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4 Best-Performing Coins in 2019

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Even though some of the largest crypto predictions for early 2019 did not come to pass — such as a start of a rally, the launch of Bakkt, or the approval of VanEck and SolidX Bitcoin ETF application — most coins did not get affected as strongly as it was believed they would. The crypto market has not yet found stability, but it is attempting to do so, and high volatility is currently avoided by some of the top performers.

Meanwhile, people around the world are turning to crypto, whether it is out of curiosity, the belief that they can change the future, or out of pure need. While their motives may be different, the crypto world connects them all, and their goal is to find and use the best and top-performing coins currently available. To help them find these coins, we have prepared a short list of 4 best-performing coins right now.

1) Binance Coin (BNB)

Binance Coin is currently the 12th largest coin by market cap, and one of the top performer in the crypto space of early 2019. The coin was already performing relatively well due to the fact that it is Binance’s native coin. Now, it sees either stability or several percent-large growths due to its popularity, but also because of Binance’s move which has seen the launch of Binance Jersey, a branch of binance that exchanges fiat to crypto.

BNB value is currently at $6.72, after a 2.34% growth in the last 24 hours. The coin has its first support at $5.46, while the first resistance is believed to be at $12. So far, BNB has experienced a positive movement, although it is possible that an attempt to break the resistance might bring it back down, or even below the $5.4 support.

2) IOTA (MIOTA)

IOTA has started 2019 with relatively stable performance, as well as a promise of great things to come. The project has announced new collaborations which might be able to boost its position and price. Right now, IOTA remains at the rank of 13 on the list of largest cryptocurrencies by market cap, with a price of $0.290594.

The coin has been attempting to grow and exceed $0.403 for the last several weeks, although it appears that the bear market has yet to loosen its grip regarding this coin. If IOTA attempts a breakout, it might reach as much as $0.6 in the near future, and at that point, the next resistance would lie at $0.815.

3) TRON (TRX)

TRON has recently managed to rise through the ranks and enter the top 10 cryptos, currently holding the 9th position. It is also among the best-performing coins of 2019, at least when it comes to the top 10 cryptocurrencies by market cap. It managed to grow from $0.018, which was its price on December 28th, to its largest price in 2019 so far, which was at $0.34, reached on January 10th. After that, the coin has experienced a sharp correction which brought it back to $0.02, but it continued to rise steadily ever since, with a current price of $0.026974.

In its future, it is possible that TRX will attempt a breakout, with its first resistance at $0.02815. If it succeeds at this, the bulls might bring the coin to a new high, with its next obstacle lying at $0.04. Otherwise, it might start dropping once again, and possibly falling below $0.018 if the bears get to it.

4) NEO

Finally, there is NEO, which has been somewhat under the radar recently. Even though it has been relatively quiet, the coin is still one of the top competitors to Ethereum, and its progression since the early December has been stable. NEO’s current price sits at $7.67, and if the coin attempts a breakout, it would likely grow to $16, and possibly even $20. If the bears prevent this from happening, the coin will likely start losing value again.

Whatever happens in the future, NEO is currently performing with stability, even though it lost a part of its market cap in late 2018, which brought it to the 17th spot on the list of largest coins.

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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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Charts courtesy of TradingView

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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