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Why Nano (NANO) Is A Safer Bet Than Litecoin (LTC)

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Litecoin (LTC) has had a few missteps in the past few months with the aborted launch of Litepay back in March. The latter was meant to revolutionize the use of cryptocurrencies for regular purchases of goods and services in a manner similar to using cash or your credit card. But due to unforeseeable difficulties in finding a card service provider that would be able to partner with the project, it had to be canceled.

However, the Abra Wallet, through its CEO Bill Barhydt, has pumped much needed renewed faith in Litecion by selecting it as Abra’s primary asset moving forward for their smart contract investing solutions. LTC was recently added to a growing list of supported cryptocurrencies on the app.

But is it a little bit too late for Litecoin (LTC)?

Some crypto enthusiasts say it will take a longer time for LTC to manage to hold its own once again. Others say LTC is dead. Perhaps it is time to look for another investment option due to the somewhat shaky recovery of LTC in the markets that has manifested itself by EOS edging it out of the number 5 spot on coinmarketcap.com.

Nano (NANO) is that new investment option. It reminds you of a young LTC when it was valued at $4 back in March 2017. NANO is currently valued at $4.16. The circulating supply of NANO stands at 133,248,289 and that of LTC is 56,754,673. This is a clear indicator that NANO might not make it to current levels of LTC that is trading at $120 at the moment of writing this. What is possible, is Nano to make reach around the $45 mark with time and adoption of the coin. Some price predictions have put NANO at $192 by the end of the year.

Either of the price predictions mentioned above is possible in the crypto-markets that continue to WOW us on a daily basis. One such example is the sudden resurgence of Bitcoin (BTC) to current levels of $7,527 at the moment of writing this, and after there were predictions that it would drop further below $7,000.

With respect to NANO, the coin and project are exceptional. Transactions on the Nano platform are free: no fees are charged. There is also available apps to store your Nano in the devices compatible with Android, iOS, Windows, Mac, and Linux. Also, if you are willing to start a node, you can do so by downloading the code to do so on their website.

It is with the above capabilities of Nano, that it is safe to say that we should forget Litecoin for now. We should turn our focus on Nano for it is the early bird who catches the worm.

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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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.

Mission Statement

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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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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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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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