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Tron, XRP, and Cardano: Three of the new promises in the crypto ecosystem

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The most common action for crypto enthusiasts is to look for the next big thing in the crypto world, a fact that centers in the hope of obtaining a considerable profit of selecting the best coin.

Truth be told, ever since cryptocurrencies emerged in the financial landscape they have become a potent source of investment, although that was not what they were meant to be from the beginning. However, in the real world that’s exactly the way it functions, so it’s actually a significant advantage to be aware of those cryptos whos development and features represent our best alternatives to investments.

In this sense, three of the most resounded coins in the crypto market right now are Ripple’s XRP, Tron (TRX), and Cardano (ADA). Let’s see the main characteristics of these cryptocurrencies, and why we think they are the best options to invest as the market grows,

Tron (TRX)

Tron (TRX) is recognized as the crypto that never rests, and to be honest, that is precisely what it seems from the outside when we take a look at the numerous strategies deployed by the company in the past four months.

That started with the Test Net launch, a move that was followed but the later migration of the tokens from Ethereum’s protocols to its very own Blockchain. Shortly after, it continued with the launch of Test net of Tron Virtual Machine, the announcement of the Super Representative elections, and the most recent acquisition of BitTorrent, an initiative that is currently assisting the creation of a project called Atlas.

The same way, the TRX token was recently added to the LINE’s exchange, Bitbox, and similarly, to the Bitcoin Superstore project, an initiative that enables crypto users to purchase from over 200,000 online retailers like Amazon, and eBay.

The CEO of the company, Justin Sun, seems to play a very active role in the deployment of strategies and the communication with the community. He plans to decentralize the internet and create a whole new net made up from scratch.

Ripple’s XRP

Out of the whole bunch of cryptocurrencies in existence, there’s not a doubt that the mother firm of XRP, Ripple, is the one that has managed to execute the most relationships with financial and banking institutions.

In fact, Ripple has achieved to make alliances with several renowned companies in the finance sector such as Mastercard, American Express, and Banco de Santander; but it doesn’t actually stop there, the company has at least 70 financial organizations that are willing to integrate their solutions in the seek of improving their cross-border transactions.

Most of the partnerships have been deployed using xCurrent, and xVia, but it’s actually xRapid the one solution that carries with it the XRP token, so technically the approach to crypto haven’t been made concerning alliances. Nevertheless, the company is allegedly working on the integration of their three solutions to give overcome this issue.

The XRP token has been criticized and even labeled as a security by many (four lawsuits of security until now), but the company has already taken actions to resolve the doubts and made an incredible effort to separate XRP from Ripple Labs, which is the company.

Despite the bearish market and legal issues (the lawsuits), the token has managed to remain stable, and that is precisely one of the things that give us a positive sentiment about the coin. Besides, many predictions forecast the price of the token to 8 dollars next year, a fact that would provide a chance for its believers to become millionaires in a 1-year matter.

Cardano (ADA)

Cardano (ADA) is for sure one of the youngest coins in the crypto world. However, it has managed to grow in a significant way during this year, and this has lead to an incredible bunch of opportunities for the crypto.

When it comes to what makes this coin a great option, we must know that it was actually created by Charles Hoskinson, a businessman who formerly was a co-founder of Ethereum (ETH), and Ethereum Classic (ETC). Charles decided to leave both projects as he thought the best way to create the coin he had in mind was by starting his very own.

The thing that makes the Cardano (ADA) unique is that the group behind the token is a multi-disciplinary team with an extensive background in the area, so every decision is well-calculated and executed. The company expects to get a global adoption as its main net becomes fully functional soon.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Faruk Melik ÇEVİK on Unsplash

Altcoins

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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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