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Moeda Loyalty Points (MDA) Up Over 300% This Week – But Why?

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I was blown away this morning when after opening my Binance account to check the ‘Market Gainers’ section of my favorite altcoin exchange I found Moeda Loyalty Points (MDA) had jumped 50% overnight. I’ve noticed the price of this little-known cryptocurrency climbing all week and I have been expecting a natural pull back from the huge gains it has had recently. To my surprise, this coin has again skyrocketed, now perched more than 300% above its price point from just a few days ago.

On October 7th, Moeda (MDA) sat at US $.43, in a relatively stable (if not outright boring) pattern of sideways trading. Slightly down from the month before, slightly up on the day, watching Moeda (MDA) lately was a bit like watching paint dry. Now it’s the most exciting coin on the market as its value races up the crypto-charts, achieving a price of US $1.42 (and climbing) while writing this article.

What is Moeda (MDA)?

Basically, Moeda is a seed funding platform for local businesses. With Moeda (MDA), investments are made into projects enhancing sustainable practices and local growth. Entrepreneurs submit proposals to the program, and when selected, receive funding and mentoring to help them succeed. Seed projects must meet UN Sustainable Development Goals and are selected by the Moeda (MDA) team based on their overall impact on their community.

Investors seeking to make a social impact with their capital can use blockchain to invest and track the progress of their investment with transparency and accountability. From eco-social products to craft beer, Moeda has developed strategic partnerships to facilitate a more sustainable world.

Ok… But what caused the sudden rise in price?

A number of factors may be contributing to the gains experienced by Moeda (MDA) this week. Recent progress has led to a number of developments including the release of the team’s first seed project in August and a fiat pegged token deployed on the Moeda (MDA) ecosystem in September. Further, a digital account and wallet are anticipated this month as developers continue to meet their production goals.

Whether these developments can really justify the recent jump in price is unclear. Honestly, there is very little news out there hyping this project, and while I may be missing something entirely relevant (please comment below to fill me in), I think Moeda (MDA) (and a handful of other lesser-known altcoins) are benefiting from an overall excitement in blockchain projects that may soon translate into gains throughout the broader market.

What can we expect from Moeda’s (MDA) market performance going forward?

Moeda (MDA) has had its share of pumps and dumps (along with the rest of the market) throughout 2018. In early September, this coin shot up over US $.90, only to quickly fall back to earth, stabilizing once again just above US $.40. Longer-term investors will remember the glory days of early 2018 when Moeda (MDA) reached its ultimate peak of US $4.35. Of course, the entire coin market was worth near US $800 Billion at that time.

Whether Moeda can ever reach the heights it achieved in January will largely depend on a new influx of fiat injected once again into the broader altcoin market. While signs do point to another bull run boosting the price of our favorite investments in the near future, the fact that Moeda (MDA) can show gains of this size in an otherwise stable market must be seen as a testament to the power of this altcoin’s base, and the prowess of the Moeda (MDA) platform.

For those of us who are just finding out about this amazing altcoin, it may feel a bit late to buy in. From a technical perspective, a pullback should be expected in the near term before another jump forward brings new investors to the table. On the other hand, that’s what I thought yesterday, and the day before, and the day before that…

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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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