Predicting the prices of virtual currencies seem to be one of the biggest trends in recent times. Many cryptoanalysts and pundits are looking into the future hoping their favorite digital token is the next big thing. Ripple (XRP) is among the virtual currencies that have been getting the most attention, and many are looking into the possibilities of what might happen to this digital asset in the next five to ten years.
Still, Ripple (XRP) enthusiasts and followers still argue that the coin is worth investing in at the moment considering its low prices (compared to what it deserves).
Currently, one XRP exchanges at $0.48902, but a lot of pundits agree that the low prices are only a temporary thing as the coin shows a lot of potentials to skyrocket anytime shortly.
This is not a far-fetched thing to expect, considering Ripple (XRP) is still a very young virtual currency that has managed to develop rapidly by creating several products that have turned it into the go-to virtual currency for financial institutions and banks around the globe.
Is their hope for Ripple (XRP)?
Back in December last year, everything seemed to be ‘perfectly’ fine with Ripple (XRP). Just like other virtual currencies, Ripple was skyrocketing and was quickly becoming one of the most significant digital tokens in the crypto market. In fact, Ripple (XRP) managed to pass Ethereum, and many observers believed that it was going to become Bitcoin’s direct opponent.
On a weekly basis, Ripple has appreciated about 12 percent as investors continue to reverse the two-month price slump that was experienced. As it stands, investors are in charge and are positioned to be the biggest benefactors, thanks to the resurgent Bitcoin and Ethereum hauling prices from the main support line.
Many believe in Ripple and its potential of becoming the leading currency in the future considering its rapid development since it first showed up in 2017. Back then, Ripple (XRP) was priced at 0.0064 US dollars per token, and in a short period, it reached 0.8 US dollars.
Before dropping in value early this year, many crypto enthusiasts believed Ripple (XRP) was going to surpass the 9 US dollar mark by the end of 2018.
With the current situation, I think it is safe to say that this might not happen this year, but that does not dismiss Ripple (XRP) ever reaching those heights and beyond. In fact, considering the tremendous work Ripple has been doing, many believe the crypto-coin has the potential to surpass the 9 US dollar mark predicted once everything settles down. It is just a matter of time.
At the time of writing, Ripple (XRP) is one of the top gainers in the last seven days recording bullish trends that have seen the coin surging above the 0.45 US dollar mark. Tuesday evening, Ripple prices rose sharply from 0.45 US dollars to sit above 0.5 US dollars in a matter of hours. The days gain have seen Ripple’s total market cap rise to 20 billion US dollars, up from about 18 billion US dollars.
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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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…
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…