Connect with us

Bitcoin

Buy Komodo (KMD) Ahead Of A Recovery

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Komodo (KMD) is a coin that’s attracting a wave of speculative attention right now, despite the dip in volume we are seeing in the wider cryptocurrency space on the back of the Christmas and New Year breaks.

The coin ran from $2.95 on December 11 to more than $12 a piece by December 22 – a run of 306% in an 11-day period.

As things stand, we’re currently seeing something of a correction, with KMD trading in and around $8.50. We think this correction could be a nice opportunity to jump in and pick up some cheap coins ahead of a return to the upside.

Here’s what we’re thinking.

It’s worth noting here that the cryptocurrency space as a whole has undergone something of a correction over the last week or so but that, really, this isn’t a major concern. It’s the holiday season and the end of the year. People are exchanging to fiat to cover the costs of the period and taking profits ahead of the end of the year for tax purposes.

We’re almost certain to see a post-holiday boom pretty much across the sector and this boom is going to filter down from the big names (bitcoin, Ethereum, Litecoin) etc. to those coins at the lower end of the market capitalization rankings.

KMD is included in this.

Anyway, let’s get back to the point. What’s this one all about?

KMD is the cryptocurrency associated with a platform called (not surprisingly) Komodo and this latter platform is designed as a platform on top of which developers can build decentralized applications. Some readers will be thinking we’ve heard all this before but that’s not entirely true. Sure, there is a bunch of Dapp building platforms out there right now but Komodo is ahead of the pack for a few reasons.

KMD Daily Chart

KMD Daily Chart

First, it allows for the creation of private blockchains that underpin the applications being built, which then link into the Komodo blockchain.

Second, this blockchain linking network type setup then allows for a link to the bitcoin blockchain, which serves to underline the security side of the equation.

Third, BarterDEX. Technically, this isn’t a feature of the Komodo platform but that’s not too important. BarterDEX is a decentralized exchange built on top of the Komodo platform and – in many ways – is the first of its type. Why? Because it’s powered by what’s called Atomic Swap technology.

Anyone that’s spent a bit of time in this space over the last month or so will know that scaling issues and, specifically, issues associated with transaction fees and costs are a hot topic, especially as relates to bitcoin.

With the lightning network expanding (as allowed for by the SegWit fork), Atomic Swaps have become one of bitcoin’s best bets as far as overcoming these scaling issues are concerned and no company or exchange is as far ahead of the rest of the game in this arena than is Komodo. For anyone new to Atomic Swaps, it’s essentially a method of converting coins from one format to another direct from blockchain to blockchain, without having to go through a third party exchange. You can swap BTC for LTC, for example, or KMD for ETH, direct from chain to chain, based on a trustless contract that ensures both parties get (and do) what’s required from the transaction before it completes.

And it’s BarterDEX that’s really driving our bull thesis in KMD right now. If the Atomic Swap drive continues (and, given the current climate, we fully expect that it will) then BarterDEX is going to become a heavy hitter in the sector very quickly, pulling Komodo with it.

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

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Komodo

Bitcoin

Stepping off the rollercoaster: Why I’ve fallen out of love with Bitcoin

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

The very word Bitcoin has almost become synonymous with that of cryptocurrency. It’s basically just a medium of conducting digital transactions – it’s a virtual currency and one of many. So how has it taken on a definition of its own and asserted itself as a leader in the digital financial ecosystem?

Bitcoin has been crowned king of altcoins, probably because it was one of the earliest and most successful of its kind. The trendsetter has ushered in a wave of cryptocurrencies built on decentralised P2P networks and has inspired a growing number of followers and spinoffs. But is Bitcoin struggling to keep up with the newcomers who have made considerable developments to the stability, security, and usability of the crypto world?

The supporting case for Bitcoin has been a clear one. Its pioneering infrastructure has situated it in a position of dominance in the altcoin realm. Bitcoin has a proven usage case as a store of value. Having existed over 8 years without failure, it has a large lead over most altcoins and has withstood the test of time as younger counterparts join the market. However, it seems to be on a downward slope, or at the very least, not progressing at the speed of the market.

In May this…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite