Ripple hasn’t been a favorite on publications online. The media is somewhat negative about XRP and its activities. As one can expect, most of these publications and articles about XRP have caused fear, uncertainty, and doubts among Ripple investors. If you take a look at cryptos such as Bitcoin, there are lots of positive news about it, and probably this is one reason why the price of Bitcoin is breaking away from other cryptocurrencies at the moment. At the time of writing, the value of XRP is at $0.46145, went up by 1.31% in the last 24 hours.
Most of the media news are being influenced by the ‘whales’ to talk down on XRP. Current media news constantly talk about what will happen to Ripple (XRP) if it is declared as security – will it survive? Will its price dip further? These are some of the news articles you would find trending about Ripple XRP today. These media publications have installed fear and doubts in the mind of Ripple investors. It is necessary to know that in the last 24 hours, XRP’s price went in green; still, it is unlikely that the price of XRP will keep going up dramatically. We will have to wait.
Ripple will not be declared as a security. The company has been working with different regulatory bodies right from the start, declaring that Ripple and XRP are not alike; and that if Ripple ceases to exist, XRP will still remain. Ripple is closely working with the SEC, trying to finalize and clarify things so as not to be declared as a security.
The current media publications still weigh down XRP and the whales are waiting for that big moment to gather as much XRP as possible before SEC’s announcement on Ripple not being a security. With that in mind, now is the right time to buy and invest on Ripple before SEC’s announcement.
Cross-border payments will be powered by Ripple (XRP) in mass very soon
Ripple recently filled two new transaction trademarks. Both trademarks work on the same design, and they both run on Ripple’s network. It is however likely that any application that runs using Ripple knit such as OnePay will show the trademark. This new feat by Ripple is a big one and it shows the company’s commitment towards facilitating cross-border transactions.
This also shows us a glimpse into the future that anytime we perform a cross-border transaction or make use of our payment application, there may be a pop-up that the transaction was powered by XRP or Ripple. Ripple and XRP will be powering the majority of financial transactions in the future. The recent Ripple trademark is seen as a software that provides an electronic financial platform to facilitate financial transactions over a computer network.
Finally, Ripple is a futuristic platform, and as an investor, don’t cloud your judgments as a result of the negative media publications about Ripple – there are big players manipulating it. You need to know that great things are about to happen, and this is the right time to buy and invest in Ripple (XRP).
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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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Should Crypto Projects Devote Resources to Community Growth and Marketing?
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…
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 been…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…