Electroneum rallies up 45% in one day

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At the time of writing, Electroneum is at $0.038298 USD, up 45.54% in the last 24 hours. In this article we will discuss about this cryptocurrency, and the potentially disruptive effects it can cause to the global market.

Price chart for Electroneum, past 24 hours, Mar 23 – Mar 24 2021. Source: CoinMarketCap
Price chart for Electroneum, since IPO. Source: CoinMarketCap
Market Cap chart for Electroneum, since IPO. Source: CoinMarketCap

What is Electroneum?

Electroneum is a cryptocurrency (digital asset) used for mobile payments, enabling cross-border transfers instantaneously, to anywhere in the world. It enables over a billion unbanked people with no digital method, a medium of payment for goods and services.


Uses of Electroneum

There are many ways you can start using Electroneum – now. 

Instant payment transfers

Similar to PayNow/PayLah!, Electroneum allows instant payment transfers, but around the world, instead of only in Singapore. This enable instant transfers back to your own country – no fees, no middleman, no remittance company needed, saving on fees for example.

Purchase of Goods and Services


There are several merchants that already accept Electroneum. One platform is AnyTask, which is a freelance platform with over 650,000 users allowing people to sell their professional services. It is the first freelance platform that provides access to the global digital economy for the world’s unbanked. AnyTask sellers do not need a bank account, nor do they pay seller fees.

You can find out more here.


Another way to spend Electroneum would be Locktrip. Locktrip is a blockchain-based travel discount website which allows Electroneum as a direct payment option,. It is also an ecosystem and marketplace where customers can search, find, and book hotel rooms and other accommodation worldwide. It is the first platform to allow customers and property owners to deal with each other without fees.

You can read more about it here.


Should you Invest In Digital Assets/Cryptocurrency?

Investors can consider allocating a small percentage of their resources to invest in digital assets/cryptocurrency, as it is starting to become a viable investment asset class. Do approach a certified financial advisor such as Kenny Loh to find out how you can include cryptocurrency into your diversified investment portfolio.

This is not a recommendation. Investors should understand their own financial objectives, investment horizon, risk profile and their current financial situation before deciding in any sort of investment.

Kenny Loh is a Senior Consultant and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments, Digital Assets and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also an invited speaker of REITs Symposium and Invest Fair. Kenny Loh also offers REIT Portfolio Advisory for a fee. Do contact him at kennyloh@fapl.sg 

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Webinar – How to build your Investment Portfolio and Ride Big Trends in 2021 by Kenny Loh

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On the 9th March 2021, Kenny Loh held a webinar organized by WealthEnjoy, with the title Big Trends To Ride in 2021 & Beyond To Build Your Resilient Portfolio.

In this webinar, Kenny Loh covers his investment strategy in 2021. He covers events that will affect markets worldwide, including the impact that 5G will have on current markets, the COVID-19 pandemic, China growth, Emerging Market growth, Artificial Intelligence etc. He will also cover the many different types of Investments in 2021, from alternative investments such as Cryptocurrency and Gold, to Investment Properties such as REITs and Unit Trusts, and how to start building your very own portfolio. 

To find out more about this webinar, do visit this page on WealthEnjoy.

Alternatively you can watch the webinar below (with timestamps included).


11:55 Start of Webinar

12:32 About Kenny Loh

13:52 Introduction: things to take note of

15:01 Investment Strategy

19:23 Summary of the Current Macro Environment

22:30 Thematic Portfolio 2021 (& explanation of Investment Portfolio)

26:01 Thematic Investing 2021 (Core Portfolio and Satellite Portfolio)

27:35 China’s Growth Story

29:43 China Equity

31:07 Technological Disruption

32:42 Artificial Intelligence

34:37 5G Networks

39:33 Internet of Things (IoT)

40:27 Effects of 5G

42:50 APAC ex Japan Equity

43:30 Financial Sector

44:45 Emerging Markets

47:41 Private Equity

49:01 Singapore REITs

50:22 Gold

51:46 Cryptocurrency

54:28 Uses for cryptocurrency

1:00:25 Digital Currency Funds

1:02:17 Thematic Portfolio 2021 (Past Year Performance)

1:03:29 Thematic Portfolio Example (Kenny’s own portfolio)

1:04:29 Why and who should build a diversified portfolio?

1:06:15 How to build a diversified portfolio? (and ways to do it)

1:09:03 How to start investing now?

1:11:23 End of Webinar

1:12:49 Advisory and managed account services

Start of Q&A

1:14:39 Why is there a rotation from big cap industrial REITs to other stocks?

1:17:06 Will you manage accounts for your clients?

1:18:59 Mapletree REITs got beaten down this year. Is it a good time to buy?

1:20:31 Which REITs sectors do you think will be bullish in the near term?

1:22:15 What would be the minimum amount required for your advisory service and/or managed account service?

1:25:08 Are you looking only into Unit Trusts and not Stocks/ETFs?

1:27:39 Right now, is the market focused on recovery or inflation?

1:29:25 What is your personal view on the spike of yield spread and how to take advantage of it?

1:31:25 If  I already have an investment portfolio, will you help to advise on my portfolio as part of your advisory service?

1:33:01 Gold prices have dropped substantially recently. Do you see a rebound on the gold price soon?

1:34:20 What are the fees for the advisory/managed account services?

1:35:05 Do you have any cryptocurrency assets in your portfolio and what percentage?

1:37:45 I noticed that you did not include US in your asset allocation. Is that true?


To find out more about Kenny Loh’s advisory and managed account services, please submit the online form here. 1st consultation fee will be waived!

To view more past webinars, do visit the events page here.


Kenny Loh is a Senior Consultant and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also invited speaker of REITs Sympsosium and Invest Fair. 
You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement
Build your Diversified Investment Portfolio Today!
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Will Crypto Forks Affect Your Crypto Trading Platform?

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Yes. But also no, and in general– sometimes. Want some real answers on how any of the latest forks could affect your favorite trading platform? You’ll have to keep reading.

Cryptocurrencies have long been the face of technological innovation in finance. While Fintech has seen a small share of the headlines, nothing has shifted the way we think about and use finance in the ways that cryptocurrencies have. But with near constant innovation, comes change. And in crypto, with change comes forks. Don’t start counting tines just yet, as many of the forks that cryptos employ go largely unnoticed. Which means that your holdings and your favorite crypto trading platform will go largely untouched.

Platforms like Bitvavo snag and retain their clientele by helping to guide newer users through the often confusing avenues of crypto. Helping to get novice buyers and retail investors a more solid footing in the market. So when it comes to new types of innovation, these crypto trading platforms are some of the best to look towards when you need more continuity and less continual change. Moreover, many of these newbie focused platforms will also trade in forked coins and still interface with original systems and protocols. Which is super helpful to anyone who wants to enjoy both the way things were, and all the ways they could be.

What is a Crypto Fork?

A crypto fork is simply a change in the existing protocol of a given cryptocurrency. The design of any crypto is based off of a protocol– a digital set of instructions that tell a crypto how it works and what it should be doing. These rules establish how data is shared, how the blockchain or other associated ledger system is structured, and how validation systems work. When a cryptocurrency wants to advance their existing structure, or change the way a given network works in order to better keep up with evolving technology– they have to create a fork.

Crypto forks are more akin to a ‘Fork in the Road’ than they are related to the ones you eat your dinner with. In the world of digital finance, there are two types of forks you’ll want to concern yourself with: Hard forks and soft forks.

Soft Forks

Soft forks are changes to the protocol that don’t really affect how the network functions. These are considered ‘backward compatible’, where the new protocols will still be able to interact with older protocols. This means that any block (or chunk of transactional information) that is validated under the new protocols, will still be recognized by the old nodes (validating computers) connected to the network. However, the information processed by old nodes will not be recognized as valid by newly updated nodes. So in order for soft forks to eventually become accepted by the entire network, the majority of the nodes connected to the network will eventually update to the new protocols. Like going from Windows XP to Windows 10.

Soft forks happen all the time and generally include changes to the protocols that look to add security updates or attempt to address any scaling issues the original protocols may have presented. However, sometimes, soft forks aren’t embraced by the majority of the network. This is how hard forks happen.

Hard Forks

Hard forks happen when the majority of a network decides to stick to old protocols, meaning that nodes that have opted to pick up newer protocols will eventually become invalidated by the majority of the network still functioning under old protocols. Remember that new nodes don’t recognize old protocols. So if the majority of your network is functioning under old protocols, the spare few that have upgraded will become the anomaly, and the information they process will be useless to the network as a whole. 

When this happens, new protocols are either abandoned, or the nodes that have decided to keep the upgrade will essentially branch off and become a new type of crypto token. This is what happened with Bitcoin and Bitcoin Cash. When a hard fork occurs, it can be a blessing or a curse for the network, depending on how the newly minted token performs. In the case of Bitcoin Cash, the hard fork performed very well. Offering a new token for investors to consider.

Can They Affect Your Trading Platform or Habits?

So as you can see, most soft forks are unlikely to affect your crypto trading platform, or any network you engage with, by much. It’s really the hard forks that you need to keep a keen eye on. For some networks, a hard fork can signal the end of a lucrative token. For others, it can mean the encouraging enterprise of two new investment options.

Perhaps most recently, the ethereum networks hard fork has presented the crypto world with one of the most anticipated hard forks ever recorded. “The Beacon Chain” is the long anticipated next step in the evolution of Eth2.0, or “Serenity”. Serenity looks to completely overhaul the way that the ethereum network functions, hoping to improve many security and scalability issues that have long plagued the original blockchain model.

The network hopes that eventually, the original ethereum platform will be entirely absorbed by Eth2.0, integrating the original Ethereum blockchain into the new ledger system that Serenity uses. Which means that there won’t be any big changes for investors or trading platforms to worry about, but it could mean that there will be new and innovative ways to invest in crypto in the future.

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