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The future is bright for DigiByte (DGB), here’s why

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Technology is not only evolving, but accelerating, throughout the world, and in turn, the world is becoming more interconnected than ever. One of the most significant current technological trends is the Internet of Things, which means that the world will be even more interconnected than ever.

That makes cybersecurity even more of an essential modern issue because this means that our data will not only be on our personal devices, such as our laptops, smartphones, and more but also will be on the devices that we interact with in our daily life.

One of the main reasons that bitcoin has been able to grow exponentially in value over the last decade is because of the global financial crisis of 2008, where many human beings around the world realized that the banks and financial institutions that they trusted to hold their money were not working for them.

But instead, people thought banks were doing everything that they can to profit, even at the expense of those who were buying their home for the first time, unaware of the crisis that was about to unravel that would lead to an entire housing sector slump that would last for years.

Digibyte can undoubtedly address the cybersecurity issues of today and is more necessary than ever. It doesn’t matter whether you are an individual or a corporation; data is vital in all of our lives, whether it is of a personal or professional nature.

For example, we all know that identity theft is as prevalent as ever, claiming millions of victims every year and causing billions of dollars of economic damage.

Digibyte seeks to solve this problem through a service called Digi-ID, where blockchain technology is used to verify your identity, rather than the outdated system of usernames and passwords.

That isn’t merely about peace of mind, but it is also about a competitive edge. We know that even the most powerful companies are victims of data breaches and hacks, and as a result; their brand reputation takes a hit, and the consumer trusts them less, which could cause the company to lose substantial market share. Digibyte could offer the perfect solution to ensuring that your consumer data is safe and that your brand identity is preserved.

Also, countless companies spend millions a year on complex security solutions, only to find out that their security strategies weren’t as effective as they thought.

In this manner, Digibyte doesn’t offer a more efficient solution through blockchain technology, while simultaneously helping the bottom line, and increasing profit margins for companies, whether they are small or large.

We all know that cybersecurity is essential for both individuals and corporations, and it is a problem that isn’t going away any time soon because we are all more interconnected than ever thanks to technology.

Since Digibyte offers a solution to this issue; it is clear to see that there is massive room for growth for the project. Of course, no one can predict just how far high Digibyte can go, but a dollar seems like a possibility, once the market realizes the massive potential here.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by McKayla Crump on Unsplash

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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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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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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