Since it came to existence, nearly a decade ago, cryptocurrency has been met with constant streams of negative-sayers declaring the technology is headed for obsolesce and predicting its death before it goes mainstream. Even so, ten years later, cryptocurrency is flourishing and showing signs of becoming stronger with each day that passes.
For instance, a single Bitcoin digital asset is worth four figures in US dollars, and it seems the coin has found some stability along its growing security. Unfortunately, the same cannot be said for every virtual currency in the crypto market which now hosts more than fifteen hundred virtual assets and coins, each of which displays varying degrees of failures and success.
However, for all their potential and promise, virtual currencies still have a lot of ground to cover to break into the mainstream. At the moment, there are a few traders and financial institutions who are open and accept virtual payments.
But a majority of the bulk still settle for fiat currencies in their day-to-day activities. Critics argue that cryptocurrency might have been a flash in the pan but supporters, on the other hand, say the signs are clear even with the current shaky crypto environment, the sector will emerge stronger.
Top Promising Crypto Investments
In recent time, Ripple’s XRP, Cardano (ADA), and Tron (TRX) have been leading ahead of the crypto pack especially regarding adoption). But why are these virtual coins flourishing and leading? Let us have a look at what these virtual currencies have to offer, and what makes them a good crypto investment.
XRP (XRP) is a virtual currency that was created by Ripple Labs, a San Francisco based firm. Its mission and goal ever since its launch were to enter into agreements with as many financial institutions and banks as possible. True to its mission, XRP has been making the headlines almost every day. At the moment, Ripple has managed to enthusiastically enter into partnerships with financial institutions and banks that exceed more than 100 institutions.
A majority of their partnerships have been employed using xVia and xCurrent, but not Ripple’s xRapid product that transfers the XRP token. It is rumored that Ripple Labs is working on integrating the three Ripple products to give its users superior services on their platform. That will be huge for XRP.
Even though the XRP token has been discussed and even labeled as security by many analysists, Ripple Labs has already taken action to dispel these doubts and is making incredible efforts in separating XRP from the mother company, Ripple Labs.
Led by its visionary leader, Justin Sun, Tron (TRX) is one of the significant virtual currencies in the crypto market that has managed to make major steps towards mainstream consumption and mass adoption. Tron is one of the cryptocurrencies that has recorded major positive advances throughout this year.
Apart from successfully launching a TestNet, Tron also launched its MainNet that is currently live and kicking. The cryptocurrency went through a token migration that saw its digital tokens leave Ethereum’s platform to settle on its blockchain.
In the year, Tron managed to launch the TVM or Tron Virtual Machine and purchase BitTorrent which has now become an integral aspect of Tron’s new Project Atlas. The number of partnerships TRX has managed to onboard are in accountable numbers and have resulted in the adoption of TRX as an official payment currency on partner websites.
Tron’s ultimate goal is to make the internet decentralized and to revolutionize the entertainment industry.
Although being relatively new in the crypto space, Cardano (ADA) has been showing consistent developments that earns it a spot on the top three promising cryptocurrencies in the market.
Developed by Charles Hoskinson, Cardano (ADA) is one of the most trustworthy and stable cryptos around – thanks to its decentralized nature, scalability, and professional team. Cardano (ADA) technology guarantees users enhanced speeds during transactions and rock-solid reliability that can be used even in casinos as well as mobile gaming industries.
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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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Top 3 Cryptos to Serve as an Alternative to Bitcoin
The crypto market continues to struggle on its way of reaching mass adoption, with most people focusing on Bitcoin. However, Bitcoin still has its fair share of problems, a few of which are quite challenging, with no guarantee that they will ever be fully solved.
While Bitcoin is, and has been the largest cryptocurrency from the moment it was created, there is no guarantee that it will remain at the number one spot forever. While this is mostly what skeptics tend to say, it is still a possibility that cannot be ignored. With that in mind, here are top 3 cryptos that might serve as an alternative to Bitcoin in the future, or maybe even now, considering how high its fees are, and how long its waiting periods tend to be.
XRP has become known as a ‘remittance coin’ due to its goal of providing better, faster, and cheaper international transactions. It was created by a company called Ripple Labs, and so far, it has been one of the best ways for sending money cross-border. It works in combination with Ripple’s products such as xRapid, fueling it and allowing for near-instant transactions at low fees.
The company has decided to offer its products to banks around the world, and most of the financial institutions decided to accept the offer. This is their way of trying to…
Why HODLing XRP, BAT, and EOS is a Smart Idea
The crypto market continues to grow, even though the prices of its many coins were severely damaged during the so-called ‘crypto winter’ of 2018. Even so, the market has grown a lot, and it currently features over 2,100 digital currencies, all parts of their own projects, with a goal of making an impact and entering the mainstream.
Of course, it goes without saying that not a lot of these coins have real potential. Many of them came to be during the ICO craze of 2017 and early 2018 when investors were willing to buy just about any coin. As a result, new startups emerged, each offering its own cryptocurrency. Most of these coins are believed to be bad projects with no future, with only a matter of time before they are declared ‘dead.’
Let’s start with XRP. This is a coin created by a company called Ripple Labs. As a result, the coin has a strong connection to the company, which many have taken as proof that it is not a real cryptocurrency, that it is centralized, and that it will eventually fade away as a bad project.…
Why XRP is Worth Much Less than What Fans Expect
The crypto world is currently facing an uncertain situation as a result of XRP value. Many fans of the digital currency are arguing that the worth should be higher than what it now. A poll taken by Twitter this year showed that 80% of the participants want XRP to be higher than Ethereum. The participant preferred the digital currency to occupy the second largest position against what experts thought. Since XRP has not offered much to improve its reputation, the participant’s reaction was surprising indeed.
From what we have seen so far, one question to ask is, why does the cryptocurrency have many supporters? The simple answer is that Ripple focuses on offering remittance services to its fans more than other digital currency. The company offers many products of which one known as xRapid a cross-border payment service impress many supporters.
Why Fans expect an increase in value
Weiss Ratings did not hide the fact that their agency is not supporting Ripple. However, they admitted that the global payment platforms which the cryptocurrency created are commendable. This commendation proves that Ripple has been impactful in that area of blockchain tech application. Also, the players in the community have seen these achievements as well. Therefore, it is not a surprise that they expect an improvement in the market cap and price of XRP
Many people have raised arguments…
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