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Will EOS (EOS) Edge Out Bitcoin Cash (BCH) After Its MainNet Launch?

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As Tron (TRX) steals the spotlight with its own MainNet launch on the 31st of May, EOS (EOS) is also preparing for its own launch MainNet on the 2nd of June and at 22:59:59 UTC time. The current countdown available online shows that we are less than a week from the launch.

Back in Mid April, EOS managed to edge out Litecoin (LTC) from the number 5 spot according to coinmarketcap.com. This happened around the 11th of April, EOS jumped by 31% in value to trade at $8.76 and taking the number 5 spot from Litecoin. EOS has since held on to that position with a market capitalization lead over LTC that is now at $4.2 Billion.

The next contender for EOS on the list on coinmarketcap.com is Bitcoin Cash (BCH). The coin is holding on to the number 4 position with a market cap of $17.623 Billion at the moment of writing this. The gap between BCH and EOS is of a market cap worth $6.563 Billion. To catch up with BCH and edge the coin out of the number 4 spot, EOS will have to be valued at $20. EOS had reached this value and surpassed it on the 29th of April this year when it peaked at $21.46.

But many crypto-enthusiasts believe that EOS has its sights on a ‘bigger fish’ in the name of Ethereum. Many believe that EOS will be the Ethereum killer in terms of being the platform of choice for developers creating decentralized apps and even in terms of market capitalization. To note is that the Ethereum network has been hit by issues with regards to its security and scalability. The ETH network has been found to have over 34,000 vulnerable smart contracts with the most famous being the Parity incident that leftover $200 Million in ETH locked up indefinitely in a smart contract.

The Ethereum platform has also been recently clogged due to Crypto-kitties and other DApps such as Pepe the Farmer and Shrimp farming. The current backlog in transactions stands at over 27,000 in the Ethereum network and according to Etherscan.

This then gives EOS the chance to prove itself in terms of providing a secure and more scalable option to that of Ethereum. The current Technical Paper of EOS available states that EOS will be a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This will solve the transactions per second issue seen in Ethereum. In terms of security, EOS has introduced a time-based security option where certain actions must wait a certain time before being executed.

The rest of the capabilities of EOS can be read on the whitepaper. Another option will be to wait for the MainNet launch on the 2nd of June that is sure to bring some action in terms of boosting the value of EOS in the markets.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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