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VeChain (VET) Gets another Listing: Live Trading Begins on Zebpay

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VeChain
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VeChain (VET) makes up for one of the most interesting assets in the market in accordance with serious investors, and so we can see it progressing steadily towards being massively adopted. Moreover, VET is collecting new listings as well, that way consequently increasing its exposure, which all together might soon lead it to the moon and back to its record price of over 8$ per one unit. Let’s see how VeChain has been doing these days as well as well as to reflect on its latest listing.

VeChain Gets another Listing: Zebpay Announces Live Trading

Zebpay has announced on their official Twitter page that the live trading of VeChain will start on Zebpay on May 22nd, which is set for today at the time of this writing. A couple of days before, Zebpay has announced that they are going to list VEN, which is now being rebranded to VET since the launching of the VeChain Thor.

Zebpay makes up for one of the most popular exchange platforms in India and as such represents one of the largest crypto exchanges in this country. Zebpay offers low fees with only 0.1% charged in trading fees, while it also offers an easy-to-use application to its users.

All users can take advantage of peer-to-peer trading with Zebpay app, which is available for smartphones. The mobile app offers a simple user-end interface with extreme functionality alongside with offering Zebpay wallet for keeping of multiple coins with a feature of easily switching from trading one asset to another in no time.

The functionality of Zebpay counts as crucial in promoting the currencies that are listed on this exchange, and given the fact that this exchange platform makes up for the largest exchange in India, VEN can get more attention alongside with increased exposure in this country.

All in all, having a new listing is always a great thing for any crypto asset, besides from partnerships of course.

VeChain and the Latest Progress

VeChain easily represents a pretty favorable investment, especially due to the fact that serious investors and listings find this digital asset more than desirable.

Over the time, VeChain has collected some pretty important partnerships, including one of the most recent deals with BMW; however, what might be the greatest achievement of the VeChain team by far is the launching of VeChain Thor network.

At the same time, with the launching of the VeChain Thor, VeChain also outlived a case of rebranding, which means that VEN has now become VET, although the new abbreviation has not been changed across websites like CoinMarketCap.

With new important partnerships with massive companies and foundations, alongside with getting new listings globally, VeChain seems to be doing more than well despite the current state in the crypto market.

How is VeChain doing at the Current Moment?

The market has been acting sluggish for the past two days, and so we can see the majority of digital assets dropping against the dollar while trading in the red.

VeChain is also going down despite the good news of having VeChain Thor finally starting with live operating and with having a new listing added to the table. Ranked as the 16th-best currency in accordance with the global coin ranking list, VEN (VET) is up for sky-rocketing further, however, the current market trend is pressing VET down.

With over 2 billion dollars in market cap, VEN has been trading in the green according to its 60-day chart, where we can see this asset going up against the dollar by 23%.

In addition to trading in the green in the period of the past two months, VeChain is also seen trading in the green in its monthly chart, going up by 16% against the dollar.

However, we can see it down by -13% in the course of the last 14 days and dropping against the dollar by -15% in the course of the last seven days, which is the case with a great portion of top digital assets.

Following the most recent change in the market with having the majority of currencies dropping, VeChain has gone down by -3.39% against the dollar.

VEN is also going down by ETH and BTC, but barely by -1% against these cryptos.

After the latest change in the market, VeChain can now be traded at the price of 4.36$ per one unit, still away from its all-time high of around 8.30$.

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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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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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Altcoins

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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Altcoins

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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