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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

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

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