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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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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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3 Cryptos To Blow Up In The Next Bull Run

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It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.

However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.

Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.

Finally, there are projects that aim to bring institutional investors to the crypto market, by solving issues that institutions are most…

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