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SALT Coin Hits Retracement Target After 55% Gains - Global Coin Report
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SALT Coin Hits Retracement Target After 55% Gains



SALT coin

The announcement by SALT coin to accept Litecoin (LTC) as collateral in their blockchain lending platform led to an explosion in the price of their ERC-20 token. In a 24 hour shake-up that rocked the altcoin market just before the weekend, this crypto-lending favorite rose over US $0.82 on Friday morning. SALT (SALT) shot up 55% overnight while the rest of the market stagnated in a prolonged malaise. The announcement was made on the SALT (SALT) platform blog Thursday.

The SALT Lending platform allows users to make real-world expenditures without losing potential gains from their cryptocurrency holdings. By allowing fiat loans backed by crypto-assets, SALT coin aims to bring needed liquidity to the market. While traditionally allowing loans backed by Bitcoin (BTC) and Ethereum (ETH), the addition of Litecoin (LTC) will likely bring a multitude of hodlers to its service. Litecoin (LTC) enthusiasts are understandably anxious to benefit from their accumulated stockpiles of yester-years crypto-darling.

Litecoin (LTC) has benefitted recently from a number of articles surrounding its acceptability. As reported by Forbes, Litecoin (LTC), along with Ethereum (ETH), may soon be traded in the futures markets. While investors are excited by the potential for upward price movement related to this development, it is easy to point out that futures trading did not help stem the losses of Bitcoin (BTC), which subsequently fell over 60% from its highs late last year.

Litecoin (LTC) is gaining in usability and is now accepted as payment for a variety of goods, from luxury cars to gift cards. Founder Charlie Lee recently purchased an Amazon gift-card with Litecoin (LTC), and quickly tweeted the transaction to the delight of followers and enthusiasts.

SALT coin announced a few other changes to its service along with the addition of Litecoin (LTC) as acceptable collateral. The platform now offers USD loans at a 5.99% interest rate (for loans less than US$75,000) and has removed the cap on maximum loan amounts. Having expanded their reach into 15 additional US jurisdictions, the company is gaining trust with a serious investor community that includes individuals, mining operations, exchanges, and blockchain institutions. According to their blog, “This rapid expansion of services comes on the heels of our 20-state expansion in August, bringing us closer to our goal of being fully operational in all 50 states.”

SALT (SALT) was founded in 2016. The lending platform launched in 2017. Having peaked with a price of US $17.68 in late December of 2017, the past months have been a bit more harrowing for their investors than for the typical Bitcoin (BTC) hodler. However, as the general market stabilizes, and the SALT (SALT) platform expands, the potential for gains may again be realized for the properly positioned investor in a brand new crypto-market.

The current price of SALT coin has fallen from it’s high Friday morning, retracing to its current value of approximately US $0.65. This marks a nearly perfect 62% Fibonacci retracement and will signal a buying opportunity for investors waiting for the right opportunity to jump in.

If you missed the recent announcement and were hoping for the right opportunity to add SALT coin into your portfolio, now may be your best chance.

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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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Top 4 Cryptocurrencies to Bet on in 2019



top 4 cryptocurrencies

The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore




With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?




XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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