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What to Expect from Bytecoin Price in the Future?

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Bytecoin price
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Bytecoin (BCN) may not be one of the most popular coins in the entire crypto market, but it definitely made some significant progress on getting there. This is a discrete coin that is not attracting a lot of attention at the first glance. However, if we take a look at some of the transactions processed by it, its story begins to unfold, and we can see that the coin is gaining popularity. With a situation like that, what can we actually expect from Bytecoin price in the near future? This is something that a lot of investors are currently wondering, which is why today, we will try to provide them with an answer.

Bytecoin price now

Like all cryptocurrencies, Bytecoin price has seen a big decline this year due to the bear market. Its current price is barely $0.001788, with a decline of 8.87% over the last 24 hours, This has placed the coin on the 25th spot on CoinMarketCap’s list of largest cryptocurrencies by market cap. However, it would be wrong to believe that the coin’s price is so low because it’s a bad coin. Its huge circulating supply is large to be blamed here.

The current circulating supply is 184 billion tokens, which is less than half a billion shy of its total supply of 184.470,000,000 BCN.

Even so, BCN will always have its place in the market due to huge amounts of privacy which it provides to its users. Its blockchain is easy to use, and transactions cannot be traced, which will eventually ensure this coin’s popularity. Additionally, the coin is very efficient, which has led to a huge increase in its community. Eventually, what this coin needs is time and patience, which is why it is a perfect choice for the long-term investors.

Bytecoin is not a pump and dump scheme

Thanks to the increase in false ICOs and other numerous crypto-related schemes, a lot of people were worried that BCN might be a pump and dump scheme. Investors were basically afraid that they will be tricked into investing in a coin that will prove to be worthless. Its team, however, responded with claims that they have no control over the coin or the possible directions of its price. In fact, all that they can control is the coin’s underlying software.

Additionally, a while ago, BCN announced its own debit card project. However, it never seemed to arrive, and the team claims that the project has run into a few setbacks and that more information will be released as soon as the team gets them. Many were also worried about the project’s roadmap, but the team also announced that the updates will come in due time, asking for patience.

The coin has been listed on a decent number of exchanges and has entered quite a few partnerships. While it has its issues, it’s still a coin worth investing in. It is true that Bytecoin price is not doing tremendously well right now, but the coin’s community remains convinced that its time has simply not come yet. When it does, it will be able to compete with the best of them. In the meanwhile, believers in the coin are purchasing as much as they can right now, ensuring large returns when the winds change, and the price of Bytecoin grows.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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