The prior week has seen excitement fill the crypto atmosphere once again. The timing syncs with the one-year mark to BTC’s halving approaching rapidly. This is historically when the BTC and crypto pumps begin. Which coins should individuals be accumulating during this final month?
BNB, GO, PIVX, and XZC.
Noticing Market Trends
One of the most important skills in crypto is noticing market trends. There are a few very poignant trends right now to focus on.
Own where you trade.
Recent reports highlighted how 90% of BTC volume could have been faked. The highest actual volume for Bitcoin and altcoins when the “wash trades” were removed: Binance. With updates to the new IEO which require users to HODL 100-500 BNB to accumulate lottery tickets, and 500 BNB required to receive the highest trading discount; it seems as we enter a bull market and attract new traders they’ll be incentivized to own where they trade. With current market trends, it is unlikely Binance is displaced as the #1 Crypto Asset Exchange by volume (and among users!).
Follow the news. Are you ready to GO?! GoChain has more activity behind the scenes currently than 99% of projects. The amount of information I wanted to include in this article had to be reduced and redacted because not all of it is publicly disclosed yet. My favorite highlight is that one of the most senior team members is currently meeting with the government officials about implementing their upcoming elections on the GO blockchain.
GoChain just inked a deal with a Fortune 200 company regarding setting up a masternode and 2 years of blockchain support. This list goes on and on yet no news has been released yet. Timing is everything, imagine what happens when teams declare its time to release positive news. GO will do more than just go.
Passive income is better than no income. PIVX and XZC are the two smallest market cap coins listed on Binance that will also be listed on Pocket Node (a 1-click masternode app releasing in April). With a platform greatly increasing the ease of setup of a masternode, it is likely those with the highest returns and lowest market caps on Binance will be targeted for accumulation.
BNB, GO, XZV, and PIVX are the Binance-listed coins to target in April.
BNB
Besides their new IEOs and benefits to holders. Binance has many exciting things in April. They have their quarterly token burn April 15th. They are launching their Binance Chain (think ETH 2.0), with major projects switching platforms. Their DEX (decentralised exchange) is on the cusp of launch. They have multiple Launchpad sales lined up along with Trust Wallet integration with their Binance DEX.
New users flocking to Binance as we enter any type of bullish market will initially seek the BNB token to reduce trading fees and enter IEOs. The BNB constantly has more utility added to it by being utilizable on many of the crypto platforms. However, the value internally within the Binance platform is what drives the current demand for it.
Updating their IEO policy was a very strong move. It now requires users to HODL 100-500 BNB based on how many lottery tickets for an opportunity to purchase the upcoming IEO they wish to have. The more lottery tickets a user wants, the more BNB they need to hold. Binance also provides trading discounts at 500 BNB, incentivizing users even more to accumulate.
As more users join the Binance platform it seems very likely they will be a driving factor in BNB’s demand. This coupled with incentives like decreased trading costs and lottery tickets for upcoming IEOs it seems BNB is poised to continue its climb against BTC.
Every user of Binance should own where they trade, the incentives continue to grow, as does the Binance user base. BNB is a safe option for solid returns against BTC in April. With a market cap approaching 2.5 billion the BNB token has the highest market cap on this list but is also the safest option. Look at BNB as the “blue chip” on this list of strong options to accumulate for April.
GO
There is too much news to include in one article, and not all of it has been released by GoChain themselves yet.
A quick synopsis before tomorrow’s GoChain specific article:
- Updated roadmap earlier this year to pivot toward working with Enterprise Companies to go after real world adoption (this move was calculated).
- Fortune 200 Company on-boarded as a Node signer (bought a masternode worth of GO) and signed to a 2-year deal blockchain deal to collaborate and co-brand on future projects. (unannounced)
- They are in the final stages of talks with different governments to use blockchain technology to combat corrupt elections on the GoChain. (unannounced)
- FileCoin raised $200 million, GoChain with a fraction of the market cap is in Beta testing of their MVP designed for building a suite of applications.
- GoChain’s co-founder and CTO, Travis Reeder, was just added as an advisor to Salesforce. Salesforce has a $118 billion market cap (larger than BTC’s).
- Many sources close to the company have stated they are working behind the scenes on large projects not on their roadmap, as Proof of Concepts, for other Fortune 500 Companies.
GoChain is not your “blue chip” token, not yet at least. With a $17 million market cap it is likely GO enjoys a significant boost in value when any of the above news actually becomes a GoChain announcement, or the significance of the different connections is made. Their CTO is now an advisor for company with a $100+ billion market cap. They have an unannounced partnership and Node holder with a Fortune 200 company. They are in discussions to implement voting on the GoChain in countries around the world. GoChain could increase in value 20% or 20x based on if a deal is inked with a government to implement voting and when they plan their other announcements.
GoChain is ready to Go.
PIVX & XZC
Passive income, increased demand, decreasing supply, renewed interest in masternodes with increasing simplicity are all reasons PIVX and XZC should appreciate in the short term. Who doesn’t enjoy passive income? With XZC earning holders more than 20% annually, what happens if we enter any sort of bull market? Not only will holder be earning passive income from their masternode but the value of the masternode will be appreciating.
As users begin accumulating PIVX or XZC for their masternode, circulating supply will be pulled out of circulation. This coupled with demand increasing simultaneously because the ease to set up a masternode decreased exponentially will create a perfect storm for price.
Supply is decreasing while demand is increasing. Economics 101 tells us if demand increases and supply remains neutral, the price increases. If supply decreases while demand remains neutral, the price increases. However, when both occur simultaneously the appreciation could be greater than expected.
PIVX has a market cap of $53 million with XZC competing with a market cap of $52 million. DASH, the leader of the masternode community has a market cap of over $800 million with a masternode value of over $70,000. DASH will be supported as they are most respected in masternodes but having a lower annual return than XZC and PIVX coupled with a masternode cost of $70,000 it is unlikely new users will choose an option that costs $70,000 vs $7,000. The DASH community will definitely benefit but it is likely the degree of the benefit will impact PIVX and XZC in a more noticeable manner.
PIVX and XZC should benefit the most from Pocket Node when compared to other Binance listed coins. Increasing the ease of setting up a masternode will generate demand and excitement internally while adding new community members to existing projects.
PIVX and XZC are both privacy tokens with masternode staking ability that should enjoy significant appreciation as those unable to previously flock to set up masternodes.
Conclusion
May is right around the corner and historically than is when BTCs and alts begin their pumps. If history repeats itself coins like BNB, GO, PIVX and XZC should be targeted and researched as possible opportunities to outpace BTC’s returns. Every trader in cryptocurrency should have one main goal: increase your Satoshis.
The bear markets teach us valuable lessons but bull markets are the most fun to participate in. With one likely right around the corner, one question remains: are you prepared?
The Crypto King’s favorite coins on Binance in the short term are: BNB, GO, PIVX and XZC.
[Disclaimer: This views expressed in this article do not reflect the views of Blockchain Reporter and should not be taken as financial advice.]
To read the Crypto King’s prior articles or to get in contact directly with him, you can on Twitter (@JbtheCryptoKing) or Reddit. The King is the founder of PocketNode, ANON and actively trades cryptocurrencies.
