Connect with us

Blogs

Crypto takeoff: EOS, TRON, and Stellar stepping solidly in the market

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

If the question is which are the cryptocurrencies currently having remarkable behaviors in the market, the answer without any doubt features EOS, TRON (TRX), and Stellar (XLM). But what’s exactly going on? Let’s find out what these coins are doing and how the crypto market is receiving that.

EOS

The current selling price of EOS is 17.60 dollars per unit, a number granting the coin with a whopping 58% increase in a week.

EOS token has been having a bullish behavior all week, and it all seems to point it will continue making outstanding gains. One of the factors that may have been collaborating with this is the new listings that the coin gained in diverse cryptocurrency exchange platforms, among we can find Zebpay and eToro.

Additionally, a group of exchange platforms betwixt we can find Huobi and Bitfinex, have suddenly become very attracted to the EOS blockchain, and as a consequence, are seeking to produce blocks on it.

Similarly, the Software tech company Object Computing (OCI) broadcasted a webinar this Thursday – in which they explained how to build DApps using the EOS platform. The webinar is not available at the moment, but users have the chance to request a recording of it directly on the OCI site.

On the webinar, the main capability factors of EOS were elucidated, and the same way, viewers had the chance to see closely how a DApp set up works.

Shortly, we may potentially see a large group of EOS DApss appearing in the landscape. And that makes us wonder, how long would it take for EOS to reach the price of $20? Apparently, not that long!

TRON (TRX)

The current selling price of TRON (TRX) is $0.07745 per unit, a number granting the coin with a 41.30% increase in just the last seven days.

Indeed, TRON has returned to fight against the giants of the market! The current position of the token in the rank of the best cryptos is the number 10, with a market cap of $5.1 billion. However, this is not the first time the virtual coin has been ranked as the 10th largest coin, in fact, not so long ago it was also the number 10 but later on it got kicked and moved backward on the list. Would it this be the time of TRX to remain as one of the ten most important virtual coins on the market?

TRX has been recently added to the crypto exchange platform, Zebpay. That may be one of the reasons why the coin has been behaving so bullishly.

Nevertheless, it’ not only a fact of listings in reputed exchange platforms, the coin has been gaining a lot traction among users as well. Social media has been very supportive with the token, in fact, the founder Justin Sun, established on Twitter:

Stellar (XLM)

The current selling price of Stellar (XLM) is  $0.41352 per unit, a number granting the coin with a 7.22% increase in just the last seven days.

In fact, Stellar was the coin leading the top 10 position holders’ rally in the market not so long ago. However, it got displaced by both EOS and TRON just recently.

As with many other virtual coins in the market, Stellar is working on building up relationships that may boost its behavior. In fact, on May 1st, the Stellar team will fly to Dubai to attend a blockchain/fintech reunion. As the company itself has announced in a recent tweet, there’s still enough time if you want to register for the Dubai Meetup. So what you’re waiting for?

For the latest cryptocurrency news, join our Telegram!

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 Roo Reynolds via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite