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EOS strides towards recovering its record against Bitcoin

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EOS
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EOS project is wonderfully making its way through the cryptocurrency market. The initiative, whose primary objective is to introduce a new architecture for blockchain, is gaining a humongous ground in the market reaching some of the most outstanding results — including against strong cryptos such as BTC (Bitcoin).

The technology behind this performance is built with the intention of enabling both vertical and horizontal scaling for decentralized applications; a fact they achieve by creating sort of an operating system in which several applications can be developed.

As the company’s white paper establishes:

“The software provides accounts, authentication, databases, asynchronous communication, and the scheduling of applications across many of CPU cores or clusters. The resulting technology is a blockchain architecture that may ultimately scale to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment and maintenance of decentralized applications, in the context of a governed blockchain.”

Like this, the project continues reaping success. Once again the token is heading its own peak against nothing but the strongest of the market; and as if it wasn’t enough, it may also register a two-digit price in dollars soon.

Let’s recall that EOS had a significant growth on the sturdy Asian trading market, getting to an outstanding value of $9.03 per unit. The same way the asset surpassed its past value of $5 in only just one day, a period in which it managed to get to prices oscillating between 8 and 9 dollars. To this, the daily auction too did reaction passing as well to the $8-9 territory.

As a consequence of this, price manipulations speculations increased extraordinarily, even more after EOS had decided to move its funds. It is still uncertain who are the ETH backers performing on the daily auctions, in fact, a few people believe the project could be recycling a part of the ETH collected and also making its price to grow artificially.

The project recently experienced a collection of over 30,000 ETH units on its daily auctions and even got at one point, to the number of 40,000 ETH, which would definitely have to lead to a notorious bullish behavior of its relative price.

Nonetheless, results were not that significant. In fact, it maintained relatively calmed daily amounts, and its market appreciation remains the same, so there’s a place for arousing doubts.

The EOS token won’t actually have a determining role on the network, but in contrast, it will be a very crucial piece for potential node holders. The network of the asset will develop a system composed of 21 block makers which will achieve a consent. In order to achieve that status, holders of a large-scale level might have acquired EOS already, and if not, they may be planning to acquire the asset in the short term.

Like this, with the several daily actions that still remain to happen, and with almost two months missing to launch the mainnet, the massive promotion of EOS may be changing abruptly. Currently, the majority of the EOS trades are solely speculations on platforms such as Huobi, Bithumb, and Bitfinex, but the truth is the real numbers of the network are somehow undiscovered.

In the current time, the EOS project has not created any advances beyond the DAWN 3.0. It is clear that the team is putting all of its efforts in order to construct a well-crowdy community, but for the moment it all reduces to merely hopes.

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 fdecomite via Flickr

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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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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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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