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NEO (NEO) and Stellar (XLM) On A Bull Run

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Many cryptocurrencies have experienced a lot of success lately, involving the increase in their values as well. Stellar Lumens (XLM) and Neo (NEO) have especially seen a significant increase.

XLM on the rise

Stellar Lumens (XLM) is one of the cryptos that seem to be on a very successful path at the moment. Their blockchain has been very quick, efficient, reliable, and most of all – safe. A lot of banks and other financial institutions have noticed this too, which is what inspired them to join the new trend. And, of course, they are also being followed by various traders, crypto enthusiasts, as well as many crypto investors.

The currency’s market cap is currently at $8 billion, and the value of the coin is estimated at $0.43 at the moment. The last week has brought a significant increase in its value, which went up to about 15.44%. This latest development made XLM climb up to the 8th place in the crypto ranking.

The new developments for this currency don’t stop there, however. In fact, Stellar recently got a new supporter – CEX.IO. This has brought a lot of benefit for this crypto, which can be seen by the recent increase in value. Another benefit is that Stellar is known as the coin that works great with the messaging applications. It is expected that XLM will be one of the first altcoins, if not THE first one that will start doing money transfers within the instant messaging applications.

It also plans to enter a new partnership with a trading platform called Lobstr. Once it does, it will allow its users to create an account and get the ability to trade through a simple tap on their phones. This will be possible for both, Android, as well as iOS users.

Stellar’s growth comes by the means of inflation, rather than through earnings. What this means is that this move will bring extra favors for its users. The firm even announced that there will be 100,000 new coins that will be given to users every week, with no extra costs attached.

NEO is doing well for itself too

The news involving Stellar Lumens are not the only positive thing in the world of cryptos. Another cryptocurrency called NEO (NEO) has also seen a big increase in its value.

NEO is a crypto that comes from China, and so far, it managed to hold its ground in the crypto market. Its blockchain technology works very similar to the one that Ethereum (ETH) uses, which is why many have taken to calling it Chinese Ethereum.

NEO’s price was slowly going up ever since February, and it peaked on April 6. A lot of its supporters, as well as crypto enthusiasts in general, have been looking forward to this development. Everyone is interested to see how much this crypto can grow, and there have been speculations about NEO becoming the strongest altcoin, provided the right conditions and opportunities.

Its current value is $84.16, and it holds the 11th place in the crypto ranking. Its market cap is at around $5 billion, and it has experienced a rise of 16.91% within the last week.

Its rise is every bit as significant as one of the Stellar Lumens, and both are expected to enter the top 5 cryptocurrencies on the rank list before the year ends.

One Twitter user stated that he always imagined the market as a group of great soap bubbles that will have to pop eventually, with the entire economy tied to blockchains being washed off. With the recent increase in prices for these two cryptos, this user started changing his mind, and it now allows for the possibility that this might not happen after all.

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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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CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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