The Bulls Are Back, Trump’s Petro Ban Backfires and Karmic Justice: This Week in Crypto

Price Watch:

  • Bitcoin is up 15% this week after a slight gain last week and a nearly 20% drop the week before. After stabilizing at $7,100 earlier this week, the price rocketed above $8,000 in a dramatic green candle. The price has hit a sell wall over the $8,00 mark, but analysts are optimistic. For the first time in a few weeks, we’ve seen major personalities revealing huge price targets in a manner similar to the end of 2017. Despite the price rise, bitcoin dominance fell slightly marking a reversal of last weeks gains.
  • Ethereum is up 30% this week. The currency was flat last week and experienced several weeks of double-digit drops in the weeks prior. Technical analysts are optimistic that the rally will continue. Those more keen on fundamental analysis will point to Golem going live this week.
  • The entire crypto market gained 20% this week briefly bringing the total market cap over $325 billion. This comes after early gains of $20 billion earlier in the week and is no doubt due to bitcoins fantastic price rally earlier this week. The dramatic gains come after several weeks of the price staying sideways at the $250 billion level.

Crackdowns:

  • Trump’s crackdown on Petro backfires: A Venezuelan government representative thanked Trump for the free publicity that came from his ban on Petro. The representative further claimed that Trump’s executive order has even managed to raise investor interest in the U.S. These statements should be taken with some hesitation, as the Venezuelans are suspected of making false statements surrounding the “$5 billion” raised by Petro’s presale earlier this year. In any case, Venezuela has made some bold predictions for the future stating Petro’s impact would be felt within “three to six months“.
  • Pakistan banned banks from transferring cryptocurrencies this week in a move that closely followed neighbor and on-again-off-again enemy India’s ban last week. The move in Pakistan is expected to be just as controversial (and ambiguous) as India’s. The move follows similar actions by Bolivia, China, Ecuador, Colombia, Russia, Vietnam, Bangladesh, Nigeria, and others although these bans have taken various forms.
  • JP Morgan sued over fees: In what has been called a form of karmic justice for J.P. Morgan CEO Jamie Dimon who called bitcoin a “fraud”, the firm he runs has been hit with a class action lawsuit surrounding hidden fees users incur when using credit cards to buy Bitcoin.
  • Bitfinex investigated over money laundering: Polish authorities have revealed that Bitfinex has been implicated in an investigation into the laundering of zł 1.27 billion Polish złotys (~$371 million). The laundered money is said to belong to Colombian drug cartels. Colombia banned cryptocurrencies in late 2016 citing money laundering concerns.

Forks:

  • Nano lawsuit demands fork: A class action lawsuit filed by victims of a breach against exchange BitGrail aims to force the developers of Nano (XRB) to create a hard fork which would return lost assets to investors. Normally security is the asset holders responsibility, but the developers appear to have explicitly endorsed the exchange citing a close relationship with BitGrail founder. Questions have been posed over whether or not the attack happened and many have pointed fingers exclusively at BitGrail. If this lawsuit is won by the plaintiffs it could set a dangerous precedent for future hacks.
  • Vitalik opposes hard fork that would stop ASIC mining: After EIP  that sought to slow down Ethereum centralization by stopping ASIC miners became wildly popular, Ethereum co-founder Vitalik urged the community to exercise some restraint. With the memory of Moner’s 5x hard fork , it’s completely reasonable to fear a split in the community and a detraction from “more important things”.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Jake Sylvester
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A perfect time to buy and HODL Litecoin (LTC)!

There is no better time to buy or HODL Litecoin (LTC) than now!
The whole market (or a great portion of it) is in the green after the top 3 coins gained massively this past week. Bitcoin’s hour of miracles, saw its price move up by over 20% on Thursday. Ripple finally broke the $0.5 mark resistance and Ether is back to above $500 mark, finishing off the week for any cryptocurrency investor on a high. Litecoin on its part boosted back above $130 mark briefly on Thursday but has since dropped to $125 as at time of writing. This presents an opportunity to buy as the coin looks to double in the coming months.

Litepay is coming of age
LTC is one of the founding coins in the cryptocurrency field. In fact, Litecoin is known as the first Bitcoin fork that dealt with Bitcoin’s slow transaction times and expensive transaction fees. LTC has grown in the past few years, breaking the $100, $200 and $300 barriers, all in 2017. This came as the whole cryptocurrency market had a massive bull run during the final two quarters of the year.

With the launch of Litepay, Litecoin presents one of the most promising coins in the cryptocurrency-payments arena to date. The mobile based app is yet to reach the take off stage but with the more and more merchants take it up, the value of LTC will, with no doubt, increase substantially. The coin is currently selling at a discount with experts expecting LTC to reach $1000 by 2020.

Psychological effect of regaining 5th position
Although this week has been rather so-so for LTC on the charts, the recent resurgence will only serve as a boost for the reputation of the coin. The week started on a low as Litecoin (LTC) dropped to 6th on the Coinmarketcap ranking while EOS claimed the 5th spot. This happened as the latter had an 80% increase in two days marauding its way up from ninth up to fifth. Litecoin has however regained its 5th position on the grid as its market capitalization increased by over $600 million USD during the week.

A leaked announcement?
The recent announcement that Aliant Payment System is preparing for a massive partnership with Litecoin caused a positive move for LTC’s price. This partnership has even gained more traction from sections of the public and crypto media after APS teased their followers on Twitter on Saturday morning. The tweet showing Aliant Payment System CEO, Eric Brown, ready to sign a contract has caused most of the LTC investors and enthusiasts to come to the conclusion that the deal may just be the Litecoin Partnership.

The news may well be a false alarm. However, with the company confirming that the partnership deal will be completed by the end of Q2, then it may well be it. Aliant currently is a company worth $15.5 billion USD and transacts annual volumes of above $560 billion around the world. The deal with Litecoin will serve to allow the platform users to be able to accept LTC as a mode of payment. Litecoin will be one of the cheapest form of payment on the platform with fees of less than 1% for every transaction.

Rumors and speculation seem to point towards a large e-commerce system, such as Alibaba or Amazon taking up LTC as a form of payment. They are speculations but may well be one the drivers of Litecoin (LTC) towards the $1000-mark.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: DEPY Crypto
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China’s Bitmain Gets Approval for US Bitcoin Mining Operation

Bitmain, Chinese cryptocurrency mining company, has been given a green light to set up a blockchain facility in Western Walla Walla County, a county in the U.S. state of Washington. Local newspaper Union-Bulletin wrote that the decision was in complete agreement of the three commissioners involved in the situation.

Last month, CCN reported that Ant Creek was in talks with the officials to buy land in the port of Walla Walla. Bitmain’s co-founder, Jihan Wu, was listed as the governing person of the company, with Jeff Stearns as the director of operations. The initial deal included leasing 40 acres of land which would result in 15-20 full time jobs. However, a few changes have been made to the original offer. Currently, the company is receiving 10 acres land and the opportunity to show the county its technological potential.

If Ant Creek accepts the offer, the lease will run until the end of 2018, after which the company will be given a choice to purchase the land. The company would pay $4,701.67 monthly, and if it decided to buy the land, it would need to pay $150,000. Additionally, $2.5 million would be spent on constructing a roadway since the land is currently inaccessible. The port will cover access improvement design, and drinkable and fire protection water expansion costs of $140,000 and $300,000 respectively. However, Stearns neither accepted nor denied the altered deal yet.

The decision was made at a public hearing, where many residents opposed the idea of cryptocurrency mining. According to them, allowing such a project would benefit anonymous people while using their land’s electricity. Without mentioning Bitmain, Stearns explained that Ant Creek was “both a blockchain and artificial-intelligence company” to the people.

Some people spoke against bitcoin mining, while some said the company was focusing more on blockchain to “soften the idea”. At one point, a person was escorted out of the hearing. One of the commissioners even clarified that blockchain had various use-cases, one of them being food security.

Les Teel, CEO of Columbia Rural Electric Association (REA), also said that the company could easily fulfill Art Creek’s demand without putting the residents at risk. However, when it came to finalizing the deal, president of the commission, Peter Swant, said, “We are elected to do what the people would like us to do.” Out of the 60,000 residents, only 60 or 70 people were opposing the collaboration which made it difficult to vote in favor of the minority.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Habiba Tahir
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HODL On: In Defense of Bitcoin’s Best Investment Strategy

In 1987’s Black Monday stock market crash, Sam Walton, the world’s richest man, lost more than half a billion dollars in a few hours.

When reached for comment, Walton said, “It’s paper anyway. As far as I’m concerned we’re focusing totally on the company doing well and taking care of our customers.”

He didn’t care about dollars; he cared about his asset Wal-Mart, and he still owned that.

History of the #HODL

In bitcoin’s volatile and roller coaster past, “HODL” was the meme that bound the cryptocurrency community together. It stood for the proposition that we all believe in the future of bitcoin. It’s both funny and insightful.

Here is the original post by GameKyuubi on a Bitcoin Talk forum (spelling errors and profanity included):

I AM HODLING

I type d that tyitle twice because I knew it was wrong the first time.  Still wrong.  w/e.  GF’s out at a lesbian bar, BTC crashing WHY AM I HOLDING? I’LL TELL YOU WHY.  It’s because I’m a bad trader and I KNOW I’M A BAD TRADER.  Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.  Likewise the weak hands are like OH NO IT’S GOING DOWN I’M GONNA SELL he he he and then they’re like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY’RE DOING buy back in but you know what?  I’m not part of that group.  When the traders buy back in I’m already part of the market capital so GUESS WHO YOU’RE CHEATING day traders NOT ME~!  Those taunt threads saying “OHH YOU SHOULD HAVE SOLD” YEAH NO SHIT.  NO SHIT I SHOULD HAVE SOLD.  I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU.  You only sell in a bear market if you are a good day trader or an illusioned noob.  The people inbetween hold.  In a zero-sum game such as this, traders can only take your money if you sell.

so i’ve had some whiskey

actually on the bottle it’s spelled whisky

w/e

sue me

(But only if it’s payable in BTC)

It was not about bitcoin versus bitcoin cash or 1,000 other cryptocurrencies. It was bitcoin vs. the world and we ALL embraced it.

It only took 11 minutes for this post to become a meme that became the rallying cry for the entire crypto world. We were all on the same rollercoaster ride and GameKyuubi, in the depths of his frustration, had (sort of) elegantly articulated both what it feels like and the best trading strategy for an asset this volatile.

Buy and HODL.

The good traders

GameKyuubi was wrong about only one thing: There aren’t any good traders.

There are lots of us who believe we are good traders. But we aren’t. Of course, some of the loudest voices on Reddit regularly remind us about how well they time the market. Except when they don’t time the market well.

A paper published last October by the Haas School of Business at UC Berkeley entitled “Do Day Traders Rationally Learn About Their Ability?” used nearly 15 years of stock market day trading data to conclude that all day traders are irrational, the vast majority of day traders lose money, and even when day traders are successful, they “irrationally attribute success disproportionately to their ability rather than luck.”

This sounds exactly like the crypto trader. Any post you see mocking HODL is likely someone who thinks they are really smart because they made money by trading crypto last year.

Of course, their success was due to their unique trading ability and not the fact that the entire market rose like a rocket.

HODLing works

Still, empirically, even in volatile assets like bitcoin, carefully choosing an asset and holding long-term positions has proven to offer the best return.

Warren Buffett, the most successful investor of modern times, has often said that he only invests in what he knows. His preferred holding period: forever. With that model, his company, Berkshire Hathaway, has averaged a 19 percent annual return since 1965 which means it has risen more than 1 million percent.

Theoretical models that assume participants know when markets will move against them can offer better returns but, in practice, market movements cannot be reliably predicted so even when people like Bernie Madoff try to make us think that they’ve figured it out, they haven’t.

Long-term investment in quality assets remains the only reliable investment strategy.

Simply put, HODLing works.

More possibilities

For those not interested in limiting their activity to HODLing, there are two new and useful ideas that have begun bouncing around that really do advance cryptocurrencies: #BUIDL and #SPEDN.

BUIDL has been used to help remind us that, in the words of a CypherPunk’s Manifesto, “Cypherpunks write code.” In order for the blockchain to really be useful and valuable, we need to build stuff on it. Watching the price go up and down either as a trader or a HODLer does nothing to make bitcoin work better.

We need to create some of the promised applications that can really change the world. To date, the blockchain community has fallen short in this regard outside of the areas of payments but there are some real wins.

Just this weekend, Voatz, a Medici Ventures portfolio company is running party county convention voting in Utah, state convention voting in Michigan and state primary voting for overseas and military voters in West Virginia, all on a blockchain platform.

Blockchain voting is a simple application, but it is one that can bring a much-needed security and transparency to elections. And we are doing it now.

SPEDN is a nod to the many of us who realize that, for bitcoin to be useful, we need to be able to spend it to buy things. And I mean everything. It really doesn’t matter whether it is through second-layer solutions like lightning or forks like bitcoin cash; we need more ways to use cryptocurrencies in real-world transactions.

A focus here, rather than complaining about HODLers would be helpful. We need many more merchants to accept cryptocurrency before it becomes useful. Options to spend bitcoin remain severely limited in most areas and this will ultimately limit bitcoin’s value.

As for me, I will HODL until I can buy useful stuff and SPEDN.

HODL on

This year has seen intense regulatory pressure on cryptocurrencies and its time we stop pretending that HODL was stupid. It isn’t and it wasn’t. Anyone who doesn’t like the HODL mentality needs to give HODLers something else they can do with their bitcoins.

Trading is no solution for intelligent people. What we need are new ways to use cryptocurrency.

We need BUIDLers and merchants who will let us be SPEDNers.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Steven Hopkins
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Verge (XVG) Mysterious Partnership Announcement set for 17th April!!

Speculation is high as the Verge (XVG) community awaits the announcement on the long awaited partnership. The cryptocurrency has had a price surge since this news hit the market; so far the coin’s price has increased by 180% in the last month. We can agree that that is quite an impressive figure for an altcoin that is currently placed 21st in market capitalization.

It started with a crowdfunding in March 2018 that had been organized by Verge (XVG) in which they had a target of 75 million Verge coins. Surprisingly investors’ were keen on this project and the target has since been surpassed, this has been a good trajectory for the XVG long term growth. As a result the Verge (XVG) team promised to announce a significant partnership on April 17th keeping its holders in a high mood of speculation.
A couple of crypto experts and analysts believe that this coin has been successful in beating the bearish odds in the current crypto market. Therefore there is reason to believe the Verge will be a fundamental crypto in the age of digital currencies given the good momentum at the moment. Many crypto enthusiasts are hopeful that once price correction and scam projects are eliminated, Verge (XVG) will be among the altcoins trading at the above $1 mark comfortably.

Recent news on the XVG coin has pointed to TokenPay as the mystery partner to be soon announced. This would be the most probable guess for anyone who has been following the two projects closely; On April 8th TokenPay tweeted on the update of a meeting held in Munich;
“#TokenPay CEO @derekcapo meeting in Munich earlier today for breakfast with key stakeholders of the German bank. A deal in principle has been agreed upon by all parties. We will provide full details at closing, but can say that $TPAY and $XVG debit cards are likely coming soon.”

It is such speculations that have seen the value of the XVG coin increase recently with investors’ hopeful that fortunes will be changing soon if they jump in. However, we might have to wait until April 17th to know this mysterious partner following a recent tweet from Derek Capo, TokenPay CEO;
“There is a lot of speculation that @tokenpay is the mystery partner for @vergecurrency the answer is no. However, we do have a lot of plans to integrate $XVG into a lot of services we plan to offer soon. The crypto community needs more partnerships to increase adoption of crypto.”

Verge (XVG) Current Market Performance
The XVG coin is among the most convenient cryptocurrencies for users who value privacy and anonymity based on its protocol. This has been a big factor on the coin’s algorithmic score in which the coin is ranked 10th position while the total supply of XVG coins is at 14,877,632,068 as of press date. Volatility is a common risk factor for this altcoin that has been at 62% volatility within the last month although most of this has been on the upward price trajectory.

Verge (XVG) has been in existence for roughly 42 months which increases its probability of survival when looking at achievements in the roadmap so far. In addition the coin has proven to be a cash cow so far with a daily average return of 4.55%, this is not close to any amount of interest of dividends paid on market securities. However, fundamental and technical analysis would be important for any investor thinking of giving up their almost riskless bond portfolio for a stake in the crypto market.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Edu Gachaja
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Bitcoin [BTC] predictions by top influencers – $250K by 2022, bullish all the way!

Bitcoin grazed $8500 yesterday at 11:20 UTC before retracing back to $8300 which is still at a 5% increase from the previous day. The current market cap of Bitcoin stands at $141 billion and dominates the market by 42%.

Despite the poor first quarter performance, everyone from influencers to investors and even skeptics feel that Bitcoin’s resilience to the massive regulatory crackdown and governmental pressure makes it a very stubborn digital currency which could propel prices with ten times more the intensity that was experienced towards the last leg of 2017 where Bitcoin peaked at $20K.

Following are predictions from various sources of importance in the order of predicted valuation:

Pantera Capital: They are an investment firm based out of San Francisco, CA focusing solely on virtual currencies and blockchain technology. Their prediction stands at Bitcoin – $20,000 within this year.
Thomas Lee, Co-Founder of Fundstrat Global: Wall Street investment specialists put Bitcoin at $25,000 within this year.
Anthony Pompliano: Predicts Bitcoin at $50,000 within this year.
Mike Dudas: The Co-founder of Button predicts Bitcoin to be $50,000 by next year.
Alistair Milne, CIO of Altana Digital Currency Fund: Based out of Monte-Carlo, Monaco, predicts Bitcoin around $35,000 – $60,000 by 2020 halving.
Tim Draper: Founder of DFJ Venture Capital, based out of Menlo Park, CA predicts Bitcoin at $250,000 by 2022.
Brian Kelly: CNBC Fast Money Trader and author of The Bitcoin Big Bang predicts Bitcoin at $250,000 by 2022.

A lot of analysts have predicted that Bitcoin could potentially see a massive bull run with Tax day concerns wearing off. Many from the community like Daniel Godhino, a Financial Advisor from Chicago feel that traditionalists who call Bitcoin a bubble would be living in a bubble themselves. He says, “People who call Bitcoin a bubble are traditional, close-minded oldies who probably will not live past the next 10-20 years. The challenge was initially cross $1000, I think it will only be upwards from here. Looking back at history, we will be doing this same conversation when Bitcoin hits a peak at $100K and then probably retracing back to $50K and people crying that Bitcoin is a bubble”


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Kajal Bangara
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CNBC Fast Money’s Brian Kelly: Bitcoin Is Like The ‘Internet In The 1980s’

Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980s,” emphasizing that Bitcoin (BTC) is still in its early stages in an April 13 interview on CNBC’s Trading Block.

When asked about Bitcoin’s potential, Kelly answered that while he used to see crypto as comparable to the Internet in 1995, he now understands that a better comparison is further back:

“I think this technology is going to work, it’s going to be game changing, but it’s very early days, so we can have this massive volatility.”

Kelly compares Bitcoin to early Internet companies Cisco and Microsoft, equating Bitcoin with Cisco’s router and Internet protocols. However, Kelly underlines that it is incorrect to think of Bitcoin as a company or a stock: This is an open source software, you can’t think of it as a company, and that’s where people make their mistake […] This is not a stock, this is not a company.”

Bitcoin’s price slump since the new year has been attributed by Fundstrat’s Tom Lee to a taxpayer sell off in the US before the tax day, April 17. According to the interview, Kelly agrees with Lee’s analysis, adding that “we’ll know presumably after April 17 if we can hold these gains.”

Kelly also mentions the recent report by analysts at Barclays that referred to cryptocurrency as a “virus” and an infectious disease that would “never hit another high again.” Kelly notes that the moment right after such negative articles are published is when he “wants to buy any asset, whether it’s Bitcoin or not.”

On Friday, Kelly said in a another interview that he supports investment tycoon Tim Draper’s assessment that Bitcoin could hit $250,000 by 2022.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Molly Jane Zuckerman
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Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC

Buying cryptocurrency has just become easier for all residents of the US capital, as the American bitcoin ATM network, Coinsource, has now expanded into the Washington DC metropolitan area. With this latest installment, the company now boasts of operating almost 200 machines across the US.

Crypto Capital

Coinsource, Texas-based bitcoin ATM network, has announced its first entry into the American capital. The company will install twenty machines across the District of Columbia and Maryland, saying it received significant demand from local users and merchants. The machines will be spread in convenient locations across the area, including a dozen in Washington DC, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.

Before this development, the city already had about five machines being serviced by five different operators. Additionally, several local restaurants, bookshops, and record shops have been accepting bitcoin as payment since last year.

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” said CEO of Coinsource Sheffield Clark. “All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”

Bitcoin Nation

The DC installation caps off a quarter of growth for the company after launching 10 machines in Rhode Island, New Hampshire, and Massachusetts in early February. Additionally, Coinsource introduced eight new machines in Denver, Colorado earlier this month. Coinsource currently has 182 machines across 18 American states, plus the District of Columbia.

CMO of Coinsource, Bobby Sharp, said, “We are expanding the Bitcoin ATM market further than it’s ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration. This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.”


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Avi Mizrahi
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How Tron (TRX) Will Become A Top 5 Coin

Tron (TRX) is holding tight at the number 14th position on coinmarketcap.com and is enjoying the positive tides in the market. The token, soon to be coin on its own blockchain, is currently trading at $0.042: a 6.5% gain in the last 24 hours.
Despite the FUD that is has plagued the Tron project since inception, the Tron Testnet was launched on March 31st through a live event that involved the Project’s lead, Justin Sun, and his technical team. In it, Justin and the team highlighted what will be an exciting roadmap moving forward and more reason to be bullish about TRX.

Firstly, once the Mainnet is launched on the 31st of May, Tron will continue with its vision of a totally decentralized internet. The Tron protocol will be gunning for platform heavy-weights such as Ethereum and Lisk, in a bid to attract Decentralized Applications develoepers. With already $100 Million users on the current 9 DApps on the Tron’s Ethereum based platform, the sky is the limit once migration to the new blockchain starts. The migration of the ERC20 Tokens will begin on the 21st of June, 2018.

Secondly, is the much anticipated Project Genesis. With this project, Tron literally means war with Ethereum and any other platform. Project Genesis is a reward pool valued at $2 Billion and aimed at rewarding its Tron community and developers. One thing that is known through observing human nature, is that we are motivated by the thought of being rewarded for our work. More so, if this reward is in the form of some currency. This means developers out there can really earn a quick buck by doing what they love.
Project Genesis also includes loans to entrepreneurs. Single loans of $100,000 in digital assets will be issued to ensure that developers are well funded to carry out the much needed Research and Development.

Thirdly, the Tron community is impressively large not to notice. The main Telegram chat group has an impressive 18,000 members and still growing. The Tron Foundation twitter page has over 284,000 followers. Its Reddit community is 63,000 strong. With such a following, the only way is up for Tron (TRX) moving forward. Also to note, is that Justin pretty much has the entire country of China watching the project. Speculation is high as to what such a backing can do for the project with Jack Ma being Justin’s mentor.
For the token, and later coin, to reach the number 5 spot on coinmarketcap, its marketcap should be greater or equal to that of Litecoin (LTC) at the moment of writing this. This value stands at $7.376 Billion. This means the price of TRX would have to be $0.112: a value TRX has tested twice on January 4th and 10th this year.

In conclusion, TRX is a project to watch out for moving forward. It is only a matter of time before it stuns the world with A Moon Landing.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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3 Altcoins Likely to Outperform Bitcoin for the Week of April 16

This week has been very exciting with altcoins and bitcoin building momentum for a shift in market sentiment and crypto value. December until early April saw one of the largest corrections in Bitcoin’s history and the upcoming few months should present the perfect opportunity for a rebound of the cryptocurrency space. This week is very important for cryptocurrencies such as: Ripple (XRP), Komodo (KMD), and HireMatch (HIRE).

For the first time in months, the news coming from the crypto space is very positive. FUD seems to have subsided to a significant degree and the rebound from recent lows seems to have already begun. Bitcoin dipped under $7,000 testing the $ 6,000-floor multiple times in the past few weeks.

However, this week BTC has remained strong with very important information coming out of the OTC markets (over the counter), ETFs (exchange-traded fund), and Billionaire’s family offices beginning to trade crypto. Catalysts of this magnitude will propel the entire markets (altcoins and bitcoin) much higher.

However, if the investor is savvy enough they can analyze upcoming market events and try to beat BTC’s returns. During a bull run almost every coin in the crypto space will increase in value, but beating the returns of Bitcoin should be the standard most try to beat. This week has coins like Ripple (XRP), Komodo (KMD), and HireMatch (HIRE).

Ripple (XRP)- BlockBid Listing and Western Union App
Ripple (XRP) is currently trading at $0.64 per coin with a market cap of $25 billion. With a market cap of this magnitude, XRP is regularly a top three cryptocurrency by the total market cap. A major reason for XRP’s multi-billion-dollar market cap is their partnerships with major companies in the finance sector.

Currently, XRP has solidified partnerships with The Bank of England, The Royal Bank of Scotland, MoneyGram, Banco Santander, BBVA, and more recently Western Union. XRP has the most adoption by big banks and finance companies allowing its large market cap to be justified to a degree. This week XRP has two major events that should continue to build momentum behind a crypto that has had a turbulent few months.

BlockBid Exchange is listing XRP and Western Union is releasing their new payment application in the Caribbean and Latin America. The technology behind the app involves Ripple and if the application is well received XRP should appreciate in value. The application’s planned release day is April 18, 2018. Two days prior to the Western Union application XRP has solidified itself as an addition on BlockBid.
BlockBid was an ICO that sold $1.2 million in total coins and was granted a cryptocurrency license in Australia. This allows BlockBid to be one of the few exchanges operating legally in Australia allowing XRP major exposure to an entirely new continent.

HireMatch (HIRE) – Presentation Week
HireMatch (HIRE) is an altcoin with a $3.5 million market cap and an individual coin value of $3.5. Unfortunately for HIRE, they had their ICO concluding right as the market was correcting which drove the value of the HIRE token South, like the majority of other altcoins in the space. With BTC having fallen more than 70 percent during this period of correction, altcoins like HIRE fell even further. With such a small market cap even the smallest publicity provides the opportunity for significant returns. HIRE has very exciting news this week as they have a presentation in front of recruitment giants such as Monster.com.

Tickets to the event where they are presenting cost in excess of $1200 so it is less likely attendance will be an option. With attendance costs being so high it ensures only the highest caliber of individuals from the recruitment field will attend. This event is not solely a blockchain based venue. The event is taking place in Vegas at 11:00 a.m. on April 19, 2018. The publicity surrounding the presentation coupled with any possible partnerships that evolve from it could lead HIRE to an increase in value.

Komodo (KMD) – Decentralized ICO

Komodo (KMD) is an altcoin that specializes in dICO (decentralized initial coin offerings). This is a process that should revolutionize the ICO platforms of the cryptocurrency space. April 17, 2018, begins the first ever dICO token sale, hosted on the Komodo Platform. The BLOC token will commence and officially be declared the first decentralized ICO of the cryptocurrency space. Komodo proudly is shifting the ICO landscape beginning with the BlocNATION token sale.

KMD is currently trading at $3.51 per coin which is over $1.00 higher than where KMD was trading April 7, 2018. The momentum behind KMD is continuing to build as the date of the first dICO is approaching coupled with their revolutionizing the ICO platform. KMD has a market cap of over $360 million which should continue to rise barring any setbacks to the dICO platform.

What makes KMD so unique is the Komodo platform. The Komodo blockchain platform uses KMD’s open-source cryptocurrency for doing transparent, anonymous private, and fungible transactions. A Delayed Proof of Work protocol then makes them ultra-secure by using Bitcoin’s blockchain. The SuperNET ecosystem also uses KMD as their official cryptocurrency. SuperNET is a decentralized organization that develops open-source and decentralized tools for crypto markets. These tools can include anything form decentralized exchanges to multi-coin wallets.

KMD has many projects they are working on including a decentralized exchange, BarterDex, which uses atomic swaps to get passed the pegging of assets to enable the exchanging of coins instantly. dICO (decentralized ICO) is a decentralized platform allowing for the token sale of ICOs using a model powered by atomic swap technologies. This allows for the total decentralized and anonymous issuance and distribution of cryptos using the dICO model. KMD clearly has very advanced privacy technologies they are implanting in the ICO realm and via exchange platforms.

KMD’s dICO platform goes live within the week with BlocNATION being the first dICO hosted by KMD. This week should be one of the most important in KMD history as perfect execution should lead to a continued price climb but any issue may lead to a collapse of market trust.

The Week Ahead
KMD, HIRE, and XRP seem to all have incredibly important events in the next week. With market caps ranging from $3.5 million to almost $30 billion, these altcoins represent coins with small market caps all the way to one of the largest market cap altcoins. Publicity drives demand as it provides exposure to an entirely new population of people that may have been unaware of the existence of a coin like KMD or HIRE.

Publicity coupled with adding utility is why KMD, HIRE, and XRP all should have impressive increased in value this week. With the market continuing to rebound it seems the altcoins with the biggest events on a weekly basis will continue to be highly sought after targets for short-term gains.


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Author: Jake the Crypto King
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