The crypto world might be maturing, but that doesn’t mean the wild gains are over. A cryptocurrency investment firm has realized fifty-fold returns from the Cosmos (ATOM) blockchain – one of their most successful investments to date.
London-based KR1 has sold just over 70,000 ATOM tokens for an average price of $5.14, raising more than $360,605 in total. Considering the initial investment was around $7,000, that means KR1 saw a cool gain of 5,150%.
Fundamental Analysis
Fundamental Analysis
Cardano has a bullish short-term trading bias, with the cryptocurrency staging a strong recovery from its 200-period moving average on the four-hour time frame.
ODEM (short for On-Demand Education Marketplace) is a blockchain-based educational marketplace that can be used in academic and enterprise applications. Both educators and students store credentials in Ethereum smart contracts, which also validate courses taken. ODE is the proprietary ERC-20 cryptocurrency token used to pay for tokenized transactions.
It’s a chilly Monday morning on the streets of Nairobi. The city is a beehive of activity as everyone hurriedly makes their way to work and school. While in New York, London or many other major cities everyone would be getting a cab, it’s a little different here. The most dominant form of transport over short distances is motorcycles, popularly known as ‘boda boda.’
One of the biggest goals for cryptocurrency is to bank the unbanked. By some estimates, one-third of the world’s population has no access to the financial system. For them, legacy banking has been an abject failure.
Most of that one-third are in the developing countries. But the legacy banking system is also creating a new class of unbanked: crypto and blockchain companies.
If 2017 was the year of the ICO bubble, then 2018 was the year of wrong predictions. Not only did Bitcoin ETFs face continuous delays, but institutional adoption remained distant, and mass adoption even more so. As for the predictions of President McAfee, well, the less said, the better.
Every time you think the craziest moments in crypto are behind you, another ghost of 2017 returns to haunt the cryptocurrency markets. We’ve already seen the improbable resurrections of BitConnect and Mark Karpeles. Now, one of the ghosts of the 2016 presidential campaign has been resurrected to help launch a cryptocurrency.
The next Bitcoin halving is less than a year away, and Litecoin’s block rewards are expected to fall within two months. These events are likely to restrict the supply of both cryptocurrencies, leading some speculators to count on the reduced supply for another bull run. In fact, given the recent run-up in price to a 12-month high of $128 at the time of writing, Litecoin halving fever already seems to have struck the market.
But, as we’ll see, those returns may not be as inevitable as some traders think.
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