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Buying Tron and XRP now is like Buying Apple and Amazon Back in the 90s

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XRP

We are on the cusp of something monumental in the crypto-verse. Institutional investors are knocking at the door of the crypto-markets that have for the last 6 months caused considerable heartache to die-hard crypto fans. But the HODLers know that the current bear market is only temporary for Bitcoin (BTC) is about to embark on a Bull run that will pull up the rest of the crypto markets including our favorite coins Tron (TRX) and XRP (XRP).

Evidence of the institutional investors can be found with the BlackRock firm openly showing its interest in blockchain technology as well as cryptocurrencies. There is also the Swiss-based SIX exchange that plans on launching a fully integrated crypto exchange. Coinbase has also been given the green-light to list crypto tokens from ICOs on its platform. This means it is all systems go for the highly anticipated rush by institutional investors to buy digital assets in the crypto-markets.

So why compare TRX and XRP to Apple and Amazon stock in the 90s?

Both stocks of Amazon (AMZN) and Apple (AAPL) were very cheap back in the 90s. Looking at the price of Apple stock (AAPL) at the end of 1998, it was only valued at around $1. The same stock is now valued at $190 twenty years later. This is a percentage increase of 18,900%. Looking at the price of Amazon (AMZN) stock in 1998, it was valued at an average of $20. The same stock is now valued at $1,846. This is a percentage increase of 9,130% in 20 years.

The cheapness in 1998 of these two traditional stocks can be compared to the current low value of TRX ($0.037) and XRP ($0.47). It will not take 20 years for these digital assets to show gains similar to those of AAPL and AMZN. No. The crypto-markets function at a faster speed than the traditional markets. One year in the crypto markets can yield wonderful gains of up to 10,000%.

Using the above value, in a year’s time, TRX and XRP could be worth $3.70 and $47 respectively. These prices are still below the current price predictions every crypto-trader has been mentioning with the news of institutional investors getting ready to get into crypto investing.

Summing it all up, it is said that the early adopters of any technology or investment instrument are initially thought of being insane. But once the gains start trickling in, they are usually referred to as financial gurus when in actual fact, what they did was to follow their gut. There is nothing wrong with following your gut. That gut will earn you a handsome return in the near future.

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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.

Image courtesy of James Duncan Davidson via Flickr

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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