I think it's important to make these type of post here and there to raise discussion and awareness of different tokens and coins.
What are your top 5 favorite coins at the moment and why?
What are your top 5 favorite ICOs right now and why?
What are you top 5 favorite tokens currently and why?
Let the discussions begin!
My top 5 favorite coins
- Bitcoin - Obvious, the goal is always to get more bitcoin
- Litecoin - I'm a fan of super fast transactions with barely noticeable transfer fees
- ZCash - I still believe the connection to JP Morgan is huge and we'll allow this coin to increase in value in the years to come. When you have such a strong force backing you they're going to want to make as much money from their investment as possible, so they will pull string that other coins can't from having corporate backing.
- Ethereum - With ethereum adding in more security features it seems like wine... it just gets better with time. I also believe that people are most comfortable with this coin outside of bitcoin just from past experiences, so people will continue to inflate this come in years to come.
- Dash - In my personal opinion they are the best when it comes to security and anonymous which are two extremely important factors that everyone is trying to perfect in cryptocurrency
My top 5 ICOs
Electroneum - I do not believe in this token for long term holding, but I believe it's an incredible short term flip. The reason I don't believe in it long term is the simple fact their circulating supply is WAY TOO DAMN HIGH (21 billion). The reason I think this is an incredible short term flip is because they've built an extremely high hype around it with their ICO referral program. This will undoubtedly drive the price up out the gate, then crash and burn... but cashing that pump could be VERY profitable.
UTrust - When someone buys using their platform, a percentage of that transaction fee is used to buy back UTrust tokens and then burn them. I love that idea because it keeps the token scarce. Market cap is a bit high for my taste (49 million) and I don't like that private investors hold 10% of the tokens at .02 but I still think overall this ICO is worth more investigation and consideration.
Follow Coin - Takes the "top traders" and you're able to mimic their investments in real time. Not much to speculate about since it's a pretty simple concept. Usually I'd stay away from this, but they are taking every steps to prove this can be legit, so for that they make my list and I will wait and see to make judgement (I thought lending programs were a scam until I made a crap ton of money from them... I believe this could be the same).
Cobinhood - A cryptocurrency copy of Robinhood which is an app meant for casual / new stock investors. I believe cryptocurrency definitely needs something like this to continue to bring in new money into play.
Enigma - This pretty much would tell you what investments are hot and which ones are cold based off their gathered data. Since most traders are lazy and looking to become rich quick this will get a lot of attention. It can also be used by the not so lazy who would like to find coins and tokens not on their radar to be able to research.
Top 5 Tokens
Voise (Ethereum Blockchain) - I'm a music lover and I believe since music is a part of everyone's life that a token that centered around music is a smart investment. Other then that in a previous post I've explained how I really believe they can be a SoundCloud replacement with the business model they have of cutting out the middle man (creates more revenue for the artist), gives focus to podcast, and promotes unknown artist.
SALT (Ethereum Blockchain) - A game changer in providing loans and backing of loans through bitcoin and ethereum. Truthfully this should be number one because of how important this is to cryptocurrency, but I'm being biased with my list... I love music.
OmiseGo (Ethereum Blockchain) - Vitalik is one of their advisors (creator of Ethereum) no more needs to be said. Just kidding, though this one is very simple... anyway you can think of that you would need to make payment online OmiseGo has that covered from payroll deposits, B2B commerce, asset management, etc.
Ardor (NXT Blockchain) - 1 Billion tokens and that will not change (always good when something promises never to inflate so that it does not devalue the token). I also explained this one in a previous steemit post so I won't go to far into it here, but to sum it up they use parent and child chain to make things more user friendly and simpler for developers... think of Ethereum being building a website from scratch vs Ardor building a website on WordPress.
Tether (Omni Blockchain) - Simply the most stable token out there since it's backed by fiat currency assets. I also believe since this token is built on the OMNI blockchain it will continue to drive up because of that added uniqueness.
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