Cardano (ADA), NEO, EOS Bull Run To Start August - Global Coin Report
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Cardano (ADA), NEO, EOS Bull Run To Start August

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Cardano

After a small price increase at the end of July, many crypto price analysts believe that August will be the month when the real bull run will come.

Is a new bull run about to start?

The current crypto market cap is at around $300 billion, which many price experts decided to view as a sign that a new bull run is about to take place. The current situation is similar to that of the early June when the market cap was last seen to hit $300 billion in total. Back then, the market was still extremely bearish.

Now, the situation seems to be changing for the better, and in the last few days, the prices of many cryptocurrencies were on a rise. Since then, the prices once again dropped, but many see this as a small setback and are preparing for the real bull run.

The cash flow increased significantly last week when Bitcoin hit $8200, and many cryptos, including Cardano (ADA), NEO, EOS, and others, have seen several percents large increases. While not that many altcoins have seen big increases, Bitcoin was the one that led the price shift. Even so, the majority of the crypto supporters have seen this as a positive thing, and an indication that the market is ready for a period of recovery.

Despite the fact that there were some significant changes in the prices of several coins, there were also those who experienced some losses. Because of that, there are also some analysts with a pessimistic view of things, claiming that this situation might lead to the disappearance of several altcoins.

Right now, Bitcoin continues to dominate the market with around 46% of the money. However, this percentage fades in comparison with Bitcoin as it was back in 2013 when it dominated with 75-90% of the money in the market. Still, this is a significant rise from the situation as it was earlier this year when BTC’s market dominance went down to barely 30%.

What will happen to altcoins?

If we take a look at the cryptocurrencies’ short history, it is clear that the largest price shifts usually come at the beginning of the year, as well as at its end. For example, the last December has seen Bitcoin hit $20,000, while Cardano exceeded $1.20, and NEO managed to hit $162 per coin.

Then, as soon as January came, the majority of cryptos dropped significantly. In July 2017, however, Bitcoin lost much of its dominance, dropping to only 40%. At the same time, however, a lot of altcoins rose, some even threatening to overtake if the situation were to continue. Now, it would seem that the history is repeating itself for Bitcoin, with its dominance being at 47%. However, the same cannot be said for altcoins, which are dropping even more, instead of rising like they did last year.

This is the situation that has led to a lot of conflicting opinions on what will come next. Some believe that the bull run is about to start within days, while others claim that this might be the end of all altcoins. If true, then this latest price increase was the false sign of hope for many investors, and altcoins might truly be at their end. However, the situation might not be so grim, and a lot of altcoins might survive, even if the majority were to fall.

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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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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.

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What defines a foreigner in Singapore? 

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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?

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Mission Statement

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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.

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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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