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

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Tron XRP Cardano

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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