Recap

Last week was a wild one with huge market recoveries that we haven’t seen since the Summer. Multiple coins made a run over this week and we’ll be talking about the success behind some of those this week.

Last week we paid close attention to the NEO news which we believed to be neonexchange.org - we were right about that - and though no government collaboration is confirmed, we can see that OnChain, through the use of Ontology are trying to build a system that can be integrated state wide.

How can we deduce that? China proposed to set up a “Social Credit System” in 2015. This is a “reputation system” that gives each of its citizens a “score” - big brother meets big data. The concept is quite scary and eerily reminiscent of 1984 but it’s proposed and very much something China wish to achieve.

So how does a distributed trust network on the blockchain help? “Ontology Network is ablockchain/distributed ledger network which combines distributed identity verification, data exchange, data collaboration”

You may remember this image from our last article, but I’ve cropped it to help add context:

Please note the very top of that diagram says people, wealth & things. This is at the very top.

We spoke with a senior in digital disruption at Deloitte and when we spoke about Blockchain & China this is one of the first things he mentioned: the social credit system and how blockchain will allow China to implement it.

Ontology just designed the tools, whether the authorities use them or not, we know they have wanted to since 2015.

Our speculations about Loopring were correct but went beyond that the following day where Loopring announced the following list of ERC20 tokens that the Loopring Beta will be compatible with. They have also said that this will “happen soon”. Realistically this will happen somewhere next month, when Loopring is added to more exchanges.

We’re super excited to see the Loopring BETA and believe this protocol will change the way that we trade, and people will begin to understand the differences between protocols like 0x & LRC and how the ecosystem has place for all of them.

Now is a great time to stock up on LRC as the BETA comes close and it finds a new floor around 2100 mark, as going into the new year we are confident we will never see these prices again.

Ethereum also shows more signs of potential growth. Breaking over $400 this week. With so many Bitcoin forks and slow transaction and transfer times, Ethereum seems more attractive for the buying and selling of altcoins. An efficient way of transferring between exchanges is also to buy Ethereum with your BTC and send that instead.

We expect the rise of ETH to continue, as the Ethereum ecosystem actually processes the most transactions. As seen in the graph here, over 50% - and it currently only has 14% of the market cap. We’re estimating a conservative $800 per ETH for next year, and it’s a good way to hedge your investment with high risk BTC forks and politics.

TOP PICK

https://WeTrust.io - TRST coin - (Not to be confused with TRUST!)

One of the problems with entering the cryptocurrency space at the moment is struggling to understand what exactly the product on offer is and what problem it solves. Therefore, make your product easy to understand and you encourage traditional investors to enter the space. WeTrust are building a decentralized “Trust Network” on the Ethereum blockchain for financial products.

“WeTrust is a collaborative savings, lending and insurance platform that is autonomous, agnostic, frictionless, and decentralized.”
 

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Rating
Technology: 8
Team: 8
Research & Development: 8
Scalability: 9
Whitepaper: 9
Website: 8
Community: 7

Overall: 8.5 - Community here is good but will massively improve when first product goes live.
 

Other Hot Picks

Quantstamp: QSP Coin

What is it and why did it moon?

We would’ve had QSP as our pick of the week but given it’s insane volume, price increase and likely imminent correction, we thought we’d give it a feature but not our pick of the week.

Quantstamp had one of the most successful post ICO launches in history and was up over 230% since listing on Binance with clear signs of more growth in the short and mid-term.
 

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https://www.skycoin.net/ - SKY

Skycoin is an open source, Third Generation cryptocurrency that aims to implement Satoshi Nakamoto’s original vision for Bitcoin. As we have come to recognise, there has been a lot of controversy over how bitcoin has changed over the years, and whether or not the community is following Satoshi’s original idea of true network decentralization. 
 

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Rating:
Technology: 8
Team: 6
Research & Development: 8
Scalability: 8
Security: 9
Whitepaper: 8
Wallet: 7
Website: 7
Community: 5

Overall:  7.3

ICO Watch

INS Ecosystem ICO - INS

What is the project about
INS is implementing a decentralized ecosystem enabling consumers to save up to ​30% ​on ​everyday ​shopping ​buying ​directly ​from ​grocery ​manufacturers. Bypassing retailers and wholesalers means a more personalized and transparent grocery shopping experience at lower prices.
 

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Rating:
Hype: 8
Team: 8
Research & Development: 8
Scalability: 8
Whitepaper: 8
Website: 7
Token Metrics: 8
Community: 8

Overall:  8

Whitelist Watch:

 Gonetwork.co

We would suggest whitelisting for gonetwork.io as it has a monster product on the way, and it’s community of of 8000 in telegram is reminiscent of Quantstamp at this stage in it’s lifecycle.
 

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Good luck Gonetwork! We’ll be right behind you.

That’s all for this week - as always, thanks for reading and giving us the opportunity to grow. Your subscriptions help to keep us working hard as the space develops, doing the digging so you don’t have too!

Although we always recommend you do your own research of course.

Please join us on Telegram, and help our community grow!

If you have suggestions on high potential investments; leave them there! Remember we get a lot though, so we can maybe do some in house research in Telegram for your coin.