Cryptocurrency has recently become a hotly debated subject as its popularity rises, especially with the rapid surge of cryptocurrencies such as Bitcoin and Ethereum. However, there are new players that are showing a lot of promise. One of them is Stratis.
Research also shows that most of the investors who have invested in the major ones such as bitcoin have also invested in other cryptocurrencies. This is because the top ten cryptocurrencies have all been increasing in value. Investors are therefore eager to find new investment opportunities to diversify their digital currency portfolio and Stratis is currently believed to be one of the best upcoming cryptocurrencies to buy right now.
Why Stratis might be a good consideration
The past two or three weeks have been characterized by significant jumps in the value of bitcoin. In fact, its value has risen so much that key people in the industry have warned about the high volatility of bitcoin. The cryptocurrency was characterized by massive surges about a week ago with prices going from below $7,000 to more than $11,000, then declining back to $9,000. However, the price went back up above $15,000.
This kind of volatility is one good reason for investors to look into another cryptocurrency that shows a lot of promise. Ethereum would be a good alternative but it has also been having its fair share of problems such as the lack of adequate security which led to the DAO hack. However, Stratis employs a secure network and its pricing has also exhibited growing strength.
The main reason why cryptocurrencies came about is to facilitate easier monetary transactions on the internet. For this reason, it is important that a digital currency is stable just as the same case applies to regular legal tender. This is especially important for those transacting regularly via the internet. A rapid depreciation in value for example for Bitcoin could lead to a significant loss of revenue.The value of Stratis has been relatively stable especially compared to its more popular counterparts with the prices being pushed down when the value goes up too high. The price has, for the most part, remained below $10.
The programming language
The programming language used to create a cryptocurrency plays a significant role. Ethereum requires a complex coding language and this has been one of its biggest downsides. Fortunately, Stratis is written in C# which is a programming language that is popular.
Sidechains or smart contract
Most cryptocurrencies such as Bitcoin have a lot of limitations when it comes to sidechains. The latter refers to a mechanism that makes it possible for tokens to be securely taken from one blockchain, used in a different blockchain and then returned to the initial chain. This is especially tricky when it comes to the coding. Customers want a solution that ensures the safety of their tokens and Stratis particularly shines in handling sidechains.
New generation digital currencies
While cryptocurrencies are relatively still in their early stages, the newer cryptocurrencies such as Stratus have more comprehensive features that make them more attractive compared to their older counterparts.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of Jim Makos via Flickr
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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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