Connect with us

Altcoins

Stellar News: XLM To Dominate Cross-Border Payments

Published

on

Stellar news
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency experts from all corners of the world agree that right now is the best time to buy Stellar (XLM). While the latest market behavior was far from perfect, and prices of many coins have dropped, cryptos like Stellar are extremely undervalued at this point.

At the time of writing, top cryptos are trading in the green, which might mean that the situation is getting better. Stellar’s current price is at $0.226430, with 2% increase in the last 24 hours. Despite the fact that this is far from a real bull run, analysts agree that the real price surge is bound to arrive sooner or later.

Recent Stellar news claims that this XLM price does not match its fundamentals, which places Stellar in a perfect position for growth. This is due to its nature, as well as the ultimate purpose for which the coin was designed.

What makes Stellar special?

Just like Ripple (XRP), Stellar also aims to revolutionize cross-border payments, and make them faster, cheaper, more efficient, and possible at any time of day or night. The largest difference between the two is that Ripple is focusing on providing its services to banks and other financial institutions, while Stellar aims to deliver the same to individuals.

In addition, Stellar has partnered up with IBM a while back, and IBM offers its own services to around 97% of the global banking system. In short, by partnering with IBM, Stellar also has a unique opportunity to get access to other IBM’s partners as well. Not only that, but IBM’s international payments solution allows these banks to settle any payment in fiat currencies, and not only Stellar.

This is a very big deal for banks since most of them are not ready to start working with cryptocurrencies, either due to laws in different countries or because of their own policies. Because of that, banks are more likely to go for those solutions that do not force them to deal with cryptocurrencies.

Recent Stellar news also claims that Interstellar is making game-changing moves, that are expected to make this coin’s blockchain even more interesting and attractive to banks and financial institutions. Some reports mention payment channels that plan to introduce new features, such as interoperability, privacy, and scalability. Privacy has always been an important issue when it comes to finances, which is another very important advantage for Stellar.

Scalability and interoperability are also very important. In the finance industry, thousands upon thousands of transactions are made every second, and Stellar’s system is making big steps to always be able to instantly satisfy the industry’s needs.

All of this points out to a massive use case for Stellar, which likely means that this is a coin that will never go away. As such, it can only grow as time progresses. For this reason, investors believe that buying the coin while it is cheap might bring them significant gains in the future.

The finance industry is a market with a worth of trillions of dollars. The coin that dominates this market will be the largest one in the world, and XLM stands more than a good chance to be that coin.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up 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.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite