6 cryptocurrencies to watch during this crypto market carnage time - Global Coin Report
Connect with us

Altcoins

6 cryptocurrencies to watch during this crypto market carnage time

Published

on

Crypto
READ LATER - DOWNLOAD THIS POST AS PDF

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).

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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

Lotto Nation is Revolutionizing the Traditional Lottery Industry

Published

on

Lotto Nation
READ LATER - DOWNLOAD THIS POST AS PDF

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Press Release