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Can the Price of Ethereum Classic (ETC) Touch $200 by the end of 2018?

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Ethereum Classic

The commission-less exchange of Robinhood announced that it will begin supporting Ethereum Classic (ETC) effective August 6th. Coinbase exchange also announced that it will be supporting Ethereum Classic (ETC) beginning August 7th. These two exchanges open ETC to a pool of investors in the United States that are estimated to be in the millions. What might happen is that ETC might reach the Moon very soon.

Looking at Coinbase, and using 2017 data, the exchange enjoyed the patronage of over 13.3 Million users by late November 2017. This number is actually higher than regular investment giants such as Charles Schwab which had 10.6 Million active brokerage accounts as of November 2017. Given the fact that we are in a bear market, the number of Coinbase users could have dropped by a quarter leaving approximately 10 Million active traders.

Analyzing Robinhood and according to data from May this year, the trading app has over 4 Million active users. Majority of whom are millennials who are attracted to the mobility of trading through their phones and the fact that the exchange is commission-less. What better way to attract the young generation of traders than through free trading on an app? And now Ethereum Classic is very much accessible to these young traders through their ‘fingertips’.

Summing up both figures, this means that ETC gets exposure to over 14 Million traders by the end of 7th August this year. The current price of ETC is $19.05 but the coin seems to be more bullish than other coins and could be headed for a triple-digit finish by the end of 2018.

One price prediction available online puts ETC at $200 by the end of the year due to the following two factors:

With respect to the latter, ETC is a breath of fresh air in the crypto-markets that have been dominated by the big 6 currencies of BTC, ETH, XRP, BCH, EOS, and LTC for the last few months. The digital asset now has access to two new American based exchanges with approximately 14 Million active users. A conservative estimate of the value of ETC by the end of the year would be $50 if the bear market continues as it is.

However, with a pending Bitcoin ETF at the SEC and the owners of the New York Stock Exchange (NYSE) getting into crypto-investing, $50 might be reached sooner than we think. This will, in turn, clear the way for a $200 ETC by the end of 2018.

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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

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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