Meet the 4 Coins you need to watch for in August
As the bear market continues to take hold, many investors are wondering what their next move should be; should you hold your investment and keep an eye out for the next bull run, or should you cut the losses and perhaps find better luck elsewhere.
What’s clear is that we seem to be in a consolidation period with BTC prices hovering between $5,800 and $6,800 for the past month. With no announcements big enough to spark an upward trend, the market will likely continue to engage in a fierce tug of war between the optimists and short sellers.
In the meantime, this is a great opportunity to invest in a handful of coins that are not only undervalued but are showing great development progress and are a couple of times cheaper than their December/ January all-time highs.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
AION
Current price: $0.89 (July 26th , 2018), All time high price: $11.10 on January 9th, 2018
AION is a multilayered blockchain system that is designed to resolve the issues of privacy, scalability, and interoperability.
Recent developments: This year, AION successfully launched their mainnet ‘Kilimanjaro’, which was a milestone they set out to achieve for 2018 on their roadmap. They also achieved smaller milestones that were part of the Mainnet launch, including developing their Virtual Machine, Aion Inter-chain, their proof of work algorithm, Aion Core and Aion API’s.
Aion is also part of the Enterprise Ethereum Alliance, which recently partnered with eBay and Foxconn. Aion plans to expand into Korea, Japan, and China.
ICON (ICX)
Current price: $1.32, All time high price: $12.11 on January 9th, 2018
ICON is building a decentralized network that allows independent Blockchains with different governances to transact with one another without intermediaries.
Recent developments: Although the company has missed a lot of its roadmap deadlines, there is still strong evidence of development and business progress being made. The Blockchain already has more than 12 Dapps launched in their Mainnet ecosystem. ICON is also currently one of the most partnered Blockchains in the industry. Some of the industries ICON is partnered with include; Gaming, Biometrics, Education Healthcare, Insurance, and Banking.
One company in particular that ICON has partnered with is Line, the giant messaging app that hopes to launch a crypto exchange in the coming month.
ENIGMA (ENG)
Current price: $1.62, All time high price: $8.06 on January 10th, 2018
Enigma is an off-chain network that compliments blockchain networks by providing a secondary layer for data storage and computation.
Recent developments:
The blockchain launched their Testnet in June, and have announced a roadmap for the next 5 years. They have also just announced a massive partnership with Intel and have hired many new developers, and have set-up a new developer forum.
Lastly, Enigma has just begun expanding into the Korean market.
WAX
Current price: $0.14, All time high price: $2.73 on January 10th, 2018
WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure or payment processing. They’re disrupting the Gaming industry (particularly Gaming skin trading; which is the ability to trade suits, weapons, health packs, and other items that video game characters utilize. This market alone is a $50billion industry).
Recent developments: The platform has made several new announcements over the past few months, and shows promise to make one of the largest comebacks of all the coins during the next Bull Run. In April, WAX selected EOS as their blockchain of choice to build their decentralized marketplace. They’re also partnered with several major blockchain companies like Jaxx, Kyber Network, Nexo, and Bancor.
Most recently, WAX has begun partnering with games like CryptoSpaceX, and Crypto Wars.
Overall, there are plenty of undervalued companies that are likely to regain significant momentum once the markets start to turn more bullish.
However, I believe these four projects in particular, are worth investigating further, as they’ve demonstrated the ability to persevere and show progress even as prices have fallen significantly. If high-value partnerships and main-net launches are what they produce when the crypto market is at its worst, then I can’t wait to see what these companies will bring to the industry once it’s at its best.
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