5 Altcoins to Look Out For this Summer

5 Altcoins to Look Out For this Summer

After a prolonged crypto winter, the dog days of the altcoin summer are finally here — which means you might want to watch these five cryptocurrencies carefully.



First on the list of cryptos to look out for this summer is NAGA COIN (NGC).

NAGA COIN is the token which powers the expansive and all-encompassing NAGA ecosystem — which itself includes the likes of NAGA TRADER, NAGA WALLET, and NAGA VIRTUAL. By that, we mean it is the decentralized utility token used for both trading and investing in financial markets, virtual goods, and other cryptocurrencies.

NGC’s strength lies in its utility. Everything that happens in NAGA’s ecosystem revolves around NGC — as the token may be used to pay fees, act as collateral, and serve as the primary currency for all transactions. Recently, NAGA introduced its ICO-Hub, a NAGA WALLET feature that lets users participate in the hottest and most exciting coin offerings with just a few simple clicks, using NGC as the direct payment method. This makes NGC the main driver of the platform’s sustainable economy in which demand is ever-increasing as more users, game publishers, and big-money financial institutions discover the many benefits the NAGA Ecosystem has to offer.

For traders, NAGA COIN — like many altcoins — is down substantially from its all-time highs. With such real utility and a diverse ecosystem backing the coin, however, this is certainly one token worth seriously considering before the next altcoin cycle.

Litecoin (LTC)

Litecoin (LTC)

On the subject of being down substantially from all-time highs, Litecoin — often called Bitcoin’s little brother — is currently trading at what many may consider to be a substantial discount.

TMT Blockchain Fund’s Gabriel Francisco, for example, believes Litecoin will become one of the first cryptocurrencies to actually gain mainstream adoption for shoppers — while also claiming the risk-reward ratio is very high. He noted:

Poised on the brink of greatness, Litecoin is preparing for a breathtaking moon shot. Dubbed ‘the rock’ at times, this clone of Bitcoin has shown incredible market resilience and price inertia. Pegged at 84 million coins, Litecoin is four times faster than Bitcoin and has four times the supply. In other words, Bitcoin is to gold what Litecoin is to silver.

Meanwhile, Litecoin Foundation partner TokenPay Swiss AG announced its partnership with Germany’s WEG Bank, which sees the decentralized and self-verifying payment platform acquire 9.9 percent of the bank. The other 90 percent of the bank will reportedly be purchased pending mandatory regulatory approval.

Regardless of how Litecoin’s future plans pan out, one thing is all but certain — the Bitcoin clone will follow in its big brother’s footsteps, wherever it goes.



EOS may claim to be ‘The Ethereum Killer,’ but it has had quite a volatile 2018 — skyrocketing up to new all-time highs before the launch of its main net and subsequently collapsing back down to perhaps unreasonable lows.

The old saying claims that you should buy when others are fearful. Well, many are afraid of EOS right now. The platform’s launch was troublesome, to say the least, with concerns over centralization causing CTO Dan Larimer to suggest scrapping the project’s constitution and starting from scratch.

Worrisome launch aside, rival smart contract platforms will certainly challenge Ethereum in the future — and EOS is well positioned to be the one leading that charge.



NEO is often referred to as ‘The Ethereum of China,’ but it’s actually much more than that. As noted by eToro analysis, NEO has strong partnerships and support from the Asian cryptocurrency community — and is one of the most promising currencies in the crypto-assets space, with the ambitious goal of becoming the main “smart economy” of the world in the next few years.

With such lofty goals and solid fundamentals behind the project — which is highly regarded by Weiss Ratings — ignoring NEO at these prices may be considered foolish. Additionally, the platform has very little competition in its home country of China.

Cardano (ADA)

Cardano (ADA)

Cardano is a fundamentally sound distributed computing platform that runs the blockchain for the ADA cryptocurrency.

The brainchild of Charles Hoskinson has recently garnered listings on Bithumb and Huobi and has lofty plans to revolutionize the world through its blockchain and digital currency. It stands to reason that Cardano ATMs will start popping up around the world once cryptocurrency garners further adoption.

Unlike other altcoins, the fundamental research underlying the project and attention to detail at the expense of manufactured hype and announcements puts Cardano in a position to succeed — while others offer little more than empty promises.

From a trading perspective, Cardano is also far off its all-time high — and with such strong fundamentals, one might consider this altcoin as a relatively low-risk, high-reward addition to his or her investment portfolio.

Images courtesy of Shutterstock, NAGA

The post 5 Altcoins to Look Out For this Summer appeared first on Bitcoinist.com.

Source: Bitcoininst

FIND OUT Why Bitcoin just surged 10% in less than 24 hours

The bitcoin price has just jumped over the $7,000 mark for the first time in over a month following an incredible week for bitcoin developments.

The price has risen almost 10% in just one hour following a raft of positive news for bitcoin and cryptocurrencies. Elsewhere, other coins ether, ripple, lite coin, and bitcoin cash have all added between 5% and 10% over the last 24 hours, according to CoinMarketCap data.

As a result of the near $600 price jump, bitcoin added some $9 billion to its market cap in a matter of minutes.

Today saw the appointment of David Solomon as the new chief executive of US investment bank Goldman Sachs, who’s currently the firm’s current chief operating officer. Last month Soloman said Goldman is looking in to adding further bitcoin and cryptocurrency services.

He will take over from current Goldman CEO Lloyd Blankfein in October.

Many bitcoin faithful are hoping that as the mainstream financial services industry bets on…

Continue reading at FORBES

Learn Why 1 Of These 5 Cryptos Is About to Explode

Coinbase is one of the easiest exchanges to use for first-time cryptocurrency buyers, and it will soon grow its user base of 13 million even further.

On July 13, Coinbase announced it was “exploring” adding Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).

However, even with these potential additions, we still have one cryptocurrency that needs to be in every portfolio…

Crypto investors are speculating that with Coinbase making these coins easier to buy, the new demand will send their prices up.

And there’s some proof this could happen to the five cryptos mentioned above…

When Litecoin was added to Coinbase on May 3, 2017, it was trading for just $15.88. The next day, it shot up 32.49% to $21.04.

On June 12, Coinbase announced its intention to add Ethereum Classic (ETC) to its crypto options. Just mentioning ETC could be added to the crypto exchange sent the prices up 25.44% from $12.93 to an intra-day high of $16.22.

Because there could be a short-term profit opportunity, we wanted to give our readers the most important details about each coin.

That way you’ll know if it fits into your investing plans.

Then we’ll show you the coin that could bring you a 1,414% return…

The Next Cryptocurrency on Coinbase, No. 5: Cardano

Even before the July 13 Coinbase announcement, we’ve had our eye on Cardano.

Money Morning Cryptocurrency Expert David Zeiler listed ADA as one of the best cryptos to buy in 2018 in February.

It’s designed to serve as a store of value like Bitcoin, offer cheaper peer-to-peer transactions like Litecoin, and have smart-contract capabilities like Ethereum. The Cardano team has designed the crypto to run applications for individuals, organizations, governments, and financial institutions.

The price of Cardano is currently $0.15.

The Next Cryptocurrency on Coinbase, No. 4: Basic Attention Token

Brendan Eich, the co-founder of web browsers Mozilla and Firefox, created the Basic Attention Token as a payment solution within the new Brave Browser.

The goal of Brave is to create a friendlier digital advertising ecosystem.

Web users interact with ads and get paid for their “attention,” publishers are rewarded for publishing quality content through tips in BAT and ad revenue splits, and digital ad agencies receive more useful metrics on how viewers interacted with their ads.

Today, the price of BAT opened at $0.34.

The Next Cryptocurrency on Coinbase, No. 3: Stellar Lumens

Just like Cardano, Stellar Lumens also made Zeiler’s list of best cryptocurrencies to buy in 2018.

Stellar aims to connect people, payment systems, and banks.

International Business Machines Corp. (NYSE: IBM) is currently working with Stellar on a project called Hyperledger Fabric, which builds open-source blockchain tools to support payment infrastructures.

Massive Upgrade: Click here to learn about the opportunity that could deliver a million-dollar payday to investors who act now.

The price of Stellar is currently $0.22.

The Next Cryptocurrency on Coinbase, No. 2: Zcash

Zcash is a privacy-based coin that offers shielded transactions that don’t disclose the sender, recipient, and value of a transaction.

It was a bit surprising to hear Coinbase was “exploring” this coin, as it could bring unwanted attention from regulators.

One of the issues with cryptocurrencies government officials worry about is its potential for money laundering.

Currently, Zcash is trading for $184.60.

The Next Cryptocurrency on Coinbase, No. 1: 0x

The team behind 0x believes that one day, all assets will be tokenized.

From stocks to platinum, you will be able to own that asset in a digital form. The challenge is that digital asset holders will need a trusted exchange to use.

That’s where 0x comes in…

0x aims to create a standard protocol on the Ethereum blockchain that would allow anyone to operate a decentralized exchange.

Users wouldn’t have to wait for a company to establish and clear a transaction.

They could do it all on their own.

Currently, 0x is trading for $1.16.

And while all these coins could see a short-term price bump if they were added to Coinbase, this is still the cryptocurrency you need to buy for massive long-term gains…

The Shocking Reason Why We Think Bitcoin Could Hit $100,000 (and How You Could Make Millions)

Read more

Is THIS the best Cryptocurrency of 2018?

There are many solid contenders vying for the spot of the best cryptocurrency of 2018. IOTA, Stellar, VeChain Thor and Cardano have all made advances and are set to expand further. But Zilliqa is the coin of choice as the best cryptocurrency of 2018, for three primary reasons. These reasons are speed, security, and politics.

Zilliqa is focused on building the fastest and safest network possible. It is a DApp development environment that intends to compete with Ethereum, as well as Tron and EOS.

Speed and scalability

Zilliqa achieved speeds of 2,488 transactions per second in its testnet on six network shards using only 3,600 nodes. It has successfully implemented sharding while the majority of other cryptocurrencies, such as Ethereum, are still only considering it. It ranks among the fastest and most scalable of all cryptocurrencies, which is a pre-requisite to the effective functioning of any blockchain network on a large scale. Zilliqa is said to scale as the network gets bigger, much like IOTA, with theoretically limitless scalability.

Smart contract security

Zilliqa is aiming to create the most secure smart contract protocol possible. Smart contract security is of the utmost importance. Bancor, the world’s largest decentralized exchange, recently lost USD 23.5 Milliondue to a permission back door in a smart contract. The DAO hack, the second biggest failure in blockchain history aside from Mount Gox, occurred due to…

Continue reading at CRYPTO DISRUPT


4 cryptocurrency trends to watch out for

Love it or hate it, cryptocurrencies have now grown to a point where they cannot be ignored. The CBOE and CME have launched their own cryptocurrency futures, the SEC and CTFC have gotten involved, and pretty much every mainstream publication that matters discusses cryptocurrencies one way or the other every day.

In other words, cryptocurrencies are here to stay — at least for the foreseeable future.

What cryptocurrency trends should you watch out for, though. What will drive the cryptocurrency landscape in the foreseeable future? Below are four trends to watch out for:

Continue reading at THE NEXT WEB

According to Wall Street Trader, THIS cryptocurrency is the BEST investment

Bitcoin has had a rough 2018. However, it is still hands down the best cryptocurrency investment — an opinion shared by one prominent Wall Street trader. 

‘The use case for bitcoin is valid today’

While the vast majority of the cryptocurrency market remains speculative at best, Bitcoin remains one of the only cryptocurrencies which people are actually using.

Susquehanna International Group’s head of digital assets, Bart Smith, told CNBC “Fast Money” on Tuesday:

If you want to own the asset that you can actually use today and that people are functionally using, it’s bitcoin. The use case for bitcoin is valid today, which is the currency of the internet.

‘We got way ahead of ourselves’

Indeed, no cryptocurrency or underlying blockchain is as battle-tested and historically proven as Bitcoin — but that doesn’t do much to protect the market leader from its notorious volatility. Many who got involved with Bitcoin for the first time in December have been left reeling from heavy losses. Explained Smith:

People got very excited about bitcoin. They got really excited about all these other tokens and use cases. And all of the sudden you saw all of these smaller tokens, as people got excited about them, massively outperform. We got way ahead of ourselves.

In fact, Smith believes that all of the cryptocurrency market’s promises and technological advancements are still far off — smart contracts and Lightning Network included. He claimed:

If you’re looking at these other use cases, smart contracts, or lightning network or these different technological advancements, I think people are coming to realize, those things are very difficult and aren’t coming anytime soon.

‘No one can stop me’

As of right now, cryptocurrency’s killer use case is that of cross-border value transfer — where Bitcoin has a proven track record of success.

They use Western Union, traditional banks; It is slow and it is expensive. And there are people that can stop you from sending that money, whether that’s good or bad. With bitcoin, I can send money. It’s fast. It’s cheap. And frankly, no one can stop me.

And isn’t that what it’s really all about?

What do you think about Bitcoin as the best investment in the cryptocurrency market? How long until further blockchain developments supplant value transfer as the best use case? Let us know your thoughts in the comments below! 

Images courtesy of Shutterstock, CoinMarketCap.com.

The post Bitcoin Remains the Best Cryptocurrency Investment, According to Wall Street Trader appeared first on Bitcoinist.com.

Source: Bitcoininst

One Bold Ripple (XRP) Price Prediction You Have to See Today

Ripple (XRP) prices reached an all-time high of $3.56 on Jan. 5, 2018, but prices have drastically dropped to $0.47 per coin.

However, one bold XRP price prediction shows prices climbing back to $3…

Marie-Antoinette Tichler of C2Legacy Technologies believes the price of XRP will reach $3 by the end of 2018. That’s a potential profit of 538% from today’s (July 9) price.

She also has a short-term price target of $1 by Aug. 1.

Here is a recap of the top five cryptocurrencies by market cap as of 3:30 p.m. EST:

Cryptocurrency Market Cap Price Change (24h)
Bitcoin (BTC) $116,537,496,924 $6,799.04 +0.01
Ethereum (ETH) $48,447,106,261 $481.64 -2.24%
Ripple (XRP) $18,644,910,485 $0.47 -1.90%
Bitcoin Cash (BCH) $12,823,408,231 $744.32 -2.97%
EOS (EOS) $7,376,331,931 $8.23 -6.06%

Now here’s a closer look at the top cryptocurrency stories of the day…

The Top Cryptocurrency Stories for July 9

  • Bitcoin (BTC) is receiving some love from the researchers at the Imperial College London. Within the next decade, the researchers believe BTC and other major cryptocurrencies will receive mainstream adoption as a way to pay for goods. It might take 10 years, but it’s better late than never.

If You’re Not Making Millions of Dollars with Cryptocurrencies… you could be. Click here to discover the coin that will soon be BIGGER THAN BITCOIN… and how to claim YOUR cryptocurrency fortune while you still can.

  • Just like the rest of us, billionaires are fascinated with cryptocurrencies. According to a CCN report, Google co-founder Sergey Brin is mining Ethereum with his son. Even though Google bans cryptocurrency related ads, maybe this is a sign the search engine giant will reconsider its policies.
  • Finally, we hear a lot about cryptocurrency bans in Asia. However, a report from UsetheBitcoin.com today revealed South Korean banks are holding on to over $2 billion in cryptocurrencies.

Finding the Next Crypto 10-Bagger Read more

4 Things Crypto Investors Should Never Lose Sleep Over

There’s more than one way to invest in cryptocurrencies, but only long-term investing can spare you the day-to-day anxiety that comes with short-term events and price trends. We review four ways that twitches in the cryptocurrency market can cause investors grief and how long-term investing strategies avoid these pains.

As of today, there are more than 1,600 cryptocurrencies and several ways to invest in them:

  • Day trading. This strategy involves holding cryptocurrency assets briefly. The goal: Use the buy-low-sell-high methodology to make a small, but quick profits by buying and selling at opportune moments. Few day traders (only 2 percent) do it well enough to make a consistent profit. Given the wild swings of the cryptocurrency market, the chance for new investors to be successful fades rapidly.
  • Swing trading. Swing traders try to catch big swings in the market. Sometimes these traders hold onto their coins for months before they can exit and make a profit. But as any active stock trader will tell you, success in timing the market is elusive. As a result, few swing traders are consistently successful, either.
  • Long-term investing. Long-term cryptocurrency investors aren’t traders at all. They belong to the buy-and-hold school of thought. These investors choose their coins carefully and are more likely to invest in one or more blue-chip coins, like Bitcoin, Ethereum or Ripple. These coins have a large chunk of the total crypto market, a dedicated following and provide a useful, real-life service such as a payment system/currency/privacy assurance.

Each trading method has its own level of risk, reward, and stress. Those who would like to limit the stress involved should consider long-term trading. Investors who choose their currencies carefully and keep their cool can ride with any ups or downs — and are less likely to make beginner mistakes.

Remember Why You Invested in Cryptocurrencies

Are wild swings in the cryptocurrency markets making you nervous? If so, it might help to remember why you invested in cryptocurrencies (or are considering doing so) in the first place:

  • Growth potential. Yes, this is the big reason that most folks invest in cryptocurrencies. And yes, the nerve-wracking swings in value earlier this year reduced some of the huge price increase of 2017. But, when the dust settled, as of May 2018, year-to-year BTC values increased three-fold.
  • Anonymity. Many investors value the privacy of cryptocurrency transactions and therefore buy specific coins such as Monero, which are known for their privacy-promoting technology.
  • Freedom from third-party control. Cryptocurrency investors also like transactions free of third parties or centralized control. As time passes, more and more uses are being developed for these capabilities. And as uses grow, so should adoption rates.
  • Flexible investment options. One of the best ways to reap the long-term benefits of digital currencies is to hold them inside a Digital Currency IRA (also known as a Bitcoin IRA). This unique, Self-Directed IRA enables you to use your retirement funds to purchase cryptocurrencies on a tax-deferred basis and mix them with conventional retirement assets.

In addition to these general benefits, choosing a long-term investment approach often keeps your trading fees low and reduces the risk of missing profitable swings in the market.

Don’t Let Current Events Give You the Jitters

Cryptocurrency investors have a variety of strategies to choose from. However, one thing is clear: Investors who have confidence in the long-term potential of cryptocurrency and stay the course with their investments do not need to subject themselves to the stress, risks, and mistakes that come with cryptocurrency technologies and markets.

Here are four things that should never keep long-term cryptocurrency investors up at night:

1. Price Fluctuations

You’ve probably heard about Bitcoin’s value soaring roughly twenty-fold during 2017 — and then dropping by 65 percent in early 2018. Since then, prices have fluctuated, with values climbing and falling in four or five-week cycles.

In spite of the shock, the market hasn’t given up on BTC. In fact, a BTC futures market has launched. And since the end of May 2018, analysts have engaged in an argument as to whether BTC values have bottomed out.

The long-term view: How much you have benefitted from cryptocurrency price fluctuations depends on the coin you chose and when you entered the market. For example, if you bought one Bitcoin in May 2017, you paid about $2,517. One year later, the price was $7,460 – a three-fold increase! Or go even further back in time. If you had the foresight to purchase Bitcoin at the start of 2015 at $313 and held it all the way to today, you would have an astronomical increase of more than twenty times.

Simply put, for the long-term investor who has faith in cryptocurrency as the future of finance, they should not be concerned with any short-term price fluctuation.

2. Additional Regulation

The value of cryptocurrencies remain heavily tied to speculation and optimism in mostly unregulated markets. Early adopters have grown used to making profits without interference from third parties like the government. This creates a highly sensitive environment, in which policy changes can have severe effects on short-term prices.

News or mere speculation of upcoming regulation leads to wild swings in value, as investors rush to sell off or purchase coins. Bitcoin, for example, lost nearly half of its value as the Coinbase exchange launched an internal investigation into insider trading on their platform.

Blockchain technology and specific cryptocurrencies are designed to span national borders. The G20 recognized this reality in a 2018 report about ICO and cryptocurrency regulation. Unlike an earlier G20 response of wait and see, the international group now looks at specific problems and solutions.

The long-term view: Identifying cryptocurrency problems and regulatory solutions will take time. But, while cryptocurrency prices may dip and rise as these details are ironed out, long-term investors need not worry. In fact, some may actually embrace increased levels of regulation. Those individuals believe that the long-term effects of more government oversight – in the form of a more safe, secure and stable market – will produce even stronger returns in the long-term.

3. Hacks into Exchanges and Wallets

As cryptocurrency prices and adoption rates have risen, so has related cybercrime. Hackers are smart, sophisticated and determined — and now, they are focusing on mainstream crypto investors.

A very recent example of a cryptocurrency hack is the entry into Japanese cryptocurrency exchange, Coincheck, in January 2018. That’s when 500 million units of NEM (worth $524 million) were stolen from customers’ wallets.

The long-term view: To be the victim of a hack on an exchange, your cryptocurrency must be stored on that exchange. Fortunately, for just about any long-term investor, this will almost certainly not be the case. That’s because most of these investors place their cryptocurrencies into cold storage, and therefore out of the prying hands of any would-be hackers. From this position, they can sleep easy, knowing that their currencies are impervious to this threat.

4. The Spread of Fear, Uncertainty, and Doubt (FUD)

There seems to be no end to the events that influence cryptocurrency values. In March 2018, the BTC market lost 13 percent of its value in just one week.

The cause? Google joined Facebook in banning all crypto-related advertisements on their platforms. The companies claimed a concern for consumer protection against ICO fraud and other crypto crime. Some investors freaked out. But, long-term BTC values continued their recent cycles of ups and downs.

FUD is an important concept to understand because social and mass media are everywhere, and it can have a greater effect on prices than the truth. FUD comes in two flavors:

  1. False information meant for online distribution. These are the rumors, falsehoods, and lies that trolls deliberately create or redistribute online. Their goal: Change investor perceptions and cause panic, with the goal of influencing prices for their own gain.
  2. Negative or false information sent through mainstream channels. Business experts or financial professionals often report misinformation or give negative opinions about investing in coins. They might lack knowledge about cryptocurrencies or have an interest in keeping the financial landscape as it is.

In either case, the spread of such info is oftentimes enough to give a short-term jolt to cryptocurrency markets.

The long-term view: Simply put, FUD should be a non-factor for the long-term investor. Whatever short-term damage is created by FUD is usually reversed. Whether that reversal takes days, weeks or months to occur, the long-term investor has the benefit of time and the confidence that the virtues of their coins can overcome temporary price changes and retain long-term value.

Confidence is the Key

There are many ways to invest in cryptocurrencies. But only “HODL” shields you from the day-to-day, white-knuckle experience of investing in digital assets. Knowing that even drastic swings in prices are part of the drill — you’re dealing with new technologies and markets, remember — should give you the long-term confidence you need to survive the bumps along the way.

The key is to have confidence in the long-term value of cryptocurrencies as potent technologies and financial assets. You can sleep well as an investor, but you must do your homework and keep a wary eye on long-term trends to keep that confidence strong.

Featured Image via BigStock.

Source: Crypto News

5 Newbie Crypto Trading Mistakes You Should Avoid

When the dotcom crash was in full fury an old broker said to me, “Well that’s it for the market for a generation. The private investors won’t be back until the next lot grow up and get money. This generation has been burnt and they won’t be back.”

Roughly a generation has passed. If you were nine years old in 2001 you’d now be 28 and perhaps with the wherewithal to start to itch to play the markets.

The broker was only half right, though. The next generation of investors are here, but they are not so interested in stocks–they are fascinated by crypto.

Some of the so-called Millennials will head for the stock market but the new legions are on the more than 500 crypto exchanges and learning the markets the hard way. My guess is that some are incredibly young and many are minors but one thing most have in common is a lack of experience that is palpable.

There are classic trading and investing mistakes and you can…

Continue reading at FORBES.com


3 Bullish Signs Return For Bitcoin

After testing the 6,000 mark for a couple of weeks, Bitcoin is back big time. The “people’s currency” gained close to 11% over the last seven days, heading to the $7,000 mark.

Is this comeback sustainable?

Hard to say. There are barely any “fundamentals” to determine whether Bitcoin is undervalued or overvalued at these levels.

Still, there are a couple of bullish signs for the digital currency worth noticing.

Table 1

7d Price Change For Major Cryptocurrencies

Cryptocurrency %7d
Bitcoin 10.56
Ethereum 10.36
Ripple 8.12

Source: Coinmarketcap.com 7/4/18 at 10:30 a.m.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]

One of them is that the Bitcoin rally has spread to the entire cryptocurrency chain. Only five cryptocurrencies out of the top 100 dropped in the last seven days, while 95 advanced—see table 2…

Continue reading at FORBES.com