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What to Expect from BNB, BTT, TRX, and BAT

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BNB, BTT, TRX, BAT
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The first week of February is ending, and the crypto market remains just as volatile as ever. While many were hoping for stability, if not a rally, in the early 2019 — it has yet to arrive, as many coins are seeing drops followed by slight gains which are constantly keeping crypto traders on their toes.

However, there was a lot of activity in the wider crypto space in recent weeks, which has caused a stir in the market regarding some of the altcoins. The most talked-about coins these days appear to be Binance Coin (BNB), BitTorrent (BTT), TRON (TRX), and Basic Attention Token (BAT). With that in mind, let’s review what happened, and what might that mean for the prices of these coins in the following weeks.

1) Binance Coin (BNB)

Binance Coin has seen a lot of positive activity in the last few days, and for several reasons. The BNB token is the utility coin at Binance cryptocurrency exchange, which has been performing better than most altcoins due to the fact that it was created and supported by Binance. Furthermore, it is also popular within the exchange as it provides significant discounts on trading fees.

However, the increase in activity likely came due to the return of Binance Launchpad, a project that aims to help launch new coins and allow them a decent start by exposing them to the exchange’s 10 million customers. The Launchpad has been around for a long time, although it was not active in 2018 due to the bearish market and apparent death of the ICO model.

Now, the Launchpad is back in business, and since the only way to buy newly launched tokens is via BNB, the coin’s usage and popularity have surged, just as its price and market cap. BNB’s current price is at $8.165, while its market cap grew to $1.153 billion. As a result, the coin entered the list of top ten cryptocurrencies by market cap for the first time, shortly after the launch of TRON-based BTT. As the launchpad is preparing to hold another token sale on February 25th, offering Fetch.AI (FET), it is likely that BNB price will continue to grow in the following weeks.

2) BitTorrent (BTT)

As mentioned, BitTorrent (BTT) is TRON-based token designed to be used in the BitTorrent ecosystem. The coin was launched around 10 days ago, on January 28th, 2019, and it immediately attracted more attention than anyone would have hoped for. The entire token sale was done in under 18 minutes, and it only lasted that long due to technical issues with the platform, which could not handle the number of interested investors.

After the launch, the coin continued gaining the attention of investors, and high demand has allowed it to grow further during the first week of February. At the time of writing, the coin’s price is at $0.000933, after surging by 5.50% in the last 24 hours. Meanwhile, its trading volume exceeds $222.4 million. While the coin is still way down the list when it comes to rank, currently being at the 1733rd spot, it will likely grow in the near future, as a series of airdrops has been announced. The airdrops will start on February 11th, and they will be performed occassionally until 2025.

It is expected that at least 10.1% of the coin’s circulating supply will be distributed among TRX holders in the next six years. Meanwhile, due to the massive number of BitTorrent users — not all of which are interested in crypto, but a large number likely will be — the coin will have exposure like no other cryptocurrency before, which will likely allow it to advance rapidly in following weeks and months.

3) TRON (TRX)

TRON has seen a surge of its own thanks to increased interest in its ecosystem which now counts BTT. The coin has been performing rather well in the last two months, even before BTT was even announced. On December 17th, 2018, TRX started gaining value, and while this was true for a large number of altcoins at the time — the situation quickly turned around for most of them.

However, TRX was not among the unlucky ones, and its price doubled itself in the following 30 days, going from $0.017 to $0.025. At the time of writing, TRX value has gone even higher, reaching $0.026304, after a 1.66% increase, according to TradingView. The growth and development of its ecosystem — including dApps, a decentralized exchange, new tokens, and numerous other projects — is helping the coin’s growth, which was significantly delayed due to the bearish market of 2018.

While TRX is likely not out of the woods yet, and the bearish grip will still affect it, so far it appears to be able to handle it, at least better than the majority of the crypto market. In the following weeks, TRX will likely continue to grow due to all the attention that its ecosystem is seeing, which might make this the perfect time to invest.

4) Basic Attention Token (BAT)

After Binance decided to openly support TRON and BitTorrent, other exchanges decided to do a similar thing with other projects. This is likely one of the reasons why the largest US-based exchange, Coinbase, launched a new venture, Coinbase EARN on February 6th. The aim of the project is to support BAT, as well as the browser that the coin is powering — Brave.

This has already had a huge impact on BAT, as the coin’s price surged by 30% within hours, taking its price from $0.10 to $0.13. The coin has seen a slight increase since then, with its current price being at $0.11917 as per TradingView, but its trading volume still continues to surge, going from $4 million before the announcement to $21.2 million at the time of writing.

Thanks to Coinbase’s new initiative, both Brave and BAT will receive a lot more exposure, and the educational content posted on the Coinbase Earn’s page will boost the coin’s adoption further. In addition, the fact that BAT does not have to be bought, but can be obtained by watching ads in Brave, or viewing educational content might bring a lot of new crypto users. This might especially attract those interested in crypto who did not want to make a real investment in the space.

The support provided by Coinbase will likely strengthen BAT’s position in the crypto market, and possibly allow the coin to surge, as it sees more demand and activity.

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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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