Alternative cryptocurrencies born from Bitcoin's (CRYPTO: BTC) success have always been popular choices among crypto investors. Indeed, over the past year, the altcoin market cap has almost increased tenfold, growing to $1.25 trillion.

But with more than 12,350 tracked/listed altcoins out there, it can be difficult to find the diamonds in the rough. So let's look at how these two promising cryptos can add wealth to investors' portfolios.

Image source: Getty Images.

Theta is a next-generation blockchain video-streaming network launched in March 2019. The project's advisors include YouTube co-founder Steve Chen and Twitch co-founder Justin Kan. The idea isn't so different from content delivery networks like Fastly, which power websites like The New York Times, Reddit, and more. However, instead of using central servers to do the job, Theta is a peer-to-peer protocol that enables viewers themselves to stream content for others while earning money.

Here's how it works. First, users watch videos on Theta.tv or those powered by the Theta network and earnTheta Fuel(CRYPTO: TFUEL) as rewards. Then, while they are watching, the network automatically harvests excess bandwidth from viewers' devices and reallocates it to other viewers so they can watch the videos as well. Meanwhile, content creators also earn Theta Fuel for streaming on Theta.tv. The Theta(CRYPTO:THETA)token, on the other hand, is used for governance, like voting on proposed protocol changes.

Major partners on the site include the World Poker Tour, which hosts a 24/7 live broadcast powered by Theta. Before the great crypto sell-off in May, 1.5 million users visited the platform every month. That number is now down to about 477,000.

But now is a good time to buy the dip. Next year, Theta developers plan to denominate its videos into non-fungible tokens and expand the network's utility into decentralized cloud data storage. To do this, it plans to issue another token called TDROP. Overall, I would consider Theta, Theta Fuel (by the way, you don't have to watch the videos to invest in TFUEL), and TDROP all to be enticing investments against the backdrop of an innovative platform. Theta and Theta Fuel have returned 853% and 3,059%, respectively, in the past year alone.

Speaking of decentralized cloud data storage, that's exactly whatFilecoin(CRYPTO:FIL) and its platform were designed to do. In many ways, it is similar toAlphabet's Google Cloud. But again, instead of having a central server database, users pledge their own storage space from electronic devices on the Filecoin peer-to-peer network and charge "rent" for their use.

The total storage capacity of the network is 12 exbibytes, or 13.84 billion gigabytes. That's roughly equivalent to the entire storage space provided by Google Cloud circa 2015.

The end result is a global file storage system where anyone can buy and sell data space. It's especially in demand by companies who need storage space for their customer's information, or blockchain developers who store analytics. Filecoin is the native currency of the marketplace. Over the past year, Filecoin has rallied by a stunning 258% and now possesses a market cap of around $8 billion.

But don't get too excited about its prospect. Right now, the supply/demand dynamics aren't matching up. Even though the Filecoin network has facilitated over 1 million storage deals, it only has a few hundred clients. What's more, total network utilization stands at a mere 0.0286 exbibytes. So there's a lot of people who made their cloud storage data available but not a lot of people are using it. A great deal of "catch-up" is therefore required. It's an innovative high-risk, high-reward coin that's not for the faint of heart.

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2 Fascinating Altcoins to Add to Your Watch List - The Motley Fool

Blockchain analytics platform Santiment says that a memecoin which has soared by nearly 400% over the past seven days could be due for a correction.

Santiment points out that the number of Shiba Inus (SHIB) active deposits is extremely high, which suggests a possible reversal in the future.

Yellow flags starting here. Extremely high active deposits are suggesting that its probably a top forming.

The crypto analytics firm says that even though SHIB inflow to exchanges is not very high, it nevertheless hints that a reversal could be imminent.

Its not very high, we would expect to see much higher. But still its suggesting the same, probably a top forming.

Santiment also says that profit-taking by SHIB traders is low, an indication that traders are betting on the price of the memecoin surging even higher. The firm warns that markets often punish this kind of overconfidence.

potential profit-taking from Shiba is still relatively low, not a whole lot yet.

We would notice that higher price tops are built on lower profit-taking spikes. This could potentially indicate that traders are becoming too confident on price action, like no need to sell, its going to pump more. Market tends to punish this sort of confidence.

Shiba Inu is trading at $0.000034 at time of writing, according to CoinGecko. Since the start of the year when the memecoin was priced at $0.000000000077, SHIB has surged by over 440,000%. SHIB is currently ranked 12th by market cap.

Featured Image: Shutterstock/Giovanni Cancemi/Vladimir Sazonov

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Analytics Firm Issues Altcoin Warning, Says Crypto Asset Thats Surged 393,000% Year-to-Date Is Likely Ov... - The Daily Hodl

Ken Mack made a career out of buying and selling companies before he became a crypto investor in 2017, during a bull run that saw bitcoin and other altcoins reach new highs.

Last year, after seeing an increase in money printing, especially the US dollar, he began investing more heavily into crypto. Bulls like him have recently warmed to cryptos like bitcoin partly because of its capped supply, which contrasts the copious amounts of central bank stimulus being created.

"The millionaires of today are the middle class of tomorrow," Mack said. "With the insane money printing that is going on, [crypto] is the best way for normal everyday people to create exponential levels of wealth and perhaps generational wealth, if things are done in a certain way."

The combination of inflation which many experts including Federal Reserve officials have pegged as transitory with the wave of retiring baby boomers, means that money could rapidly shift to new sectors including crypto. To be exact, an estimated $68 trillion will move between generations within 25 years, according to the research firm Cerulli Associates.

But these aren't the only reasons why Mack is bullish on crypto or evangelizing about the asset class. He co-hosts a YouTube show with another crypto influencer, Coach JV, focused on helping others understand the wealth shift and benefit from the transition.

They both believe that blockchain technology and crypto will be among the leading technology drivers in the fourth industrial revolution, a transition the World Economic Forums refers to as the fusion of technologies that flatten the physical and digital worlds; think of wearables that digitize your workouts, voice-activated virtual assistants, and yes, paperless transactions stored on blockchains, as examples.

These beliefs have driven Mack to become involved in blockchain development. He's an advisor at Node Kapital, a venture fund focused on early blockchain projects, and he has a seven-figure portfolio in crypto, according to screenshots of his Blockfolio and Nexo accounts seen by Insider.

Previously, he made a career out of private mergers and acquisitions. He said at 21, he started buying companies, mainly manufacturing-based ones such as ECP, a Brazilian LED maker. In 2017, he and his team acquired a third-division football club in Spain without any money down. He used so-called leveraged buyouts, which wield the assets of the company being acquired as collateral. He continues to use this strategy to acquire cash-flowing assets today.

Right now, he's focused on the opportunity to trade his way up what he foresees as an upcoming crypto bull run in the last quarter of 2021.

But he stresses the need to be diversified: Even if you are invested across 10 different cryptos, you still need to hold less volatile assets, like real estate and commodities, and have secure streams of income.

"Trading crypto is very risky. I personally have lost a lot of money in the past trading," Mack said. "Time in the market is worth more than money in the market. And the best strategy is to just buy and hold."

One of his biggest mistakes was when he was leverage-trading ether and forgot to decrease his stop loss. He told Insider he woke up the next morning and realized an amount to the tune of six figures had been wiped out of his account.

"These small mistakes can cost people their life savings," Mack said. "Thankfully, I'm only trading with a very small amount of my portfolio."

The crypto market has big swings and has historically operated in a four-year cycle dictated by bitcoin and its halving cycles. The last halving took place in March of 2020, followed by a bull run that tapered off in the first quarter of this year.

Mack notes that September is usually a flat month in terms of price action, something that's currently playing out.

"My technical analysis and on-chain indicators are showing that we are about to enter a bull run, phase two," Mack said. "I believe that this is going to last for about three months. Unfortunately, most people will end up buying the top and selling the bottom. This is historically what happens."

Despite recent news of China banning crypto, Mack isn't worried because he's seen this movie before.

"If we look historically, how many times [China] has banned crypto, I think the market is getting to the stage now where it's not as responsive as it used to be when they were releasing this news," Mack said.

One caveat that could impact the bull run is if the US debt ceiling isn't raised on October 18. Also, an overvalued stock market could pull back if the Fed signals it will slow quantitative easing. These could lead to the "mother of all disasters" and cut the bull run short, he warns.

Otherwise, he's expecting some altcoins to reach their all-time highs in December or January, where bitcoin's price could hit the low six figures, at most (it hit a record high above $64,000 in April). But he adds that if we repeat historic patterns, then it will be followed by a major sell-off, sending crypto into a strung-out bear market .

Because of this, Mack plans on exiting all of his positions in altcoins by the end of the year because they lose 90% of their value in bear markets. And he doesn't plan on buying back until late 2022 or early 2023. He will only keep a 25% position in bitcoin.

He told Insider he'll sell at regular intervals starting in November and exit completely if bitcoin reaches $75,000 to $85,000.

Some estimates suggest that bitcoin could reach as much as $200,000 by the end of 2021. But Mack says the only thing that could drive it to those ridiculous highs is if the US approves a bitcoin ETF.

For now, his signal for the uptrend is when bitcoin breaks through the $52,000 resistance point, Mack said. After, the Fibonacci extension level, which traders use to determine the next price wave following a pullback, is showing $88,000.

Mack also warns that the crypto market is highly manipulated by whales, or those who hold millions of dollars worth of bitcoin. So he also uses on-chain data from websites like Whale Map and Glass Node, which track the price points at which large players are flowing onto exchanges.

He is extremely bullish on ether (ETH) because all of decentralized finance is practically built on its blockchain, requiring the coin to transact. Its recent EIP-1559 upgrade, which aimed to lower transaction fees, also made it deflationary. He said about 50% of his personal portfolio is invested in ether, with the second-largest position being bitcoin.

He's predicting a conservative high of $5,000 at year-end for ether, and plans on fully existing if it hits as high as $8,000.

Elrond (ELGD) is another one of his favorite cryptos because it's highly scalable and fast, with great use cases for enterprise.

He compares it to Solana but because its market cap is lower, it still has 10x potential. He says he will begin to scale out of Elrond if it reaches $400 and will fully exit if it hits $1,000.

Polkadot (DOT) is another altcoin Mack is bullish on. He says it hasn't had its run, but has been his most stable crypto in terms of growth. He's also been earning 12% in passive income on Kraken, where he has it staked.

"In terms of what potential Polkadot has, once they roll out the parachains, it's highly likely that we could be looking at a $70 to $100 polkadot," Mack said. "It's a very strong, very stable project. And, it hasn't had a lot of press."

Because of its scalability, it potentially has exponential growth compared to its competitors. He plans on exiting 25% of his position in DOT at around $75, with a full exit by $95.

He's also holding binance coin (BNB) and believes it's one of the best global exchanges. It previously reached all-time highs of $672 in May. He believes it can easily reach a new high of $1,000 during this run.

He plans on exiting 25% of his BNB position at its last all-time high, another 25% at around $750, and fully exiting at $950.

Finally, a surprise pick is pancakeswap (CAKE). He told Insider it's one of his highest staked earners. His returns can range from 74% to about 77% APY, without locking it into set terms. This is the third largest holding in his portfolio.

"CAKE is also a utility token for the platform, which is one of the most used decentralized exchanges right now," Mack said.

He plans on scaling out of CAKE at around $37 and fully exiting if it reaches its previous all-time high, or around $43.

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5 Altcoins to Buy in the Bull Run, According to Crypto Investor - Business Insider

A closely followed crypto analyst has his eye on a fast-moving altcoin that he says is likely to pull off a 10x or more during the current bull market.

The pseudonymous analyst known as Credible Crypto explains to his 246,000 followers why Convex Finance (CVX) is high on his watchlist.

I am looking for at least a 10x on $CVX from current levels over the course of this bull run and that is conservative. APR (annual percentage rate) for locking $CVX is also now over 50% thanks to bribes.

CVX has quickly become one of my favorite projects and one of my largest holdings.

Convex Finance is a protocol that allows liquidity providers on the Curve Finance decentralized exchange (DEX) to earn trading fees and other rewards without having to lock up their CRV, which is the token that powers the exchange.

Credible Crypto also shares a chart from Ethereum (ETH) analytics platform Nansen which shows large investments flowing into CVX from the wallet of digital asset investment firm Blocktower Capital.

In the last week, CVX has outperformed other big players in the decentralized finance (DeFi) sector, including Ethereum, Solana (SOL), and Aave (AAVE). It is up 33% in the past seven days, and at time of writing CVX is trading at $11.53, according to CoinGecko. It is up 503% from its low three months ago but is still down 45% from its all-time high of $20.89.

Looking at Ethereum, the analyst says ETH has initiated a reversal and he expects a higher low to be formed somewhere near $3,000 before launching to all-time highs.

Reversal initiated. Now give me a higher low and some meme inverse head and shoulder action and lets run it back to new ATH.

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Crypto Analyst Says Fast-Rising Altcoin Will 10x Through This Bull Market - The Daily Hodl

Bitcoin (BTC) price sped up to highs of $55,300 on Oct. 6 as bullishness returns to the market following the prior months slump. Bitcoins surge to highs last seen since May 12 comes amid a series of positive developments. First, the SEC chairman, Gary Gensler in a hearing of the House Financial Services Committee reiterated previous comments made by Federal Reserve chairman Jerome Powell, stating that he has no plans to ban cryptocurrency and that a ban would be up to Congress.

Investors also await SEC approval for a Bitcoin futures ETF as soon as this month. While Bitcoin price rose, stocks were falling as investor concerns about rising rates, higher inflation, the state of the reopening took over the traditional markets.

Alternative cryptocurrencies referred to as Altcoins tried to match up Bitcoins price action, howbeit with many tokens remaining in yesterdays trading trade. Ethereum, the largest Altcoin barely rose to highs of $3,632, up nearly 5%.

Selected tokens such as Shiba Inu (SHIB, +25.23%), Bitcoin Gold (BTG, +13.26%), IoTeX (IOTX, +21.01%), Bitcoin Standard Hashrate Token (BTCST, +97.07%), Badger DAO (BADGER, +45.54%), Hive (HIVE, +54.64%) were significantly up in the last 24 hours.

Shiba Inu (SHIB) extended its move to highs of $0.00002494 today, thus marking the 8th day of bullish action. Shiba Inu consequently rose through the rankings, at the time of writing, SHIB was the 21st largest cryptocurrency by market capitalization.

Bitcoin Standard Hashrate Token (BTCST), a project that collateralized the Bitcoin hash rate with each token representing 0.1 TH/s of Bitcoin mining power rallied nearly 168% to highs of $49.95 on Oct. 6 following the latest increase in Bitcoin hash rate.

A key gauge of Bitcoin mining activity, the hash rate, has recovered from a steep plunge in early July when China began a sweeping crackdown on the crypto industry.

Bitcoins latest breakout past $55,000 seems to be backed by renewed institutional demand. Crypto analyst Will Clemente notes that The amount of Bitcoin supply being HODLed right now is at an all-time high. With Bitcoins float so low, we will see these price moves when there are spikes of demand, especially if these supply dynamics continue.

In the Twitter thread, on-chain analyst TXMC affirmed that Bitcoins current outlook remains strong stating The float supply, shown here as the % of all Bitcoin held by Exchanges + Short-Term Holders, is at its lowest point since January 2017, and has been in a larger macro decline since 2018.

Amid the ongoing bullish action, various calls for Bitcoin price range presently from $57,000 to be hit in the very near term and then $63,000 in October as predicted by stock to flow creator, PlanB.

Cryptoanalyst, Rekt Capital predicts a train of events for Bitcoin price Based on historically recurring #BTC price tendencies across cyclesBitcoin could rally to ~$63,500 in October. Then retrace to the low/mid-$50,000s in November. Then break out to new All-Time Highs

A Twitter user opined that a $100k Bitcoin might come faster than what most imagine, stating IMO, Bitcoin will face only two resistances till it reaches the next major one at $100k. 1-$59.9k 2-$64.5k (last ATH). Note that it can happen literally in a couple of days. Be prepared

Lark Davis@ Crypto lark sees Bitcoin going to 180 to 200k either in late Q4 or early Q1

He continued when this happens your Altcoin gains are going to be beyond what many of you can imagine.

Bitcoin traded at $54,961 as of press time. The expectations of a retracement remain in the short term but analysts expect the dip to be limited in scope.

Image Credit: Glassnode, Shutterstock

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Bitcoin Pumps Past $55K; Hive, BTCST, Badger Rally Amid Altcoins' Consolidation, Here Are the Predictions! - KryptoMoney