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Cardano (ADA), NEO, EOS Bull Run To Start August

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After a small price increase at the end of July, many crypto price analysts believe that August will be the month when the real bull run will come.

Is a new bull run about to start?

The current crypto market cap is at around $300 billion, which many price experts decided to view as a sign that a new bull run is about to take place. The current situation is similar to that of the early June when the market cap was last seen to hit $300 billion in total. Back then, the market was still extremely bearish.

Now, the situation seems to be changing for the better, and in the last few days, the prices of many cryptocurrencies were on a rise. Since then, the prices once again dropped, but many see this as a small setback and are preparing for the real bull run.

The cash flow increased significantly last week when Bitcoin hit $8200, and many cryptos, including Cardano (ADA), NEO, EOS, and others, have seen several percents large increases. While not that many altcoins have seen big increases, Bitcoin was the one that led the price shift. Even so, the majority of the crypto supporters have seen this as a positive thing, and an indication that the market is ready for a period of recovery.

Despite the fact that there were some significant changes in the prices of several coins, there were also those who experienced some losses. Because of that, there are also some analysts with a pessimistic view of things, claiming that this situation might lead to the disappearance of several altcoins.

Right now, Bitcoin continues to dominate the market with around 46% of the money. However, this percentage fades in comparison with Bitcoin as it was back in 2013 when it dominated with 75-90% of the money in the market. Still, this is a significant rise from the situation as it was earlier this year when BTC’s market dominance went down to barely 30%.

What will happen to altcoins?

If we take a look at the cryptocurrencies’ short history, it is clear that the largest price shifts usually come at the beginning of the year, as well as at its end. For example, the last December has seen Bitcoin hit $20,000, while Cardano exceeded $1.20, and NEO managed to hit $162 per coin.

Then, as soon as January came, the majority of cryptos dropped significantly. In July 2017, however, Bitcoin lost much of its dominance, dropping to only 40%. At the same time, however, a lot of altcoins rose, some even threatening to overtake if the situation were to continue. Now, it would seem that the history is repeating itself for Bitcoin, with its dominance being at 47%. However, the same cannot be said for altcoins, which are dropping even more, instead of rising like they did last year.

This is the situation that has led to a lot of conflicting opinions on what will come next. Some believe that the bull run is about to start within days, while others claim that this might be the end of all altcoins. If true, then this latest price increase was the false sign of hope for many investors, and altcoins might truly be at their end. However, the situation might not be so grim, and a lot of altcoins might survive, even if the majority were to fall.

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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

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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