Connect with us

Blogs

Ripple (XRP) June loss was 35%; can it recover after new 2018 lows?

Published

on

Ripple XRP

At the moment, the value of Ripple (XRP) is on the low side, dropping to 4.51% in last seven days. In the previous 24 hours, Ripple (XRP) got stable a bit (alongside the whole crypto market) and went down by 0.59% only. Just a couple of days ago, the coin reached its new lows this month to $0.453.

So, Ripple’s price fell from 0.546 USD earlier last week, but the price is now at $0.457. The dip margin doesn’t look significant despite the crypto-market being at a turbulent state lately.

The current trend with Ripple (XRP) takes us back to last year before the price increase with all cryptocurrencies from December last year to January this year. During the price increase, XRP recorded a surge from 0.45 to 3.81 USD – the price surge in the market only lasted till January.

Cryptocurrencies had an exponential increase in price in April 2017, but XRP didn’t really have many profits. Although Ripple (XRP) had a 60% boost in April, if we are to compare with other cryptos, Ripple’s percentage boost wasn’t up to the mark as other coins had a triple value to it at that time.

If we take a look at Ripple’s trend every month, there isn’t much to be happy about; this is due to the fact that it had a 35% fall since 4th of June when XRP was valued at $0.703 per coin.

CryptoCompare MJAC Blockchain Summit

During the 2018 CryptoCompare MJAC Blockchain Summit, in London, Ripple’s Daniel Aranda talked about the company’s future, the upcoming new type of internet called IoV (Internet of Value), and Ripple’s role in this new type of internet.

Aranda disclosed how Ripple could introduce the IoV to the world:

We think that if the internet today is tethered with packets of information and data being sent around, the internet of value will have a similar kind of architecture, but what will be sent around is money”

Aranda’s comment during the blockchain summit in London means that Ripple and XRP (Ripple’s cryptocurrency) will be the ‘backbone’ of the Internet of Value.

Ripple and XRP have revolutionized the way in which cross-border financial settlements can be made; in this view, Aranda also stressed the importance of Ripple (XRP) in changing the Financial Industry today. Furthermore, he disclosed that Ripple surpasses SWIFT when it comes to its cross-border innovations. Aranda stated during the blockchain summit:

I think what you can expect from Ripple is more focus and traction around cross-border payments. If one of our early competitors is SWIFT, then what we offer has to be really good if we’re to beat them. We think out traction is playing out, and network effects are starting to build around that.”

Therefore, we can see that Ripple (XRP) is futuristic and it holds lots of plans for the future. There are more to come from the cryptocurrency which might increase its current price value in the crypto market, and help it recover quicker than many might be thinking it’s possible. We just need to wait and see Ripple XRP touching new heights soon, predicting ‘exactly’ when that’s going to happen is tough, though.

For the latest cryptocurrency news, join our Telegram!

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 Pxhere.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

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

Published

on

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…

Continue Reading

Press Release