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NANO Price Won’t Be This Low for Long

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The crypto markets have once again given us hope and reminded us why we love and believe in this industry. Looking at the charts, we find that most of our favorite digital assets are in the green and led by Bitcoin (BTC). The King of Crypto has regained some value and is currently trading at $6,373 at the moment of writing this. XRP has exploded due to the xRapid hype and NANO price has also rallied by 5.2% in the last 24 hours. The latter digital asset is currently valued at $2.37 but Nano price will not be this low for too long as shall be explained below.

Technical Developments

Unbeknownst to many, the NANO cryptocurrency is a fee-less and fast digital asset that has wallets in the multiple platforms of Android, iOS, Windows, Linux and on nanowallet.io. This type of wallet support is unprecedented in the crypto-verse for any one project. Add the fact that transactions are free, we sort of forget about XRP for a minute with its $0.0004 transaction costs. Free is good! Free is better!

NANO is ideal for micropayments such as tipping on Twitter and Reddit. There is also the possibility of NANO making an excellent base currency for crypto exchanges due to its zero fees. As a matter of fact, KuCoin has updated NANO to KuCoin Plus Trading Area. The announcement was made by the exchange on the 17th of September and it stated the following:

“KuCoin is dedicated to creating a healthy exchange ecosystem, investigating high-quality projects and utilizing resources to better serve our users.  We have been closely monitoring and analyzing all the projects in the KuCoin Plus Trading Area.  Based on our comprehensive assessments, we have made the following adjustments:

DCC, AOA, ITC, LYM, OLT, TRX, ONT, DCR, NANO and ZRX have been promoted to the KuCoin Plus Trading Area.

Such an announcement should boost Nano’s price.

Enthusiastic Community

The NANO community is one of the most enthusiastic communities in the crypto verse. They have even led the adoption of the cryptocurrency by creating a localNANOs.com platform that borrows its idea from the famous localBitcoins.com. The platform is in its testing phase and will eventually become a portal where you can exchange NANO on a peer-to-peer level.

There is also localNano.com (without an ‘s’ at the end) that promises to allow you to buy NANO with cash, bank transfers, SWIFT, e-money, Visa, Mastercard, gift cards and even set your own escrow service.

NANO price

Checking the one year chart of Nano (NANO) we find that the digital asset peaked to $36 in early January indicating that it has potential once the crypto markets are stable and with a strong Bitcoin to lead the pack. But the way things are going with NANO – as can be seen with the technical developments – its price action might be less tied to that of BTC in the future.

We might find a situation where NANO is less affected by the volatility of Bitcoin (BTC) in a manner similar or greater to how XRP has wowed us with 18% gains in the last 24 hours and due to xRapid.

In conclusion, NANO is a gem that is hiding in the number 27 spot on coinmarketcap.com. For the few who are HODLing, they have seen the future in terms of a fee-less cryptocurrency and the flexibility available with the NANO ledger. If you have not researched on NANO, now is the time to start doing so. It might be a safer bet than Litecoin (LTC).

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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. The author is long Bitcoin. 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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