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XRP News: Unexpected Surge Lets Ripple Hit an Important Milestone

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XRP News

For some time now, a lot of experts have been claiming that something is about to happen in the crypto world. Numerous markets started gaining value, while others began losing. Amid all the speculations, the crypto community experienced another exciting twist, where Ripple managed to overgrow Ethereum in terms of the market cap once again.

XRP overtakes Ethereum for the second time in 2018

At the time of writing, Ripple (XRP) is actually the second largest crypto, with its market cap exceeding that of Ethereum for around $200M. The growth came suddenly, and it began in the last 24 hours when XRP news reported that Ripple value broke through $0.5 resistance.

At the time of writing, XRP price is at $0.554132, with a massive 20% increase. This is not the first time that Ripple has experienced a price surge of this size, nor the first time in the last few months that it managed to replace ETH as the second largest crypto. This type of behavior is usually followed by ETH rising even more, and reclaiming its position. Soon after that, things would go back to normal.

However, the growth does come as a surprise, mostly because there were no indications that something like this would happen. Contrary to the expectations, Ripple held on to a price of $0.46 for weeks, and many have taken this as a sign of stability. Now, Ripple is snowballing once more.

A lot of investors have started wondering if this is an official start of a real bull run, similar to the one of late 2017. If so, then this XRP news may only be the beginning. Right now, all of the top 20 cryptocurrencies apart from Tether (USDT) are trading in the green. The same is true for most altcoins in the top 50.

It is currently unknown whether this trend will continue, or will it simply weaken and die down. This is certainly the kind of development that the community has been hoping for, for a while. It is also unknown what has caused the price surge, although some believe that the addition of a new margin trading pair between Ripple and Bitcoin on OKEx might be the reason. Some say recent XRP CMC listing is responsible. Perhaps OKEx is only the spark that started the surge, while XRP has been preparing for it during the last several weeks.

Another thing that is expected to arrive is some sort of backlash on social media. Ripple is a cryptocurrency that has had its fair share of controversies, especially throughout 2018. Because of that, many would use an opportunity like this one to share their view on this asset.

For now, Ripple continues to grow. The community would like to know where its price is going to end up, but to achieve that, they will simply have to be patient. Things currently look pretty charming for XRP (as well as the rest of the market), and a lot of investors will be entirely pleased if its price remains above $0.5 once everything calms down.

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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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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