If you like to keep updated with cryptocurrency news, you already know that everything everybody has been writing about for the past seven months is the current bearish market. It’s slow, most coins are losing value, and there is no end in sight. But is a long bearish run such a bad thing?
I don’t think so. If you’re going to make any money out of cryptocurrencies (assuming you’re not mining any or own a bank) it will be by buying low and selling high, and nothing brings prices lower than bearish markets.
In short: the current market affords us all the opportunity to buy as many cheap tokens as possible, and hold them until the next bull comes. This takes a bit of research, discipline, and patience but if you have those qualities, you’ll find a way to make today’s market work for you, say, a year from now. I show you five coins that could be the way to go.
The Stratis blockchain project and its token (STRAT) have a very low profile within the cryptosphere, yet, it’s a coin with immense potential and fantastic room to grow. It’s currently trading at 1.65 USD, but not too long ago it reached heights of 20.89 USD. The project’s and asset’s lack of fame make it an especially good opportunity because you can find a treasure that nobody else is looking for.
It’s a robust project that aims to make blockchain adoption as painless as possible for both developers and partners, and it’s currently working on making its blockchain available in mobile devices. Bitcoin has shown us many times over that fame does not equate performance, so don’t make the mistake of ignoring Stratis just because it’s not in the news all the time.
It was the best coin last year, and this year, it’s cheap (around 0.35 USD now after the latest bear run). Ripple is probably the most finely focused blockchain project in the world, and it’s recruited a lot of big players in the global financial industry to go along with it. And now, it’s also a consumer currency that can be used by retail users. When the market leaves behind its current depression, XRP will be one of the coins that will lead the charge.
Stellar Lumens’ XLM
Backed by IBM, Stellar has been gathering a vast amount of new partners that will make XLM a currency that is useful for all kinds of institutions and persons. It was the only token that grew in price during last month, but it’s still very cheap right now (20 cents at the time of press). Stellar is Ripple’s direct competitor, which is hardly surprising as both projects were founded by Jed McCaleb. It’s promising, it’s growing, it has real-life value, and it’s undervalued. It’s an excellent opportunity.
Cardano is one of the world’s respected blockchains, and ADA is one of the best performing tokens because of the reputation they have achieved through an adamant commitment to scientific principles and peer-reviewed research. In this project, the emphasis is on reliability and innovation.
Nothing is ever rushed, and any Cardano technology is deployed only when it works perfectly. It’s been involved in zero scandals. And it’s also cheap. The main reason to trust Cardano and ADA is, quite simply, that they will certainly won’t slip, whatever comes.
You’ve probably not read a lot about DigiByte. Well, let’s start from the beginning: it costs less than three cents right now which gives you the chance to buy a lot of tokens with very little money, that in itself, is worth considering. It’s been a very innovative project, if low-profile, and it presents its technology as faster, more secure, than any other.
It’s been around for four years already, and it’s managed not just to survive but to be a stable presence and value in the cryptosphere. Like in the Stratis case, the lack of bells and whistles shouldn’t deter anybody from considering this asset seriously.
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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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XRP Surges By 8% In A Surprise Bull Run
The new price surge that surrounded almost the entire crypto market brought quite a pleasant surprise for XRP holders, as Ripple grew in price by over 8% in the last 24 hours. In fact, XRP managed to achieve a price surge equal to that of Ethereum as of this morning.
While the third largest cryptocurrency is still quite behind ETH when it comes to market cap, many believe that it is only a matter of time before XRP regains its former glory. With that being said, a lot of people are still more than pleased with seeing Ripple climbing back to more stable levels, especially after a big price drop that hit the coin last week.
The new hike up allowed XRP to climb back to $0.446322. While this is still low when compared to its highest point in the last week ($0.52), the coin still seems to be well on its way to recovery. In fact, many believe that XRP has found a new bottom, one that is significantly higher than the last one. Most of this new success can be traced back to a price surge that Ripple has had recently when it even managed to briefly overthrow Ethereum as the second largest coin by market cap.
Despite its drop since then, XRP still remains one of the coins with the strongest growth in the last month. While the market is still far from stable,…
If Tether crashes, will that money pour into Bitcoin?
For a long time now, the so-called stablecoin, Tether (USDT) has been a topic of discussion within the crypto community.
Tether, as a stablecoin, is said to be fully backed by the USD. This allowed it to be one of only a handful of cryptos that can avoid volatility issues, due to the fact that it is backed by a stable fiat currency. However, for as long as it was around, Tether was very secretive of its bank accounts and funds in general.
While claiming to have the ability to back each of its USDT coins, many have questioned whether or not this can be true. At the time of writing (October 16, 2018), Tether has released 2,256,421,736 USDT in circulation. This means that it needs to have at least $2,256,421,736 in order to cover its circulating supply.
At this point, three questions emerge, and answering them could very well change the future of this stablecoin. The questions are as follows:
- Are all USDT coins fully backed?
- If yes, then where did that much money come from?
- If not, what will happen when the market discovers the lie?
Tether continues to keep secrets
As mentioned, Tether has always claimed to be able to back each of its coins. However, instead of operating on transparency, the coin used different tools, mostly opaqueness, misdirection, and playing the victim whenever someone tried to unveil what is truly going…
Is Bitcoin (BTC) Better Than USD?
Despite all its recent progress, cryptocurrencies still do not inspire trust in a lot of people. Many view them as unsafe money, with its very nature being doubtful. However, a recent report by the Polish Academy of Sciences’ Institute of Nuclear Physics shows that situation regarding cryptocurrencies may not be as bad as it seems. In fact, the report claims that Bitcoin might even be a better currency than it looks like.
Bitcoin vs traditional money
Bitcoin, as many are already aware of, is the first cryptocurrency. It was created a decade ago and was officially launched in 2009. But, even though it has been around for around 9 years at this point, it is still largely mistrusted by a lot of investors, especially when it comes to large institutions.
However, thanks to the Cracow-based Institute of Nuclear Physics’ recent report, this common opinion might actually be wrong. The Institute has conducted a detailed statistical analysis of the BTC market and has published the results in a scientific journal called Chaos: An Interdisciplinary Journal of Nonlinear Science.
Surprisingly enough, the report portraits Bitcoin in a very positive light.
The report started by commenting on the credibility of traditional money. In the past, money that people have been using was backed by specific material commodities, such as gold. These commodities gave the money its value and served as a guarantee that the money actually has worth. This is…
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