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Stellar Lumens XLM Vs Cardano ADA: What Blockchain is best suited for your portfolio?

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Stellar Lumens

Choosing the best investment projects for your portfolio can be a daunting task especially since most Blockchain projects are built with unclear objectives and roadmaps. Granted, there are some Blockchain projects that are changing world industries by introducing Blockchain’s capacity for interoperability, immutability, and transparency. However, how do you settle on the most promising projects to make sure you make a return on investment? Well, Cardano and Stellar Lumens are some of the most promising but mostly overlooked cryptocurrency projects. Plus they are fundamentally different with potential for growth in the coming years. Here is a comparison of what each of the projects offers.

Ease of Adoption by the masses

The rate at which a coin is being adopted by the masses affects (to a large extent) the price appreciation and growth of that coin. Although Cardano’s IOHK has made strides towards enabling fast adoption by securing essential partnerships with governments and leading institutions in various industries, Stellar Lumens takes home the title of easily adaptable cryptocurrency. The reason for this is simple. Stellar Lumens is used for cross-border payments and currently, their partnership with IBM is fast-tracking XLM’s adoption. Furthermore, XLM has also partnered with Register and SatoshiPay, giving the Lumens an edge over ADA in terms of adoption.

Development of the project

In terms of platform development, Cardano takes the first position since it boasts of a peer to peer review approach that is based on scientific philosophy. This has helped the Cardano Blockchain become one of the most progressive projects in the crypto space. Meanwhile, Stellar has remained focused on enabling the acceptance of its cryptocurrency worldwide. On the flip side, even though Stellar Lumens platform development does not have a wide scope of potential application like the one at Cardano, Stellar’s laser focus approach enables faster platform development than Cardano’s.

Performance in the market

There is no easy way to compare Stellar Lumens and Cardano in terms of price performance since they rank at position 8 and 7 respectively on CoinMarketCap. While Stellar Lumens is built to make cross-border payments fast, reliable and affordable, Cardano is an open source Blockchain platform with smart contracts similar to what Ethereum offers. Both cryptocurrencies are priced almost at the same price mark with Stellar Lumens featuring slightly higher price according to CoinMarketCap as of this writing.

The versatility of the Blockchain

Cardano boasts of being the more versatile of the two Blockchain projects simply because it offers smart contracts that allow anyone to build their own Blockchain applications on top of the Cardano Blockchain network. Plus, Cardano comes with its own wallet and features a unique proof of stake algorithm called Ouroboros. On the other hand, although Stellar Lumens is also an open source platform that allows anyone to build their own applications, it does not provide as much versatility as Cardano

Conclusion

Both Stellar Lumens and Cardano (even with a unique set of features) have the same objective of improving Blockchain’s capabilities. Each of them has a lot of competition to deal with as well. For instance, Cardano’s main competition includes Ethereum, NEO, and EOS while Stellar Lumen’s main competitor is Ripple. Basically, both projects are promising, but it’s always recommended to do your own due diligence before diving in to invest.

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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.

Image courtesy of Pexels

Altcoins

Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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