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XRP spikes amid Coinbase listing surmise and xRapid launch confirmation

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XRP Ripple

While the whole market is quiet, XRP is riding the wave at the moment, again, and things are beginning to look good for Ripple. XRP was trading just above $0.20 price range earlier this month, but it hiked to nearly $0.80. Following the series of announcements surrounding the launch of xRapid confirmation, XRP surged by 7.16% in the last 24 hours.

It is also important to know that there were series of hikes which resulted in a boost on Ripple’s market cap, thus, surpassing Ethereum’s for a couple of times this month. We should recall that the price of XRP had been staggering at the beginning of September before being at a price correction of $0.57.

XRP also saw some surges in the first two weeks of this month, but it still traded at the same momentum ($0.57) till the end of last week. The cryptocurrency further dipped to $0.44 on Tuesday this week (September, 25th) and surged to $0.54 on the same day at the back of Ripple’s announcements.

xRapid, A Good News for Ripple’s XRP

The status of XRP has increased as a result of the news and hype around the launch of xRapid. It is also necessary to know that other factors have made the price of XRP surge: recent partnerships and the long-term success of Ripple.

Moreover, the actual date of the launch of xRapid hasn’t been released yet, but there is a high probability that an official date of the commencement will be revealed very soon – probably before the end of next month.

xRapid, which is one of Ripple’s product will help to boost the financial liquidity of cross-border payments. It is also expected that xRapid will help in making border payments easier, cheaper, and faster.

Nonetheless, Ripple’s head of Regulatory Relations earlier stated during an interview with CNBC that xRapid will be launched in a months’ time. Ever since his announcement was made on CNBC, it has created FOMO (Fear of Missing out) among investors in the crypto market.

Additionally, things may have turned right for Ripple after Coinbase recently proclaimed its aim to list top altcoins to its platform. We do know that Coinbase is one of the biggest crypto-exchanges in the world. Coinbase hasn’t been kind to Ripple in the past as the exchange stated that despite Ripple is one of the largest cryptocurrency in the market, it is never going to list Ripple (XRP).

Notable personalities such as Brad Armstrong have earlier stated that it is not possible to list a cryptocurrency under the radar of SEC (Security Exchange Commission). However, Coinbase potentially changing its mind to add Ripple (XRP) is big news that will improve customers’ experience. It will also allow investors from different places around the world to access Ripple and its services.

The speculation that Coinbase might turn friendly to Ripple has also made the price of XRP surge. At the time of writing, XRP has a market capitalization $22.9 billion. It is currently in the green rising more than 20% in the last three days from Thursday this week. Another thing worth noting is, Ethereum’s current market cap is $23.7 billion, so there is a high possibility that XRP will overthrow Ethereum’s position and stay there for a very long period.

That all said, the crypto market is volatile, and it is expected that we see regular dips and surges. Hence, both Ethereum and Ripple’s XRP might keep changing positions; it is likely that we could see a surprising change in the coming weeks.

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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.

Photo by Chris Barbalis on Unsplash

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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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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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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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