Connect with us

Blogs

August top crypto bets: Stellar, Cardano, Ethereum Classic, and Vechain

Published

on

Stellar Cardano Ethereum Classic
READ LATER - DOWNLOAD THIS POST AS PDF

The market has been slow for months now, and while we all know it will recover and take off, we have no idea when that will happen. So in the meantime let’s have a look at five best cryptocurrencies that, because of their particular features, could do well this month while the rest of the market keeps losing value.

Four of these coins have one thing in common: Coinbase. Our first four picks are all either listed or considered for listing at Coinbase and that fact alone, because of the vast user base that platform boasts and the incredible amount of demand it creates for currencies, is enough to take them seriously this August.

Bitcoin

There are 1500+ cryptocurrencies active in the world today, and many of them are incredibly exciting. Bitcoin is not only the coin that made the cryptosphere happen. 

It also is the market’s leader. When Bitcoin does well, every other currency does well, and when Bitcoin does poorly, every other token follows suit (as you can see exactly that happening right now). If the market shows any signs of recovery, it probably will start with Bitcoin. Additionally, it happens that Bitcoin is currently undervalued so even in a bearish market, it’s expected to recover at least until a point.

Stellar Lumens’ XLM

This currency has secured many important partnerships over the last couple of weeks, its transference rate is increasing a lot, tariffs are low, IBM backs it, and it’s useful as a bridge to settle international payments as it is as a retail token for consumers. 

That kind of versatility guarantees uses and increases demand. It was founded, and it’s still led by Jed McCaleb who also founded Ripple (XRP) and has shown his competence at managing blockchain projects. If that’s not enough to persuade you, XLM was the only coin that increased in value during July.

Cardano’s ADA

This is among the most serious projects in the crypto world. This month will see essential and innovative updates in big chunks of Cardano’s network that will increase performance, reliability and other features. Also, Cardano works very hard in ADA’s adoption.

Yes I, know, you probably had not noticed that at all. That’s because Cardano is not trying to get ADA adopted in Europe, or the Americas but in Africa and Asia because the lack of regulation and bad quality in local financial services make of those regions of the world places in which penetration can be quicker and more in-depth and more useful than anywhere else in the world. 

It’s also worth it to keep in mind that Cardano’s current success has had nothing to do with marketing because they have not done any. Imagine what will happen when they do start their marketing campaign which is scheduled to begin soon.

Ethereum Classic

The main thing about this one is that it’s scheduled to go live on Coinbase Pro this week (as I write this, as a matter of fact) and that Robinhood now supports it. Those two new demand sources are enough to pump any coin up, so there’s not much more to say.

Vchain

Surprised? Vchain is a very young, and relatively low profile, blockchain project that already has some impressive triumphs in its belt. Their killer app is for streamlining airport check-ins in a way that, by the magic of cryptography, the reputation of every passenger’s papers is checked against a distributed database without actually revealing any personal information at all. Also, this project awards hodlers with new tokens just for hodling so, even if it doesn’t rise in price, you’ll end up with a few new tokens.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels.com

Altcoins

Analyzing The Best-Performing Cryptos

Published

on

cryptos
READ LATER - DOWNLOAD THIS POST AS PDF

Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

Continue Reading

Blogs

Is Tether (USDT) really a stable coin?

Published

on

Tether
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

TRON Partnership Involves Cloud Computing

Published

on

TRON partnership
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite