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3 Altcoins That You Should Avoid Investing in 2019

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If you are interested in investing in cryptocurrencies, chances are that you are trying to find a coin with the biggest chance to succeed and go big. While searching for a good investment like this is a decent strategy, it is also important to do your research and discover which altcoins to stay away from.

Skeptics are known for saying that all cryptocurrencies will fail within a few years. While it certainly cannot be expected that every single altcoin will survive, it will likely take more than several years to kill them off. Even so, for those that are careful enough and know how to pay attention to detail, there are indicators that might tell you which coins will likely disappear quite soon.

Because of this, we have come up with 3 altcoins that are most likely to fail soon, possibly even before 2020. While the final decision is yours, most people agree that investing in these coins is a bad idea.

1. Verge (XVG)

Verge is the coin that has experienced huge losses quite recently. Only half a year ago, the coin was praised as one that might bridge the gap between crypto industry and some online businesses. It even got partnered up with Pornhub, which is one of the top websites in the adult entertainment industry.

However, soon after that, Verge started losing value. Now, it dropped on the list, and it currently holds the rank of 48 on CoinMarketCap’s list of largest cryptos. Most experts agree that XVG has failed for a few reasons. The biggest one is likely the fact that it was overhyped. After partnering up with Pornhub, many believed that large firms such as Amazon are next. Unfortunately, by becoming “porn coin”, not a lot of others wanted to join up with XVG.

The fact that it is a privacy coin did not help either, and Verge is almost completely forgotten these days. While it undoubtedly has its community to rely on, experts agree that it will probably never reach $1 again. Instead, it will only continue to lose price, and sink lower on the list, until it loses all support and disappears.

2. Tether (USDT)

Tether is a well-known stablecoin that has been a topic of many discussions within the last few months. While it is still among the top 10 cryptos, holding the rank of 8th largest coin by market cap, many believe that this will not last forever and that USDT will soon disappear.

Tether is still the most famous stablecoin, but it was simply a center of controversies too many times for people to still genuinely believe in it. As a stablecoin, each of its coins is backed by a single $1, which is why its price should always be $1, without any high volatility. So, what is the problem?

The problem is that the company that is issuing USDT needs to prove that it can actually back all of its coins. Tether currently has 1.7 billion coins in circulation, which means that the company needs to have the same amount of money backing the coin. So far, they failed to provide evidence that this is true, and the coin started experiencing significant volatility. Suddenly, nobody wanted to own USDT anymore, in fear that their coins are worthless.

People started returning the coins and exchanging them for other digital currencies, and Tether still did nothing to defend its coin. In fact, it actively avoided doing so for years. For a lot of people, this was confirmation that they cannot confirm its worth, and Tether lost a lot of its support, holders, and its value never actually returned to $1. Soon enough, investors turned to other stablecoins that are doing things “by the book”, and that can prove their worth, which is why Tether will likely fade away in time.

3. Dogecoin (DOGE)

Finally, there is DOGE, which is quite a popular coin, despite the fact that it is constantly losing value. Its story is known to a lot of people already — it started off as a joke several years ago, and it outlived all expectations by still being around today, especially since its creator, Jackson Palmer, decided to distance himself from the project.

Dogecoin is actually not surrounded by controversy, bad decisions, or secrets that can destroy it. It is simply losing value due to the fact that it has no total supply. In other words, it can be mined infinitely, and the more you mine it, the more coins get into circulation, and the more its value drops.

Over the years, DOGE became a tipping currency, meaning that it is being used for leaving tips instead of likes, upvotes, retweets, and alike. It is a coin that can be used for showing appreciation, which is why it is popular among content creators on social networks. Not only that, but the only reason why the coin survived for so long is one of the strongest crypto communities in the space. Not only is the coins still around, but it managed to hold on to the rank of 25, despite the fact that its price is only a fraction of a cent.

While this is impressive by itself, most people agree that DOGE cannot survive like that forever and that it will likely disappear in a few more years. While many will be sad to see it go, such a faith is likely inevitable for everyone’s favorite dog meme coin.

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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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