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Last Week’s Top 3 Most Significant Crypto Events

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The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.

1) A crypto Whale moves a large portion of XRP

Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.

They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.

One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This account regularly posts updates regarding the biggest movements of Whales, whether it is a coin sale, purchase, or just movement from one wallet to another. The account also tends to indicate how big of a Whale in question is, by posting red light emojis in the report. The more red lights the report has — the bigger the Whale in question.

Well, earlier this week, Whale Alert reported several XRP movements made by a Whale that deserves 10 red lights. Whale Alert also reported that the Whale moved several hundred million dollars in XRP. The first movement was from Ripple OTC Distribution wallet to an unknown wallet, and it contained 392,834,643 XRP ($114,187,437).

The second one included 463,420,929 XRP ($136,324,998), which were moved from Ripple to Bitstamp.

2) Weiss Ratings had a change of heart regarding TRON (TRX)

Weiss Ratings is a well-known group that was established to provide crypto investors with investment advice. The group also regularly publishes various reports, in which they take a closer look at some coins and rank them in accordance with numerous aspects. These may include anything, from the project’s technology and goals, to their performance, and how good of an investment the project may be.

With that in mind, it is worth remembering one rule that every trader and investor need to keep in mind — investment advice, even if coming from a professional, is still just advice. The crypto world is far too volatile and unpredictable for anything to be set in stone, which is why investors and traders should seek out other peoples’ opinion but also form their own before making the final decision.

The event that happened earlier this week is proof that even professionals make mistakes, and end up changing their mind. The event in question is Weiss Ratings, who gave TRON quite a tough time in the past, now praised it by stating that it is a promising project.

It appears that several of TRON’s actions managed to change the group’s mind about the project, including the hiring of a former US SEC official, which silenced any claims that the project is a scam which simply copied Ethereum’s code under a different name.

3) Cardano (ADA) might take the spotlight in 2019

It is no secret that 2018 has been a terrible year for cryptos. Their prices were shot down from their all-time high, and many have dropped by as much as 80%, or even more, depending on the project. However, there are indications that 2019 will be much more favorable for everyone involved with the crypto space, with some projects taking the spotlight away from the old hits.

One such project is Cardano (ADA), which shows all signs that it is ready to make a serious impact on the crypto space. The coin has always been surrounded by a lot of positive news and developments, while it managed to avoid any scandals or controversies. Furthermore, it also announced some big improvements, such as the upcoming Shelley release, which is scheduled to come to pass within Q1 of this year.

The Shelley release will be a big move towards decentralization for Cardano, and since decentralization is what the market and its participants currently desire the most, this will likely draw a lot of new users to the project. As mentioned earlier, nothing is set in stone, and that includes predictions regarding different cryptos. However, the potential is there, and while investors are encouraged to make their own opinions and deductions, pointing out that Cardano is worth keeping an eye on in 2019 should be taken into account.

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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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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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