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Why XRP Is A Smart Long-Term Investment

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XRP news

XRP has been one of the most talked-about coins in the crypto world. Apart from Bitcoin (BTC), Ethereum (ETH), and possibly TRON (TRX), XRP news has been receiving the most attention. This goes for various media outlets, as well as for potential investors.

Now, it is true that Ripple has had its fair share of troubles and challenges, some of them going as far as to become federal lawsuits against its parent company. However, the most of Ripple-related questions are concerns about whether this coin is a good investment or not. People wish to know if the coin is trustworthy and if it has a future.

Well, we believe that it is. In fact, we think that XRP is an excellent investment, and in this text, we will provide some of the reasons why this might be the case.

XRP on its way to adoption

Ripple is one of the most well-accepted cryptocurrencies around. The platform has spent the last year and a half securing numerous partners that were drawn to it by the strength of its protocol. Additionally, Ripple can also brag with its high scalability, low costs, and very fast transaction speeds.

Numerous banks and financial institutions around the world have taken into adopting its technology, and some reports claim that Ripple’s products can save up to 70% of the transaction costs. Apart from that, it is also known that Ripple is capable of making cross-border transactions in a matter of minutes, or maybe even seconds, while the old systems often took hours, if not days.

While Ripple’s price is currently relatively low, its value is bound to go up as its adoption increases, and its other products become massively accepted as well.

Ripple’s use cases are expanding

While Ripple products are passing all kinds of tests, and are doing pretty well at the moment, chances are that its use cases will expand even further. One of its initiatives, called xPring, might be the key to this growth.

The team has been seeking more and more entrepreneurs in the recent months and providing them with funding. All of this is done in order to reach the limits of the coin’s true potential. Ripple’s potential actually has a chance of being literally limitless. The coin might reach numerous industries, like media, gaming, real estate, trade, identity, micro-payments, virtual goods, and more. If it achieves even half of what it is expected to reach, this will still mean a serious boom for the coin.

Will Ripple’s price grow?

Truth be told, Ripple’s price has been very disappointing, especially recently. The coin lost over 90% of its all-time high, all thanks to this year’s bear market. According to CoinMarketCap, its current price is only $0.336124. However, its advanced technology and ever-expanding use cases are almost a guarantee that this won’t always be the case.

At the moment, the market is not really favorable, and almost all cryptos are suffering from it. However, this will not always be true, and as soon as the situation changes, Ripple’s price will change as well. The important thing to understand about XRP is that investing in it means investing in the future. It is a long-term thing, and the results will not be seen immediately.

This is something that a lot of investors do not understand, and when they experience losses, they choose to sue Ripple for fraud, instead of educating themselves on the coin and how the market works.

While Ripple is currently not at its best, it is also holding up pretty good, considering the situation and all it had to endure. And, with its all-time high being $3.86, it is definitely possible for the coin to not only reach those heights again but to grow even further up.

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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. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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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…

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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…

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