Piratechain $ARRR
The first weekly crypto pick: Piratechain
Cryptocurrencies were kind of created to give freedom back to the people. It does so with the cryptographic algorithms set in place by the people themselves. It is so that not all cryptos are freedom based or give true power back to you as a holder. Some cryptos are used for manipulative purposes. Some are literally a way for someone to spy on all of your transactional history. Some started out great, but later were changed for the worse.
This has all resulted in a diverse and large crypto ecosystem with many different types of cryptocurrencies. Which crypto gives you the most freedom, the most independence and the most security? These are questions which i look for when trying to find the next crypto longterm hodl gem.
On the road to find a good cryptocurrency which answers well on all these questions is Piratechain. Piratechain ARRR$ was created by developers from Komodo, Zcash, & Bitcoin Core in 2018. It is led by a team of community members passionate about creating a secure and private medium of exchange. It is still being worked on and upgraded by the developers which is a good long term sign.
These are some tokenomic specifications which i think are superb:
There is a 185 million circulating supply out of a total hard capped 200 million which is a very good for the future price of Piratechain.
Very low fees and fast transactions.
A market capitalization of $705,676,967 as of 11.08.2021 calculated by Coinmarketcap. This makes it highly undervalued in my opinion and i will explain why.
It uses ZK-snarks privacy protocol. Resistant against 51% attacks. and there are no developer tax from block rewards.
Pirate has a shielded blockchain network which makes it able to protect all of its costumers information. This is something which will attract people from all different types of industries. Privacy is very important. Even Apple, one of the largest technology companies in the world has been praised for valuing its costumer privacy. It is even a big factor to why people choose Apple as a brand.
With the massive crypto total market capitalization which is constantly growing, i would see it extremely realistic for privacy coins to achieve an attraction from minimum 5-10% of all crypto holders in the future. This means all privacy coins are undervalued. Piratechain is ranked 110 by coingecko by marketcap, something which i see should be at top 50.
Piratechain has several future developments which are very bullish for the overall price action. Stand alone operating system, atomic swaps and e-commerce solutions are some of these developments in the work.
Piratechain is undervalued because, there is a big trend in spying and surveillance for all types of information.
Piratechain is undervalued because information has been said to be the most important asset of the 21st century and it is exactly that which is being exploited in our times. Piratechain protects your information.
Piratechain is undervalued because the top cryptocurrencies are transparent and soon most of the people will really understand what that means for your funds.
Piratechain is undervalued because it has good developers, open communication, a good community and a good roadmap ahed.
If you liked this article, subscribe and follow me on twitter @cryptoinsight for the next crypto pick and more educating articles!