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Is Zilliqa (ZIL) One of the Best Buys of Q2?

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The global crypto market is slowly making its way towards recovery and during such times, investors and traders look for new investments in better performing altcoins. Among the handful of profitable altcoins which gained entry in June with a considerable rise in their respective market is Zilliqa. Zilliqa is a rather a young cryptocurrency that finished its crowdsale at the end of previous year. Zilliqa’s markets have successfully gone through May and entered June with a green indication. Zilliqa has been gaining an increasing number of followers since Q1 and thus making constant progress. In this article, we shall discuss how profitable Zilliqa trading can be and whether it’s a risk-free investment or not.

A Little about Zilliqa Project

Zilliqa was created as an open source blockchain whose aim is to achieve high scalability levels and remain decentralized. The project challenges Ethereum and Bitcoin in terms of speed of transactions and fee. Its cutting-edge technology makes it better than some altcoins out there in the crypto space. Each and every aspect of Zilliqa was carefully made to work better than the crypto giants. Many crypto traders have joined Zilliqa in its journey of becoming the Gem of the market by holding onto it since the time it was created. Zilliqa is best known for introducing mining through sharding and also for its currently under development new programming language named Scilla. Sharding means dividing a particular mining network into smaller shards.

Reasons for Investing in Zilliqa

Zilliqa is set to revolutionize the smart contract aspect of blockchain technology through its sharding technology and its upcoming releases. Its platform is designed in such a way to scale in transaction rates as the number of shards rises. Smaller mining units which are created through sharding can process the transaction by themselves and hence solve the problem of network congestion which is frequently experienced by developers in case of Ethereum platform. The upcoming Scilla, the programming language has created much hype within the community because it’s said to be extremely developer friendly and allows the testing of smart contracts before its launch. All of this gives Zilliqa markets the traction it needs making it a profitable investment.

Risks Associated with Zilliqa

Everyone expects to make a profit while enjoying the benefits of a certain blockchain project but it’s more than just necessary to keep a watchful eye on the risks associated with each investment. Zilliqa also has its own risks such as foreshadowing regulations which threats Zilliqa’s growth or even make it inexistent. Also, being a young project, there is always a chance of some other improved platform to be better than it and coming up with a newer, better technology all because the competition between cryptocurrencies is fiercer than what it looks like. Zilliqa’s sharding technology also gives rise to some shortcomings, for example, it requires a lot of disk space. Although Zilliqa team has hinted a collaboration with bluezelle to address these problems in the future.

Zilliqa Trading and Recent Listings

Zilliqa has come a long way since it was launched on 12th January. Its now available for trading on a number of cryptocurrency exchanges and many more exchanges are now adding Zilliqa due to its hype and expanding community. As of now, Zilliqa is listed on some of the largest crypto exchanges like Binance, KuCoin, Bithumb, Upbit and Huobi etc. It’s also available for trading at EtherDelta, IDEX, Hotbit, OKEx, Bitbns, Gate.io, Kyber Network, Radar Relay, GOPAX, and Koinex etc. However, one cannot directly buy Zilliqa with dollars or any fiat currency. First, you need to buy Bitcoin or Ethereum with fiat currency from an exchange that supports dollars and then buy Zilliqa from any of the aforementioned exchanges.

Market Position

Currently, Zilliqa markets are signaling improvement and progress with its individual price close to $0.127 USD which is rising with a 7.03% indication. At the time of writing, Zilliqa holds the rank of 26th largest cryptocurrency of the world. It’s impressive to note that it has been merely six months since Zilliqa entered the global markets and in such a short span it has grown a lot. Its total market capitalization is close to $933 million USD as per the data on CoinMarketCap. It’s interesting to note that according to analysis Zilliqa market has improved more than 30% in terms of its value in less than a week. It’s presently, making its way to enter the 1 billion USD market and analysts speculate that it’s only a matter of time when Zilliqa crosses the threshold and enters into the 1 billion market capital mark.

Final Thoughts

After closely monitoring Zilliqa’s movements and doing an in-depth research on its features one question arises in the mind of every crypto enthusiast, ‘will Zilliqa maintain its current performance and for how long?’. The volatility of cryptocurrencies is evident, and nobody can guarantee whether Zilliqa will make a record-breaking profit or not. But rest assured, Zilliqa is going to be one of the best players of this game all through the Q2.

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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

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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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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