The Paradox of Valuing Cryptocurrencies & my favorite projects

Since I have been in the cryptocurrency market, it has been interesting to see how different projects are valued. Since cryptocurrency is new, a lot of traditional marks of value in a financial assets or currency don't apply, or aren't utilized in the same way. At the end of the day something is valued in crypto, what the community deems its' value at. IE: what someone is willing to pay for it and what someone is willing to sell it for.

I have seen people use daily transactions, adoption, potential, hype, development team, and many more artificial or fanciful markers. The truth is at this stage, each project is worth to someone what it's worth to someone. That sounds stupid, but many of these projects and currencies are so new, it is up to what an individual thinks is valuable.

Now for some of the largest cap currencies, adoption, stability and technology are more indicators of value, but even then the top currencies stay mostly stagnant, with only small shuffles in order.

Coming Soon

As some of these projects mature, I think a more warranted evaluation of value will find these projects. Many in the top 100 right now will go down burning once this revaluation happens and the direction of the market/technology will become more clear. For me, I look for projects that mean to build a ecosystem around the consumer. We have seen nation development move from producer to consumer driven economy. Now that many developed nations are consumer driven, I think the next step is to make each consumer their own economy. As each consumer becomes their own economy, it adds freedom, flexibility and innovation. On this basis, I would like to put forth my favorite projects.

The individual consumer will become the center of the economy

EOS

Say whatever you will about this project, and Block One. Many decrie EOS as a scam, fraud, or too ambitious. To me, this project is exactly the type that could bring blockchain mainstream. The speed is incredible, as the early dapps have no latency time. Project funding is well thought out and deliberate. With a war chest of a couple billion dollars, Block one is able to target and pay top developers to work on EOS.IO. No other project, even Bitcoin has the talent and funding liquidity that EOS does right now. Eos strives to build a ecosystem around each unique user.

Dan Larimer, who I think is the most innovative and forward thinking person in cryptocurrency put it like this,

• We have to develop blockchain products that are better then existing products and whoever bridges that gap first, will be the apple or Mircrosoft of cryptocurrency.

He has his head in the right place.

BAT (Basic Attention Token)

This project was created by the co-creator of JavaScript and Mozilla Firefox and aims to disrupt the internet browser system. Instead of internet browsers using and stealing information on you, while slowing your speed by placing ads and trackers, BAT wants to create a ecosystem around the user. They have already rolled out and have a functioning browser called brave. I use it myself and it's great. No advertisements anywhere and super fast. Brave enables the user to enable Brave ads, in which publishers will pay you in BAT token to view their advertisements. Users then have the option to keep those tokens or distribute a certain amount to their favorite publishers and content creators. The concept is genius and the execution has been great. The browser already has 4 million monthly users and growing fast. Brave payments is moving out of beta phase.

This project is serious and in my opinion one of the most undervalued tokens on the market.

DASH

My favorite "payment method/store of value" cryptocurrency. The DASH team is aggressive with adoption and with fast speed and privacy, I see it continuing to be one of the best currencies out there and in my opinion is severely undervalued in the market today

Patientory

My low cap dark horse. The market cap of this coin is 3 million. Despite that, they have a robust team that has been actively making progress on their product. Which is.....wait for it, devloping a healthcare ecosystem secured and facilitated by blockchain. Their app will be coming out in the store soon, and that will give me a much better idea of how serious this project is. It is flying under the radar in my opinion though and I don't think many in the crypto space understand how innovative and great this project is. If it functions as advertised, users won't even realize they interacting with a blockchain, or notice a difference.

The problem may not end up being the product, but traction in the market. I'm signed up for the app once it comes out, but we will see. This is a very high risk project. The ecosystem will accept both DASH and their token PTOY

Everyone in crypto has their "religion" their tokens or projects they swear by. These are some of mine, (including steem), if anyone disagrees or has some of their own, love to hear about it in the comments.