In modern days, people are more interested in moving towards the digital eco-system. From, monetary transactions to financial investment, all are going paperless. The most promising addition to the digital payment sector is the cryptocurrency which is considered as a medium of exchange like other normal currencies. Bitcoin was the first decentralized cryptocurrency and it was first introduced in 2009. Recently, the reputed technology companies and the major banks have started investing their money in the promising cryptocurrencies like Bitcoin and Ethereum.
Recently, Tron and Steller are in the news and it’s the most exciting times for the investors who are thinking of investing in both TRON (TRX) and Stellar (XLM). According to the cryptocurrency market analyzer, the future of these two coins seems brighter. Although, this is the good news for the investors who have both Tron and Stellar coins on their portfolio the current picture gives a slightly different outlook. The value of the native currencies plays a pivotal role when we put a comparison between the two coins. Thus it would be wise if we focus on the cryptocurrency market outlook for 2018so that it will prove beneficial for the cryptocurrency investors who are looking forward to Q2.
Stellar vs. TRON: The Major Differences
TRON is a decentralized platform that uses blockchain technology. This coin is popular among the cryptocurrency investors it provides the secure infrastructure that is necessary for sharing the entertainment contents. TRON aims to become the top platform in the entertainment ecosystem. Its partnership with BitGuild is thus become a major news in the Cryptocurrency market. TRON provides users the opportunity to securely publish data, store and own data without the help of any intermediaries. With the notion of a decentralized entertainment concept, the team behind the coin ensures that it remains in the top in Q1 and will continue it in Q2. The cryptocurrency market analyzers expect the TRON (TRX) coin burn on the 31st March. A few days ago, TRON, founded by Justin Sun, topped the trading charts on Koinex, a cryptocurrency exchange in India. The current traction is generally the best for the investors to get involved.
On the other hand, Stellar is an open –source cryptocurrency that basically offers a platform for distributed cross-border payments. This block-chain based product aims to connect the individual and their payment systems. The coin founded by Jed McCaleb focuses to involve blockchain technology in the banking system. Thus, they offer faster and cheaper network transaction through the XLM coin. One of its biggest partnerships is with the IBM blockchain, one of the major tech firms.
Stellar outshines TRON in H2H chart
Stellar ranks 8th on the coinmarketcap.com with a market cap around $ 4.4 billion and a total supply of 103 billion Lumens, whereas, TRON, that ranks 12th has the market cap value around $2.9 billion with a total supply of approximately 100 billion TRX. Here, Stellar appears to be more profitable while TRX has seen a downtrend as it loses 5.03% against the US dollar. Stellar, on the other hand, has seen a surge rising 5.27% against the USD and 6.05% against BTC. As of 28th March, 2018 Stellar traded at $0.220157, its 24h trading volume $ 30,921,600 whereas TRON traded at $0.044806 against 24h trading volume of $262,732,000.
XLM vs. TRX: the Coin You Should Prefer
According to the Cryptocurrency expert predictions, Stellar has the brighter future compared to the TRON. However, XLM may face some serious competition from cross-border payment platforms and Smart Contracts. The two things generally strengthen the future of Stellar its partnership with IBM Blockchain and the expected Lightning Network upgrade. Another important factor is that IBM is already using Stellar Lumens and there is much more coming out in Q2, 2018. The biggest news is that Central Bank Digital Currency (CBDC) will soon be launched on the coin Stellar. Stellar Lumens are used as the primary currency that builds a strong bridge between IBM clients and its UPS or Universal Payment Solution. Thus, there is a huge possibility that Stellar can reach the highs of $ 1 by Q4 2018. The best option is you should buy them now and hold it for the future.
On the other hand, TRON has an exciting future ahead and the upsurge may be seen from the beginning of Q3 2018. At this moment it is under some heavy pressure because of the price of BTC stalling. However, the investors can anticipate a spike in buying because of the high 24h trading volumes. Thus, it is certainly an ideal time to buy TRON as it seems to have a huge possibility in near future. According to the future predictions made by the experts, TRON could reach a high of $0.5 by the end of 2018. This prediction actually depends on the success rate of the testnet and the Main-net that will come forward from 31st May 2018. A bullish run may possible after these two major events. The success of BitGuild partnership will also play a crucial role for TRON. The dates between April and June seem to be an interesting period for TRON coin holders.
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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 Stewart Baird 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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