Last Friday, a big announcement was made by Coinbase and it has caused a division among investors in the crypto sphere.
As per the press release which was released on Friday on the official Coinbase blog, it was announced that that the company wants to explore new cryptos such as Cardano (ADA), Stellar Lumens (XLM), Basic Attention Token (BAT), Zcash (ZEC), and Ox (ZRX) – with Ripple (XRP) excluded.
According to the press release on Coinbase blog:
“Today we are announcing that we’re exploring the addition of the following asset to Coinbase: Cardano (ADA), Stellar Lumens (XLM), Basic Attention Token (BAT), Zcash (ZEC), and Ox (ZRX),”
Coinbase’s decision to list these cryptos caused an increase in their value including Stellar – which posted a gain of 22% ever since the declaration was published on the Coinbase blog. As a result of this, the investors of Ripple (XRP) are curious about the decision of the exchange.
“I just don’t get it. Like at all. They’ll list ICOs despite the uncertainty there, but not XRP? This is maddening.” This was the comment of a Ripple investor.
Coinbase listings won’t deter the success of Ripple (XRP)
It is important to know that at the end of 2017, there was a partnership possibility between Coinbase and Ripple (XRP). Taking a look at that time, Brian Armstrong the CEO of Coinbase said the exchange has the intentions of expanding by adding more altcoins. At the time of this statement, Ripple (XRP) saw a big bull run in which its value increased from $0.20 to $1.00 and has a huge market cap only behind Bitcoin and Ethereum. Many investors moved to XRP, but there was a dip in price later on.
Moving forward, Coinbase is insignificant to Ripple’s success – taking a look at the latest activities of Stellar Lumens – its partnership with Tempo among others, there is a big jibe thrown at Ripple by Stellar.
Ripple is a futuristic company and Stellar’s strides are not a threat to Ripple (XRP) at all – there may be a possible competition between these two cryptos, but that doesn’t deter Ripple from achieving great things on its own.
Taking a look at Coinbase being insignificant to Ripple’s feat, Coinbase listed just 4 cryptos at the time of the bull run last year – Bitcoin, Ethereum, Litecoin, and Bitcoin Cash; XRP wasn’t included. It is important to know that globally, there are other countries that do not make use of Coinbase to trade cryptos.
Taking a look at January 1st, 2017 to December 31st, 2017:
- Bitcoin increased from $972.95 to $13,791, +1,317.5% increase.
- Ethereum increased from $8.24 to $747.52, +8,971.8% increase.
- Litecoin increased from $4.51 to $225.29, +4,895.3% increase.
- XRP increased from $0.006 to $2.26, +37,566.6% increase.
Taking a look at the above analysis, XRP was the highest gaining cryptocurrency during the Bull Run – despite it wasn’t even listed on Coinbase. This implies that Coinbase isn’t the only widely-used exchange that cryptos can be traded on. For example, there is Binance to trade XRPs; with it, you can trade different cryptos there.
Ripple (XRP) doesn’t need Coinbase listing to succeed – let’s remember that!
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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. One of the ways to have a successful…
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.
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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.”
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