The market has finally turned bullish and there seem to be many diamonds in the rough left for finding. There are many major conferences coming up which is a very positive sign heading into summer. This week has a few specific cryptocurrencies which can yield significant returns in the near future. These cryptocurrencies include ZCL, ARY, and HIRE.
State of the Market
The price of BTC is still down over 50 percent since the highs of mid-December. This drop in the price of Bitcoin is less than the correction felt by the majority of cryptocurrencies. This huge drop in value has left many 2017 quarter four investors feeling as if they ‘missed the train.’
However, with market sentiment having just shifted and BTC having climbed over 25% the prior week the tides seem to be turning.
As BTC increases in value, as a rule, so do the majority of altcoins soon thereafter. Crypto traders and constantly looking for the “next best thing” and by analyzing prior events and the future calendar one can occasionally spot truly opportune moments for accumulating specific coins.
With so many coins still down over fifty percent from their all-time highs, the market is ripe for shopping. Finding the coins that will beat the average market returns should be the goal of any investor. This week has many cryptocurrencies that present very low entry points with possible yields of hundreds of percentage points.
There are three coins this week that seem to show significant promise heading into the market rebound. These cryptocurrencies are: ZCL, ARY, and HIRE.
[You can check out last week’s picks here.]
ZCL (ZClassic) – A Great Forking Coin
Yes, ZCL is a cryptocurrency that has fallen more than 95 percent since its all-time high. However, the reasoning why is even more interesting. ZCL is a coin that has been used to “fork” off of. The most recent price collapse of ZCL was due to BTCP forking off of it. ZCL had a run from under $5 in December to over $220 by the day of their fork in February. The team did manage to eventually pull off the fork, after a delay or two.
The value increase associated with ZCL coincided directly with the market trying to predict what the forked coin would eventually be worth. The price of BTCP is currently valued at over $36. An important rule in crypto is that utility increases value. When ZCL is a part of a project which involves a fork the value of ZCL increases dramatically.
Many Twitter personalities in the last few weeks have been hinting at a team taking over another major ZCL project. Speculatively speaking if any projects get finalized and greenlit during this bull run, expect ZCL to increase rapidly in value.
Having fallen more than 95 percent ZCL seems like a simple option to maintain as a part of one’s portfolio given its ability to be sent anonymously while providing the major upside associated with the strong likelihood of a team undertaking another fork of it. This is a privacy coin with the upside in the 100s to 1000s of a percent depending on the team behind a possible fork.
ZCL is currently priced at $6.22, with a market cap of 23.5 million. The numbers during the peak of the fork period were a market cap of over $600 million and a ZCL price of over $220. Forks greatly improve underlying technologies while creating new crypto communities, look for a team (or 2) in the near future to undertake a new forking endeavor of ZCL. Once this potential fork is announced the price of ZCL will appreciate almost immediately to the price point of past forks. ZCL is at a great place to accumulate prior to any forking announcement.
ARY (block array) –API ChainProof and Dapp Beta/Audit
While ZCL is more of a speculative play given its major correction and the likelihood of another team undertaking forking it, ARY is differentiated because it has major technological updates on the horizon. April 25, 2018, ARY implements their API/SDK for ChainProof Data Verification and Anchoring.
This major update to their platform brings them one step closer to being an important player in the shipping industry with their network supported by the blockchain. ARY does not disappoint this week with a second major update occurring only two days later.
On April 27, 2018, ARY has their second important milestone for the week. Their Dapp Beta/Audit takes place. Their escrow Beta is ensuring the Ethereum transfers work flawlessly while also performing a Dapp Beta/Audit. ARY is reaching their milestones even after their ICO concluded in the middle of the prior market correction.
With the ARY team clearly focused and not worried about market fluctuations look for their updated platforms to continue to increase the utility of the ARY. Once the ARY becomes fully utilized to value will truly soar. However, it is very important to see ARY continue to reach each important milestone in their roadmap as crypto is often inundated with delays.
ARY is currently trading at $0.18 with a market cap of over $12 million. This is over 50 percent lower than the $0.43 it was trading on January 31, 2018. As ARY successfully reaches milestones expect their price to continue to trend North as it has been doing since March 18. With a great team, a niche market they are focused on, and a platform regularly being updated and built it looks like this ICO seems to have survived the correction and can possibly have significant market adoption.
HIRE (Vegas Presentation)
Being a cryptocurrency founder seems to be a difficult task given the inability to truly reach the mainstream companies. HIRE is an ICO that recently concluded which specializes in the recruitment industry and the freelance workplace. They are working diligently to partner with Recruiter.com, Monster.com, and other major job sites. To complete a task of this magnitude HIRE must put themselves out there and be present at the main recruiting conferences worldwide.
This past week Las Vegas held a convention where tickets surpassed $1200 a piece hosting the top recruiting companies. Executives from Monster.com, Jobs.com, Recruiter.com and many more were all present to watch the presentations. Which crypto was the ‘little engine that could’? HIRE. Before market adoption takes place a platform and relationships need to be established with major partners.
This week HIRE established relationships with the top recruiting platforms through being able to present to the executives at this major Vegas conference. The beginning of a bull run coupled with exposure to top executives of recruitment firms may be the catalyst HIRE needs to take off. HIRE is a coin that has true moon potential as any announcement regarding a major partnership with a recruitment agency will drive the price of HIRE…well, higher.
HIRE is currently trading at $0.05 per coin with a market cap of $1.6 million. This is one of those coins that is a buy and hold until the ‘news’ really boosts it. If HIRE is able to secure a major deal or partnership from their conference expect to see HIRE trading at multiple hundreds of percentage points higher (or HIRE) than where it is currently priced.
The Time to Accumulate Is Now
It is always essential to do your own research (“DYOR”) but currently, the signs are all signaling a bull run is on the horizon if it has not already begun. OTC pressure is exceptionally high on the buy side with orders stacking up in the hundreds of millions without sellers wanting to unload.
This means that money is trying to enter the market at a pace not being displayed by the current price of crypto assets. Once billions of dollars enter the marketplace, the individuals that placed it in will likely make their presence felt and the next bull run begins.
Finding the needle in a haystack out of the multitude of cryptocurrencies on the market is the hard part. It is easy buying BTC and hoping it appreciates. Finding a coin to beat BTC’s returns in a bull market is even harder.
The likely candidates for this week and the beginning of the bull run include ZCL, HIRE, and ARY.
To read the King’s prior articles, to find out which ICOs he currently recommends, or to get in contact directly with the King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports).
What altcoins are you bullish on this week? Let us know in the comments below!
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The post 3 Cryptocurrencies Likely to Beat Bitcoin for the Week of April 23 appeared first on Bitcoinist.com.
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April 21, 2018 at 01:14PM
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