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Electroneum ETN Sees Significant Price Surge

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Electroneum ETN attracts the attention of investors

It would seem that the crypto market has finally on the path of recovery once again. Nearly all cryptos are currently trading in the green, with Bitcoin (BTC) being only cents away from $6,700 mark. However, the true star of the show right now is Electroneum ETN, which has experienced quite a price surge in the past few days.

Back on September 5th, Electroneum news hit the media as the coin spiked up by over 25% during the one-day period. The previous week has seen another rise, this time by 23% against the dollar. The coin continues to rise even today, with its current price being $0.007599 after a 17.45% increase in the last 24 hours.

It has a market cap of over $60 million at the time of writing, and over half a million worth of this coin is being traded on various exchanges per day. The coin can be bought on Bitbns, Cryptopia, Cryptomate, and CoinBene, among others.

About Electroneum ETN

Electroneum news has brought this coin to attention to a lot of investors. However, the coin is definitely among the lesser-known ones, especially considering its position on the list. Electroneum currently takes up the rank of 93, which might change soon, considering the new changes.

It is a project that uses Proof-of-Work and the Cryptonight hashing algorithm. Its trading started last year, around November 3rd, and since then, the coin has developed a very supportive Reddit community.

Electroneum is currently available at numerous exchanges, although it cannot be purchased via the US dollar at the moment. As the coin becomes more interesting, this might change. For now, however, it can only be acquired through Bitcoin and Ethereum exchange deals.

Price predictions

The coin is currently seen by a lot of investors as a high-risk investment, but there are some price predictions that work in its favor. One of them claims that the coin will reach $0.44 by December of this year. While hard to imagine considering its current price of $0.007599, the crypto world has made even larger leaps in the past. All it takes is the right period and a decent bull run.

There are additional predictions for the future of the coin, some even claiming that it can hit $2.44 in the next five years. The opinions are, as always, quite different, depending on who is doing the predicting.

Is it a good investment?

Experienced investors can learn a lot about the coin by checking out its aspects, and Electroneum is no different. Now that Electroneum news has attracted attention to the coin, a lot of investors have seen that the coin is actually quite good.

It has a confident team, well-defined goals, as well as a strong community.

While it is not perfect, and it has a lot of technical challenges that it needs to tackle before joining the top of the list, the coin is certainly not bad. Anyone interested in it should certainly keep an eye on the coin, for in the right conditions, it could still rise beyond all expectations.

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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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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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