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NEM Price Surge After Expanding To Australia

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NEM price starts the week with an increase

The new week seems to be off to a pretty good start for several altcoins, with NEM price currently leading when it comes to gains. Following the weekend, NEM started experiencing a surge of its own, with its value exceeding $0.1. In the world of cryptocurrencies, price surges often start during the weekend, and by the time Monday arrives, they have already blown over. By the time a new week starts, altcoin trading returns to the red, which is where it stays for a while. However, it would seem that this week will be different.

While many other altcoins do trade in the red, as expected, NEM price started growing and has easily surpassed $0.1. This is a result of a 5% growth, and it is not too unusual since a lot of altcoins are known to suddenly grow, only to experience a price reduction later. Experts agree that his event might go through the same experience, despite the fact that it is slightly different than what usually happens.

This is a nod toward several interesting developments regarding NEM that the coin has experienced in the last few days. One of them might be particularly responsible for the new situation, and that is a new partnership with CloakCoin. Partnerships between altcoins are becoming more often, which is an interesting development, as it indicates strength and promises that projects will remain relevant.

NEM grows popular in Australia and the Philippines

Additional big move regarding NEM is the fact that its team has recently announced setting up a blockchain hub in Melbourne, Australia.

Australia is seen by many as a decent location for crypto development due to less strict regulatory measures. It is still unknown whether NEM will be able to achieve its full potential thanks to this new move, but investors remain optimistic.

Finally, NEM price also might have grown thanks to additional attention gained from a new video by Jeff McDonald, NEM’s advisor.

In the video, McDonald goes into depth while trying to explain blockchain technology. Considering that this took place in the Philippines, it is not surprising that NEM received a greater amount of attention in this part of the world.

After all of these events, NEM price started yielding results, and the coin reached a $0.1 mark without resistance. At the time of writing, the NEM price is at $0.100494, with a growth of 4.16%. Whether this trend will continue or not — still remains to be seen. In any event, NEM is currently one of only a few coins that are trading in the green.

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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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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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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