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Is Docademic One of the Most Promising Projects or Just Hype?

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The recent crypto market slump has foiled plans for many potential blockchain projects and as Bitcoin struggles to maintain its value, altcoins and ICOs fight for their life while suffering from heavy damages. Under such circumstances, Docademic, a healthcare based ICO that started on January’18 has reminded the crypto giants how to rise above other cryptocurrencies. During these bearish trends, crypto enthusiasts are becoming bag holders of lesser-known cryptocurrencies, but Docademic and such crypto assets are creating short-term winners in the market. Let’s find out how an early bird such as Docademic that began trading in May was able to gain 20-40 times of its previous price.

All About Docademic ICO:

The Docademic ICO platform was Ethereum based and it’s a promising ICO project from Mexico. Docademic aims to bring excellent healthcare service platform in the palm of each member of our society. With its help, Docademic users will be able to experience basic and high-level health care services for free. Docademic claims that they keep a patient’s data hidden securely over the blockchain so that third parties can create various DApps on top of Docademic blockchain platform. The token active in the Docademic platform has the slug MTC and the Docademic team is making constant developments to it so that its application and performances exceeds. The Docademic application is being developed on its pre-existing patient data routing. This application allows free of cost service of ‘telemedicine’ through which a patient and his doctor can be connected instantly connected. The ICO completed on February’18.

John McAfee’s Support towards Docademic:

The famous crypto visionary, John McAfee has also shown his interest in Docademic ICO. On his Twitter, on June 17th he posted a video and shared thoughts regarding the difference between a visionary and a speculator. He also supported Docademic because of its unique features, easy availability, and untapped potential. McAfee is known to the crypto community for his ICO and crypto recommendations in a way that it stands out. His Twitter handle has impersonated several times to mislead traders regarding a cryptocurrency that caused quite an uproar back then. He indicated that he’s not merely a speculator for Docademic but rather a visionary, one who has faith in the project and would invest in it.

Features of Docademic ICO:

The team behind Docademic is going to release their hyped ‘App’ which will be easy to use and would be able to connect a patient to a doctor within moments and that too without charges. A user can simply log in to the app and then link it with either Google or Facebook (acts as registration) to start using it to get free healthcare services around the clock. After being supported by John McAfee, Docademic markets saw huge involvement on exchanges where it is mostly traded against BTC. Due to this, Docademic markets soared through the slow-moving markets and became biggest gainers of 17-18 June.

Some additional features of Docademic are as follows:

  • It provides ongoing medical education for pre-registered doctors.
  • The core project is A.I based means in time, it’ll provide all patients with A.I driven treatment. McAfee also showed interest in their upcoming app which is going to be launched on 23rd
  • Docademic can provide real-time medical data while storing each transaction on blockchain and creates non-identifiable IDs for patients.
  • According to its roadmap, during the Q1, the Docademic platform was busy with their token listing on various cryptocurrency exchanges. After that in the Q2, it will soon launch the Docademic marketplace inside the platform.
  • It has already been listed on famous crypto exchanges such as HitBTC, Exrates, IDEX, QBTC, TopBtc, Stocks. exchange, Sistemkoin etc.

Current Market Position:

The famous ICO of Docademic has ended not too long ago but its current individual price has increased no less than 40 folds. It was once priced at $0.02 in its early days but now the price has jumped to $0.409. The past day’s movements in prices prove that Docademic markets can be easily manipulated. Docademic already has tether pairings with the help of which many crypto enthusiasts would enter the MTC markets easily and become bag holders. At the time of writing the price has risen up to 39.15% while its total market capitalization is approximately $115 million. According to the data found on CoinMarketCap, the volume of Docademic has reached $5.82 million and it is currently ranked as the 90th biggest crypto of the world.

Conclusion

Although price manipulation profits are shortlived, there’s no denying the fact that Docademic’s recent performance saved many traders who have been suffering from losses because of the poor performance displayed by the mainstream market. Docademic has clearly made quite an impression on crypto trader’s minds and as it community grows the chances of it again soaring to new heights can be realized over the long run.

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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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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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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