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Is EOS About to Take Over LiteCoin (LTC)?

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EOS

Currently ranked as the 6th best currency, EOS (EOS) seems to be doing more than well in numerous fields, while acquiring new partnerships and working on promoting their token in the best way possible. Moreover, EOS has been experiencing a positive wave of rises that brought it to the point where this token might be able to move LiteCoin down for one spot in the global coin ranking list and take over its spot on the list as the fifth-best currency in the market. In addition to an already established reputation of a highly scalable coin with utmost security and safety with all on-block operations, EOS is showcasing their team’s dedication to blockchain technology with holding various meetups around the globe.

How Can EOS Push LiteCoin Down the List?

Given the fact that LiteCoin has been around for quite some time now, being Bitcoin’s little brother, it is probably hard to imagine that its reign over the fifth place on the global coin ranking list could be endangered. But, this is actually the reality thanks to EOS and its amazing progress.

While EOS was one of the rare coins giving its best in showcasing the highest level of stability in oppose to the majority of other coins when the market dip was taking its toll for eight long weeks, the crypto community is only now truly impressed by this token’s growth.

In the course of only 24 hours, EOS has managed to gain a raise of over 30% against the dollar, while also being traded up against ETH and BTC as the market is trying to recover from the most recent market crash. This rate of raising in price impressed the public as EOS managed to show some astonishing result as this token is bouncing off and having more than a strong rebound.

With the current pace of growth, EOS is only 6.25% away from the number 5 on the global coin ranking list, which means that Litecoin – one of the biggest and oldest currencies in the market will have to move down if this case becomes reality.

In case you are not familiar with how the ranking list works, the spot a certain coin holds is being considered based on the market cap of the given coin or token. So, the greater the market capitalization, the better position will a coin/token have on the list. That is how EOS has the opportunity to move one spot up and replace LiteCoin as the fifth-best currency according to the global coin ranking list.

To be able to succeed in doing so, EOS will have to go through another set of increase and get additional 6.25% on its existing market capitalization.

We have already seen coins and tokens moving up on the list and removing previously established coins, but we’ve also seen these currencies drop down on the list despite the initial climb, so in case EOS would start to drop dizzily again with the case of LiteCoin remaining stable during the potential drop, EOS would once again take the 6th spot on the list.  As we are all already well aware of – anything can happen in the world of digital assets when it comes to the market price and demand of the market.

EOS and EOSIO Dawn 3.0

There are plenty of reasons for having EOS to be one of the most interesting coins at the current moment, and one of those reasons is the release of EOSIO Dawn 3.0, which became available only a couple of days ago.

This version of EOSIO is a part of EOS’s roadmap as they are planning on releasing EOSIO 1.0 somewhere in June. The version of EOSIO that should be launched and released in June of 2018 is said to become one of the greatest platforms for creating and uploading decentralized applications, at the same time marking the release of the version 3.0 as one of the top moves that EOS team has made so far.

The newest version of Dawn was released 4 months after having the team release the previous version and this version is said to have implemented features that would allow high-level scalability, so the team managed to prevent hard forking which many coins turn to due to the lack of scalable solutions in their chains.

It is thought that the release of Dawn 3.0 might be one of the many reasons why EOS is experiencing the amazing rise in its price at the current moment, gaining over 30% of rises in a very short period of time.

How is EOS doing at the Current Moment?

After the latest change in the market, it is more than evident that EOS is doing exceptionally well, aiming at taking down LiteCoin from the 5th place on the global coin ranking list.

With the most recent change, EOS is trading in the green with the rise of 31.28% against the dollar, while this currency is also rising against ETH and BTC for 27.57% and 30.23%.

At the current moment, EOS can is being traded at the price of 7.95$ per one token and pretty soon we might see this token ranked as the fifth-best currency on the global coin ranking list.

We will be updating our subscribers as soon as we know more. For the latest on EOS, 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 and read our full disclaimer.

Image courtesy of Damian Morys via Flickr

Blogs

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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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