Connect with us

Blogs

Current EOS consistency might be the start of something extraordinary

Published

on

EOS
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency markets are very competitive, and several tokens have made records in price increase; lately, EOS is doing very well.Today the token has reached the highest price of $14.48 this represents an increase of a whopping 60.5% within the last seven days. As of today, even after the unfortunate news of MyEtherWallet hacking after which all the crypto market got scrambled again, the EOS price, unlike all other cryptocurrencies, still didn’t go down dramatically.

The way that EOS has performed in the market indicates that it has achieved high gains since the beginning of April. At the beginning of the month, the price of EOS was around $6, but the introduction of EOSIO dawn 3.0 version has helped the cost of EOS to increase day after day.

Tracking back to January this year, EOS price reached at the all-time high of $18.23, but with the current trend that is being experienced on the EOS price increase rate, it is predicted that soon the price will supper that record.

EOS price projection

The price of EOS is expected to rise even further. Experts have proved that EOS has a potential of reaching double-digit dollar in quick succession of time. The EOS’s rise apparently can be compared to the increase in price that was experienced by Ethereum (ETH) before ICO boom that began mid-2017.

At a certain point in April before the record increase, the Ethereum price was around $50, but after mainstream media started reporting crypto, the price of ETH began to increase sharply and reached a value of approximately $730 at the end of the year.

It is expected that at around June this year, EOSIO 1.0 will be introduced into the market. But until now, the exact date has not been confirmed. Still, this gives us hope that the tokens that are much anticipated by many people will soon be available to the market. EOSIO 1.0 will provide the developers with a new option for developing decentralized applications.

Potential effects of EOSIO 1.0 launch on EOS prices

The launch of EOSIO 1.0 will make EOS token to convert to a new platform. After this migration, EOS will become a coin. Past occurrence in the crypto market has shown that whenever many people await a coin migration, the token experiences considerable increase of price in the market. Both EOS and Tron more likely are following the same sequence with their Mainnet releases expected in June and may respectively

Basing my argument on the trend that has been experienced on the EOS market price, I can conclude that this may be a beginning of something special. The price of EOS is going to surpass many other tokens, and it is on its way achieve all times highest price.

For the latest cryptocurrency news, join our Telegram!

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 Maciek via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite