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XRP mainstream reach swells as it secures listing on new Turkey exchange

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Undoubtedly, Ripple is one of the widely-loved blockchain projects in the world today and this due to its numerous adoptions, listings, and utility. Continuing with its mainstream adoption rush, Ripple’s XRP has made it to the highly-awaited newly-launched crypto-exchange platform of Turkey, Coinzo.

The exchange went live just a couple of days ago and decided to add XRP to the list of digital assets available to be traded on its platform. The breaking news came through a tweet by a member of Ripple community, @LeoHadjiiloizou. Tweet reads:

Turkey is taking more interests in cryptocurrency, and with most of its exchanges indulging cryptocurrencies, we may see a big boom in the crypto sphere over there.

Coinzo is a new cryptocurrency exchange ready to grow in the crypto world. It currently has six digital assets available for trading including BTC, ETH, XRP, EOS, HOT, and GAS. The crypto-exchange itself said in a tweet:

The crypto currency exchange Coinzo is online, offering Global services as standard! #kriptopara #BTC #ETH #XRP #EOS #NEO #Holochain #CNZ $BTC $ETH $XRP $EOS $NEO $HOT $CNZ.” 

Coinzo also highlighted the available trading pairs on its official Twitter page, the platform notes,

Pairs that you can process in Coinzo/try/try/try/try/try/// #kriptopara $BTC $ETH $XRP $NEO $EOS $HOT #NEO #BTC #EOS #BTC #XRP #BTC #ETH #BTC #bitcoin #coinzo.”

Ripple’s XRP, on the other hand, is the third biggest cryptocurrency with a market capitalization of about $20 billion (19.9 B at the time of press, to be more specific). The blockchain was created by its progenitors: Chris Larsen, Jed McCaleb and Arthur Britto in 2012. Its token, XRP, was also established at that time.

Subsequently, Ripple’s XRP ledger is an open-source technology that was created a year later. The XRP ledger supports faster payments and decentralized exchange of other cryptocurrencies. It is important to know that through this ledger, XRP payments can be settled within a few seconds with a less amount of energy, and it can handle up to 1,500 transactions per second due to its scalability capabilities.

Furthermore, Ripple’s XRP is not just any cryptocurrency, because it aims to solve real-life problems. The cryptocurrency is poised to change the way cross-border payments are done across the world today.

Coming back to XRP listing on newly-launched Turkish exchange Coinzo, Ripple community have expressed their happiness concerning the event as it would raise the interest of Turkish investors towards Ripple’s ecosystem.

XRP Price Analysis

At the time of writing, alongside all other significant coins, XRP is in the red and trading at $0.497. In the last 24 hours, the XRP/USD trading pair is faced with the $0.49 resistance level. It is however probable that if the bull momentum moves the price above the current resistance level, then the price of XRP hit $0.62 soon. At that price, gains can be achieved, because, at $0.62, a price rally upward is inevitable.

Also, XRP’s high SMA and RSI level clearly show overbought and this indicates a short-term bull trend. If the price of XRP goes below its current SMA level, then we may see a bearish trend against our predictions.

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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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Bitcoin

The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

The arrival of blockchain is causing a stir at Deloitte. The professional services giant has contributed tens of thousands of words on blockchain within its ‘insights’ network, and there are…

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Altcoins

Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Bitcoin

Why Blockchain Projects Keep Failing

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If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.

So, What’s the Problem?

For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.

What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.

Project Success Starts at the Team Level

The sudden interest in cryptocurrency and blockchain technology can be compared to the California Gold Rush. Everyone wants to get in on the ground floor so that they can make as much money as possible.

Unfortunately, this mentality isn’t just…

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