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NEM Price Surge After Expanding To Australia - Global Coin Report
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Altcoins

NEM Price Surge After Expanding To Australia

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NEM price
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NEM price starts the week with an increase

The new week seems to be off to a pretty good start for several altcoins, with NEM price currently leading when it comes to gains. Following the weekend, NEM started experiencing a surge of its own, with its value exceeding $0.1. In the world of cryptocurrencies, price surges often start during the weekend, and by the time Monday arrives, they have already blown over. By the time a new week starts, altcoin trading returns to the red, which is where it stays for a while. However, it would seem that this week will be different.

While many other altcoins do trade in the red, as expected, NEM price started growing and has easily surpassed $0.1. This is a result of a 5% growth, and it is not too unusual since a lot of altcoins are known to suddenly grow, only to experience a price reduction later. Experts agree that his event might go through the same experience, despite the fact that it is slightly different than what usually happens.

This is a nod toward several interesting developments regarding NEM that the coin has experienced in the last few days. One of them might be particularly responsible for the new situation, and that is a new partnership with CloakCoin. Partnerships between altcoins are becoming more often, which is an interesting development, as it indicates strength and promises that projects will remain relevant.

NEM grows popular in Australia and the Philippines

Additional big move regarding NEM is the fact that its team has recently announced setting up a blockchain hub in Melbourne, Australia.

Australia is seen by many as a decent location for crypto development due to less strict regulatory measures. It is still unknown whether NEM will be able to achieve its full potential thanks to this new move, but investors remain optimistic.

Finally, NEM price also might have grown thanks to additional attention gained from a new video by Jeff McDonald, NEM’s advisor.

In the video, McDonald goes into depth while trying to explain blockchain technology. Considering that this took place in the Philippines, it is not surprising that NEM received a greater amount of attention in this part of the world.

After all of these events, NEM price started yielding results, and the coin reached a $0.1 mark without resistance. At the time of writing, the NEM price is at $0.100494, with a growth of 4.16%. Whether this trend will continue or not — still remains to be seen. In any event, NEM is currently one of only a few coins that are trading in the green.

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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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Altcoins

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
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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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