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Verge’s (XVG) and NEM (XEM) future looks good, here’s why

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Choosing a cryptocurrency for investing is a challenge, especially if you are not a very seasoned investor. There are so many different platforms and coins; each has different features so picking one correctly just gets harder as you dig in. You can read about each coin’s features but how can you tell which ones will do well and which are the ones that are just hot air?

Let me give you two hints. Verge (XVG) and Nem (XEM) have already proven they are up to the job. They are both reliable and solid cryptocurrencies, and their future just looks excellent. Let me tell you why.

NEM (XEM)

NEM (XEM) is among the most recent alt-coins, but it already exhibits the potential to take on the market’s legends such as Ethereum and Bitcoin. NEM is a blockchain that allows for smart assets through its platform, which was designed with corporate users in mind.

What’s NEM’s edge?

Most of the current cryptocurrencies go for proof of work (the algorithm Bitcoin made famous) or for the proof of stake algorithm (and variations). NEM is different it uses the proof of importance consensus algorithm, which is unique as protocol goes and ensures that the network’s safety is safeguarded.

That’s not all. The networks’ characteristic EigenTrust++, its reputation system, the Multisig accounts and encrypted messaging service are also hallmarks. These features secure the network so it can run dApps safely, and in a trustworthy way that also allows for smart contracts.

Sound scalable network

Among the strengths of the NEM’x blockchain, is the ability to scale. The platform was designed from the ground up so it would be as highly scalable as possible. 

That’s why this network can manage as many as three thousand transactions per second. This becomes an essential network feature as more and more apps work over the very same network. Scaling is not a problem for NEM but and advantage which is the opposite of what’s been happening to Ethereum.

Harvesting

Harvesting is another of XEM’s advantages. It simulates investors to come into the project. Let’s say an investor is interested in harvesting new blocks. He would only need to have 10000 XEM tokens. 

That amount will allow the user to join in the network’s harvest of new blocks and collect fees. This way new investors are encouraged to both hold the XEM currency and increase the network’s activity.

Partnerships

Partnerships play an essential role in any and all crypto coins. It prompts new users to adopt them and grants them credibility. 

NEM has done very well in this regard, closing deals with some very high profile companies around the world. They’ve sealed over forty partnerships that include names such as KChain, Blockchain Global, Paytomat and Tech Bureau Corp.

Every single one of this partnerships is making XEM available to the public instead of leaving it stored in digital vaults. 

The Xhai Studios is among these partnerships, and it could make XEM use grow exponentially in the video gaming and mobile video industry. If it sticks and works, it will amazingly increase NEM’s credibility.

Verge (XVG)

Verge’s growth is about to become one of the best ever to be seen in the crypto world. It has all to do with its unique platform but also with the controversial and very misunderstood partnership Verge managed to secure in mid-April.

What’s Verge’s edge?

Its features concerning privacy and anonymity are just unrivaled by any other platform until now. Some competitors are not ready to admit it, but Verge is just the best when it comes to this characteristics. This matters a great deal for users (current and new).

As the blockchain tech moves forward, people want anonymity, security, and privacy, and Verge offers exactly that. It does that by combining TOR, I2P and the Wraith Protocol. This feature is attractive to users and Verge has been getting it just right as it gives everyone full control over their own privacy.

Stable prices

The high volatility shown in the past by Bitcoin and Ethereum has kept many potential investors away from cryptocurrencies. While fluctuations are unavoidable for sure, XVG has been very stable as it has not shown the wild swings so many other alt-coins have had. 

It is a factor that new investors take into account when they search for a coin they can use for investments. Verge has been doing very well in this regard and chances are it will keep growing and gain more acceptance.

Verge keeps payment verification simple

Verge has been called the “next Bitcoin” because transacting in Verge’s token is incredibly swift. This is because of their SPV (Simple Payment Verification) protocol which makes it easy to adopt and a lot more usable, even than Bitcoin. It’s not merely fast; it’s also very cheap.

Partnerships

Verge’s recent partnerships are among the factors that make it more viable right now. Their association with the world’s top adult entertainment platform has shown the world this technology is available for every day use and it’s been backed up by many other parties. 

After that partnership, many others have followed suit and it the coin is about to create a debit card along with TokenPay. Verge is becoming so widely accepted in such a short time that it can only mean it has a very interesting future ahead.

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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 Abigayle via Flickr

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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