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OmiseGo (OMG) Might Be Your Next Investment in 2018: Here’s Why

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OmiseGo, currently ranked as the 20th-best currency in the global coin ranking list, has been going through some interesting changes for the past couple of months. Besides getting a new listing and preparing for developmental changes, OMG is seen rising up against the dollar, in portion due to the bullish trend in the market that has been going on for the last several days and partially due to a couple of great news. Here is why OmiseGo could easily become your next investment.

OmiseGo Gets a New Listing

Listings always make a great occasion alongside with representing an entirely new opportunity of the listed coin, as the mentioned coin consequently gets on its exposure, being added to the new exchange market.

This time, OMG made quite a move by getting a listing on one of the most promising exchange platforms in the Indian market, acquiring a listing on Unocoin.

Unocoin stands for one of the greatest exchange platforms in India, altogether making one of the top platforms in the Asian market. That means that OMG got another great opportunity to penetrate into the Asian market, that way also acquiring an increased trading volume, which became evident in the last 36 hours, when OMG went up by over 7% against the dollar, while it got another rise of 2.80% against the dollar in the last couple of hours in the time of this writing.

It is considered that OmiseGo managed to acquire a slightly higher rise in oppose to its peers due to the event of getting a listing on Unocoin in the last couple of days.

OmiseGo to Merge with Cosmos: Hard Spoon Following Up Soon

The term hard fork sounds familiar to every crypto enthusiast; however, there is the term of a hard spoon as well. Hard spoon might come off as less familiar to the crypto market as not many digital assets take their chances with a hard spoon.

In case you are not sure what hard spoon is, this is a process that includes minting.

By minting the two different cryptos, you get an entirely new crypto, which allows the new asset to acquire the total balance of both cryptos.

OmiseGo is already working on preparations for a hard spoon, as OMG will get merged with Cosmos, which is a new asset.

Once these two cryptos get merged, the two different balances will become one, so OmiseGo will get the balance of Cosmos as well, which might consequently take it further up from the 20th spot on the global coin ranking list.

The hard spoon should take place on the chain called Tendermint, after which OmiseGo will be merged with Cosmos. The work on the preparation for hard spoon has been going on for a couple of months already, and even if it is not yet certain when the hard spoon will take place, it is considered that the hard spoon will occur by the end of June.

OmiseGo, Q2 and the Mobile Client

OmiseGo is a unique asset in oppose to its peers as instead of chasing after getting OMG massively adopted in real life, OMG is aiming at creating an ecosystem that will represent a safe environment for efficient interconnection between digital currencies and fiat values.

The goal that OMG is aiming to complete during the second quarter is acquiring a mobile client for OMG chain.  That is why, in order to improve the service of OMG network, the team behind OmiseGo decided to start working on creating a mobile client for their users, which would serve the purpose of staking OMG, altogether increasing the number of clients on OMG, while increasing the volume of staking among the community of OMG supporters.

The official date of the release of the mobile client is yet to be announced, however, it is most probably the case that the mobile client will see the daylight by the end of the second quarter, providing yet another valid reason for owning OMG by the end of 2018.

OmiseGo Performance

During the last 24 hours, OMG acquired a rise of around 7%, while we can see it now as it is rising by 2.70% while rising against BTC as well.

OMG is dropping when compared to Ethereum, however, this is not a surprise as the majority of the currencies can be seen rising up for the past couple of days in the sign of rebounding.

Following the latest change in the market, OmiseGo could make a solid good investment as it is still available at the price of 12.03$ per one OMG, with great chances to get back to its record value of 26$.

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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

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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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