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Why did WAVES Coin Experience 200% Surge?

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Despite the fact that the crypto market was far from perfect in 2018, and has actually suffered huge losses, investors have really tested their support for certain cryptos in the last month. Ever since November 14th, the entire market was nosediving into new lows, most of which were not seen in well over a year. Only a few days ago, on December 17th, did the situation start to change, and multiple coins started trading in the green again.

However, the situation was noticeably different for WAVES coin, which started seeing an increase in early days of December. Since then, the coin has seen a surge of several hundred percents, which has made it one of the most well-performing coins this month.

After hitting the lowest point of $0.97 on November 27th, Waves coin started growing. It peaked at $4.43 on December 19th, which is when it experienced a slight drop once again.

At the time of writing, Waves has a price of $3.32 per coin, after experiencing a 10% drop in the last 24 hours. However, the question that has had investors and analysts puzzled is — why did Waves start growing out of nowhere?

Why did Waves coin grow?

The first thing to understand about Waves is that it is a platform created for developing an ecosystem for business. With it, anyone can create their own project, and run an ICO. Additionally, any platform member can use it for sending, storing, and exchanging crypto.

Thanks to the use of blockchain technology, the project is decentralized, anonymous, and independent. The platform was clearly created with a web developer generation in mind, which has brought it to the attention of many in the crypto community.

However, like any other good crypto project, Waves coin has continued to develop and improve, enter new partnerships, and more. This has also led to the creation of its mobile wallet, which was recently improved, and the secret of Waves’ growth might be tightly connected to it. The improvement revolves around the wallet now allowing credit card purchase of Waves coins, that can later be exchanged for BTC or another crypto.

So far, the app has seen over 100,000 installs from Google Play Store alone. The app is also much more than just a wallet, as it offers popular features which crypto traders and investors might find very useful. This includes trading on DEX, different tools, charts, access to fiat and crypto gateways, the ability to deposit, withdraw, store, or trade assets, and more.

Unfortunately, US users will not be able to enter the crypto market by using their credit cards in this app, which leaves Coinbase as the best option for them. The reason for this is the fact that the wallet uses Indacoin, which is not available in the US.

Analysts now believe that the changes made to the wallet might be the reason why Waves is seeing more usage, as well as why its price has spiked so suddenly in a period where every other coin was experiencing losses. However, this is not the only reason why this project deserves the attention of traders and investors.

In addition to its mobile app, Waves coin has shown to be quite successful in providing an ecosystem for token development. While it has already had a few good ones, numerous others are still in the works and are expected to arrive at some point in the future.

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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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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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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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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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