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IOS Token (IOST): A Cryptocurrency on the Rise

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IOSToken
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As the popularity of cryptocurrency continues to soar, the market has seen a steady rise of altcoins. The sudden rise of altcoins can be associated with the crypto market’s price slump. With major currencies recovering from a setback, investors shifted their attention to altcoins. Among the altcoins which are making big headlines, mention must be made of IOSToken.

Speaking of the rise of altcoins, factors, such as usability and operability, play a huge role in investors’ decisions. Discernibly, IOSToken, which has attracted several investors recently, caters to these aspects and, as a promising currency, it enables users to transform their services into cash. As you might be aware of, IOSToken is inspired by Ethereum, so it runs on smart contracts. This article attempts to explore why it is steadily gaining popularity within the crypto community.

What is all the Hype about IOS Token (IOST)?

With ERC20 tokens making up a large portion of the market capitalization, IOSToken has seen a considerable surge in the trading volume. This means the demand for this currency has gone up and the coin can be regarded as a potential threat to the crypto biggies. At this rate, this currency might become one of the greatest crypto markets in the crypto space.

It seems that investors are now aware of the technological facilities embedded in the market and are willing to take full advantage of it. As mentioned earlier, IOSToken runs on smart contracts and has the potential to grow into a huge market. Apparently, IOST is just like any other service provider, such as Alibaba, Amazon, etc, but there’s a major difference. As opposed to Amazon and its peers, which are strictly centralized with a middleman controlling the operations, from online shopping, shipping to the payment management, IOSToken is decentralized. Also, services like Amazon and Alibaba don’t provide the high-end security features offered by blockchain-based providers.

 Reasons behind IOSToken’s Meteoric Rise

IOSToken rides on Ethereum, enabling the tokens to operate as smart contracts. But the currency won’t be settled on Ethereum blockchain for long, as it is possible to imagine that the currency, which is based on ERC20, will have its own native token.

As evident from its price records, the currency is doing pretty well at the moment. While IOST’s listing on the AirSwap exchange can be regarded as a major factor, there are several other factors influencing its prices. According to the rumors, IOST could be added to Korean exchanges in the future. Since South Korea can be regarded as one of the largest markets in the world, IOST can benefit massively from such developments. Some important factors determining the value of IOSToken are discussed below:

  • Usability:

Unlike last few years, when the crypto market was powered by hype, investors check on a number of parameters before investing. Considering the volatility of the market, usability plays a major role in the investment. Currencies that have a greater use value will have a competitive edge over other projects.  At any rate, IOSToken stands out from its peers in terms of its operability. With investors reviewing the fundamentals of currencies before making investments, IOST’s advantageous attributes like advanced security features and scalability can drive investors to this blockchain.

Ethereum, the blockchain on which IOST is based on, has some major drawbacks like scalability and security issues, which are a big turn-off for the investors.  IOStoken (IOST) attempts to mitigate these technical defects by integrating some avant-garde technologies into the blockchain project, including Sharding and Proof-of-Believability.

  • Aimed at High-End Service Industries:

The biggest reason behind IOST’s rise is its focus on high-value service industries. IOST targets high-value service industries and not just the mass market. Among its target industries, mention must be made of online-advertising, prediction markets, cloud computing, which can boost the price value to an enormous extent.

  • Highly Efficient Development Team:

The success of any blockchain is primarily determined by the work of the development body. IOST’s development team consists of some of the great minds in the industry and team members Harvard graduates. Apart from the quality of work, the team is also well-known for its aggressive marketing approaches and social media activities.

IOSToken’s Market Reach 

Trading at $0.065633, the currency has moved up by 6.07% from recently. As of May 9, 2018, the market capitalization of IOSToken (IOST) stands at $551,320,560 USD. Ranking 50 in the market by market capitalization, IOSToken is doing quite well at the moment and is presently trading up against the dollar. Unlike other currencies which display high volatility, IOSToken has achieved a certain degree of stability. Overall, IOST’s stability, along with other worthwhile features, makes it an excellent investment option to watch out for in 2018.

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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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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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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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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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