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IOTA surges 39% in a week, leaving Tron and Monero in a fierce competition

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The price of IOTA increased drastically by 39% in the last seven days after Fujitsu – a Japanese IT tech giant partnered with it. Before that happened, IOTA, TRON (TRX), and Monero had decreased in value following a big market dip that hit most cryptocurrencies in the crypto sphere.

IOTA fell out of its position – moving to the 11th spot, while TRON had moved down further to the 13th spot. But Ethereum Classic moved up to the 10th position immediately.

Following the recent growth on Monday, the price of IOTA got corrected and it moved to its no. 10th spot; Monero to 11th spot; Tron moved back to its normal position (12th spot) after getting a 6% increase on Monday.

MIOTA’s Current Price

MIOTA is the main token of IOTA blockchain; it surged on Monday, but in the last 24 hours, alongside almost of other cryptocurrencies, it has dropped to $0.69. The thing worth noting is, the token reached a peak of $0.7.234 on Monday – which the highest peak price it has attained in the month of August.

It is important to know that MIOTA was trading at $0.52862 on Sunday night, but on Monday morning (10:30 UTC), it peaked at 18%. MIOTA has been increasing by considerable percentages lately. As it seems, IOTA is trying to recover from its slip in the first week of August (of course, last 24 hours have changed the game again a bit).

At the time of writing, MIOTA has a market cap of $1,943,543,650, placing it at the number 10th position in the cryptocurrency market today. Additionally, MIOTA’s trading volume has reached $$77,403,494 so far (even after a 6% drop in the last 24 hours).

Nevertheless, even though MIOTA seems to have recovered, it dropped more than 30% this month (August), thus, making it one of the worst-performing cryptos in the cryptocurrency market. For a coin formally trading near $0.400 on August 11th and $0.468 on August 22nd, MIOTA has increased by a good value. Although, its low prices at those times were due to the overall market performance – and according to a news report, the price manipulation on Bitfnex may have caused it also.

Technology Giants, Fujitsu, decides to back IOTA

Fujitsu, a company based in Japan, has decided to make use of IOTA as its “new protocol standard” for its new services.

Leopold Sternberg, a program manager at Fujitsu, stated:

Fujitsu is well-equipped to help roll out IOTA as the new protocol standard as we are experts in both IT services and the manufacturing of IT products. Product quality is a critical success factor for the Manufacturing Industry. Assembled products can consist of hundreds of components and their production is based on complex processes. For audit trails in industrial production environments and supply chains, IOTA provides a single source of truth.”

IOTA has been dedicated to making sure its currency stays top. Even though IOTA has gotten lots of collaborations with top companies in the world today, it has also dealt with little controversies of its own.

IOTA aims to move higher than its current position and recently, it released the beta version of its Trinity Wallet. Consequently, IOTA’s Trinity Wallet enables users to have more than one account and it is compatible with PC’s and mobile devices.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Rodion Kutsaev on Unsplash

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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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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