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

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EOS
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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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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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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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