Tag Archives: UniSwap

Up 70% in 32 days

Yesterday I gave you a heads up about the new crypto we’re adding to the Crypto With Kash portfolio (side note: one of our picks is up 70% in the last 32 days, turning every £1,000 invested into £1,700).

I’ve just sent out my full write up of this latest pick to members of the service, but I wanted to give you a quick breakdown of why I’m so keen on it here too, so you can decide if you’d like to get involved.

To show you the potential of this coin we first need to talk about a different crypto called UniSwap (to be clear, this is not the coin we’ve just added to the portfolio).

UniSwap entered the Decentralised Finance (DeFi) crypto scene back in September last year.

Like I talked about in yesterday’s email, it’s a Decentralised Exchange (DEX) crypto… you can think of it like a crypto version of Betfair, where people trade crypto with each other and, instead of a middleman, the technology itself takes care of everything.

This proved a huge hit with the crypto community…

And since September, UniSwap has gone from $2 to $29…

That’s the opportunity to turn every £100 invested into £1,450… and every £1,000 into £14,500.

Now, the coin I’ve just added to the Crypto With Kash portfolio is similar to UniSwap in two ways…

  1. It performs a similar function as a Decentralised Exchange (DEX)
  2. It’s sitting at a similar price to UniSwap before it took off

But, most importantly, it has a killer third angle that most people are overlooking, which I believe could potentially make it even more valuable than UniSwap…

You see, at face value the growth rate of UniSwap is much higher than this coin, but if you do a bit of digging (and I have) you’ll discover that my latest pick has an ace up its sleeve…

It’s running a “plug in” technology that allows trades and liquidity from other crypto platforms to flow through its exchange… inflows that aren’t taken into account in the usual measurements of volume and growth.

And when you take this “hidden” growth into account, my latest pick is growing at a rate that’s as much as 12X faster than UniSwap… and yet the price is still hovering in the low dollars.

I believe it’s only a matter of time before that changes.

When the mainstream catches wind of this, I wouldn’t be surprised to see this crypto take a similar trajectory to UniSwap in the coming weeks and months… and over the long term maybe even surpass it.

That’s why I’m recommending members of my service stock up on this crypto while it’s at what I believe is a bargain price.

If you’d like to know the name of this coin and read my full write up on it, you can join us on the inside of the Crypto With Kash service here.

You’ll receive my welcome email containing instructions on how to download the latest newsletter, plus write ups on the other coins in our portfolio, my two crypto guides, and also an invitation to join the private Telegram group.

See you on the inside!

“Betfair cryptos” are going nuts

When Betfair launched in 2000, some people thought it would be the end of conventional bookmakers.

While that hasn’t happened, with the largest volume of bets still taking place with traditional bookmakers, like Bet365, behind the scenes it’s had a huge impact…

As my colleague professional football bettor Adam Cheng says, “Betfair forces bookmakers to match its exchange prices, otherwise they’re open to arbitrage”.

So, in a way Betfair has won out against traditional bookies. And this is reflected in the price investors were willing to pay, valuing the company at $1.5 billion after its first 6 years.

Needless to say, the people with their fingers in this pie at the early stages made a killing!

And now the same thing is happening in the world of cryptocurrencies, where traditional exchanges are being challenged by a new crypto-specific breed of exchange…

Two types of crypto exchanges

There are two types of crypto exchanges…

1: Centralised Exchanges

The first are centralised exchanges like Coinbase, Binance, and Kraken.

These exchanges operate like the “traditional bookmakers” of the crypto world. And they’re not much different to stock and options trading exchanges like RobinHood, IG, and eToro.

This has many benefits and some serious downsides (which makes them ripe for innovation, and is why the second type of exchange is flourishing).

Here’s a breakdown of the pros and cons of centralised exchanges…

Pros:

✅ Easy to deposit traditional currencies and exchange for cryptos

✅ Customer support as with any other company (although Coinbase gets a lot complaints on this front)

✅ Curated list of cryptos, so there’s a decent “standard” to ones you can buy

Cons:

❌ You’re trusting a private company with your traditional currency and cryptos (and they don’t fall under the Financial Services Compensation Scheme (FSCS))

❌ Vulnerable to hacks (in 2014 centralised exchange Mt. Gox lost 850,000 of its customers’ Bitcoins)

❌ Potentially high fees, especially on some of the most popular centralised exchanges

❌ You have to sign up with photo ID (not a problem for some, but worth mentioning)

2: Decentralised Exchanges

The second type of cryptocurrency are decentralised exchanges, or DEX for short. Examples are UniSwap and Curve.

You can think of these like the Betfairs of the cryptocurrency space. Except they’re not just peer to peer markets, but completely decentralised in terms of ownership too, because they’re not owned and controlled by one entity.

So, instead of trusting a centralised private company to hold and exchange your cryptocurrencies, like with Coinbase, you’re instead relying on the cryptocurrency technology itself to secure these transactions without any human interference.

This might seem a bit scary at first, but it’s the whole point cryptocurrencies took off in the first place! The promise of cutting out the middleman and using cryptography to secure financial transactions instead.

And DEXs are now delivering on that promise for trading exchanges, coming at Coinbase and others like Uber went after the traditional taxi industry!

Here’s a breakdown of the pros and cons of decentralised exchanges (DEX)…

Pros:

✅ Not relying on a centralised point of failure, like with Coinbase, so (if you trust in the decentralised tech of crypto) your money held on exchange is potentially safer

✅ Uses cryptographic technology so less vulnerable to hacks (although they can still take place as this tech is still developing)

✅ Much wider array of cryptocurrencies available (and if you want big gains you’ll want to be able to invest in smaller, unheard of coins)

✅ Fees can be much lower because there’s no middleman taking a cut (although because of network utilisation this isn’t currently the case with Ethereum based DEXs)

Cons:

❌ More complicated than using a traditional centralised exchange (although the ease of use of DEXs has come a long way)

❌ No conventional customer support (although many have good online communities where you can ask questions)

❌ Current fees on Ethereum based DEXs are relatively high (though they should come down when Ethereum gets its pending upgrades)

Now, I’m not suggesting you need to leave Coinbase and start using DEXs to trade crypto (I use both centralised and decentralised exchanges depending on what I want to do).

What I am suggesting though is that you consider investing in some DEX related cryptocurrencies (many of which you can even buy on Coinbase!)…

DEX “Betfair cryptos” are going nuts

DEX cryptos are a subset of Decentralised Finance (DeFi) cryptos, which is what we’re building the Crypto With Kash portfolio on.

And DEX cryptos have been performing extremely well over the last year, for example…

UniSwap went from $2 to $29 dollars in less than a year, turning every £100 invested into £1,450.

It’s too late to capitalise on UniSwap, but I’m about to add an overlooked DEX to the Crypto With Kash portfolio this Friday (that’s tomorrow). One that could follow the same path as UniSwap… and maybe even top it in the future.

I’m just finishing my full write up on this crypto.

I’ll let you know when it’s ready tomorrow, and also share some more details about why this specific kind of DEX crypto is popping right now.