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Buying Tron and XRP now is like Buying Apple and Amazon Back in the 90s

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We are on the cusp of something monumental in the crypto-verse. Institutional investors are knocking at the door of the crypto-markets that have for the last 6 months caused considerable heartache to die-hard crypto fans. But the HODLers know that the current bear market is only temporary for Bitcoin (BTC) is about to embark on a Bull run that will pull up the rest of the crypto markets including our favorite coins Tron (TRX) and XRP (XRP).

Evidence of the institutional investors can be found with the BlackRock firm openly showing its interest in blockchain technology as well as cryptocurrencies. There is also the Swiss-based SIX exchange that plans on launching a fully integrated crypto exchange. Coinbase has also been given the green-light to list crypto tokens from ICOs on its platform. This means it is all systems go for the highly anticipated rush by institutional investors to buy digital assets in the crypto-markets.

So why compare TRX and XRP to Apple and Amazon stock in the 90s?

Both stocks of Amazon (AMZN) and Apple (AAPL) were very cheap back in the 90s. Looking at the price of Apple stock (AAPL) at the end of 1998, it was only valued at around $1. The same stock is now valued at $190 twenty years later. This is a percentage increase of 18,900%. Looking at the price of Amazon (AMZN) stock in 1998, it was valued at an average of $20. The same stock is now valued at $1,846. This is a percentage increase of 9,130% in 20 years.

The cheapness in 1998 of these two traditional stocks can be compared to the current low value of TRX ($0.037) and XRP ($0.47). It will not take 20 years for these digital assets to show gains similar to those of AAPL and AMZN. No. The crypto-markets function at a faster speed than the traditional markets. One year in the crypto markets can yield wonderful gains of up to 10,000%.

Using the above value, in a year’s time, TRX and XRP could be worth $3.70 and $47 respectively. These prices are still below the current price predictions every crypto-trader has been mentioning with the news of institutional investors getting ready to get into crypto investing.

Summing it all up, it is said that the early adopters of any technology or investment instrument are initially thought of being insane. But once the gains start trickling in, they are usually referred to as financial gurus when in actual fact, what they did was to follow their gut. There is nothing wrong with following your gut. That gut will earn you a handsome return in the near future.

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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 James Duncan Davidson via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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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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