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Here’s Why You’d Be Foolish To Ignore Stellar (XLM)

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Stellar
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Stellar (XLM) is trading at less than $0.33 a piece. At the start of January, the same coin went for more than $0.85. That’s a collapse of 61% in around four weeks. This is far from XLM-specific, of course – the wider crypto markets have taken a similar (and, in many cases, a more pronounced) hit.

Of those coins that have corrected, however, a handful are set to take off once the market turns around.

And for us, Stellar’s Lumen is one of this bunch of winners.

When it comes to valuing a cryptocurrency, markets are pretty heavily divided. The aggregation sites normally list by market cap but we all know that this is pretty useless since all a coin has to do to increase its market cap is to increase supply. We’re not trading equities here, where a market will revalue to accommodate a fresh injection of shares, we’re talking crypto.

What we like to base our valuation on is a combination of three inputs.

The first, the team behind the coin. The second, the real world use cases of the coin and/or the technology with which it’s associated. The third, the community.

So, against these metrics, how does Lumen perform?

Well, we wouldn’t be discussing it here if it didn’t score highly on each point, but let’s get a little more specific.

First, the team.

The guy to focus on here is Jed McCaleb, who is listed as a ‘Stellar Developer’ on the company’s about section of its website. He’s much more than that, however. He founded the Stellar Development Foundation having left Ripple (XLM), which he also founded and (and this is something many people don’t know) he also founded Mt. Gox. Sure, Mt. Gox is now something of a black spot on crypto history, but at its peak, it was the number one entity in the space and McCaleb was no longer involved at the point when things started to go bad.

In other words, he’s been involved in two of the biggest projects in crypto before he created his third, Stellar.

The advisory board is just as strong. Patrick Collison CEO of Stripe; Matt Mullenweg, Founder of WordPress.com; Sam Altman, President of Y Combinator; and Naval Ravikant, Founder of AngelList all feature in advisory roles.

That’s the board, what about the real world use cases?

Well, this is where Stellar is leagues ahead of some of its peers. It’s essentially doing what bitcoin set out to do – bring a decentralized payment network into the mainstream that connects people to low-cost financial services. It’s crypto for the unbanked but also crypto for the banked that don’t want banks. An everyman’s crypto.

Finally, the community.

You’ve only got to take a look at the primary social channels to get a feel for the incredible community that’s behind this one. Close to 70,000 users follow the company’s SubReddit. The company has 200,000 followers on Twitter. And these guys and girls are very active in the community’s they represent.

To bring all this together, in XLM you’ve got a coin that fuels a technology that has the potential to finally bring to the table what bitcoin and others have tried (and so far failed) to, led by a team of industry leaders and incumbents, all of which is supported by hundreds of thousand strong community of enthusiasts – many of which hold XLM as representative of their support.

When this market turns, and it will, the coins that check each of these boxes are going to be not just the short-term winners but the long-term growth coins of the sector.

Don’t ignore XLM right now.

We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!

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.

Image courtesy of Stellar

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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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…

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Altcoins

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

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Aluna.Social
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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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