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2018 has been disappointing compared to 2017. The bear market has been running at full capacity and most cryptocurrencies have lost more than eighty percent. Bitcoin has started to separate itself from many cryptocurrencies including those that have some of the biggest developments of 2018. WAVES, TRX and PAL are three cryptocurrencies that have persevered in the bear market. These three projects exceeded expectations and even demonstrated an important decoupling from BTC.
PAL, WAVES and TRX cryptocurrencies uncouple
Even during the bear market, there have been important events in many cryptocurrency projects. PAL, TRON and WAVES have all had major developments as many cryptocurrency projects were imploding.
TRX (Tron) which as of 31 December 2017 was not among the first 15 cryptocurrencies had a very important year for development. The TRX team burned 1 billion tokens and launched its mainnet in May. The mainnet was further developed the following month with the release of Odyssey 2.0.
Odyssey 2.0 is thought to be a public blockchain that supports decentralized applications. TRX also announced a $ 100 million gaming fund to increase the development and use of TRX in games. These developments during the bear market talk about the TRON team and their dedication. Their founder, Justin Sun, is a straightforward, polite, molded supporter who has been a great leader for the TRX project.
WAVES (Waves) was the most important cryptocurrency regarding the uncoupling from BTC. Bitcoin price 00 he fought for the first few months after correcting over forty percent this month alone. WAVES is the fastest self-proclaimed blockchain platform with real-world solutions for trading on decentralized exchange (DEX) and the management of smart contracts.
Instead of correcting with most of the market following lower BTC, WAVES has actually increased from $ 1.45 on November 14 to $ 2.35 per currency as of December 14th. What is most impressive is not the increase in the value of the dollar, but the WAVES range from 25250 Satoshi to 72138 Satoshi during the same period. Increasing almost two hundred percent compared to Bitcoin even if BTC fell almost fifty percent.
PAL (PAL network) would be considered the "cryptocurrency" of the cryptocurrency in this list due to their limited market capitalization. WAVES is ranked # 22 with TRX which is positioned at # 9 by market capitalization. PAL's market capitalization at just under $ 2 million is less than 1/100th of WAVES and 1/400th of TRX. The multiple aspects that make PAL worthy of note.
They have been selected by over 60 participants to be part of the PayPal incubator. Their launch on the mainnet was moved until the end of December, three months ahead of schedule. PAL has collaborated with major projects such as NEM, QTUM, DGX and MEDX. Their CEO and founder Val Ji-hsuan Yapwas was present in Forbes Asia 30 years 30. Having less than $ 2 million in market capitalization was interesting, but meeting deadlines for months with a senior CEO is worthy of Note.
The cryptocurrency markets were unhappy to look at if they had long been in blockchain, ICO and BTC projects in 2018. Those who were short on the market enjoyed a nice ride but all the tides turned into the end. While 2019 addresses projects that have neglected market conditions and have continued to persevere it should be the focal point of HODL.
PAL (PAL network)
With a market capitalization of less than $ 2 million and an impressive volume, PAL seems rather intriguing 00. At the beginning of this year, the PAL team was selected among three others to be part of the PayPal Singapore incubator. This prestigious recognition and notoriety of PayPal demonstrate the long-term connections of PAL in the Asian region. PayPal has been impressed enough to include them in their incubation program, but why?
The CEO and founder of PAL, Val Ji-Hsuan Yapwas received the Forbes Asia 30 Under 30 award. This award from Forbes further completes the notoriety provided to this cryptocurrency by PayPal. It seems that technology and notoriety behind PAL are mainly in Asia, even if their blockchain model tends to focus on the United States. Both Forbes and PayPal were interested in PAL and their founder / CEO.
Winning deadlines in a bear market means that the team is very busy. Originally the PAL mainnet was scheduled to go live in the first quarter of 2019. This date has been moved until the end of December. If the history is repeated, cryptocurrencies have a tendency to orient themselves towards the North in value as their mainnet approaches. The early release of the mainnet months of PAL demonstrates the confidence of the team on their platform.
Partnerships create utility and awareness of the project in the blockchain space. PAL has not surprisingly collaborated with many important key projects. The most important are NEM, QTUM, DGX and MEDX. The importance of the partnerships of PAL will be determined following their launch on the mainnet depending on the use of the PAL network by the partners.
With important partners, an exceptionally important Founder and CEO, a team dedicated to winning deadlines, an early release on mainnet, selected by PayPal and Forbes, and with a market capitalization of less than $ 2 million, makes PAL a worthy acquisition target known for 2019.
TRX (TRON)
Recently, TRX has returned to the Top 10 of Cryptocurrencies by market capitalization with some impressive news from the bear market. The TRX company recently announced a $ 100 million gaming fund. Providing this financial support to develop dApps on the Odyssey 2.0 blockchain demonstrates your company's commitment to the platform. This amount of financial support will clearly determine the adoption and development on the platform. It is very surprising that TRX is able to commit this amount of money during the bear market. It seems they are ready for the development of dApp in 2019 and perhaps an important adoption.
In May, Tron launched his mainnet. Odyssey 2.0 aired in June while TRX burned 1 billion coins. These 1 billion tokens were valued at $ 50 million at the time of the burning of tokens. The most important developments for TRX throughout the year were the combination of mainnet and Odyssey 2.0. TRX has remained true to their roadmap even with markets that offer difficult conditions to stay positive.
The CEO of the TRX company, Justin Sun, is a very important figure in the cryptocurrency space. He is the founder of TRX and has guided his community and his project on a well-planned journey so far. He recently stated that he would "save" the ETH and EOS developers from their failed platform. This is probably part of what he had in mind when he announced a $ 100 million development fund.
With a very progressive and active founder combined with a team that has met and exceeded the deadlines throughout the year, it is worth keeping a TRX eye.
With a market capitalization of over $ 800 million, TRX has the highest market capitalization on this list. Their price for cryptocurrency is currently 00. However, with a capitalization of 800 million dollars, there are really impressive technological developments. Their TPS (transactions per second) is far higher than that of Ethereum at 2000 TPS.
WAVES
The most noteworthy aspects of WAVES last month were their decoupling from the price movement of BTC. It has been common for most cryptocurrencies to head north or south with BTC. However, the most recent projects have become more independent of the Bitcoin price movement. WAVES was one of the market leaders in this decoupling.
The price of each WAVES cryptocurrency has risen from $ 1.45 a 00 the previous thirty days. The increase of Satoshi is an even more exciting paradise, from 25.250 Satoshi to 72.138 satoshi during the same period. The price of BTC and most of the altcoins in the cryptocurrency market has plummeted the previous month. However, the WAVES have tended to rise in terms of dollar value and, most importantly, BTC value.
WAVES is at the same time a decentralized exchange and a platform of smart contracts. They are proud of their speed, but what intrigues me the most is their multi-faceted platform. Many cryptocurrencies are created for a single purpose. The WAVES platform has evolved into something far more than just a decentralized platform or simply a platform for smart contracts. Being multiform as a cryptocurrency has allowed WAVES to move north, while most of the smart contract platforms underperformed BTC as it went south in recent weeks.
WAVES has a market capitalization of $ 252 million and is ready for a strong 2019 following the decoupling from BTC in previous months. Being multifaceted, WAVES can be rotated when a company (ICO) is undergoing regulatory changes to focus on its DEX. WAVES has a market capitalization a hundred times higher than that of PAL, as their platforms are much more developed.
Looking at 2019
The cryptocurrant bear markets tend to last from one to two years. Bullish markets have statistically lasted less than 3 months. This means that the bear market is not necessarily finished. However, cryptocurrency markets as a whole have generally pumped as halving approaches and passes. The half-life of the BTC is less than 540 days.
Markets may not become bullish tomorrow, this week or even this year. However, it is very likely that the public will expect it less, to become the most bullish.
The cryptocurrencies that focused on BUIDLing during this bear market period will likely be those that will continue to exist and prosper through the next upward rush.
[Disclaimer: This views expressed in this article do not reflect the views of Bitcoinist and should not be taken as financial advice.]
To read the previous articles of Crypto King or to get in touch directly with him, you can do it on Twitter (@JbtheCryptoKing) or Reddit. The king is the founder of ANON and actively markets cryptocurrencies.
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