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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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