Connect with us

Blogs

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

Published

on

Tron TRX Coinbase Ripple XRP
READ LATER - DOWNLOAD THIS POST AS PDF

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.

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

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite