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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TokenPay (TPAY), Litecoin, and Verge (XVG) alliance about to transpire
Ever since the cryptocurrency sphere was met with the news of the partnership between Litecoin Foundation, TokenPay, and Verge (XVG), the idea of them coming together has been among the most controversial news to ever surface in the cryptocurrency world.
The collaboration managed to even draw the attention of one of the most renowned crypto-influencer and bitcoin campaigner, Tone Vays. In his usual style, Tone took to Twitter handle on hearing the news, tweeting and expressing his disapproval while criticizing the creators of the three cryptocurrencies for allowing such a move to occur.
In retaliation to the attacks from Tone, Charlie Lee, the MD, and founder of Litecoin (LTC) posted his clarification on Reddit on the 17th July in regards to the partnership. Litecoin’s CEO started by explaining the dissimilarities between Litecoin as a currency and Litecoin as a company.
In his remarks, he said that Litecoin as a blockchain and crypto network is a decentralized network, whereas Litecoin Foundation as a company is a centralized non-profit institution whose goal is to ensure Litecoin (LTC) is developed, adopted, and used. Charlie also mentioned that Litecoin’s cryptocurrency and blockchain technologies did not require his direct services at the moment hence his concentration on Litecoin Foundation.
Charlie Lee made his remarks known saying:
“If Litecoin Foundation (LF) is exposed to not doing a good job, nothing should prevent another organisation to step in and do a better job. This is…
Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
4 Things That Will Make An Altcoin Successful
Since the crypto craze began, there have been hundreds of altcoins that have emerged and attempted to take over the world of crypto with their advanced and innovative ideas. While these days there are well over 2,000 individual coins, there have been many more to emerge and disappear, all within the last 10 years.
Clearly, having an idea and launching the coin itself is not enough. While it is by no means easy to do so, there are additional measures and rules that you, as an altcoin creator, need to consider if you want your coin to remain relevant. Clearly, not every idea can succeed, and after 10 years, it is quite difficult to present something new. However, cryptos are still a new technology, which is why there are still many unexplored possibilities that may allow you to reach success.
Secrets to altcoin success
1. Capturing the attention
As mentioned earlier, there is not a lot of things that are simple when it comes to creating altcoins. However, while your plan and idea make sense to you, no matter how complex they end up being, this will not be the case with potential investors. Many of them might give up on getting involved if they do not understand what the coin is all about, or if the road ahead seems too complicated and unclear.
This is why having an idea is not enough. What you need to…
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