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Ion (ION): Is Ionomy the New Digital Economy?

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Ionomy
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Ion, although ranked below the top 100 cryptocurrencies, more specifically taking the 166th spot on the global coin ranking list, has shown some astonishing results at the beginning of January when this currency managed to reach a price of over 7$ per one unit. However, the most recent market dip didn’t leave ION out of the hurricane of dropping prices, so this coin is now dealing over 3 times lower than it did 8 weeks ago. Yesterday, at the end of March and the beginning of April, the majority of currencies tried to step out of the whirlpool of frequent losses so we have witnessed a massive wave of rises about 12 hours ago. However, once again the market is plummeting. What we are interested in at this point, given the fact that ION is still dealing at a fairly high price for its ranking, is to find out what is the purpose of Ionomy and can this model of economy push ION further towards being widely accepted?

Ion and Ionomy                

For those who are still not familiar with the main objective behind the currency known as Ion (ION), this digital asset is into promoting the gaming industry that way creating its own little crypto universe that can also be categorized as “gamers’ oasis”. If you are a gamer and you still haven’t heard of ION, it is probably time for you to check this crypto out as ION  is worth over 2$ per one unit at the current moment and you can earn while you are playing games on Ion platform.

Winning games and answering to even toughest levels is rewarding enough by itself if you are a true gamer, but earning while winning sounds even tempting. Thanks to Ion and Ionomy, many gamers’ dream is turned into a (digital) reality. Speaking of the crypto universe, Ion does not only have an entire gaming platform tailored for gamers around the globe but also own its own economy, cleverly named Ionomy.

Ionomy thus represents Ion’s internal economy driven and powered by ION currency that serves the purpose of being spent, exchanged and earned through different rewarding protocols. Within the Ionomy project, all gamers can earn rewards given in form of ION coins. The coins they earn through winning games on Ion platform can be spent, used or exchanged for any fiat value or currency, so the reward winners immediately become indisputable owners of the won coins and they are entitled of spending the earned ION units.

In order to gain the access to the platform, you need to invest in ION currency, but since there are no limitations you are able to make micro-investments which will also grant you access to Ion and Ionomy protocols.

With the unique model of blockchain-based decentralized economy that operates internally within Ion’s blockchain, ION is said to be a pretty promising coin although it is ranked far beyond top 100 currencies predicting that its value may rise back up to its all-time high of around 7$, which would also contribute to having this digital value climbing higher up the ladder of success.

Ion and the New Partnership

Probably thanks to having Ionomy as a pretty rewarding and interesting model of the internal blockchain-based economy, this digital asset has acquired a new partnership. The team behind Ion partnered up with Kasey Kahne, which is a pretty big deal for ION as Kasey is one of the most famous icons in the world of racing.

Supporting the idea of Ionomy, Kasey Kahne decided to partner up with Ion, which will most certainly sky-rocket ION’s value in the following months. The reason to believe that Ion is more likely to start rising in the price again is backed up by the fact that Kahne is not only able to draw in  more gamers to Ion’s platform and Ionomy, but can also represent a significant link between a cryptocurrency and the sports industry, which would be a huge deal for Ion.

The team behind ION seems to have made a perfect choice when they decided to go for the gaming industry as this branch is worth more and more every year, having been added another 7% of growth to its already lavishing revenues of over 100 billion dollars per year.

If only a piece of this industry’s revenue would to flow into the world of ION and Ionomy, the price of ION coins would inevitably grow as a consequence. That is why the partnership between Ion and Kahne could push Ion into the market of the gaming in industry and sports industry alike. In case you add the fact that Ionomy has a protocol of rewarding gamers who are winning games on their platform, there are plenty of reasons to believe that Ion might even grow beyond its all-time high in the following months.

Ion Gets Listed on another Exchange

Probably the best thing about the partnership between the currency and Kasey Kahne is the fact that ION got listed on Bitfinex. By heaving Bitfinex listing Ion along with other cryptos on their list, it is most certainly predictable that Ion will now be able to acquire higher liquidity and become more available and easily attainable.

As a consequence, its price might experience frequent rises in the following months as the novelties are slowly unraveling. The best thing about having ION listed on Bitfinex is that now this currency might draw more serious investors who will appreciate the fact that Ion is being noticed and acknowledged as a currency worthy of attention. Sounds like a definite HODL material, right?

How is Ion doing at the Current Moment?

The market is acting tough on cryptocurrencies once again as the majority of coins are plummeting in price. Ion is no exception on the first day of April in 2018, so this currency is currently trading in the red.

After the most recent change in the market, ION started to trade in the red when this coin fell by -2.83% in the course of 24 hours. However, since Bitcoin and other currencies are dropping as well, Ion is trading in the green and going up against BTC for 2.67% at the moment of this writing and can be bought for 2.09$ per one unit.

Even though the market is acting unstable for the last two months for the majority of cryptocurrencies, it is obvious that Ion will most certainly collect the fruits of the newly developed partnership in the following months, which will most probably result in having ION sky-rocketing in its price.

We will be updating our subscribers as soon as we know more. For the latest on ION, 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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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crypto credit cards
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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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