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Bitcoin Cash (BCH) Airdrops to Celebrate a New Partnership

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Bitcoin Cash
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Bitcoin Cash seems to have a lot going on at the moment, with the most recent airdrop that took place 3 days ago and the latest new partnership BCH team has acquired. In addition to the described success, we can even see BCH keeping it busy in the market as we can see it rising up against the dollar even though the majority of currencies are still under the impression of the latest market trend, which means that a great portion of the market is going down against the dollar at this moment. Let’s find out more about BCH airdrop, Bitcoin Cash’s latest partnership, as well as check out how BCH has been doing these days.

Bitcoin Cash and the New Partnership

Bitcoin Cash has, as of the recent events, acquired a very meaningful partnership that will most certainly help it sky-rocket while gaining more on the exposure of BCH units. In order to step into the next stage of following up with the mass adoption of crypto assets, Bitcoin Cash has partnered up with YeeCall.

YeeCall is a mobile application for online communicating, making chatting and video and voice chat far easier to use. Bitcoin Cash Fund is targeting over 33 million YeeCall users, hoping to be able to become a part of a massive adoption of BCH by the side of YeeCall users.

Due to the most recent partnership, Bitcoin Cash has also organized an Airdrop that took place 3 days ago as the story about the partnership between YeeCall and BCH was slowly kicking off.

That is how Bitcoin Cash had an Airdrop on May 9th due to the agreement that the team behind BCH had with the YeeCall representatives.

The part of the arrangement was to have an Airdrop organized for YEE token holders where 20 BCH units would be awarded as a part of the initial airdrop that took place about 3 days ago.

The requirement needed in order to have eligible users for getting a portion of those 20 BCH as a part of the initial airdrop, was to have at least 10.000 of YEE tokens in your digital wallet at the moment when the system makes a snapshot.

The users who were rewarded during the Airdrop were decided based on the number of tokens they were holding, where the number of YEE tokens could have been greater than the minimal amount of 10.000 YEE.

Bitcoin Cash Had an Airdrop

In order to reward the faithful holders of YEE tokens and celebrate the partnership between YeeCall and Bitcoin Cash Fund, Bitcoin Cash in agreement with YeeCall decided to organize an Airdrop that took place on May 9th.

As a part of the initial airdrop, Bitcoin Cash has made an arrangement with YeeCall to have 20 BCH units awarded to YEE holders. The requirement needed in order to become an eligible holder for winning some of those 20 BCH was to have at least 10.000 units of YEE tokens in your digital wallet.

The awarded holders were being decided based on the amount of YEE tokens, so anyone with the highest number of YEE tokens could win a portion of 20 BCH units.

Given the fact that Bitcoin Cash is being traded above 1000$ per one unit, 20 BCH makes up for a pretty fruitful airdrop.

With the above-mentioned airdrop, the partnership between YeeCall, which represents one of the biggest messaging platforms in Asia with over 33 million users, officially started.

By having BCH implemented into YeeCall application as one of the payment methods available for their users, YeeCall is adding more up to BCH’s exposure, representing it to the wide range of potential BCH holders, which could most probably sky-rocket Bitcoin Cash even further.

How is Bitcoin Cash doing at the Current Moment?

BCH showed a slight case of trading up against the dollar despite the fact that the majority if currencies were going down against the dollar while trading in the red. After showing a trace of doing better in the market when compared to the rest of its peers, Bitcoin Cash then immediately went down although the drop was minor.

In the period of the last 60 days, BCH didn’t make any serious movements given the fact that a great part of this period was in the sign of the market dip. That means that BCH only had a rise of 33% in total against the dollar over the period of two months.

However, we could see it rising up while being traded in the green almost for the entire April, so BCH made it with collecting 110% of rises over the course of the last 30 days.

After the latest change in the market, BCH showed trading up in the green for a moment, despite the market trend, while it went down for -0.81% against the dollar a couple 0of hours ago.

However, we can still see it rising up against BTC, going up against this crypto by 2.45%.

After the most recent change in its value, Bitcoin Cash can be traded at the price of 1411$ per one BCH unit, which is still far from its all-time high of above 4000$ per one Bitcoin Cash unit.

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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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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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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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