Long-Term Crypto Buy Alert: Add These 2 New Altcoins To Your Portfolio
We are adding VeChain (VEN) and 0x (ZRX) to our long term hold. VEN offers a way for shippers to track products using the blockchain and 0x is a decentralized exchange protocol that answers the problem of centralized — and therefor highly vulnerable — exchanges.
We particularly like that VEN has deals with PWC and Kuehne & Nagel, the world’s largest freight company with yearly revenues of almost $21 billion that accounts for a tenth of the world’s air and sea freight business and employs 63,000 people in 100 countries. We like as well that VEN is backed by Jim Breyer and Accel Partners — not exactly “dumb money.”
VEN also appears to be in good with the Chinese government, which is extremely positive, considering the Chinese have made life difficult for many companies and coins. NEO is the leader in that regard, but VEN seems to have received the green light as well, having done a deal with a Chinese tobacco company.
And we think the time has definitely come for the 0x protocol. Dencentralizing exchanges is the hot topic in crypto because it offers greater security for users, among a host of other benefits we’ll get into at a later date. 0x is a decentralized exchange protocol for Ethereum’s ERC20 tokens, which is critical to the crypto ecosystem right now. We also like that 0x has a great management team and is very well positioned to grow as an important piece of crypto infrastructure in 2018.
Finally, we’d like to point out that a dip in the market has its positive aspects. The biggest upside to this down market we are currently experiencing is that it’s given us much better entry points for these coins. That said, we urge you to remember, as we’ve advised on numerous occasions, sound money management discipline and a dollar cost averaging approach will be more important in the long term than finding any “hot coin” to piggyback onto. Those who lightened when we advised to do so and then dollar-cost-averaged into the ensuing dip are in good shape today, and their portfolios should be positioned nicely for gains ahead, even as the markets remain choppy.
Action To Take: Buy VeChain (VEN) and 0x (ZRX)
Buy From: Binance Exchange and Bittrex
Play the game, don’t let it play you!