5 Altcoins That Could 100x in 2020
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| 5 Alt coins That Could 100x in 2020 |
searching for that one coin that they
can flick a few hundred or a thousand
dollars in to go to sleep and wake up to
find their a millionaire that's living
the crypto dream right I've actually got
a friend or two who got involved in the
legendary ICO run of 2017 and turned a
few thousand dollars into a million
bucks for those that were there 2017 was
really an incredible time where people
could chuck money at almost any coin and
see their money ten times 50 times a
hundred times or more I'm going to reveal five
low-cap altcoins that have similar
potential I'll also give you some top
tips when it comes to choosing any
crypto portfolio as well as some common
pitfalls that you should try and avoid
so be sure to stick around just a few
quick things I need to say before
kicking off I am NOT a financial advisor
so please make sure to consult your
financial guy before making waves in the
crypto space this is purely an
educational resource and I encourage you
to do your own research as well also if
you're new to the channel the community
welcomes you I release videos like this
regularly so why don't you smash up that
subscribe button and ping that little
Bell get these reviews straight to your
inbox okay so you want to be a crypto
millionaire get strapped up as this
rocket prepares for a moon shot
before I dive into my list of top picks
I need to go over my selection process
this could also help inform your opinion
should you decide to look at other coins
that I've not covered here firstly let's
start with the valuation all of the
coins on this list are below the top 100
in market cap this is because in order
for a coin to have potential to ten
times or a hundred times it has to have
a relatively low market cap you can't
really expect a coin like aetherium with
a twenty billion dollar market cap to a
hundred times in the next two years
however the market cap can't be too low
as these often also difficult coins to
take positions on they have limited
exchange support and they have too much
liquidity risk then when it comes to
portfolio optimization I like to choose
coins with a holistic approach adding
assets to my position cannot be done
without consideration of the current
composition of the portfolio what do I
mean by that well you want to spread
your risk across different crypto
sectors if all of your plays are focused
on privacy coins for example then you
better be sure that these are the future
of crypto however if you have positions
in projects in the privacy space the
defy sector the gaming space etc you've
diversified your crypto play yes yes I
know what Warren Buffett says about
diversification but he also called
Bitcoin rat poison squared so no Warren
I don't give a damn what you think
because let's face it crypto itself is
still quite niche and nascent when
compared to broader global asset classes
so by decreasing individual project risk
you're increasing your chance of picking
that one moonshot think about how a
venture capital investor picks his
investments he's looking into high-value
startups in different sectors there will
be many that collapse but the hope is
that the gains from those that do well
will more than counter this
just take a look at the andreessen
horowitz portfolio for example they
backed only one crypto exchange in
coinbase only one social network in
facebook and they backed only one
ride-sharing company in lyft of course
they also have other considerations to
worry about like fiduciary conflict of
interest if they were to invest in
competing projects but you get my point
right
ok so I think I've made a case for
diversification and probably bored you
in the process so let me dive straight
into my top picks the first coin on my
list is a privacy coin play and this is
grim now for those who don't know grin
is one of the most well known
implementations of the mineral Windell
protocol and note this ain't some Harry
Potter hocus pocus mimbar Wimble is one
of the most ingenious privacy-preserving
protocols around mimbar Wimble is based
on the Bitcoin code base but is modified
not only to increase the privacy but
also the efficiency of the network the
main benefit here is it's one of the few
privacy coins that's also scaleable how
exactly does it do this well the exact
mechanics of this are beyond the scope
of this video check the links below for
more info but here is a 30 second
snippet in the Moonville Wimble protocol
transaction receivers are able to
generate a blinding factor when signing
a transaction although confidential
transactions need additional proofs with
each transaction making them cumbersome
member wendel sidesteps this by
stripping out the scripting behavior it
then combines the above-mentioned
blinding factors with dummy outputs to
achieve the privacy and security levels
of confidential transactions without
limiting performance anyways
grin is a completely open-source project
with no controlling organization
foundation or individual this contrasts
with the other member Wimble
implementation in beam which is run by a
company which raised private funding oh
and while we're on the topic of beam I
did a completely separate review last
year which you can watch right here
why do I like grin so much well because
I think that privacy is oh so serious if
you've watched any of my other videos
you'll know how much emphasis I place on
privacy financial or otherwise and on
the topic of mining grin uses a pretty
advanced algorithm called the CooCoo
cycle this is a sick resistant which
means you don't face the risk of minor
centralization that you have on other
block chains also I like the fact that
grin is run and funded by the community
for the community
similarly unlike with bheem there are no
early stage investors who scooped up all
the tokens in private rounds taking a
look at the markets grin has a fair
amount of liquidity and the token is
trading at fairly low historical levels
here are some of the markets you can
scoop it up
the next coin on my list is pretty
unique without many other competing
projects that I know of
this is Numa right with tikka nm are the
idea is pretty slick if you ask me it's
been called a tinder for markets a place
where data scientists can compete with
each other to find the best trading
algorithms by doing so these data
scientists are competing for the NMR
tokens so basically you can think of it
as loosely akin to the auger prediction
market however the crowdsource
predictions in this case come from data
scientists and the markets are broad any
market one can trade
the project is adding another angle to
their offering with arisia AirAsia will
allow users to sell their predictions to
any investment fund in the public
network by the peer-to-peer
interplanetary file system ipfs and
directly connect their crypto wallets to
the etherium based marketplace so
basically these data scientists will not
only be competing but they will also
sell their predictions to those who
could want to use them they're creating
a decentralized marketplace for trading
predictions all powered by NMR and
speaking of augur earlier did you know
that in January of this year there was
more staked on AirAsia than of all alga
markets combined pretty crazy right
apart from that the project has some
pretty strong backing there have been a
number of VC funds that have either
invested seed funding or have bought
into their private sale ICO
these include firms such as Union Square
Ventures paradigm and place holder and
such well-regarded funds definitely
don't invest in coins there is a
lot more to this project than I've gone
over here so I encourage you to check
out the links I've provided below in
terms of the markets for NMR they are
still quite depressed even after the
recent uptick in altcoin prices volume
and liquidity is decent although
exchange support is rather limited your
best bet among these few is bit recs
with some pretty decent liquidity on to
number three with my non fungible token
play and that is d central and this is a
really exciting project that's been
under development for over two years and
has recently launched their maintenance
a virtual reality platform built on
aetherium where users have the ability
to create and monetize their content
this is done through 3d virtual space
within the platform which is both
traversable and finite this space is
called land which is a non fungible
digital asset that the etherium smart
contract maintains so quite simply it's
a platform where users can develop their
own non fungible tokens and sell them in
this VR universe much like real-world
developers do in city neighborhoods the
utility token within this ecosystem is
mana which has to be burned in order to
create the land
this means that as demand increases for
the parcels within the decentralized
ecosystem the supply of mana will
decrease why am I so bullish on
decentraland well because I think that
non fungible tokens or NF T's are one of
those rare undiscovered gems in the
crypto space heck I even did a video on
it which you can watch over here
with decentraland you have the ability
to purchase and develop a unique token
that could be worth many many multiples
in the future let us not forget the
crypto Kitty's phase of 2017 where those
aetherium collectibles were trading
hands at crazy multiples and given that
this is all powered by mana it means a
strong use case for the token compared
to the other two projects mentioned
above mana has much more liquidity and
exchange support check out the markets
here finance bitch Rex whoa be up bit
and even coin based Pro no doubt a well
supported token prices have been on the
uptrend recently no doubt on the back of
that successful main net launch anyways
next token the global market for power
is huge every day billions in energy is
traded on the global financial markets
and power ledger wants to decentralize
it essentially the project is looking to
develop a peer-to-peer energy trading
protocol that's built on the etherion
blockchain and powered by smart
contracts the team hopes to take the
waste found in centralized electricity
networks and then distribute and
decentralize resources in order to
optimize the network and mitigate said
waste
apart from decentralizing the trading of
electricity it's also democratizing it
think about it if you generate excess
solar power at your home you can easily
sell that on an open marketplace and
earn crypto a market place with no
overseer and completely transparent
pricing and transactions now another
really important thing to note is that
power ledger operates a dual token
system firstly you have the powr powr
tokens that allow consumers and hosts
providing the energy to interact with
the protocol then you have the sparks
with a Z tokens which are the utility
token used to trade the energy on the
market power tokens can be used to
generate sparks why my bullish on the
project well they're putting power in
the hands of the users see what I did
there
people want alternatives when it comes
to their electricity choices they want
to shop around for the best deals and
not have to rely on the monopolies in
their local utility what better way to
do this than a decentralized ledger also
the project has been forming a number of
partnerships and collaborations recently
from the public sector in the Indian
government to the private sector with
numerous energy retailers and suppliers
they've also tried to make the trade in
renewable energy one of their focuses
clean energy is another one of those
trends that everyone is trying to tap
when it comes to that power token
fundamental demand is driven by network
activity as more people start using
Power ledger they will need more power
in order to access the network holding
all else equal this could lead to an
increase in price
at the markets for the power token it
appears to be quite liquid with a decent
amount of liquidity take a look at the
exchange support here not too shabby
your best bet on that list is most
likely by Nance which has a pretty deep
Bitcoin power order book moving on
though let's take a look at our final
coin for those of you who've seen my
video on defy you will note that I am
really bullish on the space if you
haven't then you can watch it right here
a project that seems to be making
strides in the space is bank or bank or
as you may recall is a decentralized
exchange protocol that's well known for
completing one of the largest
icos in history in 2017 the project
raised an eye-watering 173 million
dollars in exchange for its ERC 20 bank
or network token BNT
Bank or platform is a decks protocol
that's built on the etherion blockchain
it employs an algorithmic market-making
mechanism through the use of smart
tokens these ensure liquidity and
accurate prices by maintaining a fixed
ratio in relation to the connected
tokens that's just the 30-second
overview i've linked to some additional
bank or material below that i encourage
you to take a look at now I know there
are a lot of decks platforms currently
on the market but bank or seems to be a
top choice for a number of niche ERC 20
tokens network activity is something
that I like to use as a measure of
interest in a protocol you can also hop
over to d5 pulse where you can see the
total amount that's locked in Bank or
defy Solutions is on the rise the past
two months have seen a dramatic jump in
the locked funds so there clearly it
seems to be something afoot it's also
worth pointing out that Bank Court has
expanded beyond etherion based tokens
through the use of their bank or X
solution automated conversions between
aetherium and EOS are also possible this
cross chain conversion functionality
allows for the decentralized trading of
tokens from either system and against
each other and as a project that's
raised over 150 million dollars in 2017
the bank or team has plenty of funds in
order to build out their protocol this
is compared to many other less
responsible projects that don't have
enough runway to build out their
protocols okay so I know what you're
thinking
but guy why is B NT so rekt well it's
hard to tell one of my guesses seems to
be because of regulatory uncertainty in
july of 2019 the network restricted
trading from those who were based on us
IP addresses let us not forget that the
SEC has precedent for targeting Dex's
when they dinged ether Delta for
facilitating the trade of unregistered
securities I think these are slightly
overblown the SEC is more likely to
target unregulated centralized exchanges
than their Dex counterparts so where can
you scoop these up perhaps your best bet
is to buy a dex token on said dex as
such you can easily swap your aetherium
etc on the bank or platform to get your
hands on
BNT failing that you can also purchase
some on a centralized exchange such as
by Nance
and that's it my top five coins that
should be on your list now of course I
will say that I don't exactly have a
crystal ball I can't tell you exactly
which of these will rock it and when
what I do know is that these projects
fit nicely into my highly optimized
altcoin portfolio like the VC investor
that tries to find the next uber or
Facebook this list is well diversified
enough to take advantage of the next
hottest trend in crypto whatever that
may be
could it be defy non fungible tokens or
privacy coins either one has a chance or
indeed all could rocket as more users
jump into the old coin space and on the
flip side this portfolio was designed
such that if only one coin was 200 times
and the rest were to go to zero I would
still have a pretty decent return on my
investment I should also point out that
this should also only be a subset of
your broader portfolio be sure to also
huddle a sizable portion of Bitcoin and
etherium as these could smooth out the
idiosyncratic risk posed by these lower
cap salt .
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