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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

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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