The crypto market has been harsh in 2018, and many who once believed that the last few months of the year will repeat what happened in 2017 are slowly but surely giving up hope. While this year has been bearish for the most part and has experienced two major market crashes (with the second one still being on-going), experts still believe that this is not the end of cryptos.
Cryptos have had more than their fair share of rough times in the last decade, and they pulled through. There is no reason why this shouldn’t be the case this time as well. In the meanwhile, investors need to be patient and to turn to HODLing. The history of crypto shows that difficult periods like this usually end only for digital currencies to become more valuable than they ever were before.
If this trend continues, then 2020 may be the year when everything will change, and cryptos like Bitcoin may reach entirely new heights. In the meanwhile, try investing in promising altcoins, projects that are likely to remain in the future. We can recommend three of them right now.
3) Po.et (POE)
POE is the project that is very likely to succeed, especially these days when proving content ownership is so difficult. The internet allows us to share what we create, and show it to others. Unfortunately, it doesn’t stop others from copying it and presenting it as their own creation. Po.et aims to change this by using an open, universal ledger that will store information and time-stamped records of your creative content.
That way, authors, artists, and content creators will have their work protected and recognized. One great thing about this platform is that it can cover any form of creative content, including text. Furthermore, with various plugins that are already a part of almost every CMS, articles and blog posts can be easily added to the ledger. They get stamped with the time of the addition, as well as author’s name under publication, and they will officially belong to you forever.
Finally, Po.et will also allow content creators the ability to make a profit off of their work by charging a small amount to others that are interested in accessing it. This is a project that will protect the creativity and hard work of many who are trying to get by while working online or creating art just for the sake of art itself. There will no longer be fear of having their content stolen by others, which is why this project will likely remain for a long time.
Ark is a project that can help blockchain technology take the next step by connecting different blockchains into a single, huge, decentralized network. No longer will token holders have to send their coins to exchanges just in order to trade them and ship them to another blockchain. Instead, they will be able to go from one blockchain to another directly.
This is the project’s vision, and there is still work to be done, since even individual blockchains themselves are still new and, mostly, underdeveloped. However, they will advance in time, and the project might actually thrive in 2020. In addition to connecting blockchains, Ark has a few more things going for it.
It has fast transaction speeds that take around 8 seconds. While this is 5 seconds below the record, it is still quite impressive, and much faster than Bitcoin. Next, Ark will become a huge ecosystem if the project ends up being a success, which will immortalize the coin. It is also decentralized, and it has an equal voting weight for all votes and voters. Finally, it has an experienced team of developers that know what they are doing, which inspires trust and wish for this project to succeed.
Steem is by far the largest and the most popular of the three projects. It runs on the Steem blockchain, and its goal is to provide content creators with a platform that will allow them to earn based on the users’ upvotes.
Simply put, Steemit (Steem’s platform), is a social media platform dedicated to blogging and based on blockchain technology. Many even believe it to be a successor to Facebook. The platform allows content creators to post their own content, as well as to leave comments on the content posted by others. Posts and comments that are deemed worth it by the community will get appropriate rewards, based on upvoting.
There are even various contests such as writing, singing, guessing, art, and more. Almost any kind of work and effort will be recognized and rewarded, which is one way of making a profit relatively quickly. Another positive thing is that money will start arriving faster than it would on a WordPress-based blog, although this doesn’t mean that you can get rich on it. It all depends on your skill and talent, and the amount you earn can vary greatly from one content creator to another.
Another perk is that you don’t need a hosting company, or any money to start, except for the time spent on creating content. Think of it as the social media for blogging that rewards quality content with STEEM coins. If there are any disadvantages, those would be the fact that you do not own the domain, and that you will earn crypto, which is still very volatile, especially these days. However, considering how popular social media platforms have grown to become in the last 13 years, there is a high chance that Steemit will be among the first platforms of the next generation, which will continue the trend, and even allow you to make some money while using it.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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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Is Ethereum Still Searching For Its Bottom?
The crypto space has mostly been seeing drops in value during the last 30 days, and it was clear that the bear market of 2018 still has enough energy to cause further damage in this year as well. Most coins occasionally felt a slight growth, although it was not big enough to spark a real rally and shake off the bears.
When it comes to Ethereum, the coin has been dropping continuously since January 10th. ETH experienced high volatility ever since it broke down a $180 support on November 14th, 2018. A small rally starting on December 15th started taking ETH back up, although the highest it managed to reach since then was $159.58 on January 6th, 2019. Since then, the coin’s price entered another free fall, although it never dropped below $100 since then.
The coin seemingly found some stability in the final days of January, when it was trading at around $119, although another drop followed in the first days of February, and Ethereum nearly dropped to $100 on February 6th.
However, February 8th brought a new surge which affected the entire crypto market, bringing the coin’s price back to $144.15, which is its price according to TradingView at the time of writing. The new surge exceeded 11% in the…
Last Week’s Top 3 Most Significant Crypto Events
The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.
1) A crypto Whale moves a large portion of XRP
Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.
They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.
One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This…
TRON Ecosystem New Addition — CryptoDungeons
According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.
— TRON Arcade (@TRONArcade) February 9, 2019
The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.
CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.
The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…
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