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$1 Billion in Profits and 3 More Reasons to Ditch Bitcoin (BTC) for Binance Coin (BNB)

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Truth be told, Bitcoin (BTC) is the safest cryptocurrency investment option out there. The digital asset has even been crowned King due to the simple fact that the crypto markets usually respond in tandem with the general action of BTC. Evidence of this is the recently delayed Bitcoin ETF announcement by the SEC that has led the market in a sense of turmoil for the last 3 days. BTC has since increased its dominance to over 48%.

But there could be another Crypto King in the horizon who is backed by a crypto exchange that expects $1 Billion in profits for 2018.

The exchange known as Binance was reported to be projecting annual profits for the year of 2018 that is to the tune of $1 Billion. The same exchange has a very stable coin that is used as a base pair on the exchange and to pay for trading fees. This coin is Binance Coin (BNB). This coin was how the exchange funded its ICO last year in July 2017. Therefore, backed by such a profitable exchange ($1 Billion in projected profits), BNB is sure to continue gaining in value for the foreseeable future.

BNB is currently ranked 16th on Coinmarketcap.com and valued at $12.39 at the moment of writing this. The total supply of the coin is 192.44 Million with a circulating supply of 95.512 Million. This then brings us to the second reason why BNB should become an investment option.

During the ICO, 200 Million BNB coins were minted in total. As illustrated in the project’s whitepaper, the exchange would burn some BNB every annual quarter till there were only 100 Million BNB coins remaining in the total supply. This means that the difference of 7.56 Million BNB seen above in the total supply, has been destroyed by the organization in the last year and they intend on continuing to do so. As the amount of BNB reduces in the markets, so shall the value of the coin with time.

A third reason why BNB should be on your radar is that the Binance exchange plans on extending its services by opening offices/exchanges in Uganda and Malta. This means more visibility for the exchange as well as new clients for trading. This will increase the trading volume and the use of BNB on the now global exchanges. The latter will increase its demand and its price.

BNB General trend for the past year. Source, coinmarketcap.com

Finally, and observing the general trend of BNB in the crypto markets, it has continually risen in value over the months due to the aforementioned reasons. Its history is of continual increment in value with time can be seen with the shared chart above. This means that the same trend of increased value will be observed in the future. BNB is, therefore, a better buy and HODL option than Bitcoin (BTC).

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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

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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Altcoins

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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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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