2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs by the US SEC. The SEC has received numerous requests like this over the years, and they always denied it for various reasons. However, experts believe that things are going to change in 2019, and if so, this would be a big game-changer for Bitcoin itself, as well as the entire crypto world. Other projects that may prove to be extremely beneficial for BTC include the Bakkt futures exchange, scheduled to launch on January 24th, the potential launch of Bitcoin’s Lightning Network that is supposed to resolve scalability issues, and alike.
USD Coin (USDC)
Due to high volatility regarding the prices of most coins, it is of no surprise that 2018 brought a lot of popularity to stablecoins. Until recently, most people were not particularly excited about stablecoins, believing them to be nothing more than a digital form of fiat money. However, they gained attention when the market crashed, and the prices of most coins went down. In this situation, having a coin that doesn’t lose value can mean a lot to an investor, and so they decided to go to the largest stablecoin around, Tether (USDT).
However, Tether refused to provide insight into its bank accounts and confirm that it has enough money to back all of its coins. This has made many people suspicious about it, and they decided to abandon the coin, instead of having a worthless token. The downfall of Tether allowed many other stablecoins to emerge, with the most popular among them being USDC. Now, USDC is not making the same mistake as Tether, and while it is still far behind it, USDC is rapidly approaching USDT. It is possible that in 2019, it will finally take Tether’s place, and the top 10 list of coins will get a valid stablecoin.
Finally, there is TRON, which has just recently climbed the list of the largest coins by market cap, and it currently sits at 9th position. TRON has been extremely successful in 2018, especially when it comes to launching projects, entering partnerships, and getting listed on various exchanges. The coin’s creator, Justin Sun, is sharing new progress with the coin’s community on a daily basis, and it is always some sort of good news.
TRX even managed to break Ethereum’s record in the highest number of transactions per day due to the popularity of its dApps. All in all, TRON is slowly setting up the stage for its future dominance, with the main goals being to decentralize the web and revolutionize entertainment industry. While some are quick to say that TRON is nothing but hype, it is undeniable that the coin is making progress, and that it has become one of the crypto community’s favorite.
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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.
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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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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