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Binance Coin (BNB): The Upcoming March Burn

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Binance Coin
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Binance Coin was doing well until the last week when this currency suffered from a series of falls that affected its dealing price. However, we have learned from the past experiences that trading in red doesn’t always necessarily need to be a bad thing. So, our goal here is to analyze how badly can this fall affect Binance Coin and see how BNB has been doing for the past couple of months.

What is Binance Coin?

Binance Coin is cryptocurrency set behind one of the largest trading platforms – Binance. Although maybe one of the most popular exchanges on the crypto market, Binance didn’t start with trading until July 2017, so this exchange market is still very young.

This platform started with dealing with exchanges when it successfully attracted ICO – the Initial Coin Offerings – and ever since then Binance became known as one of the greatest exchange platforms. The main reason for that might be the fact that Binance takes really low fees that don’t ever go over 0.1% of the initial currency exchange.

Another reason for having so many investors make up their minds for Binance is the fact that this platform operates pretty fast. Binance can process approximately 1.4 million orders in the matter of a second, which ranks it among the top exchange platforms with the greatest potential.

Binance Coin represents a project launched by Binance platform and this currency is available for exchange and trading as well. The amount of Binance Coin is limited to 200 million BNB units – from this amount, 50% will be sold across exchange platforms, while 40% belongs to the team behind the coin and 10% goes to Angel Investors.

Angel Investor is a popular name for investors who buy large amounts of coins, making them very important for the crypto market, especially developing currencies that are still trading at low.

So, since Binance Coin is working hand in hand with one of the largest exchange platforms, this currency should have a great potential, right?

Let’s see.

How is Binance Coin doing at the Current Moment?

January 2018 was pretty easy on Binance Coin as this currency was trading up in green for a long period of time. This January tradition ended for BNB after it was last traded in green for over 10% up against the dollar. This was the case up until February 1st. After the mentioned date, BNB fell down for over -13% against the dollar. To be clear, BNB was trading in red for the entire month – it had its ups and downs during this rocky month, where BNB even managed to gain a market capitalization of over 46 million dollars in a trading volume of only 24 hours. This led to a total market cap of 930 million dollars.

The Upcoming March Burn

If you have been following up with BNB and the previous coin burns this currency went through, you surely remember that each of these burns got the BNB’s price up and jumping, The first coin burn set for October 2017 brought BNB from dealing around 1.7$ per one unit to dealing at 10$ per one coin. The second burn that occurred in January 2018 made BNB jump to dealing around 24$ per one coin which was a huge success.

Now that BNB is dealing at a bit over 8$ per one unit, the March burn will come as pretty benevolent as if is to believe the rumors. The BNB burn will surely occur in March, but the rumor that might be a bit disputable is that BNB will be dealing at 50$ after the scheduled burn.

This presumption cannot be far from the truth as the previous coin burnings showed as pretty effective in raising BNB’s price, but whether this currency will go up to 50$ is a matter yet to be tested and seen.

In case you believe that the March burn will have an amazing effect on Binance Coin the perfect time for investing would be now while BNB is still trading at 8$ per one unit.

We will be updating our subscribers as soon as we know more. For the latest updates on BNB, sign up below!

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.

Image courtesy of coinmarketcap.com

Altcoins

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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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