This week’s cryptocurrencies market analysis will concentrate on technological advancements in the blockchain space in quarter 4. The analysis will focus on major technological upgrades occurring in quarter four along with Ambrosus (AMB) being a top contender to produce returns well in excess of 100% in the immediate short term.
3 Cryptocurrencies We Predicted Would Rally
Last Week’s Piece, which highlighted the cryptocurrency GOChain 00, resulted in GO increasing more than 50% in value in the 48 hours that followed. This is similar to TRIG, VIBE, and EVX, which all had rallies in excess of 50-250% following analyzing their short-term developments.
It may be a ‘bear’ market but clearly, but it is showing bullish signs and AMB is likely to be next.
Each cryptocurrency on this list has its own specific reasons from unique conferences to increasing their coin’s utility for their bullish short-term tendencies. This week will focus on AMB, BCH, and ADA, with AMB likely to lead the charge as a cryptocurrency likely to gain in excess of 50% in the short-term.
This week AMB 00 is highlighted as likely to have major bullish tendencies in the short term as they release their upgraded Mainnet 2.0. AMB developers are clearly remaining committed to their project even amid the bear market. Currently, AMB’s market cap is barely over $20 million.
In other words, if it approaches a $100 million market cap, the value of the underlying AMB increases 500% (5x).
With multiple other cryptocurrencies having mainnet updates in the prior months there can be a common occurrence gleamed from watching the cryptos price movements in the days leading up to launch. The coins have a tendency to trend North in anticipation of mainnet release.
As more individuals check the crypto calendar and see ‘news’ they start FOMOing and rush in. The goal is to beat those FOMOing individuals into the alts with upcoming major developments.
This week’s piece does not focus on conference developments, or utility developments, but instead on tech developments.
AMB with their Mainnet Version 2.0 being released before the end of quarter four should provide an unexpected surprise announcement (that you’d have to go all the way to December on the crypto calendar to view or be following the project to know). These types of tech upgrades, especially with exact dates unannounced provide a major opportunity for bullish price movement.
AMB has their Mainnet 2.0 being released this quarter but also has developments occurring behind the scenes and major partnerships in the works. A market capitalization of only 20 million, coupled with tech advancements, partnerships, and listings on the biggest exchanges, is why AMB is an attractive acquisition target.
Individuals familiar with AMB’s team have mentioned numerous times how partnerships are planning on being announced by the EOY in either the pharmaceutical supply chain or food supply chain monitoring. AMB is also onboarding many of their core community for internal product testing and development. Major developments are happening within AMB and quarter 4 coupled with Mainnet 2.0 should push AMB even higher.
AMB is a blockchain-powered IoT network, enabling secure and frictionless dialogue between sensors, distributed ledgers, and data to assure product quality. This niche (supply chain monitoring) is one where blockchain will continue to exploit as their transparent nature, ability to track frictionlessly and provide live updates will revolutionize the supply chain and IoT technologies.
With quarter four’s Mainnet Version 2.0 on the horizon it is likely we see a major Northern price trend produced due to upcoming tech advances and partnerships.
Q4 price target prediction: $ 0.60-$0.72 in the short term, approximately 6,000 Sats.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) 00 has had a rough summer and the upcoming Bitmain IPO, which was supposed to boost BCH’s price, but has suffered due to swirling rumors about false claims of investors and quarterly sales numbers. However, when the market is ‘doubting’ a coin this is the time to believe in it.
“Be fearful when others are greedy, be greedy when others are fearful,” said Warren Buffet.
Right now the market is fearful regarding BCH, which is why it is time to be greedy.
Regarding BCH’s quarter 4 and technological advancements they have an upcoming hard fork and are participating in Amsterdam’s DevCon October 27, 2018. This hard fork has investors both worried and curious.
The worry and fearfulness are overpowering the curiosity resulting in BCH falling more than 50% against BTC since the beginning of summer.
The Bitcoin Cash fork is occurring because two of the biggest mining groups (by hash power) have split thoughts on the future of BCH. One group wishes to introduce atomic swaps intending to make BCH the most scalable, extensive, and utilizable blockchain, while slowly moving BCH away from a currency used like ‘cash.’
The other group wants BCH to remain as close to “Satoshi’s Vision” as possible while remaining a true ‘digital currency.’ These visions are clearly competing leading to what amounted to a Twitter argument between two huge hashing groups of BCH (and a BCH price correction).
An upcoming hard fork coupled with attending major technology conferences are two reasons why BCH may increase in value against BTC even if it does not outpace top contenders like AMB.
BCH has major tech upgrades coming in quarter 4 with the possible hard-fork. If no fork occurs this will settle investor’s nerves and likely also lead to a BCH price rally. The Bitmain IPO, which has seemingly been forgotten, is about to occur. Between conferences and the Bitmain IPO, the community and BCH awareness should increase significantly in Q4. Conferences, Bitmain’s IPO, and a hard-fork are all quarter 4 catalysts for BCH.
Q4 price target prediction: A minimum of $600 by the end of quarter 4 and a 20% increase in value (Satoshis) against BTC.
Cardano 00 has the least impressive tech upgrades on this list but it has some very important things going for it in quarter 4. It is a front-runner (along with BAT) to be listed next on Coinbase.
If the price movement of the prior two coins listed on Coinbase is a hint, an ADA listing will boost its price significantly in the short term. ADA is also being fully integrated in November into the Metaps Plus platform.
Metaps Plus is a fintech company that has a specialized point of sale (‘POS’) payment system. They are based out of Korea and have over 30,000 offline stores already using their POS system. Although ADA is not undergoing a tech upgrade, being introduced into the Metaps payment platform significantly increases ADA’s utility. Adding utility adds the most value in the crypto space and through integration into a new POS system ADA is ensuring they remain relevant, at least for the near future.
The integration of ADA into Metaps is supposed to be completed in November. This provides the next ten days as the perfect time to do research on ADA and whether or not they are likely to succeed in the short and long term.
With a Coinbase listing seeming imminent coupled with being added to an already functioning POS system in 30,000+ stores; ADA seems to be a Top 10 Cryptocurrency primed for growth in quarter four, compared to Bitcoin BTC 00.
Best Chances for Short-Term Gains
Even in this bear market, some cryptocurrencies have produced returns greater than Bitcoin, despite BTC’s resurgent dominance to boot. Based on potential tech advancements in Q4, AMB is poised to produce the highest returns, in my personal opinion.
However, when Top 10 cryptocurrencies by market cap also have major advancements in the next few months it is important to target ‘safer’ options as well. BCH and ADA have important events occurring in the quarter 4 that make them more relevant and likely to gain in Satoshis against BTC.
Crypto is a high-risk marketplace and cryptocurrencies with smaller market caps like AMB should see the highest returns against BTC in the immediate short-term.
AMB may see price movement in excess of 100%. It is much less likely that ADA and BCH will see that type of movement due to larger market caps. However, upward price trends from all three are likely as they each have important Q4 updates.
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). The Crypto King is the founder of ANON and does actively trade cryptocurrencies.
The post 3 Cryptocurrencies Well-Positioned to Beat BTC Price in Q4 (AMB, BCH, ADA) appeared first on Bitcoinist.com.
Source: JakeTheCryptoKing, Bitcoinist
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.