The global crypto market cap currently stands at $1.40T, nearly twice the size of Tesla Inc. or Google’s parent company, Alphabet Inc.
After a 3-year hiatus, the crypto markets are back with a Big Bang …
Bitcoin is up nearly 500% in 12 months and even topped $58,000 in February.
Ethereum has returned nearly 600% in that same time period.
It’s a bonanza for emerging blockchain innovators who are riding the crypto tailwinds to new areas of profit.
Seizing this unstoppable momentum, we have companies building blockchain and crypto tools such as Canada’s Cloud Nine Web3 Technologies (CSE:CNI; OTCMKTS:CLGUF),and China-based Canaan Inc. (NASDAQ:CAN)…
Their share prices have skyrocketed to the tune of 2,250% and 186%, respectively, over a 52-week period.
Why? Because investors recognize that selling picks and shovels during a gold rush is a tried-and-true method for making money.
As the cryptocurrency craze has taken off, the two companies have been happy to sell the tools enthusiasts need from cryptocurrency mining apps to secure crypto wallets.
But unlike Crypto 1.0, which only lasted months, even erstwhile crypto skeptics such as JPMorgan have conceded that Crypto 2.0 has got plenty of room to run.
JPM says a mere 1% portfolio allocation could result in a $600B surge in bitcoin demand.
There is no shortage of catalysts driving this raging bull.
A global pandemic has devastated economies everywhere, and with new COVID variants popping up, existing vaccines may not be enough for recovery…
That’s forcing governments worldwide to resort to unprecedented stimulus packages such as Biden’s $1.9 trillion package that experts are warning could come back to haunt us.
Unemployment is disastrous: The current effective unemployment rate in the U.S. close to 10%, nearly triple the 3.5% pre-pandemic clip.
The fact that the economy still needs another huge shot in the arm speaks volumes about the state of affairs. It’s exactly the kind of uncertainty that has been fueling bitcoin and other cryptocurrencies as investors now prefer bitcoin to gold as the new safe haven.
Investors are fast losing confidence in traditional financial systems and their endless loopholes, manipulation schemes and data breaches with the little guy always left holding the bag.
That’s why the epic GameStop Inc. short burn has caught the imagination of Wall Street and retail investors alike.
It has clearly demonstrated what happens when the little guy finally gets tired of being kicked around more times than a pigskin at the Super Bowl.
With its decentralized and peerless nature, Blockchain technology can lead to new opportunities and benefit consumers through greater transparency, enhanced security, and easier traceability.
And companies like Cloud Nine (CSE:CNI; OTCMKTS:CLGUF), and Canaan Inc. (NASDAQ:CAN) are now taking the blockchain concept to an entirely new level.
Here are 5 Reasons these companies are so compelling for investors:
#1 The Crypto Comeback
Bitcoin defied pretty much every form of adversity in 2020.
A key catalyst behind the massive price rise is that bitcoin has recorded a big influx of investors from large-scale institutions such as pension funds, investment trusts, and even university endowment funds.
Unlike the 2017 bull market, which was largely dominated by a motley crew of exotic quants, speculative pros and retail bros buying out of FOMO, this time around, big names such as Tesla Inc., billionaire investor Paul Tudor Jones and insurance giant MassMutual have invested a small fortune.
And the number of vendors accepting bitcoin as a form of payment is growing rapidly.
Bitcoin has received the backing of several large consumer-facing payment names.
PayPal now allows customers to buy, hold and sell bitcoin directly from their PayPal accounts …
Rival digital payment firm Square reported in November that more of its Cash App users are buying the digital currency, and buying more on average than before.
Possibly most importantly, Visa Inc. has been warming to bitcoin. In October, the giant payment processor announced a handful of bitcoin-related credit and debit cards with leading crypto exchange Coinbase.
Bitcoin is now being viewed as digital gold - a safe haven and inflation hedge.
Hedge funds have been steadily selling their gold ETFs and buying Bitcoin, according to JPMorgan Chase. Funds have sold nearly 100 tons of gold (worth some $5 billion) since early November. Grayscale Bitcoin Trust, the preferred vehicle for institutional investors, has seen its value double in dollar terms.
Millennials now favor Bitcoin over gold, definitively. Bitcoin is to millennials what gold was to baby boomers – and this is just the beginning…
#2 The Uber of Crypto (Massive ecosystem advantage)
Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) made its name with the development of the cutting-edge Cloud Nine ESL Program for student mobility …
Now, it’s pivoting to the crypto business in a big way … It’s just closed on a deal with Victory Square Technologies Inc. (CSE:VST) to acquire cryptocurrency and blockchain assets.
Since 2013, Victory Square has been at the forefront of the blockchain & crypto space.
It incubated the very first publicly traded blockchain company in Canada.
It’s a global name. It’s hosted, presented and sponsored conferences globally, including the World Blockchain Forum and d10e Conferences held in NYC, London, Dubai, Seoul, Tel Aviv, Silicon Valley, Turkey, Malta among others.
A significant segment of the new company will operate under the Limitless brand name, with an exciting lineup of assets under the new banner, including:
- Desktop LimitlessCrypto Miner: A VPN-based patent pending user-based Bitcoin, Ethereum, and Altcoin miner for household use with a wait list of over 100,000 users for post-beta March 2021 launch.
- MicroBlock Miner, aka "Crypto in a box": A crypto miner that gives users a plug-and-play way to participate in proof-of-work mining protocols like Bitcoin, Ethereum, and other Altcoins.
- X2Crypto Wallet for Desktop & Mobile: A crypto credit card (VISA) paired with user friendly cryptocurrency banking services on desktop, mobile and hardware wallets.
The Limitless Blockchain Platform has been branded the 'Uber of Crypto' and for good reason.
The 3 pieces of IP on this deal are all interconnected. Together, they form a Platform of companies that are all driven by the 'Network Effect'.
The average consumer is missing out on a huge opportunity because current technology makes it hard to obtain cryptocurrency and just as hard to use it.
People are scared to convert REAL money to digital currency.
Current systems require using different products built by different companies and therefore lack the security of a closed ecosystem.
Up to this point, mining cryptocurrencies has required a lot of technical know-how.
Through the acquisition of the Limitless Blockchain Platform, Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) changes all of that.
It offers a fully integrated and closed ecosystem that makes it easy for anybody to mine crypto with no technical expertise required. That means anyone with a computer and an internet connection.
Limitless gives you a plug & play way to mine your favorite cryptocurrencies, which are then immediately stored in your in-app digital wallet.
Even better, it offers an unmatched level of security with a Closed Crypto Ecosystem.
The first asset is the foundational software piece; it’s a mobile application called Limitless VPN (virtual privacy network), and it’s free to download anywhere in the world.
It provides the company with immediate revenue and over 100,000 engaged users eager to leverage across the platform.
Where does the revenue come from? Investors, pay attention: The VPN generates revenue from mining altcoins by leveraging the unused processing power from the Company and the User’s servers.
All altcoins successfully mined are immediately transferred into bitcoin, and the revenue is then split 50/50 between the Company and the User.
Limitless VPN launched in Beta to 10,000 Users, but it’s hard launching in March and has 100k Users on its wait list. And by the end of 2021, the Company projects having over one million users across its platform.
Once launched, Limitless’ VPN Mining Network will become more powerful and profitable with each additional user.
The VPN’s mining algorithms are proprietary (patent pending) and they will be mining the top altcoins efficiently.
There’s an additional revenue vertical as well, with the marketing of new and emerging altcoins that want their coins being mined by and marketed to the army of Limitless VPN Users that live inside this groundbreaking new Ecosystem.
In Beta, the Limitless VPN Mining Network had an initial cost per user of $2. Upon hard launch to its 100,000 Waitlist, the Company expects to drive that user acquisition cost down to $0.15 per user and foresees up to $7.30 in profit per user / month. The economics of crypto are finally starting to make sense…
These VPNs are HUGE in the online gaming space - they’re big with people who like to gamble online – sports, cards, casino, etc. - because they want (and in some cases NEED) to shield their true location.
Limitless has struck relationships with organizations that have those audiences...
Limitless VPN Projected Revenue Growth
Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) believes that Bitcoin’s increasing acceptance has set the stage for altcoins such as Ethereum and a new wave of financial experimentation.
Indeed, decentralized finance (“DeFi”) has been a positive catalyst for the increased adoption of Ethereum’s network. By leveraging ether as “trust-minimized” collateral, market participants can disintermediate traditional financial companies and access financial services like credit & lending, market making, trading, custody, investing, and access to synthetic US dollar exposure.
The second asset is the hardware piece, an at-home crypto mining machine branded as the MicroBlock Miner, which utilizes Limitless Blockchain Technology to allow consumers to easily participate in advanced crypto-mining at home without any specialized knowledge.
With Limitless’ MicroBlocker mining rigs, users can immediately start to mine 5 different cryptocurrencies from the comfort of their own home.
And once they’ve mined that crypto, they’re going to need somewhere to store it…
#3 X2-- The Air-BnB of Digital Storage
Very few companies have their own at home mining kit, but Cloud Nine does
Coinciding with its acquisition of the Limitless VPN, they are building out its user base even further with the MicroBlock ‘Mine From Home’, ‘Crypto in a Box’ Mining rigs; both of these assets really act as a funnel of sorts for its marquee asset, the ‘X-2’
The X-2 ties the entire platform together into its own decentralized financial ecosystem…
It is the wallet and the bank.
The X-2 is also the exchange – it’s what powers the settlement.
The user is earning crypto and can store all of it in one place with X-2. And the wallet comes with a physical VISA crypto credit card.
The X2 is the Air-BnB of databases. Users can send money (fiat or crypto) instantly to anyone in the world.
With the X-2, Cloud Nine has a liquidity provider for banking services and crypto to crypto or crypto to fiat.
If the X-2 wants to push a service where it’s clearing trades or doing payment processing for individuals or small businesses, it can do that. It’s like having a full-service bank and a crypto clearing exchange all in one network.
The X-2 is the AirBnB of databases; a vast decentralized network through which they can distribute digital products with no centralized middleman, like AWS, Facebook or Twitter, which can (and do) shut down products at the snap of a finger.
With the X-2, the company avoids the capex costs of paying a centralized middleman. This way, all of these companies that are trying to be like Spotify Inc. can leverage and plug into the company’s decentralized database and storage center to distribute their content and make money while doing it – this is the ultimate beauty of the X-2.
#4 The Blockchain Music Madness
Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) has also launched a music service, Limitless Audio, connecting artists and fans through blockchain solutions.
Limitless Audio is a beta platform where users can listen to any music free and earn more money for their artists than they would through traditional digital ads on Spotify.
It uses the same patented Limitless mining process as the VPN. In other words, it’s using the unused processing power of users to mine altcoins and then send the revenue generated from the mining either to the user or the artist.
Like many other businesses, the music industry is going blockchain in a big way.
Non-fungible tokens (NFTs) are unique cryptocurrency tokens used to represent assets such as digital art, movies or music.
NFTs can be bought and sold like any physical asset; however, they have the big advantage of running on blockchain, meaning ownership and validity of the asset they represent can be accurately tracked.
And for anyone wondering whether these digital assets actually have any value, consider this: NBA Top Shots is an NFT platform that allows fans to buy and sell numbered versions of video clips of player highlights called "Moments”.
The platform has been experiencing explosive growth, with weekly sales currently clocking in at $50 million.
#5 Awesome Tag Team
Whereas Cloud Nine (CSE:CNI; OTCMKTS:CLGUF) boasts some serious crypto/blockchain wherewithal, its management team is what really gives it a serious edge over other blockchain startups.
The experience of the team behind this company is as limitless as blockchain itself.
These guys are the best in the business and the fact they are going to work for such a small company should tell you something.
Founder of the Limitless Blockchain Platform and CTO of Cloud Nine Web3 Technologies, Mike Shader previously worked for Elon Musk’s SpaceX and is an early pioneer in the blockchain and bitcoin space. He’s been responsible for the development of several Blockchain and Crypto startups over the last 7 years, focusing on software encryption and protection, online games, ecommerce and mobile apps, processing over $1 Billion in transactions. Michael has worked with many Fortune 500 clients from multiple industries such as banking, software, manufacturing, aerospace, training, and telecommunications.
CEO Alex Martini is an early bitcoin adopter and crypto investor and a member of the Blockchain Commission for Sustainable Development at the United Nations, where he co-chairs the sub-committee for Refugee rescue Shelter & Resettlement. He is an active advisor to several blockchain companies, including 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 technology company building the world’s largest blockchain and AI infrastructure. He was also the COO and Managing Director (Partner) at Greenwich Associates, a consulting firm that works with over 260 of the largest banks and Fintech firms globally, which he successfully led to an exit. He also held several senior leadership positions with Rogers Communications Inc. (TSX: RCI.B NYSE: RCI), one of Canada’s largest communications and media companies, supporting revenue growth to over $1.9 billion.
So, there you have it… A small, relatively unknown, Canadian company with some of the biggest names in blockchain behind it at the perfect time for crypto and its blockchain backbone. The “AirBnB of digital storage” has so many potential revenue verticals, it’s dizzying, and it’s patent-pending proprietary technology makes this one to watch before it starts pinging big radar.
Other Canadian companies to watch as blockchain tech and big data take over the market:
Shopify Inc (NASDAQ:SHOP; TSX:SHOP) is an absolute beast in the e-commerce world. In fact, because of its simple-to-use platform, it would be hard to have not stumbled onto a shop built with its technology. More than 1,000,000 businesses rely on Shopify’s real-time e-commerce solutions, including Tesla, Budweiser and Red Bull, among many others. Shopify makes purchasing goods and services easy for anyone – and in a time where convenience is king, Shopify surely has staying power.
In addition to its revolutionary approach on e-commerce, Shopify is also delving into blockchain technology, making it a promising pick for investors, especially given that the sector is red hot right now. Its clients are even able to accept bitcoin and a variety of other cryptocurrencies as payments with a few clicks.
Global lockdowns accelerated Shopify’s already-tremendous growth. Since March 2020 alone, Shopify has seen its price rise from just $495 per share to a high of $1800 per share before settling down to its current price of $1400. The company has already shown its potential, but as it continues to grow, so will its innovative solutions for businesses, and by extension, it’s share price. Shopify is one of the few e-commerce companies that may very well be able to compete with the likes of Amazon.
Mogo Finance Technology Inc. (TSX:MOGO) is a new spin on unsecured credit, which is a burgeoning sub-segment of FinTech. Providing loan management, the ability to track spending, stress-free mortgages, and even credit score tracking, Mogo is at the forefront of an online movement to assist users with their financial needs.
Mogo’s software analyzes borrowers instantly and greatly reduces the traditionally cumbersome underwriting process for loans. It’s online-only, so there’s very low overhead and a ton of cash to spend on marketing. Labeled as “the Uber of finance” by CNBC, Mogo is definitely turning heads.
With increasing membership growth and revenue lines continuing to improve, and a platform which many banks have failed to offer, Mogo could well become an acquisition target in the near future.
EXFO Inc (TSX:EXF) isn’t new to the Canadian tech sector. The company was founded in 1985 in Quebec City, and its original products were portable testing products for optical networks. Since then, the company has acquired and build 3G, LTE, protocol, copper/xDSL, IMS, and VoIP test and service assurance products.
Recent developments from EXF are promising for long term growth potential. The new baseband unit emulation technology which is sure to be adopted on a large scale, as the tech offers operators a reduction of costs and a faster revenue stream.
By. Pete Williams
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