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EOS Is A Shining Star In The Cryptoverse

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EOS
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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.

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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.

Image courtesy of Dirk Dallas via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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