Connect with us

Bitcoin

What to Expect in 2019: BTC, BAT, and Steem

Published

on

BTC
READ LATER - DOWNLOAD THIS POST AS PDF

There are only a few weeks of 2018 left, and considering how bearish and crypto-unfriendly this year was, a lot of investors will likely be pleased to see it gone. Many believe that 2019 will be the year that will correct BTC prices and bring forth the period of great recovery.

But what does that mean for digital currencies? Which ones are a good investment right now? This is something that we will, hopefully, be able to answer right now. Here are the top 3 coins that everyone should keep an eye on in 2019.

1. Bitcoin (BTC)

Of course, we have to start with Bitcoin, the first and largest cryptocurrency. Bitcoin has lost a lot in 2018, and its losses are unparalleled by any other coin. In fact, in terms of market cap, Bitcoin has lost as much as the rest of the crypto market put together.

Many believe that its rapid growth, which started in late 2017 and has brought it to its all-time high, is responsible. That the bearish 2018 was only a one large price correction of the last year’s price surge. Even if this is true, price corrections, luckily, all end sooner or later, and when this one comes to a close, Bitcoin will likely be ready for a big comeback.

2019 is expected to bring a lot that will serve BTC’s rise to dominance. Many of the things expected to arrive are actually only events that were already supposed to happen in 2018. Instead, they got delayed. These include things like the Bakkt exchange, as well as the potential approval of Bitcoin ETFs. Many experts agree that moves such as these will be the final thing that will convince institutions to start taking part in the “crypto revolution”, and start buying coins. If this actually happens, Bitcoin’s price might be capable of even exceeding its old $20,000-per-coin value. Why not invest in it while it’s still only $4,000?

2. Basic Attention Token (BAT)

BAT is a token that many are expecting to see on the rise in 2019 due to its goal of revolutionizing the way companies interact with consumers. Until now, large firms needed to spend huge amounts of money on advertising, most of which ended up in possession of middlemen between companies and consumers, such as Facebook, Google, and alike.

Consumers may or may not see these ads, but the company in question still had to pay for them. Then, BAT token appeared, and it came as a part of a new browser called Brave. Brave has its own advantages over other browsers such as Chrome or Firefox, including high speed, a built-in ad block, and much more.

However, Brave also allows users to watch the ads of their own free will, and make money while doing it. That way, companies will get feedback from consumers directly, and consumers themselves have a reason to watch the ads in the first place. Watching ads is paid in BAT tokens that can then be used for tipping your favorite content creator or website.

The system is still being tested, although many assume that it will kick off in 2019 and that the same will happen to BAT price. For now, BAT holds the rank of 30 on the list of largest cryptos by market cap, with a price of $0.154. In 2019, BAT is expected to grow to $0.23 in January, with a max potential price being $0.28. After that, the coin is expected to gradually grow throughout the year, possibly getting to an average price of $0.31 in late 2019, or hitting the maximum price of $0.39. Of course, if a bull run hits the market, this growth will be subjected to change.

3. Steem (STEEM)

STEEM is a coin that is also expected to grow in 2019, as its community continues to grow. STEEM uses its blockchain to create an entire group of interesting platforms that can replace many of today’s most popular social networks. Creators on these social networks are paid in small amounts of STEEM coins for posting content, but only if their content is upvoted by others.

This is a simple concept, but one that can bring a huge change once the project receives more attention. Some experts believe that this is the future of social networks, where decentralized services will make large companies obsolete. While it will likely take years and years for this to happen (if it happens at all), many believe that this is what the future on the internet will look like.

At the time of writing, STEEM holds the 51st rank on the list of largest coins, meaning that it has dropped quite low in recent months. However, this has happened to many others, and even Ethereum, the famous 2nd largest cryptocurrency — eventually lost its rank to XRP. That doesn’t mean that these coins can make a comeback, but they require support from their communities.

As for the future, experts believe that STEEM will grow by at least 30% in 2019, although this prediction is also based on the coin’s behavior in the past, and can be changed due to several potential factors, including bull runs. Steem is currently also quite cheap, with its price being only $0.31, which makes it a great long-term investment. If platforms like Steemit are the future, then getting STEEM now is a very smart move for forward-looking individuals.

For real-time trade alerts and a breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Bitcoin

The rise of the crypto casinos

Published

on

crypto casinos
READ LATER - DOWNLOAD THIS POST AS PDF

In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

Continue Reading

Elite