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Stellar Lumens (XLM) – The future of asset transactions?

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Stellar XLM
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One of the highly-regarded open-source projects today in the financial market is Stellar Lumens. This project is a distributed payment structure that helps to facilitate asset transactions efficiently and consistently, with just little charges by making use of a crypto-asset called Lumens (XLM). It is essential to keep in mind that this project has gotten immense support from financial institutions and Bitfinex already.

The way Stellar Lumens (XLM) operates is much alike with other decentralized payment systems. It includes a network of decentralized servers which are always renewed within two to five seconds. Another important feature of Stellar Lumens (XLM) which makes it different from other cryptocurrencies like Bitcoin is its consensus protocol.

Nevertheless, if you are looking for a bridge to give you solutions concerning the issues with traditional bank services such as the fees and quick access to other banking systems in the third world, then this platform is the right choice.

That is due to the fact that it also allows users to send their money to anywhere in the world with just a little penny as charge and this can be done within few seconds.

With these advantages, lots of investors and users are choosing this platform. As a result of increased patronage, XLM recorded an upsurge on its users all over the world last year.

The increase in the use of Stellar Lumens (XLM) has been as a result of its adoption from big financial institutions. Recently, Stellar got an excellent business collaboration with IBM, which is one of the biggest computer technology companies in the world today.

IBM has also been one of the major technology suppliers in the financial sector. Undoubtedly, this recent adoption by IBM will surely boost the future of XLM. Other companies that have adopted XLM are SatoshiPay, Kin Foundation, and BloomX.

Furthermore, another breakthrough of Stellar Lumens (XLM) is the support from NASDAQ, one of the prominent US stock markets. NASDAQ publically declared to the world that XLM is one of the twenty new cryptos to have the most significant potential growth.

That is exciting news for XLM, and it is undoubtedly going to boost the interest of investors especially when NASDAQ lists it as one of the digital currencies in its forthcoming cryptocurrency exchange.

There are also other major players that offer the same services as XLM, and XRP is probably its biggest rival. Both platforms are aiming to reach the USD 20 trillion annually in the market. Although XLM has a market cap of $5,348,989,965 (as of writing this article), there seems to be a potential growth of this cryptocurrency in the coming years.

In addition, XLM on its own is more decentralized than its rival. A good number of investors are taking their attention away from XRP due to the fact that XRP Foundation itself controls almost 60 percent of the digital coins.

When it comes to the price of Stellar, it has almost reached the bottom. In the market today, you will observe that it has been resilient in the XLM/BTC charts. Nevertheless, buying XLM right now may be really suitable, and it is currently traded at $0.28 (good chance to buy in bulk). Indeed, Stellar (XLM) has what it takes to break out from its current situation soonest.

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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.

Image courtesy of Pxhere.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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