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Monero price forecast 2018: An important recognition may happen

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Monero price
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Most of the encrypted currencies work with only a pseudonymous, but that’s not the case of Monero, the unregular cryptocurrency which actually works anonymously. This may be exactly the reason why it could be emerging very soon, in fact, the coin has been going through a significant boost during the last 12 months, just like the crypto market in general (yes, for the market as a whole, last few weeks haven’t been that good).

Nonetheless, whether it is still a buy or not that’s something yet to determined.

Monero price forecast 2018:

The current Monero price is approximately $313, however, the projection to the end of this year is the amazingly increasing number of $650. In the same line, a five-year forecast projects the price up to $2000, which proves a great appreciation of the coin from now on.

It seems that the anonymity related to the coin is playing in its favor since that looks fair enough for its users due to the full accomplishment of the Blockchain and cryptocurrencies principles.

As a matter of fact, some past actions include a few law enforcement agencies trying to identify the parties involved in a transaction but have failed humorously in the task. Therefore, the potential of this coin is immense; it can provide the users what they were looking for since the whole crypto market started, a completely anonymous transaction.

In consequence, it is not to be surprised of the huge traction the cryptocurrency is showing, and of course, the appreciation projected to the future.

Moreover, this cryptocurrency has experienced a  decreasing from the peak just like the other cryptos in the market, but this, in fact, represents an alternative for buying at a good price now and obtain a greater gain later.

Yet, if in the near future Monero does not manage to maintain the incredible anonymity for which the coin is known right now, it will not be able either to keep up the recognition and appreciation of which is benefiting of.

Contrary to, if they find the way to continue with the anonymous work, they will ensure to fidelize the users which whom they work now or may work later.

Furthermore, there are plenty of good possibilities for this cryptocurrency. The only potentially bad scenario could be a regulation, yet this is virtually impossible since Monero is totally decentralized and not controlled by a specific association.

This way, Monero users can be completely relaxed as the future for this digital coin seems to be ascending and out the regulators’ target.

To conclude, Monero is a great option for users to enjoy; it provides them with an anonymous trading and also does not represent any risks of regulations or privacy violations. Therefore, whoever would be on the look of an ideal cryptocurrency for investing, this seems to be the right choice.

Whatsmore, Monero represents a great opportunity as well for diversifying and expanding cryptocurrency users portfolio; as it gives them a brand-new and unique crypto coin to transact with.

We will be updating our subscribers as soon as we know more. For the latest on XMR, sign up below!

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 Tim Donnelly via Flickr

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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Altcoins

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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