Brief Intro

The aim of this article is to introduce you to a project that is gaining traction fast. I’m not going to spend too much time explaining about the team and the finer details of the project, because that is your responsibility and I have placed links below for that. In brief; Blockport is a platform similar to Coinbase, which fills the void of helping new investors into the world of crypto. It allows people to follow the portfolio of successful traders with whatever percentage of their own portfolio they choose. It is better than Coinbase, however, because it will enable users to buy crypto with fiat and fully own that crypto, utilizing a hybrid-decentralized solution. Users own their own private keys. As Blockport are partnered with ARK they plan on utilizing the ARK chain for this functionality. Their bounty project filled up faster than they anticipated, all actions were one-click and racking up bounty points was easy even for newcomers. Blockport’s token sale ended days ago, it was scheduled to span over four days but sold out in minutes. Each token sold at ~$0.30. It is currently ~$0.70 with a market cap of $35,000,000.

Why am I impressed with BPT’s price movement?

1. Easy ICO profits aren’t guaranteed anymore

The days of investing in an ICO and automatically netting a 100% profit when it hits markets are running thin. There are plenty of suspicious ICOs around now and some legitimate ones that are sitting at less than their token sales valued them, which will most likely correct when the markets rise again, but still worries new investors.

2. Upward movement in a downward market, bullish.

The market has been sideways at best for the last month. With the exception of a few, such as NEO that are still steadily pushing up against BTC. A jump from 0.30 to 0.70 wouldn’t ordinarily be seen as significant crypto gains but what impresses me about this jump is that BPT is managing 70% jumps in 24 hour periods during an otherwise sideways and downward market. Once the downward pressure of bitcoin is relieved in the following months, it will further fuel BPT gain acceleration.

3. Rapidly growing social following

I’ve been following Blockport’s Telegram since before the sale and have watched the members jump from a 3-4k up to 10.7k. This is a significant indicator to me that there is a huge amount of confidence in the team’s ability to deliver. Most of the projects that I am casually following on Telegram are not increasing in number half as fast.

4. The product already exists

Simple. Blockport already have an alpha version available for use that looks better polished than some of the exchanges I have traded on. The fact that a product already exists was part of my reasoning with COSS, despite any negative press about it, there was a working product. Blockport looks further on than COSS already and they appear to work fast, in the short term Blockport looks to catapult.

When is a good time to buy BPT?

If you are waiting for an entry point with this one, anywhere below $5 will reap huge potential gains. BPT has a lower max supply than most crypto investments, roughly 69,000,000 – which means the price per BPT is likely to skyrocket and fast.

In the short term (end of Q1, probably sooner) BPT should hit a market cap of 175,000,000 which values each token at ~$3.5. At that price BPT would still be a small market cap investment, with plenty of up scope through the year.

When BPT hits 1,750,000,000 market cap (where KCS is right now, rank 34 on CMC) the token will be worth roughly $35. I say when, with this one rather than if because my confidence in the speed at which the team are delivering is higher than ever.

Afterthoughts

Near the end of last year, a lot of new money flowed into the markets, and it jumped on every coin that was under $1. Throughout this year, smarter money will be flooding the market and coins with a low total supply, and working products such as this will be highly sought after.

It’s our duty as investors to spot potential price rises in the near future, not pumps or market manipulated movements. I look to hold my positions for at least a year and I don’t recommend day trading. The last time I had a feeling like this was with COSS, when it was sitting at $0.06 I was screaming ‘buy buy buy’ and those of you that did are now sitting on a very comfortable profit. Especially if you sold some off at it’s previous high of nearly $3. My end of year prediction for COSS is still significantly higher than it’s current price, so don’t panic sell your COSS for BPT, but BPT does offer a safe diversification option.

I always like to make sure I am investing in something that hasn’t been mentioned in the crypto groups that I follow. It is harder to invest in something when you get there before the masses, because no one is telling you that it’s a good idea but that’s where I have made some of the largest gains. In a couple of months, if you see BPT appearing too often in reddit or other social media, it might be a safe time to take some profits and re-invest when it dips after the social pumps.

I always recommend you find out as much as you can about a project before you invest.

If you are interested in reading more, here are some links for you: