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Looking to Buy Ethereum? The Future May Hold Serious Potential

Daniel Chase

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The Return Of The Crypto

Bitcoin (BTC) became an overnight sensation last year when the price of one bitcoin (BTC) reached an all-time high of $19,783.06 in December 2017, and over the last 24 hours, cryptocurrencies have channeled the same energy. Bitcoin added 2%, trading above $6,600 for the first time this year, with bitcoin cash, the fork of bitcoin created last year, adding 13% as well. Analysts attribute this growth to Bitcoin bull and CEO of Overstock, Patrick Byrne’s fandom over cryptocurrency. Back in 2014, Overstock (OSTK), Amazon’s (AMZN) key competitor in domestic markets, starting accepting bitcoin (BTC) as a payment method for their site. Byrne has said, for some time now, that society is on the brink of a crypto revolution in response to the collapse of our current financial framework.

“People turn to it where they collapse, like Venezuela or Syria, something like that…When people start getting into it is when their own financial systems collapse. So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree Ponzi scheme, I do expect that the day will come when people turn to crypto.”
-Patrick Byrne, Chief Executive Officer, Overstock

Humoring Byrne’s foretelling of the death of current financial systems is still a hypothesis until proven factual. In the interim, investors in the crypto space are gearing up for the potential revolution detailed in Byrne’s prediction by ramping up efforts to mine cryptocurrencies, most notably Ethereum (ETH).

Ethereum (ETH)

Similarly to Bitcoin (BTC), Ethereum (ETH) is a public blockchain network. However, whereas bitcoin serves the purpose of supporting a peer to peer electronic cash system, the Ethereum (ETH) blockchain was designed to run the programming code of any decentralized application. Instead of mining for bitcoin, Ethereum (ETH) miners earn Ether, a crypto-token used to access the open source network. Amid positive trends in the cryptocurrency market, Ethereum has gained 3.7% in the last 24 hours, indicating to investors that now may be the right time to buy ethereum (ETH).

Ethereum is on fire in the crypto market, and the heat will potentially rise faster than Usain Bolt versus a local 5th-grade track team. Investors in the crypto space are witnessing a coin that has the potential to triple in value this years according to Ethereum co-creator Steven Nerayoff. Businesses across a myriad of sectors are recognizing the value ethereum’s (ETH) platform offers. Nerayoff attributes the success of his coin to its programmed ability to process transactions at a faster rate than bitcoin (BTC).

“What you’re seeing with ethereum (ETH) is a exponential increase in the number of project — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably tripling in price by the end of the year.”
-Steven Nerayoff, Co-Creator, Ethereum

Ethereum is currently trading at $216.30 per coin after a miraculous upswing from the dip below $200 in mid-October. The coin’s resistance-breaking performance last Sunday indicates the crypto market is once again highly volatile and ready for a close-up, Mr. DeMille. Investors interested in buying ethereum (ETH) may rest easier knowing that the coin has remained clear above the $200 resistance level since Sunday.

Based on market cap, ethereum is ranked second among cryptocurrencies which means that investors looking for profitable opportunities are analyzing cryptocurrency price predictions to determine if they should buy ethereum. Ethereum’s (ETH) “smart contracts” function of their platform has enticed corporations to invest in the platform, thus increasing the price of the coin itself. Given the coin’s practical applications for businesses and its underlying usage, crypto analysts believe ethereum may rise above other coins.

“People are actually using it for currency, as well. Lower transactional costs are increasing the usage of the entire network, and that’s increasing the network effects of it. There are more suers, more projects being built on there and more programmers.”
-Steven Nerayoff, Co-Creator, Ethereum

Investors looking to get involved in buying ethereum, or cryptocurrencies in general, need to consider several factors. First of all, you need to consider the coin’s usability as well as its application. This base-level understanding is crucial to determining and predicting the appreciation value of coins in the crypto market. In the case of those looking to buy ethereum, investors should know that the coin largely differs from other currencies in the space because of its potential use-cases.

Ethereum’s (ETH) ability to separate itself from the pack, in terms of usability, enables the coin to offer conceivable gains in the near future.

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Biotechnology

Biotech Stocks To Watch In June: Cara Therapeutics (CARA) & Intellia Therapeutics (NTLA)

Jon Phillip

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Among biotech companies, the competition between Cara Therapeutics Inc (CARA) and Intellia Therapeutics Inc (NTLA) has been an intriguing one. The two companies had been on the same level as far as the market cap goes during most of the year so far.

But Cara has now pulled ahead by as much as $150 million following positive data from its lead product candidate. That being said, it is also important to keep in mind that if an investor is looking at a long term investment, then the disparity in market cap between the two companies is a minor. Here’s a look at the pros and cons of Cara and Intellia.

Cara Therapeutics (CARA)

Cara Therapeutics is currently on the rise. Its lead product candidate Korsuva injection delivered highly encouraging results in its Phase 3 trial. It’s now believed that it would not be long before Cara has its first product on the market.

[NEXT] Biotech Companies Are Driving Innovation…See Which Ones

It is meant for the treatment of moderate-to-severe chronic kidney disease-associated pruritus. According to reports, the results were great. Another late-stage test is going to be conducted soon. The results could be announced by the end of this year. If Korsuve is approved, then it will be marketed by Fresenius Medical Care and Vifor Pharma Group.

Cara has entered joint ventures with those companies to market the product in the United States, Japan, and South Korea. An oral version of Korsuva is also in the pipeline and could prove to be another important development.

Intellia Therapeutics (NTLA)

Intellia Therapeutics (INTA) is involved in creating CRISPR gene editing therapies. It is a segment that has a lot of promise in the future. Even though the company is some years away from having anything on the market, the promise of gene editing therapy is exciting. So much so that Intellia has already found partners in big-ticket firms like Regeneron and Novartis.

Intellia is expected to file for FDA approval for the clinical study into its lead product NLTA-2001 in 2020. It is meant for the treatment of transthyretin amyloidosis, an uncommon genetic disease. Studies into the products have proven to be promising so far. The company is also working on a product to treat myeloid leukemia.

Now when it comes to choosing between Cara and Intellia, experts believe that the former could a better company. It’s already on the verge of having an approved product on the market. Intellia, on the other hand, is likely to be some years away from winning approval.

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Featured

4 Security Penny Stocks To Watch

A. Lawrence

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As Threats Arise, Security Stocks Take Center Stage In 2019

With the Federal Reserve’s meeting coming, the general market is bracing for anything. Meanwhile, penny stocks are continuing to climb at absurd rates. Trading penny stocks as of late has brought many investors fruitful profits and they look to continue this trend. Here are some security penny stocks to watch for the remainder of June 2019:

Security Penny Stock #1
Liberty Defense Holdings (SCAN.V)
Market Cap: $46.404M

Liberty Defense Holdings Ltd. (SCAN.V) is a security company looking to take the industry into the next century. Liberty’s HEXWAVE product is a 3-dimensional scanning device that can detect weapons and threats of any kind. The product can do this both with speed and discretion ensuring privacy for citizens.

Liberty signed a Memorandum of Understanding with the soccer team FC Bayern München to beta test HEXWAVE in their arena. They join an ever-growing list of places that have signed MOU’s to beta test Liberty’s product. This MOU expands its ability to comply with and test the market requirements for their product internationally.

“The reception to our HEXWAVE product has been fantastic and we are excited about working alongside FC Bayern Munich, a team that is a household name in both Europe and North America, […] Our ability to deploy in both indoor and outdoor settings, with covert and overt applications, sets us apart and has also been driving increasing interest from the market.” 

Bill Riker, CEO of Liberty

Security Penny Stock #2
Magal Security Systems (MAGS)
Market Cap: $101.371M

Magal Security Systems Ltd. (MAGS) provides security solutions both online and physical. Some services provided include identifying potential security problems, integrating new systems, and custom designs for any type of security needs.

Recently, Magal received a $5.5 million contract for its advanced perimeter intrusion detection system. The system prevents people from illegally crossing border fences and walls.

Dror Sharon, CEO of Magal, stated, “Magal is a world leader in perimeter intrusion technologies. Our growing wins of orders such as this – providing sensors for active international borders, is due to the decades of experience that we have in providing systems that have more than proven themselves in-the-field.”


Security Penny Stock #3
Rekor Systems (REKR)
Market Cap: $27.502M

Rekor Systems Inc. (REKR) is a company that has developed surveillance technology to enhance public safety, banking, and traffic management. Primarily, the company takes their advanced software, which utilizes machine learning and upgrades IP cameras to the next level. This reduces the cost when collecting highway tolls and helps manage traffic congestion.

REKR stock chart

Throughout June, Rekor Systems has been gaining recognition and application across the US. On June 3rd Rekor obtained a contract to start deploying its Mobile LBR-2 vehicle recognition systems. After this deployment on the 3rd, the LPR-2 system North Carolina law enforcement placed an order. On June 12th, Colorado highway authorities chose Rekor’s cloud system called NUMERUS to read enhance their license plate reading.


Security Penny Stock #4
BIO-key International (BKYI)
Market Cap: $18.03M

BIO-key International Inc. (BKYI) is a security technologies company that is pushing past the limits of fingerprint scanning. BIO-key provides a plethora of finger scanning products that provide security for your computer, hard drive, and the government. They have a partnership with Microsoft to develop biometric sign-in for Windows 10.

The company recently announced that a foreign defense ministry ordered more BIO-key deployment for secure access to Microsoft applications.

“We were delighted that such a capable and prestigious technology team determined that BIO-key met their security and scalability requirements and have now made follow-on investments to grow their user base.  Defense Ministries are constant targets of cyber-attacks, and we are glad to help them step up authentication to the highest assurance with NIST-verified accuracy and FIPS compliance.”

Jim Sullivan, SVP of BIO

security stocks
Disclaimer: Pursuant to an agreement between MIDAM VENTURES, LLC and Liberty Defense Holdings Inc. Midam was hired for a period from 04/15/2018 – 5/15/2019 to publicly disseminate information about Liberty Defense Holdings Inc. including on the Website and other media including Facebook and Twitter now extended through June 21, 2019. We were paid $350,000 (CASH) for & were paid “0” shares of restricted common shares. We may buy or sell additional shares of Liberty Defense Holdings Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. FULL DISCLAIMER HERE

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Stock Price Pre Market Update – June 19, 2019

Joe Samuel

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Big Investments Are Signaling The Green Light For A ‘Hot Market’ With Cancer-Fighting Stocks

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Healthcare Penny Stocks To Watch

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