Crypto Talk FCAS Analysis 4/19

An exploration into up and coming cryptos

This week on Crypto Talk, we are going to continue to evaluate rising cryptos based on their week-over-week percent change in FCAS. To learn more about the FCAS created by Flipside Crypto refer to my previous article or their website.

To reiterate, I use Flipside Crypto’s Public API and aggregate the week-over-week percent change in FCAS score for over 450 crypto projects with the goal to share the projects with the biggest positive change. A positive change in FCAS score would indicate the crypto is experiencing positive growth.

The chart below shows the top 10 cryptos with the largest positive percent changes in FCAS score and highlights 5 with a little more information. For sake of discussion, the chart does not include projects with a fragile FCAS rating. I removed these projects because these projects inherently have large changes in FCAS score week over week.

This week, we will be reviewing Santiment Network, Bitcoin Gold, Bread, SingularityNET, and Near Protocol.

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Bitcoin Gold(BTG)

Bitcoin Gold is a hard fork of the Bitcoin protocol. The goal of Bitcoin Gold is similar in nature to Peercoin, which I talked about in a previous letter, which deals in the centralization of Bitcoin mining. Bitcoin mining has been inadvertently centralized around expensive ASIC mining equipment. Since ASIC machines are expensive and require a lot of energy to run, the ownership of this mining equipment has been centralized due to economies of scale.

Bitcoin Gold is a hard fork of Bitcoin and still relies on proof-of-work just with a different algorithm for the mining process that prohibits ASICs from mining on the network. The goal of Bitcoin Gold’s aims to allow more common processors, such as CPUs and GPUs, to compete so the mining network remains decentralized.

Bread(BRD)

Bread aims to bring blockchain applications to the mobile environment and are most known for their digital wallet. Their goal is to accelerate the mainstream adoption of cryptocurrencies by simplifying the asset purchasing process for the everyday consumer. The Bread Token(BRD), built on Ethereum, provides additive services and deals for those that use the Bread wallet app. A use case for the token is when a customer wants to buy Bitcoin for their wallet, they would incur a lower processing fee if they currently hold BRD in their wallet. Ultimately, Bread’s goal is to become a decentralized banking system that allows people around the world to leverage financial service institutions through their platform.

SingularityNET(AGI)   

SingularityNET is a decentralized platform for AI solutions. Their goal is to make it easy for AI developers to publish and sell their AI software tools. The AGI token will be used to test and purchase AI services on the platform.

The SingularityNET team is also famously known for the AI-powered robot, Sophia. Its AI framework goal is to fully understand the human language as a step towards a more general artificial intelligence solution.

NEAR Protocol(NEAR)

NEAR Protocol is a decentralized app platform made for easier development and deployment for decentralized web applications. Their goal is to provide the infrastructure for a future decentralized web.

According to their white paper, “It must be as decentralized in design as the web itself and supported by a widely distributed community of operators so the value it stores cannot be censored, modified or removed without the permission of users on whose behalf the value is stored. It should be secure and stable enough to form the backbone of the new economy.”

Their observation is current digital infrastructure has been centralized to a few entities and ultimately inhibits growth because these entities have it in their best interest to prevent growing digital infrastructure from overtaking their position.

Ultimately, NEAR’s decentralized platform will allow applications to access and share the pools of currency and data securely and efficiently.

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As always, each crypto above offers a different utility with some offering a more promising change in our landscape than others. While not all projects will reach a point of sustainable adoption, week over week growth in the FCAS is a quantifiable indicator of positive growth.

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