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Verge’s XVG: Three things you should know

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Verge XVG
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The digital world doesn’t have a lot of more prominent celebrities than John McAfee. He’s been an advocate for crypto-currencies, especially for the ones that feature privacy and anonymity, as Verge does.

Verge’s roadmap is very clear. It privileges what users want, and it aims to get a token value of $15 before the year ends. They might just get there because users are happy and they’re getting a good experience with Verge.

Consistency

Verge came to my attention when it was ranked at 60. Now it’s at number 27, which means it’s been going up steadily. If you’ve been paying attention (as I have), you’ll find that this is an excellent alt-coin to buy right now. It’s more modern; it fixes holes that older (more classic) currencies have left open.

The first priority for Verge is privacy and anonymity (without involvement in the porn world, as EOS has done). This coin gives you the freedom to be public or not, according to your wishes. It protects you always.

Anonymity has been a core value since the first blockchain currency came into being, but Verge has turned it into high art, they do it differently, they do it better, they take it further. In Verge, you can see every transaction ever made without knowing who did it.

Verge: the raw truth

Any corporation or foundation do not support Verge’s XVG crypto coin. It’s an open source project supported by a community of competent enthusiasts. Do not disparage this, just thing that projects as successful and effective as the BSD and Linux operating systems work under those same principles. Enthusiasts put in the work and the funding. It works.

Verge’s transaction speed is very high because it uses TOR on top of the Android wallet. Granted, getting better transaction speeds than Bitcoin is not that hard, but they do it very well, and they do it over Android, which gives Verge access to most of the world’s smartphone users. If you are on Android, you can do XVG transfers in real time while you keep your privacy and anonymity. It’s easy; it’s quick, it’s safe.

The McAfee Tweet

When McAfee tweeted to support Verge, the coin went up 800% in no time at all. McAfee was criticized for this, but it also shows that Verge is ready to take on the cryptocurrency market, all its fluctuations included.

Verge’s market cap is around $899 million. It traded under $0.05 for some time, but then it jumped to $0.07, which is its current value. The token value is quite low for the time being which will make it easier for investors to buy it in bulk, and wait for prices to rise as the platform keeps developing.

Among Verge’s plans is to implement smart contract technology for the XVG currency. That will allow for developing DApps and to use the platform to monetize the contracts. It will get the investors’ attention, mainly corporate and institutional investors. As they become interested in this coin demand and value will rise.

While this development is a safe bet, it won’t happen very soon. The Verge community is planning to finish implementing these features in 2018’s last quarter.

What you need to know right now is that very few crypto coins have so much going on behind the scenes as Verge does. The digital asset has a team of committed and competent enthusiasts behind it. They will increase awareness and keep new features coming around. This is one of the coins that will perform best this year, and this is the time to get a piece of the action. Once Verge takes off, nothing will stop it.

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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.

Image courtesy of Katopia via Flickr

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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