There is no time like the present as far as crypto investment is concerned. A lot of promising coins are trading at close to all time lows. Bitcoin itself is still trading at circa 30% of it’s all time high. Regulatory decisions around the world are becoming more positive. Coinbase has released an impressive list of projects under consideration. The future is bright.

BTC

The Bitcoin outlook remains positive, the constant stream of ETF applications exemplifies this. Transaction times and fees are less of an issue now. Although it will be interesting to see how Bitcoin handles a high transaction bull run like last January.

The price has been moving between $5800 and $8400 over the last two months. Widespread TA feedback is that $4800 is the theoretical bottom. Of all the coins out there it is still and will continue to be, king.

Target Price – Anything below $5500 is probably a good long term buy

Litecoin

Litecoin has largely recovered from the shock of Charles Lee selling his holdings. He has remained heavily involved with the project. Lee says he sold his holdings because his actions were affecting the price and this was unfair. The Litecoin foundation has purchased a holding in a German bank. They partnered with TokenPay and purchased a 9.9% stake in WEG Bank.

Litecoin is currently trading at circa $55. A lot of the technical analysis I read suggests there is major support at $48. The long term outlook for Litecoin is positive and anything between $48 & $50 is a good long position.

Target Price – $48-$50

Ripple

Few projects are as divisive as the allegedly centralised XRP. Ripple have developed a useful product and generated a further $16.1 million in customer sales in Q1 2018. Ripple’s development team announced five new pilot customers during this period including Western Union, MercuryFX, IDT, MoneyGram, and Cambridge Global Payments. These pilot customers have been proved extremely effective so far in lowering liquidity cost and increasing transaction speed.

Ripple is now priced at $0.29. This is a 10 month low and represents good value. The Ripple project is far developed beyond what it was 10 months ago. Love it or hate it, Ripple is here to stay.

Target Price $0.25-$0.30

TRON

TRON has continued it’s rapid development and announced many new partnerships in 2018. You can pay on Pornhub using TRON and very shortly you can earn TRON for seeding on BitTorrent. Justin Sun has his detractors but he has assembled an impressive team. Lucien Cheng is an impressive CTO. Tron will shortly surpass Ethereum’s daily transaction level. I expect to see TRON adoption continue apace.

It’s current price of $0.019 seems like a serious bargain to me. While it is possible the price will go lower in the short term, the long term outlook is positive. Adoptions wise this is one of the best coins. Technical analysis suggests $0.011 is a possible bottom.

Target Price – Anything below $0.016 should yield a good mid to long term return.

0X

0X aims to solve the liquidity and speed issues of decentralised exchanges. I always favour projects that have a clearly defined goal. 0X themselves do not charge transaction fees but there is nothing to stop exchanges built on their blockchain charging fees. Rewards where applicable are issued in ZRX tokens. The success of Binance Coin is a good indicator for what we might see happen with ZRX.

0X has been name checked by Coinbase as a project of interest. This caused a price run to circa $0.78 when it was announced. It is currently trading at $0.74. An entry at the 3 month low of $0.60 is my target.

Allocations

Allocations are an important step in minimising risk. I will be allocating my funds for these coins as follows;

Bitcoin – 65% of investment funds

Litecoin – 10% of investment funds

Ripple – 10% of investment funds

TRON – 10% of investment funds

0X – 5% of investment funds

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