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Forks can be useful for cryptocurrency space. This is specifically true when adding the desired attributes to the underlying cryptocurrencies. In many cases, the forks do not bring any benefit but are the result of infighting.
Chaos of cryptocurrency: BCHSV and BCHABC
Cryptocurrencies dealing with infighting and hash wars should be avoided while coins that reach targets with miniscule market capitalizations should be accumulated. Following this logic, both Bitcoin Cash forks should be sold, while the YOYO project deserves an important recognition. YOYO is a HODL, while BCHSV and BCHABC are both instantaneous FODLs.
"BTC is the new stable currency", was the resounding declaration of the previous month. Just as the entire cryptocurrency market predicted stability from the market leader, it lost more than 10 percent in less than 48 hours. Many have speculated on reasoning, but it seems clear enough to those who have done some research.
Bitcoin price analysis: Bitcoin will bite?
Bitcoin money [BCH] 00 fork sent the market on tilt this week. Now that the BCH fork has concluded, it seems that the same fork that created the market panic has shown bullish market signals.
Let's start with the beautiful ticker symbols: BCHSV and BCHABC.
How can someone take someone seriously when they say "BCHABC is the original BTC". The sentence is almost ridiculous. When the parts that tore apart from BTC were working in tandem to try to be the "original BTC", they had a chance. Although a small possibility, the one that existed. Now having forked their fork, neither the Bitcoin maximalist nor the novice cryptocurrant trader will believe that BCHSV or BCHABC is the "original bitcoin".
Could it be a possible winner for a short-term trade? Of course, however, with regard to long-term utility, nor does it solve a BTC problem 00 it has not yet been solved and neither has communities like the original BTC.
With the discussions raging about a hash war between the two new BCH chains, it seems that neither is the "right" choice in the short term.
To capitalize on the market rebound that could occur due to this week's oversimplification, the small caps of the major stock exchanges should be targeted.
A cryptocurrency that clearly meets most of the investor guidelines with a market peak on major exchanges is YOYO.
YOYO (YOYOW)
YOYO, is an intelligent acronym of "You Own Your Own Words". YOYOW operates under the ticker symbol YOYO 00. The concept behind YOYO is very simple; you are the owner of what you create. The content that a user creates deserves to be rewarded.
What makes YOYO a unique acquisition target, especially during this week's correction are multiple:
- Confirmation speed of 3 seconds compared to 10 minutes of BTC.
- A throughput of over 3,000 transactions per second.
- The first blockchain authorization login.
- Network governance for token holders.
- The total current offer is equal to the total supply.
- This means that all coins are in circulation and it is unlikely that the team can "download" to the market during the main price changes.
- The market capitalization is less than $ 7.5 million and is traded on more than 5 major exchanges.
- 2018 Q3: the Dapps have been integrated.
- 2018 Q4: token function optimization, authorization function, block and dividend function.
- 2019 Q1: enable content prizes.
There are almost 10 reasons that make YOYO a short-term acquisition target while distributing their content premiums at the start of the next quarter. A confirmation speed of a few seconds means that your cryptocurrency can be sent anywhere and received before a sentence can be completed. Being able to process 3,000 transactions per second means payment for the content provider that will be well ahead of the curve.
YOYO intends to be the first blockchain with authorization login. This feature will separate YOYO from most other similar content platforms. Those who hold the tokens of any cryptocurrency appreciate being able to help rule the platform, this attribute will be implemented for YOYO imminently.
YOYO's market capitalization of less than $ 7.5 million makes it a mature target for rapid growth as any substantial news or meeting of maturities will push the market capitalization exponentially higher.
Despite the bear market, YOYO continued to integrate Dapps by developing its incentive and incentive platforms. This quarter has the implementation of many of the characteristics of the YOYO coins. This includes their characteristic of authorization, blocking, dividend and governance.
It does not seem that the BCH fork has added any value to the cryptocurrency space, but instead created a 48-hour correction. Due to the lack of added real value or utility, BCH forks should be avoided.
YOYO is a project that deserves attention diverted to unnecessary forks and market corrections.
Search YOYO to outperform during any rebound in the coming days and through the possible bull run.
[Disclaimer: This views expressed in this article do not reflect the views of Bitcoinist and should not be taken as financial advice. Also, this is the first time the word FODL has been used (opposite of HODL)**]
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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