Connect with us

ICO / Crypto

Is Stellar Set To Surpass Ripple?

Published

on

Stellar logo

Battle of Centralized vs Decentralized

Stellar lumens is making its way upthe ranks on Coinmarketcal.com and its looking like it may be setting up to challenge Ripple and possibly Ethereum in the future. Since the almost psychadelic highs of 2017, we have all experienxed lows to varying degrees but it seems some currencies have been able to take less damage than others as a steady stream of news has helped kep them afloat. One of these is Stellar Lumens, which has been able to prove itself as one of the best performing and fastest growing Blockchain platforms. Its promising rise comes at a time when Cryptocurrencies are having to prove themselves or fail.

In this era of use cases two giants have begun to emerege, Ripple & Stellar have proven that their platforms have the power to serve the global financial sector. Their approaches have simularities but they actually have greater differences that will likely ensure a successful future. Ripples centralized platform offers organizations the ability to build on it, and it is geared towards the banking industry not individual users. Stellars platform like ripple addresses the problem of cross broder remittances but runs on a more decentralized blockchain.

Is Stellar useful?

I wont explain how useful ripple has been to the international banking industry, which has practically thrown its arms open and embraced Ripple. Instead I would like to focus on the usefulness of the stellar platform, which is starting to flourish as institutional investors begin to work with and trust the platform.

Now first off i want to say that stellar and Ripple do not allow users to run their own nodes. the only difference in that aspect is that Ripple is owned by a coropration and Stellar is not. With that being said after looking over the two companies websites you see that Stellar is obviously built so anyone with the skills can develop with their platform. So in the department of developer friendliness Stellar takes the cake.

As far as it main purpose of remittances Stellar has been playing catchup wit Ripple’s exponential growth and influence with the global banking sector. Recently stellar has had a huge announcement though, IBM is working to create a stablecoin on the stellat platform. The creation of a stablecoin that is more accountable than tether will be a huge assist for the Cryptocurrency economy. With a stable coin traders could seriously hold and transfer FIAT value across borders with relative ease, and since its goingto be USD backed it will be very easy to cash out!

Still A Ways To Go

Stellar Lumens is currently resting at $0.21 which is about 50% below ripples current price and it is likely to slide more as the cryptocurrency market bleeds for 2018. If institutional investors do begin taking stakes in the crypto industry you can be sure that Stellar will be one of the platforms they intend to use. Learning how to use it now may be helpful for you in the future when you mobile banking is powered by Stellar lumens. It will no doubt be a bumpy road but stellar has a solid plan and looks to be gearing up for a bright future. Check out their website to learn more about the platform and its uses.

ICO / Crypto

In a bloodbath be a market vampire

Published

on

By

Cryptocurrency is hemorrhaging and im a hungry vampire

Since the beginning of 2018 the cryptocurrency markent has experienced an epic sell off. Currently 90% of all cryptocurrencies are down atleast 80% from their highs a year ago. Some of you probably think this is the end of Bitcoin, but it is more likely the end of many Shitcoins with inactive platforms or illconcieved concepts. It is likely that over the next few months many coins will begin to get delisted a their values drop below $0.00, only the strong will survive this rapture.

You’ll live if you have an active platform

Platforms like Stellar, Binance, and Steemit are likely to endure through this apocolypse mainly due to their strong platforms and huge fanbases that, not only believe but also work hard to keep the blockchain running as a commnity. The coins that are still hinged upon promises and illusions will fall to oblivion. Take this time to evaluate you portfolia and rid yourself of shitcoins and prepare for the great buying opportunity that is about to present itself.

The long road ahead

The last bitcoin bear market lasted around 14 months and when it ended it still took nearly a year for crypto to really rally in 2017. This recession was an inevitable happenstance that many professional analysts predicted. In 2018 all the rumors were that Bitcoin would drop over 70% before rebounding and surpassing its all time highs. With all this news about institutional investments coming into cryptocurrency It is doubtful that the industry is dead. On the contrary I think it is the beginning of a new period in the crypto economy. Regulation is coming and when that happens the Institutional investors will begin pumping crypto as they build their corporate positions for the future.

### Watch the charts

Right now is not a very good buy situation but it would be a good idea to open positions after BTC droppes below $6000 because a strong rebound is likely. I say that because around $5900 is the mining profitability threshhold. We all know miners control the BTC market so it is a logical pivot and point of support for bullish traders. Try to average into the market and remember that your in it for the long haul.

Continue Reading

ICO / Crypto

Bitmex The Boss Of Margin Trading

Published

on

By

bitmex

No It Does Not Mean Bit Mexico

The Bit Mercantile Exchange aka Bitmex has become know as the worlds highest volume trading platform with over 1 million daily transactions and growing! As far as cryptocurrency exchanges go it has a pretty solid history starting back in 2014 and running smoothly up until today. Bitmex has established itself as the go to Exchange for traders looking to leverage their holdings and trade on the market. It is not an eachange to be used by novices because you could wind up emptying your account.

Leverage Leverage Leverage!!

The margin trading options available to you on Bitmex represent a smattering of the top cryptos and the opportunity to trade some of them up to 100x leverage. Thats righ you could basically trade with a minimum of .0006 btc and leverage it to be worth .06 btc. OF course havign such a position is risky because it may get liquidated quickly depending on the markets volatility. If you can understand the threat of liquidation and plan around it then trading on bitmex can be an attractive option.

Perfect For Down Markets

With cryptocurrency in general experiencing a year long downturn, exchanges like bitmex that allow you to go long or short on cryptocurrencies is a helpful tool. Using Shorts one could track the market as it declines and profit (in BTC) on the declining market. That means you would end up with a larget bitcoin positions when the market begins to reverse upwards. Of course being able to short Bitcoin is not an easy task but can be done, especially if you understand the RSI and MACD indicators.

Its Kinda Like Gambling

When you use bitmex you are in essence bettin on which direction the chosen market is going to go. If your right it pays, if your wrong its costs. Although its not as simple as picking a direction, you can learn how to trade on bitmex relativley easily by readingthrough thir FAQs and reaching out to the Bitcointalk community. As always remember when using trading platforms, only invest what you are prepared to lose.

Continue Reading

ICO / Crypto

What is the 0x Protocol?

Published

on

By

0x

All assets will be on a blockchain eventually

Atleast thats what the creators of 0x protocol believe. It’s not trade secret that cryptocurrency exchanges are plauged with security threats onana almost daily basis. Many Blockchain evangelists beileve that the key to stemming the tide of hackers is to create a decentralized exchange. 0x has found a way to incorporate the best of both the centralized and decentralized worlds.

the 0x protocol is no shitcoin, in fact it is probably one of the most useful tokens to exist on the ethereum blockchain. Its creators believed that eventually the ethereum blockchain will trade assets of all kinds, and will need a way to exchange those tokens easily.

0x attempts to help improve decentralized exchanges

The 0x Project is more like a decentralized exchange than a centralized one with some key differences. 0x was created to solve the primary problems decentralized exchanges present. mainly the facts that they are expensive, slow, illiquid, and are not interoperable. operating an exchange on a blockchain usually means fees associated with transactions and trades that become prohibitive. The 0x protocol was designed to solve those problems by standardizing the protocol. this protocol sends orders back to the blockchain after settlement instead of on a transactional basis. Thus the 0x protocol is much faster and more efficient.

Built to be a foundation

The 0x protocol is designed to be used as a means for developers to build their own decentralized exchanges. An added bonus for Devs is that 0x charges no fees so you have the option of having a fee free exchange. Currently unfortunately you can only use the 0x protocol with Ethereum Erc20 tokens. 0x is only compatible with the Ethereum virtual machine so it is unlikely you will be able to trade other promising coins like Stellar with it. IF you are an investor i can only suggest that you remember that 0x is directly dependent on the continued growth of the ethereum platform and its production of tradeable coins. If another platform takes over the smart contract game then it is likely 0x will be quickly forgoten.

Use case matters

My favorite coins to talk about are coins with actual use cases that are ACTIVE, not those undeployed promises some platforms offer. THis coin was designed in conjunction with some of the biggest names in cryptocurrency including Coinbase. With their recent publicity i though it would be good to teachfolks about what 0x actually does. Now that you know you can check out the exchange they created here

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.