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Aeron (ARN) Takes Flight: Up Over 50% on the Day

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Aeron
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Aeron (ARN) caught air on some good news this weekend, soaring over 50% in a 24 hour period. Achieving a price of nearly US $.64 at its peak, this little-known altcoin led the fleet of cryptocurrencies available on Binance, showing the highest positive 24-hour percentage change on October 6th.

Ranking in at number 404 on coinmarketcap.com, you can forgive yourself for not knowing much (or anything) about this platform for improving flight safety. If you happen to be one of their lucky hodlers, however, you are likely flying high on the news of your investment finally getting off the ground.

With a circulating supply of 13 million coins, and a total market cap of US $7.7 Million, Aeron (ARN) shows a total trading volume of nearly US$17 Million in the past 24 hour period.

But what is Aeron (ARN)?

Quite simply, Aeron (ARN) is blockchain for aviation safety. While flying is generally considered among the safest ways to travel, there are still over 3,000 accidents in the industry each year, putting countless numbers of lives at risk.

Over 2 Million people fly each day on over 100,000 flights globally. Whether for business or pleasure, flying has become an indispensable mode of travel for the world’s population. The need for increased safety is paramount to the industry. And Aeron believes it has a solution to the largest factor creating in-flight accidents.

Flight records have historically been manipulated for various reasons. Forged logs can give a pilot an illusion of experience, or save maintenance costs on planes and equipment in need of service. This manipulation creates a bigger problem than you may think, and until now, there has been no easy remedy to this long-standing problem.

With Aeron (ARN) and blockchain technology, distortion or forgery of log data along with data loss, are eliminated. Pilots, maintenance organizations and fixed base operators can log their verifiable information onto blockchain. Transparent information is easily communicated to authorities and safety is improved.

So what caused the dramatic rise in price?

An important roadmap milestone was reached over the past day(s) involving Aeron’s (ARN) Aviation Authority portal development. After intensive discussions with aviation authorities in the European Union, electronic logbooks were established as a recognized tool for the industry. While paper logs are still deemed necessary, EASA/FAA compliant blockchain log entries as published by the Aeron (ARN) team were well received and found complete.

As a result of these discussions, the Aviation Authority portal (a company effort to balance privacy with permission access to flight records) is now under development. This important milestone marks another achievement of the Aeron (ARN) team, in line with the company’s ambitious roadmap.

The Sky is the limit.

Aeron (ARN) can be found on a number of exchanges, including Binance, Gate.io, KuCoin, and others. The ARN token is supported by an equal number of multi-asset wallets. You can join their communities on Twitter, Reddit, Telegraph, Facebook and more.

With confidence renewed, Aeron (ARN) has found the lift necessary to get their little plane off the ground. And with fair skies projected for the remainder of the flight, investors are free to unfasten their belts and roam around the cabin. While investors should take note of their exits and mind the instructions offered preflight by the steward/stewardess, the view from the little windows on this airborne altcoin must be spectacular from these heights… and the sky, as they say, is the limit.

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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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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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Altcoins

STEEMIT Running Out Of STEAM?

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Steemit
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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees…

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