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Status (SNT): A “Small” Coin Talk

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SNT
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SNT, otherwise known as Status coin, might be a small coin. But, with over a thousand of different tokens available on the market, small coins may mean big opportunities. In case you have forgotten, Bitcoin used to be “small” as well – and look at it now! Bitcoin reached a price so high that people are actually losing big money every time this coin experiences a decrease or two in a row. To keep up with SNT and opportunities behind it, we are writing up everything you need to know about this digital token.

A couple of words on SNT

Before investing in any coin, always make sure you know what you are investing in – that is after all why it is always good to know what coin you are dealing with. The main idea behind SNT is establishing easy communication between two parties. SNT is actually a part of Ethereum network and it serves its purpose for allowing all members of Ethereum that are using this token and its application to easily communicate. Within SNT all members have full access to chat options, messaging, making transactions and easily communicating.

So, instead of choosing to go for WhatsApp or another similar app, you can fully rely on using SNT for chatting or messaging with the Ethereum platform.

As you already know, Ethereum is one of the leading platforms with different tokens supported within this decentralized ecosystem. Having SNT existing within this platform and being used on Ethereum probably adds to the value of this coin.

What makes Status stand out from classic messaging apps such as WhatsApp, is its encryption and safety. Since SNT is fully encrypted, existing on top of Ethereum’s blockchains, this token is everything you need for establishing privacy within your favorite decentralized platform.

As a great addition, SNT has peer-to-peer protocol and it is also planned to enable working with smart contracts within this token and its neat interface. The interface is made to be user-friendly, so you are able to access and browse information on all your transactions as well as having the option to chat and send messages to the chosen parties.

SNT: Sell or Buy?

Definitely, buy! Status is one of those small coins that still have the potential of becoming one of the few coins that could be worth a lot. This is especially the case if you add the fact that this token exists within Ethereum. That fact definitely adds up to its value.

With all announced features SNT developers are planning on incorporating, this token could potentially hit the price of 1$ by summer 2018. In case the changes are applied soon, with having all those changes functioning properly, this jump in price might occur even sooner.

The thing that makes a coin desirable might probably be its features as a primary source of interest. If you know that a coin could allow you to make fats transactions while at the same time being able to access easy and real-time communication, your attention is probably bought!

The second thing that might buy your affection and make you buy a coin is its functionality – if a coin is working properly, with no loops or bugs hidden somewhere in its blockchain base, then that coin might be worthy of attention.

SNT most definitely has a promising background that makes us conclude that now is the perfect time for investing in Status.

Another thing that makes this coin a great investment is its price – the price is still low, going under 0.2$, so you can easily buy lots of these at a fair price and hope that then predictions for SNT will turn out to be true.

What Could Happen to SNT?

As it is now, SNT is doing pretty well. Yesterday, on February 5th, this token traded on all major exchanges at the price of 0.21$. After having a selloff, this token is now worth 0.18$ after having a decrease of -13% against the dollar.

As far as the price against ETH and BTC concerned, SNT has experienced increases against these two currencies, having been increased for nearly 2% and 6.8% against ETH and BTC.

The decrease probably represents the result of having SNT being widely sold, but still, this coin is doing pretty well with only a single decrease in the past couple of days.

If anything, the latest price makes this coin even easier to purchase within bulk investments.

Also, you need to remember that the market demand also dictates the price of a coin, so the more people are buying a certain coin, the greater its value is. If you take into consideration that this coin is a part of a greater more stable network, Ethereum, adding all plans the developers have for SNT, this coin might soon become one of the most promising coins currently circulating the crypto market.

To conclude the story about Status Network, SNT, if you are planning on investing in this crypto token, it’s better to do it now than late.

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.

Image courtesy of coinmarketcap.com

Blogs

Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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Blogs

TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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Bitcoin

Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?

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Ripple
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Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

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