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3 Coins to Follow Closely in February - Global Coin Report
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3 Coins to Follow Closely in February

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January has almost ended, and the rally everyone was waiting for in the new year has yet to arrive. However, most coins have been relatively stable in the last month, even though they are currently experiencing a slight drop once again.

While the bear market still has an influence, there are several coins that are expected to make several significant moves in the near future. As such, they should be closely followed, as there is no telling when the bear grip will loosen. When it happens, it is more than possible that these coins will start seeing significant gains.

Three coins are especially worth investors’ attention, and those are TRON (TRX), Binance Coin (BNB), and Cardano (ADA).

TRON (TRX)

TRON is a coin that has kept making headlines throughout 2018, and its success, even within the bear market, is quite impressive. TRX even managed to climb one place higher on the list of largest cryptocurrencies by market cap, and it currently sits at the 8th spot, with a current market cap of $1,87 billion and a price of $0.027998.

While one of the reasons for this ascension is the fact that TRX is not affected by the new price drop as strongly as other coins, there are other reasons for it too. One of them is the recent announcement of a new token, BTT, which will be closely tied to BitTorrent while operating on TRON’s own blockchain.

In fact, a significant portion of BTT will be offered in a public token sale today, January 28th. Later on, in February, there will also be a BTT airdrop, targeting those users who hold some amount of TRX at the time. In other words, TRON has entered this year with plans to be just as active, innovative, and successful as it was in the previous one, which makes it worthy of keeping an eye on in February 2019.

Binance Coin (BNB)

Next, there is Binance Coin, which is currently ranked as 12th largest coin by market cap. Its price is currently at $6.79, while its market cap is below $1 billion, sitting at $877 million at the time of writing. BNB is a coin developed by the crypto exchange Binance, which has caused the coin to immediately receive not only attention but a certain dose of trust as well.

BNB serves as Binance’s native coin, and using it comes with a significant discount, which is why it is one of the most used coins on this platform. In addition, Binance Coin has recently experienced quite a boost to its market cap and price, due to the launch of Binance Jersey.

This is a new crypto exchange dedicated to serving customers from the US and Europe, and it received additional attention because it added trading pairs for crypto against EUR and GBP. Not only that, but BNB also received a lot of support from other platforms recently, which allows the coin to receive new use cases and even more usage around the world. While BNB is currently losing value due to another price drop that has affected the entire market, things are likely to improve in February.

Cardano (ADA)

Finally, there is Cardano. Similarly to TRON, Cardano is becoming quite a popular project, and it is among the best blockchains for smart contracts out there. Cardano’s creator, who is also the CEO of IOHK, Charles Hoskinson, believes that investors will not see a rally such as the one in 2017 anytime soon. That was a period of hype which has passed, and the following correction is the bear market of 2018.

While this may be true, it does not prevent cryptocurrencies from continuing their development and growing further, which is exactly what Cardano is doing. ADA is a coin which is known for its tendency to take its time, and its technology is advancing slowly but surely. Only a month ago, Hoskinson announced Cardano’s version 1.4, as well as updates for project Shelley, which aims to bring larger levels of decentralization of the coin.

All of this is scheduled to happen in Q1 of this year, meaning that Cardano is a coin that will see a significant amount of activity in February and the following months.

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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.

Image courtesy of Pexels

Charts courtesy of TradingView

Altcoins

Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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