Okay another list for you guys! Original post over on my website: https://www.themoneylifejuggle.com/blog/5-current-crypto-currency-picks9584513
Ok, since the snapshot for the Zclassic / Bitcoin fork is happening tomorrow i thought i would give a little update on 5 cryptos i am currently bullish on at the moment and why.
Now i have unloaded all my $ZCL , sold some nearer the top of the spike and the rest on the way down. I chose not to hold my ZCL because i was having issues with the wallet and didn't want it leaving in the exchange, however, Kucoin and Binance have said they are supporting the fork. Last time i left my holdings on an exchange during a fork my wallet was offline for a long time so i just had to watch as the price plummeted.
So since i have sold some of my holdings, i thought it would be a good time to update my list.
1. Bitcoin Private (BTCP) ......'maybe'
Now this is a bit of a speculative one and is based off of price when it hits the exchanges and the timing at which i can enter. So since i sold my ZCL, i wont be getting credited with BTCP, however, i will be looking out for it when it hits exchanges and trying to find a good entry point. This is all dependent on what price it starts at. I have it in my head it will be between $150 - $300 - i know, quite a large window but its hard to tell - im just going off supply and, well....speculation. If i can find a good entry point and the price is reasonable enough then i will look at buying. If i miss the entry point i will probably look for the first big sell off before entering, or accept i missed it and move on.
2. NEO (NEO)
I am forever bullish on Neo so you may see it pop up on this list a few times, however, there is reason to be particularly bullish at the moment: the Ontology Airdrop. Holders of NEO will be credited with 0.2 ONT for every 1 NEO they hold - it isn't a great deal but it is still free money. Binance and Kucoin have also stated they will support the airdrop, however, i do believe that if your NEO is on the exchanges then you only receive 0.1 ONT for every 1 NEO. The snapshot for the drop is expected to happen around March 1st.
Along with the Airdrop, NEO has many upcoming ICO's and projects that are going to be built on the NEO block chain and they are one of the only Chinese projects that work with the Government. They also allow staking and reward you in the form of GAS so there are plenty of reasons to remain bullish on Neo. As far as price predictions......i think to could push on for $400 this year. Might be optimistic but there is so much bullish news...
3. Neon Exchange (NEX)
Above i mentioned there are a lot of upcoming ICO's on the Neo platform - Neon Exchange is one of them and probably one of the only upcoming ICO's i am paying attention to. Neon Exchange is going to be a decentralized exchange and payment service, which i believe is quite possibly the future of trading crypto. It will be built on the NEO platform and has a very interesting approach to the ICO. All details can be found on their website: https://neonexchange.org/
This is one of the many reasons i am bullish on NEO and to be honest, i am bullish on decentralized exchanges as a whole.
4. Litecoin (LTC)
I know i know, i am mentioning coins that i mentioned last list but that is just how it goes! Another one i am forever bullish on, however, i did sell some of my holdings to invest elsewhere - as much as it broke my heart. I love me some Litecoin. Great team and a great project that is actually useable. Fast payments with low fees. With a lot of coming news there are plenty of reasons to remain bullish on Litecoin, such as Litepay and many different people now accepting Litecoin as payments. Not to mention those tweets from main man Charlie Lee that give a little wiggle in the pants.
I think Litecoin could double in price this year, in my mind it will for sure reach $500......some people are touting $1000. I think that is a bit optimistic. Time will tell.
5. The Key (TKY)
So this one is actually a long term investment, at least 12-15 months. It is currently sitting below the ICO price so i hopped in and bought some for the long term. It is basically an ID verification tool using block chain technology. I don't expect anything to happen short term, but in June BDMI's test net is being developed and then in December BDMI's mainnet is being built. If all goes to plan with no setbacks then i assume the gains will come early 2019. The price us currently around 0.026 cents .....which is below the ICO price. The total supply of the token is huge so i don't really know how high it could go but there is certainly room for growth.
So there is 5 for the moment. Obviously i will be repeating myself a few times on these lists but i will try give reasons as to why i am still bullish on some coins.
What 5 Coins are you into at the moment? Let me know in the comments.
Good Fri...