DISCLAIMER: I am writing this article for SENTINEL CHAIN Proof-of-Support. Do your own research before you invest.
Hello, i have been investing in ico's for quite some time and through trial and error found that most successful ico's ( the ones that got 10x and more and never drop below ico price) have these ingredients in no special order:
1. HYPE . Hype is everything in crypto. Hype is more important than fundamentals in short term and medium term investing. How to know if the project has enough HYPE? I would say if the project has over 10k telegram members, active social media it has enough HYPE. SENTINEL CHAIN has currently 13000 member on telegram. You can join their telegram here:
https://t.me/sentinelchain2. IDEA.. Well this is self explanatory. You need to have a good idea to be successful project long term. SENTINEL CHAIN provides services to ASIA's unbanked communities. Loans. insurance, payments and so on. 420 million of new potential customers. A Huge new market with no real competition. Original and useful idea in the sea of bad ico's
. 2 min video link here:
https://www.youtube.com/watch?v=uGWUtP_cl-4
3. LOW MARKET CAP. This is very important. Simple put and ico with a 100 million cap has way less room to grow than and ico with 10 million cap. SENTINEL CHAIN has a hardcap of 14.4 million which is small and that's good. I avoid ICO's with caps of more than 30 million. They have a way bigger chance of going sub ICO price when they hit the exchanges.
4. EXISTING PRODUCT. One thing is to have a good IDEA and other thing is to implement it. EXISTING PRODUCT is not very important for short term investing but for long term it is. This is the only part where SENTINEL CHAIN is lacking. They do have a demo of the livestock RFID tag but that's it. Still better than nothing and trial in Bangladesh are going to start soon.
5. HOW HARD IS TO PARTICIPATE. This is an interesting one. What i found out that project with most complicated KYC, Proof of Care, Proof of Support systems have the biggest potential. And it is probably due to the fact that people are lazy and don't want to do that so they simply buy when these tokens hit the exchanges instead of making video calls and writing articles in order to get some allocation for the ico. SENTINEL CHAIN has KYC but more importantly it has this Proof of Support system for allocation size, it is hard to get to get in and it is even harder to be able to buy a lot of tokens.
In Conclusion i would say Sentinel Chain has all the ingredients to be successful both for flipping (short term) and long term. Given that the market cap is low and there is so much interest + good fundamentals i doubt it will go lower than ico price during the dumps as there are a lot of buyers with limited supply. I will be investing and also buying on the exchanges if it doesn't go parabolic once it is listed.
