Yes, the market has surged recently, but sentiment has since proved resilient once again in the face of a recent Binance hack, a rogue sell order, plus another ETF delay.
This highlights how Bitcoin #BTC represents a strong buy according to Ade’s Crypto Press.
In terms of adoption and interest, it’s still very early days, where the majority of people have never even sent crypto. Since 2018, infrastructure has been continually improved and integrated in the form of wallets, indexes, custodianship etc.
Any sign of major players making moves in its direction increases the likelihood of more people trying crypto, or becoming more educated about the best one: Bitcoin.
The issue of volatility still exists. However, the reasons NOT to sell (and cause dramatic drops) are fading due to the state of crypto nearing another tipping point in its evolution. The halving will make Bitcoin more scarce and more attractive as a store of value. Its recent rise also makes it more attractive for buying altcoins at low prices. There are more options and an increased sense of security for earning interest and storing BTC long-term or as a hedge against global uncertainty.
And we still have some major developments coming in the form of new interest getting ignited by Facebook announcements, Telegram TON announcements, new trading desk launches and continued infrastructure and features. All of this in spite of (still) less clear regulatory conditions. It only takes a few catalysts to raise the sentiment further, with the result of bringing the market further away from the doubts of traders.
However, it’s not likely that sharp dips in price will go away until we have more usage and adoption, or we see bigger integrations bringing value to simply holding in an app, or debit card (from Coinbase etc…) that automatically swaps into fiat when buying coffee or whatever.
$10k is looking more likely this year. But if you’re in this for the long haul, you should buy as much as you possibly can.
Current price May 2019 = $7955
I’ve only recently discovered EOS Authority (a founding Block Producer) website. What a great site! It allows you to input your EOS name and view a ton of very useful information and features to help administer your account (Scatter log-in). Not only this, but you can create safety email alerts, in case any unusual activity is detected.
Unlike with Bitcoin, for dapp platforms I believe some centralisation is important for transactions to be reversed in the event of account issues. This is possible with EOS.
There are still governance issues of concern with EOS, but there are solutions being proposed all the time, with high hopes that the EOS can be the first real dPoS chain to prove that it can run itself without attacks or collusion crippling its development or security.
What’s exciting for the future of EOS is the upcoming EOS event in June, so keep your browser radars set to this site.
Buy and Hodl this year.
Current price May 2019 is $6.18
STACKS token: Early Opportunity
I’ve covered Blockstack in previous posts, and it remains one of the most accessible ways to get stuck right in with decentralised tech and dapps.
If you lost your phone, if Google went down, if all you had was internet access, then you could bring up the Blockstack browser and get access to a load of dapps plus integrated ID+Bitcoin wallet. Storage is free for now but people can connect their own.
It’s slightly different to full blockchain platforms like Ethereum and Eos (where all transactions processed on-chain) but it’s still the way forward and their solution is interoperable.
Recently, they announced a token launch. Now…this is interesting.
Ade’s Crypto Press is bullish on STX. I’d expect the value of this token to see significant interest after launch since there are many good dapps/products already working.
BNB and LINK
These remain good long-term buys, in spite of their recent price increase.
They both bring value to the blockchain space, but I’m not covering these in this post.
Ade’s Crypto Press expects the price to see gradual long-term growth.
Current price BNB May 2019 = $28.50 (institutions just love this coin, but you should take care with it)
Current price LINK May 2019 = $1.15
Got any other immediate buys for May 2019? Leave a coin symbol on my Telegram.
This post to be updated in June with new prices.
Disclaimer: Not financial advice. Just personal opinion. Research, and keep calm.