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McAfee bullish on Docademic’s growth in a bearish market tendency

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McAfee Docademic
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It’s not a secret to anybody that the crypto market is going through a rough time as of the moment (last 24 hours or so have been good, though), many of the cryptocurrencies that exist are trading in red, and what’s worse, even the top tokens are suffering remarkable dips in a sector that seems to be stumbling right now. Like this, it results very notably how in recent times when a coin starts to have a bullish behavior and a good performance, it becomes worthy of attention, a fact that even when is not that common, still happens with a certain regularity in the cryptosphere.

That is precisely the case of Docademic (MTC), a cryptocurrency created with the intention of “providing free basic healthcare to the world through universalization, Integration, and Improvement of Medicine using AI and Blockchain.” The MTC token has appeared in the spotlight recently as one of the few cryptos in the market that at the moment is trading on the green, a fact that undoubtedly has become a significant milestone for the sector.

In this way, the MTC token has managed to obtain one of the strongest supports of the industry, which in this case, is the endorsement of the influential businessman, John McAfee. The CEO and founder of McAfee, used his Twitter account to forecast a remarkable performance for the MTC token, and despite the apparently exaggerated prediction, lots of people are considering the asseverations as the token has managed to grow in a massive 76 percent in just last seven days.

Current performance of Docademic (MTC)

At the moment of writing, Docademic (MTC) is the number 114 crypto on the coinmarketcap lists. The token has a market capitalization of $82,807,313, a value per token of $0.29011 (it was $0.400641, fell by more than 30% in last 24 hours), and a volume of $6,700,840 in the last 24 hours.

Surprisingly, the token has been gaining momentum just when the market is not looking so good (yes, it’s recovering a bit now). In fact, it has an advantage over top cryptos such as Bitcoin (BTC) or Ethereum (ETH) which in the last couple of days have continued their dips. Last week the MTC token was number 191 on coinmarketcap, and this has drastically changed to the current 114th position, which actually is not expected to stay the same for so long.

The endorsement of McAfee

John McAfee has been characterized as one of the most influential figures in the crypto industry. To say the truth, his crypto-related opinions on Twitter besides grating him an immense amount of money, have actually the power to influence the market, a fact that has already been proved with several predictions he has made in the past that became a reality.

But beyond being a controversial person, John McAfee, has turned into an advocator of the crypto sector. Not so long ago, he announced that he was going to postulate himself to the 2020 presidential elections, to serve as a spokesman for the crypto community. In this sense, he appears now to be setting all the details of his campaign, and as it seems, he has chosen Docademic (MTC) as the basis for his presidential healthcare proposal.

Conclusion

Docademic’s growth has been one of the most remarkable ever seen in the crypto environment, and this is something forecasted to be even bigger with the latest listings of the coin in several exchanges including HitBTC. If this were to continue, and additionally if governments decide to partner with the coin (remember it centers on healthcare) we could be speaking of the most significant growth in the market. So stay tuned!

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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.

Image courtesy of Pxhere.com

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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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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SonicX
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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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