Taking on a mortgage is no trivial thing, with the debt created typically in the hundreds of thousands of dollars. For bad credit borrowers, the task of getting approved can be extra difficult, but it is worth noting that there are some mortgage providers willing to approve applicants seeking home loans with bad credit.
Of course, securing mortgage approval comes down to meeting the criteria that lenders lay down, and convincing them that monthly repayments will be made without a hitch. Happily, credit scores actually have very little to do with it, providing bad credit borrowers with a window of opportunity.
The factors relate to income and debt-to-income ratio, and so long as these matters are addressed satisfactorily, the mortgage provider is extremely likely to grant the home loan application. But what are the factors and conditions that applicants need to be aware of?
1. Bad Credit Is Not Important
The biggest mistake applicants make is to think that the credit rating they have is a hugely important factor in the approval process. It is not, and in fact only affects the interest rate that is charged. So, those seeking home loans with bad credit can feel confident of getting the funds they need.
The reality is that if the credit score is very low, the interest rate on the mortgage is going to be high. This means two things. Firstly, the credit score can affect the affordability of the deal, thus impact on the chances of securing mortgage approval.
Secondly, it means that improving your credit score can have a positive impact, lowering the interest rate and thus helping to make the home loan more affordable.
2. Securing Better Terms
Since, the scores are linked to existing debts, the best way to improve credit scores is to clear those debts. That way, the score rises and the chances of getting a home loan with bad credit are improved.
The best way to clear those debts is to take out a consolidation loan and pay them off. The original debt is replaced by a new loan, but the new terms should make it is more affordable. This can improve the debt-to-income ratio, which in turn greatly improves the likelihood of securing mortgage approval.
Alternatively, trying to clear individual debts bit by bit. This will take a much longer amount of time, and the impact is likely to be less. Remember, a down payment needs to be saved in advance of securing a home loan too.
3. Making the Mortgage More Affordable
The affordability of any loan is the crucial element in the approval process, with the debt-to-income ratio establishing whether it is or not. But since the monthly repayment sum is the key, lowering it can help make the deal affordable. When it comes to a home loan with bad credit, this may be the fastest way to making the mortgage affordable.
Accomplishing this is pretty simple. Just take out a mortgage on a longer term than usual. Extending the term from 30 years to 40 years, for example, can reduce the repayments each month by perhaps $200. And once affordability is confirmed, securing mortgage approval is a formality.
Bear in mind, however, that a home loan with a longer repayment period is going to be more expensive in the long run. The amount or interest paid over 40 years will be more than over 30 years.
The world has emerged into the trend of cryptocurrencies as the technology grabs the attention of investors on a large scale. Moreover, in recent times, meme-currencies were the talk of the town which created a buzz in the market. Dogecoin was the first meme-currency that was trending with the support from Elon Musk.
Initially, it all started as a joke coin, but as the support from Musk was trending, the coin also began to trend in popularity and price value. Following that many memes, cryptocurrencies began to rise and from those, some had the potential to reach heights. One such coin is Shiba Inu (SHIB) which has risen in popularity as well as in price value.
Shiba Inu (SHIB) is an Ethereum-based token that aspires to be an Ethereum-based solution to the popular meme coin Dogecoin (DOGE). It was established by an anonymous individual named Ryoshi, and the coin’s website describes it as “a decentralized meme token that developed into a vibrant ecosystem.”
Current Market Status
The current trading price of Shiba Inu (SHIB) is $0.000026 with a trading volume of $9,117,315,771 in the last 24-hours. Moreover, SHIB has surged to 273% within a week and it is the 20th biggest cryptocurrency in market value. The current circulating supply of SHIB coins is 394,796,000,000,000.
The price chart of SHIB depicts the bullish pattern for the past week. The price value of SHIB has surged from $0.0000077 to $0.00003366 within seven days. Consequently, SHIB is 26% up in the last 24-hours, whereas 273% up in the past week. SHIB is available in top exchanges such as Binance, Mandala Exchange, OKEx, Huobi Global, and FTX.
SHIB Partners With NOWPayments
Shiba Inu has announced its partnership with NowPayments which will be onboard soon. SHIB users can use NowPayments for burning $SHIB, $LEASH, and $BONE. NowPayments is a non-custodial payment process platform that provides an easy way to accept online payments with various cryptocurrencies.
Considering the recent update, the firm’s announcement on partnering with NowPayments might be the reason for the price surge. However, SHIB is a popular token that has already created an impact among investors. Users are experiencing a sweet spot over the past week and they expect more price hikes in the upcoming days. With the ongoing developments and updates, SHIB has the potential to reach heights.
The creator of Litecoin, Charlie Lee, continues to guide us through memory lane. For part one, he took us through Litecoin’s fair launch. Considering the small number of projects that have managed to do this, it’s a pretty big achievement. Today, for part two, we’re going to cover the project’s relation with cryptocurrency exchanges. Charlie Lee wears his heart on his sleeve for this one, and tells a heartfelt story that ends up in betrayal. Can you feel the excitement in the air?
Related Reading | Charlie Lee Predicts Resurgence of Litecoin as Bitcoin Cash Falters
This part of the story is all about relationships, connections, and the long road to credibility. It’s also about Charlie Lee’s resistance and willpower.
Before we get into the meat and potatoes of the story, though, a light detail that shouldn’t go unnoticed.
Charlie Lee Gives Flowers To The Litecoin Logo Creators
There’s not much story to the logos, but it’s cool that Charlie Lee gives credit where credit is due. The first and the second one show evolution:
And the final one is a simplification of the second one:
And the current logo is designed by Robbie Coleman (@robertfcoleman) and his team.
Of course being decentralized, there are many other logos that people have created and used. Some are pretty wacky. And people can use whatever logo they want and I can’t do anything about it. 😂 pic.twitter.com/M7FgBcGPum
LTC price chart for 10/09/2021 on Coinbase | Source: LTC/USD on TradingView.com
Litecoin’s Long Hard Road To Exchange Listings
This contradicts the title, but, in 2011 Litecoin was immediately listed in the defunct BTC-e. The site was a pretty successful cryptocurrency exchange that fell into disgrace when the US Justice Department accused them of laundering funds from the Mt. Gox hack, but that’s another story. Regarding Litecoin, Charlie Lee tells us that the listing, “helped a lot as miners had access to liquidity pretty quickly. Litecoin quickly become one of the most popular coin on BTC-e.”
From 2011 to 2013, I spent a lot of time supporting Litecoin’s early growth and pushed for adoption wherever I can. I pretty much talked to all the exchanges to support LTC. I realized that liquidity is super important for a coin. Without liquidity, you can’t do anything.
However, even though Lee “pretty much talked to all the exchanges to support LTC,” it was two years later that the second one listed Litecoin. Bitfinex took a chance on the nascent project, “This was a huge deal for Litecoin. It’s the first major exchange to support LTC.”
At the Bitcoin 2013 conference, I remember attending a talk by Bitstamp Co-Founder and CEO Nejc Kodrič( @nejc_kodric). During the Q&A after the talk, I asked him if Bitstamp will add Litecoin. I think he just chuckled and went to the next question.
Then, Charlie Lee remember how he tried to get the CEO of Bitstamp to list them and he laughed him off. Only to list the coin in 2017. The same thing happened with BitPay, who ended up supporting Litecoin only this year.
The Chinese exchanges, though, listed Litecoin from the beginning. “Sometime late 2012 to early 2013, 2 of the largest exchanges in China, Okcoin and Huobi, added support for LTC. That was huge.” A question arises, did Charlie Lee have to throw shade at those two exchanges this hard? “The trading volume was also pretty crazy, but unclear how much of that was fabricated.”
In 2013, I thought it was time for me to step away from Litecoin. I was very fortunate to find Warren Togami (@wtogami), Founder of the Fedora Project, to take over as Litecoin lead developer. Warren is amazing and we were very lucky to have him at the helm of development.
So, in 2013 Charlie Lee steps down as Litecoin’s lead developer and leaves the job to Warren Togami. At the same time, he leaves a high-paying job at Google because they weren’t interested in anything crypto-related. That’s when Coinbase gets into the picture. Lee contacts them to see if they’re interested in listing Litecoin and they end up hiring him instead.
I interviewed at Coinbase and on paper, it sounded like a horrible deal. I would have to commute to SF, which was an hour each way, take a 50% or so pay cut, work twice as hard, and miss out on all the Google perks. But it was a no-brainer for me.
According to Charlie Lee, “Coinbase was the hot startup and THE crypto company that is making Bitcoin easy to use. I knew that if Bitcoin didn’t succeed, Litecoin wasn’t going anywhere either.” A cold hard truth that all of the Altcoins have to live with to this day. Besides that, Lee wanted to eventually convince Coinbase to support Litecoin. How could he not?
After that, there were rumors of @MtGox finally adding its second coin, Litecoin. At the time MtGox had like 97% of the total Bitcoin trading volume. Support of LTC would be huge for Litecoin’s liquidity. pic.twitter.com/rfBhA7z1Pm
The Chinese connection paid off and the BTC China, lead by Charlie Lee’s brother, listed the coin. “Although it was a huge news, what took him so long?!,” asks Lee hilariously. Also notice that the banner that he mentions plays on the fact that Charlie and Bobby are brothers.
In 2015, there were rumors that the infamous Mt. Gox exchange was going to list Litecoin. At the time, this was THE place to be. Charlie Lee finally confirms the story, “The rumors were actually true. I was talking to the CEO, Mark Karpelès almost on a daily basis in mid 2015.” However, the Mt. Gox hack was exposed before they materialized those plans. And all hell broke loose. “In hindsight, it was a blessing in disguise.”
Then, as it happens, things turned sour in the Charlie Lee and Coinbase romance.
That changed though in 2016. The was when Litecoin trade volume exploded on Chinese exchanges and it was clear to me that Coinbase was leaving a lot of money on the table by not supporting altcoins. And it made business sense for Coinbase to add altcoins.
The Brian Armstrong tweet he refers to says: “Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains.” Wow. What would the Brian Armstrong of the present say about that statement?
Anyway, in 2016 Litecoin’s trading volume was exploding in the Chinese exchanges and Charlie Lee saw his opportunity. “This was also when Ethereum was starting to get big. So I put together a proposal to Brian and Fred Ehrsam to add both LTC and ETH to Coinbase.” The proposal’s thesis was that, since people in the US had no easy way to buy, store, and trade those coins, there was “a lot of unsatisfied demand.” And Coinbase could make a lot of money.
There was a lot of unsatisfied demand. People in the US had no easy way to store and trade these coins. And Coinbase would steal a lion share of the demand if we added the 2 coins to start.
Both Brian and Fred like the idea but they crossed out LTC. They just want to do ETH.
Here it is: betrayal. The two Coinbase executives broke Charlie Lee’s heart by accepting the proposal, but only for Ethereum. “Although I went along with the plan, it kind of rubbed me the wrong way. Litecoin had a much higher global trade volume at the time and was the #2 coin in marketcap.” A little while later, Lee took three months of Coinbase to focus on his project.
Related Reading | CHARLIE LEE: AN UNCOMMON INTERVIEW
In the next episode, Litecoin’s story intertwines with Bitcoin’s and the controversial Segwit implementation. We’re going to discover that Charlie Lee and his team were instrumental in this. How? Tune in to find out.
Non-fungible tokens are unique tokens that have exploded in popularity and sales this year. From digital arts or music to game characters or videos, these digital assets have been sold for millions of dollars.
Each NFTs are different and unique which are typically held on blockchain technology. It paves way for the creators an opportunity to monetize. Additionally, the sale of NFT is direct between the creators and the buyer of NFT which leads them to get more profit. Thus, the adoption of NFT surged exponentially and the popularity of NFT reached heights. Now, let’s dig into the three cheapest NFT tokens which are NFT, RONINGMZ, and SURE.
According to Coinmarketcap, APENFT (NFT), Ronin Gamez (RONINGMZ), and inSure DeFi (SURE) are the three cheapest NFT tokens. As a matter of fact, the NFT sales have been recorded to be in billions this year. The market value that NFT has gained among the investors is huge. Among these NFTs where each unique art is being sold in millions, there are cheap NFTs also available in the market.
Current Market Status
The current price of APENFT is $0.000003751 which has surged over 35% within the last 7 days. Whereas, Ronin Gamez (RONINGMZ) is now trading at $0.002036 which has boomed over 390% within a week. The third NFT on the list is inSure DeFi (SURE) is currently trading at $0.003509 that has risen to 13 .71% in a week.
The hype for NFT and investors falling for NFT artworks is increasing every day. As a result, the sales of NFT just boomed this year. The NFT sales for the first half of this year are over $2.5 billion which seems astounding. Moreover, the well-known digital art “Beeple” was sold for $69 million at the auction house.
However, NFTs are collecting millions of dollars for just one unique art. They are not only in the form of art, NFTs are also in the form of images, videos, game items, and video games. Furthermore, at one point the price value of NFT might surge in no time which may result in high profit for the buyer. As NFTs are the trend in the market the demand is and its adoption is getting high.
Creditology as we may refer to it, is the mathematical equations and algorithms utilized to produce a score from a compilation of huge amounts of data that is supposed to predict the tendency for a borrower to default on a loan. This ambiguous and often arbitrary rating system has kept many Americans in a state of helplessness, and allowed banks and insurance companies to charge higher fees and rates based on a number that often times makes no sense, and is actually incorrect. An extremely valuable industry has arisen, that is empowering the consumer to have control over this number, it is called creditology credit repair.
How does Creditology Credit Repair Work?
Quality credit industry professionals have access to software that runs mathematical equations similar to the credit bureaus equations, except in reverse, to determine the optimum levels of credit limits against balances, types of accounts to maintain as open, length of time to keep accounts open, etc.
What is a Credit Score?
A credit score is a number generated by a mathematical formula that is meant to predict credit worthiness. The most common of the credit score standards is the FICO score by Fair Isaac. The FICO score ranges from 350-850 and is intended as a predictor of whether or not you will be 90 days late on a loan obligation. Fair Isaac uses thousands of credit reports to calibrate the FICO scoring model and is very secretive of the exact formula.
Here is a percentage breakdown of a FICO score:
o 35% – Payment History
o 30% – Debt Ratio
o 15% – Length of Credit History
o 10% – Types of Credit
o 10% – Number of Credit Inquiries
It is very possible to remove negative items from your payment history through a credit restoration service, or even on your own, with the right guidance. Consumers can increase their credit history with positive rated accounts that will improve score. With a good credit restoration company, it can be determined the precise number of new accounts to open, with the exact credit limits and balances to maintain to optimize the score.
Most people are aware of the three credit reporting agencies TransUnion, Equifax and Experian. The average difference in score between the highest and lowest of your three FICO scores is 60 points. This is the result of each of the credit bureaus having different items on their report, some correct, some incorrect and some that are not being reported in full compliance with credit law.
According to the Government Accountability Office, 80-90% of credit reports have serious errors on them, and this does not even include the more minute errors that a quality credit restoration company looks for.
How can I get a free copy of my credit report?
By law, all consumers are entitled to a free copy of their credit report from each of the three credit bureaus once a year. However, this is merely a record of accounts on the credit report and a general reference to status, ie “good standing”. Specifics are not offered such as delinquent dates, and most importantly the actual score. For this information, the consumer must pay the bureaus approximately a $40 fee. The law that was supposed to help consumers monitor their credit has become nothing more than a bait and switch to entice consumers to get their “Free Credit Report”, only to realize the vital information is not free!
The bottom line is that there are very different versions of credit profile enhancement, including removing reporting of negative accounts, where possible, removal of erroneous reporting, and frivolous reporting by creditors, as well as the mathematical dynamics behind creditology credit repair. The consumer must utilize a company that has ALL of the resources necessary to optimize all aspects of the credit profile, not just mail out dispute letters.
You have bad credit. You need a substantial infusion of cash. Where do you go? Finding someone who is willing to extend a long-term or installment loan to you can be a challenge. However, having a verifiable income that will allow you enough cash left over from your monthly expenses to pay such a loan, it can be done.
Getting Lined Up
The first thing you need to to is to develop a positive attitude. That is best done by figuring out your finances, how much of additional debt your finances will allow you to cover, and developing a long-term series of financial goals. Figure how much you need to see you through. Set your goal. You should also check your credit rating so you have an good picture of how potential lenders view you.
In no way should you approach the lending market feeling any sort of desperation. You need an infusion of cash, that is it. If any lender makes you feel like they are doing you a favor, find another lender. You are doing the lender a favor by bringing them your business, poor credit history notwithstanding. If folks such as yourself did not exist, they would not have a business.
You should start by lodging queries at your local banks or credit unions. Simply explain, without mortification, why you have bad credit, why you need an infusion of funds, and how you intend to repay. Especially if you have been a long-time customer of a particular financial institution, you may be surprised at how willing loan officers may be to work with you.
Options Regarding Loans
Most traditional lenders, and other lenders, offer two types of loans, secured and unsecured. Unsecured loans are called personal loans or signature loans. Secured loans are those in which you offer valuable property as security to back up the loan. Secured loans are usually called home equity loans, line of credit on equity loans, and other similar epithets.
If you are seeking to borrow a large sum of money and do not have good credit, traditional lenders may not be your best source. Many could be better offer off by scouring the internet for long-term loans for folks with bad credit. Indeed, many offer them without the rigors of a credit check at all. In fact, due to recent economic downturns, many have entered the lending market seeing the need of financially down-trodden who need a lift to get back on their feet financially.
Should you still be hampered because of your credit past, consider taking out a series of small cash loans with establishments who report to the credit bureaus. As you prove your fiscal responsibility, other opportunities will become available.
Regardless of which route you choose, the important thing is to keep your integrity and to shop around. Find out about as many lenders as you can — their interest rates and their repayment terms. Find the one that is most amenable to you in terms of how much they charge for allowing you to use their money and how much they can make monthly payments fit your budget. Shopping around is best whether you seek out online lenders or traditional lenders.
Do Not Give Up
Have a goal firmly in mind. Have an amount in mind. (Do you really need that much?) Have a strategy for repayment in mind. Get ready to search, search, search. You will eventually find a lender who is willing to work with you for an affordable, long-term installment loan. You will find a lender willing to offer decent interest rates and payments you can live with.
Chingari is India’s popular short video sharing mobile application which has numerous facilities to attract the users. This entertainment app now secured $19 million in crypto funding rounds to build its token ‘$GARI’ with advanced crypto technology “Solana blockchain.”
However, the Crypto industry is growing at a fast pace attracting almost all other groups into its digital world. It is significantly visible that crypto adoption is bubbling up along with its innovative technologies supporting the industry.
Chingari ($GARI) with Solana
The CEO of Chingari, Sumit Ghosh is smartly moving along with the trend of crypto’s which will be the vital source in the near future. So, he planned to launch a new token called ‘$GARI’ which will be the sensitive piece of the network. Thus, the capital amount $19 Million will be utilized to upgrade the platform, to inaugurate a Chingari’s crypto token with Solana blockchain.
Moreover, the crypto funding was successful involving great investing ventures and individuals associated with crypto firms. It includes RepublicCrypto, Alameda Research, Solana Capital, Valor Equity Partners,Galaxy Digital along with Kraken, a US based Crypto exchange.
Besides, the most interesting part of Chingari network is partnering with Solana Blockchain which is a popular crypto technology at present. In addition, the crypto market has a wide range of followers and users in India which can boost this partnership to a greater extent.
Also, Solana is reaching its all-time high value in the marketplace for its transparent ecosystem and low transaction cost. Additionally, Solana blockchain is owning a censorship which develops an open network for platforms to achieve global adoption. Thus, Solana’s fame in the crypto market will raise the monetisation of the app.
Further, the $19 million secured through fundraising includes various crypto assets such as Tether (USDT), stablecoins and USDC. More so, the short video app has a great reach covering up 30 million active users with over 78 million visual downloads. The CEO of Chingari app shares that the high scope of cryptocurrency in India will support the platform to achieve new milestones. And the robotic strategy of combining the new token with Solana will deliver promising industry developments in the market.
However, the new advancement of launching the crypto token with the blockchain technology empowers the creators. It allows them to create their own digital space such as physical merchandise, non-fungible tokens (NFTs) creations. Besides, the creators are eligible to fund their favorite artists and stars.
Applying for payday loans to help with budget failures can often lead to overuse. It is never good practice for a borrower to owe money to several payday loan lenders all at the same time. Between the finance charges and the balances due for each of the loans, your next few paychecks will carry a heavy burden.
Credit challenged applicants need to understand that there is a clear difference between owing money to creditors and short-term lenders. A direct lender is not in the revolving account business and unless you deal with a lender who processes installment payday loans, your payment is expected in full including fees by the time you get your next paycheck. With every other household bill and payments to every creditor how much money will you have left? Too often credit challenged folks turn to the short-term loan lenders for food and gas money or to recoup from paying another safe payday loan off. This is a tough cycle to get out of. You have to make on-time payments, so how do you ever get out from under the carpet of debt? One thing for certain is that you cannot get out of debt while still making debt. You have to take a stand against using any more credit cards or fast cash loans to make ends meet.
Minimum payments will not get rid of debt any time soon. All it will do is continue to drain your bank account while you dish out finance charges with every payment. It is important to focus on the one loan that costs the most and knock it out of your budget portfolio. It makes the most sense to get rid of high interest rate debt first. This will often point to paying payday loan lenders in storefronts or online first. You may have creditors that charge similar or possibly higher rates, but the short terms on a payday loan make finance charges happen more often. Minimum payments break the bank one small payment at a time. You can’t blame financial woes only on the debt.
Creditors will send you a bank statement. Do you open it or place it on the desk to take care of another day? Do you answer the calls from a direct lender? Chances are that they may call you to remind you of your upcoming due date. Unless you have not paid the bill, you don’t have anything to avoid. If you have missed the due date or your payment was returned insufficient funds, it is good to accept their call or read any communications they send. It is always best to make arrangements with the company directly. The last thing you want is debt in default. There will come a point that a borrower’s debt will get sold off to collections. You know those companies that call and send countless emails and letters trying to collect on your debt. Collections agencies are no fun to deal with never mind the damage default debt will do to your credit report. When you get a call from your creditor or direct payday loan lender accept it and work something out. It is much better for you in the long run.
Don’t use third party money for the wrong reasons. Extending your purchasing power is not a good enough reason to add debt to you plate. Make sure to leave these options for those emergency moments when unplanned expenses interfere with your budgeted plan. Multiple payments end up not being as convenient as spending the cash in the first place. Think it through and make the smart decision for your budget.
You must dispute a negative item from Cavalry Portfolio to remove it from your credit report. You dispute directly with the credit bureaus. When you file a dispute you are telling the bureaus that the listing is inaccurate. The bureaus will then conduct an investigation into the listing.
The lender or collection agency will be contacted to verify the debt. Also the balance of the debt and the dates will be verified. If the mark can not be verified then the credit bureaus must remove it from your credit report. Frequently investigations result in the removal of negative marks.
You can write a dispute letter yourself or hire a credit repair service. If you only have minor damage to your credit report we suggest you dispute marks yourself. However if you have multiple bad credit marks it would be wise to hire a professional credit repair service. In addition a service can use advanced dispute techniques in case you have a mark that is verified.
Who is Cavalry Portfolio Services?
They are a collection agency. They will work on behalf of financial institutions or will purchase debt and collect for themselves. They actually offer individuals a contact name and email if you want to comment about their collection practices. Many agencies try to avoid hearing the negative feedback about their practices.
Instead they give the contact information of Todd Tipton his email is [email protected] and phone is 918.665.5686 to individuals wanting to comment about their company. They try to work with consumers and work out a payment plan.
Sometimes accounts can go to collections that are not valid debts. It is not uncommon for a lender mistake to cause your account to erroneously go to collections and for you to receive communication from a debt collector. You will not be able to explain that the lender made a mistake. Instead you will have to dispute the item with the credit bureaus.
In sum you can remove negative credit from your report, you do not have to wait seven years for the mark to naturally be removed.
Moneygram has collaborated with Stellar for Blockchain payments.
Banco Hipotecario has partnered with four new blockchain startups.
Large IT companies are demonstrating a strong interest in crypto-based payments, garnering huge public attention. It will not be surprising if the crypto sector replaces conventional financial systems.
On October 7th, 2021, the SEC approved the “Volt Bitcoin Revolution ETF” fund to promote blockchain technology. According to Volt creator Tad Park, Tesla, Coinbase, Paypal, and Square are among the companies included in the fund.
However, El Salvador’s commercial national bank, Banco Hipotecario, has partnered with four new blockchain startups. API3 is one of the revealed firms. This partnership will create blockchain solutions to provide consumers with Bitcoin-native DeFi products like trading and lending.
Peer-to-Peer fund transfer service provider Moneygram has collaborated with Stellar for Blockchain payments. Circle’s USDC stable currency would be used to enable quick money transactions, the firm said. Thus, many advancements are occurring in the crypto space. Most crypto assets are trending.
Altcoins on the Rise
Solana’s spectacular Q3 performance pushed its price to an all-time high of $214.96, a 400% increase. Because its ecosystem is focused on security, data tools, and analytics, Q4 should be a lucrative quarter for DeFi. Terra Luna, following its Columbus 5 upgrade on September 30th, saw excellent growth in Q4. Token trading at $46.73 surpasses prior ATH.
In Q3, Dogecoin volatility spiked. The trend appears to be continuing in Q4, as the meme coin’s trade volume increased almost 400% last week. Moreover, it is also testing a key resistance level between $0.24 and $0.25, a breach of which may result in a new ATH.
Shiba Inu, a recent market phenomenon, surged almost 500% in four days, hitting a high of $0.00003502. Late Thursday, the dog-themed meme currency began to plummet. Furthermore, the asset has lost 30% in the past 24 hours. One of the whales just purchased over 1 trillion SHIB, prompting the price to soar. Because of this, the community believes now is not the time to purchase SHIB.
The crypto industry is growing like no before. Still, major events like Bitcoin Taproot upgrade, Ethereum merger, and Cardano Hydra layer 2 scaling solution update are on the way. As improvements are planned for late Q4, now looks like a good opportunity to purchase crypto assets and take calculated risks.
Crypto investors are taking note of Fantom’s recent rise. Fantom (FTM) was one of the major winners in the crypto market’s summer rally. Its price soared throughout August, reaching an all-time high of $1.93 on September 9, 2021. It has since cooled, but for fans of Fantom, this might be an excellent time to purchase.
The aim is to provide reliable and secure transactions via an open-source, permissionless platform. Fantom’s DAG-based platform provides immediate payment, near-zero cost, and unlimited processing scalability by integrating smart contract Dapp architecture.
The potential for Fantom to be a better version of Ethereum (ETH), the second-largest cryptocurrency, is exciting. Fantom is a smart contract-capable blockchain platform. These applications enable blockchains to do more than transfer cryptocurrency from one user to another. The platform’s native cryptocurrency is the Fantom token.
The future may hold the most difficult task for Fantom. There are many Ethereum alternatives. Cardano (ADA) is the largest and has grown rapidly this year. Solana, too, is a growing platform with lightning-fast transactions.
Fantom may be a good cryptocurrency investment due to its fast transactions and sophisticated smart contracts technology. Its price has fallen since its peak, and its market value is lower than some of its major rivals. It may yet have space to develop.
However, it’s difficult to predict which of these platforms will be the most long-lasting. According to CoinMarketCap, Fantom price today is $2.29 USD with a 24-hour trading volume of $2,970,596,604 USD. Fantom is up 17.19% in the last 24 hours.