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So you want crypto to make you rich? Look at Electroneum and Graft

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Do you remember the time when Microsoft, Yahoo and Google stocks created millionaires out of nothing? (Please don’t mention Facebook). It’s expected that cryptocurrencies will do the same trick real soon (Electroneum and Graft could help, I’ll tell why later). It did it already, as investors who came into the market between 2010 and 2017 had the chance to have great gains when Bitcoin hit the $20,000 mark.

The current year has been lousy, but the best is yet to come. 2018 has been under the bear’s hug all year. Most coins have gone down by something like 90% which is not great news for speculators. It would be terrible news if you bought when everything was high (last December). But for smart investors and aficionados, this is the best of all times. This is the time in which you can buy cheap and then sit back and see how prices go up as the next bull run arrives. And it will come. We don’t know when, but it will.

The question is: which are the best baskets for your eggs? In this article, we will suggest two. Of course, you will need to do your own research and make your own decision. We are not financial advisors; we just point the way in directions that make sense.

Electroneum

In a market that has been going steadily down, Electroneum (ETN) has been going up. Almost 400% over the last month.

The reason for Electroneum’s success is real-world demand for the token. You can mine this coin by just installing an app on your mobile phone and then it’s useful for any kind of micropayment you could imagine.

This makes a cryptocurrency useful for lots of people all around the world who don’t have access to bank accounts or other services offered by the traditional financial system. And this kind of demand can only grow up.

Among the factors that have been holding adoption of cryptocurrencies all over the world are regulations. Electroneum is fully compliant with regulations. This means it can only keep growing in demand and value, very quickly, quite significantly. If just a few strategic partners adopt Electroneum sometime soon, it will take off in a spectacular way.

Electroneum is very cheap now. And you can get some for free if you just install the app. Keep an eye out for it; we believe you won’t regret it.

Graft

Graft is not in the limelight the way Cardano or Tron is, but you should have a look at it. It has the same potential as Electroneum to outperform the current (and future) market.

This is a currency that aims to give everybody easy access to settle payments instantly in any way you want, be it crypto or fiat currency. It’s like Ripple for the masses, not just for banks.

Because of that appeal, traders and merchants are integrating Graft (GRFT) into their platforms very quickly and that will create trade volume and demand which will, in turn, raise the coin’s value. Remember: in the long term it will be usefulness, not speculation, that will decide which tokens rise in value and which ones will disappear.

Graft has also tried hard to comply with international regulations, which makes it a safer bet than many other crypto-coins.

Right now this is a somewhat obscure project, but it’s so well designed and useful that, as far as we can tell, the future looks bright for it.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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 Stevebp/Pixabay

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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