Following Chainlink, These Three 4Chan Favorites are Pumping
Everyone who has purchased and held Chainlink at some point in the past two years is patting themselves on the back. Fueled by cooperation with Google, listing on Coinbase, and the collective weight of the 4Chan /biz/ community, Chainlink is the biggest recent winner in crypto, up almost twenty times in the past year.
While 4Chan’s overwhelming support of Chainlink (LINK) has been met with much skepticism, the ERC-20 token that acts as the fuel to the Chainlink decentralized oracle has proven to be the best bet across the entire space this year thus far. Now, speculators and altcoin traders are looking towards 4Chan to find the next big winner- and markets are already beginning to react. Here are the top three 4Chan picks after Chainlink picking up major steam:
3. V-ID (VIDT)
V-ID is a digital asset security and verification protocol built upon the Ethereum network. V-ID is marketed as a simple tool for enterprise corporations to validate and secure items like invoices, legal work, and sensitive files. Additionally, the platform can be used to verify academic certificates such as diplomas on the network. This process takes place via the VIDT token, which is anchored to the files authenticated onto the protocol.
VIDT is already mimicking the price movements of LINK. In the past 24 hours alone, it boasts an impressive 47% gain, and that’s just the beginning of the picture. From lows at the start of this month of US$0.055 to current all-time highs of $0.48, VIDT has seen over eight times price appreciation. However, at a market cap of less than US$14 million, supporters argue this is only the beginning.
2. Harmony (ONE)
Harmony is the latest in a field of Generation 3 blockchain initiatives whose collective goal is to bring about the blockchain network capable of achieving nuanced use on a global scale. Harmony’s mission statement is “Consensus for 10 billion”, and the network aspires to take on the burden of global everyday use by businesses and consumers.
The Harmony mainnet launched yesterday, and the team alleges that Harmony is already of the 15 most decentralized networks. At face value, the network looks like a mashup between ICON and EOS. It represents several shards that each consist of 150 validator nodes. As the network grows, there are plans to increase the number of shards and number of nodes per shard. Following its mainnet launch, ONE is up over 20% in the past 24 hours. At a market cap of just over US$50 million, it’s certainly not an unknown altcoin. But unlike VIDT, it’s only up marginally from all-time low: at US$0.022 currently from a low of $0.017.
1. Fantom (FTM)
Without a doubt, Fantom is the chosen “flavor-of-the-month” on /biz/. However, that’s not to say this is a pump-and-dump, Fantom’s aspirations to become the “nervous system for smart cities” is a legitimate proposition with massive potential. Fantom is not the first cryptocurrency to attempt this, projects such as IOTA, VeChain, and Waltonchain have undergone pilots by various governments in building out smart cities and maturing the Internet-of-Things.
Fantom is not quite as far along as Harmony- it’s still in its testnet phase since the end of last year. However, the Directed Acyclic Graph (DAG) implementation is filling out to take on all the needs of a smart city, and 4Chan has taken notice. FTM is up 15% today, and has been increasing steadily since May. It’s market cap is similarly just over US$50 million, but unlike Harmony, Fantom has already increased ten times since lows in February of this year.