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    Home Unlabelled Crypto Currency Markets Weekly Discussion Megathread - 24/Feb/2020

    Crypto Currency Markets Weekly Discussion Megathread - 24/Feb/2020

    February 24, 2020

    Crypto Currency Markets Weekly Discussion Megathread - 24/Feb/2020

    Weekly Discussion Megathread - 24/Feb/2020

    Posted: 24 Feb 2020 09:09 AM PST

    Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows:

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    Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming - CoinDesk

    Posted: 24 Feb 2020 07:56 AM PST

    Five undervalued crypto coins

    Posted: 24 Feb 2020 08:35 AM PST

    Bitcoin is looking both technically and fundamentally strong after its six-month correction, as the Halvening approaches. The last leg up in 2019 saw altcoins brutally sold off as traders positioned for BTC's parabolic move. This time, the alts are showing some signs of rising with the tide. With prices still near the bottom after a brutal crypto winter, we look at five altcoin projects we view as interesting – and potentially significantly undervalued.

    1) Waves

    Waves Platform launched with great fanfare back in 2016 after raising 30,000 BTC. Since then the team have diligently – but relatively quietly – worked away on a host of DeFi features. Waves is now an extensive and powerful ecosystem that includes user-friendly mobile and desktop wallets; easy token creation; a decentralised exchange that combines speed, security and privacy; safe and accessible smart contracts; an algorithmically-backed stablecoin, Neutrino; and many other products and services. It contains everything needed to launch scalable dApps, and the LPoS network and community-run monetary policy provide a great way to earn on your holdings. With its core tech in place, Waves is now looking to expand globally. Neutrino dollars (USDN) are very promising: there is huge demand for stablecoins (Total Value Locked for the Maker Protocol alone is $600 million), and TVL for Neutrino is almost $4 million after just a few weeks of operation. It's growing fast, and the more WAVES are locked to generate USDN, the more net demand there will be on the market. Add to that the fact that Waves' corporate arm, Waves Enterprise, has already established some impressive industry partnerships – if the same success follows for the open Waves platform, it's going to start looking very underpriced.

    2) Ergo

    In terms of fundamentals, it's hard to find a coin stronger than Ergo. Ergo has taken a different approach to smart contracts and DeFi, using Sigma protocols to enable use cases that are either impossible or risky on other platforms. Sigma protocols allow for very flexible and elegant coding of functionality, enabling developers to implement dApps that would be very expensive or horribly messy on Ethereum. Think of it like this: it's possible to build a rudimentary jet engine with junk from your garage. But it wouldn't be efficient or safe, because you don't have the right tools or materials. With Ergo, you do. Ergo's team have been involved with several other crypto platforms, and have drawn on this experience to create something unique. The issue – and the opportunity – is that they've focused on development and not marketing. It's not easy to mine and beginners will be better off with the lite wallets rather than running a full node. This is now changing. The first mining pools are coming, and at a $5 million market cap, Ergo could easily outperform many other alts in the short-to-medium term.

    3) MakerDAO

    With a half-billion-dollar market cap, this is by far the largest project on the list. But it's an excellent one, and given the interest in DeFi – in which Maker is a leader – it's likely undervalued. Maker's strength comes from several sources. A very solid economic model, a highly professional development and marketing team, and full decentralisation. MakerDAO, for those who don't know, is the protocol that underpins the Dai stablecoin, which is backed by crypto collateral and smart contract-enforced algorithms. There are no middlemen at all. Best of all, every time users issue Dai against ETH and other collateral, they start accruing fees – some of which is used to buy and burn MKR. $600 billion is currently locked in Maker Vaults and DeFi is growing fast, so you can see where this is going.

    4) Beam

    Along with Grin, Beam is one of two very exciting projects based on Mimblewimble – an impressive new privacy protocol that offers significant advantages over existing approaches. While coins like Dash and Monero seek to obscure the flow of money on the blockchain, Mimblewimble enables users to avoid putting critical information on the blockchain in the first place. That makes it both more private and scalable. Of the two, we've chosen Beam because it has a well-funded development team and limited coin supply – plus it's just passed its first halving, so there's a good chance the reduced block rewards will have an effect on price in the coming months. At $40 million market cap, it has a long way to go.

    5) Sentinel

    Sentinel is another micro-cap ($3 million) and another privacy project, but this one's a dVPN – decentralised Virtual Private Network provider. Sentinel Network is a decentralised VPN that cryptographically guarantees the safety of your personal information, maintained by a collection of nodes around the world. It's built on Tendermint, which is a solid technical choice. We're interested because it's tiny, but there are a lot of people who use VPNs. A lot. And after a spate of VPN hacks (including NordVPN), a large proportion of those users must be wondering how safe their 'private' data really is when surfing the web…

    These are just five of the many, many interesting and attractive altcoin projects out there – we couldn't include all the ones we'd want in our portfolio. Are you involved with any of these five? Are there others you think should be on the list? Retweet and let us know why!
    #uncutgems

    submitted by /u/eleanorcwhite
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    TRANSFORMING WASTE TYRES INTO RENEWABLE GREEN ENERGY

    Posted: 24 Feb 2020 02:10 AM PST

    Gold Price Surges Amid Coronavirus Panic – Will Bitcoin Follow Gold?

    Posted: 24 Feb 2020 02:35 AM PST

    Podcast interview with Mance Harmon, CEO of Hedera Hashgraph: How Businesses Use Blockchain

    Posted: 24 Feb 2020 02:31 PM PST

    Web 3.0 Initiatives Are Driving Crypto Adoption Worldwide

    Posted: 24 Feb 2020 11:30 PM PST

    Another Bitcoin ETF to have its Future Decided

    Posted: 24 Feb 2020 07:38 AM PST

    An interview with Paul Rosenberg!

    Posted: 24 Feb 2020 08:49 PM PST

    Did Bitcoin get better? Roger Ver now claims BTC transactions are “unfairly” cheap

    Posted: 24 Feb 2020 04:47 PM PST

    WARREN BUFFETT VS BITCOIN - Crypto Bank Avanti Wyoming - US Government Meeting To Talk Crypto

    Posted: 24 Feb 2020 04:02 PM PST

    G20 on Tax, 'Global Stablecoins' and Crypto Market Oversight + More News

    Posted: 24 Feb 2020 07:44 PM PST

    Kyber Network (KNC) is now listed on Coinbase Pro

    Posted: 24 Feb 2020 12:01 PM PST

    Litecoin’s Mid-Term Outlook “Insanely Bullish” Despite Today’s Bloodbath

    Posted: 24 Feb 2020 05:02 PM PST

    How To Create Your Own Blockchain

    Posted: 24 Feb 2020 04:14 PM PST

    AVA Labs is the only platform that is decentralized and can operate permissioned subnetworks and assets on a public network. In fact, AVA offers a higher transaction speed than Visa and more than enough scalability for any project.

    AVA Labs was founded by the legendary computer scientist, Emin Gün Sirer. Emin is known for his contributions to peer-to-peer systems. AVA Labs is a blockchain-based platform and ecosystem trying to expand the use cases of blockchain technology beyond just currencies.

    One of the first use-cases of AVA is the creation of personalized blockchains. Anyone can launch a chain with AVA and can pick between using an existing network or create a brand new one. Users will have a wide variety of options to customize their chain.

    Another real use-case is the tokenization of real assets. This process typically involves issuing a blockchain token (security token) that represents a real and tradable asset that can be almost anything.

    submitted by /u/rivoke
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    Crypto Listing and Delisting Announcements: Week 8

    Posted: 24 Feb 2020 03:12 PM PST

    Indian Supreme Court to Rule on Central Bank’s Crypto Banking Ban

    Posted: 24 Feb 2020 06:13 AM PST

    Simpsons appearance for crypto reveals Satoshi twist

    Posted: 24 Feb 2020 08:54 AM PST

    Crypto Market Analysis and Overview: Week Ending February 21 2020

    Posted: 24 Feb 2020 06:12 AM PST

    Exchange aggregator Swapzone added Godex

    Posted: 24 Feb 2020 01:30 PM PST

    Turkey Taking the Centre Stage in the World of Blockchain in 2020

    Posted: 24 Feb 2020 02:50 AM PST

    US Court Extends Gram Token Distribution Ban

    Posted: 24 Feb 2020 09:03 AM PST

    Just In: New Jersey Introduces Bill to Regulate Cryptocurrency at State Level

    Posted: 24 Feb 2020 03:35 AM PST

    6 best ways to earn passive income from crypto 2020 infographics

    Posted: 24 Feb 2020 12:25 AM PST

    Crypto Market Sentiment Drops, Only Bitcoin & ADA Positive

    Posted: 24 Feb 2020 10:44 AM PST
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