CryptoHoopla Reports

CryptoHoopla: Lisk Report (LSK)

CryptoHoopla: Lisk Report (LSK)

Exchange Coverage: Excellent

Management team: Excellent

Hype Factor: Good

Market Cap at time of writing: $3,482,571,103 USD | 318,508 BTC

Price at time of writing: $29.45 USD | 0.00269382 BTC

Outlook: $45.00+ March/April 2018

Overall Sentiment: Bullish

 

Lisk at a glance:

Decentralised apps platform that uses sidechain technology to address the scaling issues that other blockchain based infrastructures suffer from. Lisk is a modular blockchain and its apps are  written in javascript (a popular and easy to learn coding language), making it very developer friendly. Capable and dedicated team with solid backgrounds in Ethereum and Crypti. Upcoming relaunch on 20 February 2018 will generate good hype which should translate into positive price action.

Hoopla Analysis:

Lisk is a modular platform that allows each app to operate on its own sidechain. This allows better scaling, security, and flexibility. Sidechain technology is complicated but in simple terms can be explained as a feature allowing certain transactions to be dealt with outside of the main blockchain and removing unnecessary volume and congestion from the network. Lisk has been developed from the ground up to appeal to developers. In particular, the fact that Lisk apps can be written in javascript makes it very approachable. By comparison, Ethereum uses Solidity, a more obscure but specialized language for coding its smart contracts. The race towards a pre-eminent decentralised applications platform is going to be won by the most widely adopted platform and it is developers, not consumers that will decide where apps (and therefore utility and value) are created. This make’s Lisk’s approach a clever one. The Lisk community is as large and devoted as you would expect for a currency with such a high market cap. Encouragingly, there is a lot of developer activity in the forums. The Lisk subreddit is steadily growing.The Lisk development Roadmap is detailed and inspiring, although not presented in a way that makes it clear whether milestones are actually being reached.It is not clear at this point in time what exactly the relaunch on 20 February 2018 will entail, but at minimum you can expect a rebrand and announcements about the alpha version of the Lisk app development kit.

Lisk Google Search Trend (12 month):

(Source)

Technical Analysis:

Technical Analysis Commentary:

Alongside the rest of the crypto-market, Lisk has seen significant price volatility over the past few months due to the decline in BTC prices. However, looking at the sat’s chart we can see a very strong and healthy upward trend which has held it’s own since December, and this is what’s important to us when looking at the technicals – are people unloading lisk, or buying it? And the chart is telling us it’s the latter.

The upward trend has been following the classic rise, retract/consolidate for a week or two, then rise again pattern. The sell off we’re currently seeing doesn’t concern us unless the support line is broken by two consecutive bear candles, at which point we’d be looking for support at around 0.002.

RSI has been shying away from over-bought territory and MACD is having a bearish convergence as to be expected from the recent price retractions. We see the current pull back as a good buying opportunity, and based on the previous swings we’ve seen in Lisk we think that as long as support holds, the next up swing could see a 50% increase in sats value.

Should you have any questions please contact us at [email protected]

Report produced by CryptoHoopla.com                                      

Disclaimer: CryptoHoopla is not an investment or advisory service. The information in this blog post is for general information only and should not​ be taken as constituting professional advice​ from the website owner. We accept no responsibility for any decisions made based on this blog post.

Subscribe to our mailing list

* indicates required


CryptoHoopla: Verium Report (VRM)

CryptoHoopla: Verium Report (VRM)

Exchange Coverage: Good

Management team: Good

Hype Factor: All time high

Market Cap at time of writing: $11,735,372

Price at time of writing: $7.99 USD | 0.00069767 BTC

Outlook: $20.00 Q1 2018

Overall Sentiment: Bullish

 

Hoopla Analysis:

  • Unique concept designed from the ground up to address the scaling issues of Bitcoin and the cash/core debate using a dual currency system made up of:
    • VeriCoin, a "transactional" cryptocurrency; and
    • VeriumReserve, a "store of value" cryptocurrency.
  • The dual system allows the two currencies to target different purposes without compromise. The currencies leverage original "Binary Chain" technology to work together and reduce transaction times/costs.
  • VeriCoin has a number of attractive features designed to increase its growth and usage:
    • Veribit technology which allows Vericoin to be used with any merchant that accepts Bitcoin.
    • Interest is paid on Vericoin balances held in the native wallet application while it is active.
  • Community is small but growing at at an exponential rate after the Crypto101 podcast interviewed Douglas Pike, one of the creators of VeriCoin.
  • Verium as the "store of value" cryptocurrency is 10x rarer than Vericoin. However, at current prices Verium is currently only ~25% of the price of Vericoin. This alone presents a value gap in the marketplace that should correct as adoption increases.
  • Clear Roadmap with the team staying on target for key deliverables throughout 2017.
  • Major project milestones are set for completion in the near future, including the release of VeriCoin 2.0 in Q1 2018.

Verium at a glance:

  1. Simple and common sense approach to some of the most pressing issues facing cryptocurrencies.
  2. Cutting edge, novel and proprietary technology supported by a capable and dedicated team.
  3. Recovering from an ATH based on hype from Crypto101 coverage, immediately followed by the annual crypto-dip in January, presenting an excellent price / buying opportunity.

Verium Google Search Trend (12 month):

(Source)

Technical Analysis:

Technical Analysis Commentary:

2018 has already proven to be a bit of a rollercoaster for crypto-holders as we saw a boom and bust across the board. Some of the sell off will have been due to fear, some due to profit taking, but either way it is not all that unusual for any financial market to see a correction after a massive bull run, like what we saw in December. The good news is that these pull-backs allow traders to get in at a cheaper price, and Verium, which is currently trading at less than half its' all time high of ~$17 is looking good.

Looking at the indicators, the MACD is still looking very bearish, with no signal of a trend change yet. The bear line is dominating and does not appear to be converging at all. RSI on the other hand would suggest the down swing is weakening out, but it is not calling oversold and looks comfortable in 'neutral' territory.

An angled support line that we have seen hold its strength since early December has been breached, but it does not appear to be an aggressive breakthrough. When we see a breach in support or resistance, we like to see a strong break through before we feel comfortable making a call on the short term price movements. The fact that this breach has been so weak suggests that the downward trend may have been exhausted. Those looking to make an entry should watch current levels closely, as a strong movement up or down could be a good indicator of the next short term price trend.

Overall, technicals suggest that Verium may not have hit rock bottom yet. Regardless, we're more than happy to be buying at these levels. We have to accept we will never pick the bottom or the top of the market and simple need to buy at what we believe to be a good price. The technicals combined with solid fundamentals, and the fact that it's sister-coin Vericoin is trading at a marketcap almost 4 times higher than Veriums', while Verium is 10x more scarce, makes for a compelling argument for the coin. We think Verium has huge potential and could very likely tighten the value gap between its market cap and that of Vericoin (which we are also bullish on). While we think $20 is attainable in Q1 2018, we think long term holders will be rewarded handsomely.

Should you have any questions please contact us at [email protected]

 

Report produced by CryptoHoopla.com                                      

Be the first to receive new reports!

Dear Crypto Investors

Dear Fellow Crypto-Currency Investor,

We have been pleased to receive emails from some of you thanking us for our last 4 reports, which would have seen traders who brought, sold and reinvested our recommended coins profit in multiples of their initial investment. While we are very glad that our followers have found subscribing to our reports to be profitable, we feel the need to clarify something for anyone thinking of throwing a meaningful amount of money into the crypto market – This is a rollercoaster bubble, where a monkey throwing darts at ticker symbols would have been profitable over any period of time in the alt coin cycle. Nobody has proven themselves to be something special yet, and yes, that includes us.

The small team we have here at CryptoHoopla is made up of people who have worked in finance, law and other commerce related fields that back us with not just knowledge of financial markets, but valuable business and marketing experience that helps us identify exciting concepts that can draw hype from the masses. We try our best to to use this knowledge for the benefit of our readers, by finding crypto-currencies that we believe have enough factors to drive hype (or Hoopla) because hype is the essence of the crypto market and usually results in an increase in price.

In mainstream financial markets, Wall Street (and us) evaluate stocks based on their intrinsic value. Without going into the technicalities of financial formulae, educated investors are aware that there are methods used to rationally justify the intrinsic value of a stock or company. Generally, if the stock price is below the intrinsic value, it is deemed to be undervalued and worth of purchase.

With crypto-currencies, people are buying coins in hope that someone will buy them for a higher price in the future, which so far has proven to be an amazing strategy. The truth is, regardless of your strategy, anyone who has had a slightly diversified portfolio would have made a killing at any point in the history of cryptocurrencies provided they held their positions for more than a couple months. I don’t care who it is, if anyone is trying to tell you that they are something special because of their success in the field, they are full of rubbish. And yes, if you find us doing that, don’t listen to us either. Any fool can make money in a raging bull market on steroids, but it’s only when one proves their ability to provide abnormal returns against an index over a full market cycle (AKA a bull and bear market spanning 5 years+) that someone has truly proven they can beat the odds. At this point nobody has done this, and, it’s still debatable whether crypto-currencies will recovering from the impending bust.

Let’s also take an honest look at the crypto-currency space. You are funding projects that are giving you a new currency which can be used to buy goods (supposedly), or transact without a trace, or reward content creators etc… You know what else can be used for that? USD, or GBP, or AUD, or NZD… You get the picture. The only difference is that these currencies which aren’t really used for anything yet, somehow have multi-billion dollar market caps, which in some case exceed the market caps of their far larger and significantly more profitable publicly listed competitors. This is all despite the fact that most of these crypto-currencies have no intrinsic value whatsoever, but the prices have soared based on hype. And thats what we’re looking to do at Crypto-Hoopla, find coins that based on previous scenarios, are likely to surge because of ‘hype’. But hype is not value, and history shows that market prices eventually meet intrinsic value, which means that one day, most crypto-currencies will end up where they belong, at $0. Some will say that crypto-currency is a smarter solution to the banking/fiat currency system, and that may be true, but if that is the case, governments will create their own crypto-currencies which will be embraced by banks and the likes of fortune 500 companies far before any other independent coin gets mainstream usage.

Sounds awfully negative, right? Not completely. When we started investing in crypto-currency, we did so with a simple philosophy – ‘If crypto-currencies are the biggest bubble of our generation, why not try to ride the wave up along the way with a small amount of cash?’. That is exactly what we have done and it has turned out to be greatly profitable, but only because we are not being greedy and we have a plan in place to take money out of the market once we reach certain (attainable) goals. This is how people should be looking at the crypto-currency market, put in some money that you can afford to lose, have predefined milestones for which you’ll take out a portion of your profits, and operate in these markets with the understanding that at any point, you may lose everything you have in the market. Remember, you never win money at the casino until you leave with it.

Do not listen to those who made millions in crypto, they are not rich because they are incredibly smart. They are just fortunate enough to be early adopters in something that happened to go ballistic.

Ride the wave, take out profits, and be fully aware that this will not last forever. 

We look forward to continuing to assist you on your journey.

The CryptoHoopla Team

CryptoHoopla Report: Siacoin (SC)

CryptoHoopla: Siacoin Report (SC)



Exchange Coverage: Strong


Management team: Information lacking


Hype Factor: Increasingly Strong


Market Cap at time of writing: $896,739,867


Price at time of writing: $0.028562


Outlook: $0.067 Q1 2018


Report produced by CryptoHoopla.com

Overall Sentiment: Bullish



  • Community size is comparable to coins with market caps in the USD 2 billion+ range. Highly active subreddit with almost 22,000 followers and growing activity amongst instant messaging/forum communities.

  • Truly disruptive concept and already a fully working decentralized storage network secured by Proof of Work. Unlike many other coins, Siacoin’s value will make sense to even the most novice crypto-currency investors.

  • Very transparent roadmap with management team making steady progress and keeping investors up to date through community updates and a dedicated trello board.

  • Limited information available on the team behind Siacoin, however the strong exchange coverage (including Bittrex and Poloniex) provides some credibility to the team.


Siacoin at a glance:



  1. Siacoin utilizes blockchain technology to turn the unused storage space of the world into a decentralized free market for data. Sometimes referred to as ‘the Airbnb for hard drives’.

  2. The cloud storage market is a multi-billion dollar industry which is ripe for disruption. While Siacoin does have competitors on the blockchain, many traditional companies have operated in this space with large success while having competitors with the exact same offering.

  3. Siacoin is used to reward miners for securing the blockchain and pay hosts for selling storage space. This makes Siacoin one of the few coins that is currently being used for its intended purpose, as opposed to only being held for speculation on potential future usage.

  4. Traditional cloud storage providers are expensive to use and data is usually not encrypted. They are disadvantaged by having to rent or purchase highly expensive data centers, and these costs are carried on to the end user. Sia report to be 90% more cost effective than these traditional storage providers.


‘SiaCoin’ Google Search Trend (12 month):



(Source)

Technical Analysis:



Technical Analysis Commentary:


December has proven to be a great month for SC holders, who saw the coin break past support at .00000114 and top out at .00000276. As to be expected, since hitting Decembers’ high we are seeing a correction that does not appear to be overly bearish looking at the price action of the candle sticks alone. We may see support tested at the previous resistance level of .00000114, otherwise we’re expecting the bullish trend to continue and are looking to trade towards the 38.2% (.0000035) and then 50% (.00000446) fibonacci levels.


MACD is looking slightly weak based off the recent pull back, but hasn’t formed enough of a convergence to make a call on the signal yet. RSI on the other hand looks stable at the 62 area, which as a leading indicator tells us that the market isn't aggressive on the current correction.


We see any pull back towards the support level as a good buying opportunity, and based on bullish technicals, the strong community behind the project and managements seemingly able ability to execute on their roadmap, we think USD 0.067 (BTC .00000446) is possible in Q1 2018.


Note: There are rumours of pump and dump groups targeting Siacoin, which may explain seemingly erratic price movements. Our view is that these groups will not affect the long term performance of the coin, but may be cause for caution.


Should you have any questions please contact us at [email protected]


Report produced by CryptoHoopla.com                                      

Be the first to receive new reports!

Top