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

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

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Moeda
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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…

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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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Altcoins

Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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