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Here Is Why IOSToken (IOST) Will Not Disappoint Moving Forward

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The crypto-markets have been relatively stable the entire week with many traders happy that Bitcoin (BTC) has maintained levels of between $7,500 and $7,600. The King of Crypto is currently valued at $7,670 and up 0.39% in 24 hours. Ethereum (ETH) is also enjoying a steady level of above $600 and is currently trading at $607.

Further down on the list of cryptocurrencies, is a gem of a token known as IOSToken (IOST). The token is currently ranked 51 in terms of market capitalization for its market cap is at $340.3 Million. The IOST token is not minable with a total supply of 21 Billion with a circulating supply of 8.4 Billion.

But enough with numbers and values, let us get to the nitty gritty as to why IOST will not disappoint as we move into the second half of 2018.

To begin with, IOST is a project that aims at building a secure and scalable blockchain for smart services. It wants to be the choice platform for decentralized apps by attracting developers to its platform. The project aims at ‘turbocharging’ sharding by making the shards sufficiently large and strongly bias-resistant via a combination of a client-server randomness scavenging mechanism and leader election via cryptographic sortition.

This means that IOST will be battling it out with Zilliqa when it comes to designing the better platform that uses sharding. IOST looks like it has the upper hand for it is enhancing sharding to another level.

The continue to the second reason why IOST will not disappoint, the token and the project has its roots in China. It has since expanded to San Francisco and Singapore. One thing to remember is that the President of China, Xi Jinping, was recently quoted as saying that blockchain technology is the future. This might be interpreted that the country is now ready to embrace blockchain and cryptocurrencies in a manner which the state will control. This means that the projects of ISOT and TRON might benefit from this new stance for they are from China. President Jinping had this to say about blockchain technology:

“A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things and blockchain is accelerating breakthrough applications.”

Thirdly, is the performance of the token in the crypto-markets. Current market analysis indicates that IOSToken (IOST) is currently trading at $0.04 and up 2.86% in the last 24 hours. The token had recently peaked earlier on in the month of May to reach levels of $0.076. This is evidence that the token is headed to greater heights once the team announces the release date of the MainNet this year.

In summary, the IOSToken and project are one to surely look out for as we glide into the second half of 2018. All fingers are crossed that the general crypto market will recover in June, and with it, our favorite tokens such as IOST will also reach greater heights.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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