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Augur (REP) Is On It’s Way To $100 Very Near Term: Here’s Why

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Augur (REP) is going to be a cryptocurrency to watch over the next six months. Right now, REP trades for just shy of $50 apiece and, with a market capitalization of a little over $542 million, ranks as number 39 on the top coins by market cap list over at CoinMarketCap.

Between now and the end of 2018, however, there is a good chance we will see this change considerably based on a number of key planned and expected fundamental developments rooted in the company’s roadmap and based on recent comments put forward by the team that leading this one in industry media.

Here’s what we’re looking at.

For anybody that’s new to Augur, this company has been around for a pretty considerable amount of time and is one of what we might deem one of the ‘old guards’ of the cryptocurrency space and especially as regards to companies conducting an initial coin offering (ICO) to raise funds for development.

BTC Daily Chart

AUG Daily Chart

The company carried out an ICO (way before it was called an ICO) back in February 2015 and raised a little over $5.5 million through the issue of the REP tokens the now underpin its market capitalization.

The platform it wanted to create (and that it has spent the last three years building) is designed to serve as a sort of decentralized speculation platform through which individuals can bet against one another on the outcome of pretty much anything in the world – sports events, financial markets, weather, anything.

The idea is that the outcome of these events will be predefined within smart contracts removing the necessity for a third party to determine the outcome (which is what happens when people speculate on events in the current environment).

If there is anything that can’t be agreed on from an outcome perspective, the disagreement is escalated within the Augur ecosystem and voted upon by stakeholders to create a sort of crowdfunded outcome.

So why is this worth talking about now?

Well, as per this interview, Augur is about to launch the first iteration of its platform within the next few months. The first iteration will be set up with one speculative element, designed to allow people to bet on whether or not the technology will be vulnerable to hackers. In turn, this setup is designed to incentivize hackers to report any potential bugs to the company (in return for a bounty as dictated by the amount of capital on the opposite side of the wager) as opposed to seeking to exploit the platform’s weaknesses themselves.

So, we think that this coin is going to gain strength this year for two primary reasons.

First, because the platform is going live and this will finally serve to create a solid and steady demand for the REP tokens that are necessary for participation and interaction with other platform users (i.e., to fund speculative activity).

Second, because we think that the company’s approach to risk mitigation (it’s willingness to pay out bounties to any potential hackers for identifying and highlighting weaknesses as opposed to seeking to take advantage of them) is exactly the kind of thing that will draw a large amount of media coverage towards a company and its efforts.

Increased media coverage should translate to an increased speculative volume flowing towards the company and its tokens and, in turn, should push price up above and beyond not just current levels but also highs recorded early last month around the $100 apiece mark.

Let’s see what happens.

We will be updating our subscribers as soon as we know more. For the latest on REP, sign up below!

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.


Image courtesy of Augur

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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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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