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Ripple (XRP) Still has Time for a Comeback
So far, 2018 has been a very bad year for Ripple (XRP). The crypto’s rise at the end of 2017 has been extremely promising, but in the following months, the coin continued to go further and further down. However, there is still time for Ripple to make a comeback and make significant gains.
Large hopes for Ripple (XRP)
Everything seemed to be fine with Ripple back in December 2017. Just like other cryptos, XRP skyrocketed and became one of the most popular coins on the market. In fact, it even managed to pass Ethereum (ETH), and many believed that it will become Bitcoin’s (BTC) direct competitor.
Many believed that Ripple is to become the top currency in no time. Some even claimed that it is still way too early for fully-decentralized currencies to dominate the market and that Ripple is the way to go. Its nature and the situation have made it extremely popular, not only with crypto investors but also with financial institutions and some of the largest banks around the world.
Ripple has been making partnerships all over the place, and almost every week has seen some sort of positive development. Names like Western Union, Santander, MoneyGram, Bank of America, and alike all hurried to partner up with this coin. The price of the crypto was expected to continue to rise, and nobody hesitated to jump on the XRP train, while it was still early.
Some predictions even stated that it is only a matter of time when Ripple will jump from 20 cents per coin to the price of Bitcoin. Such an increase, while astronomical, was always a possibility when it comes to the crypto world. Unfortunately, it never came to be, and it was all downhill from there for XRP.
And then everything changed
Soon enough, Ripple went down, and a lot. After it reached a price of $3.40 per unit, it quickly fell to $0.18 as soon as the crypto prices dropped at the beginning of the year. However, a lot of investors still believe that Ripple can, and will, make a large comeback by the end of the year.
Despite the low price, XRP still stands as one of the cryptos with the highest number of token holders. Basically, this means that people have not given up on Ripple yet, and many are waiting for the market to turn. Once it happens, some believe that Ripple will beat its former top price, and maybe even go as high as $10 per coin. This is, of course, significantly lower than the predictions that Ripple’s price will reach Bitcoins. However, even so, it would still be better than for Ripple to stay at its current price of $0.435990.
Fortunately for all these investors, Ripple seems to be doing well lately, and its charts are indicating that the crypto might finally be on a stable and serious rise again. This goes for the US dollar, as well as Bitcoin (BTC). The charts are actually relatively similar, and if Ripple continues on the current path, the coin might even be restored to its former glory before the year ends.
Despite the controversy and lawsuits that claim that Ripple is a security, which is something that its team continues to deny, the coin still holds the third place as per CoinMarketCap. Various partnerships and several products that Ripple has released continue to guarantee that the crypto is, in fact, needed on a large scale. The coin’s work on enabling better cross-border transactions is one of the strongest reasons for many to believe that Ripple will stick around and that its price will eventually make a comeback.
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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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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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