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Reasons proving Ripple (XRP) will not stay below $1 for Long
From the very beginning, XRP (Ripple) has been working on setting the lead for the cryptocurrency market, and that’s surely a mission accomplished for the company, which in fact, is conceived these days as the one to be followed in the whole industry.
Ripple has been showing some of the most consistent and significant steps on its path, even getting to create audacious strategies that for the rest of the companies seem to be unreachable.
Like so, is the bold move of working on hand by hand with the central banks around the globe, a fact that the company recently has loudly announced when stated they were addressing at least 40 or more of the world’s central banks with partnering proposals.
The game plan is not only well-elaborated, it is also very ambitious since of course, all of the commercial banks respond to their central bank figure, so if we see it through Ripple is targeting to engage as well with all of them. Thumbs-up on Ripple!
Ripple is keen to improve its transaction speed
With cryptocurrencies the faster the better, in fact, one of the reasons why the crypto users love these digital coins is because of the amazing speeds in operations, the main problem that on the other hand, regular financial forms haven’t been able to solve.
In this particular case Ripple has the ground all gained with a platform that allows the users to transact in a short period of time of 3 to 4 seconds, but still, the company feels like they can take it to another level; and to that responds the creation of a brand-new network denominated COBALT.
The new platform will perform transactions in the amazing time period of only 1 second, and even better, it is expected that when the platform is all set Ripple’s security could be improved even further.
Moreover, Ripple made public that COBALT will also manage to decentralize their system, a fact that could grant the company their spot on the Coinbase platform since the famous network only requires is that the coins function in a decentralized way.
Ripple refuses ICO possibilities
Ripple’s ledger is actually one of the most well-deployed among the market, on its decentralized and open-source platform many options are possible, including, of course, the possibility of launching the crypto tokens in it.
However, as recently was know different coders were trying to launch ICOs on the platform, recognizing that the ledger of Ripple is currently the best in the market, nonetheless, the company stated through a PR (press release) that they have no any intention of showing support or even promote ICOs on their platform.
Ripple is making its market wider
Ripple has made it today to finally appear in the Canadian market, the company was listed on the most advanced and important platform of the northerner country, CoinField, an exchange network in which its users will be able to trade using both XRP/USD and XRP/CAD.
The same way, at the end of March, Ripple made it to the British markets as it got its first pairing with GBT (Great Britain Currency) from LBX (London Block Exchange).
Ripple is maintaining its performance
Ripple Inc. has managed to perform in a better way than XRP, gaining more and more partnerships and even accomplishing to grow, an achievement of which, on the other hand, XRP hasn’t even been close to.
As a matter of fact, Ripple (XRP) is currently at a price of $0.47, a value that makes the coin decrease in a 4.3 percent, but in contrast, Ripple has maintained its third position in the market, and this fact let us conclude the XRP value won’t be under 1 USD for so long.
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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 Rev. Santino via Flickr
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…
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…
Altcoins
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…
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