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Top 3 Altcoins Set For A Big Comeback

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Most digital currency investors know that the crypto market can be quite ruthless at times. Mistakes are hardly tolerated, and never truly forgotten. Altcoins that make the wrong move are very likely to lose a lot of their support, which usually only leads further down the road until they get completely forgotten, and never see the light of day again.

However, this is not always the case, and there are still coins that managed to make a comeback even after everyone thought that they are gone for good. Today, we will check out our top 3 picks for such coins, and see how are they doing today.

1) Dogecoin (DOGE)

Dogecoin is an altcoin that needs no special introduction. If you follow news from the crypto world, chances are that you have already heard of the “joke” coin multiple times. Doge came to be as a meme, but it managed to survive some of the most difficult periods in crypto history. How it did it — nobody knows. However, it likely has something to do with one of the strongest and most supportive communities in the crypto space.

Dogecoin never had extremely high value, and even during the late 2017 price surge, it only ever reached the value of $0.016 per coin. However, after the market crashed in January, DOGE dropped to only a fraction of that value. Its lowest this year was $0.002311, and it was reported just before Dogecoin surprised the entire crypto world by making a comeback in mid-September. Since then, the coin has been relatively stable, with small drops during the last several days. However, it still managed to come back from the brink, which is why it definitely belongs on this list.

2) EOS

EOS is a coin that barely has anyone in the gray area — most people either love it or hate it, with nothing in between. For EOS, 2018 was an eventful year, during which this altcoin made a lot of progress. However, it was not an especially happy year due to some mistakes that it made.

The biggest issue regarding EOS this year happened just after its MainNet was launched in June. Not only was the launch delayed, but the network proved flawed just after the process was completed. So much so, in fact, that it needed repairs within the first few hours of its “life”. While this is nothing scary at first glance, it affected the way a lot of people think about EOS, and the confidence in the project was lost.

Still, the project itself has a huge potential. It has an ecosystem similar to that of Ethereum, but more simple and user-friendly. It is also a great place for developing dApps and creating smart contracts, which has made it popular with developers. In addition, EOS is fast, cheap, scalable, and stable. This is why the project managed to stay alive even after it made its mistakes, and why it is expected to explode during 2019.

3) Ripple/XRP

XRP may be the project that has suffered the most in 2018, at least when it comes to moves made against it. It certainly attracted a lot of attention, and it made numerous headlines due to controversies surrounding it.

Due to its nature, the fact that the company that created it owns the most of its funds, and numerous irregularities with bad explanations, XRP was a prime target of accusations, lawsuits, and negative press for a long time. Throughout the year, we kept reading about the company being sued, the coin being a scam, potential centralization, the fact that it cannot be mined, and a lot more.

All of this helped to create a very negative picture about XRP, and a lot of people believed that the coin won’t last for much longer. However, XRP managed to launch some of its long-awaited products, and they turned out to be working without any issues. As a result, XRP surged by as much as 20% twice in a span of a few months. On both occasions, it managed to briefly overtake Ethereum as the second largest coin by market cap. However, it was also brought back to the third spot both times, after only a few hours.

Still, this means that Ripple has a lot of potentials, and the company behind it has made effort to prove that the coin is truly decentralized after all. In addition, the situation regarding lawsuits got partially taken care of, and XRP has made quite a successful comeback.

In the end, there is a lot more that XRP needs to do in order to grow to its full potential. However, it is certainly not going anywhere, and it will likely stay high among the altcoins for a long time.

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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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collateralized debt position
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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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