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

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Stellar Cardano Ethereum Classic
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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.

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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