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Top Two Crypto Buys: Monero (XMR) and Ethereum (ETH)

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The cryptocurrency space has taken something of a hit over the last twenty-four hours, with many of the major assets currently in the red as compares to pricing this time yesterday. In fact, take a look at the top thirty coins by market cap and only one – Tether (USDT) – currently sits in the green, with even that gaining less than 1% and, in all honesty, Tether isn’t really a coin that can be looked at from a movement/implications perspective as its supposed to stay still.

When markets dip across the board like this, it serves up an opportunity to pick up cheap coins in anticipation of a turnaround. Sure, we would’ve loved to have seen a turnaround earlier in the month (and to some extent, we did) but so long as the major assets stay above the January 27 lows, things look set for a longer term reversal to the overarching upside momentum that brought the cryptocurrency market to trade at record highs mid to late December.

We’ve been on the hunt for a couple of coins that might present the best discount buy opportunity at current prices, and we’ve found some.

The two we think are the best bets right now are Monero (XMR) and Ethereum (ETH).

Let’s start with Monero.

This one is currently priced at a little over $293, commanding a market cap of $4.59 billion at that price. It’s down just shy of 8% over the last twenty-four hours and close to 40% on its January 7 highs.

Against a backdrop of this price action, however, which looks decidedly bearish, Monero as an entity has been making strides towards commercial success. The coin has grown to become one of the (if not the) industry gold standard privacy coin, and has gained traction based on its utility as a dark marketplace coin – something that won’t please everyone and that certainly isn’t going to support a long-term upside revaluation, but as a kicker, it’s a nice thing to have in place.

XMR Daily Chart

XMR Daily Chart

Anyway, over the last few weeks, one of the Monero team’s biggest names, Riccardo Spagni, has been making the rounds on the crypto circuit, pushing for adoption and preaching as to why Monero can be the next big thing. He’s even got a bit of a bromance going with Litecoin creator Charlie Lee.

We agree with him – Monero can be huge and right now, at the above market cap and a ranking of number 13 against its peers, it looks undervalued.

Next up, Ethereum.

This is sort of an obvious pick but it’s really hard to find a better opportunity in the crypto space right now. Ethereum is currently available at $1128, down 6% on yesterday’s pricing and close to 20% off highs recorded earlier this month.

This is a coin that’s maintained a degree of resistance to the wider industry decline and we think that this resistance demonstrates the difference in utility between ETH and something like BTC, which in turn demonstrates its potential for long-term growth.

ETH Daily Chart

ETH Daily Chart

To put this another way, because ETH is more of a utility coin than it is a transaction coin (transaction, that is, in terms of value transfer), sector-wide sentiment isn’t going to have as high an impact on its market capitalization as it might for other coins.

This doesn’t mean it’s immune to crypto industry developments, of course, far from it, but it does mean there’s a degree of risk mitigation associated with a position in Ethereum and – at current levels – there’s a pretty solid reward on offer based on nothing more than a return to the most recent swing high.

We will be updating our subscribers as soon as we know more. For the latest on XMR and ETH, sign up below!

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.


Image courtesy of Ethereum.

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Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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IE Option – 91% Profit on BTC Fluctuations in Every 60s

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On Thursday, Bitcoin price broke below $6,700 and hit the weekly low to $6,480. Then, it rebounded back above $7,000 again with an increasing rate of 5%. At press time, based on the incomplete statistics, more than $720 million worth cryptocurrency futures contracts have been liquidated in this week. During the strong market fluctuation, investors are learning a hard lesson about the downside of cryptocurrency futures trading with leverage. 

Since we know that we cannot make money by investing in BTC spot trade during the bear market, and we notice the high risks of liquidation by trading leveraged bitcoin futures contracts, how can we hedge the loss in spot trade and profit from the BTC market volatility? 

BTC Option is a profitable trading product that you can turn to!

What is Option?

Option is a type of crypto derivative contract which enables investors to make speculative bet on price rising and falling. Call option means that trader long BTC at a given strike price, while Put option allows trader to short BTC at a given strike price. 

For example, if you predict that BTC price may surge, you can buy a call option. Suppose that you buy a call option at $7,000. As long as price exceeds $7,000, you can make profit. 

IE Option – Get…

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4 things you should know about bitcoin casinos

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Bitcoin Casinos are the ideas of innovation, firmly moving towards the goal of disrupting the whole Gambling Industry. Best Bitcoin Casinos are the true trailblazers of the new era of gambling. Their creators quickly recognized all the immense potential that blockchain and cryptocurrencies contained within themselves. Most of the top Crypto Casinos started operating in the first half of the past decade and are quickly moving towards being the dominant force, when it comes to online gambling. There are a couple of key characteristics and advantages that elevate BTC Casinos above the rest of the competition on the market.  

Trusted casinos have fast withdrawals

Only the Best Bitcoin Casinos offer players the benefits that come with using cryptocurrencies as the main source of finance. One of the biggest advantages that BTC Casinos have over the rest of the competition is speed. When using cryptocurrencies, players can deposit and most importantly withdraw their money with blistering speeds. Thanks to blockchain technology, all the financial transactions are completed within the minutes of request. Alternatively, standard online casinos operating under the guidance of classical banking intuitions, need several days to complete the same procedures.

In BTC Casinos anonymity matters 

Another amazing benefit of Bitcoin Casinos is the ability to stay completely anonymous during the transactions and gameplay. Thanks to the…

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