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.
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.
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
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.
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
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.
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…
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 been…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…