What could have been.
Shakespeare wrote, “We are such stuff as dreams are made on.” A year ago, crypto valuations were stuff from which dreams are made — creating images (and delusions) in our minds of private jets and lambos.
Crypto winter may present an opportunity to buy cheap again: The market has dropped 83% since Jan. 2018. But whoever said it’s good to buy expensive and sell cheap?
During the 1930s Great Depression, stock prices plummeted 90%. One-third of banks failed — but JPMorgan took advantage and bought many of them at firesale prices. (See article.)
No Rewind Button
It’d be nice to own a time machine and buy Bitcoin (BTC) at $1 (Feb. 2011) or Ripple (XRP) at $0.01 (Mar. 2014) — but those days are gone.
Is a turnaround on the horizon? Mike Novogratz thinks institutional investors could enter the crypto space in Q1 or Q2 2019 and provide a much-needed boost. (See article.) Consulting firm Satis Group expects a 50% increase in trading in 2019.
Market Cap Of Privacy Coins
Let’s look at top privacy coins because they’re a key niche in an over-regulated and 24/7 monitored world.
Monero’s (XMR) market cap is currently $885 million; Dash’s (DASH) is $740 million and Zcash’s (ZEC) is $347 million. However, at their peak Monero reached $8 billion; Dash $12 billion; and Zcash $2.6 billion in market cap.
How does Apollo all-in-one privacy currency compare? At $0.0008 our market cap is $12 million. Coincheckup.com lists it as “strong buy” and one of top 10 best crypto investments out of 1,700 coins.
With 4.3 out of 5 rating, Apollo ranks no. 9 on the site based on factors such as product strength, following, and brand awareness. That’s ahead of mainstream projects like NEM (no. 22), Ripple (no. 30), NEO (no. 51), and OmiseGo (no. 56).
Here’s Coincheckup’s ranking of other privacy coins compared to all cryptos:
- Zcash: no. 3
- Dash: no. 6
- Monero: no. 16
The analysis site and industry observers are bullish on privacy. An Aug. 30 study by Satis Group predicts privacy cryptos will see the biggest increase over 10-year period.
Learn more about APL’s extremely robust privacy, super fast times, and comprehensive all-in-one blockchain features. These innovations can drive a much more favorable view of Apollo all-in-one privacy currency.