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XRP, Tron Price Analysis: What’s Happening?

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XRP

After crossing the resistance at $0.45 yesterday, XRP is again showing a bearish trend.

Tron, after kicking up a bullish trend is again showing downtrend so far today.

Ripple (XRP/USD)

Chart courtesy of trading view.com

Price Analysis

  • High: $0.4833 USD
  • Low: $0.4696 USD
  • Major Resistance Level: $0.50
  • Hourly MACD: Placed slightly in the Sell region.

Yesterday, Ripple had experienced a surge from approximately $0.446 USD to nearly $0.482 USD. The price of XRP/USD however, had fallen today, 17th July 2018 so far. At the time of writing the price of Ripple (XRP) is showing $0.4740 USD. This has created a pressure among the sellers and placed the crypto coin in the Sell zone slightly. But, the good thing is that at the time of writing, the XRP/USD pair had not yet fallen below the $0.4700 support area of yesterday.

Ripple (XRP) had been trading in the green since 13th July 2018 but was unable to break the major resistance level at $0.4500. Yesterday the cryptocurrency had crossed that level and the high was approximately $0.4834 USD (coinmarketcap.com). The moving average indicator (the blue line), at the time of writing, is showing approximately $0.4536.

Tron (TRX/USD)

Chart courtesy of trading view.com

Price Analysis

  • High: $0.0376 USD
  • Low: $0.0360 USD
  • Major Resistance Level: $0.40
  • Hourly MACD: Placed slightly in the Sell region.

The TRX/USD pair on 16th July had shown a slight stronger uptrend movement with the price ranging from nearly $0.0342 USD to $0.0374 USD. But, today on 17th July 2018, the price action of Tron (TRX) is showing a bearish trend so far. The price of the crypto coin, at the time of writing, is showing approximately $0.0367 USD. Yesterday, as the coin was showing a slightly stronger uptrend, there was a pressure on the buyers and it was placed in the Buy zone. However, today, the decline so far has created a pressure on the sellers and the crypto coin has slightly moved into the Sell region.

Tron had broken through the resistance levels $0.035 and $0.036 yesterday itself and as of yet has maintained its position slightly above these two resistance lines. However, the moving average line (blue) at the time of writing marks 0.0344. Let’s take the major resistance level at $0.04 and wait and see whether the pair crosses it by gaining a little stronger uptrend (like the one yesterday).

Yesterday the price of the XRP/USD and TRX/USD had probably seen such a rise because of the BlackRock news regarding Bitcoin and other cryptocurrency markets. BlackRock has formed a working group to look into the blockchain infrastructure and the cryptocurrencies. Otherwise, both the coins mentioned here were showing slight green signals but were unable to form a strong uptrend. So, it is not surprising that XRP and Tron are both showing bearish signs today so far.

Happy Trading!!

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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.

Image courtesy of Pexels

Charts courtesy of tradingview.com

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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