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6 cryptocurrencies to watch during this crypto market carnage time

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Crypto
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The cryptocurrency market tends to go bearish once we go past Monday/Tuesday and approach weekends, even in good times. These are not good times at all, so it’s kind of doubtful that any coin at all will make progress on the coming weekend. Bitcoin and Ethereum are in free fall. But a handful of assets have had exciting developments over the last few hours. Let’s explore them a little.

Bitcoin Gold

Bitcoin Gold is acquiring value seemingly out of nowhere. While this is remarkable in the midst of a dramatically bearish market, it makes you wonder what will happen with this coin in the long run.

It’s a token with no real use cases, so its price is driven by speculative pressure above all, which is not a good thing because that just increases the probability of a sudden drop that will come out of nowhere, just as the rise came.

Bitcoin Diamond

Yet another Bitcoin fork. These forks have been gathering lots of attention lately, especially after Bitcoin Cash’s fiasco of a hard fork, that took away 75% of its previous value since last November 15th. But some forks have been performing well, such as the aforementioned Bitcoin Gold, and, Bitcoin Diamond that has recently risen in value by about 20% to reach $1 mark.

Revain

It’s been an interesting asset to follow for several weeks already. The price has a momentum of its own right now, which is remarkable in the current market conditions. However, in the last 24 hours, Revain lost 9.19% of its value too but still, it’s a good cryptocurrency to keep an eye on.

Ardor

This currency is a bit obscure, so nobody seems to be giving it a lot of attention at the time being. That is a little weird because coins that grow in value usually get noticed by the market, and Ardor has had some strong gains in the last few days.

Before going down by 3% today, it’s grown by 5% in only a few hours and has been going against the bearish trend very successfully. It will be quite interesting to follow this altcoin during the weekend and see how far it can go in fighting the current market’s trend.

Quarkchain

In the past few weeks, Quarkchain’s price went up several times over, and it’s repeating the feet today. The QKC token has gained around 2.35% in the last 24 hours.

That’s an interesting development to follow from here until coming Monday to keep track of how far forward it can move. It’s one of the very few markets in the top 100 coins by market capitalization that’s managed some real gains which is striking on its own merits.

Nexo

The last currency that has been going up significantly as we look for crypto market’s carnage time winners is Nexo. While it’s not exactly a noisy coin on the price list, it’s gained accountable value even in the current ‘severe’ crypto market bloodbath. This alone suggests that things are looking good for Nexo right now. The problem for this altcoin will be to sustain its rhythm and to keep going on over the weekend.

So now you have a few interesting coins you can use for crypto-spotting in the next few days (and beyond). Watch them carefully and enjoy the hard times of crypto too (it’s always better to not take hairs our of your head when something goes the other way).

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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.

Image Courtesy of Pixabay.

Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing
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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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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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