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Here Is Why $35 per EOS (EOS) By End Year Is Still A Low Prediction

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EOS (EOS) is the talk of the town also known as the crypto-verse. The new blockchain project promises to fix the issues on the Ethereum Platform as well as take away some of its market share in the smart contract industry. The current issues of a constitution are still eons ahead as to how Ethereum is governed by a foundation and not its community. The fact of the matter is that pure decentralization cannot happen immediately as everyone wants it to happen. One is tempted to point out that Ripple (XRP) is currently starting to decentralize after 6 good years in the industry and as a centralized project.

But we are digressing. Let us concentrate on the matter at hand. There has been a lot of talk on the web that EOS will probably finish off the year at a value of $35. This is due to the fact that its MainNet is running and its bull run could be similar to how Ethereum managed to sprint through massive gains in 2017. By this time last year, ETH had spiked from $10 in January 2017, to being valued at $285 at the beginning of July. This is a percentage gain of 2,750% in 6 months.

ETH would then peak to $844 by mid-December: a gain of 1,960% from the July levels.

So why was ETH gaining rapidly?

To begin with, it was ICO season back in July to December of last year. Most ICOs used the ERC20 protocol. A second reason is that Ethereum had the momentum and hype surrounding it. Something similar to what EOS has right now.

So what is a good EOS price prediction?

A conservative estimate puts the gains of EOS by the end of the year at 1,000%. This means at current levels of $9.11 at the beginning of July, EOS will be valued at around $91 by December or even more.

But how will EOS make those levels?

The platform has the momentum similar to the one possessed by Ethereum back in mid-2017. Everyone is talking about EOS. Even the Chinese government currently ranks it as the number one blockchain platform ahead of ETH and NEO. If a whole government loves a project, it must be extra good.

A second reason is that the creator of EOS, Block.one, wants a complete overhaul of the constitution. This news has brought back investor confidence and EOS has spiked 10% in the last 24 hours. The coin has had an impressive rally since the announcement was made 5 days ago at the moment of writing this. The intention to overhaul a constitution can be compared to what happens when actual nations change their constitution. More investors come in for they know that the country is progressive. Therefore, this is a sign that EOS is also progressive and the investors are noticing.

A third reason is that June 2nd might just be the start of the 2018 Bitcoin (BTC) bull run. What happened on this date is that Bitcoin broke free of the $6,200 levels it was hovering around and went up a few hundred in value to settle at the current levels of $6,640. A healthy Bitcoin means a healthy crypto market and EOS will also ride the wave of good fortune.

In conclusion, EOS is on its way to repeating, and perhaps eclipsing, the achievements seen by Ethereum last year on two fronts. The first is market performance and the second is EOS being the platform of choice for DApps and ICOs. Let us sit back and enjoy the ride!

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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.

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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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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