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Top 3 Promising Cryptos Under $5

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top 3 cryptos under $5

2019 has brought another change to cryptos, and the crypto winter seems to finally be at its end. The prices of many cryptos are already recovering, including Bitcoin, which finally managed to grow past the $4,000 mark and turn this level into its strongest support.

However, Bitcoin and most other top coins are simply too expensive for an average investor, and many who are just arriving at the crypto space are wondering whether or not there are other coins which might be a worthy investment. Of course, the coins would still need to have a future, and something to hope for — something which might ensure their success some day. We believe that there are several such coins already in the market, with three of them being so cheap that you can get a decent number of them even if you can only spare $5 for your initial investment.

1. Stellar (XLM)

The first such coin, with its price well below $5 is Stellar (XLM). This is a project that aims to provide regular people with the ability to quickly and instantly make international payments, at low fees and with transactions being processed and completed as soon as they are made.

Stellar chooses to offer its services to regular traders and investors, unlike its biggest rival, XRP, which opted to offer its products and services to banks and financial institutions. So far, Stellar has been one of the fastest coins in the crypto market, but its price still remains relatively low, with only $0.10689 per coin at the time of writing. Its use cases are much-needed in this day and age, and that will surely remain true in the following years.

2. Basic Attention Token (BAT)

Next, we have BAT, which comes in combination with Brave browser. BAT is a coin which aims to change the way advertising works. So far, companies that wanted to offer their products to a wider audience needed to pay massive amounts of money to companies like Google, Facebook, and alike. They depended on these companies’ reach, as well as their efforts to advertise their products.

BAT and Brave hope to change that, with Brave blocking all online advertisement by default, and providing people the opportunity to watch ads of their own free will. To give them an incentive, each ad they choose to view will grant them a certain amount of BAT token. This will basically take power from major corporations that are currently holding a monopoly on the web, and allow companies to connect directly to their customers, and gain valuable feedback in return.

Currently, BAT price remains low, only $0.231500 per coin. However, this is likely to change in the following years, as Brave acquires more users and expands its reach even further.

3. Steem (STEEM)

Finally, there is Steem — a coin that features its own social media platform, Steemit. Steemit is a social media platform for bloggers, which allows people to express their thoughts and feelings, share images and videos, and get rewarded for posting content that the community likes.

It is similar to Reddit in a way, with the biggest difference being the fact that each upvote will grant you a certain amount of money, donated in crypto. You can also get money for commenting on other people’s posts, and even by upvoting other posts and comments, thus contributing the platform by pointing out the best quality content and community members.

Steemit is considered to be one of the platforms of the future, while STEEM has the potential to dominate an entire group of social media dApps, such as Steemit itself, Dtube, and many others. Meanwhile, STEEM price remains quite low as well, currently being at $0.452716. However, in the future, as more people start turning away from centralized platforms like Facebook and YouTube, Steemit and other members of the Steem dApp family will likely be the best alternative, and the increased usage will launch STEEM price to the moon.

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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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Livepeer Price is Soaring: Here’s Why it Will Recoil Soon

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Livepeer

Livepeer price drifted upwards on Friday as investors moved to video-focused tokens. LPT price soared to a high of $10.3, the highest point since November 8 of this year. It has jumped by more than 164% from the lowest point in December. 

What is Livepeer? 

Video is a major industry that is currently dominated by large centralized platforms like Vimeo and YouTube. These platforms work well because of the vast amount of money the companies have invested in video infrastructure. 

However, some industry players believe that the industry is ripe for disruption using the blockchain technology. Some of the leading players disrupting the video industry is Livepeer and Theta Network. Instead of relying on centralized servers, these networks rely on thousands of distributed servers.

The network works in a relatively simple approach. The video broadcaster comes up with a video content and then distributes through a distributed network. 

Livepeer has been used to build several decentralized video platforms in the industry like Xeenom, Bonfire, Kavarii, and LiveSpace among others. For example, Lenstube is a decentralized and open-source video-sharing social media platform while The Lot Radio is an independent online radio that streams on a 24/7 basis.

However, there are concerns whether Livepeer and similar platforms are needed in the first place since centralized ones like YouTube, Rumble, and Vimeo work just…

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Solana Price Forms Triple-Top as DeFi and NFT Volume Soars

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Solana price has formed a bearish chart pattern as Solana’s ecosystem makes a stunning comeback. SOL/USD was trading at $24 on Friday evening, which was a few points below the year-to-date high of $26.50. It has soared by more than 206% from the lowest level in 2022.

Solana DeFi volume rebounds

Solana TVL

Solana, once a popular blockchain, came under intensure in November, following the collapse of FTX and Alameda Research. In addition to FTX Token, it was the most exposed cryptocurrency in FTX since the company was one of its key funders.

FTX and Alameda also had a major role in Serum, then the biggest DeFi protocol in the ecosystem. Serum made it possible for investors to earn yield in Solana. Serum collapsed because its public key was controlled by FTX. 

In the aftermath of this collapse, Solana saw its total value locked (TVL) plunge from more than $12 billion to less than $400 million. Serum, which had a TVL of more than $1 billion has collapsed. And in its place, the developers are working on a new product known as OpenBook. However, it has not gained much traction as its TVL stands at $4…

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Ethereum Price Outlook as the DXY Index Crash Continues

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Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the biggest cryptocurrency in the world, rose to $23,165, the highest level in months. Similarly, Ethereum has risen by more than 4% in the past 24 hours while BNB Coin and XRP surged to $307 and $0.41, respectively. 

US dollar index retreats

Cryptocurrencies have an inverse relationship with the US dollar index. For example, the DXY, which looks at the performance of the greenback vs other currencies, soared to a 20-year high of $115 in 2022. As that happened, cryptocurrencies like Bitcoin plunged during the year.

The foundation of this relationship is the Federal Reserve. In most periods, the US dollar index tends to rise when the Fed is extremely hawkish and vice versa. And it was extremely hawkish in 2022 as it hiked interest rates by more than 400 basis points. 

Therefore, while the Fed has remained hawkish recently, the US dollar has dropped because of what the data is saying. Data published recently showed that America’s inflation is easing. The closely watched consumer price index dropped to 6.5% in December while core inflation fell to 5.7%. 

At the same time, other parts of the economy are showing that the American economy is indeed recoiling. Retail sales dropped sharply in December while many…

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