2018 has been a rough year for cryptocurrency enthusiasts. Coming off of the all time high prices at the end of 2017 we've seen a painful correction that has burned many investors in the space. However, this does create some very unique opportunities for value investors looking to pick up some excellent assets at a discount. Markets always run in cycles, and if you have strength to hold out or even the foresight to acquire more coins in these troubling times you will likely be greatly rewarded for your efforts.
How though do we choose these investments?
Due to the massive amount of projects in the cryptocurrency space it can sometimes be difficult to ascertain exactly which ones will bring about a worthwhile return. What factors are we looking for specifically? Some things you may consider are the circulating supply of the asset, how close it is to the all time low price, the social media presence of the project in question, their branding and the coin's current market cap.
Acquiring and analyzing this information manually can be overwhelming, especially for a new investor. Fortunately though, there are tools available that can help you ease this burden of choice by aggregating all relevant information in one place. Cointobuy.io is such a tool, and in this article we will use it to analyze some of our potential investments to identify some that could hold great value for us in the future.
In the coming years cryptocurrency based lending is going to be a huge deal. For this reason I'm very bullish on any coins that offers these options to investors, and Salt is definitely leading the pack here. They have unfortunately experienced a hard fall from the panic selling that ensued but for a savvy investor this creates an amazing opportunity.
Despite the low price point this token still carries a safety rating of 4, which is very good. If we take a look at the Cointobuy Salt analysis page, then we can also see that the potential profit for this token is a whopping 759%! That's a great return, and it's certainly a gamble worth taking for me. Just remember to only invest money which you will not need for at least six months or more as this type of a return will not happen overnight.
The Salt platform is so attractive because it's not another ICO pipe dream. They are already functioning, and they have actually already funded over $30,000,000 in cryptocurrency backed loans. As a first mover in this space that gives them an amazing advantage over other projects in this niche.
I have no doubts that they will regain their all time high price and go even higher still, so I find this an excellent opportunity to pick up tomorrow's technology at rock bottom prices. This near all time low price is not to be missed.
The only potential problem with Salt is that their social media following seems to be confusingly low, however according to the information available at Cointobuy.io, the Google trends for this particular asset are much more attractive, and I feel that figure may be much more important to focus on.
While most of the focus in the world of DApps is on Ethereum, EOS also has solid potential in this area. What do I think makes EOS a better buy than Ethereum though? Well, for starters the market cap still has a lot of room for growth, which means a higher profit potential.
Secondly, this coin has the ability to scale large enough to handle enterprise level applications, which will be necessary in the future. At present, Ethereum does not have these abilities. However, by utilizing a delegated proof of stake method, EOS removes this limitation. You can already see this system in action by visiting founder Dan Larimer's other site, Steemit, a social media hub based on the same principals.
How do the charts hold up though? Let's refer back to the Cointobuy EOS analysis. If we take a second to look at the EOS page we can quickly ascertain that this coin has a very nice safety ranking of 4.4, while this is not quite as nice as Bitcoin's it is still a pretty secure investment. In addition, we can see that there is growing social media activity surrounding this coin.
That's great news as it means that more people are talking about it, and it's obvious that this coin is doing a great job of marketing itself. Based on the available information our potential profit for EOS is 167% - not a bad return, and an opportunity to invest in a great platform.
When it comes to cryptocurrencies there's no denying that Bitcoin is still the king. It's usually always a good idea to get into Bitcoin when it's low. Why? Many feel that Bitcoin is now outdated technology, but it still has the greatest market share. It also has the biggest appeal to those who are new to the space simply due to brand recognition.
If you combine this with the ease of acquiring Bitcoin for fiat currency then it's clear which coin will be the most likely for new investors to acquire first. It's also the easiest to use for transactions in general which keeps a steady stream of purchases coming in.
What's more is that many other cryptocurrencies will follow the path of Bitcoin. Most likely this is due to the fact that it's the most viable trading pair for nearly every other asset. Due to these reasons this coin obviously portrays the highest safety rating on Cointobuy.io for potential investors.
By using the Bitcoin analysis tool, we can establish that our potential profit for this investment could be up to 170%. As always, it's important to do your own research, but I hope that this article and Cointobuy service have helped you identify undervalued cryptocurrencies.
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