Whilst everything in crypto is a bloodbath, one cryptocurrency in particular has been holding steady very well, even making some gains. I am talking about ChainCoin (CHC), a relatively unknown cryptocurrency that is starting to make waves. Although the coin seemed at the end of it's life, ChainCoin has seen a sudden resurgence in price that, despite Bitcoin and alt-coin crash, seems to push on through. Since the beginning of this month when it was traded at around 3000 satoshis, the price has now increased to by almost 1000% as it is creeping past 30000 satoshis.
ChainCoin is a cryptocurrency coin originally created back in 2014 for anonymous transactions. It's originally a fork off of Dash and despite Dash taking the headlines with X11, ChainCoin pioneered a similar technology before Dash did.
What interests many investors is the opportunity to acquire one of the masternodes in the network. Owners of 1000 CHC (about $700 at current pricing) have the option of locking the coins down into a masternode to add to the strength of the network. For this they receive a residual income - each masternode is paid out in CHC from the block rewards, as well as from transaction fees.
At current prices running a masternode will make the owner approximately $1.50-$2.00 each day, or about $45-60 a month. In theory you would make a return on your investment from the extra profit alone in about one year. At this moment a ChainCoin masternode is still the cheapest masternode on the market, well within reach of smaller investors.
Considering you can also choose to keep your extra income and potentially reinvest in more masternodes, this quickly becomes an interesting proposition for an increasing amount of investors who are seeking to weather out the storm that the market is in.
It becomes even more interesting when you consider how much potential this coin has to grow. The current market cap is only $10 million and growing. As others invest and jump on-board, supply is being locked up in masternodes and taken out of the market and Supply vs. Demand dictates prices must go up when the supply goes down. For each and every new masternode, therefore, the price will slightly rise and increase residual profits even more as the price per coin rises. It is the ultimate coin for people who 'hold', and therefore offers significant strength against pump & dumpers.
For this particular cryptocurrency, investors definitely have taken notice. More and more people are flocking and a thriving community reminiscent of Doge in it's early days is forming based around community spirit and the 'HODL lifestyle'. The race to buy as many ChainCoins for as cheap as possible is on, as whales continue to set up buy and sell walls to thwart eachother. Considering the incentives there are to holding as opposed to selling, this coin has already been dubbed as 'the ultimate HODL-coin', and HODL-memes are spreading like wildfire. Even smaller investors have taken up this hold-mentality, and many seem to have formed a trust-based alliance with the masternode owners and are willing to hold on to their coins instead of selling for small profits. Word in the community is that this coin's actual value is actually going to be closer to that of Dash. On the dream of potentially making 50x, 100x or even more gains, the incentive to 'HODL' becomes even stronger. Fewer and fewer are willing to sell their coins for pennies, as they realize it's true value will end up possibly being triple digits. It's clear: Something definitely is brewing, and when the community gets behind something, small miracles can occur. After all, the only reason Bitcoin is worth as much as it is is because people believe in it. And belief about ChainCoin definitely is spreading. Is this a self-fulfilling prophecy? Despite having multiple chances to dump the price has remained on a stable and growing path, indicating that accumulation is taking place. Chart is looking healthy and strong.
The news is spreading and the hype is on. If a single ChainCoin indeed ever reaches a price of, say $100, then owning a single masternode could net an income of about $6000 a month. Not bad, for a $700 investment. I have had serious doubts at first, but after researching the potential and community, I am now also a believer. This is definitely a coin to buy, and HODL. As always, cryptocurrency trading is inherently risky and investing in an even lesser known alt-coin such as ChainCoin is even riskier. At the time of writing, www.cryptopia.co.nz is the only trading platform where trading of CHC occurs. I do not recommend investing your life's savings into this. But I do recommend that you take a tiny portion and get in early, and see where this goes. If nothing else, atleast you may weather the endless downtrend every other coin seems to be in. Whilst everything else was down 20%, my money was safe in ChainCoin.
Are you going to invest in ChainCoin or are you already HODL-ing? Let me know!
Also, please spread the word and upvote or Resteem my post. It would be good, especially for smaller investors, to know of this interesting opportunity before all the ChainCoins get gobbled up by the big players (!).
Are you going to join the HODL-movement?
Fellow Hodler in Morocco here and its true! This coin and it's movement has the potential to help many lives worldwide! Thanks!
Chaincoin is the way to go! Get your master nodes cheap, while you can. HODL!
Hi cryptogirl! this is Cricket from the team slack. I think I was blocked from the channel by mistake. Could you please reinstate the status? Thanks! my nickname is "cricket"
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I just don't want to die without a few scars. Lets make a difference for god sake!
Great read thanks. Keep it up. Hodl.....
We're really changing the game family. #HODLUMINATII . Chain coin is poised to really make everyone very happy. Big ups to Max.
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STOPInteresting. About the master nodes... how do you arrive at $6,000? Can you explain the math behind that? Seems like a good wad of cash to roll every month... something that everyone might want to consider getting in on.
Currently earnings at $0.70 per CHC are $1.66 last I checked. If the price per CHC were to arrive at, say, $100 that would be a 143x increase. If daily income is $1.66 that would also increase since it is paid out in CHC, which would come to approximately $6000. That is, of course on the high end. On the other side, Dash was $200 each not long ago, and that is very similar to this coin and also has masternodes.
I'm HODLING for the long run. I managed to get a masternode this last weekend before the price exploded. I woulnd't have been able to afford the masternode at the current price. Setting this sucker up on a vps today. It will already generate $340 a month in passive income. Masternodes are the way to go!
My chaincoin advice is outdated, I no longer support investing in it as the movement behind it turned out to be short lived.
As for Ethereum, it's looking very good. I in fact got some today because I think it's going to break through all time high.
As an investor though I generally stick with smaller cap coins. Ethereum needs 35 billion extra to double, but something like NEO will double with as little as 2 billion extra investment. In some cases, a couple of million will do it.
So I see Ethereum is a safer pick but also with a lower profit percentage possible. Ethereum will definitely go up in the future, but it may not go 100x like some smaller coins will.
What do you think about the potential of master nodes of others Altcoins?
or just simply select a few Altcoins with small cap and see if money will go into them?
I would not recommend either of those choices. Usually the masternode coins which are promising for the future will be worth a lot of money so it will be out of reach to get a masternode for ordinary people.
Any masternode that is cheap enough to get, is usually for a coin that is not likely to go anywhere in the future.
I am assuming you like masternode coins because they give residual income, and in which case I would like to point you to some other coins which provide income/dividend for holding them which do have a future.
I would take a pick from those options. All of them should do payouts regardless of how many you own. My favorite atm is NEO.
My advice is to steer away from any coin that is not in the top 30 if you are new. If you are intermediate, you may want to try out coins that rank lower for more profit all the way down to 60-70. But beyond position 60 in the top 100, there is a LOT LOT LOT LOT of projects that sound great but will likely not be adopted and fade into obscurity. Don't take it with a grain of salt when people say these are HIGH HIGH risk.
P.S. I expect pretty much all of the top 30 coins to survive in the future and probably be worth more than today.Can't say the same for beyond the top 30.