Connect with us

Altcoins

Dash vs NEM: Which Coin Is A Better Investment?

Published

on

Dash vs Nem

Ever since Bitcoin (BTC) became big, numerous altcoins have appeared, each wishing a part of BTC’s glory for itself. Of course, this is not all that these coins desire and many of them have quite important goals. Some wish to make the entire internet decentralized, while others aim to offer greater privacy when it comes to making transactions. In the end, each coin has its own story, and that is one of the reasons why many new investors often get confused about which one to invest in.

As new investors, newcomers are never experienced enough to go for lesser-known altcoins. However, they also often do not have the skill and funds to handle the top of the crypto list either. Instead, they focus on the coins among the top 20, but below the top 5. Because of this, many have started to ask around about different coins, with a lot of newcomers being interested in Dash vs NEM comparisons.

This is what we will explore today, and try to see which of these two coins is a better choice for would-be cryptocurrency investors.

Dash

Dash is a coin that is pretty different from most other altcoins. Where most other crypto projects are focused on becoming development platforms, Dash has always worked hard to become a dominant form of electronic cash. It aims to become as liquid as real, traditional money. Even so, it is still created upon Bitcoin’s core code, but it brought a lot of its own features to it.

Dash, of course, has its own blockchain, wallet, community, and it is even open-source. However, it differs from BTC by several important aspects, such as low transaction fees, great transaction speed, as well as privacy. In fact, Dash is known for being a privacy coin, which is a coin that allows its users to remain anonymous, and their transactions private.

Since everyone knows how important privacy is on the internet, it should not come as a surprise if we say that Dash will likely always be needed. At the moment, the price of Dash is at $180.21 per coin, which is significantly lower than its all-time high ($1,526), but there are many who believe that the coin will eventually regain its value.

NEM (XEM)

Next, we have NEM, Dash’s mortal enemy in today’s Dash vs NEM comparison. NEM is a project that aims to provide security to crypto assets and to increase the scalability of its algorithm. So far, it had a lot of success in achieving its goals, and it can process hundreds of transactions per second.

NEM has also received a lot more attention as a coin that focuses on security, especially after the recent Tether hack. After a hack like that, users generally tend to start thinking more about the security of their assets. As a safe coin, NEM has experienced more appreciation, as well as a significant increase in value over the last 14 to 16 months.

A lot of analysts believe that a coin like NEM is the future since it provides such high levels of security. They even go as far as to say that NEM might reach the top 5 coins in the near future. It certainly seems like a good investment, with increased scalability, security, and even decent levels of stability. especially when compared to other altcoins. NEM’s current price is $0.104084, and the coin holds the rank of 17 as per CoinMarketCap.

Dash vs NEM: Who wins?

Giving an answer to who would win in a Dash vs NEM fight is not simple. It is probably not even possible. Both coins have their use cases since there is always demand for privacy and security on the internet. Where Dash can provide anonymity, NEM can provide safety. Both coins have their own features, as well as their own communities. Dash has a better price, and it is also ranked higher on the list of largest coins per-market cap.

However, this doesn’t mean that it is a better coin since Dash and NEM do not really offer the same thing. In the end, it all comes down to the investor, and what they are looking for. Both coins have proven to be able to understand their users’ needs, which is why they are among the top 20.

For the global insights every crypto trader must have, apply for Elite membership!

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 Pexels

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

Published

on

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:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

Continue Reading

Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

Published

on

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…

Continue Reading

Altcoins

3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

Published

on

Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

Continue Reading

Press Release