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3 New Cryptocurrencies To Keep An Eye On

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As 2018 nears its end, the effects of last year’s crypto boom are still being felt. Even though the current year has been bearish for most of its length, new altcoins continued to appear on the market almost every other day.

In addition, issues with scalability that many large cryptocurrencies are suffering from are slowly being solved by different methods. While this is all considered to be a positive development, the situation is slightly less encouraging when it comes to real-world adoption of cryptocurrencies.

Even so, some steps were made, and numerous efforts in different parts of the world are being made to one day make this concept a reality. In the meanwhile, crypto trading continues to grow, and investors are always looking for new aspiring coins to invest into.

This is why today, we will take a look at 3 new cryptocurrencies that are already showing real potential. Since any of them might grow to become the next big thing, it doesn’t hurt to keep an eye on them and follow their development closely.

1. SureRemit (RMT)

To understand what this coin is all about, we should first explain the concept of remittance. This is something that is very important for developing countries, as their citizens often struggle to survive due to a bad economy or other similar reasons. As such, it is not unusual for some of their citizens to leave their native country and travel to more developed places in order to work and send funds home via wire, online transfer, or some other method.

These funds that are sent back are what we call remittance. However, the process always has a middleman that is involved in some way, which makes the process both costly and slow. These costs can often go up to 10% or more of the total value that is being sent, and the length of the process can take anywhere from one to three days.

This is where SureRemit comes in, and it allows a solution to such problems by completely bypassing fees and the middleman. While the fees are still present, they will include 2% of the amount, instead of 10% or more. Not only will the receiver get more money out of this deal, but the process itself is also much faster.

The project itself is not aiming to become a transfer service based on blockchain technology. Instead, it relies on the fact that most of the money that is being sent will be used for consumptive purposes, such as buying food, paying bills, and alike. All that it takes is for merchants to accept vouchers that can be used for paying for goods and services.

An obvious question now is — why would merchants do this? The answer is simple — by doing so, they will boost their sales without having to spend money on marketing. Apart from that, merchants themselves will not lose anything, as they will still be paid in fiat currencies. The incentive has grown to be pretty effective up to this point, especially in struggling countries of Africa, the Middle East, Asia, or Latin America.

2. Scorum (SCR)

Scorum is a media platform based on blockchain technology. It allows users to receive rewards for creating quality content, and the rewards come in the platform’s native SCR coin. However, Scorum is a platform that focuses on a single niche, which is sports.

The platform has four components: Sports blogging, Fantasy sports, Commission-free betting, and a Statistics center.

Right now, the blogging platform is likely the project’s most exciting aspect, with more than 30,000 users, and 200,000 visits per month. This has made Scorum’s blockchain the 13th most active one in the entire ecosystem. This is already an exceptional feat, but it is even more impressive if we consider the fact that the coin has a market cap of only $7 million.

This is proof enough that the project does not need a lot of money in order to attract people, as long as it is done right. The platform also provides many with an opportunity to be creative and express themselves while at the same time, they would instantly attract a lot of traffic. In addition, as they do so, they can also get a reward in form of tokens, as mentioned earlier.

The project is pretty innovative, and it became an instant success due to the amount of interest in sports from all corners of the world. The betting platform is commission-free, and it offers a lot of unique advantages over other platforms. One of them is the fact that it can be truly international since cryptocurrencies know no borders. Another one is the fact that independent developers can use it to create their own solutions on top of Scorum.

As for fantasy sports part of the project, it has yet to gain any notable adoption. However, since transaction fees on Scorum are non-existent, many expect that this aspect of the website will grow as well in time.

Finally, there is a stats center, and this aspect is also in its early stages. Te plan is to help it grow beyond simply displaying typical sports stats, and to use different analytics tools to create interesting interactive visuals.

3. Ravencoin (RVN)

Ravencoin (RVN) is the largest coin on this list when it comes to market cap. However, it is still not as large a crypto as it can get. One interesting thing about this coin is that it managed to avoid usual pitfalls that most other projects rush into. It never held an ICO, and it was not pre-mined, which are only two examples of the things that this coin did differently.

On top of that, It has no CEO, which means that all of the “power” is shared among the developers themselves.

The Ravencoin project is designed to allow users to issue and transfer different assets on a secure, decentralized blockchain. Apart from that, it also provides a safe and secure messaging channel that can be used for communication. Decentralization is maintained by allowing users to vote on important decisions and issues, and users receive dividends as payment. In addition, it is resistant to ASIC, and it is much more energetic than Bitcoin.

The future of cryptocurrencies definitely seems brighter than ever, despite the fact that the adoption progresses slowly. Things like regulations and understanding this technology in the first place are of great importance. While a lot of countries understand this, there are still many of them that believe that cryptos are just a current trend, a bubble that can pop at any time.

This is why their progress is slow, but this also gives them time to develop, evolve, and reach the mainstream as a firmly-established technology, once their time finally comes.

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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

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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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…

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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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