3 Cryptocurrencies Well-Positioned to Beat BTC Price in Q4 (AMB, BCH, ADA)

This week’s cryptocurrencies market analysis will concentrate on technological advancements in the blockchain space in quarter 4. The analysis will focus on major technological upgrades occurring in quarter four along with Ambrosus (AMB) being a top contender to produce returns well in excess of 100% in the immediate short term.


3 Cryptocurrencies We Predicted Would Rally 

Last Week’s Piece, which highlighted the cryptocurrency GOChain 00, resulted in GO increasing more than 50% in value in the 48 hours that followed. This is similar to TRIG, VIBE, and EVX, which all had rallies in excess of 50-250% following analyzing their short-term developments.

It may be a ‘bear’ market but clearly, but it is showing bullish signs and AMB is likely to be next.

Each cryptocurrency on this list has its own specific reasons from unique conferences to increasing their coin’s utility for their bullish short-term tendencies. This week will focus on AMB, BCH, and ADA, with AMB likely to lead the charge as a cryptocurrency likely to gain in excess of 50% in the short-term.

Ambrosus (AMB)

This week AMB 00 is highlighted as likely to have major bullish tendencies in the short term as they release their upgraded Mainnet 2.0. AMB developers are clearly remaining committed to their project even amid the bear market. Currently, AMB’s market cap is barely over $20 million.

In other words, if it approaches a $100 million market cap, the value of the underlying AMB increases 500% (5x).

With multiple other cryptocurrencies having mainnet updates in the prior months there can be a common occurrence gleamed from watching the cryptos price movements in the days leading up to launch. The coins have a tendency to trend North in anticipation of mainnet release.

As more individuals check the crypto calendar and see ‘news’ they start FOMOing and rush in. The goal is to beat those FOMOing individuals into the alts with upcoming major developments.

Bulls Still Bullish

This week’s piece does not focus on conference developments, or utility developments, but instead on tech developments.

AMB with their Mainnet Version 2.0 being released before the end of quarter four should provide an unexpected surprise announcement (that you’d have to go all the way to December on the crypto calendar to view or be following the project to know). These types of tech upgrades, especially with exact dates unannounced provide a major opportunity for bullish price movement.

AMB has their Mainnet 2.0 being released this quarter but also has developments occurring behind the scenes and major partnerships in the works. A market capitalization of only 20 million, coupled with tech advancements, partnerships, and listings on the biggest exchanges, is why AMB is an attractive acquisition target.

Individuals familiar with AMB’s team have mentioned numerous times how partnerships are planning on being announced by the EOY in either the pharmaceutical supply chain or food supply chain monitoring. AMB is also onboarding many of their core community for internal product testing and development. Major developments are happening within AMB and quarter 4 coupled with Mainnet 2.0 should push AMB even higher.

AMB is a blockchain-powered IoT network, enabling secure and frictionless dialogue between sensors, distributed ledgers, and data to assure product quality. This niche (supply chain monitoring) is one where blockchain will continue to exploit as their transparent nature, ability to track frictionlessly and provide live updates will revolutionize the supply chain and IoT technologies.

With quarter four’s Mainnet Version 2.0 on the horizon it is likely we see a major Northern price trend produced due to upcoming tech advances and partnerships.

Q4 price target prediction: $ 0.60-$0.72 in the short term, approximately 6,000 Sats.

Bitcoin Cash (BCH) 

Bitcoin Cash (BCH) 00 has had a rough summer and the upcoming Bitmain IPO, which was supposed to boost BCH’s price, but has suffered due to swirling rumors about false claims of investors and quarterly sales numbers. However, when the market is ‘doubting’ a coin this is the time to believe in it.

“Be fearful when others are greedy, be greedy when others are fearful,” said Warren Buffet.

Right now the market is fearful regarding BCH, which is why it is time to be greedy.

Regarding BCH’s quarter 4 and technological advancements they have an upcoming hard fork and are participating in Amsterdam’s DevCon October 27, 2018. This hard fork has investors both worried and curious.

The worry and fearfulness are overpowering the curiosity resulting in BCH falling more than 50% against BTC since the beginning of summer.

The Bitcoin Cash fork is occurring because two of the biggest mining groups (by hash power) have split thoughts on the future of BCH. One group wishes to introduce atomic swaps intending to make BCH the most scalable, extensive, and utilizable blockchain, while slowly moving BCH away from a currency used like ‘cash.’

The other group wants BCH to remain as close to “Satoshi’s Vision” as possible while remaining a true ‘digital currency.’ These visions are clearly competing leading to what amounted to a Twitter argument between two huge hashing groups of BCH (and a BCH price correction).

An upcoming hard fork coupled with attending major technology conferences are two reasons why BCH may increase in value against BTC even if it does not outpace top contenders like AMB.

BCH has major tech upgrades coming in quarter 4 with the possible hard-fork. If no fork occurs this will settle investor’s nerves and likely also lead to a BCH price rally. The Bitmain IPO, which has seemingly been forgotten, is about to occur. Between conferences and the Bitmain IPO, the community and BCH awareness should increase significantly in Q4. Conferences, Bitmain’s IPO, and a hard-fork are all quarter 4 catalysts for BCH.

Q4 price target prediction: A minimum of $600 by the end of quarter 4 and a 20% increase in value (Satoshis) against BTC.

Cardano (ADA) 

Cardano 00 has the least impressive tech upgrades on this list but it has some very important things going for it in quarter 4. It is a front-runner (along with BAT) to be listed next on Coinbase.

If the price movement of the prior two coins listed on Coinbase is a hint, an ADA listing will boost its price significantly in the short term. ADA is also being fully integrated in November into the Metaps Plus platform.

Metaps Plus is a fintech company that has a specialized point of sale (‘POS’) payment system. They are based out of Korea and have over 30,000 offline stores already using their POS system. Although ADA is not undergoing a tech upgrade, being introduced into the Metaps payment platform significantly increases ADA’s utility. Adding utility adds the most value in the crypto space and through integration into a new POS system ADA is ensuring they remain relevant, at least for the near future.

The integration of ADA into Metaps is supposed to be completed in November. This provides the next ten days as the perfect time to do research on ADA and whether or not they are likely to succeed in the short and long term.

With a Coinbase listing seeming imminent coupled with being added to an already functioning POS system in 30,000+ stores; ADA seems to be a Top 10 Cryptocurrency primed for growth in quarter four, compared to Bitcoin BTC 00.

Best Chances for Short-Term Gains

Even in this bear market, some cryptocurrencies have produced returns greater than Bitcoin, despite BTC’s resurgent dominance to boot. Based on potential tech advancements in Q4, AMB is poised to produce the highest returns, in my personal opinion.

#REKT? Not With Bitcoin! Yearly ROI On Largest Cryptocurrency Still Tops 150%

However, when Top 10 cryptocurrencies by market cap also have major advancements in the next few months it is important to target ‘safer’ options as well. BCH and ADA have important events occurring in the quarter 4 that make them more relevant and likely to gain in Satoshis against BTC.

Crypto is a high-risk marketplace and cryptocurrencies with smaller market caps like AMB should see the highest returns against BTC in the immediate short-term.

AMB may see price movement in excess of 100%. It is much less likely that ADA and BCH will see that type of movement due to larger market caps. However, upward price trends from all three are likely as they each have important Q4 updates.

To read the King’s prior articles, to find out which ICOs he currently recommends, or to get in contact directly with the King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports). The Crypto King is the founder of ANON and does actively trade cryptocurrencies.


Images courtesy of Shutterstock

Ethereum Devs Reach Consensus to Delay Constantinople Hard Fork Until January 2019

Ethereum (ETH) core developers have reached a consensus to delay a planned hard fork of the protocol until January 2019, in a meeting Friday, Oct. 19.

The fork, dubbed “Constantinople,” was first trialed on Ethereum public testnet Ropsten on Oct. 13, and had been slated to be activated on the main Ethereum blockchain by the end of Oct.-Nov. this year. A testnet is essentially a simulated version of the primary network that allows developers to try out smart contracts or upgrades without having to pay “gas” (computation fees) for their execution.

Towards the end of their hour-long meeting yesterday, the devs finally reached a consensus that the Constantinople will at “the earliest” come in late January 2019.

During the meeting, one dev quipped it might be less controversial, or “political,” to change the term for the transition from “hard fork” to “update.”

Yesterday’s meeting followed after Constantinople’s debut on Ropsten Oct. 13 had run into a series of hurdles; ahead of its activation at block 4,230,000, the fork stalled at block 4,299,999 for two hours, with testnet miners failing to activate the transition. Ethereum client developer Alfri Schoeden explained at the time this was due to “a consensus issue” that had triggered a “three-way fork” between Geth and Parity (two Ethereum clients).

In notes published ahead of yesterday’s meeting, Schoeden outlined that “[r]ecently added hashpower caused reduced blocktimes and caused this hardfork to happen much earlier than expected on a Saturday,” which he suggested is “by all means the worst time for a hardfork.”

He pointed to the fact that the fork happened just six days after the latest Geth client release, and 1 day after Parity’s, leaving users without sufficient time to upgrade. The devs also discovered a consensus bug in Parity, according to a “post-mortem” posted to the “Fellowship of Ethereum Magicians” earlier this week.

Schoeden noted that “not a single” user was mining the Constantinople chain, hence the two-hour delay to start processing block 4,230,000. Moreover, the community does not currently have a testnet fork monitor, he said, aside from http://ropsten-stats.parity.io, which “does not reveal details about the different chains.”

In light of the issues, developer Hudson Jameson picked up on another dev’s “good” proposal during yesterday’s meeting, which would be to “regularly spawn and min[e] temporary testnets to test transition into Constantinople […].” On a “baby” testnet, Jameson considered, “if something goes wrong we’ll know it pretty quickly.”

As previously reported, the Constantinople hard fork is is a system-wide Ethereum update designed to increase the network’s efficiency, and notably includes plans to reduce block rewards for miners, as well as to introduce changes to the network’s consensus mechanism that would make it more resistant to ASIC miners.

As of press time, Ethereum is trading at $203, up around 1.4 percent on the day.

AltcoinToday.com

Photo via Shutterstock.

Source: Cointelegraph

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Wendy McElroy: Crypto Anarchism and Civil Society – The Technology is the Revolution

Wendy McElroy: Crypto Anarchism and Civil Society – The Technology is the Revolution

News

The Satoshi Revolution: A Revolution of Rising Expectations
Section 5: Saving the World Through Anarchism
Chapter 11, Part 3
Crypto Anarchism and Civil Society. The Technology is the Revolution.
by Wendy McElroy

Not only is democracy mystical nonsense, it is also immoral. If one man has no right to impose his wishes on another, then ten million men have no right to impose their wishes on the one, since the initiation of force is wrong (and the assent of even the most overwhelming majority can never make it morally permissible). Opinions—even majority opinions—neither create truth nor alter facts. A lynch mob is democracy in action.

–Morris Tannehill, The Market for Liberty

The simplicity of anarchism is stunning: live and let live. Do not use force against those who also pursue their own lives.

Most people are anarchists in how they conduct daily life with family, associates, and strangers. Whether or not law enforcement is present, most people behave peacefully, and being violent never occurs to them. It is not a police presence that makes people wake their children for breakfast or greet their neighbors on the sidewalk. Legislation does not persuade them not to murder strangers. Civil society does. It manifests the natural harmony of interests between human beings as they interact and separate to pursue their own self-interests.

Violence is the greatest obstacle to the functioning of civil society, especially violence in the form of a state. Just as society consists of individuals cooperating to achieve their own goals, the state consists of individuals who use force for the same purpose; they want wealth and status without earning it. That’s the key difference between the two forms of social organization. With cooperation, both sides benefit from an exchange, or else it does not occur. With violence, one side benefits at the expense of the other; it is might versus the right of people to enjoy their own bodies and property.

In order to continue the flow of unearned benefits, a state must continue to use force or the threat thereof. A successful state does two things: it institutionalizes violence; and it mimics civil society by monopolizing valuable services that would otherwise exist commercially and competitively, such as the adjudication of disputes. The monopoly itself is an act of violence against competitors and so-called customers. The two maneuvers allow the state to embed and to legitimize its power. Individual consent is gradually replaced by state coercion, and the principles of civil society are slowly eroded.

Individuals are vulnerable to the institutionalized and well-organized violence of the state. This is a paradox. The state exists only because individuals produce wealth that it confiscates and regulates. How does the impotent state retain its control over the power of individuals? Why don’t people say “no”?

Part of the answer is the centralization of state violence that intimidates people into the mockery of ongoing cooperation that is called obedience. State violence is centralized into institutions that coordinate the control of society; that is, they control individual exchanges and whatever benefits result. By contrast, individuals are decentralized; most people go about their own business and sleep in their own beds at night. They band together in larger homogeneous groups only when there is an advantage to doing so, such as producing goods or enjoying community. Banding together—centralizing–against state violence means that the violence has become egregious enough for people to disrupt their own lives and risk injury in order to oppose it.

Modern technology is more than a game changer in this dynamic; it is a game reversal. Cryptocurrency epitomizes this. The state centralizes control of wealth through institutions, such as central banking, and a monopoly on the services they provide. Crypto decentralizes the locus of power down to the level of individuals; it gives them back control over their own exchanges. Remember: civil society is the cumulative exchanges of the individuals within it; the state is the cumulative use of force to control those exchanges. Technology returns individuals to the conditions of civil society without a need to relinquish its benefits or to fear violence from the state.


Decentralizing The Revolution

Civil society is empowered and state violence is rendered impotent by three revolutionary steps, each of which occurs due to a radical decentralization of power.

Encryption returns privacy to the individual. Strong cryptography is the antithesis of the massive data collection that states rush to establish. Centralized data allows the state to regulate every activity within a society; gradually, society and the state merge into one unit called the total state. But individuals who control their own data can control their own lives.

The impact of this decentralization is much more than economic. It does more than deprive the state of taxes and other forms of revenue. The technology is a political revolution in and of itself. Consider one example. Modern technology—from encryption to the blockchain to 3-D printers—obsoletes the geographical borders that define a state; namely, a state is the organization that claims a monopoly or jurisdiction of force over a given territory. Its jurisdiction is defended through harsh border policies and tariffs, as well as through military force, if necessary or opportune. But what happens when individuals can leap continents at will to conduct the daily business of exchanging information and wealth? What happens when they do so without permission and privately, simply by pressing a button? Borders become meaningless. How long before states follow suit?

The founding crypto anarchist, Timothy May, considered the boundary-breaking feature important enough to be the opening paragraph of his pivotal 1994 work “Crypto Anarchy and Virtual Communities.” May wrote, “The combination of strong, unbreakable public key cryptography and virtual network communities in cyberspace will produce interesting and profound changes in the nature of economic and social systems. Crypto anarchy is the cyberspatial realization of anarcho-capitalism, transcending national boundaries and freeing individuals to make the economic arrangements they wish to make consensually.”

Technology sidesteps trusted third parties. The state exerts control through monopoly institutions with which individuals must comply if they want to participate in what remains of civil society. The central banking system is an example. In partnership, the state and the banks create money and monetary policies that are enforced by draconian laws; some nations punish counterfeiting with death. The money monopoly offers the state more than economic benefits, such as taxation and inflation. The data collected by banks is a mainstay of social control in two ways. The information and detailed records of every financial transaction are shared with the state, which uses it for social control. Those who eschew the banking system, along with those who are denied access by the system itself, are shut out of important aspects of civil society and from “services” offered by the state; they become secondary citizens. This, too, is social control.

Again, peer-to-peer technology is a game changer here. It sidesteps the trusted third party problem by providing banking services without an intermediary. Individuals become self-bankers, who exchange wealth through their own wallets and an autonomous network. If sophisticated monetary exchanges are desired, then a self-banker can hold an amount in a decentralized and reputable exchange for as long as the transaction requires. Privacy is maintained, and control of specified wealth is temporarily relinquished in exchange for a benefit. This is as close as crypto comes to needing a trusted third party. And, ideally, the decentralized exchange is worthy of trust, in the same manner as a private lawyer who facilitates a contract.

Bypassing unwanted intermediaries was the intent behind the blockchain. Satoshi Nakamoto announced this feature in the first lines of his 2008 White Paper, “Bitcoin: A Peer-to-Peer Electronic Cash System.” Satoshi wrote, “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required…”

Freedom no longer requires consensus or groundswell support. This is a comparatively unacknowledged aspect of crypto’s revolutionary impact: the decentralization of revolution down to the individual level. In traditional revolutions, masses of people take to the street after being convinced of the need to rebel. A crypto revolution does not require the centralization of political awareness or resistance within crowds of people who become powerful enough to confront the state. Decentralized individuals can free themselves, one by one, even if they remain a small minority. The more individuals who choose digital exchanges and decentralizing technology, the greater the impact on society will be.

But crypto will never appeal to everyone. Nor should it. The diversity of human beings is too vital and productive to be reined in. The beauty of a radically decentralized revolution is that it succeeds on an individual level; it has no need for consensus rebellion in the streets or collective action at the ballot boxes. Just as crypto anarchy sidesteps trusted third parties, it also bypasses the traditional means by which individuals can achieve freedom.

Everyone can be a self-banker. Everyone can be a self-revolution.


A Mystery Is Solved

The vision of crypto anarchism makes sense of what must be a mystery to many observers: Why did the creators of crypto, the blockchain, and associated technology release their inventions for free? Why was highly-valuable technology thrown to the wind and dispersed like seeds? It was not because crypto anarchists didn’t realize the technology’s potential. Quite the opposite. They saw it clearly.

Crypto anarchists believe that enabling others to control their own lives is an unalloyed “good.” Each person’s peaceful freedom benefits that of everyone else. It creates the community and world in which the crypto anarchists wish to live. The crypto revolutionaries released the technology in the same manner and for the same reason that people teach others how to read. Literacy enriches both individuals and society as a whole. It is not possible for a cynic to explain why the the incredibly valuable phenom of crypto was given away for free. It is a trivial task for idealists.


The State’s Main Chance 

Violence. Violence is how the state maintains itself; it is also the main hope to defeat the threat of crypto freedom. To do so, the state needs to convince people that crypto is the violent factor. Then, the state must convince people that it is what stands between them and “anarchy,” in every bad sense of that word.

There is a grain of truth to the statist claim. All societies contain violence because it is an aspect of human nature. With crypto, the violence is overwhelmingly expressed through fraud and theft. “How can the damage of violence be reined in and rectified?” is always last question asked of peaceful anarchism. And, then, discussion is closed down. It is now time to consider how law enforcement and a court system could be provided by the free market.

[To be continued next week.]

Reprints of this article should credit bitcoin.com and include a link back to the original links to all previous chapters


Wendy McElroy has agreed to ”live-publish” her new book The Satoshi Revolution exclusively with Bitcoin.com. Every Saturday you’ll find another installment in a series of posts planned to conclude after about 18 months. Altogether they’ll make up her new book ”The Satoshi Revolution”. Read it here first.