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7 Promising Altcoins You Should Consider in 2018

Before you consider getting into the cryptocurrency market, you should familiarize yourself with the method of evaluating an asset’s intrinsic value. Fundamental analysis is a necessary precursor to investing for any intelligent and responsible individual. Before buying an alt-coin with a comparatively small market cap but significant perceived and potential value, you must do your …

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Before you consider getting into the cryptocurrency market, you should familiarize yourself with the method of evaluating an asset’s intrinsic value. Fundamental analysis is a necessary precursor to investing for any intelligent and responsible individual. Before buying an alt-coin with a comparatively small market cap but significant perceived and potential value, you must do your homework.

First, ask yourself, what problem is the altcoin solving? Where it’s positioned in the market, and are there any better alternatives to it? Second, research the team behind it. Is the development team any good? Is their corporate structure transparent? Are they credible and competent for the job? When and where are they registered? And at last, ask yourself, how much of your net worth are you willing to risk?

While the answers to all of these questions fall solely on your shoulders, we’re here to help and narrow your choices. There are more than 1300 altcoins on the market, and these are our top sven altcoins for 2018.

Monero (XMR) – $12 to $250 in 1 year

Monero is a secure, private, decentralized and untraceable cryptocurrency that started as a grassroots project in 2014. It’s an open-source project developed by a very respectable team of 7 core developers, more than 30 regular developers and above 240 contributing coders, continually pushing the frontier of what’s possible with security and privacy. With a market cap of 3.8 billion dollars, it’s the largest and most promising privacy altcoin at the moment, taking the 13th place on coinmarketcap.com. Without a doubt, 2018 will be a big year for Monero with massive upgrades accelerating adoption rates. Kovri, bulletproofs, and multisig support will give Monero dominance over the privacy coins in the years to come.

Cardano (Ada) – $0.02 to $0.4 in less than 5 months

With a meteoric rise of more than 3,200% since it came out in October, Cardano is currently the 5th largest altcoin on the market, and it’s for a good reason. The Cardano development team prides itself on being the first open source blockchain network built by leading academics and computer engineers through peer-reviewed research. The platform, unlike current cryptocurrencies, is built for the future — mainstream adoption with billions of transactions. The Cardano project aims to create a technological platform that will run financial applications used by individuals, organizations, and governments, as well as running smart contracts and decentralized applications. Basically, Cardano is a next-gen Ethereum on steroids.

Litecoin (LTC) – $3.7 to $160 in 1 year

Litecoin is marketing itself as the cryptocurrency for payments. Since it forked from Bitcoin in late 2011, the Litecoin development team, improved upon the Bitcoin concept, solving the scaling issue and enabling instant, zero-fee transactions; creating an alternative altcoin envisioned to be used as a medium of commerce, or as means of exchange rather than a store of value. Although Litecoin is currently the 6th biggest altcoin in the industry with a market cap of 8.7 billion dollars, it’s far from reaching its full potential. Charlie Lee, one of the most influential faces in the industry, announced that the Litecoin team is working on a merchant processor, popular online wallet and a goods trading platform which is expected to expedite Litecoin’s growth in 2018. Over the past year, the altcoin outperformed (price-wise) both Bitcoin and Ethereum with a growth of more than 2000%.

Steem (STEEM) – $0.14 to $4.15 in 1 year

STEEM is an SMT (Smart Media Token) that’s being used as a fast and zero-fee altcoin on blockchain based media platforms like Steemit.com. In essence, Steemit is a blogging site (a forum) just like Medium or Reddit with two crucial distinctions — it’s decentralized, and the content creators are getting paid for their content with the platform’s native digital currency STEEM. This novel proof-of-brain concept positions STEEM as a one of a kind tool for building growing internet communities that use cryptocurrency as an incentive for members to create valuable content. The popularity of Steem is growing at an exponential rate, exceeding both Bitcoin and Ethereum in a number of transactions processed.

Sia Coin (SC) – $0.00037 to $0.023 in 1 year

In an industry niche dominated by giant techno-moguls like Google, Microsoft, and Amazon, the Sia project is a noble endeavor to decentralize cloud storage and offer faster, cheaper, more reliable and secure, censorship and surveillance-free cloud storage platform secured by smart contracts. Tapping into an ever-growing market, Sia is solving the file storage problem by connecting users who need file storage with hosts worldwide offering underutilized hard drive capacity. Buyers of storage space and hosts offering it are settling their transactions with Siacoin, the native cryptocurrency on the Sia blockchain. The value of Siacoin is experiencing exponential growth since the announcement of the project.

Substratum (SUB) – $0.05 to 0.71 since it came out in September 2017

Substratum is a project that’s essentially trying to build a decentralized, limitless Internet. The system is designed to allow individual users to access the decentralized web hosted by other users on the network in exchange for SUB, the platform’s native cryptocurrency. With a relatively small market cap floating at just $160 million at the moment, and total altcoin supply capped at 352,000,000 SUB (one of the smallest on the market), this altcoin has a massive long-term hold value. Living in an age where the most progressive governments are attacking net neutrality and the less progressive ones are outright censoring it, Substratum seems like a project with an increasing utility value as we slowly move towards Orwellian dystopia.

Golem (GNT) – $0.02 to $0.37 in 1 year

Another coin with massive utility value. Golem is a global, open-source, decentralized supercomputer that anyone can access, made up of the combined power individual PCs around the world. People can lease their hardware/computing power in return for Golem Network Tokens (GNT). The Golem supercomputer allows for individuals or groups with limited computing resources to tap into the network and use it for anything ranging from CGI real-time rendering, artificial intelligence and machine learning to complex physical modeling and many other resource heavy computing functions. With a market cap of 300 million dollars and massive utility value, Golem is one of the most promising altcoin investments in 2018.

About The Author

Catalin is the founder of Ecommerce Platforms and Unblock. He’s a design enthusiast and loves matcha, and is uber passionate about bitcoin and blockchain technology. He is the author of the Beginners Guide To Bitcoin.

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Blockchain

GBA Healthcare Working Group Releases White Paper as First Asset inBlockchain Ethical Design Framework for Healthcare

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WASHINGTON, DC –March 2021

Beginning early 2020, theGovernment Blockchain Association (GBA) Healthcare Working Group (HWG)began undertaking the development of an ethical design framework for blockchain solutions in the healthcare industry as a service to the public. The GBA HWG is releasing the first asset in the Blockchain Ethical Design (BED) Framework for Healthcare in the form of a White Paper.

We are excited to offer this guidance to healthcare policymakers, decision-makers and innovators in implementing blockchain featured technology in the healthcare space. The BED Framework for Healthcareis being developed collaboratively by members in the HWG including caregivers, entrepreneurs, healthcare technologists and legal professionals from around the world. We cover a comprehensive spectrum of use cases, regulatory and legal scenarios, and procedural insights based on real world experience in healthcare technology innovation. This White Paper is only the first asset in a suite of guiding tools the GBA HWG will be releasing through 2021, and we are looking forward to the feedback of our audience.” –Marquis Allen, GBA Healthcare Working Group Chair

The purpose of this publication is to:

  • Identify potential ethical issues of blockchain used in health service delivery
  • Discuss potential ethical issues for stakeholders across the healthcare ecosystem including regulatory and compliance segments
  • Propose a conceptual framework of blockchain ethics as it applies specifically to its design, implementation and use in healthcare.
  • Create an outlinefrom which the Blockchain Ethical Design (BED) Framework for Healthcare and its assets, tools, documents and content will be developed by the GBA HWG.
  • Raise awareness and stimulate further debate on the ethics of blockchain in the healthcare IT,health system governance and regulatory communities.

The GBA invites you to contact them for more information.

Learn more about the GBA: gbaglobal.org

For more information about the GBA Healthcare Working Group: gbaglobal.org/HWG

To download the whitepaper: gbaglobal.org/download

Contact: Kathy Dache @ Kathy.Dache@gbaglobal.org

________________________________________________________________________

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Blockchain

Big Data Protocol Staking Surges Over $6 Billion in Latest DeFi Frenzy

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Boasting three and four-digit annual percentage yields, Big Data Protocol (BDP) has become the latest DeFi frenzy as total liquidity on the protocol has skyrocketed to $6.1 billion just two days after liquidity mining incentives were launched.

The protocol announced its fair launch on March 6 where 100% of the initial circulating supply, which is 30% of the total of its BDP token, will be distributed to the community over six days. It is backed by a team of technologists, crypto investors, and data scientists and designed to incentivize liquidity mining over the long term.

There are liquidity pools for twelve different DeFi assets and they have attracted a lot of collateral in just two days.

Big Returns for DeFi Stakers

Over a million ETH has been deposited in the wrapped Ethereum pool according to the BDP data vault, earning an APY of 40%. Almost 17,000 BTC is currently in the wBTC pool earning 82% APY while the Tether vault has gained 728 million USDT earning 96%.

The top earning pools are boasting four digit returns with OCEAN at 1,375% and TOMOE at 1,315% at the time of writing.

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A blog post explaining the tokenomics elaborated:

“Users provide liquidity to earn bALPHA over the course of 3 months. Subsequent data tokens, named bBETA and bGAMMA, will launch after bALPHA, which will further incentivize liquidity.”

A portion of BDP and data tokens are burnt as the usage of the Protocol and marketplace grows over time, it added.

The total supply of 80 million tokens will be divided as follows: 30% distributed in the initial six day yield farming incentive, 35% allocated to future staking rewards, 25% held as an ecosystem reserve, and 10% to the team and advisors.

The bALPHA data token will have a total supply of just 18,000 tokens which will all be allocated to liquidity mining rewards. Two more data token sets, bBETA and bGAMMA, will be announced in due course the blog post added.

BDP Price Update

At the time of writing, BDP was trading at $5.85, falling 19% on the day after hitting a peak of just over $14 on Sunday, March 7.

The bALPHA price is a little over $10,000 per token after skyrocketing to over $40,000 at the weekend according to Coingecko.

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Source: https://cryptopotato.com/big-data-protocol-staking-surges-over-6-billion-in-latest-defi-frenzy/

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TA: Bitcoin Turns Attractive Above $50K, Why BTC Extend Its Rally

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Bitcoin price gained bullish momentum above the $50,000 resistance against the US Dollar. BTC traded towards $52,000 and it remains supported for more upsides.

  • Bitcoin started a fresh increase above the $50,000 and $50,500 resistance levels.
  • The price is now trading well above $50,000 and the 100 hourly simple moving average.
  • There is a key rising channel forming with support at $50,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could correct a few points, but the bulls are likely to protect $50,000 and $49,500.

Bitcoin Price Starts Fresh Increase

After a strong close above the $48,000 level, bitcoin started a fresh increase. BTC was able to clear the key $50,000 and $50,500 resistance levels to move into a positive zone.

There was also a break above a major bearish trend line with resistance near $48,400 on the hourly chart of the BTC/USD pair. The pair extended its rise above the $51,000 level and traded to a new weekly high at $51,853.

It is now correcting lower, but it is trading well above $50,000 and the 100 hourly simple moving average. An initial support is near the $50,750 level. It is close to the 23.6% Fib retracement level of the upward wave from the $47,141 swing low to $51,853 high.

Bitcoin Price

Source: BTCUSD on TradingView.com

There is also a key rising channel forming with support at $50,500 on the same chart. The next major support is near the $50,000 level. Any more losses may possibly lead the price towards the 50% Fib retracement level of the upward wave from the $47,141 swing low to $51,853 high near $49,500. The main support is now forming near the $48,800 level and the 100 hourly simple moving average.

More Upsides in BTC?

If bitcoin stays above $50,500 and $49,500, it could start a fresh increase. An initial resistance on the upside is near the $51,500 level. The first major resistance is near the $52,000 level.

A successful close above the $52,000 resistance level could open the doors for a larger increase in the coming sessions. The next major resistance could be $53,200, followed by $54,500.

Technical indicators:

Hourly MACD – The MACD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level.

Major Support Levels – $50,500, followed by $50,000.

Major Resistance Levels – $51,500, $52,000 and $53,200.

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Source: https://www.newsbtc.com/analysis/btc/bitcoin-turns-attractive-above-50k/

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