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Crypto market analysis: Bitcoin, Ripple (XRP), and Tron (TRX) price surge

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For starters, last week witnessed Major League Baseball (MLB) announcing their intention to release an Ethereum based virtual, collectible game later during the Summer of 2018. The Major League Baseball in collaboration with Lucid Sights, a blockchain gaming firm, is working on a game-changing dApp that is going to boost the baseball fandom.

How this is going to work is MLB Crypto Baseball similar to CryptoKitties, blockchain’s most popular game, will allow users to buy and exchange virtual kittens, using Ethereum as the mode of coinage. Given that virtual assets have established themselves as profitable ventures, MLB’s primary objective in presenting the Ethereum-based game is to attract young individuals back to baseball by increasing its hype.

While MLB might be the first major league to back the blockchain technology fully, they are not the first sports utility to commence adoption in America. NBA’s Sacramento Kings, one of the most tech knowledgeable commercial businesses in all of the sports, accepted Bitcoin in 2014 to be one of their ticket and merchandise payment options.

Cryptocurrency Market in the Green

Bitcoin

Although being down for almost one month hovering below 7,000 US dollars, Bitcoin has started to bounce back in the last seven days or so. Yesterday’s market activities saw Bitcoin prices skyrocketing registering a jump of 600 US dollars in less than 2 hours. Other virtual currencies such as Moner, Cardano, NEM, and EOS have followed the trend showing significant price increment in yesterdays and today’s market activities.

At the time of writing, Bitcoin is currently exchanging at $8,180 per digital coin, an estimated 600 US Dollar increment from its previous 24-30 hour market value, according to data released by Coinmarketcap.

At the time of writing, cryptocurrency total market cap stands at $140,449,716,215 up against its previous 126,178,000,000 market cap. Also, Bitcoin’s market cap has gained about $10 billion to currently stands at about $126 billion against the last $116 billion mark it was recording just about a week ago.

Ripple (XRP)

Like other leading virtual currencies, Ripple has been on a bullish trend since the start of Q2. On 10th July, Ripple (XRP) had depreciated to a low of 0.44 US dollars trading horizontally before the bulls took the coins value to a high of $0.51. Given that Ripple (XRP) is now out of the range bond zone of 0.45 US dollars and 0.42 price levels, Ripple is expected to continue with its momentum promising a brighter future for coin holders.

Tron (TRX)

As we all know, Tron has been making headlines having an eventful two months closing deals and signing significant partnerships with other significant financial players.

Tron is not being left behind in the ongoing bull run being experienced in the market with its prices jumping to $0.03769 today. A price surge of more than 8 percent in the last 24 hours.

According to CoinMarketCap, Tron’s (TRX) market cap currently stands at 2.4 billion US dollars. Many experts believe that today’s price surge of Tron is caused by the confirmation of Tron acquiring biggest p2p platform, BitTorrent, and will continue to climb.

Conclusion

Many crypto enthusiasts are attributing the current price surge by Bitcoin, Ripple (XRP), and Tron (TRX) being experienced due to several high-profile recommendations from the financial world.

Goldman Sachs, the new chief executive of US investment bank, is reportedly looking into ways he can venture in the crypto market. Also, giant hedge fund, BlackRock, is also reportedly building a team to study and investigate the uses of blockchain and bitcoin in the market but are said to be doing so under the radar. And now, today, the confirmation came in that Justin Sun, the CEO of Tron has ‘actually’ acquired BitTorrent. It seems like good fortune has come back to the cryptocurrency world.

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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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CoinFlip Scores Big with BRD Wallet Partnership

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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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New Tendencies of Bitcoin Gambling

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Gambling has always been an integral part of human nature. Nothing is sweeter than the money you win, and that’s why wagering games have always captivated people throughout history. Last couple of decades saw the gamblers switch increasingly towards virtual gaming, instead of physically being inside a casino. The popularization of online casinos led to the integration of Bitcoin Gambling into the systems and today a very large share of the casino industry is based on the virtual currency.

Reasons behind the transition

The tendency to switch from classic casino environment was dictated by the fact of mobility and accessibility. But the new age has brought us cryptocurrencies like Bitcoin that revolutionized the gambling business. From now on, the gamblers of the world don’t have to rely on traditional banking transactions to be able to enjoy themselves online. A simple crypto-wallet and ownership of virtual currency is enough to engage in Bitcoin Gambling.

Bitcoin Gambling and Blockchain Technology

The big reason for the heavy shift towards Bitcoin Gambling is the fact that Bitcoin and other cryptocurrencies are based on the blockchain technology. This means that the process is decentralized, resulting in a much faster speed of transactions, when it comes to depositing or withdrawal of funds in or from the casino accounts. It also makes gambling incredibly secure,…

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Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over…

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