Hello reader,

I'm going to start highlighting a few promising, small marketcap altcoins with some commentary and also write about a few other altcoins that have sparked my interest over the last few months. Thanks for reading.
Disclaimer: don't fully rely on 3rd parties (e.g., Coinmarketcap, steemit writers) for information; small marketcap altcoins are subject to high volatility

Elixir

Overview

A follow-up mention on a token that I wrote about 2 months ago.

Last post marketcap: $1,869,603
Current marketcap: $5,794,299

Elixir has had its ups and downs, but is now showing steady growth. As I mentioned in my last post, elixir encompassed ~35% of my portfolio and I've accumulated on the way up and down. Currently, it sits at ~55% of my portfolio due to nearly tripling in marketcap over the last few days.
You can take a look at my last post to see a few reasons why I was bullish on this coin back then; nothing has occurred to change any of the points I laid out in the previous post. If anything, the developers are constantly overperforming. Quick rundown of what I've seen recently from them:

• Development
  • Fast. As an amateur developer, I generally understand how long development should take and if the team is working hard or not. The elixir team of two developers have not only laid out an extremely optimistic timeline, but also have adhered to it thus far.
  • Flexible. The developers have a grand vision in mind, but are willing to adjust when faced with issues. They not only adjust, they also expand their goals. For example, introduction of a conversion token and/or recent development of a token manager that enables Elixir to become a protocol for lending.
  • Focused. Every week. Development update with progress showing. Not just an update for the sake of posting an update.
• Marketing
  • Devs are using twitter more and more to broadcast their announcements and updates.
  • Still lacking some in this area, but luckily they have individuals like me who enjoy learning/writing about crypto.
• Reliability
  • Devs show a start-up like devotion to their project. The dedication and self-sacrifice that comes from growing your own small idea over months, years should not be overlooked. I'm confident that, in their minds, the devs are just scratching the surface of what they can build. They're almost obsessive over their project and that's great news for us as investors.
• Integrity
  • Rather than tell you, take a look at how they've handled their past interactions with TME to Elix conversion, choice to opt out of an ICO, handling of genesis addresses, etc. There is no dirt and I doubt they will do anything to lose investor trust.
  • This thread (https://bitcointalk.org/index.php?topic=2144082.0) documents much of their past decisions/actions.

Chart Analysis:

Elix Short Term

• Pennant repeat patterns
• Overall ascending triangle until further developments
• Strong support and/or strong holds as price trends upwards

Elix Long Term

• Possible Cup and Handle forming
• Cup will most likely correlate with fiat price rather than satoshi amount, but this discrepancy may lead to a higher right "side" of the cup than usual

Upcoming Timeline:

• New Website + Dev Team Page
  • now - 1 1/2 months estimate
  • professionally hired web developer
• Listing on a larger exchange
  • now - 3 months estimate
  • there are only rumors and devs can't/aren't divulging information about this
• Alpha Release
  • Q1 2018
  • devs mentioned being ahead of schedule but no promises
• Beta Release
  • Q2 2018

Cheers! Thanks for reading and I'll be posting more often about some new altcoins!