX/BTC
If you have caught-up to the theme of this post, then you may have guessed it right. Yet another promising chart with bullish indicators Alllllll over it. Increasing Support Wedge in Price Action, Solid Appreciating Channel throughout the prior month or two. Guys, this has to be one of my favorite charts AND favorite projects within the crypto-space, with hoardes of new partnerships popping up every month it seems. Ill be honest if you guys were wondering - I have a HUGE position in ICX, which is why this chart makes me happy and why I chose to highlight it here today. With no signs of stopping, ICON is poised to become a dominant Medium Cap Blockchain within Q1 & Q2 2018. The team behind it is star studded, with Chinese Forbes 30-Under-30 personalities backing its tech as major investors and partnerships with other well-done emerging projects in the Blockchain industry. Just check out this info-graphic below!! Again, while I dont like putting dollar amounts of Medium & Small cap coins, I will go out on a limb and say that ICON still has about a 10x run over its lifetime. For a new investor, this is a slam dunk. Solid tech, functional product, amazing team and promising partnerships!
That does it for the Medium Cap Coins & Tokens, but I'm not done! Are you guys out here, hungry to find the next big thing? While investing in currencies is promising, some of the largest gains to be had out in the crypto-space come from companies looking to become household commodities once mas-adoption becomes a reality! What trends to I look for in the "Next Big Thing?" Well, Ill tell you..... in my next market update scheduled for tomorrow, February 1st 2018, in which I will explore three coins currently disrupting the market and making waves.
Tune in! Tomorrow I will be doing a STEEM TOKEN GIVEAWAY to one of my early, and valued, followers! Just make sure you tune in tomorrow, like and resteem my post, comment in the sections below with your STEEM wallet address and I will choose the winner at midnight!
Dont miss out!
Great post, great content. Thanks for sharing, definitely possible moonshots that could do a 10x or more. Check out my blog for other possible moonshots.
https://steemit.com/@altcoinmoonshot
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Be sure to stay up with my daily market updates! Tomorrow i'll be giving away 1 Steem Token to a random follower who upvotes & comments on the daily update post. Just have to: a) follow my page, b) upvote the post (after reading it, hopefully) c) comment on the post
by the looks of it, you might be the only person smart enough to keep a track of it! your odds look great.
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Coins mentioned in post:
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Thanks for the price information! I really like the premise of your page/blog! Very informative.
Be sure to stay up with my daily market updates! Tomorrow i'll be giving away 1 Steem Token to a random follower who upvotes & comments on the daily update post. Just have to: a) follow my page, b) upvote the post (after reading it, hopefully) c) comment on the post
by the looks of it, you might be the one of 2 people dilligent enough to keep a track of it! your odds look great.
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Nice analysis. I hadn’t heard of Icon before.
ADA looks good for short term trading, but I wouldn’t want to hold it long term. It has some serious flaws.
Have you heard of AGIToken?
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