Why Ripple, Tron, and Cardano are top promising crypto investments - Global Coin Report
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Why Ripple, Tron, and Cardano are top promising crypto investments

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Ripple Tron Cardano

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.

Ripple (XRP)

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.

Tron (Trx)

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.

Cardano (ADA)

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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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