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Dogecoin News: SALT Accepts DOGE As Collateral

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A known cryptocurrency loan provider, SALT, has recently announced that it will add Dogecoin (DOGE) on its list of cryptos that are accepted as collateral for fiat loans. The Dogecoin news came as a surprise to many since the coin is not among the highest-ranking altcoins by market cap.

Despite not ranking high on the list, DOGE does have high liquidity. Its daily trading volume often exceeds $11 million, which serves as a guarantee of the coin’s popularity. According to SALT announcement, DOGE will be one of several cryptocurrencies that can be used as collateral for GBP, JPY, and the USD.

Prior to the addition of DOGE, SALT also announced that it accepts Litecoin (LTC). Apart from adding new altcoins, SALT also stated that it plans to expand to several new countries, including the UK, Vietnam, Hong Kong, and New Zealand.

While this Dogecoin news is seen as a good development for the coin, its price has yet to react. At the time of writing, Dogecoin is still experiencing significant losses, with a price of $0.003875 after losing 8.09% in the last 24 hours. However, many believe that the “joke” cryptocurrency is still worth HODLing.

Partnering up with projects, companies, and services such as SALT has been a primary focus for every cryptocurrency. By connecting themselves to successful businesses, these altcoins are ensuring their long-term survival.

SALT’s announcement states that this move will allow them to easily access the wider crypto community. The statement also comments on their choice of Dogecoin, stating that DOGE has a long and rich history, as well as a strong and supportive community. Furthermore, DOGE offers high liquidity, since it is still actively traded. In the end, SALT claims that DOGE was an obvious choice.

SALT implements additional changes to their business

Apart from the Dogecoin news, SALT has brought several other changes recently. One of the most notable ones is the adjustment of their interest policies. Now, the company has a 5.99% interest for loans that include less than $75,000. However, for those higher than $25 million, the interest rate will be 11.99%.

However, equally as important is their decision to allow their users to help with decisionmaking regarding the way the company carries out its operations. This will mostly include the choice of additional altcoins that SALT will add to its platform in the future. This move will likely bring the most popular cryptos to the platform first, regardless of their position on ranking lists.

SALT stated that this will be done in order to learn what their community values most. At the moment, the community can either propose a new asset or vote for one of those that the company has proposed. These include Ethereum Classic, Monero, Ripple, Dash, Cardano, and Bitcoin Cash.

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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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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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