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Here Is Why XRP, Stellar (XLM) and Tron (TRX) are The Future

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What do the cryptocurrencies of XRP (XRP), Stellar (XLM) and Tron (TRX) have in common right now?

Firstly, they are all reasonably priced at under half a dollar in this terrible bear market. XRP is currently trading at $0.44 at the moment of writing this and down 2.53% in the last 24 hours. Stellar (XLM) is currently priced at $0.18 and down 3% in the last 24 hours. Tron (TRX) has also not been doing too well and is valued at $0.032 and down 3.27% in the last 24 hours.

The current low price of these three digital assets is one reason why they are the future of crypto investing. There has never been a better time to get any digital asset at its cheapest than this present moment. We all remember how the lucky buyers of Litecoin (LTC) at $4 early in 2017, are still patting themselves on the shoulder for believing in the digital asset that is now valued at $75 a year later and in a bear market. This is a 1,775% increment in 12 months.

Taking this percentage increment and applying to XRP, XLM, and TRX we get $7.81, $3.20 and $0.568 respectively. These are not bad figures at all ladies and gentlemen. Not bad at all!

Secondly, these three coins are backed by wonderful blockchain technologies. XRP has its own ledger and utility in the Ripple company’s product of xRapid to source instant liquidity for cross-border transactions. The Ripple company has clearly stated it is a software solutions company that coincidentally uses XRP. Therefore, as the Ripple company expands, so shall the use of XRP in banks.

With respect to Stellar (XLM), the foundation has partnered with IBM which has in-turn partnered with the Australian government for the development of blockchain technology, A.I (artificial intelligence) and quantum computing in the country. This means that the Stellar blockchain and XLM will probably be used by the Australian government along the way.

Tron, on the other hand, has one of the fastest Mainnet platforms that can handle 2,000 transactions per second. This number is 80 times the capability of Ethereum’s network. For TRON, the future of DApps is for the taking when we look at it this way. Even Zilliqa cannot edge out TRON. The Tron foundation has done a stellar job marketing the platform that switching to Zilliqa will be as hard as defying gravity.

In conclusion, the three coins of XRP, XLM, and TRX are the future of crypto investments as well as blockchain technology. The current bear market is a good time to grab a few of these digital assets for the future is bright for crypto with the institutional money destined to come in any time now. There is also the fact that each of these coins have great blockchain platforms to further push their individual platforms into the future.

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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.

Image courtesy of Tore Bustad via Flickr

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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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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