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So you want crypto to make you rich? Look at Electroneum and Graft

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Electroneum

Do you remember the time when Microsoft, Yahoo and Google stocks created millionaires out of nothing? (Please don’t mention Facebook). It’s expected that cryptocurrencies will do the same trick real soon (Electroneum and Graft could help, I’ll tell why later). It did it already, as investors who came into the market between 2010 and 2017 had the chance to have great gains when Bitcoin hit the $20,000 mark.

The current year has been lousy, but the best is yet to come. 2018 has been under the bear’s hug all year. Most coins have gone down by something like 90% which is not great news for speculators. It would be terrible news if you bought when everything was high (last December). But for smart investors and aficionados, this is the best of all times. This is the time in which you can buy cheap and then sit back and see how prices go up as the next bull run arrives. And it will come. We don’t know when, but it will.

The question is: which are the best baskets for your eggs? In this article, we will suggest two. Of course, you will need to do your own research and make your own decision. We are not financial advisors; we just point the way in directions that make sense.

Electroneum

In a market that has been going steadily down, Electroneum (ETN) has been going up. Almost 400% over the last month.

The reason for Electroneum’s success is real-world demand for the token. You can mine this coin by just installing an app on your mobile phone and then it’s useful for any kind of micropayment you could imagine.

This makes a cryptocurrency useful for lots of people all around the world who don’t have access to bank accounts or other services offered by the traditional financial system. And this kind of demand can only grow up.

Among the factors that have been holding adoption of cryptocurrencies all over the world are regulations. Electroneum is fully compliant with regulations. This means it can only keep growing in demand and value, very quickly, quite significantly. If just a few strategic partners adopt Electroneum sometime soon, it will take off in a spectacular way.

Electroneum is very cheap now. And you can get some for free if you just install the app. Keep an eye out for it; we believe you won’t regret it.

Graft

Graft is not in the limelight the way Cardano or Tron is, but you should have a look at it. It has the same potential as Electroneum to outperform the current (and future) market.

This is a currency that aims to give everybody easy access to settle payments instantly in any way you want, be it crypto or fiat currency. It’s like Ripple for the masses, not just for banks.

Because of that appeal, traders and merchants are integrating Graft (GRFT) into their platforms very quickly and that will create trade volume and demand which will, in turn, raise the coin’s value. Remember: in the long term it will be usefulness, not speculation, that will decide which tokens rise in value and which ones will disappear.

Graft has also tried hard to comply with international regulations, which makes it a safer bet than many other crypto-coins.

Right now this is a somewhat obscure project, but it’s so well designed and useful that, as far as we can tell, the future looks bright for it.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up 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 Stevebp/Pixabay

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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