Bitcoin is a top-notch cryptocurrency and the most widely traded cryptocurrency in the crypto sphere. It occupies the No.1 position on CoinMarketCap today. And now, the crypto-king has declared its dominance once again as it becomes the coin that’s used the most on Bitcoin Superstore, a platform that allows users to shop online using cryptocurrencies from 200K stores worldwide (including the likes of Starbucks and Amazon).
Shockingly, the second and third largest cryptos, Ethereum and Ripple’s XRP respectively are not that popular on the platform. Bitcoin Superstore lists out Bitcoin, Nano, Tron, and Litecoin as the ‘most used’ digital currencies in the past ten days or so. Recently, the biggest (in fact, only prominent one at the moment) online crypto superstore said this on its Twitter page:
— Bitcoin Superstore (@BitcoinSuperst1) September 8, 2018
As noted in the tweet, Nano, which occupies No.30 in the cryptocurrency market is the second most used cryptocurrency on 200+ online stores taking about 20%; Tron at 17%; Litecoin holding 8%.
It is important to know that Bitcoin Superstore happens to be the only cryptocurrency store that allows any customer to buy from nearly any online trader with the top 10 cryptocurrencies. Bitcoin Superstore states that within the last ten days, these cryptocurrencies have been used the most.
Litecoin was created as a ‘fork of Bitcoin;’ it is also regarded as the silver to Bitcoin. LTC was created in 2011 and was seen as a big alternative to Bitcoin. It is one of the largest altcoins in the crypto sphere. It occupies the NO.7 position in the crypto sphere and overall, its performance has been ‘just okay’ lately.
Tron is one of the favorite cryptocurrencies today. Lately, Tron has partnered with lots of companies including Twitter. The cryptocurrency recently got listed on ChangeHero and unveiled its new project named: Project Atlas.
Additionally, it has received further attention as the blockchain firm launched SeedGerminator – an accelerator for the developers who wish to create tokens, Dapps (Decentralized Applications), and technology on the Tron protocol. Overall, Tron is doing quite well and occupies the No.13 position in the crypto market today.
Nano occupies the No.35 position in the crypto market and the cryptocurrency came into limelight in December 2017 at the time when investors were looking for better cryptocurrencies with the potential to perform better than Bitcoin.
Nano also had a big rise last year but decreased alongside other altcoins in the crypto sphere. Nano’s meteoritic growth just before the market dipped left its investors with nothing but deficits. Going in some flash-backs, Bitgrail owner Francesco Firano had even blamed Nano for the hack that made Nano dipped and slipped from its position to what it is now.
Overall, Nano is still doing quite well. Though, its blockchain structure had major problems such as that it may be vulnerable; but none of these problems have been found so far. In recent weeks, Nano has been performing better than many big altcoins.
As it is clearly seen, Bitcoin is the most traded coin in the world of crypto. Bitcoin was created in 2008. And one important thing is that no one knows who created Bitcoin or its whitepaper. We just know a name, Satoshi Nakamoto, and have seen an ‘unconfirmed’ headshot till the date.
Bitcoin had a meteoritic rise to $20,000 last year, before the big crash and now it is traded below $6500 mark. On a technical level, Bitcoin is still doing very well, and its performance tends to affect other altcoins in the crypto sphere. It also has the largest market capitalization of $108,682,214,552.
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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.
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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…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
The development of…