Ripple (XRP) is one of the leading top five cryptocurrencies in the market with impressive market capitalizations. For a while now, Ripple’s prices have been trading below even half-dollar mark which is far from its all-time high valuation of 3 US dollars for one single XRP digital coin.
In the recent past, the markets have witnessed the growth of Ripple to become one of the top blockchain technologies in the market to be massively adopted. Thanks to Ripple’s appeal towards many industry players, many companies and firms are showing readiness to incorporate and partner with Ripple (XRP) with some exciting deals closing already.
Many financial companies and institutions around the globe have adopted Ripple’s xCurrent technology for their operations due to the main reason for its operational ability and effectiveness in simplifying operations.
The recent release of the Codius smart contract platform by Stefan Thomas took a lot of crypto enthusiast by surprise, exciting many of Ripple community members. Stefan Thomas, Ripple’s former CTO, now runs Coil.
The release of the Codius smart contract signals the extension of the Ripple family with its main goal is to introduce the interoperability of various blockchain technologies with one another devising new ways to earn money from the internet. Hence the good reason why I believe Ripple might still stand a chance to ‘at least’ hit the $7 mark before this year ends.
The Impact of JP Morgan Ripple Partnership
JP Morgan is considered as one of the largest investment banks in the world. The collaboration between Ripple and JP Morgan might have significant effects on the price value of XRP, as some of Ripple’s products such as the xRapid continues to gain popularity with major banks.
On a recent communication by JP Morgan’s, the investment bank is working tirelessly to come up with a real-time payment platform that will incorporate Ripple benefits to their customers and clients. The announcement comes at a very good time igniting hope for Ripple and XRP investors. However, the controversial issue is whether JP Morgan will be partnering with Ripple Inc. or XRP considering their different management nature.
Does Ripple Stand a Chance to Reach $7?
For XRP holders and investors who are interested in the future value of the digital token, learning about its prospects is valuable considering the numerous rumors going around.
First of all, it is prudent to know that Ripple has three different platforms. Ripple as a platform is designed to aid in money transfer quickly and economically. Of the three platforms under Ripple, it is only one platform, xRapid, that requires the XRP coin to work.
Normally, Ripple emphases on promoting the other two platforms, xVia, and xCurrent, that do not require the indulgence of XRP. Xcurrent is extremely useful in financial institutions and banks while xRapid is used for allowing near-instant money transfer irrespective of the amount, globally.
By adopting xCurrent, Santander, one of the largest banks in Spain, is going to allow its clients to transfer money fast and in a secure way without using XRP. This incorporation along with other comparable partnerships is what is rumored to push the price levels of Ripple (XRP) to high levels of at least $7 this year.
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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.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
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.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
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%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…