Strides in Altcoin Launches Are Helping to Fuel the Crypto Bull Run

Strides in Altcoin Launches Are Helping to Fuel the Crypto Bull Run
фото показано с : bitcoinist.com

2019-5-24 15:00

After more than a year of waiting, it’s official — crypto is making a comeback. By midway through May, Bitcoin broke the $8k barrier, and the global crypto market cap hit its annual high of over $260bn. Although analysts aren’t predicting the same price mania we saw in December 2017, the overall market sentiment is still far more bullish than it has been in the last twelve months.

The analysts are probably right to remain cautious. After all, the previous big bull run was based on a vast amount of hype linked to the ICO boom. Too many startups were selling grand visions, which turned out to be over pumped (at best) or exit scams (at worst).

What we are now left with is a market where the majority of those still standing are the ones who’ve spent the crypto winter working to deliver their product. Now that those products are starting to emerge onto the markets, it makes sense that capital is flowing back into the space again.

Trust is one of the best indicators for positive market movements. So, it’s those projects delivering on their roadmap, producing a working product and with a visible, credible team that are creating an encouraging environment of growth in crypto.

Delivering on the Roadmap

OmiseGO is one example of a project that’s pulled in trust from the start. It’s a white label smart contract platform and wallet aiming to help the world’s 2 billion unbanked people get access to payment services.

The project had early backing from Vitalik Buterin himself, as it is among the first to use Ethereum’s Plasma scaling protocol. Furthermore, OmiseGO has established high-profile partnerships for payment services with the likes of McDonald’s and the Thai government. Strategic alliance partners include the Bank of Ayudhya, which previously invested over $30m in the project.

OmiseGO has recently made good on its roadmap by rolling out its newest release version, dubbed Samrong. This includes Plasma upgrades and will ultimately replace the first version of the OmiseGO network, Ari.

Working Product

In the digital world of blockchain, it’s rare for users to have a tangible product they can get their hands on, which is where Ceek stands out. The company has been around for a few years now, producing VR headsets available on Amazon and Target at an extremely reasonable price point. The company also offers a range of device-agnostic content that users can stream directly from their mobiles.

Ceek has also been delivering consistently against its roadmap, last year launching the world’s first 4D audio earphones. However, it’s Ceek’s blockchain integration that has piqued the interest of the crypto community. Using the CEEK token, fans can now access VR content from the CEEK online store. This includes concerts from Katy Perry and Lady Gaga and sports games such as the Great American Rivalry Series.

In an enhancement of the interactive experience, Ceek has also launched token-based voting on its platform. Fans of reality show contests like World of Dance can use their CEEK tokens to cast a vote on their favorite acts while watching them perform in VR. Users can also now purchase a physical gift card to redeem against CEEK digital tokens, making the tokens easily accessible to everyone without even needing to use a crypto exchange.

Visible and Credible Team

The top projects in crypto these days have a visible and credible team who lead from the front. The OmiseGO team has been recognized as up-and-coming Fintech Rockstars by Forbes, while Ceek’s Mary Spio previously founded Vidaroo and sits on the advisory board of Oculus.

Another project with a standout team is SingularityNET, headed up by AI rockstar Ben Goertzel. Goertzel is the brains behind the Sophia AI robot, developed by his other company, Hanson Robotics. While Sophia may not be something that everyone can get their hands on like a Ceek headset, she certainly demonstrates Goertzel’s track record of delivering a working product.

SingularityNET is building a decentralized network of artificial intelligence, essentially allowing AI robots to pool their knowledge and learn from one another. The project is currently open for users in beta 1 mode, with a second beta coming soon.

Takeaway

These are just a few examples, but these projects all share the characteristics of delivering on promises, providing a working product, and with visible, credible teams. Similar features in any project provide reliable indicators that the token is likely to last the distance.

The post Strides in Altcoin Launches Are Helping to Fuel the Crypto Bull Run appeared first on Bitcoinist.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0079915 (-100%)

crypto analysts market strides helping launches fuel

crypto analysts → Результатов: 126


Newsflash: Sunday Crypto Bloodbath Sees $11 Billion Wipeout Within Minutes

On February 24, following an impressive short-term rally from February 21 to 23, the valuation of the crypto market plunged by $11 billion from $141 billion to $130 billion. Several analysts have suggested that the inability of Bitcoin to break out of the $4,200 mark, a crucial resistance level for the dominant cryptocurrency, led most crypto assets to retrace.

2019-2-24 18:25


Ethereum (ETH) Long Positions Skyrocket as Constantinople Nears, But Analysts Expect Post-Fork Plummet

Over the past month Ethereum (ETH) has seen some overwhelmingly positive price action, surging from lows of $104 to highs of over $150. Part of this price surge may be due to its upcoming Constantinople hard fork, which will offer the crypto multiple enhancements and will reduce its future inflation rates, which will likely be.

2019-2-23 03:00


Analysts Expect Ethereum (ETH) to See Increased Bullish Momentum as Crypto Markets Trade Mixed

The crypto markets have experienced decent levels of bullish momentum over the past couple of weeks that has allowed virtually all major cryptocurrencies to recover some of their recent losses. Ethereum (ETH) is one notable gainer that has jumped nearly 45% from its monthly lows and has firmly reclaimed the number two spot by market.

2019-2-21 03:00


$150 Million Scandal of Canada’s Biggest Crypto Exchange Sees New Twist in Dead CEO’s 2014 Interview

The recent scandal of QuadrigaCX in which Canada’s biggest cryptocurrency exchange lost $150 million worth of crypto shocked the financial space. It deteriorated the public image of the cryptocurrency sector overnight as analysts condemned the loss of hundreds of millions of dollars following the alleged death of CEO Gerald Cotten who had sole control over the company’s holdings and user funds.

2019-2-17 15:46


Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor.

2019-2-16 02:00


Crypto Analyst: Bitcoin Price Stuck Between Converging Moving Averages Until Mid-Year

Traders, investors, and analysts are all watching Bitcoin price charts in hopes to better predict when the current crypto bear market ends and a new uptrend will resume. One particular crypto analyst believes that the Bitcoin price will continue to be squeezed tightly together until at least mid-year, as it consolidates between two important converging.

2019-2-16 23:00


Фото:

Fundstrat: Bitcoin Fundamentals “Should” Turn Positive Over 2019

While 2018’s lethargic crypto market crawl has continued into early-2019, save for Friday’s sudden buy-side influx, analysts have begun to express optimism. Case in point, Fundstrat Global Advisors, a New York-headquartered investment advisory outfit, expressed why the outlook for Bitcoin and other cryptocurrencies could improve over 2019.

2019-2-10 03:00


JP Morgan Analyst Calls For Wall Street Foray As Bitcoin (BTC) Stabilizes At $3,400

JP Morgan Low Bitcoin Volatility  JP Morgan has become an unpopular name in the crypto industry as of late. Per previous reports from Ethereum World News, a recent research paper released by the New York City-headquartered firm claims that its analysts have “long been skeptical” of the inherent value of cryptocurrencies in nearly all environments, save […] The post JP Morgan Analyst Calls For Wall Street Foray As Bitcoin (BTC) Stabilizes At $3,400 appeared first on Ethereum World News.

2019-2-7 06:00


Фото:

Analysts Watch for Crypto Decoupling, Stock Market Correlation, and $7K Bitcoin in 2019

At the end of 2018, the stock market tumbled, and leading cryptocurrencies such as Bitcoin fell through price support to reach new yearly lows, sending the crypto market into a depression state. There’s hope at the end of the tunnel, concludes a team of analysts, whose average price prediction for Bitcoin puts the leading crypto.

2019-2-5 23:00