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What Has EOS Been Doing This Week?

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If you are keeping a track of the news, you must be aware that EOS making a remarkable comeback in the market. As per the recent events, EOS surpassed Litecoin to take the 5th spot for a brief period. As of April 18, 2018, the value of EOS stands at $8.68. After a period of depression, this notable altcoin is experiencing a steady rise.

Apart from a stable market capitalization, EOS has announced the release of a new update, Dawn 3.0. This is indeed a big reason why EOS is witnessing a positive response from crypto traders. However, there are other factors which have contributed to the recent price surge. Here’s a quick recap of what EOS has been up to this week.

EOS Gets Listed on Zebpay

Listing plays a major role in increasing the visibility of a currency.  Listed in a number of significant exchanges, EOS is regarded for its high volatility. Essentially, accessibility and visibility are answers to scalability. This is why EOS developers are keen on preparing the coin to be more accessible to the traders. After preparing for an entire year, the developers have implemented Dawn 3.0, as a part of the scalability project. In addition to this, the team has also introduced inter-blockchain communication to ensure that users don’t have to process the whole block while processing transactions.

In essence, EOS has experienced a number of exciting developments, which helped the market to restore its equilibrium ahead of the mid-April market hike. Among the recent developments, mention must be made of the new listing. As per the news, EOS is listed on ZebPay exchange wherein it will be available for live trading on the platform. Aside from EOS, Zebpay has also listed Ethereum, Litecoin, Bitcoin Cash, and Bitcoin.

Zebpay, which is available to traders on both Android and iOS operating systems, is a widely recognized for its profitable trading conditions. The most outstanding feature of this platform is its low fees; discernibly, it accommodates some of the lowest trading charges, making it an affordable destination for live trading.  Going by the figures, it charges only 0.1% for all the currencies on offer on Zebpay.

WAX Announces Partnership with EOS

In the light of the new activities happening in the crypto world, a special mention must be made of the partnership between Wax and EOS. On April 17, Worldwide Asset eXchange (WAX) disclosed that it will develop a peer-to-peer marketplace with the help of blockchain technology, and EOS platform will play a decent role in the project.

The developing body has finalized its plan to choose EOS as the crypto partner following a close inspection of general technology, coding features, system stability, documentation features as well as the community size and activities. At any rate, EOS blockchain ticks all the boxes, whether it is customizable options and supporting features, catering to all the requirements of the WAX platform.

As per the talks, there will be two distinct versions of WAX Token; apart from the existing ERC20 version, there will also be a protocol token that will be responsible buying and selling goods using smart contracts.  Also, the protocol token will offer other unique features like sharing fees among other parties, contracts managing abilities, etc. While the WAX Token is operational at the moment, the protocol token and the blockchain are still in the development stage.

The CEO and founder of Decentral reported, “I fully support the decision by WAX to build their tech on the EOSIO platform. Since the inception of EOS, their team has focused on reducing transaction fees and improving transactions throughout.”  “As someone who supports a variety of platforms and projects, I’m confident that the decision WAX has made to align with the team from EOS has been well thought out and makes sound sense,” he further added.

The Price of EOS Soars as the Bullish Sentiment Makes a Comeback 

Going by the price movement of the currency, EOS has performed really well in the last few days. By all means, EOS led the rally last week, rising ahead of the mid-April price boom. As EOS joins Bitcoin and other crypto winners in the upturn, the bullish sentiment returns for the currency after a temporary patch of depression. As of April 18, 2018, the market capitalization of EOS stands at $7,124,891,972.

EOS, which is trading at $8.68 at the time of writing, has witnessed a tremendous response from the trading community following the recent updates. The listing on Zebpay, along with other developments like EOS’s partnership with WAX and the launch of Dawn 3.0, constitutes as a catalyst for the price hike.

We will be updating our subscribers as soon as we know more. For the latest on EOS, sign up for our Telegram!

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 Changjin Lee via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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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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