The Bitcoin Cash (BCH) community got a major boost today when it was announced that two of Bitcoin.com Chief whips will be joining the Finetech startup known as MoneyToken, as advisers. The new members from Bitcoin.com are its CEO, Roger Keith Ver who is known by many as Bitcoin Jesus, and the Chief Operating Officer (COO) of the site, Mate Tokay.
In the new startup known as Moneytoken, Bitcoin Cash will be used as collateral for users borrowing from the platform. The main idea behind the platform is to offer crypto-backed loans, a stable coin known as MTC and a decentralized exchange service. The project is still in its ICO phase with the buying of tokens available through Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
The amazing thing about the project is that you can still apply for a loan on the platform as the token sale is ongoing.
In the press release announcing the new partnership, the co-founder of Moneytoken, Jerome MacGillivray, had this to say:
“The Bitcoin Cash community is a unique and powerful force in cryptocurrency; adding our support to Bitcoin Cash and allowing our potential token buyers and future lenders and borrowers to operate in BCH, only adds to our portfolio and strengthens the value of MoneyToken as a product for all our users”
Roger Ver, also known as ‘Bitcoin Jesus’ for being an early investor in the coin, has been predicting that Bitcoin Cash (BCH) will flippen, or dethrone, both Ethereum and Bitcoin by the year 2020. This partnership shows his commitment to this prediction. He had this to say about the announcement through the press release:
“We are happy to be a part of this project since we can clearly see the strong team, disruptive and self-sustaining business model and, what is more important, the real value it can bring to the crypto community”
Current market analysis of BCH indicates that it is in the lower levels of $1,181 at the moment of writing this. The coin that is being predicted to overtaking BTC and ETH has had better times in the markets as was seen on the day BCH was added on Coinbase. The coin managed to reach levels of $4,000. This shows that BCH does have the potential of orchestrating the said flippening.
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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.
Image courtesy of Marco Verch via Flickr
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
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.
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…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
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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