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How IOTA (MIOTA) is Becoming a Solid Investment In the Long Run

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IOTA
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IOTA, a somewhat unique coin, given the fact that this currency is operating in a block-less environment, is working on tech improvements when it comes to DLT, Tangle and the Internet of Things. IOTA is ready for the next phase in its operational lifetime, so the team is working on enabling what might end up being the top leader in DLT network and the Internet of Things, which could lead to a near mass or mass expansion of this coin. IOTA has shown some downfalls in its value in the past few days when it even dropped down below the 1$ price, however, we see it going up in the long run with the newly acquired partnership and the technological potential of Tangle.

IOTA and Distributed Ledger Technology

Distributed Ledger was introduced to the public way back with the introduction of Bitcoin as the first decentralized blockchain-based currency that started operating with safe and secure transactions that were also supposed to have a unique trait of ultimate privacy for all users. However, later on, as the blockchain technology was slowly expanding and being further developed, it was determined that Bitcoin as the first currency of this kind still had some issues, mainly revolving around privacy where it was determined that Bitcoin is not as private as it was originally thought.

DLT technology remained as a perfect opportunity to make various operations easier to be processed than it is at the current moment and with the existing technology. That is how IOTA comes into the story thanks to its block-less network called Tangle.

DLT could easily find a mass application of its potentials in the government institutions, corporate and different types of institutions while owning the ability to help with administration, more efficient tax collection, issuing passport and legal documentation, collecting data, creating records, keeping personal info, distribute information and much more, all by using blockchain technology.

Tangle is thought to possess the needed technological quality to be able to get the best out of DLT and the Internet of Things, which are considered to be the future of the way people are operating with data. Given the fact that IOTA’s Tangle seems to be the perfect network for the Internet of Things and the Internet of Value, it is a thought in general that IOTA combined with Directed Acrylic Graph in Tangle and alongside DLT will most possibly be used as a driving force behind IoT and IoV. Where there is a potential, there is also a possibility, so it is certain that IOTA does have the needed technology in order to support DLT and move forward to the next level.

IOTA and Partnership with Fujitsu’s Rolf Werner

IOTA has made an excellent business move when the team behind the Tangle decided to partner up with Rolf Werner. They have added Mr. Werner, who was previously working for Fujitsu, to the IOTA team where his job is to take care of IOTA’s operations and activities in Switzerland, Austria, and Germany.

This move also showcases the readiness of the team to work on the expansion of their coin and the technology behind their block-less network. Earlier, the team also had a great addition to their board of advisors when Johann Jungwirth, the CDO of Volkswagen, joined IOTA.

On this matter, Werner stated that the possibilities that IOTA’s Tangle has with DLT are immense as decentralization and blockchain-based secure and safe applications are made possible. He further added that Tangle and IOTA go beyond “machine-to-machine” payments, where it is capable for much more. He used the example of secure identity management, adding that there are numerous features that make IOTA a superb piece of decentralized technology.

That being said, it suddenly becomes more than possible to have IOTA progress further with an increased pace of growth, both in the technical sense and in the terms of the market value.

How is IOTA doing at the Current Moment?

Even though IOTA fell below the 1$ price during the previous change in the market with over -4% of drop against the dollar, it seems that this coin is feeling a lot better today as we can once again see MIOTA trading in the green.

After the latest change in the market, MIOTA started to recover while gaining 1.70% of raise against the dollar, which means that MIOTA is without any doubt going up and beyond the value of 1$.

With the latest change, this coin managed to get back to the value of 1$ per one unit, and it even went a bit beyond the 1$ price, which means that MIOTA is currently being traded at the price of 1.04$ with a solid good chance of acquiring additional gains in the following days.

In addition to going up against the dollar, MIOTA is also experiencing rises against BTC, going up against Bitcoin for 1.97%, which means that MIOTA is currently doing better than BTC on the market.

Back in December of 2017, MIOTA managed to rise up to its record price of a bit over 5$ per one unit. However, the coin fell down due to a bad situation in the market during the period of the excessive market dip that went on for 8 weeks.  In case IOTA manages to live up to all expectations, it might soon be able to get back to the point of dealing at 5$ per one coin and beyond, making it a pretty solid investment in the long run.

We will be updating our subscribers as soon as we know more. For the latest on IOTA, sign up below!

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 Steve 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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