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Basic Attention Token (BAT) and Digibyte: Perspective in a mad market

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Basic Attention Token Digibyte
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It takes a lot of confidence (and self-assurance) to keep holding your cryptocurrencies when most of them have lost more than 90% in value for eleven months straight. Holding is a doubtful option for many investors in the current market. Yes, it’s bounced back a bit nicely today but things have been ‘bloody’ till yesterday.

And of course, we can’t label only one day’s greenery as a trend. Newcomers are not exactly excited to put their money into the current crypto market. Not all fears are strictly irrational.

The current debacle is serious enough for many cryptocurrencies to fail and never bounce back. The main reason behind those failures will be a lack of competitive advantage through use cases and applications for their blockchains. But some projects will eventually thrive because they have what it takes.

The investors that can identify those projects could hit a mine gold in the not-so-far future. We’ll talk about two candidates for that in this article: Digibyte (DGB) and the Basic Attention Token (BAT). Let’s see these couple assets in some detail.

Basic Attention Token (BAT)

The brave browser’s main focus is advertising. Since publicity is unavoidable for any web surfer in the world, why not make it more efficient and convenient for both the advertiser and the user?

That’s the point in brave. With this browser’s approach to ads, advertisers get value for their money while users don’t feel they’re uselessly nagged all the time.

It eliminates the need for ad-blockers. It’s been successful, and it’s gaining adoption at the rate of millions per month. And BAT is the token that makes this software work. Because BAT is the coin making this happen and the browser is expanding in all markets, the token’s value can only increase in the future.

It’s already supported by many of the world’s largest exchanges (Coinbase, for instance). That will facilitate high trade volumes for a useful asset. Taking both things into consideration, you can only conclude that this is a project that will work long-term as it holds a huge potential. The benefits outweigh the present market fluctuations by far.

Digibyte (DGB)

No new investor will be attracted by the current year’s Digibyte’s price history. But for the more experienced players who base their decisions in a fundamental analysis (read, intrinsic value) instead of technical analysis (price only), it’s an asset that should be considered for inclusion in a long-term portfolio. Digibyte never held an ICO (which means it won’t be declared a security) and a committed community drives it.

Both things guarantee that no clique of manipulators can move the market at will to scam other investors. This is a blockchain that will be around as long as any blockchain at all is relevant. It’s valuable because it’s trustless and uncensorable. You can probably say that about any blockchain that’s implemented correctly, but that’s not all.

This coin and project have relevant use cases for valuable industries, and that’s what is going to give it a very long life within the cryptoverse. Think about cybersecurity. It will only grow more important as digitalization keeps moving forward all around the planet and Digibyte is at its center.

DGB’s value (and price) will only grow along with the cybersecurity industry as time goes by. It presents an excellent opportunity to buy cheap and hodl before FOMO arrives when it becomes a bullish market (that has already started as we write this article).

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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.

Image Courtesy of Pixabay.

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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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

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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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