In the recent bull market almost all altcoins made astronomical returns for their investors. Projects with only a white paper and no ready tech were able to make hundreds of millions in market cap and even a scam like Bitconnect was worth billions! It didn't matter what coin you bought, profits were almost guaranteed. Till the crash happened………..
The hype is over, investors will start looking for good coins
Sinds a few days we know why the cryptocurrency crash that whipped out hundreds of billions dollars happened. READ HERE MORE. The fact that all cryptocurrencies crashed while only Bitcoin had it’s fundamental reasons tells me that the altcoins were in a huge bubble. Many altcoins lost up to 90% of their value while nothing fundamentally has changed. The easy money that was made without the need for any analyses was whipped out in a few weeks and an important lesson was learned…..
In my opinion Bitcoin is the best crypto investment and I will allocate 80% of my funds to BTC because it is the safest and most innovative as well.
Beside Bitcoin there will be some other cryptocurrencies that will be viable for the long term. When investing in cryptocurrencies it is extremely important to choose for a project where interesting things are done and real life use cases are being rolled out. Komodo fits in this profile and is never hyped (yet).
Komodo is interesting and cheap
Komodo is priced at 3,37 at the moment and the market cap is only 350 million dollars. The previous ATH was 12.89 and it looks like the price is back to the base line. This base line is steadily rising in terms of dollars and about paralel with the BTC price.
I think Komodo could be good pick in the next bull run where people will likely search for interesting projects instead of empty hype (when the lessons of the previous crash are understood). I think Komodo is ready for a take off when the market sentiment flips.
Last week an exiting partnership was announced
3 days ago a partnership between Komodo and Blocnation was announced. Blocnation will launch the first decentralized ICO on Komodo where Bloc tokens will be created for the biggest cashless payment provider in Asia, Pouchnation.
Pouchnation was established in 2012 and active in 9 different countries. They have done cashless transactions for more than 25 million Singapore Dollar already and have plans to expand. In their app you will be able to hold altcoins, buy event tickets, book and stay at venues, top up accounts and get cash back.
Komodo is doing really interesting things
Komodo is never hyped (yet) while their innovation is really ahead. Komodo devs did the first atomic swap ever and they are still doing swaps for the first time between different pairs. An atomic swap is a peer to peer transaction between assets on different blockchains (swap LTC for BTC e.g.)
The ability to do atomic swaps enabled Komodo to build the Barterdex, a decentralized exchange that works purely on atomic swaps. The Barterdex is currently in Beta, the volume is still low and the current trading pairs are less common coins. However, I am sure this will improve over time! Alongside the Barterdex Jumblr is build, here you can mix coins by using atomic swaps to make them anonymously and untraceable to increase privacy.
Delayed proof of work
Komodo works on delayed proof of work. This means that their own consensus algorithm is backed by the Bitcoin blockchain. Bitcoin has by far the most secure blockchain and Komodo benefits the same security level without the need to burn another load of electricity. This is a HUGE advantage in my opinion, because I don't believe in PoS and I think it is really inefficient if every PoW coin have to secure it’s own blockchain.
Decentralized ICO’s
Another feature of Komodo is the ability to launch decentralized ICO’s. When an ICO get launched a new blockchain will be created that benefits from the Delayed PoW and thus uses the security of BTC. This means that the security of tokens launched on KMD will outperform the security of ERC-20 tokens by far.
Privacy and decentralization, perfect ingredients for 2018
2017 was the year of mass attention and I expect 2018 to be the year of mass adoption of cryptocurrencies. However, this will not happen without resistance, regulators will create obstacles. My expectation is that privacy and decentralization will be the hot subjects for next year. Komodo uses z-snarks (privacy feature Zcash) and delivers services as decentralized exchanges and mixers to avoid regulatory hurdles.
Why invest in Komodo (KMD)?
Security of BTC, anonymity of Zcash, an ICO platform, a decentralized exchange and a coinmixer. Why is this coin only worth 350 million while many shitcoins without working platform are in the billions? Also an interest rate of 5% per year is paid to the HODLers and you can store your coins securely on the Ledger Nano S. I think the reason that KMD is so cheap is the absence of HYPE. I really think Komodo is the hidden pearl of this moment!
Disclaimer:
This is my current view on the market and no trading or investment advice. Always do your own research and educate yourself before risking your hard earned money.
Like this post? Something to add or comment? Upvote and leave your comment below!!
More info:
https://komodoplatform.com
Coins mentioned in post:
Thank you, NANO is the Ledger Nano S, haha
Cool, following you. Whats your current favorite coin/token?
Bitcoin is by far my favorite. I think everyone should first learn about and invest in BTC before going to other coins. Here my reasons:
https://steemit.com/bitcoin/@michiel/don-t-underestimate-the-store-of-value-feature-of-bitcoin
Have heard quite a few people talking about komodo. With the SEC starting to pay more attention to the cryptocurrency market, the importance of de-centralized exchanges is paramount.
Yes that is my expectation too, decentralized exchanges and ICO's could become the big thing this year and KMD could benefit hugely from that
Yep! Followed!
holding
I'll be buying into blocnation. Love my KMD and blocnation team looks solid with a working product
I buy all my komodo holdings when its price is still $10.00. It looks like I lost a lot.
Price of Komodo also suffered a few days along with other cryptocurrencies. Will this coin survive and will it give a good return in long run? Though I am skeptic but your article encourage me to have some faith on this coin.
KMD seems to get so badly overlooked all the time, maybe they could do with another rebrand!
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I have had Komodo on my radar, definitely think this is another hidden gem!
Thanks for the post. I totally agree that Komodo is a hidden pearl and one of a handful of projects making real progress. The atomic swap method is much more inline with the true nature of crypto than traditional exchange. Vertcoin, LTC, Bancor fit similar niches. Really like Vert and Komodo for decentralized aspect.
That's a coin I wondered about and haven't got around to looking at it yet. I'll have a closer look.
Thanks for sharing your thoughts with the less informed.
Read explanations and analysis @michiel and if associated with bitcoin advantages over other logical crypto to invest in Komodo. thanks from @mukhtarilyas #mukhtarilyas
KMD is solid
In the garage.