So this started off initially as a 10 week long venture, but I had some technical problems and things got busy in life. Week 10 was going to be ION (https://ionomy.com/) if anybody wants to look into that one. It's a pretty unique coin!
First let's recap on what was gained or lost in USD value. I'll just make it a simple table, because I like tables. All of these values are based off of USD, not BTC gains and losses.
| Cryptocurrency | Initial Price | Current Price | Change |
|---|---|---|---|
| Gridcoin | $0.058965 | $0.031620 | -46% |
| BitBay | $0.020606 | $0.020618 | 0% |
| WeTrust | $0.122238 | $0.342136 | +180% |
| Vertcoin | $0.581678 | $1.02 | +75% |
| SwarmCity | $1.00 | $1.60 | +60% |
| Storj | $0.371318 | $0.450987 | +21% |
| LBRY Credits | $0.336843 | $0.210442 | -38% |
| Quantum Resistant Ledger | $0.579788 | $0.537380 | -7% |
| RISE | $0.143770 | $0.494731 | +244% |
Which of these coins do I still like?
Out of these nine coins/tokens there are only two that I intend on keeping and continuing to follow. I don't feel like any of these are bad projects, they just don't fit into what I personally consider a long term hold. Here's what I still like and why.
Vertcoin
So the atomic swaps happend this past week. I hope I didn't confuse anybody and make them believe that atomic swaps were going to be unique to Vertcoin. When I re-read my original Vertcoin post it kind of seemed like that was what I was saying. So far that I have read there have been atomic swaps including Bitcoin, Litecoin, Decred, Vertcoin and at least one other (Komodo maybe? I don't remember). These atomic swaps will continue to add new cryptocurrencies over the next weeks and months.
Vertcoin still has the ASIC resistant mining and the stealth addresses that they are working on. If Bitcoin is the gold, and Litecoin is the silver, maybe Vercoin can be the copper... or tungsten. The way I see it as being. Bitcoin is a $50 bill, Litecoin is a $1 bill, and Vertcoin is a penny. Pennies don't get used as much as dollars but they still get used. I expect some day there will be a wallet with all three (or maybe an atomic swap wallet) and they will all have value. This is why I will keep passively buying Vertcoin.
Rise
Rise has quickly become one of my favorite coins. When I invest in things, I absolutely make an emotional decision. If I get a gut feeling about a certain coin and if the vision looks good, I take a gamble on it. I say gamble because if you are putting a large amount of money into anything that hasn't been pre-established it is a big risk. The Rise team does their work privately and doesn't continually update Github. This alone isn't enough to drive me away. So I joined their slack and talked to community members, delegates, investors and various team members. I still had my gut feeling so I jumped into it full bore. So they have been added to my main holdings.
The rewards from the Delegated Proof of Stake from Rise are excellent. The team is actually working on things and they have just recently added two new developers and are looking to add other team members. What hasn't come to fruition yet are the airdrops from the incubator, but it's an exciting concept to get free coins from a startup cryptocurrency just by holding Rise in my wallet. There are a great bunch of people on the Slack channel that can help you with just about any problem you need and everybody is willing to help in any way that they can.
So what's next for me on Steemit?
I didn't like focusing on ONLY low cap coins for so long. There are sill many in the top 50 that I don't know a lot of details about. So what I'm going to start off with is a bit more in depth posts on my favorite coins. I'm going to try not to make them too long but I will add a bit more info on the teams. I'm also going to randomly do posts about other coins as I read and see what I like.
And of course, I will be giving away crypto every time I post about a cryptocurrency here on Steemit.
In the next few weeks I will be posting about my five main coins.
- Dash
- Ark
- Ardor
- Rise
- NEM
