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

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Electroneum
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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

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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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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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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