3 Coins to Follow Closely in February - Global Coin Report
Connect with us

Altcoins

3 Coins to Follow Closely in February

Published

on

coins

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.

For the latest cryptocurrency news, join our Telegram!

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

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

Published

on

WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

Continue Reading

Altcoins

Lotto Nation is Revolutionizing the Traditional Lottery Industry

Published

on

Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Press Release