Not just the Tron or Ripple enthusiast, if you ask any crypto investor for the best moment, you’ll get similar answers across the board. Perhaps, the kind of response expected is an obvious one, right? Your guess is just as mine-rise in the price of the cryptocurrencies.
However, that has not been the scenario in the past week as for most investors it has been a nightmare. Reason being, the significant drop in the prices of most cryptocurrencies. Therefore, the investors found themselves on the negative side of the line. Nevertheless, not all the holders have experienced the nightmare.
Not just today, Tron (TRX) and Ripple (XRP) holders are on a happy end; all thanks to the steady price rise of the coins despite the dark prevailing conditions in the market from the recent past. But, what’s the reason behind this fantastic scenario of positive news? Leading analysts have linked it directly to the reports within Tron and Ripple.
The Real Reason(s) for the Upsurge
Any investor warmly welcomes any slight indication of price rise in the future. That being said, TRX upsurge has been linked by most analysts and investors to the recent announcement by Tron CEO and founder, Justin Sun.
In his twitter account, Sun enticed the followers about the possibility of TRON (TRX) partnering with a billion-dollar valuation magnate (many speculate it’s Baidu, China’s Google). What more can an investor want? These kinds of announcements are what they wake up expecting to hear, each morning. Therefore, one thing was for sure – an over the Internet hype was inevitable, and many would hurry at least to have a share of the cake.
The impending partnership is one of the many steps that the Tron foundation is taking in making sure that it wades its way up to being the top coin in the cryptocurrency market. They are at the forefront of tying up several partners with key market players to make their dream a reality.
Besides, TRX will leverage the power of the social media buzz as Justin Sun announced some time back about hitting 100M followers on Twitter. And now, his Facebook followers have crossed 1.5 million mark. Basically, it indicates a mass adoption of Tron across the globe.
— Justin Sun???? (@justinsuntron) October 15, 2018
Furthermore, the news of the company acquiring a significant industry player- Bit Torrent for more massive file transfers adds to the reasons for the upsurge. Yes, they acquired BitTorrent some months ago, but the blockchain is able to use it effectively now.
What Does the Future Hold for TRON (TRX)?
Currently, all the indications point to one direction; bright future, as TRX rides at an impressive 3% that is backed up as well with a market cap of $1.63 billion.
Not too long ago, it was trading for about $0.022 with a $183.161 million market cap. The fact that the cryptocurrency market was on the drop the past week and still, even then, Tron was leading the surge indicates a future that is bright. Besides, the Tron foundation has steps in place to boost its levels up the ladder.
TRX is not the only one that has enjoyed the positive side of the bullish beam. Ripple (XRP) is the other cryptocurrency that has been spared from the hellish nightmare of recent times. XRP is at position two talking about the significant gainers of 10 top tokens in the past week with a price of $0.44 and a market valuation of about $17 billion.
XRP staying steady and rising further isn’t just a coincidence either. Ripple has been making some major strides recently in likes of its Swell conference (where they launched the xRapid and many praised the blockchain as a whole). More and more financial institutes turning to Ripple blockchain as well as rumors that Swift-Ripple partnership is in the making has allegedly pushed the XRP price well too. Of course, the market trend is helping both coins currently, too.
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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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Smart MFG Tech Announces its First Liquidity Mining Rewards Program on LINKSWAP
Manufacturing Industry 4.0 company Smart MFG Tech has announced that it is launching its MFG Liquidity Mining Rewards on LINKSWAP today. LINKSWAP is a decentralized, community-governed Decentralized Exchange (DEX) and an AMM platform, which was created by YF Link (YFL). The team at YF Link says it aims to address “the pain points of second-generation AMMs” by offering such features as Reduced Impermanent Loss, RugLock, SlipLock that are not offered by other platforms.
Smart MFG Tech has said that the first integration of the MFG liquidity mining rewards will use the LINKSWAP LP (Liquidity Provider) Rewards service. It will allow LPs to deposit their LP token(s) (UNI-V2) to the participating rewards pool (ETH|MFG) and earn MFG rewards seamlessly. Smart MFG said it will continue to work with the YF Link team to provide support for other pairs and expand services.
LINKSWAP’s Rewards is a liquidity mining service that enables LPs to earn rewards for providing liquidity in a participating pool. YF Link has implemented a custom frontend solution for Smart MFG LP rewards pool on LINKSWAP. This will allow LPs to add liquidity to Smart MFG’s existing ETH|MFG pool on UniSwap v2 and deposit their LP token(s) (UNI-V2) to their LINKSWAP rewards pool (ETH|MFG).
Smart MFG explained how the rewards can be earned:
“LPs get a share of the transaction fees on Uniswap v2. This is calculated by how much liquidity is provided relative to the percentage…
Building Your Nest Egg Brick By Brick: Are Micro-Investments Here to Stay?
No matter what our goals are, sometimes just getting started can be the most difficult part of building our savings up. When it comes to investing, many of us are wary of parting with our money to generate more financial security in the future. But what if you can build significant savings without even noticing?
That’s the aim of the micro-investing apps that have come to dominate online stores across Android and iOS. Today, more fintech startups are working on delivering refined solutions that encourage minuscule investments at a more frequent rate.
Micro-Investing apps will look to make saving more accessible to young people – many of whom in the UK have little-to-no money tucked away for a rainy day.
However, the prevalence of money-saving technology and the disruptive chaos of the COVID-19 pandemic appears to have prompted a widespread increase in households saving more of their disposable income:
With micro-investing platforms playing a role in bringing UK household savings back up to five-year highs, is it fair to say that little-by-little investing is here to stay? Let’s take a look at how micro-investment platforms could revolutionise how we manage our finances:
What is Micro-Investing
Micro-investing, or sparse change investing, is a relatively new development in fintech. It effectively enables users to put away small amounts of money towards their long, or short, term goals. The idea…
Decentralized Insurance Platform Bridge Mutual to Launch BMI Token on Polkastarter
Bridge Mutual, a decentralized platform that allows users to insure stablecoins, has announced that its native BMI token will be launched on Polkastarter tomorrow, January 30. The Polkadot’s decentralized exchange will host an Initial DEX Offering (IDO) for Bridge Mutual.
“Even the most sophisticated digital asset investors are at risk of losing their funds through various malicious and negligent activities in the blockchain ecosystem. With Bridge Mutual, we believe it doesn’t have to be this way. Using Bridge, people can control the risk exposure of their digital asset investments, just as they do with real-world assets. The Bridge Mutual platform allows people to offer and purchase coverage in a decentralized p2p way. We’re excited kickstart the launch of the BMI ecosystem with a launch on Polkastarter and creating a better way of protecting digital assets for users all over the globe,” Bridge Mutual CEO Mike Miglio said in a statement.
Bridge Mutual allows users to buy and sell insurance for smart contracts, stablecoins and crypto exchanges, peer-to-peer. Users can purchase insurance via the Bridge Mutual app and then file a claim if their digital assets are lost after a hack. “When users lock stablecoins in Bridge Mutual’s coverage pools, those funds are reinvested into popular (and safe) yield generating platforms that return yields to coverage providers. When a claim is approved, stablecoins from the coverage pool goes…