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ICON (ICX): The Big Bull Is Coming

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The excitement around Bitcoin (BTC) has resurfaced with the talk of institutional investors such as Blackrock and Goldman Sachs expressing their interests in blockchain technology and cryptocurrencies. The way things are going, 5 to 10 years to the future, the early birds who got into crypto investing during this time period, will be telling stories of how they trusted their guts in buying the numerous digital assets available in the crypto markets.

One such digital asset is ICON ICX and good times are knocking for the digital asset that has a very impressive past in the crypto markets. ICX is currently trading at $1.40 at the moment of writing this. The last time this value was seen, was back in early December last year before all hell broke loose and BTC was valued at $20,000 by the 17th of the same month. ICX would later peak at $12 in early January. The way the markets are looking with a resurgent Bitcoin, ICX could just be ready for another ride as the last one we saw in January.

Another thing that could lead to a bull run is that the ICX project recently completed a token swap that was spearheaded by the Binance exchange. Both the TRX and ICX token swaps were completed on the same day on the exchange signifying that both digital assets are now on their own blockchain networks and can be officially referred to as coins. We all know that this is a great step forward for both TRX and ICX. Keen investors love seeing progress in projects that have kept promises from their roadmaps. ICX has done just that. Therefore, there are investors watching from the sidelines and some are buying more of the digital asset. Which one do you want to be?

Thirdly, the ICON project is backed by numerous financial institutions, insurance firms, hospitals, and universities. One such strategic partner is the Korea Financial Investment Association (KOFIA) which is a network of 26 financial institutions in South Korea. There is also an unconfirmed partnership with SBI Ripple Asia and plans of furthering cross-border payments between Japan and South Korea. These are all amazing developments that mean that the coin will be on its way to a Moon Landing very soon.

Summing it all up, with a resurgent Bitcoin, comes the need to diversify our crypto portfolios with worthwhile digital assets backed by functional projects with a good team and results. ICON (ICX) is one such project and coin. The digital asset is at its lowest value this year and ripe for the buying.

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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.

Image courtesy of Elizabeth Oliver via Flickr

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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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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