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Ripple is more likely to convince crypto detractors than even Bitcoin
According to a declaration recently made by one of the most important figures in the independent financial services around the world, it is more likely that Ripple manages to convert crypto critics than even the leader of the market, Bitcoin.
The asseveration was made by the CEO, and founder of deVere Group, Nigel Green, who forecasts this could be actually the case since Ripple (XRP) just happened to had an outstanding inversion of $62 billion to its market value. Besides, during this period of time, the virtual coin also managed to increase values from $0.6500 and $0.6600 to an incredible number of $0.7000 against the USD.
The businessman, who recently during this year launched an avant-garde app for crypto exchange denominated deVere Crypto, established that the crypto market heated-up as the last year approached its end with several investors putting their bets on different coins — a fact that made Bitcoin to even reach the impressive value of $19,000, the highest value the coin has ever had. As a consequence, there was a price adjustment during the current year’s first quarter, making most of the coins in the market to fall down.
However, he assured that currently, the crypto market is gaining value once again, which makes the sector to be more optimistic about the prices that are going to appear in quarter number two, a bullish behavior that is being strongly predicted.
Likewise, regarding the compelling performance of the crypto market, he stated that for sure this latest traction was due to the fact that every time more institutions and retail investors are becoming aware of the fact that digital currencies are definitely needed in an environment fully digitalized and driven by technologies.
He continued:
“Also there is now huge awareness that blockchain, the technology that underpins the likes of Bitcoin and Ripple, is likely to be the world’s next major disruptive technology.”
Nevertheless, we know for a fact that not all is rosy for the encrypted money, and this is definitely seconded by Mr. Green — who agrees on the fact that even when cryptocurrencies are gaining ground lately, there still are a lot of detractors out there which don’t feel the revolution of virtual money is positive in any way.
Related to this, he thinks “Ripple (XRP) can be expected to convert the remaining crypto cynics”, an asseveration that is completely justified under the fact that the main objective of Ripple has become to integrate its services with central and commercial banks, just as with the main financial institutions around the world.
As an example, he quoted the recent alliance made by the audacious Ripple with the giant of the banking Santander, which recently has launched a service for foreign exchanges using blockchain technologies developed by Ripple in order to make international money transfers that last only one day.
Moreover, it is known as well that the company is negotiating with other major global banking entities and money transfer organizations with the intention of developing related products.
He concluded saying that even when cryptocurrencies are on its way to emerge, caution must always be taken as it’s a business moved by sentiment. Nonetheless, he also assured that Ripple will definitely help in the global embracing of such technologies and concepts.
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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 Aram 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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