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Ripple, Verge, and Litecoin: Accelerations slow down but solidity grows

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Ripple Verge Litecoin accelerations solidity

Ripple’s XRP crypto coin’s price is going up every fifteen minutes on average. It’s still below the raging channel’s line. It tested the $0.86 line, but it didn’t go beyond that, which renders it vulnerable to downside corrections. An Obama’s former regulator has recently said (not that it’s relevant under Trump) that Ripple and Ethereum break the country’s security regulations.

Gary Gensler (that is the man) says that further proof of authenticity is needed. Ripple’s current value seems to be utterly unaffected by such comments but, in general, those thoughts could affect the whole crypto industry (at least within the US).

Let’s put that aside for now and have a technical look at Ripple’s XRP

Right now Ripple is about the 50% FIB retracement level. It’s been dancing between $0.58 and $0.89, which means its value is supported by the ascending channel’s bottom trend line. Right now the XRP/USD rate is shaking around $0.85 with a simple moving average of fifty. Things look good for short-term trading, and it has a lot of momentum.

Verge’s Price 

Verge’s XVG price is another story. It went above the $0.1 psychological barrier, and it even had transactions above $0.11. But investors want safety and balance. XVG’s partnership with the Mindgeek (a big player in the porn/adult entertainment industry) kind of stopped growth. It’s been called a misunderstood partnership, yet profitable. But it could still grow a lot in the short run if only because it benefits so many users who want to remain anonymous and still transact.

But forget about Mindgeek. TokenPay is finishing some bank acquisitions in Germany, and they are also Verge’s (XVG) partner. This could make XVG the first cryptocurrency to be relevant in the very rigid (even more in Europe, even more in Germany) banking industry. TokenPay announced recently that they would make XVG debit cards available to their customers, and the community in general, sometime very soon.

Verge’s price is around $0.0801 right now. Keep an eye on it when you consult the 4-hour charts. It could be a great short-term option in the event of new declines in the market.

 Its value has been between $0.024 and $0.115 recently. But its market penetration is quite important so it should not go below $0.70 in the near future.

Litecoin’s (LTC) Price

Litecoin (LTC) has been under $150 lately. But it’s been gaining momentum as the 50 simple moving average works in its favor.

On the other hand, it’s been as high as $161 recently, but also as low as $112. Currently, $151 per token would be a safe bet. 

Current financial indicators are a bit confusing. Buyers and investors are going for $160 per token, but even this $150 is a good recovery sign for enthusiasts. Just keep watching, chances are Litecoin will remain a good option.

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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 Eric Vondy via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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 been…

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