Aelf makes up for one of the rare currencies currently circulating the market that managed to provide almost majestic performance regarding the ELF marketing campaign ELF conducted. While implementing candy reward system and working on releasing its Main Net, Aelf seems to be trending up compared to other currencies in the last week. That is why it is no wonder that we see this token going up and trading in the green when the majority of currencies are going down with the market wave. With the latest news about getting listed on yet another exchange market, Aelf is coming off stronger with great plans for the future. Let’s see what Aelf has been doing these days as well as what this token has been up to for the future plans.
Aelf Gets Listed on Bithumb
You surely know that Bithumb is one of the biggest, most popular market exchanges for cryptocurrencies in South Korea. Being the second-biggest exchange in South Korea, getting listed on Bithumb can surely increase the visibility of a listed coin, so getting on this exchange will most certainly push a coin’s value up. That is how Aelf tokens are also rising up while experiencing positive changes in the price.
With getting listed on Bithumb, which is at the same time the seventh-biggest exchange market in the world of cryptocurrencies, Aelf has respectfully increased its visibility among South Korean investors, which is the main reason why Aelf is trading in the green with constant gains for quite some time now.
Zhuling Chen, the co-founder of ELF stated during this occasion that Aelf is one of the first coins originally coming from Singapore to be listed on one of the greatest exchanges in Korea and one of the biggest markets in the world when observed from the point of market capitalization and trading volumes.
Chen added further on this matter that Aelf’s main objective has aligned with the objective behind Bithumb as a South Korean exchange, where both of these foundations have planned on making the presence and adoption of blockchain technology and digital assets more stably established in oppose to the real-life usage of digital assets.
Aelf still has, as its main goal, a plan to become the biggest cloud computing decentralized platform that would in many ways contribute to the expansion of blockchain technology and digital assets, where cryptocurrencies could find an applicable usage in real-life operations as well. For now, ELF seems to be doing more than just well.
With having increased visibility and accessibility, Aelf is now more available and more interesting to investors around the globe and in South Korea, which is one of the countries that is probably the most involved in the expansion and development of blockchain technology and digital assets.
That means that Aelf is now experiencing increased trading volumes as well as increased market demand, which altogether affects its price by pushing ELF’s value up against the dollar.
Aelf in South Korea
With getting listed on Bithumb, Aelf and the team behind this token has managed to establish a more favorable and stronger reputation for ELF, especially given the fact that Bithumb and ELF share the idea of having digital assets find mass adoption around the globe. However, Bithumb is starting from South Korea, given the fact that this exchange market is located there, and Aelf seems to be joining Bithumb in this goal.
Bithumb has been acquiring some very interesting partnerships in Korea, of which can be said to have the ability to aid in the cause that Bithumb and Aelf are now sharing.
It is rumored that ELF is acquiring a couple of important South Korean partnerships as well, which should make it even stronger thanks to ELF’s smart strategic moves.
After getting listed on Bithumb, Aelf seems to have unlocked more than just several new opportunities as it got listed on another Korean exchange, called GOPAX, along with partnering up with Hashed, which is the biggest fund for digital assets in South Korea. It seems that Aelf is slowly but steadily going up while establishing its authority in South Korea, which is needless to say, a fantastic strategic move.
How is Aelf doing at the Current Moment?
Aelf seems to be doing more than well for quite some time now. ELF started off smartly with a candy system that served the purpose of rewarding ELF users during the campaign that lasted for a couple of weeks. On this occasion, users could get an opportunity to earn ELF tokens through rewards, while ELF got an opportunity to get its value pushed up in the market, which was the exact case.
With the latest listing, ELF is showing more improvements when it comes to the price as it is still trading in the green. After the latest change in the market, ELF has gone up for 3.62% against the dollar, while this currency is also trading in the green against BTC and ETH, also going up for over 3%.
Aelf marked its all-time high in January when it was traded at the price of 2.55$ and going towards 3$. At the current moment, ELF can be purchased at the price of 1.02$, which is pretty close to its record price.
In case Aelf continues to thrive at this pace of growth, this digital asset could potentially get back to its all-time high in the course of several weeks.
We will be updating our subscribers as soon as we know more. For the latest on ELF, sign up for our free newsletter!
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 dconvertini via Flickr
TRON Partnership Involves Cloud Computing
It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.
— Justin Sun (@justinsuntron) October 12, 2018
Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.
Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.
However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.
Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?
Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.
It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.
The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.
China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.
Furthermore, the country has adopted several…
Ravencoin (RVN) Surges Following Binance Listing
While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.
Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.
Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.
Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.
Ravencoin got listed on Binance prior to MainNet launch
Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.
Getting listed on Binance has brought Ravencoin to the top…
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