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Cardano (ADA) Will Soon Edge Out Stellar (XLM) and Litecoin (LTC)




Cardano (ADA) is in the number 8 spot according to Stellar (XLM) is in the 7th and Litecoin (LTC) in the 6th. The difference in market capitalization between ADA and XLM at the moment of writing this is $135 Million. The difference in market capitalization between ADA and LTC is $1.643 Billion. It is with this figures that it is possible for ADA to edge out both coins in the markets and make it to the number 6 spot as shall be explained.

So how will ADA edge out XLM?

Well, with regards to Stellar (XLM) not much news or announcements have been made lately other than both IBM and KIN wanting to use its blockchain to tokenizing their projects. IBM wants to utilize the Stellar blockchain to help track carbon credits in the global arena. KIN, on the other hand, wants to fork from Stellar and create a hybrid solution with Ethereum, to provide a long-term solution for the project. XLM, through the past, has not been seen to show knee-jerk reactions to the major news.

What about Litecoin (LTC)?

Litecoin has been having a hard time recovering from the failed launch of Litepay back in March. Everyone in the crypto-verse had then predicted doom for the coin that is an offshoot of Bitcoin. What has since happened, is that Litecoin has been chosen by Abra as a choice for implementing smart contracts and has recently been listed on its app. But this might not be enough to keep it at the top 6 as EOS has already edged out LTC from the number 5 spot due to EOS’ MainNet launch.

So why is Cardano (ADA) better placed at edging out these two coins?

To begin with, the Shelly protocol is live and registering users to test it out as it aims to decentralize the Cardano network. The team at ADA is also working on smart contracts that would be much better and secure than Ethereum’s. Once these two properties are activated, it is a moon landing for ADA.

Secondly, the project has had some great reviews online with an accompanying strong community to back up the project. The project has three telegram groups with a total of around 26,000 members: the largest of this group having 20,000 members.

Third but not least, ADA would only have to be valued at $0.257 to edge out Litecoin using current market cap figures. This is indeed very possible for the small coin that packs a punch in terms of technical advancements in blockchain technology, and the hope it brings with it to the crypto-verse.

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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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My Crypto Heroes Announces Issuance of MCH Governance Token



Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving



Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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Press Release