Bitcoin
Bitcoin is back above the 53k line, retesting the previous resistance and gaining momentum with volume spoke from that bounce is ideal. The further out the timeline goes into the future, the more confident I am in the appreciation of Bitcoin both as a treasury reserves asset and a retail store of value. There will be lower days and crashes, but long-term I have no worries.
Ethereum
EIP (Ethereum improvement plan) 1559 is scheduled for sometime in July 2020 which likely means a supply cap for the smart contract platform and the London hard-fork. This is certainly bullish in terms of price forecast.
UPDATE: Ethereum miners are planning a revolt and to direct their hashing power to one of the pools which is not supportive of the fork. They would rather maintain their income from mining than to see the greater success of the network.
If you are a miner, current or previously and can direct hashpower at a network that supports EIP1559 hard-fork, I would recommend dusting off those old cards and firing them up for this purpose.
This may lead to an additional hard-fork of Ethereum if the miners can manage to 51% attack the network by redirecting 51%+ of the network hashrate.
Cosmos, Polkadot, Cardano, Avalanche, etc
These are all going to have their moments, and are setting up for their own megacycles as we see increased adoption and buildout of smart contracts. My expectation is that despite some tendencies to overlap and cannibalize one another to some extent, all of these platforms are going to do well.
Cosmos is heating up nicely, and the airdrops for DEX’s and others are becoming more common, make sure to check out the OSMO airdrop if you have been holding Cosmo. Kepler is a browser extension wallet that is a very clean interface and works well.
Polkadot continues development, and the much anticipated Polkaswap DEX is going to go live sometime this year during 2021. Keep an eye on Sora(XOR) as well.
Cardano is getting a ton of good publicity and attention and as such will definitely be a performer with its clean codebase, and less expensive fee structure from inception. The risk/reward for this is much lower since it has pumped tremendously, but with a lengthy enough time-horizon this is a golden-ace.
Avalanche is a great cross-chain bridge and overall platform for contract execution. The Pangolin airdrop has been successful and much greater innovation is still to come. I am very inquisitive and impressed having used the bridge.
HAPI
While it is early for this project, it is a release from the good people of Hacken and HAI. Cybersecurity for defi projects with the many hacks of smart contracts and projects that have to be re-deployed will be a necessary service moving forward. This hit the market and instantly ran over $200 and came back to $80, currently we are around the $120 mark. Our team purchased all over this price-range and have no doubt of its future successes.
NFT’s
The PAINT token will be a monstrous boost to NFT creation platforms, enabling everyone from new users to well-seasoned creators to take part in creation of NFT art. The insurmountable enthusiasm behind NFT’s like artwork and music cannot be missed. This is the solution the music industry wish they had years ago, and utility that we can’t conceive of is on the way.
Hackers have been releasing exploits via NFT, which is a legendarily ingenious idea. While I can see it as a challenge, and increasing capabilities of black hats, it is developing the space even further. (Learn to code, to hack, or to computer to bolster the white-hats)
Job Opportunities
Coders and full-stack developers continue to be the most needed jobs in the industry now, with project management, and marketing lagging behind. As we continue to trickle developers into the space we will see the continued expansion of projects, but the speed of deployment and development is limited by the number of people working in the space.
Interested in learning how to work in blockchain? Check out our previous article about a few skills you may need regardless of your role in the blockchain space.