So Trackr. I’ve been watching this new kid on the block for a few weeks now. And the more I’ve learned about it the more enthusiastic I’ve become. I’ve also been in touch with project’s developers and had the pleasure to listen in to the interview with the co-founder Waleed Amjad. And so, without any further ado, here’s what I learned and what I think about the project.
In short, Trackr focuses on crypto market analyses. The team will launch a mobile app and a web platform that will serve you as your personal investment advisor, helping you navigate the crowded crypto universe.
You may be now thinking “Nah, not another Blockfolio again…”, and I’m with you. Just bear with me here. Because Trackr isn’t supposed to be another dumb portfolio manager. Yes, the interface will allow you to display your precious coins and how your portfolio is doing day to day. But the Trackr team didn’t want to stop there. With their solution, you’ll get to play with your coins and manage your portfolio actively, too.
Tracker will offer real-time data and alerts on cryptocurrency shifts. Unlike others, though, not when something already happened but as it is about to happen. With Tracker, you’ll be literally one step ahead of the market. The app will employ the historical analyses, data modelling and machine learning to obtain prediction models for you. The team is also working tirelessly to include historical data and support for 1000+ altcoins so you won’t miss out here either. The app will enable you to run a wide set of tests to determine what potential different coins might have in the future, get the buy or sell notifications and trade directly from within the app.
And as far as buy and sell signals and actual trading go, you will be able to opt-in and follow other traders or let others follow you on the platform. This is where the actual TKR coins come into play. Do you think you are a successful trader and have a portfolio, ideas, models or buy/sell alerts worth sharing with other users? You’ll be able to do so for the price you deem appropriate, in TKRs.
The alpha version of the app is already available on the Google’s Play Store. It has 4.6 stars. And that’s 4.6 out of 5, in case you didn’t know :) That seems pretty good, for an alpha version.
The Trackr token market cap, trading volume or even USD price are rather tiny right now. It is currently traded only at HitBTC and EtherDelta exchanges, in the pair with ETH. They do plan to get listed on other exchanges and even expand the team but from what I’ve heard and seen thus far, the actual app development has higher priority than anything else. The dev team is very determined and focused on delivering on the promises and the roadmap. Everything else comes second.
So, in my humble opinion, this project looks like a longer hold, high risk-high reward kind of play. It’s only a matter of time until whales stumble upon Tracker, the word gets out and YouTubers start to promote it to their audiences. And I’m sure you know well what’s going to follow. The hype!
I don’t advise anyone to buy into what I say here. I just wanted to share with you what I learned and only encourage you to look into Trackr in case you see a value in this project like I do.
I will, for now, hold onto my position and see what Trackr might blossom into.
I’ve already come across mentions on Twitter and Reddit, so apparently someone’s been talking already :) Maybe it’s time to join. I already did, when the price was 0.05 USD. Just remember - this is not an investment advice. Always, always, do your own research.
Mike
PS: Since Oct 1, there’s been a rebranding going on with the Trackr. If you google the term the result you’ll get will be some little gadget to help find items for people who misplace or lose their keys and stuff all the time. So the team decided to rebrand to CryptoInsight. On Facebook, Twitter and Medium they are already with the new name. The token ticker will, however, stay unchanged - TKR.
https://coinmarketcap.com/currencies/trackr/
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