Bitcoin and Ripple (XRP) are certainly great cryptocurrencies that can change the world. Although, both Bitcoin and Ripple (XRP) haven’t gotten the drive they need to become the game changers. However, in this article, we will take a detailed look at the final pieces that Bitcoin and Ripple need to revolutionize the world.
Bitcoin’s price will rise if it goes mainstream
Recent research from pollsters Gallup discovers the total percentage of people that have invested in Bitcoin and cryptos, emphasizing how well the price of Bitcoin will surge higher if more people invest in Bitcoin worldwide.
The recent survey was conducted on 2000 people in the United States, and as per the results, only two percent invest on Bitcoin and fewer than one percent of these people have plans to invest in it in the future.
Subsequently, most of the investors clearly stated their disapproval in investing in Bitcoin. Additionally, about 26 percent of these people say they are fascinated by Bitcoin but don’t consider investing in it.
“The price of Bitcoin is back on an upswing after crashing earlier this year causing some to say its bubble is again about to burst and others to argue that its value will only accelerate as more merchants inevitably adopt it. For now, most investors are on the sidelines, knowing little to nothing about bitcoin. Few are already in it, and even fewer plan to jump in soon.”
Gallup further added that “looking to the future, however, many younger investors who currently say they are intrigued may be converted to investors once the currency goes more mainstream.”
Taking the results of the survey into account, we have a total of 26 percent of the population in the U.S intrigued by Bitcoin. If the same conclusions apply to the rest of the world, and this set of people invest on Bitcoin (BTC), that would have a big effect not just on the price of Bitcoin, but on the price of other cryptos such as Ripple (XRP). This is the first piece that could change all, Bitcoin, XRP, and the world.
Ripple (XRP) – An alternative to Swift
Concerning Ripple (XRP), there are more shreds of evidence that big plans for Ripple and XRP are in the oven. Most central banks and the United States itself, as a country, are taking notice of the cryptocurrencies, because it is becoming a significant threat to them.
The U.S. currently enjoys its universal control over the global reserve. The U.S. Dollar seems overpriced considering its foundations closely, thus, putting its ability to borrow at risk – with that in mind, there is an estimate that it needs to borrow USD 10 Trillion in the next ten years.
On the other hand, countries like China and Russia are currently trying to reduce the dominance of the U.S Dollar in the international finance and also as the global reserve currency.
Russia on its own fears that the U.S would cut it off from the global financial system ever since the Crimea incident by excluding it from Swift. Since then, Russia has been taking good measures to shield itself from being cut off from the financial system by creating an alternative to Swift. Many other countries don’t want the U.S to be in charge of the global reserve; and clearly, a platform that has created a better alternative to Swift is Ripple.
Many moves are being taken by governments to retain control of the reserve currency, and Ripple has been involved in this regard. This is the second piece that needs to be placed to change the world. Many analysts see these pieces getting connected in the near future.
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…