The crypto market has been harsh in 2018, and many who once believed that the last few months of the year will repeat what happened in 2017 are slowly but surely giving up hope. While this year has been bearish for the most part and has experienced two major market crashes (with the second one still being on-going), experts still believe that this is not the end of cryptos.
Cryptos have had more than their fair share of rough times in the last decade, and they pulled through. There is no reason why this shouldn’t be the case this time as well. In the meanwhile, investors need to be patient and to turn to HODLing. The history of crypto shows that difficult periods like this usually end only for digital currencies to become more valuable than they ever were before.
If this trend continues, then 2020 may be the year when everything will change, and cryptos like Bitcoin may reach entirely new heights. In the meanwhile, try investing in promising altcoins, projects that are likely to remain in the future. We can recommend three of them right now.
3) Po.et (POE)
POE is the project that is very likely to succeed, especially these days when proving content ownership is so difficult. The internet allows us to share what we create, and show it to others. Unfortunately, it doesn’t stop others from copying it and presenting it as their own creation. Po.et aims to change this by using an open, universal ledger that will store information and time-stamped records of your creative content.
That way, authors, artists, and content creators will have their work protected and recognized. One great thing about this platform is that it can cover any form of creative content, including text. Furthermore, with various plugins that are already a part of almost every CMS, articles and blog posts can be easily added to the ledger. They get stamped with the time of the addition, as well as author’s name under publication, and they will officially belong to you forever.
Finally, Po.et will also allow content creators the ability to make a profit off of their work by charging a small amount to others that are interested in accessing it. This is a project that will protect the creativity and hard work of many who are trying to get by while working online or creating art just for the sake of art itself. There will no longer be fear of having their content stolen by others, which is why this project will likely remain for a long time.
Ark is a project that can help blockchain technology take the next step by connecting different blockchains into a single, huge, decentralized network. No longer will token holders have to send their coins to exchanges just in order to trade them and ship them to another blockchain. Instead, they will be able to go from one blockchain to another directly.
This is the project’s vision, and there is still work to be done, since even individual blockchains themselves are still new and, mostly, underdeveloped. However, they will advance in time, and the project might actually thrive in 2020. In addition to connecting blockchains, Ark has a few more things going for it.
It has fast transaction speeds that take around 8 seconds. While this is 5 seconds below the record, it is still quite impressive, and much faster than Bitcoin. Next, Ark will become a huge ecosystem if the project ends up being a success, which will immortalize the coin. It is also decentralized, and it has an equal voting weight for all votes and voters. Finally, it has an experienced team of developers that know what they are doing, which inspires trust and wish for this project to succeed.
Steem is by far the largest and the most popular of the three projects. It runs on the Steem blockchain, and its goal is to provide content creators with a platform that will allow them to earn based on the users’ upvotes.
Simply put, Steemit (Steem’s platform), is a social media platform dedicated to blogging and based on blockchain technology. Many even believe it to be a successor to Facebook. The platform allows content creators to post their own content, as well as to leave comments on the content posted by others. Posts and comments that are deemed worth it by the community will get appropriate rewards, based on upvoting.
There are even various contests such as writing, singing, guessing, art, and more. Almost any kind of work and effort will be recognized and rewarded, which is one way of making a profit relatively quickly. Another positive thing is that money will start arriving faster than it would on a WordPress-based blog, although this doesn’t mean that you can get rich on it. It all depends on your skill and talent, and the amount you earn can vary greatly from one content creator to another.
Another perk is that you don’t need a hosting company, or any money to start, except for the time spent on creating content. Think of it as the social media for blogging that rewards quality content with STEEM coins. If there are any disadvantages, those would be the fact that you do not own the domain, and that you will earn crypto, which is still very volatile, especially these days. However, considering how popular social media platforms have grown to become in the last 13 years, there is a high chance that Steemit will be among the first platforms of the next generation, which will continue the trend, and even allow you to make some money while using it.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
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