Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Kin (KIN) Is A Top Cryptocurrency Pick Right Now - Global Coin Report
Connect with us


Kin (KIN) Is A Top Cryptocurrency Pick Right Now



Kik Image KIN

Kin (KIN) is an interesting one. The coin has run an incredible amount over the last few months and its unique positioning in the industry has set it up as a similarly unique investment opportunity for participants in the sector.

KIN Daily Chart

KIN Daily Chart

Right now, price sits at $0.00088. That’s a triple zero pricing which, somewhat counterintuitively, can be a good thing for assets in the cryptocurrency sector. Why? Because investors that are newcomers to the space want cheap entry points. They’d rather pick up 1000 tokens than a fraction of a token (this is purely a psychological bias but it exists nonetheless) and this has made cheap tokens attractive in many cases over the last few months.

Anyway, that’s a discussion for another day.

Current pricing is down from $0.0013 recorded a couple of days ago, yet volume remains up in and around all-time highs.

So what does this say to us?

That the current correction (and, in turn, current pricing) might be a nice opportunity to pick up some cheap shares ahead of an overarching return to the upside momentum.

To explain our thinking, here’s a quick primer on this coin.

Even if readers haven’t heard of Kin, there’s a good chance they’ll have heard of Kik. Kik is a messenger app that was launched way back in 2010 and has since grown to amass more than 300 million registered users.

It’s a pretty big deal and, early last year, the company raised more than $100 million by way of a proprietary token sale – as part of which it issued KIN tokens to participants. The idea is that these KIN tokens can be used to incentivize users to watch advertisements, share content, increase interaction with the platform, all that sort of thing.

And this is why this one is interesting – because the token wasn’t issued to raise development capital, instead it was issued to compliment an existing ecosystem in an already successful and well-established application.

And what’s making the coin run of late?

Well, the token is currently built on top of the Ethereum platform. The company is concerned that it might flood the Ethereum network if its users start to transact with KIN frequently and so management wants to move from Ethereum to Stellar (as a quick side note, this was one of the primary drivers behind the run we saw in Stellar back during the middle of last month).

The move to Stellar is bringing in a lot of speculative attention and the assumption is that once this move takes place and KIN becomes a key part of the Kik ecosystem, the token will be listed on one of the major exchanges. A major exchange listing is a real liquidity event and will in and of itself serve to inject some real upside momentum into the token’s market capitalization as and when it hits press.

So again, what’s making this one run right now?

Well, the Stellar shift is expected to take place (as implied by management comments recorded at the end of 2017) at some point during the second quarter of this year. Exactly what will happen to the already circulated coins remains to be seen but the assumption is that they will be switched one for one with a Stellar compliant token and that, subsequently, these tokens will also be listed on an exchange.

Bottom line, then, is that KIN holders could soon have two tokens on their hands, both associated with a major and established platform outside of the crypto space and both of which are tradable on a major exchange.

That’s why things are running and that’s why we think current levels could quickly reverse to the upside once markets latch on to the opportunity.

We will be updating our subscribers as soon as we know more. For the latest on KIN, 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 Kik.


Binance Coin (BNB) Stops Following Bitcoin (BTC) — But is it Permanent?



Binance Coin Bitcoin

Binance Coin (BNB) is currently one of the most interesting coins in the vast crypto market. However, the thing that makes it interesting is seemingly unique to BNB at this time, which is the fact that it managed to decouple itself from Bitcoin (BTC).

As many are likely aware of, Bitcoin is the first and the largest cryptocurrency. It is also the most valuable one, in terms of its price. As such, Bitcoin has been dominating the market, as well as dictating the market’s behavior. Whenever Bitcoin’s price goes up or down, the rest of the market tends to follow, and each coin’s chart resembles that of BTC — not completely, but enough for everyone to notice.

Binance Coin, however, is the first coin to successfully say ‘no’ to this trend, and resist the largest cryptocurrency. Many have noticed this phenomenon and were wondering what had caused it. So far, the only explanation is a large number of use cases that BNB now has, thanks to various projects.

Binance Coin use cases

Binance Coin was created by the largest crypto exchange by trading volume, Binance. The exchange developed it to be a native coin in Binance ecosystem, and it is being used within the exchange itself. Many have started buying the coin, as using it within the exchange grants a significant discount on trading fees. The discount is…

Continue Reading


Why Bitcoin Price Remains Stable Before the Expected Hike



Bitcoin price

The cryptocurrency rallied a few days back, but now, it has moved closer to 38.2% Fib level. Investors are enthusiastic that as it remains at this level for some time, and stabilize. The next move in Bitcoin price will take it to the 61.8% Fib level. This is when the hike in the price of the cryptocurrency will occur towards $4,200. However, after the surge in price, the upcoming weeks will see the Bitcoin falling swiftly to $3,000.

The truth is that if this move fails to occur, there may not be an improvement in the value of the digital currency. Also, this movement will enable the “bullish gartly pattern” we saw on the BTC/USD 4H chart to become a reality. Also, we are expecting that the Bitcoin price will decline the same way it has been recovering since early February.

Why this week’s closing price matters

Presently, Bitcoin price is still trading above what the intrinsic value is showing on larger time frames. However, we can see adequate room to accommodate short-term rallies. The price at which Bitcoin closes this week is very critical. It will be a clear indication as to how the digital currency will move in the coming weeks.

If Bitcoin closes at a price above $4,000, we are hopeful that the correction may come from early next week. On the other hand, any…

Continue Reading


Stanford Lecturer praises XRP over Bitcoin




The world of cryptocurrencies continues to cause controversies even now, particularly when it comes to matters such as the superiority of one coin over others. According to recent reports, one student from Stanford University has stated that one of Stanford’s guest lecturers — Dr. Susan Athey — bashed the first and largest cryptocurrency, Bitcoin, while praising XRP.

Does guest lecturer go anti-Bitcoin?

In late February, Stanford’s student called Conner Brown came out publicly with a claim that Athey described Bitcoin’s network and protocol inaccurately, and that she also used the opportunity to make unfounded criticism. Athey, who also sits on Board of Directors at Ripple Labs — XRP’s parent company — supposedly also stated that XRP provides solutions to all issues mentioned in regards to Bitcoin.

According to Brown’s comments on the matter, the lecture in question took place over a month ago, and after attending it, he wrote an open letter to Standford, explaining the incident. In the letter, Brown claims that Athey inaccurately presented Bitcoin’s consensus protocol and overstated several issues, such as the threat of a 51% attack on the coins network, as well as Bitcoin’s mining centralization.

However, the main problem with the lecture, as Brown sees it, is the professor’s claims that XRP presents a solution to these problems.

The claims caused Dr. Athey to respond publicly via Twitter, stating…

Continue Reading