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Top 3 Promising Cryptos Under $5

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2019 has brought another change to cryptos, and the crypto winter seems to finally be at its end. The prices of many cryptos are already recovering, including Bitcoin, which finally managed to grow past the $4,000 mark and turn this level into its strongest support.

However, Bitcoin and most other top coins are simply too expensive for an average investor, and many who are just arriving at the crypto space are wondering whether or not there are other coins which might be a worthy investment. Of course, the coins would still need to have a future, and something to hope for — something which might ensure their success some day. We believe that there are several such coins already in the market, with three of them being so cheap that you can get a decent number of them even if you can only spare $5 for your initial investment.

1. Stellar (XLM)

The first such coin, with its price well below $5 is Stellar (XLM). This is a project that aims to provide regular people with the ability to quickly and instantly make international payments, at low fees and with transactions being processed and completed as soon as they are made.

Stellar chooses to offer its services to regular traders and investors, unlike its biggest rival, XRP, which opted to offer its products and services to banks and financial institutions. So far, Stellar has been one of the fastest coins in the crypto market, but its price still remains relatively low, with only $0.10689 per coin at the time of writing. Its use cases are much-needed in this day and age, and that will surely remain true in the following years.

2. Basic Attention Token (BAT)

Next, we have BAT, which comes in combination with Brave browser. BAT is a coin which aims to change the way advertising works. So far, companies that wanted to offer their products to a wider audience needed to pay massive amounts of money to companies like Google, Facebook, and alike. They depended on these companies’ reach, as well as their efforts to advertise their products.

BAT and Brave hope to change that, with Brave blocking all online advertisement by default, and providing people the opportunity to watch ads of their own free will. To give them an incentive, each ad they choose to view will grant them a certain amount of BAT token. This will basically take power from major corporations that are currently holding a monopoly on the web, and allow companies to connect directly to their customers, and gain valuable feedback in return.

Currently, BAT price remains low, only $0.231500 per coin. However, this is likely to change in the following years, as Brave acquires more users and expands its reach even further.

3. Steem (STEEM)

Finally, there is Steem — a coin that features its own social media platform, Steemit. Steemit is a social media platform for bloggers, which allows people to express their thoughts and feelings, share images and videos, and get rewarded for posting content that the community likes.

It is similar to Reddit in a way, with the biggest difference being the fact that each upvote will grant you a certain amount of money, donated in crypto. You can also get money for commenting on other people’s posts, and even by upvoting other posts and comments, thus contributing the platform by pointing out the best quality content and community members.

Steemit is considered to be one of the platforms of the future, while STEEM has the potential to dominate an entire group of social media dApps, such as Steemit itself, Dtube, and many others. Meanwhile, STEEM price remains quite low as well, currently being at $0.452716. However, in the future, as more people start turning away from centralized platforms like Facebook and YouTube, Steemit and other members of the Steem dApp family will likely be the best alternative, and the increased usage will launch STEEM price to the moon.

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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

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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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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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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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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