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Tron, EOS, Litecoin: Top bets despite the market being shaky currently

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TRON EOS Litecoin Top Bets
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The cryptocurrency market seems to be going down one more time, but actually, that’s something not that worrying considering the fact that cryptos always find a way to go up again. The behavior of the virtual coin industry is always fluctuant, a point of which many take advantage of and play some great cards while there is an opportunity available.

That can be especially the current panorama in the industry. While many are worried about what’s the fate of the cryptos leading the charts, others are thinking strategically and are taking a close look at the best tokens to put their bets on. If that’s your case, then you don’t need to worry that much, following we will recommend you the best 3 cryptocurrencies to exploit while the market is being a little shaky. Let’s take a look!

Tron (TRX)

The TRX token has been a lot under the spotlight lately, and nothing is more accurate than that. This is definitely a coin to watch, it managed in just a couple of months to triple its price from the $0.03 against the USD to the number of $0.09 the unit, and that’s not even the highest value reached by the coin.

Besides, the CEO of the company, Justin Sun, has been working tirelessly building up a robust platform, as well as solid partnerships with some of the most relevant financial companies. Like this, it has managed to create a network highly scalable and secure.

The company is about to launch its Mainnet at the end of the month, and this change promises great possibilities such as migrating from Ethereum protocols. As the company unlinks from Ethereum, it is expected to gain value in the next days. The current price of the token is $0.070 per unit, but the experts forecast the value of the coin reaching the $2 or even more in less than five years. The same way, Justin Sun himself has said he expects the token becomes a top 5 crypto shortly.

EOS

The EOS token is moving fast in the crypto market; in fact, it recently took the well-valuated position of the 5th place in the top 5 chart of cryptocurrencies. Ever since the coin was launched in the market, it has shown an astonishing behavior, a fact that started with the deployment of an airdrop that slingshotted the token to the value of $5.5 against the US dollar.

Just like Tron, EOS will launch its mainnet very soon, having the launch of the update on June 2, the day on which the ICO will be finally closed. The current price of the coin is $13.2 per unit, with a +4% increase in the last 24 hours. However, it is expected that the currency starts a bullish movement right after the launch of the mainnet.

Litecoin (LTC)

Finishing the list, we have Litecoin (LTC), a token that despite being currently suffering a dip still has so much to promise to its users. Recently it was announced that the coin would be added to the lists of the exchange platform Gemini, one of the most critical exchanges at the moment.

In addition, the platform for free transactions, Abra, showed its support to the coin not so long ago, a fact that would grant the token with an appearance on the Abra net. Currently, the coin is valued at a price of $138, and it has decreased in value by 0.88% in the last 24 hours, occupying the 6th number in the charts right after EOS.

Even though the coin shows some bearish movements in the last days, experts forecast it may be hitting the moon with a rise in the coming months. And not just LTC, each of the coin featured in this article is expected to hit the moon soon now – so current market-fall is a good chance for strategic crypto investors, it’s the high time for investors to bet on these!

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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.

Image courtesy of Okan Buruk via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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…

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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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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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