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IOTA (MIOTA) Explodes To Record Highs On Internet Of Things Opportunity

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IOTA (MIOTA)
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IOTA is now the fourth largest cryptocurrency in the world, in market value, after an absolute tear in recent weeks. The digital currency price has surged by nearly 600% this month, consequently toppling Ripple’s XRP token for the fourth spot.

It is only a month ago that IOTA was valued at just $0.37. Ever since, it has registered a steady rise, reaching parity with the dollar as early as late last month. As bitcoin climbed to record highs of $11,000 and then to 14,000, IOTA punched through to record highs of $6. Its market cap now sits above $12 billion.

IOTA (MIOTA) Price Technical Analysis: Retracement Levels

IOTA (MIOTA) Price courtesy of coinmarketcap.com

The bullish trend in IOTA price comes as many casual investors learn about the cryptocurrency and its underlying technology. There is strong demand for IOTA among Asia traders given that the digital currency currently holds the highest trading volume on a number of exchanges such as Binance and Coinone.

Demand for IOTA cryptocurrency is not expected to diminish any time soon given that it’s trading volume has risen to over $2.46 billion. Very few cryptocurrency ever break the $1 billion mark.

 Internet Of Things Opportunity

The signing of a major agreement with Microsoft, Samsung, Fujitsu and others for business-to-business data sharing, is the immediate catalyst pushing IOTA price higher. The signing of the agreement has since catapulted the IOTA trading volume to historic levels significantly strengthening its price in the crypto space.

The agreement paves way for the creation of a blockchain based marketplace that will enable the sale of data. According to IOTA CO-founder David Sonstebo, the new marketplace will incentivize companies to sell data instead of letting them to go to waste.

“This next-generation technology will accelerate the connected, intelligent world and go beyond blockchain that will foster innovation real-world solutions, applications, and pilots for our customers,” said Microsoft’s Omkar Naik in a statement published on the IOTA Foundation website.

The cryptocurrency has the potential to have a significant impact on the Internet of Things thus explaining the attention it is receiving from the crypto community.

Free Transactions Fees

IOTA rise to stardom in the crypto space is mostly attributed to its Tangle System that creates and validates transactions. The system allows users to create transaction by validation thus leading to a more secure and immutable network,

The fact that system allows zero transaction fees has made it ideal for the data industry. This is because other legacy blockchain technology systems cannot handle micropayments for data among businesses. IOTA technology is thus expected to continue experiencing a growth in demand as the need for scalable free transactions continues to grow.

We will be updating our subscribers as soon as we know more. For the latest updates on MIOTA, sign up below!

Image courtesy of Schneider Electric Espana via Flickr

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Hodium
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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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