Connect with us

Blogs

XRP, TRX Or ADA: Which One has the Most Upside?

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

Investing in coins that have already reached the peak of their potential will not get you very far since a lot of them can only go down from there. Instead, you should look for the coin that has yet to reach its full potential. Because of this, we have come up with three suggestions that have the biggest chance to become the next big thing in the crypto world, and those are XRP, TRON (TRX), and Cardano (ADA). Let us now see what each of these coins has to offer, and what is it that makes them a good investment.

1. XRP

XRP is a cryptocurrency that was developed by a company called Ripple Labs. Ever since its launch, XRP has been making headlines almost every day. Its goal was to enter partnerships with as many banks and financial institutions as possible, and it got to it very enthusiastically. These days, the number of banks and financial institutions that entered a partnership with this coin exceeds 70.

While banks are generally suspicious of cryptos, XRP has become one of the best choices for them. This is due to the fact that it has some of the best products that allow faster and cheaper cross-border payments to date. Sending international payments has become one of the biggest necessities of the modern world, and the problem is that most banks are still using the technology that is deemed almost primitive by today’s standards. This is where Ripple’s products like xRapid shine, and what makes it so popular.

Of course, XRP has also been one of the more stable coins in this year’s bear market. A lot of people speculated that the coin achieved this due to its centralized nature, since many claims that the company behind it is controlling it. In fact, Ripple has faced multiple lawsuits based on this belief. Still, the company continues to deny this, and they even made extra steps towards decentralization of Ripple quite recently.

While XRP value remains relatively low, especially considering all of its recent achievements, the coin continues to hold the place of the third biggest crypto by market cap, with its price being at $0.343030. However, the fact that it is wanted by all these banks and financial institutions definitely proves that XRP is bound to have a bright future.

2. TRON (TRX)

TRON is one of the most popular cryptocurrencies to date, and it made some major steps towards mass adoption and mainstream usage recently. It has one of the biggest and most supportive communities ever seen, and it is led by its founder, Justin Sun.

TRON has definitely been one of the cryptos with the most positive developments over the course of this year. It managed to successfully launch a TestNet, followed by a launch of its MainNet. It went through a token migration, where its coins left Ethereum’s network and settled in on TRON’s own blockchain. It also launched TRON Virtual Machine and managed to acquire BitTorrent, which has since become an important aspect of its new Project Atlas. It also entered more partnerships than we can count, and some of them even resulted in TRX becoming an official payment on the partner’s websites.

Most recent wins for TRON include the coin being listed on LINE’s exchange, BITBOX, as well as on Bitcoin Superstore, which allowed its holders to purchase goods from over 200,000 online shops.

TRON’s ultimate goal is to lead to the decentralization of the internet and to revolutionize the entertainment industry. After all that we have seen so far if anyone has a chance to achieve this, it is TRON. Despite all of this, TRON’s price continues to remain pretty low, with TRX’s current value being at $0.022464. However, it has seen a 6.78% increase in the last 24 hours, and things seem to be going well for it at the moment. It even managed to return to the 11th position on the list of the largest cryptos by market cap, after it slipped to the 13th place a few days ago.

3. Cardano (ADA)

Finally, we have Cardano. This is a relatively young coin, but it managed to make a lot of positive development over the course of this year. It was created by Charles Hoskinson, who is also a founder of IOHK. Hoskinson is also known to be one of the co-founders of Ethereum. Recently, in one of his interviews, he explained that he joined Ethereum Classic after a hard fork due to disagreement with the rest of Ethereum’s team. After a while, he decided to gather up all of his knowledge of cryptos, and launch the coin that would be better than ETH as well as ETC.

The new coin was to tackle issues that older coins were struggling with, and so Cardano came to be. When it comes to Cardano, this is a coin where the team is one of its biggest and most important aspects. Hoskinson himself is a very experienced developer, and he made a team of others like him. Because of this, Cardano was created by professionals, who knew what they were doing, and who developed the coin with the best and most modern technologies.

Hoskinson’s work on Cardano has taken time, but only because he and his team did not want to rush things. Instead, they concentrated on its technology. Because of this, Cardano is one of the most stable and trustworthy coins around. It is also decentralized, and the team is bringing new updates all the time. Hoskinson even stated recently that he hopes to turn Cardano into the first trillion dollar crypto.

He hopes for a global adoption of the coin, which is expected to follow after the launch of Cardano’s own MainNet. Additionally, ADA also has a very strong community that continues to grow on a daily basis. The coin has inspired a lot of trusts, and it currently holds the place among the top 10 cryptos by market cap, with the rank of 9. Like the other entries, its price is nothing spectacular as of yet, being only $0.104192. However, Cardano is definitely one of the coins with the brightest future ahead of it, and its constant progress is the biggest proof of this.

For the latest cryptocurrency news, join our Telegram!

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite