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Why IOTA is a Project that is Going to Last

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For a lot of people, IOTA (MIOTA) is an exceptional cryptocurrency, one that deserves a lot more attention than what it is getting. It is definitely a project made to last, with a heavy focus on connecting the space and being the bridge between different technologies.

Another thing that makes IOTA unique and special is the fact that it belongs to a handful of cryptos that are not based on blockchain technology in a usual sense. Instead, it uses a technology called “Tangle” in order to operate. This technology has numerous potential use cases, with experts believing that it can transform countless industries.

Even so, there are many that are still not impressed with IOTA due to the fact that its coin has not performed as well. The opinion of the project usually goes one of two ways — investors are either skeptical and unsure whether they should get involved or are thrilled with IOTA, claiming that it is the most promising project in the crypto space.

When it comes to opinions of IOTA outside of the crypto space, they are mostly quite positive. IOTA managed to enter partnerships in numerous industries, with the biggest ones being with carmakers, the insurance industry, the IoT space, and manufacturing industry. While its coin failed to grow even after these partnerships, many believe that it will happen as soon as the market is ready to allow it.

How IOTA connects other technologies

DLT and IOTA’s Tangle have a lot of similarities, but there are also some aspects where Tangle is clearly superior. One of them includes security, which IOTA managed to ensure due to the fact that it is “blockless”. Its technology was developed as a solution to numerous flaws observed in blockchain technology. Through its evolution, IOTA became a perfect way for connecting different technologies and providing a method for machine-to-machine communication.

As a result, it can connect IoT devices into a single large network, one that would provide better security and make communication easier. The same thing can be done with cars, especially now when self-driving and highly-digitized cars are slowly becoming a new norm. By connecting them all with IOTA technology, these vehicles will be able to receive new upgrades without ever having to line up for manual upgrade.

Each connected device or piece of technology can serve as a validator of transactions, which also solves the issue of micro-transactions that other blockchains are struggling with to this day. Due to such levels of connectivity, IOTA is also perfect for things like tracking shipments, logistics, fintech, and likely even smart homes.

IOTA is still developing rapidly, and its story is only beginning. It has the potential to become one of the largest projects in a few years, and definitely one with the largest real-world use cases. The current behavior of its coin is of small consequence considering the use cases of this technology. And, as the two are tied together, they will likely share the same fate, and the coin will skyrocket as well, in time.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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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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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