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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

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.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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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.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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