Connect with us

Altcoins

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

Published

on

Electroneum Ravencoin
READ LATER - DOWNLOAD THIS POST AS PDF

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.

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 Skeeze/Pixabay

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Can Libra help the crypto industry to reach new heights?

Published

on

Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
READ LATER - DOWNLOAD THIS POST AS PDF

The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite