Connect with us

Blogs

Demand for Ripple XRP spikes! A fledging unicorn startup adds XRP to its trading platform

Published

on

Ripple

Of all the cryptocurrencies in the top 100 list of the best coins in terms of market capitalization, there is no denying that Ripple XRP receives the most bashing from pioneer crypto enthusiasts simply because it has a centralized appeal to the banks. In contrast, Ripple has recorded the most profit with its price gaining by a massive 30,000% in 2017 alone. In fact, other digital currencies have come nowhere close to what that tremendous rally and growth in price.

Perhaps it’s this growth potential that the XRP posses that make it receive so much hate and so much love almost in equal proportions. We are not saying that Ripple XRP is immune to market fluctuation. After all, XRP has since dropped drastically in price to its current mark at $0.6 if you are to compare it with its price earlier in the year in the range of $3 per XRP. Even then, the coin had managed to maintain a somewhat stable 3rd position with increased listings in various exchange platforms surpassing the likes of Bitcoin and Ethereum.

Overwhelming Demand for XRP

However, if recent reports from Forbes are anything to go by, Ripple XRP might be on its way to gaining even more traction and adoption. The coin just recently got supported to Revolut’s trading platform to which Vlad Yatsenko ( Revolut’s chief technology officer) responded saying:

We’ve been asking the Revolut community which cryptocurrencies they would like to see next and the demand for both XRP and Bitcoin Cash has been absolutely overwhelming

More about Revolt

Revolt is a London based fintech startup that boasts of being one of the fastest growing startups in Europe with a daily 100,000 Bitcoin Litecoin and Ethereum trading volumes. The company has over 400,000 users on its platform with 20 percent of the users already trading on its mobile app developed last year.

Revolt users can use the app to change fiat currency into digital currency not to mention trade cryptocurrencies against other cryptocurrencies. The company’s move to take up digital currencies like Ripple XRP and Bitcoin Cash is because these two are the least supported cryptocurrencies by the big exchanges. Furthermore, Revolt prides itself in listening to community feedback and the fact that XRP is now listed on its exchange is a clear sign that adoption of XRP is gaining traction

In fact, recent reports of Hollywood star and actor Ashton Kutcher paying $4 million in Ripple to Ellen Degeneres’ wildlife fund are clear examples of just how fast the ripple XRP is gaining mainstream attention and adoption.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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. One of the ways to have a successful…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

on

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…

Continue Reading

Trending