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4 Things That Will Make An Altcoin Successful




Since the crypto craze began, there have been hundreds of altcoins that have emerged and attempted to take over the world of crypto with their advanced and innovative ideas. While these days there are well over 2,000 individual coins, there have been many more to emerge and disappear, all within the last 10 years.

Clearly, having an idea and launching the coin itself is not enough. While it is by no means easy to do so, there are additional measures and rules that you, as an altcoin creator, need to consider if you want your coin to remain relevant. Clearly, not every idea can succeed, and after 10 years, it is quite difficult to present something new. However, cryptos are still a new technology, which is why there are still many unexplored possibilities that may allow you to reach success.

Secrets to altcoin success

1. Capturing the attention

As mentioned earlier, there is not a lot of things that are simple when it comes to creating altcoins. However, while your plan and idea make sense to you, no matter how complex they end up being, this will not be the case with potential investors. Many of them might give up on getting involved if they do not understand what the coin is all about, or if the road ahead seems too complicated and unclear.

This is why having an idea is not enough. What you need to do is simplify it, at least in the beginning. Use only one short line as a hook that will attract people and leave the coin in their mind and memory. This is a strategy that has been used in advertising for ages, which means that it will work. In a way, the first step to launching a successful coin is to capture the short and fickle attention span of an investor.

2. Find a new angle

As mentioned earlier, cryptos have been constantly working on improving themselves and covering new things for an entire decade now. As time goes by, this process is speeding up. While many have recognized the flaws of original coins and altcoins, and have attempted to create new technology that will offer better solutions, this is a much more difficult road to follow.

If your aim is to launch a new altcoin, and not fix the old problems, you might want to try and find a new angle. In other words, strike out on your own, and search for ideas that have yet to be explored and approached. If you cannot beat the competition when it comes to advanced technology, the best you can do is to be original.

3. Do not lose your investors

Once you have created a new altcoin, made it simple and unique, investors will likely come and give it some attention. If things go your way, the coin might even become quite popular. At this point, a lot of coins have disappeared because their creators thought that this is it, and there is nothing else left for them to do. What they failed to realize is that creating a coin and starting to attract attention is only the first step in the grand scheme of things.

There is always initial exciting when a new altcoin comes to the existence. However, if you are not careful, the excitement will pass, and your coin will be forgotten. Newer coins will appear, and yours will be left behind. This is why the team behind the coin must always keep finding new ways to capture the attention focused on their product. This may include anything, from events to new upgrades, sharing the progress and announcing plans and partnerships almost on a daily basis.

If people became interested in your project in the first place, that means that they are giving it a chance. Keep them interested, show them that you are working on it constantly, reward their attention by showing them the effort as well as results, and they will stay.

4. Create a community

A strong community is one of the most important aspects of any altcoin. Having a community means having supporters and investors, which is what allows an altcoin to grow. The community will be there for you and your coin, they will help spread the word, and they will help the coin survive difficult times.

A lot of coins became popular, only to nearly fade away after a while. However, their communities did not allow it, and they brought them back. One such coin is Dogecoin, which came to be as a joke, an old meme from half a decade ago. However, while its value is still very low, Doge is very much alive even today, simply because of meme lovers who did not let it disappear. While a community is only one aspect of keeping your altcoin alive and successful, it cannot be overlooked, as altcoin cannot exist without its supporters.

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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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KaratGold Proves Its Business Model By Providing Official Documents




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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges




Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share




When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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