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ETC 2018 price prediction: Will Ethereum Classic reach $40 this year (again)?

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Ethereum Classic
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In a market that’s been going steadily down for months, Ethereum Classic’s recent behavior is remarkable. The digital asset had some excellent days recently, at the time every other coin was losing value. 

It reached the eleventh place by market capitalization, leaving Tronix (TRX) and Monero behind and surpassing the 2 billion capitalization barrier. Then, it went down again, and it’s currently seemingly stable at the 13th spot.

However transitory that peak was, it’s made optimists out of Ethereum Classic‘s holders and even some neutral observers. They expect ETC to increase in value significantly before the year’s end (most predictions are for next November). This optimism is not just about that recent fluctuation in price but also because of some recent favorable developments that point to an increase in the token’s demand and value sometime very soon.

Not too long ago, Robinhood, a cryptocurrency trade mobile platform announced the adoption of Ethereum Classic in its platform which is now available in almost twenty states in the USA.

The app allows users to buy the supported cryptocurrencies in their mobile phone using credit cards as means of payment. Because of its portability and friendly user interface, Robinhood has access to many users that would otherwise avoid the crypto markets due to lack of expertise.

Then, there’s the Coinbase Pro listing. It’s happening. Ethereum Classic was scheduled to go live at Coinbase about a couple of days ago already. It is a massive development as it will give the cryptocurrency access to thirteen million new users. That’s a lot of new demand. Also, as ETC joins the Californian platform’s services, it will be the cheapest token available, which is probably going to make it attractive (or, at least, less intimidating) to new holders.

Both events make it so much easier to use fiat currency (USD in this case) to buy Ethereum Classic for so many new users in just a matter of days that the ETC market can only change for good because of the expansion. There is no doubt it’s a new room for growth.

Ethereum Classic at $40 by the end of 2018 looks realistic (but)

The most enthusiastic observers predict a bullish run so strong on ETC that it will reach a value of around 62 USD (which is roughly fourth of the current value). While this is, indeed, possible, it seems a little too optimistic, even in the light of ETC’s recent triumphs.

Other, more neutral observers, predict a more conservative (and more feasible) price of 40 USD (roughly a little over twice of its current value) and they also point out that this increase will bring ETC into the world’s top five by market capitalization. 

And that’s why it seems that they are overenthusiastic. While it’s true that, in the current market, such increment in price will put ETC in the top five, that prediction forgets an elementary fact: if it’s possible for ETC to grow that much that quickly, it can only be possible if the rest of the market is growing as well. 

The top five coins are not going to hold their value down as they wait for ETC to surpass them. That’s the problem with these predictions; they are predicated on the assumption that ETC lives in a void, which it doesn’t. 

But that’s not to say that Ethereum Classic (ETC) won’t perform well for the rest of the year. The Coinbase listing has eluded some of the most significant projects in Crypto such as Ripple, so while increases of 100-300% are a hard buy, there’s no doubt that ETC will probably do better than most other digital assets as the year concludes.

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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 Maxpixel.net

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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crypto credit cards
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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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