• Ashley Pugh

Any of us around in 2017 know how explosive the ICO market could be. IF...and it was a BIG if.. you got in at the right time and with the right projects that is...AND knew when to cash out.


After the bear markets of 2018 and to a lesser degree 2019, 2020 has exploded forth with a veritable sea of DEFI projects that could offer some HUGE returns...or see you get REKT by a series of scammers or exit scams.


At New Kids On The Blockchain we spend virtually every day talking to and surrounding by people up to their necks in deep analysis of the right projects to invest in. Our weekly show on YouTube also features some of these picks.


So , here are five we think could set you up if you get in early enough.


1) UNITRADE (TRADE) - Unless you have not been hiding under a rock you will know that UNISWAP , the decentralised exchange, is where a lot of the action is for the hottest new DEFI coins.  TRADE is the native token and acts as a platform token for paying fees. If the action on Uniswap keeps up the only way for this token is up with it !!

https://coinmarketcap.com/currencies/unitrade/


2) BITGEAR (GEAR) - Bitgear is HOT!!! With so many people calling it out as a one to watch it's one that should be on anyones radar looking for a solid project to add to their portfolio. It's an aggregator for everything digital assets, DEFI, 1-click tools and our very own proprietary arbitrage engine to earn and stake daily. Bitgear is also working on Interoperability between Polkadot-Ethereum DEXs. Exciting stuff !

https://coinmarketcap.com/currencies/bitgear/



3) BARTER TRADE (BART) - This was one of the hottest ICO's I have seen since 2017 with the main sale selling out in under 2 minutes. BarterTrade aims to provide a social and gamified experience in trading. Multiple features will be added along the way that will make trading a fun and competitive experience while maximizing trader's revenues. Keep. a close eye on this one. After a 10X on launch, it has fallen back and may be time soon to grab yourself a bag for the future.Solid roadmap and team with BIG plans so get in on the ground floor.

https://coinmarketcap.com/currencies/bartertrade/


4) AAVE (LEND) is a more established and mid-cap coin. It's a non-custodial lending and borrowing protocol, that has become the second decentralized finance protocol to hit $1 billion in total value locked. The milestone means users have deposited $1 billion worth of assets into the protocol for lending and borrowing purposes. Look for a good entry point and hold for future growth.

Possibly not the immediate crazy returns of some more of the newer DEFI 'Moon Coins' , but a solid project with fewer risks.

https://coinmarketcap.com/currencies/aave/


5) MYX NETWORK (MYX)

Such a hot pick that after certain well known YouTubers touted this it doubled in value overnight. So what is it DeFi. Deflationary. Staking. Every transaction burns tokens and if you stake, you earn half of what is burned in proportion to what you have staked. Includes a Digital Advertisement Network, Investor DAO and Social Media Network.

It's smoking hot this one and you will only find it on Uniswap at the moment.

https://coinmarketcap.com/currencies/myx-network/



The New Kids On The Blockchain provide this as information only and it should not in any way be considered investment advice. ALWAYS do you own research and consult with professionals before investing.



Our weekly webshow airs Saturday 6PM BST each week for hot crypto picks and a lot more:

Http://www.youtube.com/c/newkidsontheblockchain

Also check out our feature documentary on the ICO explosion and crypto from 2017-2020. FREE to view on YouTube:


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The #crypto market has continued to bleed over the last 24 hours with many coins showing further double digit losses. #BTC is down nearly 12% at just over $9500 , at the time of press.#Ethereum is approaching the $200 resistance level, after a nearly 13% drop. The over crypto market cap is getting close to the $250B resistance mark.


BTC / USD is currently on course to have its most bearish week since March 2018, down over 26% in the last week alone. #ETH is over 25% down on the week.


This recent steep drop in the #cryptomarket has been partly attributed to the #senate hearings on #Facebooks #Libra and the voicing of proposed cryptocurrency, by the social media giant and their negative views on cryptocurrencies generally.


Senator Sherrod Brown, a Democrat, told the hearing: "We'd be crazy to give them a chance to let them experiment with people's bank accounts." He thought it was "delusional" to think individuals would trust the social media company with their "hard-earned" money.


Other senators voiced their concerns . "I don't trust you guys," said Republican senator Martha McSally. "Instead of cleaning up your house you are launching into a new business model."


U.S. Treasury secretary Steven Mnuchin has also vocalised his assault on bitcoin, Facebook's planned Libra crypto project, and other cryptocurrencies, warning they pose nothing less than a "national security" risk to the country. " This is indeed a national security issue," Mnuchin told reporters at the press conference on the 16th July. 


“Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs, and human trafficking," adding that Facebook's Libra "could be misused by money launderers and terrorist financiers."


Never one to hide his feelings on social media, President #Trump weighed in to show his distain for #cryptocurrency , on #twitter earlier this week:


This is all starting to feel like a calculated pincer attack, to lower prices ahead of incoming regulated markets, giving institutions one last chance to get their BTC for much lower prices before, what I believe will be, a meteoric rise.


Once people truly realise there are only 21 million #Bitcoins to go around (and many have been lost for ever) the price can only go one way. It will be virtually impossible for the US to ban #cryptocurrencies, as that really will be like trying to shut the door after the horse has bolted.


Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, after many months of delays.


It will be interesting to see how the market reacts over the next few days and if the bleeding can be stemmed. Watch this space .....

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It's a mixed bag in #crypto today as the market is up and down across the top ten coins. Market cap sitting at just under $262.5B. #Bitcoin (#BTC) is at just over $8223, after a modest 1.5% growth in the last 24 hours.


#Litecoin has been cooling off slightly over the last few days, with a further drop this time of just under 4%, to just over $129. Many feel this coin will explode over the next two weeks, as we approach the #halvening as per previous times, but time will tell.


One of the big winners in the last 24 hours has been #Chainlink up nearly 36%, after announcing a partnership Matic network.


In News today:


#Litecoin (LTC) continues its launch into the mainstream financial press with this from #Bloomberg:


From Bloomberg: Hottest Crypto Is Up 330% This Year and Its Name Isn’t Bitcoin

Bloomberg reports: This year’s top-performing cryptocurrency is up more than threefold and you’ve likely never heard of it.


Litecoin, which has gained more than 330% since the beginning of the year, is outpacing all its crypto peers, including Ether and XRP, as well as the best-known and largest token Bitcoin. It has a market cap of about $8.4 billion, making it the seventh-largest digital asset, according to data compiled by Mosaic Research Ltd.


The rally can partly be attributed to Litecoin’s upcoming halving (also known as halvening), whereby the number of coins awarded to so-called miners is slashed by 50%. The idea is that a cut in supply will not only drive up its price but will also prevent an erosion of value. Miners currently receive 25 new Litecoins per block, but following the halving -- which is expected to fall on Aug. 6 -- they will receive 12.5. Full article link via image above


From CCN: John McAfee’s New Crypto Trading Platform ‘Magic’ Goes Live


Coindesk reports: Noted cybersecurity expert and eccentric crypto fan John McAfee has just launched a cryptocurrency trading platform.


Dubbed “Magic,” the site is touted as allowing users to “trade cryptocurrencies on multiple exchanges within a single dashboard, automatically and manually.”

Notably, the exchange appears to be non-custodial, with users’ crypto holdings remaining on eight other exchange platforms. When a trade is executed, funds are transferred from those accounts to complete the transaction. To set this up, users will need to plug in APIs from their other exchanges.


Two “portals” are on offer, one for normal spot trading, the other for “shadow trading,” in which a user’s trades will be set to mimic those of pro-level traders who are “ranked by the community by their trading success,” McAfee indicated in a tweeted image. Full article link via image above


From CCN, Lamb to Slaughter? Visa Follows Zuck into Facebook’s Centralized Crypto


facebook global coin crypto zuckerberg

By CCN Markets: Facebook has managed to lure some big names to support its cryptocurrency endeavor. According to a report in the Wall Street Journal, payment giants Visa and Mastercard in addition to PayPal and Uber have all jumped onto Mark Zuckerberg’s crypto bandwagon. They are each going to pour $10 million into the project for the opportunity to be part of the governance structure of the new cryptocurrency. They even have a name and will be part of what Facebook is calling the Libra Association in a nod to the codename of crypto project.


It’s understandable why payment companies would want to cozy up to Facebook as the social media giant is set to infringe upon their turf. And it’s not shocking that they would look for a way to participate in the burgeoning crypto space. Here’s the rub. They’ve chosen to follow a tech behemoth with an enormous amount of control over user data, which is the antithesis of decentralized cryptocurrencies and the blockchain. While Facebook will reportedly separate its social media platform from Libra, since when does the world take Mark Zuckerberg’s word for something? As we’ve said before but it bears repeating –  a zebra doesn’t change its stripes. Full article link via image above


From NEWSBTC: Cardano (ADA) Leads Crypto Market With Staggering 24% Gain in 4 Days



cardano ada

The past 24 hours witnessed the ADA/USD instrument rising by close to 11 percent — from $0.084 to $0.093. Measure from an intraday top of $0.095, the pair surged by more than 24 percent in the last four days alone, posting daily sessions in green consecutively. In contrast, other leading cryptocurrencies such as Bitcoin and Ethereum showcased a weaker upside momentum.


Shelly, Coinbase Listing Behind Latest Moves?


The Cardano price rise follows a fresh wave of buying sentiment arising from optimistic market fundamentals. The Cardano team last month stated that it is working on Shelly, a core update which proposes to strengthen their blockchain’s prospects of decentralization. The new version reportedly employs a proof-of-stake consensus algorithm that governs individual nodes. Full article link via image above


More news tomorrow, keep your crypto sharp people its a fast moving space ;)

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