Top Performing Token Basket of the Day
As all signs indicate that 2018 will be the year of crypto baskets, I decided to start a series of weekly token baskets. I will be utilizing the Vectorspace platform, which I find extremely useful and worth sharing.
The cryptocurrency market continues to grow exponentially, since there is a new crypto released pretty much every day. The effect of this “flooding” of the crypto universe entails many advantages but especially disadvantages by increasing the complexity and risk.
All investors and traders out there, dealing with this complexity, who lack the time, knowledge, or patience to sift through hundreds of cryptocurrencies — be sure, there’s an easier way!
One Basket, Many Tokens
For those of you who aren’t familiar with token baskets yet, they are simply baskets that include different tokens/cryptocurrencies, and can be tailored to different kinds of user-based needs. The manual generation of these baskets is both time-consuming on the research-end for the user, and typically not a significant source of profit for entrepreneurs.
Vectorspace Smart Baskets
Vectorspace’s “(…) intelligent dynamically generated token baskets [are]
based on user-selected trends that exist in search, social media and news.” The platform provides its users, “(…) in seconds, automatically generated token basket of related cryptocurrencies, a tradable targeted token basket of cryptocurrencies that all have known and hidden sympathetic, symbiotic and parasitic relationships with one another.” Vectorspace seeks to incentivize and automate the generation of baskets of cryptocurrencies by providing two significant advantages, which extremely reduce
a) complexity by allowing you to snap up a horde of digital assets in a single sweep, without the need to independently manage them, thereby giving you excess time to focus on other meaningful things.
b) spread your risk, diversify and lower volatility while maximizing gains with more safety and stability. Based on Andre Kostolany’s statement, the already dead stock exchange veteran, “Don’t put all your eggs in one basket!”
Simply said, this tool offers effective researchers and entrepreneurs an opportunity to profit from the creation of effective and popular combinations of stocks.
I’ll now show you the ‘trending token basket’ of the day.
Here we go…
Today’s top performing “smart” token basket, based on popularity scoring, sentiment scoring, basket generation, TA filtering and global trends is the smart basket: “Derivatives” [Link]
It includes the following cryptos:
AMB — Ambrosus is a blockchain-powered IoT network for food and pharmaceutical enterprises, enabling secure and frictionless dialogue between sensors, distributed ledgers and databases to optimise supply chain visibility and quality assurance. [Link]
KDC — KDC Coin is an innovative decentralized cryptocurrency incorporating the advanced technologies that tailor the needs of primary market players — users, investors, and business owners. [Link]
HDG — Hedge Project is focused on developing the ideal platform to serve as a backbone for diversification through our flagship products, Crypto Traded Indices (CTIs), and hedging through different instruments. Our platform will enable crypto investors to manage the risk exposure they have on the market confidently. [Link]
LEV — Leverj is a decentralized leveraged crypto exchange that provides solutions to the inherent risks seen in centralized trading platforms. [Link]
RHOC — RChain is a fundamentally new blockchain platform rooted in a formal model of concurrent and decentralized computation. The RChain Cooperative is leveraging that model through correct-by-construction software development to produce a concurrent, compositional, and infinitely scalable blockchain. [Link]
If you want to get your updated trending baskets, simply visit the vectorspace platform [Link].
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