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

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Bitcoin Ripple Tron

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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Bitcoin

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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