It may be difficult to keep a positive outlook as we glance at the sea-of-red (the color of coins dropping in value over a 24 hour period) that engulfs our favorite exchanges. There is a good reason to be scared as we watch the coin market-cap fall off the edge of the proverbial cliff. But as we assess our gains from the month(s) and year(s) past, and desperately search for a safe place to hide them, there are some coins that look to surprise investors in the auspicious new-year ahead. The coins associated with favorite exchanges Binance (BNB) and KuCoin (KCS), may lead the way forward as trading commences and our tethered gains are unleashed once again into our top crypto-picks.
For new entrants in the crypto-space, your worst fears have likely been realized just as you positioned yourself in this wild-west of financial markets. But for those of us who have been around awhile, this market looks a lot like a brand-new opportunity for future gains. With Ethereum (temporarily) under US $1,000 and Litecoin under US $200 for the first time since early December, many investors are eyeing the recent downward-trend as the perfect time to buy-in on coins they saw performing well just before the new year. In other words, Investors will likely buy the dip (purchasing their favorite coins as they find support at a new lower price point).
Binance Coin (BNB)
Binance Coin (BNB) has proven to be a power-player in the growing list of crypto-currencies offered on the world’s most popular altcoin exchange. Binance itself has gone from a virtual startup to a billion-dollar industry faster than any company in history. Offering an incredibly stable product to millions of investors around the world, it is no wonder their associated token (BNB) has done so well in the past weeks leading up the current market drop. And as Binance takes on more and more users (despite having temporarily closed registrations in the recent days) the company will surely rise with coin market-capitalization in the coming days.
One huge factor that excites investors about the potential of Binance Coin (BNB) is its usability. In fact, Binance Coin (BNB) may be the most usable coin in the entire crypto-industry. Binance Coin (BNB) is used by the exchange’s growing membership as a way to save on the fees associated with trades made on the platform. In fact, using the coin associated with this burgeoning exchange will cut your fees in half.
*Tip: In your settings, make sure you have toggled the switch to use BNB for fees.
Usability is only one aspect of the token that bodes well for its future, however. Its limited supply is another big reason to HODL this gem (or add to our existing stores) as we ride out the storm created by the heavy withdrawals typical of the new year. With a circulating supply of fewer than 100 Million coins, and the announcement of a future coin burn (scheduled for winter 2018) this coveted token shows amazing potential for gains in the year(s) ahead.
KuCoin Shares (KCS)
Binance isn’t the only exchange with new investors beating down their proverbial doors for a chance to trade. KuCoin and its associated token (KuCoin Shares (KCS)) will likely rival many of the altcoins offered on their own exchange in the coming month(s).
KuCoin Shares (KCS) gives investors a stake in the company’s future revenues. And those revenues are expected to jump ahead in the coming year(s). Offering over forty (40) coins on its increasingly popular exchange, KuCoin isn’t just growing, it is exploding with market participants, begging for a chance to get in on the exchange’s newest additions.
KuCoin Shares (KCS) has increased exponentially in the past weeks, and though the recent market-drop has impacted this token (as it has every other token lately) there is good reason to remain optimistic about the future, as an incoming wave of new investors push the little green candlesticks (representing purchases on the graphs offered to investors on many of the exchanges) ever-higher.
As we wait out the storm that seemingly threatens to take down the entire alternative currency market, we must stay vigilant for the right entry-point to jump back in. In order to survive and thrive in 2018’s altcoin market, investors must aggressively buy tokens with a solid track-record of price increases, and they must buy them at the new lower price-points exhibited during downturns (like this one). While many exchanges and their associated coins will do well this year, Binance Coin (BNB) and KuCoin Shares (KCS) seem likely candidates for a solid portfolio boost in the coming year(s).
We will be updating our subscribers as soon as we know more. For the latest on BNB and KCS, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of DaPuglet Pugs via Flickr
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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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