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COB is undervalued – Market price should rise soon

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COB
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Cryptocurrencies are stealing all the headlines these days, performing extremely well in 2017 and attracting more investors in 2018. At the moment, there are over 4500 crypto-coins going around, each designed to serve a specific purpose and to contribute to the financial and economic growth worldwide.

Outcomes of Blockchain technology

Even if the crypto market has gained in popularity since 2013, the first digital coin to be invented was Bitcoin in 2009, being the first decentralized crypto, that paved the way for the revolutionary blockchain technology.

“The size of Blockchain technology market is projected to grow to over 2 billion U.S.dollars by 2021.”

Consequently, along with blockchain innovations, virtual trading has increased drastically as people are switching from fiat-based financial system to a blockchain-based one. Furthermore, crypto trading volume surpassed stock trading volume by August 2017.

Taking advantage of the many benefits blockchain has introduced, Cobinhood, the first zero trading fee exchange platform, has upgraded to handle modern demands in the market. In fact, its creator, Popo Chen, pointed out that before launching this platform, he looked into the real issues affecting the current online exchange system.

Issues in the Cryptocurrency Market

Like any novel movement, digital currencies have their inconveniences, aspects that should not be neglected by investors or users. The most frequent are:

  1. Inefficient Real-Time trading – A cryptocurrency exchange is a marketplace for buying, selling, or shorting digital assets. To trade, the exchange uses a sophisticated trade matching software, which links the buyer and seller, and facilitates the trade between them. Unfortunately, since the immense growth of digital coins, issues such as delayed orders or limiting trading APIs arose.
  2. Asset Security Problems – Many trading platforms have been the target of hackers. For instance, Bitfinex was hacked recently, and it lost 120k Bitcoin, which today are valued at more than $1bil.
  3. Unexpected Shutdown – Although it is a common aspect of trading platforms, it can have serious effects on coins, leading to other worrying results. A popular trading platform like Coinbase, had three shutdowns in one day resulting in a decrease in value for bitcoin.
  4. Limited FIAT currencies supported – Since there is a great range of different crypto-coins, many websites support only one fiat currency, whilst others do not provide fiat deposit or withdrawal at all.
  5. Slow Customer Service – customer services are slow, especially when there could be thousands of users that demand identity verification at once. In some situations, there is no one to even respond to inquiries.

How Cobinhood Solves These Problems

Cobinhood’s features were specifically designed to overcome pressing obstacles that stand in the way of traders and investors worldwide. The main ones are:

  1. Zero Trading Fee – There are no trading fees for spot and margin exchanges, in order to maximize profits globally.
  2. Offline Multisig Wallet Security System – All crypto assets deposited on their platform will be stored in an offline multisig wallet – considered to be the safest strategy to protect your income.
  3. 100% Reserve Guarantee – To ensure no embezzlement of traders’ funds, the reserve guarantee was introduced. Plus, it makes public all online and offline wallet addresses for public audit.
  4. Assets Backed by Insurance – In order to fully recover any assets, all users’ online wallets are backed by insurance.
  5. Wide Range of FIAT currency supported – Users are able to choose their desired fiat currencies for withdrawals or to make funds deposits. Examples of FIAT currencies include USD/EUR/JPY/KRW/CNY/GBP/CAD, and others.
  6. Full-time Responsive Customer Service – Cobinhood provides 24/7 online customer service to ensure consistency on the website and to keep all users satisfied and guided professionally. In case customers need assistance, success specialists can be reached via the COBINHOOD website or mobile app.

Apart from the previously mentioned features, Cobinhood also launched their token symbol – COB, that has many utilities and brings a lot of advantages for token holders. To be more precise, users will be eligible for several privileges: 50% off margin trading loan interest when paying with COB tokens, along with getting future ICO tokens at significantly lower rates.

Just as important, COB is based on the Ethereum ERC20 token standard, and the tokens issued by the ICO can only be purchased with Ethereum. Additionally, as the cryptocurrency and the ICO market grows, COB token holders may receive additional types of tokens. As a result, the market value of COB token is expected to rise more since now it’s undervalued.

In case you are interested in finding more details regarding this flourishing crypto, check out their website.

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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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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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