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Crypto takeoff: EOS, TRON, and Stellar stepping solidly in the market

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If the question is which are the cryptocurrencies currently having remarkable behaviors in the market, the answer without any doubt features EOS, TRON (TRX), and Stellar (XLM). But what’s exactly going on? Let’s find out what these coins are doing and how the crypto market is receiving that.

EOS

The current selling price of EOS is 17.60 dollars per unit, a number granting the coin with a whopping 58% increase in a week.

EOS token has been having a bullish behavior all week, and it all seems to point it will continue making outstanding gains. One of the factors that may have been collaborating with this is the new listings that the coin gained in diverse cryptocurrency exchange platforms, among we can find Zebpay and eToro.

Additionally, a group of exchange platforms betwixt we can find Huobi and Bitfinex, have suddenly become very attracted to the EOS blockchain, and as a consequence, are seeking to produce blocks on it.

Similarly, the Software tech company Object Computing (OCI) broadcasted a webinar this Thursday – in which they explained how to build DApps using the EOS platform. The webinar is not available at the moment, but users have the chance to request a recording of it directly on the OCI site.

On the webinar, the main capability factors of EOS were elucidated, and the same way, viewers had the chance to see closely how a DApp set up works.

Shortly, we may potentially see a large group of EOS DApss appearing in the landscape. And that makes us wonder, how long would it take for EOS to reach the price of $20? Apparently, not that long!

TRON (TRX)

The current selling price of TRON (TRX) is $0.07745 per unit, a number granting the coin with a 41.30% increase in just the last seven days.

Indeed, TRON has returned to fight against the giants of the market! The current position of the token in the rank of the best cryptos is the number 10, with a market cap of $5.1 billion. However, this is not the first time the virtual coin has been ranked as the 10th largest coin, in fact, not so long ago it was also the number 10 but later on it got kicked and moved backward on the list. Would it this be the time of TRX to remain as one of the ten most important virtual coins on the market?

TRX has been recently added to the crypto exchange platform, Zebpay. That may be one of the reasons why the coin has been behaving so bullishly.

Nevertheless, it’ not only a fact of listings in reputed exchange platforms, the coin has been gaining a lot traction among users as well. Social media has been very supportive with the token, in fact, the founder Justin Sun, established on Twitter:

Stellar (XLM)

The current selling price of Stellar (XLM) is  $0.41352 per unit, a number granting the coin with a 7.22% increase in just the last seven days.

In fact, Stellar was the coin leading the top 10 position holders’ rally in the market not so long ago. However, it got displaced by both EOS and TRON just recently.

As with many other virtual coins in the market, Stellar is working on building up relationships that may boost its behavior. In fact, on May 1st, the Stellar team will fly to Dubai to attend a blockchain/fintech reunion. As the company itself has announced in a recent tweet, there’s still enough time if you want to register for the Dubai Meetup. So what you’re waiting for?

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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 Roo Reynolds 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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Altcoins

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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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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