Our monthly picks have always been proven wrong, but sometimes they are not chosen for being the most profitable, but because they have good potential.
As everyone knows, these markets are unpredictable and going short or long on any of these coins is always the question, especially with all the volatility in the two markets.
The picks to date have been:
*February: Infinite Coin
*March: Spread Coin
*April: Horizon Coin
That’s right, this month’s pick is Horizon Coin. It has the advantage of being sold on two strong exchanges, Bittrex and Poloniex, so it has good volume potential.
After not being the biggest fan of Horizon for personal reasons (What Coin Is This?) – we realized that it could be a decent coin, and have good long-term value for some users on the market.
Before doing any Monthly picks, we always like to check out the web page of the coin, and see what kind of infrastructure they have, and in this case, Horizon Coin has recently launched their own Coin Exchange, and would likely operate with HZ Coin as an interface coin, or pair, similar to how XMR is used on Poloniex.
One would think this would add value to the coin, similar to the way we have seen Monero grow over the past month, where it would have been a better monthly pick than IFC (Infinitecoin), which is paired with XMR on Poloniex, and has suffered a negative in pricing because of the push for holders to get more XMR, and have driven the price of Infinite Coin lower.
Horizon also offers in wallet rewards on loyalty, much like a credit union, where operators own part of the bank, so this seems like another good potential value asset. Make sure to check out Horizon Coin, as it nears the end of the supply rewards cap in the mining sector, the availability shortage on coins may be more pronounced than forecasters who predicted that Bitcoin would suffer from a shortage and price jump. While we haven’t seen this in Bitcoin, it seems like Horizon Coin does have good potential.
Stay tuned for next month’s Editor’s Choice. For now, this looks like it is a good pick since it has the supply cap of 1 Billion, and seems undervalued since it is currently priced to coins with a supply of 10 Billion, which could imply it is undervalued by 10X?
Consider Qora, Verge, Doge, and other coins that have bounced from 15 to 85 Satoshi, doesn’t it seem like HZ Coin would, or should be much higher priced given its limited supply of 1 Billion instead of 10 Billion?
Anyway, we look forward to keeping an eye on this coin to see how it carries itself after it’s new platform updates.