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Will KIN’s Market Cap Return to $1 Billion in 2018?

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KIN
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Have you heard of Kik Interactive Inc? A little research will tell you that the social networking platform boasts more than 15 million active users today. Kin, one of the popular altcoins on the crypto market, is a foster child of the Canadian firm.

Kin, the Foster Child of Kik Interactive Inc

Kik Interactive Inc, which has been receiving venture funds from eminent institutions like Tencent, introduced the Kin cryptocurrency to put an end to venture-related funding issues, reported the sources. Just like any other major cryptocurrency, Kin’s performance has been quite impressive.

As evident from the official website of KIN, the altcoin was developed to draw people from various sections to a shared economy, connecting them to the community. When the coin was first conceived, it was looked upon as an incentive for Kik account holders. In fact, KIN tokens have been deployed to provide rewards to the Kik users.

What sets it apart from its peers is the fact that the monetary value can be used to purchase real-life merchandises. Came into the market in September 2017, the altcoin is nourished by a robust community and the company’s stable valuation. With a user base constituting over 15 million users, Kin can overtake the Ethereum network if only 10 percent of Kik account holders use the coin.

Should You Watch Out for Kin (KIN)?

Among the new cryptocurrencies introduced in 2017, Kin has earned special recognition in the crypto community. At the time of introduction, the price of Kin was $0.0001 and its market cap was around $70 million. Unlike other currencies like Litecoin and Bitcoin which have set records in 2017, the performance of Kin was rather flat for the most part of the year, but it is hardly surprising as it is fairly new to the cryptomarket. Things started to change, however, when on December 19, 2017, the price of kin touched an all-time high of $1 billion.

When it comes to the performance of Kin in 2018, it is doing a great job. KIN coin, which was traded at 6.8 percent against the dollar till March 8, has traded at 21 percent over the last week. The KIN tokens are not only available for $0.0002 or 0.00000002 BTC all the important exchanges, which include Bancor Network, CoinFalcon, Mercatox, and COSS. With a market cap of $140,866,268USD at the time of writing, it is likely to continue doing a good job.

Will Kin Cross $1 Billion in 2018?

Although Kin is not listed on major exchanges, it has the support of a stable customer-base constituting 15 million Kik users. In addition, the total supply of KIN tokens can throw others out of the competition. As of 16.03.2018, the total supply of kin stands at 10,000,000,000,000 KIN. Unlike other major coins like Bitcoin, which allow users to buy a fraction of a whole coin or token, kin allows users to buy multiple coins at a lower rate. Although it is very new to the crypto market and its price is extremely volatile, it can be highly profitable if traded strategically. As most crypto critics fear, just because it has a stable customer base it does not mean it will work well with the investors. But you can never tell, for the year has just begun and a lot can happen in the coming months. On the onset of the catastrophic drop in the value of Bitcoin, it is not difficult to imagine that 2018 will be a big year for altcoins like Kin, the market cap returning to its all-time high of $1 billion.

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

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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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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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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