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Reasons Why Ripple, Stellar, Verge, and Tron are the future Cryptos

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Recent cryptos like Ripple (XRP), Stellar (XLM), Verge (XVG) and Tron (TRX) are trending among trade investors across the world today, and this is due to their exciting features and futuristic goals. However, another joint characteristic that these digital coins possess is that they have a reasonable price to the dollar. It is important to know that XRP is now traded at $0.65, XLM is traded at $0.25, XVG is traded at $0.096, and last but not the least, TRX is at $0.04.

One question that comes to the mind is, what common feature do these digital coins have besides having a reasonable price to the dollar? Well, it is worth noting that these 4 vital digital coins have what we call a “Proof of Concept,” which means the apprehension of a particular method or notion in order to exhibit or show its feasibility. Proof of Concept may also mean an act of demonstrating with principles in order to verify practical concepts that have potentials.

Indeed, it is uncommon for most cryptocurrencies to come up with their own Proof of Concepts. Most of the cryptocurrencies without a Proof of Concept can’t really come out to show how they have given a long-lasting answer to real-life problems that they have promised to do. For us to get the concepts of Ripple (XRP), Stellar (XLM), Verge (XVG) and Tron (TRX), we will take an abstract look at them each of them.

  • Ripple (XRP)

The main aim of Ripple (XRP) is to offer a good user experience to all participants. This implies that every Ripple user can be able to receive and send funds instantly without encountering any barrier, through the use of its blockchain technology.

Subsequently, there haven’t been any complaints or whatsoever concerning the trade of funds globally. Also, the digital coin has recently partnered with reputable and big financial institutions that propose to use the Ripple payment feature through Xvia, xCurrent, and xRapid. Besides, Santander has declared lately that it has adopted the use of Open FX which works on xCurrent – this is what we call a Proof of Concept.

  • Stellar (XLM)

The Stellar (XLM) aims to foster the connections of banks and other financial institutions for the transaction of funds to be done instantly without participants acquiring costs. This digital coin has proved this feature through its collaboration with companies like IBM.

  • Verge (XVG)

Verge (XVG) aims to improve on the old blockchain like Bitcoin. It also aims to provide its users an efficient way to transact funds and trade efficiently in a more decentralized way, with their privacy intact. Privacy is one feature that Verge (XVG) holds in a high esteem. And with its Verge’s Wraith Protocol, every user can rest assured of private and secure trade 24/7.

  • Tron (TRX)

Since its inception, Tron (TRX) had endured lots of FUD on the internet to release its Testnet last month. However, the final Mainnet is set to be released on May 31st. This digital coin has changed from a decentralized entertainment blueprint to decentralize the web today. It is necessary to note that this project also has 9 DApps which has a fan-base of about one to two million at present.

The above-stated features in this article are the vital reasons why Ripple (XRP), Stellar (XLM), Verge (XVG) and Tron (TRX) are the future of cryptocurrency; they all showcase the Proof of Concept. In the near future, these cryptocurrencies will take over the crypto-world.

We will be updating our subscribers as soon as we know more. For the latest on cryptocurrencies, sign up for our free newsletter!

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 Blake Patterson via Flickr

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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