I've been following Bitmark (BTM) for awhile now, it's a project that really interests me. BTM is one of the smallest coins currently traded on poloniex. With a market cap of $3.6 million it's currently ranked #159 on coinmarketcap.com. From a technical analysis point of view, I see a picture perfect cup and handle formation on the 1 day chart - which is a very similar pattern to what I saw in VIA a few months ago which lead me to a recommendation BUY on VIA back in March. In my opinion we have a breakout following a cup and handle on increase volume and at this point I believe it's possible to not only test the previous 6 month high of .00052 but potentially test the 1-year high in the .0008-.0009 range.
For those who aren't familiar BTM is a project that is centered around "marking" or providing reputation points to people on top of their blockchain. The marking system is best known on poloniex, which is where you can send users /marks as a way to add to their reputation. The higher their reputation, the brighter color pink they are within the trollbox. One of the reasons I really like BTM is because knowing it's used within the poloniex system, I can't imagine they would ever delist the coin as they seem to do every 3-4 months with the smallest, lowest traded volume coins. I'm not saying BTM is immune to the risk, but anytime we talk about a low volume coin you do have to weight that concern into the risk. BTM also is working on what is best called a digital "passport" which is a ID tool that carries your reputation score from site to site, similar to how you can have feedback on ebay or even poloniex for that matter. I really like the idea behind this tech, although it's a ways away from being implemented.
Looking ahead, BTM is a few weeks away from their bi-annual conference to discuss the upcoming roadmap. BTM is developed on a volunteer basis and the developers conjure (if that's the right word) every 6 months to discuss future development. The last time the development team got together we were not even beginning this INSANE bull run that we've had in the altcoin market. Fast forward to May of 2017 and it seems every week another group of coins are doing a 1,000%+ return. By no means am I predicting a 1,000% return on BTM but what I am saying is that I do believe the market is going to react very strongly to the newly updated roadmap that should be coming out sometime in June. With that being said - I am buying today and planning to hold at a minimum until the new roadmap is released in June.
For those who aren't familiar BTM is a project that is centered around "marking" or providing reputation points to people on top of their blockchain. The marking system is best known on poloniex, which is where you can send users /marks as a way to add to their reputation. The higher their reputation, the brighter color pink they are within the trollbox. One of the reasons I really like BTM is because knowing it's used within the poloniex system, I can't imagine they would ever delist the coin as they seem to do every 3-4 months with the smallest, lowest traded volume coins. I'm not saying BTM is immune to the risk, but anytime we talk about a low volume coin you do have to weight that concern into the risk. BTM also is working on what is best called a digital "passport" which is a ID tool that carries your reputation score from site to site, similar to how you can have feedback on ebay or even poloniex for that matter. I really like the idea behind this tech, although it's a ways away from being implemented.
Looking ahead, BTM is a few weeks away from their bi-annual conference to discuss the upcoming roadmap. BTM is developed on a volunteer basis and the developers conjure (if that's the right word) every 6 months to discuss future development. The last time the development team got together we were not even beginning this INSANE bull run that we've had in the altcoin market. Fast forward to May of 2017 and it seems every week another group of coins are doing a 1,000%+ return. By no means am I predicting a 1,000% return on BTM but what I am saying is that I do believe the market is going to react very strongly to the newly updated roadmap that should be coming out sometime in June. With that being said - I am buying today and planning to hold at a minimum until the new roadmap is released in June.