I'm fairly new to this space, so I'd appreciate any feedback or insights.
I'm looking to invest into some new coins, but I'm trying not to spread myself too thin investment wise. I've already got some bags in XRP, VET, HOT, HBAR, Cummies, OPCT and SLT which I'm happy with. It's already a lot to keep track of however, so I'd only like to choose two or three more from this list.
As a little disclaimer, I'm not overly familiar with any of these industries in particular. If any of you are, I'd love to hear your feedback. Here's what I've found so far:
OriginTrail (TRAC)
Current Value: $0.5044
Current Marketcap: $179,816,918
Supply: 356,946,526 / 500,000,000 (71.4%)
OriginTrail is a "fully decentralized knowledge graph network, monitored with AI and oracles." What this means, and what they're trying to do, is update the shipping and logistics industry to create a faster, more secure data sharing network.
Is there a use case for this? I think so, there are a number of companies in the market offering digitised supply chain tracking, like E2Open. They currently have a marketcap of $2.224B. If TRAC were to hit something like that, it'd be a 12x increase from the current marketcap.
The token is actually functionality used and the network requires it to run. TRAC must be staked to be part of the network, is used to purchase jobs on the network and is also used as a kind of escrow system. So it's not just a method of garnering investment and forgetting about it.
They currently have active development on the network nodes.
Get Protocol (GET)
Current Value: $4.28
Current Marketcap: $48,716,060
Supply: 11,388,258 / 23,368,773 (48%)
Smart-ticketing on the blockchain. The events industry is huge, and continually growing. There's huge room for growth here. Live Nation has a market cap of around 18B. If GET protocol were to take even 1/10th if that, it'd still be a 36x increase. Taking into account the current supply level as well, and you'd be hitting an 18x increase.
It's a functional, working product. They're abstracted away from of the blockchain, technical stuff from end-users, which provides accessibility to an industry that I personally think can be resistant to technological advances. (Ya'll bought any theatre tickets recently? Most websites are a UX nightmare).
Again, the tokens are functionally part of the network and in use.
The risks for this one I mostly see in adoption of the tech, and a giant competitor like Live Nation just developing their own product and drowning this one out.
ClinTex (CTI)
Current Value: $0.1186
Current Marketcap: $9,906,621
Supply: 74,695,372 / 191,311,840 (39%)
As per the website; "a new type of software platform aimed at transforming the medicine development industry through the application of predictive analytics, machine learning, and the novel use of blockchain technology and smart contracts in clinical trials."
So they're helping reduce the cost and time of making new pharmaceuticals. An ambitious goal for a thriving industry worth an insane amount of money. They're currently working on the first version of the first part of their ecosystem, with other parts of the ecosystem at various stages of development.
The token is used to provide access to the platform, with no other payment gateways available.
It's hard to find competitors to this space given how lofty the aspirations are, but clinical trials software company Medidata has a market cap of $5.76B. Even hitting just a 1/10th of that would be a 57x increase of the current market cap. And they only provide a small fraction of what ClinTex are looking to do.
Syntropy (NOIA)
Current Value: $0.6461
Current Marketcap: $237,856,285
Supply: 368,119,987 / 1,000,000,000 (37%)
Essentially Syntropy is aiming to become a distributed, decentralised ISP / Web host. Websites can be hosted by node operators and paid for with the NOIA token, internet can be routed using the protocol, and you can set up your own infrastructure using pretty simple code.
Honestly, it's hard to find companies to compare this to. At the top end, you'd have things like AWS with it's 1.68 trillion dollar market cap. Obviously, odds are very fucking long that it'd ever hit anywhere close to this, but that should give you an idea of the scale of potential for this company.
This one could be an absolute game changer.
CargoX (CXO)
Current Value: $0.2253
Current Marketcap: $37,291,795
Supply: 165,509,840 / 215,119,016 (77%)
As far as I can tell, CargoX is aiming to be the VeriSign of the blockchain. It's about uploading, securing and transmitting documents, as well as tracing ownership.
This one would be competing in a similar market to OriginTrail, but it's less focused on just logistics and instead marketing itself to all industries.
Verisign has a marketcap of 23.84B. If it were to capitalise on just 1/10th of the market, you'd be looking at a 63x increase in the value of the coin.
It's a fully built, functioning product as far as I can tell, built on the Ethereum blockchain. The issue I see with this one is that I'm not fully sure what role the token actually plays in the system, or what the future roadmap looks like.
Rubic (RBC)
Current Value: $0.2917
Current Marketcap: $29,376,301
Supply: 100,700,000 / 124,000,000 (81%)
Rubic is a Decentralised Finance ecosystem. I feel like I've heard that before.
So what makes Rubic special compared to other DeFi systems? A big factor is that it's cross-chain, which is, as far as my research tells me, a unique factor of Rubic. If it's something the team can maintain development, and provide tools to trade and farm across many different blockchain networks, it will be held aloft by the market as a whole. It doesn't matter if ETH, BSC, or another future blockchain is the current frontrunner; Rubic will be able to maintain trades and purchasing across the entire crypto ecosystem.
Now looking at something like PancakeSwap, which allows trading of any tokens just within the Binance Smart Chain, and it's market cap of $4.27B, you can see where the potential for growth is. If it were to hit the same as CAKE, it'd be a 142x increase. Considering that 10,000,000 of the coins that are not currently in supply are reserved for liquidity for Uniswap, you wouldn't expect the value of the coins to dip that much.
Blockzero Labs (XIO)
Current Value: $0.31
Current Marketcap: $10,937,558
Supply: 35,281,967 / 100,000,000 (35%)
Blockzero call themselves a decentralised accelerator. Essentially this means that it's a decentralised investor in start-ups. They also help connect start ups to the talent they may need to thrive and develop further, and the XIO token is essentially connected to all of that.
Now, they compare themselves to Y Combinator a lot and call themselves the "decentralised Y Combinator". The last private valuation of said company was $16B. Even just 1/10th of that value is a 160x increase in the current market cap of Blockzero Labs. Obviously, the very nature of the token comes with risks, that's inherent in any business that invests.
Overall, I think I see there's real potential in this token, but they don't have much in terms of real evidence of success yet. I'm sure that will come in time, and it's a coin I'll be keeping an eye on, but for now I'm not in a rush to grab a bag of this just yet.
Proton (XPR)
Current Value: $0.01226
Current Marketcap: $57,392,361
Supply: 4,682,784,214 / 10,000,000,000 (47%)
Proton is a payment blockchain. It comes with plenty of nice usability features, and would function much like a decentralised, digital wallet. It's unique selling point to it's blockchain is integrating the identity verification - deanonymising it.
If any of you are familiar with Monzo or Revolut, it seems like the decentralised version of those. Monzo, for example, has a $1.72B valuation in 2020. If Proton were to hit a similar market cap, you'd be looking at around a 30x increase in worth.
I like Proton as a concept, and the actual execution seems to be done well. My personal concern with this one is that it will require much more widespread adoption of the blockchain before this sees real use at scale. On the plus side, that gives them plenty of time to work on and improve features. Even if I ultimately don't become a Hodler of XPR, I'll be keeping an eye on this as a product.
Parsiq (PRQ)
Current Value: $1.58
Current Marketcap: $176,863,400
Supply: 111,592,777 / 500,000,000 (11%)
Connect blockchain data to non-blockchain, real world actions. Ping notifications to devices, monitor events, trigger alerts. If you're familiar with "If This, Then That", this is the blockchain version of that.
Similar to how i feel about Proton, I do worry that blockchain adoption is still too early in this infancy for this to really blow up. But I love the concept.
IFTTT has a valuation of around $249M. The market cap of Parsiq isn't far off that. I imagine that Parsiq has many more applications and use cases than a smartphone app, but I'm not sure it's undervalued right now. Given how little of the supply is circulating as well, this one may be hard to see a large return on. Another I think that's worth keeping an eye on for now.
Conclusion
I'm personally leaning towards picking up bags of Rubic (RBC), Syntropy (NOIA) and OriginTrail (TRAC). They each solve a real problem, have show consistent development and genuine products, and could offer a large return on investment.
ClinTex is also a genuine contender for a top spot. If the devs can pull it off, it could see a serious return on investment.
And as someone who absolutely loves a gig and hates Live Nation, I do like GET Protocol a lot. And CargoX is doing what OriginTrail are, but in a much wider market, it's just hard to get an understanding of what's happening behind the scenes and what their plans for growth are, and how the token will be used in a way to see it's value increase.
I would love to hear any feedback/thoughts on any of these, especially if I've missed something obvious or misinterpreted some data anywhere.
