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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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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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