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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

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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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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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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