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ReddCoin braces itself for the Singapore market with a listing on BiteBTC Exchange

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ReddCoin
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ReddCoin is paving the way for the internet of value with plans to make it easy for the mainstream public to use cryptocurrencies with ease. To achieve this, ReddCoin is taking advantage of a proof of stake velocity protocol that does not only make it easy for miners to sustain and make a profit on the network but also guarantees the decentralization of the network. The ultimate plan for Redd coin is to dominate the social platforms. If the project’s roadmap is anything to go by, there already exists impressive technical developments designed to integrate the coin seamlessly into major social networks. Little wonder how the RDD coin has managed to make tremendous gains going after new markets with the news of its listing on a new exchange.

ReddCoin going after new markets

It has barely been a month since ReddCoin unveiled the revolutionary Redd pay and Redd Card services to enable crypto enthusiasts to spend their RDD more efficiently and with ease than the announcement for the coin’s listing on BiteBTC exchange came out.

With this new development, Redd Coin will not be able to tap into a new market with the potential to scale even further in terms of outreach but the project’s ultimate goal of accessibility and ease of use will be a step closer to reality. Already there has been speculation around the price of Reddcoin( currently at $0.008 with a market cap of over $200 million) hitting the coveted $1 mark. By the look of it, that target might no longer be a far-fetched dream considering its new listing on BiteBTC.

More about Bite BTC

For the uninitiated, BiteBTC is basically one of Singapore’s biggest cryptocurrency exchanges. It features a full compliance with Know Your Customer (KYC) regulatory requirements, a SWIFT wire transfer across the globe, a desk with institutional grade tools for traders and an automated API for trading. There is more. The platform also comes with up to five payment methods for buying crypto including Visa and Mastercard credit and debit cards, Alipay, OkPay, JCB and Swift wire transfers. This means that the platform does not only provide value to traders and crypto enthusiasts in Singapore but is also accessible to a global audience of crypto enthusiasts. Just recently, the exchange platform equally announced that Verge Coin (also known as the privacy-centric cryptocurrency) is listed on its exchange. Now that Redd coin is added to the bunch there is simply nothing holding back traders on BiteBTC from the best performing altcoins in the market. Plus, BiteBTC comes with reasonable fees and a variety of coins to buy and sell, and BiteBTC is also offering users a straightforward exchange that also comes with a free wallet.

Why the listing on BiteBTC matters to RDD

Well, for anyone in Singapore, the announcement about RDD being available on BiteBTC as first posted on BiteBTC’s twitter page and on ReddCoin’s website is more than just good news. RDD presents the opportunity to invest in a developing and rapidly growing coin that is sure to excite traders and cryptocurrency investors in Singapore. AS RDD grows and develops, such moves will enable the coin to establish its position in the market and advance further towards building an internet of value.

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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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collateralized debt position
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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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Hodium
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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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