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Aelf (ELF) is Coming Off Stronger with Bithumb Listing

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Aelf
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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

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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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