This year, one of my key investment themes has been that, despite dramatic advancements in cryptocurrency technology and adoption, the sector remains in its infancy stage.
To those of us knee-deep for the past five-plus years, it seems like eons – but the FACT remains, that 98% of the world knows is unaware of cryptocurrency; let alone, how to buy, store, or use it.
To that end, consider that perhaps 98% of cryptocurrencies have no viable, defensible use case – which unquestionably, justifiably so, is a major reason behind the current altcoin purge. Moreover, of those that do offer potentially viable value propositions, essentially all are contained within the crypto ecosystem itself. In other words, “store of value” coins like Bitcoin; “platforms” like Ethereum; and assorted ways of transferring assets between blockchains.
In 2018, “blockchain” became a buzzword in the mainstream business world – like “dotcom” back in the late 1990s; if only to show leading corporations’ interest in the latest technology craze. The problem being, that few, if any, were actually DOING anything.
That said, the reason cryptocurrency is so exciting, is not just because Bitcoin has the potential to become Digital Gold; or smart contracts, a method of usurping traditional, banker-controlled, government-regulated finance vehicles. To the contrary, these are just a handful of the potential applications of this revolutionary technology – that ultimately, could become as ubiquitous in mainstream business as the internet itself.
My business is professionally cryptocurrency consultation – but at cryptogoldcentral.com, I am EXTREMELY selective about the projects I work with. To that end, I have now spent two years with Bitcoin Rhodium – and cannot be more pleased with how it’s progressed, as a potentially desirable store of value niche coin. As for MWC, I have spent the entirety of 2019 helping to build what I expect to be the premier MimbleWimble coin, upon its planned launch next month.
Otherwise, I have not found any other coins to champion, given how few, in my opinion, offer anything of value to crypto investors. However, I may well have found another gem – which, as I mentioned in the below article from two weeks ago, came to may attention two years ago, by pure happenstance.
“Finally, a word of praise for Nexxus (NXX) - not Nexus, a coin I received back in 2017 for participating in a series of podcasts by its team to spread the word not only of Nexxus, but crypto itself. In its former life, back then, it was attempting to be a token used for a broad network of crypto educational products – that slowly died off, given the 2018 crypto bear market and a general lack of interest.
However, I never lost sight of the fact that the team behind it – which was NOT attempting to create a decentralized store of value, but a new way of doing BUSINESS – had some heavy hitting mainstream executives in it. Thus, when I learned last month that it had re-incarnated, as a deeply organized attempt to create a digital Groupon competitor, I took notice. And lo and behold, later this month, it will have its “Initial Exchange Offering,” or IEO, on the Korean Probit exchange…that potentially, could be a form of new-age finance that ultimately, usurps stock and bond offerings. This story has some SERIOUS potential, for entirely different reasons than nearly all other coins.”
In other words, Nexxus aims to be a major global company, whose token (old NXX is being swapped for new NXR) will be the “currency” of the rewards program it aims to usurp Groupon with – which, if successful, could make it worth many billions of dollars; while at the same time, making it one of the ONLY crypto applications thriving in the real business world.
If this occurs, it could be a game-changing event for crypto itself – which is why I’m so excited to see how its IEO, or Initial Exchange Offering, plays out. It just launched yesterday on the ProBit exchange in South Korea – by far, the largest IEO provider in the nation; at $0.20/NXR, with a promise the tokens will eventually be repurchased by the Nexxus Rewards program at $1.00/NXR.
http://www.nexxuscoin.com/sections/company/21/nexxuscoin/index.html
There are no guarantees, of course, but I am keenly watching this story evolve – and advise you, too, to do due diligence…starting with this YouTube interview with CEO Bob Wood.
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