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Current EOS consistency might be the start of something extraordinary

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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.

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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 Maciek via Flickr

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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