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Why EOS and Litecoin Are Worth HODLing for the Long Run

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EOS
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The current cryptocurrency slump has made investors rethink their investment theories and look out for flaws in their portfolio. As Bitcoin does not seem to improve its current position, altcoin markets suffer greatly. Many vital projects have gone through a transitional phase since the Bitcoin dip started. Some of these projects are constantly being monitored for any flaws and scans but there isn’t only blood on the cryptocurrency markets today. Some altcoins are brave enough to make a reversal in the present situation and support its investors. Such altcoins are EOS and Litecoin. Both of these cryptocurrencies are ranked among the top 6 largest cryptocurrencies of the world (according to CoinMarketCap).

In this article, we shall discuss further the potential each of these cryptos has inside themselves to change the course of markets once the Bulls are set in place.

About EOS Recent Performance:

Known as the most successful ICOs ever (raising $4 billion in one year). Even before entering the crypto markets, it challenged the DApp giant ‘Ethereum’ to become the first choice of developers creating smart contracts using EOS. The Co-Founder of EOS, Dan Larimer shares his belief that one-day blockchain might get a foothold in the banking sector. The founding company Block.one envisions EOS will find its way in various industries.

In a recent video published by EOS team, such as Daniel Larimer, Bart Wyatt and Brendan Blumer (CEO of Block.one) can be seen commenting on the future of EOS and its technology being accepted everywhere by everyone. But the recent account freezing orders sent to the EOS block producers has stirred negative sentiments throughout the cryptocurrency markets. As a decentralized blockchain-based project, EOS platform and its EOS constitution are being blamed for centralized operations. That’s the main reason why EOS individual price is approximate, $7.55 which is going south at the rate of -7.28% according to the data on CoinMarketCap at the time of writing. But according to the latest buzz, it seems as though Larimer is indicating an upcoming amendment in the EOS constitution which would put all rumors about EOS being centralized to rest once and for all.

The way things look may seem as though EOS will have a hard time before recovery but given its previous records and its plan to dethrone Ethereum we can say that once EOS markets start retracing its steps back, bullish signals would make investors recover most of their investment back in no time.

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What does Litecoin have Up Its Sleeve?

Litecoin futures trading have given Litecoin markets new hope and vitality and it was launched on 22nd of this June. The cryptocurrency exchange named ‘crypto facility’ based in the United Kingdom has launched the Litecoin futures trading. With the help of this, investors will be able to hold long/short-term futures contracts with Litecoin on weekly, monthly, quarterly maturities basis. The Co-Founder of Litecoin, and a well-known crypto space influencer Satoshi, Charlie Lee has publicly expressed his consent as well as excitement on the launch of Litecoin futures trade on crypto facility exchange because according to him futures trading opportunity would make it easy for investors to enter and exit Litecoin while making the cryptocurrency available for institutional investors all around the world. Experts believe that Litecoin futures trading might actually improve Litecoin’s price transparency, liquidity, efficiency in the crypto markets.

The news coming from St. Louis also helped Litecoin markets take a breather from the present price slump. The Federal Reserve Bank of St. Louis has recently announced to add four largest cryptocurrencies of the world which are Bitcoin, Bitcoin Cash, Ethereum and Litecoin to its database. To cryptocurrency enthusiasts and investors, this came out as a great opportunity to make a strong position in the abovementioned cryptos. The database used by St. Louis bank is commonly known as FRED which stands for Federal Reserve Economic Data and it is going to be fed data regarding crypto prices from world’s one of the biggest and most influential crypto exchange ‘Coinbase’. The purpose of this would be to keep economic researchers aware of the price points, sentiments and other important data which causes crypto market’s movements.

Current Market Positions of Litecoin and EOS:

Even if the two widely famous crypto projects, EOS and Litecoin are currently giving red signals but the crypto slump and Bitcoin’s decreasing prices haven’t shaken their enormous market capital and reputation within their communities. Litecoin is currently being traded at $76.51 approximately while its market capital rests at $4.373 billion. Around $258 million worth of Litecoin has exchanged hands within the past 24 hours. Whereas in case of EOS, the total market capitalization has reached to $6.762 billion overtaking Litecoin, all thanks to its successful Mainnet release and dedicated community.

Conclusion:

There is no point in denying the fact that cryptocurrency markets are experiencing a harsh situation where Bitcoin can’t seem to make a recovery enabling altcoins to rise beyond expectations and surmounting lots of profits. But, it’s also a fact that there has been such Bitcoin price dip in the past as well, which was followed by a bull breakout and this is causing FOMO among investors. Nobody wants to lose this opportunity by not making their move when the prices of top 10 cryptos are low. Although, it remains to see how Litecoin and EOS start their countermeasures and proceed to grab the first spot once the market gets bullish.

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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 Alan Lam via Flickr

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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