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Reasons why Tron could get listed on Coinbase before Ripple (XRP)

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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.

Conclusion

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.

Image courtesy of Pxhere.com

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.

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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?

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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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