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The already granted future of Tron (TRX) and Ripple (XRP)

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At this point in the industry, we all know the environment of cryptocurrencies is continuously evolving and getting to new places, and that’s for sure what we as users most of the times expect with our favorite virtual coin. In this matter, there are undeniably a few tokens that already have gained an excellent reputation among the market, currencies like for example Bitcoin, Litecoin, and Ethereum… But, are there others worthy of climbing to the top any soon? Well, there are great reasons to believe so.

Both Tron (TRX) and Ripple (XRP) are coins not only showing remarkable behaviors in the last couple of months, they have as well deployed some of the best strategies in order to earn a spot in the hall of fame of cryptocurrencies, and we are all very optimistic, to say the least, about them achieving this goal soon.

All of the action planning these projects have designed are just marvelous, and the best of all is that they could actually be linking the crypto world with the normal financial environment very soon, as some of their products are becoming very popular and appealing for the financial industry. So, one thing’s for sure; these coins are the ones to watch as they’re very likely to reach incredible heights in the days to come. Let’s see exactly why!

Reasons why Tron (TRX) will hit the moon

  • Powerful partnerships

Is not a secret that the whole market had one of the major dips in the history in the first quarter of the year, and this was not an exception for the token. Tron (TRX) passed from a price per coin of $0.30 to only $0.05, but despite this, it managed to stay afloat as one of the 15 top cryptos in the industry.

Why?

The answer is actually straightforward. Tron (TRX) has created the most influential partnerships with large brands and companies that are willing to invest and support the coin; a fact that without any doubt forecasts the token very positively shortly.

  • The utility of the token

One of the main factors affecting the market is the hoarding actions in which users tend to get involved. Of course, that’s something very understandable as all they are expecting is a bullish change in the price of which they can benefit, but the main problem is not knowing what to do with the token itself.

Tron (TRX) has given giant steps in this matter by providing its users an actual reason to use the token; initiatives such as Tron Dogs lead the users to use the coin as well as interacting with others with the same purpose, and the best of all, it has a retribution program.

  • Credibility

Justin Sun possesses one of the greatest plausibilities in the sector. Not only he is endorsed somehow by Jack Ma, the Alibaba Executive Chairman who served as his teacher at the Hupan University; but he also managed to take the price of the TRX token to 0.30 USD, right at the moment when China decided to ban cryptocurrencies.

Sun is one of the most trustworthy figures in the industry, a fact that not only has granted his project with great partnership relations but also it guarantees excellent collaborations can be made in the future.

Reasons why Ripple (XRP) will hit the moon

  • Partnerships

Same way as Tron, Ripple has worked tirelessly in developing compelling alliances with prestigious companies and brands.

However, Ripple has taken this a little bit farther as one of the many partnerships is deploying involve a significant number of central banks around the world, a measure that can definitely help to build a union between cryptos and fiat currencies finally.

  • xCurrent popularity

Ripple developed an “enterprise software solution” with their product xCurrent, and almost immediately became an incredible success as a platform that “enables banks to settle cross-border payments with end-to-end tracking instantly.”

At the moment several bank entities around the world are using the product, and the acceptation has been amazing; so the task for Ripple is to take that validation and redirect it to a major adoption of the token.

  • Fintech niche

One of the star products of Ripple is xRapid, a solution created to provide liquidity in the financial sector. In this matter, Ripple just finished its pilot related to the project, and the results were astonishing. It has proven to be scalable, fast, and with meager fees per transaction, one of the reasons why it is rapidly becoming a must among financial entities, and above all, a quick fix for liquidity problems.

In this matter, that is definitely the tool Ripple may be using to gain more traction and investment to XRP by convincing its xCurrent users to adopt xRapid as well, a move that could definitely boost the price of the coin.

The same way, the new product has become very attractive for Fintech companies as it is a ready-to-use product that takes the best of the XRP token and offers a solution for the high demand of liquidity in a sector full of emerging markets that most of the times suffer liquidity issues.

Conclusion

The cryptocurrency market is continuously changing, and that’s for sure a warranty of reinvention and evolution. Tron (TRX) and Ripple (XRP) are advancing dramatically towards becoming top leading cryptos, a fact that undoubtedly will shoot the prices of these two coins to the moon and beyond.

If what we are looking is to invest in virtual coins with a bullish behavior, we definitely need to get Tron (TRX), and Ripple (XRP) as what they are promising is just amazing, and surely their prices are going up with the recent strategies.

The primary task then for Tron (TRX), is to launch the long-awaited Main net and to assure the massive fintech adoption of xRapid. With a scenario like this, the future looks more than bright for this tokens.

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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.

Chart courtesy of Ale Ab via Flickr

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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