It's been a while since we delivered a Coin Picks post. The recent bear market made it seem like it wasn't really worthwhile. When the market is behaving like it was, no matter what the project is doing, it's not going to perform particularly well.
Likewise, when a full-on bull market is in swing, it can seem at times like almost any project is going to perform well.
Still, it's important to make sure you are choosing projects with a good team, good background, good community around them, and large potential to grow.
The information provided here is for informational purposes only and should not be seen as investing advice. Our opinions on this site are only that, if you are considering an investment into cryptocurrency or anything we speak about on this site, please advise a trusted financial professional first, before doing so.
The following five projects are examples of ones we believe will grow well over the medium to long term, which generally means "over the next few months".
Some of them may perform well on a much shorter timeframe than this, but we're not picking these as quick flips, and we don't want to cause a pump and dump either.
Equally, a couple of our picks have recently gone up in price, but we still feel they have a lot of upside and a long way to go, so we're comfortable picking them.
In no particular order, here are five projects we have high hopes for in May 2018 and beyond.
The first DEX on the Neo blockchain, and one of the only places to trade certain NEP-5 tokens, Switcheo has impressed us steadily since it launched. The team are actively working on the exchange and performing upgrades on an almost daily basis. Volume has steadily increased as well.
Volume is never easy to gauge accurately with exchanges, many of whom we feel manipulate their numbers, but there is definitely an increase in attention and hype around this project.
Will it be overshadowed by the launch of Nex in the near future? Possibly, but it will also continue to grow as the Neo ecosystem grows, and the early-mover advantage it has will also be a benefit.
One of our biggest regrets the past few months is not picking up and SWH tokens during the ICO. We planned to, but it sold out much faster than we expected. Our bad!
Since the ICO, Switcheo has risen steadily in price, but we still believe it has a long way to go.
We actually recommended it to our mastermind members back when the NEO/SWH price was 0.0005, and it has since risen to 0.0008. Next time it has a minor correction or pullback, we suggest picking some up.
Matrix Ai Network (MAN)
Matrix is one of those under the radar projects that many people missed at ICO, and many more people will end up buying much later, when its price soars.
In short, it uses machine-learning and AI to make smart contracts faster, easier, and safer. Since most people can't program, this is a project that should help mass adoption of smart contracts in the future.
The price of the MAN token has risen sharply since they announced masternodes over the past few days, but there will be a correction, and we still feel this project is massively undervalued. It has only recently crept into the top 100 on coinmarketcap, and could rise anywhere from 10x to 100x from here if the team is able to pull off their projects and their One Belt partnership.
If you want to read a frothy report on Matrix AI, check this one out: https://hackernoon.com/matrix-although-youve-never-heard-of-it-is-the-next-10000-ico-here-s-why-920492238596
THEKEY is a personal identification project, much like SelfKey and a few other projects. The difference is that it is closely involved in the Neo ecosystem, and their technology is already being tested and used in several Chinese cities.
People love the idea of Chinese projects, and they love the idea of Chinese projects that are working to help the Chinese government use Blockchain. TKY ticks all those boxes and then some.
In their most recent newsletter, they pointed out that TKY's technology is already being used in hospitals in the Chinese "smart city" JiaXing. This is just a small example of some of the things they're doing.
TKY is also an important player in the Neo ecosystem and complements Neo and Ontology well, and we all know how well those projects perform.
The Key seems to be a project that has good news, partnerships, and real-world use cases coming out every day, yet still doesn't soar in price.
While other projects can reach the moon off the back of rumors and underwhelming partnerships, NEO/TKY tends to trade between 0.0002 and 0.0003 on Kucoin, regardless of how much good news comes its way.
We don't believe this will last forever, and sooner or later the good news and partnerships WILL reflect in a price surge. Perhaps all it would take is for the coin to get listed on Binance.
Oh, and their testnet will likely launch in May or June this year too.
Bibox Token (BIX)
This is more of a sleeper pick.
We've seen the crypto exchange Bibox grow slow and steady since the start of the year, but its token price has remained stable since it dipped in the bear market in January. Right now, Bibox exchange is ranked #14 on coinmarketcap for 24h volume, yet it still seems relatively unknown compared to other exchanges like Kucoin (which is only ranked #32).
If you look at how well Kucoin Shares and BNB have performed, it shouldn't be hard to imagine Bibox will increase in value too. It's worth noting that Bibox token is more like BNB than Kucoin, as holding it doesn't earn you more tokens.
Still, we feel there's a more than reasonable chance that as Bibox grows in popularity as an exchange, its token will appreciate in value too. As we can't say for sure that this will happen though, and we are more bullish on Decentralized Exchanges than centralized ones, that's why we consider this a sleeper pick compared to others.
When crypto betting project DecentBet had its ICO late 2017, there was a lot of hype and a lot of high expectations around this project. Since then, the token has fallen below ICO price and hasn't really recovered since.
This is a shame, because as a project, DBET is still just as promising as it was before ICO. They've not done anything wrong to cause their token price to fall, it's just one of those things in crypto.
Guess what though? DBET are due to launch their platform in May, and they'll share their profits with token holders. If that doesn't cause a large price appreciation from here, then nothing will.
We're confident that Dbet is a solid pickup for now.