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Stellar plans to tackle down Ripple and Ethereum with its Lumens (XLM)

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Stellar (XLM) has been giving a lot to talk about in the cryptocurrency world lately, each and every one of its initiatives is becoming a boom in the market, to the point where now the company seems to be on its way to diminish the outstanding works that other crypto companies have been making till today.

Perhaps that could be the case of some of the most consolidated companies like Ripple or Ethereum, which actually could be at high risk after Stellar deployed its bold move of partnering with IBM; a deal that might grant them the adoption of its lumen on all of the central banks around the globe.

Still, it is early to determine if that would be the final result, but if so, not only would be a very serious competitive ambush for companies like Ripple, it would also make the price of Stellar grow significantly.

Furthermore, if we rewind a little bit the time we can see the event that set a milestone back in January when the $39 million ICO, Mobius, chose the Stellar network over the one of Ethereum. At the moment the decision responded to the Ethereum security and scalability problems, a great risk that, of course, the Mobius project couldn’t allow to run.

Consequently, the confidence vote was then for the Stellar platform, a deal that surely promised to increase the number of Dapps later; and as we can see right now, the promise was absolutely authentic.

Like this, now the concern goes to the Ethereum investors and developers regarding the smart contract decisions Stellar is making, would it be possible for the company to conquer its customers again? The task now doesn’t look that simple.

What’s more, recently a migration wave has started among the Ethereum clients, which in search of a more secure platform, are moving to the brilliant smart contracts platform of Stellar.

The movement started with the Kin foundation announcing they were adding Stellar as a second platform, a fact that, on many levels let it clear that the Stellar network is simply a better blockchain; and this is not surprising at all, Ethereum appears to be dealing with lots of issues from long ago now – and what’s worse, the solutions haven’t been determined yet.

Similarly, another blockchain project has decided to migrate to Stellar, in fact, a week ago the project Heir chose to take a try into the platform of the company, and the results were beyond the expected – which proves that every time developers turn to it, they are more grateful for how valuable the platform is for smart contracts.

This way, it is highly expected that similar actions are taken by other companies in the sector, and this is something Stellar plans to exploit, in fact, the company is currently working on other projects for its customers already.

So concluding, how does the future look for Stellar? Well, all the investors can expect a great increase in the value of the company, while more and more projects are created, and as is happening, more and more companies embrace it, the result would be an incredible growing behavior.

The whole market is a little stuck now, so doubtlessly the best option is to look for a coin with a looking-good future and place a bet on it, and guess what? Stellar (XLM) could be that bet you’re chasing.

We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!

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 Dr. Wendy Longo via Flickr

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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Altcoins

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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