Serban’s Crypto Picks: BUY Theta & Chainlink

Theta $THETA – As explained in the latest Alt market update, we need to build our portfolio around the bigger marketcap coins for now – they are the ones that will rally once people move their profits from ETH&BTC into the alts. That said, Theta is one coin with massive potential and already huge growth in the last months. I’m buying more of this between $11 – $11.7, setting a SL at $10.2 – $10.4 and looking to take profits around $22 – $24; for those more risk averse, $16 is a good place to take out your initial investment and leave your profits in for longer term. Theta is a fantastic project that is disrupting the video content delivery networks and already has huge backing from the likes of Samsung, Sony, Google and others.

Description from Coinmarketcap: Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.

Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.

Chainlink $LINK – Chainlink has had a great run for the last year, as it’s the go to oracle for other projects that are looking to bring outside world information into the blockchain. LINK is a top10 coin that’s hungry for more based on our Technical Analysis. Our entry levels are $31 – $32, setting a tight Stop/Loss at $26.5 – $27. We expect Chainlink to start a rally taking it all the way to $62 – $73. You can take profits along the way wherever you’re comfortable above $45, if you don’t want to ride this into price discovery, therefore reducing risk.

Description from Coinmarketcap: Chainlink (LINK) is a decentralized oracle network which aims to connect smart contracts with data from the real world. Chainlink was developed by Sergey Nazarov, with Steve Ellis as the other co-founder. It held an ICO in September 2017, raising $32 million, with a total supply of 1 billion LINK tokens. LINK, the cryptocurrency native to the Chainlink decentralized oracle network, is used to pay node operators. Since the Chainlink network has a reputation system, node providers that have a large amount of LINK can be rewarded with larger contracts, while a failure to deliver accurate information results in a deduction of tokens. Developers describe LINK as “an ERC20 token, with the additional ERC223 ‘transfer and call’ functionality of transfer (address, uint256, bytes), allowing tokens to be received and processed by contracts within a single transaction.” Following the 2017 $32 million LINK ICO, 32 percent of LINK tokens were sent to node operators to incentivize the ecosystem and 30 percent stayed within Chainlink for development (35 percent were sold in the public token sale).