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EOS heads towards $9 again as the coin continues its success walk

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EOS
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The crypto-market has been facing many ups and downs over the last few months. Some coins have gone down quite low that it is becoming challenging for them to get back. However, some of them like EOS has been progressing despite all the shamming of the market.

EOS works towards helping developers build decentralized applications, and, this is something that is attracting a lot of developers. The model in which the platform is running looks quite promising; as its scalability is quite massive. One positive thing that makes this platform better is that the very same developer is allowed to build many similar applications on the blockchain platform.

EOS seems to be moving towards success over the last couple of days. Over the last 24 hours, the value has been getting closure and closure to $9, and it looks like it will go higher.

It was also noticed that EOS stands with $6.6 billion value in the market cap at the moment (as per April 17th). Because of its decentralized nature, more companies are using EOS — making it quite significant in the crypto market as the time is passing.

Although the news does not guarantee a consistent hike, it has been speculated that investing in EOS at the moment can be profitable as there is a good hike in its value.

Here, right below, I’d like to shed light on few latest EOS happenings:

  • At the beginning of the year, EOS saw a value of $18. Later there was a dip in its value because of the fall in the crypto market as a whole. At the moment it is slowly recovering and has reached almost $9, is at $8.45 to be exact. This upward movement seems to be quite promising and is soon expected to go up, to the point where it could even reach $15 and higher.
  • It was also absorbed that EOS was one among the few others to start off with the surge. In fact, the coin was followed by a few others that witnessed the surge as well. This points out that EOS might be leading the way for many other platforms in the future.
  • Other coins such as Bitcoin and Ethereum are still seeing a slow progression, but EOS seems to be picking up quite fast. Undoubtedly, this is a favorable sign for the company.
  • Over the last week, it was seen that EOS went above 30% of a hike getting into the top 6 in ranking. (As of 17th April, the ones that stand ahead of EOS are Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin).

What are the negative signs to look out for?

  • One thing that EOS needs to maintain is the $8 threshold. It is apparently not the limit, but if it goes below this mark after reaching there, then it might lose its value in the market.
  • There have been a few critiques of EOS. Earlier, John Oliver, the talk show host, had criticized EOS in March and spoke about the lack of seriousness in the company.

How does EOS look now?

All in all, the growth that EOS has been observing seems to be positive. Earlier this year, in January, it was in the top 10 after which it progressed to the 9th place in March. Earlier this week it again shot up to the 6th place and is maintaining its position rather nicely as of now. The coin is likely to top Litecoin in next couple of days!

We will be updating our subscribers as soon as we know more. For the latest on EOS, sign up for our Telegram!

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 DennisM2 via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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