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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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