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Stellar (XLM) Has Edged out EOS from the Number 5 Spot on Coinmarketcap. Is XRP next?

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Stellar
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The last 24 hours have been a tumultuous time for the crypto-markets. We have seen our favorite digital assets literally nose-dive in value and in front of our eyes. Many traders have cashed out completely. Others have cashed out temporarily until the storm is over and as they look out for the strong coins and tokens to present themselves in the markets. One such coin is Stellar (XLM) and it has edged out EOS (EOS) from the number 5 spot according to coinmarketcap.com.

The total market capitalization of XLM at the moment of writing this stands at $3.992 Billion and that of EOS is at $3.936 Billion. A good $56 Million in value stands between the two currencies and only time will tell if EOS will respond to the level of stability showcased by XLM during the current time of turmoil. A better picture of the current situation at the top 6 can be seen below.

XLM edges out EOS on coinmarketcap.com

Next in line for XLM is Bitcoin Cash (BCH) that has dropped to levels only seen when it was released just a year ago. Many are saying it could get worse for the coin but it would take a halving in value for XLM to zoom past BCH on coinmarketcap. This means that BCH would have to drop to under $300 for this to happen or XLM would have to double in value. The latter situation is highly probable given the resilience of XLM.

What about XRP?

John Bollinger, the inventor of the Bollinger Bands used in the technical analysis of both traditional and crypto markets, had expressed his concerns about the rapid decline in value of XRP in the markets. He had noted that the digital asset had dropped in value by 90% since its impressive bull run of January. According to him, the time was nigh to see signs of longtime HODLers folding and selling all their XRP.

One of the major factors that might accelerate the decline of XRP is the current SEC scrutiny as to whether the digital asset is security or not. The second factor is the pending lawsuits against the Ripple company that claims the firm issued an unregistered securities sale.

Looking at XLM, it has been good news after good news for the project and coin. We have had news from its partner, IBM, that hint towards massive adoption of the Stellar blockchain on a grand scale. There is also the possible addition of XLM by Coinbase. This fact means that the American exchange prefers XLM over XRP due to the pending court cases and SEC scrutiny. The future is bright for XLM.

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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

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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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