Moeda Loyalty Points (MDA) Up Over 300% This Week - But Why? - Global Coin Report
Connect with us

Altcoins

Moeda Loyalty Points (MDA) Up Over 300% This Week – But Why?

Published

on

Moeda
READ LATER - DOWNLOAD THIS POST AS PDF

I was blown away this morning when after opening my Binance account to check the ‘Market Gainers’ section of my favorite altcoin exchange I found Moeda Loyalty Points (MDA) had jumped 50% overnight. I’ve noticed the price of this little-known cryptocurrency climbing all week and I have been expecting a natural pull back from the huge gains it has had recently. To my surprise, this coin has again skyrocketed, now perched more than 300% above its price point from just a few days ago.

On October 7th, Moeda (MDA) sat at US $.43, in a relatively stable (if not outright boring) pattern of sideways trading. Slightly down from the month before, slightly up on the day, watching Moeda (MDA) lately was a bit like watching paint dry. Now it’s the most exciting coin on the market as its value races up the crypto-charts, achieving a price of US $1.42 (and climbing) while writing this article.

What is Moeda (MDA)?

Basically, Moeda is a seed funding platform for local businesses. With Moeda (MDA), investments are made into projects enhancing sustainable practices and local growth. Entrepreneurs submit proposals to the program, and when selected, receive funding and mentoring to help them succeed. Seed projects must meet UN Sustainable Development Goals and are selected by the Moeda (MDA) team based on their overall impact on their community.

Investors seeking to make a social impact with their capital can use blockchain to invest and track the progress of their investment with transparency and accountability. From eco-social products to craft beer, Moeda has developed strategic partnerships to facilitate a more sustainable world.

Ok… But what caused the sudden rise in price?

A number of factors may be contributing to the gains experienced by Moeda (MDA) this week. Recent progress has led to a number of developments including the release of the team’s first seed project in August and a fiat pegged token deployed on the Moeda (MDA) ecosystem in September. Further, a digital account and wallet are anticipated this month as developers continue to meet their production goals.

Whether these developments can really justify the recent jump in price is unclear. Honestly, there is very little news out there hyping this project, and while I may be missing something entirely relevant (please comment below to fill me in), I think Moeda (MDA) (and a handful of other lesser-known altcoins) are benefiting from an overall excitement in blockchain projects that may soon translate into gains throughout the broader market.

What can we expect from Moeda’s (MDA) market performance going forward?

Moeda (MDA) has had its share of pumps and dumps (along with the rest of the market) throughout 2018. In early September, this coin shot up over US $.90, only to quickly fall back to earth, stabilizing once again just above US $.40. Longer-term investors will remember the glory days of early 2018 when Moeda (MDA) reached its ultimate peak of US $4.35. Of course, the entire coin market was worth near US $800 Billion at that time.

Whether Moeda can ever reach the heights it achieved in January will largely depend on a new influx of fiat injected once again into the broader altcoin market. While signs do point to another bull run boosting the price of our favorite investments in the near future, the fact that Moeda (MDA) can show gains of this size in an otherwise stable market must be seen as a testament to the power of this altcoin’s base, and the prowess of the Moeda (MDA) platform.

For those of us who are just finding out about this amazing altcoin, it may feel a bit late to buy in. From a technical perspective, a pullback should be expected in the near term before another jump forward brings new investors to the table. On the other hand, that’s what I thought yesterday, and the day before, and the day before that…

For the global insights every crypto trader must have, apply for Elite membership!

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 Pexels

Altcoins

Lotto Nation is Revolutionizing the Traditional Lottery Industry

Published

on

Lotto Nation
READ LATER - DOWNLOAD THIS POST AS PDF

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of…

Continue Reading

Altcoins

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

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Press Release