Cryptocurrencies: 2019's Best-Performing Asset

By Moris Beracha.-

Cryptocurrencies have become the best performing asset in 2019. Sources have indicated that, according to recent research, the digital asset of cryptocurrencies has outperformed other assets by a wide margin. Although cryptocurrencies are still below the peaks experienced in 2017, they have returned great benefits from the so-called crypto winter, when everyone thought it was the end of it as a whole.

Cryptocurrencies are still trading at least 100 % above their 2018 price levels, even during a slight downward trend —Bitcoin prices are an example of this. 2019 didn’t start off as expected, but the massive rebound due to Bitcoin, which is the first of cryptocurrencies, did much to elevate the crypto space to its current position, where it has overtaken all traditional assets that include gold and oil along with paper assets.

Ethereum, which comes second only to Bitcoin in terms of market capitalization, has made gains of up to 35 % so far, and XRP, the only cryptocurrency that everyone thought would exceed expectations, is also 25 % negative at January prices.

While this presents a mixed bag for many, it also means that the crypto coins have passed the proof of concept test by being able to stay above in terms of perception and being able to capture the hearts and minds of millennials and the world.

This has also created a scenario in which the digital asset of decentralized accounting technologies appears to be the next big thing in the financial world. The central concept of decentralized finance driven by the cryptocurrency type could be the next level of evolution for global markets.

CryptoNews – Todo lo que usted quiere saber sobre las criptomonedas en un solo lugar

Bitcoin Price Increases and Forecasts Are Shattered

By Moris Beracha.-

Some cryptocurrency research analysts predicted that in 2019 these crypto assets would keep a downfall trend and in the best of cases would hold a steady price.

However, April 2 marked a major rise in bitcoin’s Price, which seems to represent new capital injection to the rest of the altcoin market.

Just 24 hours before the aforementioned day, bitcoin was traded towards the USD 4.150; then, in less than one hour, it reached USD 4,850 and dropped to USD 4,750, but at the moment of writing this article BTC is traded at USD 7,924.10.

As most cryptocurrencies, there is still a high correlation between the traditional assets market and bitcoin and this token is the most liquid cryptocurrency in the market. The crypto market is benefiting from this rise.

So far, there are unclear reasons for this sudden increase of bitcoin’s price. Some media have related this increase to fool jokes and fake news on the approval of a BTC EFT in the US market, but it seems that this rise is caused by market dynamics.

Bitcoin’s price has been on a steady rise for three months, but in comparison to this same date last year, those who could afford to buy at that time are still losing over 30%.

A report, authored by Adamant Capital founders Tuur Demeester and Michiel Lescrauwaet, argues several reasons for optimism on the future of bitcoin.

The report highlights that bitcoin is in a heavy accumulation phase with a volatility drop, after showing a major decline in December last year.

Likewise, Adamant states that bitcoin is very likely to head lower in a cycle that seemed auspicious.

“We think bitcoin has entered the accumulation phase of the bear market and has recovered from capitulation; bockchain data show holders are looking at long-term horizons again, according to our drawdown and volatility analyses,” suggested the report by Adamant Capital.

These results suggest that bitcoin is the strongest cryptocurrency and is here to stay for many years.

CryptoNews – Todo lo que usted quiere saber sobre las criptomonedas en un solo lugar

Why is it important to invest in Stablecoins?

By Moris Beracha.-

Article published in: http://www.medium.com

The high levels of volatility of the most popular cryptocurrencies in the world have led investors to look towards price stable “Stablecoins” or crypto assets.

These are digital assets designed to maintain a stable price, linked to a stable fiduciary currency, or that are related to products or other cryptocurrencies.

The advantages of backed cryptocurrencies are that currencies are stabilized by assets that fluctuate outside the technological realm, that is, the underlying asset is not correlated, reducing financial risk.

The main Stablecoins are:

Tether (USDT) is the best-known example of stablecoins. Originally launched as Realcoin, the project was founded in November 2014 and has two tokens: USDT and EURT, pegged to the dollar and the euro. Both cryptocurrencies are connected to the Bitfinex exchange house.

TrueUSD (TUSD) is another token pegged to the dollar that is part of the TrustToken platform.

Digix Gold (DGX) this crypto asset is backed by physical gold. The project started in 2014 in Singapore, directed by Digix company. They assure that each token is equal to 1 gram of gold approved by 99.99% gold smelting from the refineries of the London Bullion Market Association (LBMA).

Dai (DAI) was developed by the company MakerDAO. The coins began to circulate in December 2017 and are backed by each user’s Ether (ETH) digital assets, held in intelligent contracts, seeking price-parity with $ 1.

BitUSD (BITUSD) was created by Dan Larimer in 2013 and is backed by the BitShares cryptocurrency platform, which also serves as a guarantee for BitCNY and BitGold and other tokens, all called BitAssets.

Basis, (former Basecoin), is a recently launched token that sets its price at $ 1, although the idea is that it can be pegged to a basket of assets, such as the consumer price index (CPI), as the holders use the currency to buy goods and services. Its approach is based on contracting and expanding the cryptocurrency supply, depending on the market movement.

Although most are used in crypto asset exchange houses, many analysts believe that it is a good step to invest in these types of currencies, in order to avoid the ups and downs of traditional cryptocurrencies and of course to avoid to a great extent the tragic consequences that could lead to bankruptcy.

https://crypto-news.blog/

Users can earn cryptocurrencies through their Smartphone

By Moris Beracha.-

Article published in: http://www.medium.com

Many people who are not familiar with the technology and the world of cryptocurrencies can believe it is very expensive to acquire a token; however, mechanisms such as mobile mining can help you obtain benefits through smartphones.

Users of computers with Android operating systems can download mining applications from their store called Google Play, which simply work with leaving the mobile device on and connected to a Wi-Fi network.

Some of these apps, which are usually free, can fulfill their function perfectly, being able to mine cryptocurrencies from a cell phone, but it is very important to verify very well who is the programmer of the app that will be installed, since many scammers are infecting with malwares, some of these programs and the economic benefits can shift to another side.

For iPhone and iPad users, unfortunately there is bad news, because there are virtually no applications that help exploit cryptocurrencies since May 2018.

Failing that, there are some “mining games” available in the Apple App Store, but they are paid and are not at the same level as Android apps.

Some of the most used cryptocurrency mining apps to mine cryptocurrencies from mobile devices with Android are:

-DroidMiner BTC / LTC / DOGE Miner can exploit all cryptocurrencies that use SHA-256 or Scrypt. The download cost is only $ 0.99 and has more than 10,000 installations. However, the reviews are not so good. The average rating is around 3.0 stars. According to the reviews, miners can only expect to reach around 1 megahash with a high-end device (ie, a tablet).

–Electroneum is the first project conceived to launch its own mobile mining application and an option with an average rating of around 3.8 stars. This app can be downloaded for free and has more than 500,000 installations. The mobile app does not really confirm new blocks in the blockchain; instead, users practically do it through the application.

Finally, it is important to mention that if you install any of these apps it is under your own responsibility and it is best to investigate the different options available, taking into account tutorials, reviews and the results that have been obtained with the applications.

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