Connect with us

Blogs

EOS Is A Shining Star In The Cryptoverse

Published

on

EOS
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto market enters into a profit, recovering from a major price slump, some of the top altcoins are witnessing smashing gains. Speaking of the crypto rally, the EOS market has been on the winning side. Much to investors’ delight, the price of EOS gained 15 percent on Tuesday, overthrowing its contenders to win the top spot in the uptrend.

As per the price records, the overall value of EOS moved from $13.40 to $11.71 on Monday. The uptrend, which began in the last week, has reached a new height this week. With over 15% surge, it has grabbed the second-best spot in the crypto rally.

EOSDAC Airdrop: The Catalyst for EOS’ Price Hike 

Going by the general trend of the price movement, the value of a coin soars high during an airdrop event and drops once it occurs. While much of the credit of the price hike can be given to the much talked about EOSDAC airdrop, it’s important to appreciate other major factors which have helped to sustain the performance.

South Korea Observes Kimchi Premium as EOS Peaks the Price Chart   

The upsurge of this popular altcoin also coincides with a surge in the trading volume in South Korea, where it is trading at a high of $0.16 on international exchanges. Going by the figures, the EOS/KRW pairs on exchanges like Bithumb and Upbit are responsible for the steady $629 million price volume. When compared to Kimchi Premiums observed on trading platforms in South Korea, this one is not so severe. However, the spread between KRW and other trading pairs signals the rise of local demands of EOS as the overall crypto market gears up for a bull run.

Huobi to Tie up With EOS Blockchain

If you are an EOS investor, you must be familiar with the talks of a partnership between Huobi and EOS blockchain. As per the latest news, Huobi pro has disclosed that it is looking forward to becoming a block producer on the EOS blockchain. Based in China, Huobi Pro is regarded as the third largest crypto exchange in the trading world. With trading volumes of around $2 billion, at the time of writing, EOS tops the list of the most promising altcoins. Like any other popular currencies, EOS allows its investors to use smart contracts; the only difference is that it relies on a consensus model which is also known as delegated proof of stake. By definition, the proof of stake model signifies the mining power in a blockchain powered by tokens held by users/nodes. Unlike other traditional systems, this technology breaks the monopoly by offering suitable incentives.

eToro Lists EOS Ahead of Its Upsurge

With the price Bitcoin recovering from a major setback, it has been a big year for the altcoins so far. As a major competitor in the field, EOS has armed itself with many exciting updates to outpace its oppositions. As evident from the recent developments on EOS blockchain, this rising altcoin is all set to embrace the bull run.

In response to the growing demands of altcoins, many significant exchanges are adding lesser-known currencies. With EOS heading towards a major price rise, the news of its listing on a popular exchange did not come as a surprise to investors. As per the latest updates, eToro, a renowned exchange for trading cryptocurrency, has listed EOS to its platform. Backed by 9 million users, eToro features among the leading destinations for investing in cryptocurrency. Apart from facilities like the opportunity for investors to invest in more than 1,500 financial assets, eToro also permits its users to copy the trades of the seasoned traders. Its CopyFunds option, which enables users to access killer investment portfolios, is something to watch out for. As of now, the platform allows investors to access all the leading currencies like Bitcoin, Ethereum, Bitcoin Cash, Ripple, Ethereum Classic, and Dash, apart from the latest addition, Dash.

Final Thoughts

In the light of the recent developments, EOS comes across as a potential threat to the big market players. Events like EOSDAC airdrop, listing on eToro, and Huboi’s plan to join EOS blockchain as a block investor, are major influencing factors at the moment. Overall, the EOS market has witnessed a positive growth in the last few days. Trading at $14.17 at the time of writing, the market capitalization of EOS stands at $11,545,322,629. Going by the price trends and its positive market response, EOS can be the next big thing in the crypto space.

For the latest cryptocurrency news, join 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 Dirk Dallas via Flickr

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite