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Here Is Why Ost (OST) Did over 200% in Gains In Under 3 Hours

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OST
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Early Tuesday morning found Ost (OST) trading at approximately $0.044. About 3 hours later, the digital asset was valued at $0.133 and doing an enormous 202% in gains during that time period. The digital asset is now trading at $0.05 on the back of the overall Bitcoin crypto selloff. OST’s price chart during the remarkable price pump can be seen below:

OST Price performance. Source, coinmarketcap.com

So what was the cause of the 202% jump?

Further inquiry as to why OST jumped by 202% in such a short period reveals that the digital asset was listed on the South Korean Exchange of Upbit today, August 7th, 2018. The announcement released by the team at OST read as follows:

“We are pleased to announce that as of Tuesday 7 August 2018, OST is now available for purchase on Upbit, one of South Korea’s largest exchanges. OST is already available on Binance, OKEX and Huobi.”

The team at OST also revealed that the project’s founders will be attending next month’s UpBit Developer Conference that is scheduled for the 12th of September up until the 14th of the same month. The announcement explained that:

“Coinciding with the listing of OST on Upbit, OST founders Jason Goldberg (CEO) and Benjamin Bollen (Chief Blockchain Strategist) will be speaking at next month’s Upbit Developer Conference on the island of Jeju, South Korea.”

The additional news might have been a factor in the digital asset experiencing such exciting activity in the cryptocurrency markets.

So what exactly is OST?

OST is a public blockchain platform for businesses where you can launch your own Branded Tokens without the need to mint and maintain your own publicly-tradeable EIP20 tokens. The OST protocol supports the token economies in mainstream consumer applications.  It is a project of OpenST Ltd and OST.com Limited and operates as a non-profit. The blockchain has millions of users and the OST project has the ambition to bring blockchain technology to the mainstream by providing developers and companies with the software solutions to stay up to date with the new technology.

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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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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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