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Ripple (XRP) Has A Lot In Store For HODLers
Ripple is generally considered as a centralized real-time gross settlement system (RTGS) that continues to amaze investors because of its rising value in the world of the cryptocurrency. Ripple has now become one of the most treasured startups in the U.S. because of its holdings of Ripple coins or XRP. Its name is now considered just next to Uber, Airbnb, Palantir, and WeWork. Ripple coin is the only digital asset that is specifically created for catering to the financial institutions for making easier payment transactions.
Ripple (XRP) is generally considered one of the most scalable digital asset that acts as a bridge between the fiat currency. However, there are several factors that help Ripple/XRP in becoming the third best coin of the crypto world. Ripple has gradually taken over the market by making some interesting ventures. The coin is generally known for some interesting factors like cross-border payments, cheap and fast transactions and many others. There are various factors that make Ripple (XRP) one of the most popular coins in the realm of the crypto world.
The reasons are discussed below:
- Ripple is paying to get Enlisted:
According to the recent updates Ripple has decided to get enlisted by offering financial incentives. The two exchanges that got the offer from Ripple are Gemini and Coinbase. Paying financial incentives to get enlisted on the market is not a new thing in the world of financial investment. But any of the currencies or foundations offering such financial incentives in exchange for getting enlisted is somewhat new. Ripple is the first blockchain based startup that has proposed this kind of offer. Ripple has offered 1million dollars in cash and in addition to this It has also offered Gemini 100 million dollars in XRP. Thus, Gemini could trade these coins by themselves for making some profit. However, Ripple representatives have denied the information declaring that they are just attempting to make Ripple (XRP) one of the fastest coins with a higher rate of liquidity and cheapest transactions. A lot is expected from Ripple in the next few months, some of which might really surprise the investors.
- Partnership with Slovenian metal:
Ripple’s partnership with Slovenian metal trading company has garnered plenty of attention. This partnership resulted in the joint project named eMetal. Ripple and BPG Group, a Slovenian company joins hands, allowing the investors to invest more in the metal industry and trade with metal.
- Association with the Remittance Industry:
In April, a declaration has been made that Ripple may attend Global Money Transfer Summit along with 9 others speakers aiming to discuss the novelties in the remittance industry. This is a good chance for Ripple to represent its idea for global money transfer that could contribute to revolutionizing the remittance industry.
- Allvor and Ripple:
Allvor is the first cryptocurrency that is going to host on Ripple’s ledger. Ripple has made a significant step in the cryptomarket by adding Allvor to its ledger. Allvor that is specialized in e-commerce is running on blockchain ledger of Ripple network as it is the best and the most advanced data-based technology in the market.
- Market analysis:
According to the recent analysis of the crypto market Ripple (XRP) has started trading a bit lower than the dollar. At the time of writing, Ripple XRP, the price has dropped by -2.49% against the dollar that means XRP is currently available at the rate of 0.49$ per one unit. Although it ranks as the third-best coin on the global coin ranking it is still a bit far from its all-time high price rate when it is compared to the current state in the market.
However, there is still a ray of hope for HODLers as market experts are making predictions that the price of Ripple XRP can go up because of its association with two major exchanges that are Gemini and Coinbase.
We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!
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 Thomas Hawk via Flickr
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. One of the ways to have a successful…
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…
Altcoins
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…
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