Hi Folks,

With Bitcoin crossing pass the USD3,500 mark and going to the USD4,000 mark. I think we are out from the bear trend and prices are stabilizing before possibly moving back to bullish trend on the long term.

2 coins which I see are good potential buys at this point as their prices have not make it back to the previous price levels are Tenx and Ubiq.

TENX

The ICO raised USD80m and it soared to a high of USD 580m and started dropping with marketcap at ~USD200m.

Main competitors include: Monaco, Tokencard, Xapo, Wirex and possibly Centra (if its really as good as it is).

Tenx face a roadblock in end Aug17 which saw the price dropping . News being Wavecrest would stop card issuance outside of Europe from 15thOct17. Julian Hosp, co founder of tenx mention they are not impacted and looking to work with other issuers and even possibly a bank next year for card issuance. However, prices have not really recovered from beginning sep17

What we like:

1. Ahead of its competitors in terms of development and cards has been issued and there’s a working app.

2. Weekly development updates to inform holders of their progress. Also we note phone apps Ios App, Android app and web app have all been launched as planned

3. They evolve as part of the incubator program from Paypal. Investors include VC firms such as Fenbushi Capital, ICH family office, Vitalik Buterin and David Lee.

4. Roadmap is aggressive with ambitious plans. Even if they deliver 50% of what is mentioned, the company would be worth much more than its current prices.

What we dont like: Pay is just a utility token that does not give any equity stake. In fact even if the company succeed and deliver per roadmap, ICO investors may get a higher PAY price but zero equity stake. But again its not specific to PAY, as many ICOs due to regulatory reasons only issue utility tokens and token holders have eventual zero equity stake.

Trading recommendation: Wait for price to stabilize at ~USD1.9 and go in for the buy with possible sell off at USD3.0-USD3.5 if you looking for short term returns.

UBIQ

Ubiq provides a stable blockchain to host an Ethereum Virtual Machine. With several more hard forks planned for ETH’s future, businesses wanting to implement applications on an Ethereum Virtual Machine would be subject to frequent updates and the the risk of instability associated with blockchain hard forks. Thus Ubiq provides a stable, enterprise-ready build of the Ethereum blockchain which allows enterprises to build applications on

What we like

This is especially important at this stage with metropolis happening and ETH hardfork in the coming weeks .The simulated hard fork for ETH was executed on 19Sep on Ropsten, the ethereum testing environment, and is expected to run for a few weeks of troubleshooting before the fork occurs on the main ethereum blockchain. The price of this coin is grossly undervalued compared to other forks which include ethereum classic. You can find the link here for an explanation on steemit. https://steemit.com/cryptocurrency/@aj49robertson/ubiq-why-i-think-it-s-the-single-most-undervalued-cryptocurrency-on-the-market-right-now

Trading recommendation: The previous trend is a head and shoulder formation with highs reaching new heights and lows reaching higher lows. Prices has fallen by quite a bit. A good buying level is at USD1.50-USD1.60. We note prices may possibly move higher than previous heights crossing USD3.0 if the head and shoulder formation is intact.

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