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3 Most Underrated Cryptocurrencies Right Now

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Investing in cryptocurrencies is still a very high-risk game, especially these days when the market has entered yet another period of uncertainty and high volatility. However, even if this was not the case, picking the right asset to invest in can be quite difficult. Most of the time, coins with a clear goal in mind get the most support. If their goals seem relevant, if they can solve a problem or provide a better solution to replace an already existing one, investors are quick to join its cause.

Every now and then, however, an oversight can happen, and great projects end up left behind, without less support than they likely deserve. Today, we will point out a few coins like that. Despite their size and popularity they already have, experts agree that these are underrated coins that will likely skyrocket once they receive the amount of attention that they truly deserve.

1. TRON (TRX)

TRON is a project that often makes headlines, and recently, whenever this happens, it is connected to a new project announcement, a new record being broken, or a new partnership being made. The project seems incapable of making a wrong move, and pretty much everything that Justin Sun decides to do ends up being a success. And still, TRX is not even among the top 10 cryptocurrencies. Its price is low, it’s market cap is below $1 billion, which is very unusual for a coin that has made so much progress during a single year.

TRON’s goal is to revolutionize the entertainment industry, as well as to decentralize the web. This is a huge mission, and probably very abstract in the mind of most people, which may be one explanation as to why TRX doesn’t get more attention. Still, the attention that it is getting is coming from a pretty dedicated community, which will likely ensure that TRON grows properly in time.

2. Monero (XMR)

Monero is the tenth largest coin by market cap, but many believe that this still means that it is very underrated. As many are undoubtedly already aware of, Monero is a privacy coin, which means that it is a secure, untraceable, and private digital currency. It is the only privacy coin in the top 10 cryptos, likely due to the fact that privacy coins, no matter how necessary, are usually frowned upon. Most people suspect them of being used for criminal activities due to their ability to hide transactions.

However, privacy coins like XMR are also great for protecting corporations’ secrets, freedom of speech, and provide regular users with privacy and anonymity, which is the right of every internet user. Monero has always depended on its community, ever since its very beginning. It was created through donations, and the community has always been the number one factor that was pushing its development. It has a price of $66.45 and a market cap of $1.1 billion.

3. NEO

Finally, the third pick when it comes to underrated coins is NEO. This has been one of the projects that had the potential to kill off Ethereum, according to the community. It was often considered to be EOS’ biggest rival when it comes to replacing ETH. NEO is currently ranked as 16th largest coin per market cap, with a price of $8.50 and a market cap of only $552 million.

This puts a huge difference between NEO and EOS, which has a market cap of $3.27 billion. NEO is also sometimes called Chinese Ethereum, due to the fact that it similar to ETH in essence, and that it is one of the coins that China particularly likes. It was believed that this will give it an edge over EOS once China becomes more crypto friendly. While this may be the case, it has yet to happen, and an event such as that might be all that NEO needs to get back in the game.

The project is dedicated to creating smart contracts and dApps, just like Ethereum is, but many would argue that NEO can do everything better, cheaper, and faster. Even so, the coin seems to be losing popularity and sinking to the depths of the market, one rank at the time.

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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Hodium
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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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