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Is EOS About to Take Over LiteCoin (LTC)?

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EOS
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Currently ranked as the 6th best currency, EOS (EOS) seems to be doing more than well in numerous fields, while acquiring new partnerships and working on promoting their token in the best way possible. Moreover, EOS has been experiencing a positive wave of rises that brought it to the point where this token might be able to move LiteCoin down for one spot in the global coin ranking list and take over its spot on the list as the fifth-best currency in the market. In addition to an already established reputation of a highly scalable coin with utmost security and safety with all on-block operations, EOS is showcasing their team’s dedication to blockchain technology with holding various meetups around the globe.

How Can EOS Push LiteCoin Down the List?

Given the fact that LiteCoin has been around for quite some time now, being Bitcoin’s little brother, it is probably hard to imagine that its reign over the fifth place on the global coin ranking list could be endangered. But, this is actually the reality thanks to EOS and its amazing progress.

While EOS was one of the rare coins giving its best in showcasing the highest level of stability in oppose to the majority of other coins when the market dip was taking its toll for eight long weeks, the crypto community is only now truly impressed by this token’s growth.

In the course of only 24 hours, EOS has managed to gain a raise of over 30% against the dollar, while also being traded up against ETH and BTC as the market is trying to recover from the most recent market crash. This rate of raising in price impressed the public as EOS managed to show some astonishing result as this token is bouncing off and having more than a strong rebound.

With the current pace of growth, EOS is only 6.25% away from the number 5 on the global coin ranking list, which means that Litecoin – one of the biggest and oldest currencies in the market will have to move down if this case becomes reality.

In case you are not familiar with how the ranking list works, the spot a certain coin holds is being considered based on the market cap of the given coin or token. So, the greater the market capitalization, the better position will a coin/token have on the list. That is how EOS has the opportunity to move one spot up and replace LiteCoin as the fifth-best currency according to the global coin ranking list.

To be able to succeed in doing so, EOS will have to go through another set of increase and get additional 6.25% on its existing market capitalization.

We have already seen coins and tokens moving up on the list and removing previously established coins, but we’ve also seen these currencies drop down on the list despite the initial climb, so in case EOS would start to drop dizzily again with the case of LiteCoin remaining stable during the potential drop, EOS would once again take the 6th spot on the list.  As we are all already well aware of – anything can happen in the world of digital assets when it comes to the market price and demand of the market.

EOS and EOSIO Dawn 3.0

There are plenty of reasons for having EOS to be one of the most interesting coins at the current moment, and one of those reasons is the release of EOSIO Dawn 3.0, which became available only a couple of days ago.

This version of EOSIO is a part of EOS’s roadmap as they are planning on releasing EOSIO 1.0 somewhere in June. The version of EOSIO that should be launched and released in June of 2018 is said to become one of the greatest platforms for creating and uploading decentralized applications, at the same time marking the release of the version 3.0 as one of the top moves that EOS team has made so far.

The newest version of Dawn was released 4 months after having the team release the previous version and this version is said to have implemented features that would allow high-level scalability, so the team managed to prevent hard forking which many coins turn to due to the lack of scalable solutions in their chains.

It is thought that the release of Dawn 3.0 might be one of the many reasons why EOS is experiencing the amazing rise in its price at the current moment, gaining over 30% of rises in a very short period of time.

How is EOS doing at the Current Moment?

After the latest change in the market, it is more than evident that EOS is doing exceptionally well, aiming at taking down LiteCoin from the 5th place on the global coin ranking list.

With the most recent change, EOS is trading in the green with the rise of 31.28% against the dollar, while this currency is also rising against ETH and BTC for 27.57% and 30.23%.

At the current moment, EOS can is being traded at the price of 7.95$ per one token and pretty soon we might see this token ranked as the fifth-best currency on the global coin ranking list.

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

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.

Image courtesy of Damian Morys via Flickr

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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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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crypto credit cards
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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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