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Top 3 Reasons To HODL Binance Coin (BNB)

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After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy of HODLing than other coins. HODLing is still considered to be the best strategy for successful investments, and here are top 3 reasons why you should hold on to your BNB, even if you bought it back when it was much cheaper than it is right now.

1. It was created by Binance

Binance is the largest crypto exchange by trading volume in the world. This makes it the most popular exchange out there, and it serves quite a large part of the world. The exchange developed BNB to be its main token, a base for its platform, its blockchain, as well as its other projects, such as Binance Launchpad.

Lately, it appears that Binance is making all the right moves, which allowed it to reach even further and gain millions of customers. As its native coin, BNB has been extremely successful up to this point, and there is no reason to assume that this will change anytime soon.

The coin is already highly beneficial to the exchange’s customers, as it provides a massive 50% trading fee discount for those who use it. It has numerous trading pairs, and as long as Binance continues doing right by its users, it is likely that BNB will remain a star within the crypto space.

2. Binance brought fiat-crypto transactions

Converting cryptos to fiat currencies is still not an easy task to do. It’s not that it is particularly hard, but most exchanges do not allow a lot of coins to be exchanged for fiat currencies and even those that do typically go only for Bitcoin. Binance aimed to change that with its CEO, Changpeng Zhao, stating that the exchange did not offer fiat gateways, and instead, it relied on others to do that.

However, Binance wanted to change this and make it easier for fiat currencies to enter the crypto space — as long as they have regulatory approval. Back in January of this year, Binance finally did so by launching Binance Jersey — a secure, reliable exchange for exchanging GBP and EUR for Bitcoin and Ethereum in Europe and the UK.

The exchange also hopes to have at least two crypto-fiat gateways on every continent in the following years. BNB token managed to benefit from this decision as well, as the launch of an exchange that targeted specifically European markets brought even more customers to the exchange’s ecosystem, expanding its reach that much further.

3. Binance DEX

Finally, there is Binance DEX, which will run on Binance’s own blockchain. The exchange is currently developing both, with hopes of having them go live soon, potentially in 2019. Announcing a DEX has shown how advanced Binance is when it comes to planning for the future, and how confident it is in the crypto space.

As the world shifts away from centralization, Binance is leading the charge, when most other exchanges would attempt to halt this progression. This is why Binance is still the largest exchange out there, and a favorite of millions around the world.

It goes without saying that BNB will be the DEX’s native coin, and a base cryptocurrency for all transactions, likely with the same benefits as it brings on the exchange’s centralized version. As soon as the DEX goes live, people around the world will rush to it. Their first step will be the purchase of BNB, and the coin is bound to skyrocket when this happens. This is more than a good reason to buy the coin now and HODL for as long as it takes, as it is unlikely that it will stay low-valued for much longer.

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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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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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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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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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