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Ion (ION): To The Moon With “Earth to Moon”

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Ranked at 167th place on the global coin ranking list, ION didn’t strike as a coin that could potentially grow large overnight. But, looking at the latest change in its price and being traded at its all-time high on all major exchange markets, we can’t miss mentioning how well Ion is doing, especially these days. For those who are not informed in detail about the idea behind Ion and Ionomy, here’s everything you need to know about this coin.

What is ION?

Influenced by Bitcoin and Blockchain technology, Ion was launched in May 2015 when it was presented as a proof-of-stake decentralized ecosystem. The main idea behind Ion and Ionomy is gaming industry, games and digital values and goods.

So, anyone interested in this coin might as well be interested in games and gaming apps. Inspired by Bitcoin, but still addressing its flaws, ION creators have chosen proof-of-stake as a great alternative to proof-of-work – the protocol Bitcoin is using. The main reason for choosing proof-of-stake is the fact that this protocol is consuming less energy, that way providing an economic ecosystem with enabled decentralization.

ION is also working on the hash algorithm, which is a key within a public key. Let’s say that our original data information is represented by a certain number. That number would be shown in a different form when gone through the hash algorithm, providing a value that is non-recognizable.

That is how ION is keeping transactions within their blockchain ecosystem, private and untraceable, which isn’t the case with Bitcoin where all information can be acquired as all info is being saved on the central blockchain. This protocol is functional because it takes a multiplier that is unknown, merged with the original value that gives a whole different value when translated through a hash algorithm.

But, what makes ION attractive to most users and holders who are not following up with technicalities like protocols and algorithms is the fact that ION is promoting the gaming industry, launching games, and apps and creating reward programs and competitions for gamers around the globe.

Earth to Moon

Around mid-December 2017, ION developers launched a beta version of a game called “The Moon or Burst.” The game is relatively addictive for anyone who likes mini-games available for Android and iOS. The game launched by Ion is also available for Android and iOS so anyone who is a part of the community can download the game as of 26th of January. The most exciting thing about this game is navigating from Earth to the Moon while avoiding threats like black holes and other aircraft.

Apparently, there was a tournament organized in the spirit of launching a public version of this game. Anyone could apply and play as of 26th of January. The winner of the competition was announced only three days after the beginning of the tournament and awarded 5000$ in the form of ION tokens.

This is, without any second thoughts, an amazing reward and an easy way to get “some” ION tokens. But, at the same time, the launching of the game can be interpreted as an amazingly clever strategy to get more investors to chip in and buy ION before the release of the game.

This presumption is proven to be true as after having announced the launching of the game on January 26th. The price of ION went up for amazing 51%, which led to a price of 5.94$ per one coin.

Where is ION at Right Now?

After the Earth to Moon tournament has come to an end, it seems that some disappointed competitors didn’t get their hands on the 5k prize and decided to sell their ION tokens. The price fell below the original 5.94$ per one coin.

Jokes on the side, whatever the reason for the decrease although this coin was trading at an all-time high across all major exchanges, Ion got back on the track with the newest increase only a day after the initial decrease.

In the last 24 hours, the volume of trading in Ion tokens increased, which resulted in a 7% rise in ION’s price. Currently, this coin is trading at 5.36$ with a market capitalization of 103 million dollars.

In case Ion would continue at the current pace when it comes to increases, this coin could quickly reach the price of 10$ within a few weeks.

Given the fact that Ion developers are focused on all aspects that make one digital currency a potentially safe investment, it seems that this coin will have a bright future. And, by creating a decentralized ecosystem with a focus on the gaming industry and rewarding strategies with safe and secure protocols, Ionomy is undoubtedly growing towards becoming a robust decentralized community.

So, the last call for buying Ion at its lowest based on the current performance of this coin is probably now or never.

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.

Image courtesy of coinmarketcap.com

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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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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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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