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4 Cryptocurrencies to Invest in the Near Future

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Just like everything else in the modern world, the way we make payments and organize money transfers has started to change and evolve as well. This is not something new, and the process of this evolution has started nearly a decade ago. That is how cryptocurrencies came to be, and their development continues to this very day. However, they are not all equally successful, and some are doing better than others.

Cryptos have already been recognized by most of the modern world as the future of money. They are still not ready to take control, and they have a long way to go still before they are officially adopted as a method of payment on a global level. There are many digital currencies today, and some sources claim that this number has even gone as high as 1600-1800 individual coins.

Unfortunately, not all of them will make it, and when the cryptos do become globally accepted, many of them will have died out by that time. However, there are some true fighters among them, that are capable of holding their own, and have already made steps to ensure their future. Let us check some of them out.

Keep an eye out for these digital currencies

1. Cardano (ADA)

Cardano offers a decentralized, public blockchain, as well as its own cryptocurrency token, ADA. Its goal is to provide a reliable home platform for the creation of smart contracts and dApps that would be processed with a formal verification.

Cardano’s token has had several increases and decreases over the last couple of months, and especially at the end of the previous year. Almost immediately its roadmap was updated back in November, its rank improved significantly, and ADA reached the 9th place in the crypto rankings. In 2018, it even reached the 7th place for a while, but at the time of writing, it dropped slightly and is currently at the rank of 8.

Obviously, investors have started seeing this coin’s potential, which has significantly increased its use and granted it much-needed publicity. Right now, Cardano aims to improve its performance even more, and its plan is to upgrade from Byron to Shelley, which is expected to happen in before or during Q3 of the year. Its current price is $0.212431.

2. Ripple (XRP)

Ripple is a coin that needs no introduction, and it is well-known that it has been a favorite of many banks and financial institutions from around the world. Dozens of them have already accepted it, or have at least in the process of doing so. Ripple has proven to be a very capable coin, with a good reputation, and a respectable brand behind it.

It is entirely mined-out by the company that owns it, Ripple, and it is the company that controls its distribution. Because of that, Ripple’s price oscillations have been somewhat tamer than those of other cryptos. Its centralization is also something that helps out when it comes to banks, which are willing to trust the company behind the coin.

Ripple’s XRP token currently holds the third place on the CoinMarketCap’s list, and its price is at $0.682569 at the time of writing. Other than that, the most important thing about it is its goal – to provide the fastest, cheapest, and easiest-to-perform money transactions – locally, as well as internationally. With such a goal and a reputation that this coin has, it is bound to stay around and is definitely a good investment.

3. TRON (TRX)

Much like Ripple, TRON also has a pretty big name to support it. Its founder, Justin Sun, has gained quite a reputation in the world of business and technology, and ever since he started TRON, this crypto has seen some major success.

Originally, the coin was on Ethereum’s network, as an ERC20 token. However, the team has been working hard on developing TRON’s own network, and they finally did it. The official launch of the MainNet was only a week ago, and TRX is currently migrating from Ethereum. Similarly to Ripple, TRX has found its chosen field, but instead of banks and financial institutions, TRON has chosen to become a go-to crypto for the entertainment industry.

This might seem unusual at first, but when you think about it, it is actually a brilliant decision. Just look at how big gaming actually is right now, with more than 1.2 billion people in the world having a connection with the industry. With TRX being the main token for this industry, it is obvious that this crypto won’t lose customers anytime soon. Currently, TRON is ranked 10 on CoinMarketCap, while its value sits at $0.059337.

4. Bitcoin (BTC)

Naturally, we could not create a list of coins worthy of investment without adding Bitcoin to it. The first, and the most well-known crypto, which is often considered to be the synonym for the cryptocurrency. Bitcoin was the one who started it all and is to this day the one with the highest rank, as well as the highest price. No other crypto even comes close to BTC when it comes to this, which is something that this coin can be proud of, especially after all this time.

Bitcoin is the first generation of cryptos and the most accepted one around the world. You will find it (and possibly some of its forks) in pretty much every exchange. A lot of services accept BTC as a form of payment, and there are also many other tokens that can only be purchased through Bitcoin. Its current price is at $7,703.86, which is almost three times lower than its peak from December 2017. Still, it is a common belief in the crypto world that BTC will return to its former glory, possibly stronger than ever.

The reason for investing in it is the obvious fact that this coin, at least, is definitely not going anywhere. Many business experts believe that cryptos will go away, but others claim that that is only wishful thinking and that BTC is the safest bet if someone is looking to invest in cryptos.

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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