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Will KIN’s Market Cap Return to $1 Billion in 2018?

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KIN
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Have you heard of Kik Interactive Inc? A little research will tell you that the social networking platform boasts more than 15 million active users today. Kin, one of the popular altcoins on the crypto market, is a foster child of the Canadian firm.

Kin, the Foster Child of Kik Interactive Inc

Kik Interactive Inc, which has been receiving venture funds from eminent institutions like Tencent, introduced the Kin cryptocurrency to put an end to venture-related funding issues, reported the sources. Just like any other major cryptocurrency, Kin’s performance has been quite impressive.

As evident from the official website of KIN, the altcoin was developed to draw people from various sections to a shared economy, connecting them to the community. When the coin was first conceived, it was looked upon as an incentive for Kik account holders. In fact, KIN tokens have been deployed to provide rewards to the Kik users.

What sets it apart from its peers is the fact that the monetary value can be used to purchase real-life merchandises. Came into the market in September 2017, the altcoin is nourished by a robust community and the company’s stable valuation. With a user base constituting over 15 million users, Kin can overtake the Ethereum network if only 10 percent of Kik account holders use the coin.

Should You Watch Out for Kin (KIN)?

Among the new cryptocurrencies introduced in 2017, Kin has earned special recognition in the crypto community. At the time of introduction, the price of Kin was $0.0001 and its market cap was around $70 million. Unlike other currencies like Litecoin and Bitcoin which have set records in 2017, the performance of Kin was rather flat for the most part of the year, but it is hardly surprising as it is fairly new to the cryptomarket. Things started to change, however, when on December 19, 2017, the price of kin touched an all-time high of $1 billion.

When it comes to the performance of Kin in 2018, it is doing a great job. KIN coin, which was traded at 6.8 percent against the dollar till March 8, has traded at 21 percent over the last week. The KIN tokens are not only available for $0.0002 or 0.00000002 BTC all the important exchanges, which include Bancor Network, CoinFalcon, Mercatox, and COSS. With a market cap of $140,866,268USD at the time of writing, it is likely to continue doing a good job.

Will Kin Cross $1 Billion in 2018?

Although Kin is not listed on major exchanges, it has the support of a stable customer-base constituting 15 million Kik users. In addition, the total supply of KIN tokens can throw others out of the competition. As of 16.03.2018, the total supply of kin stands at 10,000,000,000,000 KIN. Unlike other major coins like Bitcoin, which allow users to buy a fraction of a whole coin or token, kin allows users to buy multiple coins at a lower rate. Although it is very new to the crypto market and its price is extremely volatile, it can be highly profitable if traded strategically. As most crypto critics fear, just because it has a stable customer base it does not mean it will work well with the investors. But you can never tell, for the year has just begun and a lot can happen in the coming months. On the onset of the catastrophic drop in the value of Bitcoin, it is not difficult to imagine that 2018 will be a big year for altcoins like Kin, the market cap returning to its all-time high of $1 billion.

We will be updating our subscribers as soon as we know more. For the latest on KIN, sign up below!

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

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Aluna.Social
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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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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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