Even though big brother Bitcoin has been incredibly weak for the last few days (more so than the last few month) there are some smaller altcoins on the crypto market which seem to be showing signs of strength in the face of adversity.
While many investors are fearful of what the future holds for Bitcoin and Ethereum smart money is moving into the smaller market cap coins ahead of what could be a bullish summer market.
Smart money always buys low, the dumb money always buys high.
It’s the way the market works.
So which crypto should we be keeping a close eye on?
Firstly EOS is the biggie. EOS is a widely followed crypto which allows its users to build and deploy apps at much larger scale than other blockchains. It’s built on top of Ethereum and is favoured by many developers as the go to blockchain for speed and scale.
Note the price of EOS over the last few weeks. It has not been getting pulled down with the recent falls in BTC or ETH. In fact it has been on a small rally of late.
There is plenty in the pipeline for EOS and could end up being a bargain over a 3 to 5 year view from the current price range.
Next up I would suggest taking a quick look at Factom.
Factom is aiming to disrupt the mortgage industry with its product harmony. A chain which can validate and secure documentation pertaining to mortgages. Users access the data with entry credits in the form of Factoids (the tokens).
This company has a lot going on behind the scenes. Murmurings of multiple blue chip companies who are currently under NDA’s but looking into deploying the Factom system.
They are also just about ready to launch their mainnet M3. Which should make plenty blockchain enthusiasts sit up and take note of their progress.
Over a 3 to 5 year investment Factom could pay back some very handsome rewards. Whilst price has been low it really hasn’t taken a complete battering in the way many other crypto’s have, which shows underlying strength from those who hold.
Put this on your watch list and monitor closely.
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