Metaverse ETP - Has Almost Climbed from $1.20 to $5.70 in Just 10 Days - Is it the new Asian NEO?

in cryptocurrency •  7 years ago  (edited)

Hi Stemians,

Per my conversation with @cryptographic and my personal interest in this cryptocurrency, today I want to give notice of a crypto that went from $1.20 to $5.21 in just 9 days, from October 9th 2017 until October 18th. If we consider it until today October 19th, it has climbed by "4.75 times" or 475% in just 10 days. This is a lot, and it is reaching its all time high.

02 ETP Cryptocurrency Climb.jpg

It would be very interesting to get a trading insight from @cryptographic about this crypto, in case he gets some time and the chance to do it.

I had the chance to buy a bit of it at $1.30 and it has done this almost 5x in 10 days. Some people say this is the new NEO of Asia. It happened that during the ICO bans in China, the crypto went down with desperate sells, and it was left on $1. This coin has a big potential to go over $30 or more soon, who knows how much time, maybe we wake up one day and its already there. Today its still undervalued I believe, and that is why I wanted to share this with you.

What are your thoughts? Your comments are very welcomed, I enjoy replying and rewarding quality comments, and more if this will help the steemit community and myself.

When researching about cryptos I recommend you to follow @g-dubs since he makes quality findings and quality posts. Here is one of his latest posts on decentralized exchanges: https://steemit.com/bitcoin/@g-dubs/checking-out-decentralized-exchanges-binance-bnb He also, mentioned about @blocktrades the other day, which is one of my favorite decentralized exchanges.

Some extra facts I researched:

The Metaverse foundation will be sponsoring and attending the Money 2020 conference that will be held in Las Vegas, USA from this coming October 22nd and 25th, 2017.

Money 2020 is the world’s biggest marketplace for ideas, to make connections, and finaly make deals in Payments and Financial Services.
It’s where leaders from every area of the industry come to look for new business opportunities, mae partnerships more powerful and discover the latest innovations taking place.
This year it is expected to have 10,000 more attendees, About 15% of CEOs & Presidents, from over 4,000 firms and around 80+ countries.
You can visit their website here: https://us.money2020.com

A week ago, I personally found ETP and researched about it a bit more, because I use bitfinex and suddenly they added on the exchange. So I said, this one might be interesting.

Here is a post from @metaverse-org regarding the listing of Metaverse on Bitfinex: https://steemit.com/bitcoin/@metaverse-org/metaverse-etp-is-listed-on-bitfinex

When the crypto was a $1.30 I found this post from @blockchainbros talking about it: https://steemit.com/cryptocurrency/@blockchainbros/metaverse-the-new-reality

After some days passed, it multiplied by 2. So I started to research a bit more, and after reading several sites, and forums, I believe it could be the new NEO, a new Asian/Chinese Ethereum, and seems to have a very little attention at the moment when people are keeping or buying more bitcoin to get the free air money from bitcoin gold'd fork.
I read they are partned with KICKICO, and that they plan to launch a lot of ICO's in China and Russia next year. This has the potential to generate one of the largest crypto connections between 2 of the largest economies China and Russia.

Something very important is the team, and the CEO of ETP is one of the Co-founders of NEO. Different from NEO, or Ethereum, Metaverse (ETP) has digital assets, and digital identities.
Metaverse might be mixing NEO, Chainlink and CIVIC in one thing, in their unique business-friendly platform. About its team, 60 staff are working on Metaverse now.

I believe that this is a great opportunity out here at this moment.

Here is a summary of important facts about Metaverse:

  • Branding themselves as the Chinese substitute for ETH.

  • Current market cap $129 million vs Quamtum around $890 million and NEO around $1,400,000,000, that's a big growth potential.

  • Firm based in Shanghai

  • Seems Metaverse has an opportunity to invest your coins there for either for 6 months, giving you a return of 8%, or for a complete year, with a return of 20%.

  • Actual price is around $5.70

  • Low circulating supply of 22,600,000 ETP.

  • Its founder is Eric Gu, whom is a co-founder of different other blockchain projects. Eric Gu, CEO of Metaverse (ETP), is one of the founders of NEO and left it, to create his probably improved blockchain - ETP.
    He is also an advisor at Loopring LRC and a few other blockchain projects.The CEO has very important contacts in the cryptocurrency arena. One of them, the very known by now Vitalik Buterin.

In this post @boxmining shows his personal interview with Eric Gu! Amazing you were one on one with him. https://steemit.com/cryptocurrency/@boxmining/interview-with-eric-gu-ceo-of-metaverse-2017811t73334511z
I checked your past posts and will start to follow your future posts with more detail. Thanks for sharing this great insights.

In case you are interested, here is their whitepaper in English:
http://newmetaverse.org/white-paper/Metaverse-digital-identity-white-paper-v1.0-EN.pdf

With all these I am just giving facts I researched from Metaverse. I would recommend you to do your own research before investing in case you are interested on it. Always remember, only invest what you can afford loosing.

--
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Regards,
@gold84

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Lots of good info. Very speculative, I agree. Could be a big winner, but, like you say, don't invest more than you can afford to lose.

BTW, your title says $15.70. 😯

@cryptographic thanks for noticing this, and your comment and support is much appreciated. I changed it to the correct $5.70 right away. @gold84

This coin definitely has potential, I think the smart contract space is getting a little crowded. There's NEO, QTUM , ETP and I'm sure there are others out there. The people backing this coin have an interesting background, and what they are aiming to offer is valuable, it's just a question of whether they are able to deliver on the product. Only time will tell, as for now I'm going to sit back and see what happens. Congrats on your gains!

@investcrypto thanks for your thoughtful comment. Hope to see more comments and suggestions from you in the future. Keep it going on steemit. I have learned a lot from the steemit community. @gold84

@cryptographic great addition to the post. Could you please explain a bit more what you are referring to with the last question?

And then there are EOS and ADA who are the two main consensus ETC "killers". Personally, I think ETH is its own worst enemy. Smart contracts is a nice buzz phrase that gets a lot of attention, but I agree that it may lose its glamor as it becomes more and more common. Key thing for long term success will probably have a lot to due with being able to out price competition and inspire confidence at the same time. #1 question: will people want to do business on and with any given blockchain?

And then there are EOS, and ADA who are the two main consensus ETC "killers". Personally, I think ETH is its own worst enemy. Smart contracts is a nice buzz phrase that gets a lot of attention, but I agree that it may lose its glamor as it becomes more and more common. Key thing for long term success will probably have a lot to due with being able to out price competition and inspire confidence at the same time. #1 question: will people want to do business on and with any given blockchain?

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wow.. amazing..