The past few weeks (or months) have not been the best for the cryptocurrency investors as the prices were all on the downfall. However, in the past few days, things have seemed to get up again. Bitcoin is the giant coin and most investors for some time now have only been buying this digital coin.
Investors now thinking of getting into the market may consider several other crypto assets, and not only Bitcoin. Currently, bitcoin is trading at $8,700 (and that’ because of an overnight jump, it was $8,200 yesterday) from an initial high of $20,000. Assuming that bitcoin will regain the initial high again; any purchase now will get a return on investment of 140%.
That sounds great, right? But if everything stays as much constant that all crypto assets return to their original highs, then there for sure are some other cryptocurrencies that may have a greater ROI than bitcoin.
For instance, Ripple’s XRP at the moment is trading at $0.92 (hiked almost 20% just within last 24 hours) from its high of $3.30; therefore, it has the potential to provide investors a whole 300% return if it gets back to its original high. Everything is possible in the crypto market hence we can’t rule out any possibility of it happening and especially in case of Ripple that looks very much on the card.
In fact, it is very easy for Ripple as it is backed with great payment providers (well-known) as well as big-name banks. Ripple’s goal merely is making cross-border payments efficient for these banks and all the payment providers.
Ripple’s XRP reduces the movement cost for money transfers as it makes the whole process simple and faster. The time of money being stuck in accounts in different currencies is being reduced as it can be converted to XRP, and then sent to the recipient. Most banks and institutions are adopting the Ripple’s products, which is why it will get to its original high even sooner.
Furthermore, Ripple has signed partnerships with great players that include SBI Holdings, Santander, and LianLian International — these all three are mega players in their respective industries. Partnerships of this nature will for sure get Ripple more adopted and more familiar to the general public.
It goes without a say that recently reputable money transfer companies like Mercure FX, MoneyGram, Cuallix Mercadotecnia, and IDT Corporation tested Ripple’s rapid product. This is a good sign for XRP to get and do even better, in fact, several other financial institutions (more than 100) from payment providers to banks want to integrate Ripple’s blockchain solutions; Ripple XRP simply seems to be going viral.
Subsequently, as we head to mid-year, it only seems bullish for Ripple. But in case of failure, Ripple will cause a severe press to the entire crypto market; hence, a bad picture for the blockchain technology. And, as it looks now, what the future holds for the blockchain technology is for it to change the picture and shape of the world soon — like what the internet did.
With all that being said, Ripple is cheap, and for small account investors it is the best bet; therefore, it is all in favor of Ripple whereby bitcoin will more likely have a tough to keep up with XRP’s growth.
All that investors have to do is to be keen on their investment options as the market is getting up from the fiasco in the last few months. Ripple has got a big target market plus the opportunities already discussed that will let it grow, and as per now it only seems that the moon is the limit for this crypto.
In fact, it is all positive around the coin as well as the partnerships it is getting into proves not only the confidence institutions have towards it, but also shows that sooner Ripple XRP will hit its high and even beyond. Consequently, all powers are with the investors to make the right decision – and Ripple surely looks to be the horse they should put their bet on, of course, if they don’t want to regret later.
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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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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
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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…