The international crypto market cap at the moment stands at $1.40T, almost twice the dimensions of Tesla Inc. or Google’s guardian firm, Alphabet Inc.
After a 3-year hiatus, the crypto markets are again with a Big Bang …
Bitcoin is up almost 500% in 12 months and even topped $58,000 in February.
Ethereum has returned almost 600% in that very same time interval.
It’s a bonanza for rising blockchain innovators who’re driving the crypto tailwinds to new areas of revenue.
Seizing this unstoppable momentum, we have now firms constructing blockchain and crypto instruments reminiscent of Canada’s Cloud Nine Web3 Technologies (CSE:CNI; OTCMKTS:CLGUF),and China-based Canaan Inc. (NASDAQ:CAN)…
Their share costs have skyrocketed to the tune of two,250% and 186%, respectively, over a 52-week interval.
Why? Because buyers acknowledge that promoting picks and shovels throughout a gold rush is a tried-and-true technique for creating wealth.
As the cryptocurrency craze has taken off, the 2 firms have been comfortable to promote the instruments fanatics want from cryptocurrency mining apps to safe crypto wallets.
But not like Crypto 1.0, which solely lasted months, even erstwhile crypto skeptics reminiscent of JPMorgan have conceded that Crypto 2.0 has received loads of room to run.
JPM says a mere 1% portfolio allocation might lead to a $600B surge in bitcoin demand.
There isn’t any scarcity of catalysts driving this raging bull.
A international pandemic has devastated economies in every single place, and with new COVID variants popping up, present vaccines might not be sufficient for restoration…
That’s forcing governments worldwide to resort to unprecedented stimulus packages reminiscent of Biden’s $1.9 trillion package deal that specialists are warning might come again to hang-out us.
Unemployment is disastrous: The present efficient unemployment charge within the U.S. near 10%, almost triple the three.5% pre-pandemic clip.
The proven fact that the financial system nonetheless wants one other big shot within the arm speaks volumes in regards to the state of affairs. It’s precisely the type of uncertainty that has been fueling bitcoin and different cryptocurrencies as buyers now desire bitcoin to gold as the brand new protected haven.
Investors are quick dropping confidence in conventional monetary methods and their infinite loopholes, manipulation schemes and knowledge breaches with the little man all the time left holding the bag.
That’s why the epic GameStop Inc. brief burn has caught the creativeness of Wall Street and retail buyers alike.
It has clearly demonstrated what occurs when the little man lastly will get bored with being kicked round extra instances than a pigskin on the Super Bowl.
With its decentralized and peerless nature, Blockchain expertise can result in new alternatives and profit shoppers by better transparency, enhanced safety, and simpler traceability.
And firms like Cloud Nine (CSE:CNI; OTCMKTS:CLGUF), and Canaan Inc. (NASDAQ:CAN) at the moment are taking the blockchain idea to a wholly new stage.
Here are 5 Reasons these firms are so compelling for buyers:
#1 The Crypto Comeback
Bitcoin defied just about each type of adversity in 2020.
A key catalyst behind the huge worth rise is that bitcoin has recorded a giant inflow of buyers from large-scale establishments reminiscent of pension funds, funding trusts, and even college endowment funds.
Unlike the 2017 bull market, which was largely dominated by a motley crew of unique quants, speculative execs and retail bros shopping for out of FOMO, this time round, massive names reminiscent of Tesla Inc., billionaire investor Paul Tudor Jones and insurance coverage large MassMutual have invested a small fortune.
And the variety of distributors accepting bitcoin as a type of cost is rising quickly.
Bitcoin has obtained the backing of a number of giant consumer-facing cost names.
PayPal now permits clients to purchase, maintain and promote bitcoin immediately from their PayPal accounts …
Rival digital cost agency Square reported in November that extra of its Cash App customers are shopping for the digital forex, and shopping for extra on common than earlier than.
Possibly most significantly, Visa Inc. has been warming to bitcoin. In October, the large cost processor introduced a handful of bitcoin-related credit score and debit playing cards with main crypto change Coinbase.
Bitcoin is now being seen as digital gold – a protected haven and inflation hedge.
Hedge funds have been steadily promoting their gold ETFs and shopping for Bitcoin, in accordance with JPMorgan Chase. Funds have bought almost 100 tons of gold (value some $5 billion) since early November. Grayscale Bitcoin Trust, the popular car for institutional buyers, has seen its worth double in greenback phrases.
Millennials now favor Bitcoin over gold, definitively. Bitcoin is to millennials what gold was to child boomers – and that is only the start…
#2 The Uber of Crypto (Massive ecosystem benefit)
Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) made its identify with the event of the cutting-edge Cloud Nine ESL Program for pupil mobility …
Now, it’s pivoting to the crypto enterprise in a giant method … It’s simply closed on a take care of Victory Square Technologies Inc. (CSE:VST) to amass cryptocurrency and blockchain property.
Since 2013, Victory Square has been on the forefront of the blockchain & crypto house.
It incubated the very first publicly traded blockchain firm in Canada.
It’s a world identify. It’s hosted, introduced and sponsored conferences globally, together with the World Blockchain Forum and d10e Conferences held in NYC, London, Dubai, Seoul, Tel Aviv, Silicon Valley, Turkey, Malta amongst others.
A important section of the brand new firm will function beneath the Limitless model identify, with an thrilling lineup of property beneath the brand new banner, together with:
– Desktop LimitlessCrypto Miner: A VPN-based patent pending user-based Bitcoin, Ethereum, and Altcoin miner for family use with a wait record of over 100,000 customers for post-beta March 2021 launch.
– MicroBlock Miner, aka “Crypto in a field”: A crypto miner that offers customers a plug-and-play strategy to take part in proof-of-work mining protocols like Bitcoin, Ethereum, and different Altcoins.
– X2Crypto Wallet for Desktop & Mobile: A crypto bank card (VISA) paired with person pleasant cryptocurrency banking providers on desktop, cell and {hardware} wallets.
The Limitless Blockchain Platform has been branded the ‘Uber of Crypto’ and for good cause.
The 3 items of IP on this deal are all interconnected. Together, they type a Platform of firms which might be all pushed by the ‘Network Effect’.
The common shopper is lacking out on an enormous alternative as a result of present expertise makes it laborious to acquire cryptocurrency and simply as laborious to make use of it.
People are scared to transform REAL cash to digital forex.
Current methods require utilizing completely different merchandise constructed by completely different firms and subsequently lack the safety of a closed ecosystem.
Up up to now, mining cryptocurrencies has required a variety of technical know-how.
Through the acquisition of the Limitless Blockchain Platform, Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) adjustments all of that.
It affords a totally built-in and closed ecosystem that makes it simple for anyone to mine crypto with no technical experience required. That means anybody with a pc and an web connection.
Limitless offers you a plug & play strategy to mine your favourite cryptocurrencies, that are then instantly saved in your in-app digital pockets.
Even higher, it affords an unmatched stage of safety with a Closed Crypto Ecosystem.
The first asset is the foundational software program piece; it’s a cell software referred to as Limitless VPN (digital privateness community), and it’s free to obtain anyplace on the planet.
It offers the corporate with fast income and over 100,000 engaged customers desperate to leverage throughout the platform.
Where does the income come from? Investors, listen: The VPN generates income from mining altcoins by leveraging the unused processing energy from the Company and the User’s servers.
All altcoins efficiently mined are instantly transferred into bitcoin, and the income is then break up 50/50 between the Company and the User.
Limitless VPN launched in Beta to 10,000 Users, but it surely’s laborious launching in March and has 100k Users on its wait record. And by the tip of 2021, the Company initiatives having over a million customers throughout its platform.
Once launched, Limitless’ VPN Mining Network will turn out to be extra highly effective and worthwhile with every further person.
The VPN’s mining algorithms are proprietary (patent pending) and they are going to be mining the highest altcoins effectively.
There’s an extra income vertical as properly, with the advertising and marketing of latest and rising altcoins that need their cash being mined by and marketed to the military of Limitless VPN Users that stay inside this groundbreaking new Ecosystem.
In Beta, the Limitless VPN Mining Network had an preliminary price per person of $2. Upon laborious launch to its 100,000 Waitlist, the Company expects to drive that person acquisition price right down to $0.15 per person and foresees as much as $7.30 in revenue per person / month. The economics of crypto are lastly beginning to make sense…
These VPNs are HUGE within the on-line gaming house – they’re massive with individuals who prefer to gamble on-line – sports activities, playing cards, on line casino, and many others. – as a result of they need (and in some circumstances NEED) to protect their true location.
Limitless has struck relationships with organizations which have these audiences…
Limitless VPN Projected Revenue Growth
Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) believes that Bitcoin’s rising acceptance has set the stage for altcoins reminiscent of Ethereum and a brand new wave of monetary experimentation.
Indeed, decentralized finance (“DeFi”) has been a constructive catalyst for the elevated adoption of Ethereum’s community. By leveraging ether as “trust-minimized” collateral, market contributors can disintermediate conventional monetary firms and entry monetary providers like credit score & lending, market making, buying and selling, custody, investing, and entry to artificial US greenback publicity.
The second asset is the {hardware} piece, an at-home crypto mining machine branded because the MicroBlock Miner, which makes use of Limitless Blockchain Technology to permit shoppers to simply take part in superior crypto-mining at house with none specialised information.
With Limitless’ MicroBlocker mining rigs, customers can instantly begin to mine 5 completely different cryptocurrencies from the consolation of their very own house.
And as soon as they’ve mined that crypto, they’re going to wish someplace to retailer it…
#3 X2– The Air-BnB of Digital Storage
Very few firms have their very own at house mining package, however Cloud Nine does
Coinciding with its acquisition of the Limitless VPN, they’re constructing out its person base even additional with the MicroBlock ‘Mine From Home’, ‘Crypto in a Box’ Mining rigs; each of those property actually act as a funnel of types for its marquee asset, the ‘X-2’
The X-2 ties your entire platform collectively into its personal decentralized monetary ecosystem…
It is the pockets and the financial institution.
The X-2 can be the change – it’s what powers the settlement.
The person is incomes crypto and may retailer all of it in a single place with X-2. And the pockets comes with a bodily VISA crypto bank card.
The X2 is the Air-BnB of databases. Users can ship cash (fiat or crypto) immediately to anybody on the planet.
With the X-2, Cloud Nine has a liquidity supplier for banking providers and crypto to crypto or crypto to fiat.
If the X-2 needs to push a service the place it’s clearing trades or doing cost processing for people or small companies, it might probably do this. It’s like having a full-service financial institution and a crypto clearing change multi functional community.
The X-2 is the AirBnB of databases; an unlimited decentralized community by which they’ll distribute digital merchandise with no centralized intermediary, like AWS, Facebook or Twitter, which may (and do) shut down merchandise on the snap of a finger.
With the X-2, the corporate avoids the capex prices of paying a centralized intermediary. This method, all of those firms which might be attempting to be like Spotify Inc. can leverage and plug into the corporate’s decentralized database and storage middle to distribute their content material and earn cash whereas doing it – that is the last word fantastic thing about the X-2.
#4 The Blockchain Music Madness
Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) has additionally launched a music service, Limitless Audio, connecting artists and followers by blockchain options.
Limitless Audio is a beta platform the place customers can hearken to any music free and earn more cash for his or her artists than they’d by conventional digital adverts on Spotify.
It makes use of the identical patented Limitless mining course of because the VPN. In different phrases, it’s utilizing the unused processing energy of customers to mine altcoins after which ship the income generated from the mining both to the person or the artist.
Like many different companies, the music trade goes blockchain in a giant method.
Non-fungible tokens (NFTs) are distinctive cryptocurrency tokens used to signify property reminiscent of digital artwork, films or music.
NFTs may be purchased and bought like every bodily asset; nonetheless, they’ve the large benefit of working on blockchain, which means possession and validity of the asset they signify may be precisely tracked.
And for anybody questioning whether or not these digital property even have any worth, contemplate this: NBA Top Shots is an NFT platform that enables followers to purchase and promote numbered variations of video clips of participant highlights referred to as “Moments”.
The platform has been experiencing explosive development, with weekly gross sales at the moment clocking in at $50 million.
#5 Awesome Tag Team
Whereas Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) boasts some severe crypto/blockchain wherewithal, its administration staff is what actually offers it a severe edge over different blockchain startups.
The expertise of the staff behind this firm is as limitless as blockchain itself.
These guys are one of the best within the enterprise and the actual fact they will work for such a small firm ought to inform you one thing.
Founder of the Limitless Blockchain Platform and CTO of Cloud Nine Web3 Technologies, Mike Shader beforehand labored for Elon Musk’s SpaceX and is an early pioneer within the blockchain and bitcoin house. He’s been accountable for the event of a number of Blockchain and Crypto startups during the last 7 years, specializing in software program encryption and safety, on-line video games, ecommerce and cell apps, processing over $1 Billion in transactions. Michael has labored with many Fortune 500 shoppers from a number of industries reminiscent of banking, software program, manufacturing, aerospace, coaching, and telecommunications.
CEO Alex Martini is an early bitcoin adopter and crypto investor and a member of the Blockchain Commission for Sustainable Development on the United Nations, the place he co-chairs the sub-committee for Refugee rescue Shelter & Resettlement. He is an lively advisor to a number of blockchain firms, together with EdChain, Humanity Capital, 9Temple, Byte Academy Blockcellerate and the PVBLIC Foundation. In 2015, he was awarded the Leadership Award for Driving Social Change from The United Nations.
COO Kant Trivedi is a co-founder and Director of Blockfusion Technologies Inc. (Blockfusion), a expertise firm constructing the world’s largest blockchain and AI infrastructure. He was additionally the COO and Managing Director (Partner) at Greenwich Associates, a consulting agency that works with over 260 of the most important banks and Fintech corporations globally, which he efficiently led to an exit. He additionally held a number of senior management positions with Rogers Communications Inc. (TSX: RCI.B NYSE: RCI), certainly one of Canada’s largest communications and media firms, supporting income development to over $1.9 billion.
So, there you’ve it… A small, comparatively unknown, Canadian firm with a few of the greatest names in blockchain behind it on the excellent time for crypto and its blockchain spine. The “AirBnB of digital storage” has so many potential income verticals, it’s dizzying, and it’s patent-pending proprietary expertise makes this one to look at earlier than it begins pinging massive radar.
Other Canadian firms to look at as blockchain tech and large knowledge take over the market:
Shopify Inc (NASDAQ:SHOP; TSX:SHOP) is an absolute beast within the e-commerce world. In truth, due to its simple-to-use platform, it could be laborious to haven’t stumbled onto a store constructed with its expertise. More than 1,000,000 companies depend on Shopify’s real-time e-commerce options, together with Tesla, Budweiser and Red Bull, amongst many others. Shopify makes buying items and providers simple for anybody – and in a time the place comfort is king, Shopify certainly has endurance.
In addition to its revolutionary strategy on e-commerce, Shopify can be delving into blockchain expertise, making it a promising decide for buyers, particularly provided that the sector is crimson sizzling proper now. Its shoppers are even in a position to settle for bitcoin and quite a lot of different cryptocurrencies as funds with a couple of clicks.
Global lockdowns accelerated Shopify’s already-tremendous development. Since March 2020 alone, Shopify has seen its worth rise from simply $495 per share to a excessive of $1800 per share earlier than settling right down to its present worth of $1400. The firm has already proven its potential, however because it continues to develop, so will its modern options for companies, and by extension, it’s share worth. Shopify is without doubt one of the few e-commerce firms that will very properly have the ability to compete with the likes of Amazon.
Mogo Finance Technology Inc. (TSX:MOGO) is a brand new spin on unsecured credit score, which is a burgeoning sub-segment of FinTech. Providing mortgage administration, the power to trace spending, stress-free mortgages, and even credit score rating monitoring, Mogo is on the forefront of a web-based motion to help customers with their monetary wants.
Mogo’s software program analyzes debtors immediately and significantly reduces the historically cumbersome underwriting course of for loans. It’s online-only, so there’s very low overhead and a ton of money to spend on advertising and marketing. Labeled as “the Uber of finance” by CNBC, Mogo is unquestionably turning heads.
With rising membership development and income traces persevering with to enhance, and a platform which many banks have failed to supply, Mogo might properly turn out to be an acquisition goal within the close to future.
EXFO Inc (TSX:EXF) isn’t new to the Canadian tech sector. The firm was based in 1985 in Quebec City, and its unique merchandise have been moveable testing merchandise for optical networks. Since then, the corporate has acquired and construct 3G, LTE, protocol, copper/xDSL, IMS, and VoIP take a look at and repair assurance merchandise.
Recent developments from EXF are promising for long run development potential. The new baseband unit emulation expertise which is certain to be adopted on a big scale, because the tech affords operators a discount of prices and a quicker income stream.
By. Pete Williams
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