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ICON (ICX) Price Gets A Big Boost - Global Coin Report
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ICON (ICX) Price Gets A Big Boost

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A new development sees a massive price boost for ICON (ICX), and WanChain (WAN) follows. The coins went up by 25% within only 24 hours, making them the two best performing cryptocurrencies in the last two days.

There is no doubt about it; the crypto market is slowly recovering after more than half a year of price reductions. While many coins are in the green right now, not all of them are progressing equally. Coins like IOTA and EOS have seen big gains, which go from 4% to 15%, however, as great as this is, they are not the stars of the show.

That honor goes to ICON (ICX) and WanChain (WAN), which have experienced a 25% boost in price. And, while it doesn’t seem like much, but it is, the total crypto market cap increased from $213 billion to $214 billion.

Issues with volume

The last week has been interesting for cryptos, and while a lot of them performed rather well when compared to the rest of the year, there were still significant issues. One of the biggest ones that have been bugging the analysts concerns the volume, which was going down throughout the week. Bitcoin volume was specifically low, and it went from $4.5 billion to only $3.5 billion in a single week.

The similar situation can be seen with other top coins, like ETH, XRP, BCH, EOS, and others. Their daily trading volume dropped a lot, especially Ethereum’s, which has seen a decline almost as large as Bitcoin’s (from $2 billion to $1.3 billion).

One interesting thing is that Tether (USDT), which is a stablecoin tied to the dollar’s own value, has not only shown immunity to the decline but has actually managed to advance its own volume from $1.5 to $2 billion. This shows us that a lot of investors still rely on the dollar and more than they do on their chosen cryptos.

While a lot of investors have predicted that Bitcoin will start going down because of this, and will rather drop below $6,700 than go above $6,850, it would seem that they were wrong. At the time of writing, Bitcoin’s price is at $6,954.50, which puts it extremely near to $7,000 mark. This came as a surprise to a lot of crypto experts, who seem to have honestly expected BTC just to start dropping again. Contrary to their claims, Bitcoin just keeps on climbing for some reason and is leading every single crypto (except USDT) within the top 50 with it.

Tokens depending on BTC

August has been a busy month in the crypto world, and cryptos have shown every sign that they wish to drop the bear market and start running with the bulls. However, they struggled with a lot of resistance, and Bitcoin itself went up and down almost every day. As expected, the tokens followed Bitcoin’s behavior, and have started making waves on a daily basis.

Until BTC broke off and exceeded $6,850, many expected that it would go down, while the altcoins will experience much bigger losses. However, for some reason, none of this has happened as of yet, and all cryptos are still in the green. With the current situation, a lot of experts have been proven wrong, which is pretty much a good thing, considering their grim predictions. The next few days are expected to show if this is truly a new bull run, or is it just a temporary price surge that simply went better than expected.

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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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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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