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Altcoins soaring: Cardano, Tron, and Stellar (XLM) surge up to 18%

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The crypto market has been green today, and in past seven days, the price of Bitcoin and the altcoins has increased rather nicely. Altcoins are leading the market by significant percentages. Out of the top 10 altcoins in the market today, XRP, Tron (XLM), Stellar Lumens (XLM), and Cardano (ADA) lead the growth chart.

After Ripple, at the time of press, Stellar Lumens (XLM) leads, followed by Cardano (ADA), and then Tron (TRX) – the rest of the altcoins follow. On the other hand, the total market capitalization of cryptocurrencies has increased considerably to $223 Billionfollowing the recent bullish trend of the market. Let’s take an in-depth look at Cardano (ADA), Stellar Lumens (XLM), and Tron (TRX).

Cardano (ADA)

The price of Cardano (ADA) has increased by 13.31% in the last 24 hours, following the bear runs that occurred during the previous seven days. It is important to know that ADA is trading at $0.08459 at the time of writing with a market cap of $2,193,166,519.

There have been lots of developments with Cardano (ADA) in the past two months. The cryptocurrency launched ‘Project Prometheus,’ a project that will make sure the properties of the platform get migrated to digital devices and wallets.

Additionally, the founder of Cardano (ADA) – also the CEO of IOHK have earlier addressed investors about another project known as ‘Project Plutus,’ a project that makes use of complex programming language to improve Cardano.

Lots of ADA trades have occurred on UpBit exchange – taking more than 34% volume there. Cardano surge comes at the time when it got featured on Okcoin together with Ripple and Stellar.

Tron (TRX)

Another cryptocurrency making some bullish runs in the crypto market is Tron. TRX has increased by a significant percentage – before the current bull run, its price was low.

On top of market trend, much of Tron’s price surge has been relatively due to the unveiling of TronWeb – a front-end Javascript API. It is important to know that TronWeb will help to connect people using the Tron protocol.

The announcement was made on the official Twitter page of Tron Foundation:

Today we are releasing TRONWEB, a front-end javascript API that connects your project to the #TRON blockchain, equivalent to Etheurem Web3.js.”

Subsequently, Tron Foundation seems to be not slowing down on this, and it has stated that there are more upcoming projects to aid Tron’s network very soon.

At the time writing, TRX is trading at $0.02236, thus, increasing by 8.53% if we talk about valuation in the last 24 hours. The total market capitalization of cryptocurrency stands at $1,470,361,529. Tron has recently been listed on BitBay, Binance, KuCoin, and Bittrex.

Stellar (XLM)

Stellar (XLM) has been creating lots of thrills around it, especially when it earlier announced that IBM will be launching a new stable coin, using Stellar’s technology.

Stellar is back again, and as stated above, it just got listed on Okcoin. The blockchain project is expected to launch Lightyear soon – a ledger that helps in managing digital assets.

At the time of writing, XLM is priced at $0.2513, representing a growth of 18.65% in the last 24 hours only. This digital asset has a market capitalization of $4,730,782,855.

In the recent times, the bulk of the trading volume of XLM has been on Binance: XLM/BTC pair was 27.35%; XLM/USDT was 16.31%.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of PixaBay

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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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Altcoins

Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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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.

The development of…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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