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Electroneum (ETN) and Ravencoin (RVN): Two giants in the making

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The current generation is full of inventions. Few get in to stay and some fade with time as we’ve witnessed it in many cases. When Bitcoin was first introduced, many had doubts and could be heard predicting a collapse of the digital currency.

Cryptocurrency is transforming the way the money works, and it’s bound never to collapse (at least not anytime soon), but instead, the question is what the digital money will offer in the long term. The crypto industry is moving fast, and most individuals now think that blockchain technology is the way forward.

However, we’re no longer talking about Bitcoin alone but several other coins that could show even better potential going forward. Considering that, Ravencoin (RVN) and Electroneum (ETN) seem to be the two sleeping crypto giants waiting for the night to end and take top positions at sunrise.

Electroneum (ETN)

It’s a consensus in the crypto market that mass adoption will be the reason behind the next wave of growth for the cryptocurrencies. Those with the potential for an exponential adoption will undoubtedly have the most significant gains. Electroneum (ETN) is one of those with the highest potential.

Launched merely a year ago, the mobile cryptocurrency platform Electroneum is ambitious to replace PayPal. The coin has a fantastic use case which could see it getting adopted by more than 350 million smartphone users around the globe – a market that could be worth more than $3 trillion.

The fact that anyone can mine ETN with possession of only a smartphone makes it a potential threat to major cryptos. Besides that, it is straightforward to use. Also to make sure that Electroneum realizes its dream, the firm is in talks with several mobile operators who can be of help in integrating the payment platform into their networks.

Furthermore, the KYC feature gives it legitimacy in the eyes of many governments by making it compliant with most nations’ financial regulations. Without bottlenecks from governments, the value of Electroneum would only rise in a matter of time.

Besides, payments are promised to be instant. What more can one expect from a payment network? It’s said that the API sends a message to alert the receiver that the funds are on the way. Turkey’s Sistemkoin is about to add the coin into its platform meaning it’s in demand. The altcoin is also about to release its plugin for online vendors to support platforms such as Magento and Woocommerce.

Ravencoin (RVN)

From securing a Binance listing, launching its MainNet to activating the MainNet asset layer, Ravencoin is building the best foundation of becoming the next elephant in the crypto market. It’s worth noting that the activation of its MainNet asset layer means that all the features that will help to create the tokens will become live.

Looking at last month, October, there is a reason for pointing that it’s probably a matter of time before the value of Ravencoin ranks among the top 15 or who knows top five. During the month, it was the top gainer among the top 100 coins whereby it saw an increase of 170%. It shows that much is going on in the house of Ravencoin that investors should be excited about.

With Ravencoin, the brokerage account transfers only take few minutes instead of weeks, and the stock trades settle within minutes, unlike several days. Unlike Bitcoin that try to solve fiat currency problems, Ravencoin is doing it with securities. Therefore, Ravencoin is revolutionizing a different space.

During October, Ravencoin went past the $100 million mark concerning market capitalization, and at the moment it’s aiming that height again. Currently, it has a market cap of $104,102,115 which places the new-bird at the 63rd position on the CoinMarketCap charts. Not bad, not at all.

The developments centering both Electroneum (ETN) and Ravencoin (RVN) are exciting as they are causing a rise in value directly. These are the kind of crypto coins that any investor would want to look in; coins that go against all the odds to ensure that they emerge successfully. When both started, they remained undervalued but now things are changing, and who knows what the future holds. They are just sleeping giants about to be awakened.

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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.

Image courtesy of Skeeze/Pixabay

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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