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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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