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SALT Coin Hits Retracement Target After 55% Gains

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SALT coin
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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.

For the global insights every crypto trader must have, apply for Elite membership!

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

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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