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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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