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.
For the latest cryptocurrency news, join our Telegram!
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.
Image courtesy of Pxhere.com
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
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…
Warren Buffett and TRON’s Justin Sun Finally Meet for Charity Lunch
Should You Invest in TRON in 2020?
CoinField Launches Sologenic Initial Exchange Offering
featured2 weeks ago
Altcoin Magazine has Rebranded as The Capital and 100x’ed its ambitions
Bitcoin2 weeks ago
5 Best Places to Bet with Bitcoin
Don't Miss1 week ago
Best Study Resources to Pass CompTIA SY0-501 Exam and How Should You Use Exam Dumps to Prepare?
Don't Miss1 week ago
Many of the Top Sports Betting Websites for 2020 Can Be Found On Boomtown’s Best Betting Page
Don't Miss2 weeks ago
Learn 2 Trade Launches Real-Time Crypto Signals Service
Don't Miss1 week ago
What Prevents Crypto from Becoming the Top Payment Method
Featured news5 days ago
5 reasons why you should use a brokerage exchange service to buy and convert cryptocurrencies
Bitcoin6 days ago
Trusted Crypto Tumbler To Protect Your Wealth