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Tron CEO: XRP Surge Signals Blockchain Adoption - Global Coin Report
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Tron CEO: XRP Surge Signals Blockchain Adoption

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Tron CEO
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Following the recent XRP price surge, Tron CEO Justin Sun stated that he believes that the new situation might indicate blockchain adoption by financial institutions. A recent Ripple news regarding XRP price surge has brought the third largest coin by market cap back into the center of attention in the crypto world. So much so, in fact, that numerous crypto experts have started viewing it as an indicator of big events to come.

TRON CEO Justin Sun announced recently via Twitter that the price surge might mean that banks and other financial institutions might be getting ready to adopt blockchain technology. The excitement around Ripple products would certainly indicate so as well.

Tron CEO Justin Sun expects financial institutions to adopt blockchain

Only days ago, Ripple news regarding the coin’s price surge erupted, and everyone’s attention was turned toward the world’s third-largest coin. The price surge was easily the biggest one since January, and Ripple skyrocketed by over 181% in days between September 18th and 21st.

Not only that, but XRP also managed to surpass Ethereum, and take over its position as the second-largest, several times. Ethereum quickly regained its position, however, but this is still more than a noteworthy event in Ripple’s history. While many were thrilled about the price surge, TRON’s Justin Sun sees this as an indicator of something bigger.

According to him, Ripple’s actions might mean that financial institutions might be getting ready to officially adopt the blockchain technology.

He also congratulated Ripple, as well as Stefan Thomas, the company’s former CEO.

Ripple news also mentions soon xRapid launch

One of the reasons behind the XRP price surge, or maybe even the main one, is a recent announcement made by Ripple. The company unveiled plans to launch their long-awaited xRapid product. With such an announcement and the price surge combined, Ripple seems to be doing better than many other cryptos at the moment. Not only that, but PNC Bank also contributed to the coin’s new success by recognizing its protocol, as well as possibilities that ti can open up in the world of finances.

As for Tron CEO Justin Sun, he and his team are currently working on promoting TRON (TRX) itself, TRON has also received a lot of attention this year thanks to numerous positive events. One of the most notable ones is the company’s purchase of BitTorrent, and a later announcement of the Project Atlas, which will have BitTorrent as one of its vital components.

Thanks to these events and announcements, TRON popularity has grown a lot, but this has yet to reflect upon its price. TRON is currently ranked as the 13th largest coin by market cap. Its price is $0.021118 at the time of writing, with an increase of 2.21% in the last 24 hours.

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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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Top 4 Cryptocurrencies to Bet on in 2019

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The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

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2019 Will Be a Big Year for Luxcore

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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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Can XRP Break Out of the Falling Wedge?

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XRP
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XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

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