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

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XRP

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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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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…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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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…

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Currency Market

GDA Group Announces Global Fund Management

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The GDA Group, an established North American financial institution fostering the adoption of digital assets and other disruptive technologies, has launched its latest venture, Global Fund Management. The venture will provide simple and secure digital asset exposure for institutional and accredited investors.    

Our mission is to create long-term value for our investors through the identification of strategies that can generate alpha through the new digital asset class, while ensuring to also limit possible downside on any strategy. We invest across alternative asset classes through actively managed hedge funds, trading algorithms, and private equity vehicles,” said GDA Group COO Zachary Friedman. He added that “Global Fund Management looks to outperform the market and take to market the best performing fund vehicles for every niche of the digital asset ecosystem.”

In addition to providing a path for institutional and accredited investors into the digital assets realm, Global Fund Management is providing exclusive insights on a number of fast growing blockchain industry segments such as Decentralized Finance (DeFi), non-fungible tokens (NFTs), and applications in the energy sector.  

Last month, GDA Group organized a quarterly, virtually-held Family Office Summit.  At one of the largest gatherings of private wealth this year, the GDA Group and dozens of other global blockchain…

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