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Crypto Trends to Watch in 2019

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Cryptocurrencies are growing at an increasingly fast rate with traders across the globe drawn to crypto markets by the exciting prospects of the technology. Bitcoin is the most expensive virtual currency currently, valued at $6,388.99 per unit, according to Statista.com, and Litecoin is helping to lead the way too. While cryptocurrency had somewhat of a nerdy stigma, that’s all changing as it becomes accepted in more and more places from Charleston coffee shops to artisan food stores and hipster fashion retailers in San Francisco.

Just about every expert predicts that cryptocurrency is only going to continue to become more popular, what are some of the other crypto trends to watch for in the coming year?

Blockchain Implementations Will Grow Significantly

Blockchain spending by organizations have been slower than expected this year but that’s been predicted to change in 2019. PricewaterhouseCoopers, a company that works with many of the world’s biggest businesses, recently reported that many of its customers are spending a ton on blockchain initiatives and that that spending will continue to grow. The demand for blockchain advisory services has been as high as $1.7 billion.

Ripple May Be the New Bitcoin

For institutional investors, the highest level of confidence among cryptocurrency is expected to be Ripple in 2019, followed by Bitcoin, Ethereum and Stellar Lumens.  Financial expert Douglas Borthwick who frequently contributes to Bloomberg and CNBC, says he believes that many fiat currencies will be paired with Ripple as the dollar requires a two-day settlement. On the other hand, the settlement for Ripple is immediate. He also notes that Ripple will see massive growth value due to the sheer size of global markets and this real-world application. He even went as far as saying that there is zero competition for Ripple as it can be settled in only seconds.

Ripple is the only enterprise blockchain solution in the world, a unique cryptocurrency that facilitates global payments, digital asset exchanges, connect banks and payment providers. It’s also the most affordable mainstream cryptocurrency, with the simplest and most accessible transaction system. 

More adoption of security tokens

The utility token is a token that represents shared ownership of a digital resource. Computing power, processing power and file-storage capacity are all examples of digital commodities that can be purchased and sold on a decentralized marketplace due to their discovery. They contribute 31% of the crypto market as a whole. Unlike utility tokens, security tokens represent ownership in a real-world asset: debt, equity or even real estate. Experts say there is quite a bit of forward momentum around tokenized securities, so much so that many believe they’ll soon become a common part of Wall Street parlance.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Pixabay

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Neteller to Launch a Crypto Exchange

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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

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MGO Will Likely Generate Substantial Gains During 2019

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My new year’s resolution is to put the past year behind me and start fresh.  This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible.  When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition.  Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets.  MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.

MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months.  While most altcoins were plunging by more than 90%, MGO is only down about 50%.  And, since September, the MGO token has exploded by more than 200%.  These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.

Xsolla is a global powerhouse within the gaming industry.  It’s a gaming platform that provides developers with critically important services such as marketing, billing, distribution, payment processing, and fraud prevention.  Xsolla’s pay station allows for every developer in the world to monetize by providing 700+ payment types.  The company also has a global presence that is unmatched by reaching 200+ geographies, utilizing…

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BlockchainDefender Reports on a Lack of Trust in the Crypto Industry

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BlockchainDefender
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The cryptocurrency industry reached its peak market capitalisation in January 2018, nearly reaching $800 billion. However, even with such a large market capitalisation the industry faces a lack of trust.

BlockchainDefender recently released a report examining this lack of trust.

Questions Answered in the Report

Within the report, BlockchainDefender clearly outlines its goals. The first question to answer lines up with the title of the report and asks how market sentiment affects the market capitalisation of a cryptocurrency. The report also aims to determine which digital currencies have the best and worst online reputations, spot variations in digital currencies’ reputations by countries, and see where the online negativity most frequently gets published. The second section of the report compares the online reputation of traditional trading exchanges with crypto exchanges, and the final section explores the impact of a crisis on a cryptocurrency’s price.

Market Sentiment, Trends, and Capitalisation: Study One

The first study of the BlockchainDefender report begins by confirming that the number of searches for cryptocurrency and the online sentiment regarding digital currencies correlate with the global market capitalisation of the crypto market. This is confirmed via ups and downs in all values from January 2017 to July 2018, all clearly displayed on an easy-to-read graph.

To examine differences in online sentiment towards cryptocurrency in various countries, BlockchainDefender used search results and analysis in each country’s native language.…

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