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A newly found Ripple (XRP) connection leads to the president Trump

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If there’s something we can be sure of with Ripple, is that it has built the best relationships with some of the most important financial institutions and figures in the whole world. To say the least, the company has created great partnerships with several central and commercial banks around the world, as well as with some important payment methods, such as Banco de Santander, American Express, Mastercard, Western Union, and others.

In this sense, we’ve been wondering how has the company managed to make all these alliances, and like this, managing to pass from being a startup to the giant we know right now. And as it seems, the answer to that question may be quite simple; it’s just a matter of connections.

We recently reported that back in 2011, Ripple was assisted by no one less than the current Executive Vice President of Mastercard, Colleen Taylor, who mentored the company and also served as a bridge for getting Ripple to test their solutions with real clients.

As she said in her interview: back then instead of seeing Ripple as a threat they actually decided to say “I have the scale, you have the agility” let’s work together and make this project work.

These declarations gave us a clearer perspective of what has been going on with Ripple from the beginning; it happens to be surrounded by highly influential people in the industry.

In this sense, a new connection has been found for the company, and this time leads to nothing less than the current president of the United States of America Donald Trump. Let’s see the main details behind this.

Ripple’s board member assisted president Trump

Ken Kurson who is currently a board member of Ripple, is a businessman who happens to be related as well with politics. In fact, he is a political consultant, and journalist.

In this sense, it was recently known that back in 2011, Kurson was the one that pursued Donald Trump himself to run for presidential elections, and the same way, he was in charge of preparing some of the speeches that Trump used in the campaign that saw him winning the elections.

Furthermore, it was known as well that Trump and Kurson are actually friends apart from the works they have done together, which is actually the reason why many people are now considering that this can be a very beneficial thing for the Ripple towards the path of adoption and the struggle with the Securities and Exchange Commissions (SEC) department.

Whether this be a real thing or not remains a question, but even if not just with the relationship, high chances are now open for the company.

Current performance of Ripple (XRP)

At the time of writing, XRP has a price of $0.5268 according to coinmarketcap, and it has decreased by 6.81 percent in the last 24 hours.

However, this downturn probably is actually a correction after the several greens the market had a couple of days ago, the same that saw Ripple’s XRP going to the second position one more time, replacing Ethereum as the second largest cryptocurrency in the market.

Later on the same day, Ripple went back to the third position, but it definitely proved Ethereum should actually be worried. Let’s see how this new connection, which certainly is worth noting, affects the Ripple’s XRP position in the market. So stay tuned.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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