There’s no doubt that when it comes to crypto-related exchange platforms, Coinbase is the absolute leader. This platform has become the favorite among crypto enthusiasts in the whole world, managing to the moment even to have a market capitalization of 8 billion dollars. Both credibility and validation that Coinbase possesses and can grant are undeniable, and that’s for sure, one of the reasons why cryptocurrencies show best of interest in the network.
In this matter, one of the coins that consistently has been showing a great empathy towards the Coinbase net is Ripple, a token that excellently promises to link crypto and fiat currencies in the same spot. Yes, Ripple has created astonishing strategies to grow as a currency, and of course to gain validation as well, but the truth is others have replaced this coin more than once that somehow seem to be worthier of such validity.
Likewise, the current panorama doesn’t look that different as now the rumor that Tron (TRX) may be ahead of Ripple (XRP) in the sprint to gain the endorsement of Coinbase has become famous. We have reasons to believe this is actually true, let’s see how it goes!
Reasons to believe Tron (TRX) may dethrone Ripple (XRP) on the Coinbase race
Coinbase high trading volume preference
Coinbase manages a selection criterion with the tokens to get listed on its platform; one of this is the trading volume of the coin, which of course, the higher, the better.
Even though Tron (TRX) appears currently as the number 9th on the market charts, its volume is way better than the one of its main competitor Ripple. As a matter of fact, Tron (TRX) manages a trading volume of $784,214,000, a figure significantly bigger compared to the $251,503,000 of Ripple (XRP).
Besides, even when the market, as a whole, seems to be in a bearish behavior, Tron (TRX) continues its way to the top with a 10.9% increase in its value just in the last seven days (almost every other country has decreased in value, though).
Relocation of Tron offices
Being headquartered in the same place as the crypto exchange platform can be a very beneficial fact for a cryptocurrency, and that’s something Tron (TRX) is willing to exploit. It all appears like Tron (TRX) is planning to acquire an office in New York City, the place that surprisingly (not so much) happens to be the headquarter of Coinbase.
As the CEO himself, Justin Sun, has explained they are working tirelessly to cooperate with several renowned crypto exchanges among we can find Coinbase, Circle, and Gemini.
Feng Li relationship
Much has been said regarding the fact that Feng Li, one of the most critical investors of Tron (TRX) is one of the first investors of Coinbase too. Although nothing of this has been verified, there are strong reasons to believe it’s actually true, a fact that doubtlessly could put Tron (TRX) in an advantageous position before Ripple (XRP).
The Tron mainnet launch
The whole cryptosphere is anxiously waiting for the release of the long-awaited and announced Mainnet of Tron. Amongst other things, the mainnet launch will represent an incredible boost for Tron (TRX), experts prognostic it will not only increase the trading volume of the coin, but it will also as well shoot the price of the token to the very moon.
With the ambitious initiative, Tron will give crypto users a more secure and scalable platform, and of course, the desirable option for other cryptos to migrate from Ethereum protocols to Tron.
Still, it is early to determine whether this would be a warranty or not for Tron (TRX) to appear listed on Coinbase even sooner than Ripple (XRP). But what we know for a fact is that the current landscape of the token is more than bright.
All of the strategies seem to be well-deployed, and everything indicates Tron is on right track, so stay tuned! Tron (TRX) will definitely throw in more exciting news on our way very 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 own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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.
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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.
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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%.
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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
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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.
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