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Dogecoin (DOGE) Silently Making WOW Strides

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Dogecoin
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Dogecoin (DOGE) is cool and has been the fan favorite for memes and jokes in the Crypto-verse. But unbeknownst to most Crypto enthusiasts, DOGE is making some strides in the background in terms of popularity, project development, and market gains.

How popular is Dogecoin (DOGE)? WOW!

As much as the above title puts a smile on the reader’s face, DOGE has gained lots of popularity due partly to its mascot, the Shiba Inu Japanese breed of Dog. The mascot has become popular that even a Dutch TV channel (RTL Z) had placed a twitter banner with the famous dog on a rocket ship on the 19th of March this year.

DOGE banner

Secondly, there is news of DOGE developers creating a DOGE to Ethereum (ETH) bridge. Back in February, this bridge was tested when DOGE was sent to Ethereum’s Rinkeby Testnet where it became a distinct ERC20 asset on that blockchain. This even marked what many believe was the first incident of two blockchains communicating and a point to improve on to finally have blockchain interoperability across the Crypto-verse. The technology dubbed truebit that made this possible is also one of the efforts on the Ethereum platform to try and solve the scalability issues faced by it.

Thirdly, there was a release of an update to Dogecoin Core software on Github less than 3 weeks ago. This update named 1.14 alpha 3, is the third release of Dogecoin Core 1.14 and has fixed some bugs that had been identified in the previous release. There is still some more work to be done before the final release of the complete 1.14 version. This means that users need to be comfortable compiling the software themselves.

The biggest factor in the popularity of DOGE is the community backing the project and coin. The community numbers 117,553 members on Reddit and each member has mastered the DOGE language. This language simply shortens sentences with signature comments such as WOW! The community is very organized and they get together when there is a need in the DOGE community including sponsoring a Nascar race car back in 2014.

Current market analysis puts DOGE at a value of $0.0047 and down 2.22% in 24 hours. The coin is ranked 46 according to coinmarketcap.com and has a current market capitalization of $545.44 Million. This proves that DOGE is no laughing matter! WOW!

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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.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Hodium
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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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