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The cryptocurrencies that have outperformed bitcoin

In the last few weeks, it broke $60 000 hitting another all-time high of over $61 500. That’s a 1 048% return over the last year.

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Over the longer-term Bitcoin’s astonishing price performance has been eclipsed by other smaller alternative cryptocurrencies

Twelve months ago, bitcoin was trading at $5 355. In the last few weeks, it broke $60 000 hitting another all-time high of over $61 500. That’s a 1 048% return over the last year

If that’s not spectacular enough, consider that bitcoin has gained over 100% since the start of January 2021. Since then PayPal has started offering cryptocurrency-related services, Goldman Sachs created a crypto dedicated trading desk and Tesla bought $1.5Bn worth of Bitcoin and just a few days ago announced that you can now buy their cars using Bitcoin.

Big-name corporates and investment banks have also changed their tone with crypto and have come out with price predictions suggesting the current bull run still has plenty of headroom.

Revix (Supplied)

As the graph below shows, Bitcoin was by no means the top-performing cryptocurrency over the last year. It was outperformed by Cardano (3 674%), Binance Coin (1 892%), Polkadot (1 174%), Ethereum (1 133%), and Chainlink (1 111%).

Revix (Supplied)

Bear in mind that these are highly volatile assets and can move well over 30% up and down each month.

Virtually all of these smaller cryptocurrencies, known as alternative coins or “alt coins” are constituents in the Revix Top 10 Bundle, which has grown in unit value by more than 1 060% over the last 12 months, well ahead of bitcoin’s 12-month return.

Who is Revix?

Revix (www.revix.com) is backed by JSE-listed financial services group Sabvest and was launched in 2018 to make it secure and easy to invest in both individual and ready-made baskets of cryptocurrencies that they call crypto “Bundles”.

Customers can get started with as little as R500 and the fintech charges no sign-up, monthly account, or subscription fees, but rather a simple 1% transaction fee for both buys and sells.

The advantages of owning a crypto bundle with Revix1.Diversification

One of the advantages of investing using the Top 10 Bundle is that it equally weights each of the top 10 largest cryptocurrencies as measured by market capitalisation.

Revix’s Founder and CEO, Sean Sanders, is a Chartered Financial Analyst (CFA) who previously worked as a portfolio manager explains,

“If you were to buy a Top 10 Bundle that was market-weighted, you’d have roughly 73% of your total investment in bitcoin and Ethereum alone. That’s not a diversified crypto portfolio and it’s actually increasing your concentration risk in the largest two cryptocurrencies. If you had taken this same approach in the year 2000 with stocks you would have invested in General Motors and Walmart and would have had little to no exposure to the big success stories of Amazon and Microsoft. Additionally, if something negative happens to Bitcoin or Ethereum then your crypto portfolio is going to be seriously impacted.”

Revix (Supplied)

Revix’s Top 10 crypto Bundle allocates 10% to each of the 10 largest cryptocurrencies creating an equally weighted investment that is well diversified.

‘Stablecoins’ (a type of crypto-backed 1:1 by fiat currencies like the US dollar and rand) like Tether or USDC are not included as they don’t offer significant return potential as the crypto sector grows. They will always be equal to the US dollar.

2.Superior Risk-Adjusted Returns

Historically, Revix’s Top 10 Bundle has significantly outperformed an investment in both a market-weighted equivalent crypto Bundle and Bitcoin alone on a risk-adjusted basis.

Including smaller cryptocurrencies in a crypto portfolio with regular monthly rebalancing would have increased your Sharpe ratio: a measure showing how well your investment would have performed given the amount of risk you’ve taken.

“Bitcoin is viewed as the gateway into the cryptocurrency space but in five years there’s likely to be many other large-scale cryptocurrency projects gaining mainstream adoption,” says Sanders. “Owning a slice of the up and comers is the real investment opportunity. Bitcoin is now worth over $1 trillion (R15 trillion) but just seven years back was once worth only a few million dollars. Today, some cryptocurrencies are still relatively small and not well known, which could one day be worth what bitcoin is worth today.

“Historically, Bitcoin has outperformed all other asset categories, but is far behind some of the smaller cryptocurrencies that are gradually pushing their way into the upper ranks for the crypto market cap rankings.”

3.Automated Rebalancing

Revix’s algorithms automatically rebalance a customer’s Bundle holdings monthly, so that they are equally weighted to ensure that they stay up to date with the fast-changing market. This automated process means Bundle holders don’t have to manually calculate which cryptocurrencies to buy and sell on a regular basis.

4.Peace of mind

Before any cryptocurrency enters their Bundle, Revix evaluates it for security, liquidity, regulatory status, and other factors. This ensures it can be held in a safe, secure, and regulatory-compliant manner.

5.Smart price execution

Revix offers their customers a unique price-routing system enabling customers to obtain the best prices available at the moment of purchase or sale. “We aren’t a crypto exchange, and this means we have the ability to source the best pricing and liquidity for our customers across multiple crypto exchanges at any given time,” says Sanders.

Different cryptos perform different functions

“The term ‘cryptocurrency’ is a bit of a misnomer,” adds Sanders. “Cryptoassets is a better term since different cryptocurrencies do different things.”

The top performer over the last 12 months has been Cardano, which is competing with Ethereum and Polkadot to own a new financial architecture called decentralised finance, or DeFi.

Bitcoin accounts for more than 60% of the total crypto market cap, but it is seen as a robust store of value similar in function to gold.

Litecoin is regarded as the “silver” to bitcoin’s perceived status as “digital gold.” While bitcoin will never have more than 21 million digital coins in issue, Litecoin will be able to expand to 84 million. Litecoin was designed to offer faster transaction speeds than bitcoin and is positioning itself as a new form of digital money, offering speed and a relatively low price ($29) to appeal to merchants and investors.

Chainlink fulfils another purpose within the developing DeFi space, by aiming to solve one of the biggest challenges for the practical implementation of smart contracts – connecting blockchains to real-world data – such as price feeds or delivery confirmations – through so-called “oracles blockchain connectivity”. For smart contracts to work, they need external data sources that are accurate and trusted, and Chainlink aims to provide these.

So, there are a lot of crypto assets doing very different things with significant growth potential.

How to invest?

If you are working within an established, reputable crypto investing platform like Revix, you can invest in both ready-made crypto Bundles and individual cryptocurrencies including Bitcoin, Ethereum, USDC (a “stablecoin” fully-backed by the US dollar), and a physical gold-backed token called PAX Gold which provides legal ownership of an ounce of gold through Revix’s online platform.

The Smart Contract Crypto Bundle tracks those cryptocurrencies that enable smart contract functionality and include several cryptocurrencies that are looking to challenge Ethereum’s smart contract dominance.

This Bundle comprises cryptocurrencies that enable developers to build applications on top of their blockchains, much like how developers build mobile apps on top of the Apple mobile iOS operating system. The cryptos in this bundle include Ethereum, Cardano, Tron, Neo, and EOS.

Revix also offers a Payment Crypto Bundle, which provides exposure to the largest five payment-focused cryptocurrencies looking to become ‘digital cash’ and compete with government-issued fiat currencies to make digital payments cheaper, faster, and more global. These cryptos include bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Stellar (XLM).

Featured image: Dmitry Demidko via Unsplash

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Revix

Revix

Revix is an intelligent investment management platform which allows anyone, anywhere to create a diversified portfolio or “Bundle” of the world’s top cryptocurrencies. With Revix’s Crypto Bundles, owning more than 80% of the market is possible in just a few clicks – investing in cryptocurrencies has never been so easy!For more information head to www.revix.com.

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Source: https://ventureburn.com/2021/03/the-cryptocurrencies-that-have-outperformed-bitcoin/

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Local emotional intelligence app users significantly grow

It’sOk, an innovative tech startup that aims to promote emotional intelligence among students has experienced exponential growth.

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Based in Johannesburg, It’sOk, an innovative tech startup that aims to promote emotional intelligence among students has experienced exponential growth in the number of the users of its unique and cutting-edge platform.

ItsOk experiences massive growth in users in SA

With its hard launch only taking place a mere few months ago in March with users from a single school, King David Victory Park, the app has grown tremendously since then.

In an interview with Ventureburn Cody Gordon, co-founder, and CEO of It’sOk explains;

“It’sOk had its hard launch this March with 50 students in King David Victory Park. Since then, we have experienced a huge amount of growth both on our product side and our school client base. In 2022 we will have 10 000+ users on our app. These users are a combination of parents, teachers and students.”

According to reports from the tech startup, it will be present in the follow institutions in 2022; the Crawford International group, St Peter’s Boys and Girls, Centennial Schools, King David Victory Park, Uplands College and a few Curro schools.

Not only is the app being utilised by in-person teaching but also through online schools.

“We’ve also seen our app making a huge positive impact in schools of all backgrounds for example, The Tomorrow Trust students, which comprises of orphaned and vulnerable children all have access to It’sOk,” adds Gordon.

With innovation and emotional intelligence growth for students at the forefront of the startup focuses, Gordon explains that the app has been upgraded to meet the needs of the schools and their students.

“An example of this is that we have now developed and automatic flagging system for schools to identify at risk students. Strategic people in the schools arat-riskied of these students and this allows the school to help these students and develop specific interventions instantly,”

ItsOk

ItsOk is a tech startup that has created an innovative emotional intelligence app that is designed specifically for a school environment.

The tech startup has combined the power of technology with a holistic approach to promoting emotional awareness and intelligence among young students in South Africa.

With many institutions reaping the benefits of employing ItsOk’s platform with their students, Justin Attlee, St Peter’s Boys – Head of Pastoral Care highlights the impact that it has had on their learners.

“The huge value our schools are seeing in our technology is that the students now have a dedicated time each day to develop their emotional intelligence through our app, students now have a safe place to express how they are feeling and receive assistance when they need it. The schools are now also able to be proactive in their mental wellness strategies in the school based on the It’sOk data. This allows the school to be proactive instead of reactive in dealing with student emotions, “Thanks so much for the weekly feedback. This is giving us great insight in how the boys are feeling and allowing us to be proactive in implementing interventions.”

Read more: SA food tech startup partners with V&A Waterfront

Featured image: (Left to right) Cody Gordon, CEO and Michale Dukes CTO of It’sOk (Supplied)

In an interview with Ventureburn Cody Gordon, co-founder, and CEO of It’sOk explains;

Source: https://ventureburn.com/2021/10/local-emotional-intelligence-app-sees-huge-growth/

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SA fintech partners with rising global fintech to foster financial inclusion in SA –

Ukheshe Technologies has partnered with Chipper to help in the global fintech’s rollout of digital payment services and products.

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Innovative and ground-breaking local fintech Ukheshe Technologies has partnered with new-kid-on-the-block Chipper to help in the global fintech’s rollout and implementation of digital payment services and products.

Ukheshe has partnered with Chipper

The products which Chipper cahs aims to roll out include free and unlimited peer-to-peer payments across South Africa along with added benefits such as purchasing airtime, data and also the ability to legally purchase and sell cryptocurrency. Chipper’s service and digital payments aim to be a game-changer among the local community.

Not only will the partnership yield new fintech services for locals but it also will enable effective and safe financial transactions across the continent. The partnership aims to work in harmony allowing existing customers of Chipper to use this function as it will incorporate Ukheshe’s Eclipse API framework.

Clayton Hayward, CEO of Ukheshe comments on the partnership with Chipper.

“Ukheshe’s Eclipse API provides access to payment technology, products and services – all from one convenient platform. The rapid shift towards innovative digital-first solutions is undeniable and we are thrilled to partner with Chipper, a company that shares our vision and enthusiasm for credible, seamless payment solutions that drive the payments revolution in Africa.”

Chipper

Founded a mere three years ago, the ‘rising start’ tech startup has been labelled as the continents ‘biggest and fastest-growing payment app.

With Chipper users are able to easily conduct instant no-fee local and cross border money transfers and discounted airtime purchases.

Since its official launch, Chipper claims to have over four million users in eight countries in Africa and the UK.

With financial inclusion at the forefront of the aims of both of these startups, the partnership will build on fostering financial inclusion by creating accessible financial digital solutions for individuals in Africa

“The relationship between Ukheshe and Chipper aims to spearhead digital-first fintech solutions made in Africa to broaden access and financial inclusion for those who need it most. Our digital payment solution supports wallet functionality and will offer much-needed simplified payment solutions that allow users to send and receive cross-border payments safely, quickly, and efficiently, ” concludes Hayward.

Supplied

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Featured image: Clayton Hayward, CEO of Ukheshe (Supplied)

Clayton Hayward, CEO of Ukheshe comments on the partnership with Chipper.

Source: https://ventureburn.com/2021/09/sa-fintech-partners-with-rising-global-fintech-to-foster-financial-inclusion-in-sa/

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Startup partners with Telkom to launch translation platform for SA languages

Telkom has partnered with SA startup Enlabeler to launch an AI platform that translates speech into text and provides transcription services for local languages.

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Telkom has partnered with South African startup Enlabeler to launch an AI platform that translates speech into text and provides transcription services for local languages.

The platform, called izwe.ai, was unveiled at the AI Expo Africa 2021. It is described as “a multi-lingual technology platform that transforms your audio and video data to text, captions or subtitles in your local languages”.

Telkom and Enlabeler collaborated to create the platform, with the aim of providing a way to bridge the language gap in a variety of industries.

“With Enlabeler, we have built a solution that can offer a seamless transcription experience with highly localised and reliable outputs, which help us deliver as a strategic partner for our clients,” Telkom Executive of Data Science Stefan Steffen said in a statement.

“Working with an agile startup like Enlabeler has helped us accelerate our long-term plans to unlock this market segment. ”

Enlabeler

Enlabeler is a data labelling and annotation solutions provider.

Founded in 2019, the company describes itself as Africa’s first remote data labelling community. It employs people around the country to augment and train the AI solutions and services provided by the company.

The company provides video and image annotation services, computer vision and object detection models, entity extraction from text datasets, as well as translation and transcription services.

The izwe.ai translation platform

According to Telkom, the izwe.ai platform has a unique ability to interpret South African accents. It also uses machine learning to constantly improve its translations.

The aim of the platform is to provide transcription and translation across a range of industries. These include education, academia, legal services, and media production.

“This technology can be a game-changer in business, as well as education, government, and healthcare delivery,” Telkom head of Innovation Dr Mmaki Jantjies said in a statement.

Meanwhile, Telkom Foundation CEO Sarah Mthintso highlighted the education benefits of the service.

“STEM subjects are the foundation for the careers of the future, but to truly drive digital transformation in South Africa, we need learners to be able to learn in their home language,” Mthintso said in a statement.

“That’s where AI-driven speech services are so important.”

Translation and transcription service launch

The service will be launched in a phased approach. The first phase includes the launch of izwe.ai and the collection of information from potential clients via survey.

The service is offering five hours of free machine transcription in exchange for the completion of the survey.

The second phase will include the release of the machine transcription model.

“In release 2 you will have access to a market-leading machine transcription model to transcribe your files with a click of a button,” the service says on its website.

The third phase will include the implementation of human input into automatic transcription outputs. Finally, phase four will include the launch of additional services.

You can find out more about the platform on the izwe.ai website.

Feature image: Ventureburn

Read more: Fairwork Project puts out call for Pledge supporters

Read more: African global business services sector to grow to $19.8 billion by 2023 – research

Source: https://ventureburn.com/2021/09/startup-partners-with-telkom-to-launch-translation-platform-for-sa-languages/

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