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Despite the northing of Bitcoin today, the crypto community can rest easy as Morgan Creek Digital, CEO of Crypto investment Firm recently informed CNBC of his belief that Bitcoin and cryptocurrency will succeed in the long run. This is sure to go a long way in allaying the fears of jittery crypto hodlers who are regretting their moves in view of the year’s bearish trend.
Buttressing this stance, top hedge Fund Veteran, Mark Yusko admits that he was wrong about Bitcoin as the thinks that the strength of the Bitcoin network is sure to increase the price of BTC to 20 times its current price over the next decade.
Tron (TRX) Trumpets its Superiority
According to DappRadar, Tron(TRX) has successfully overtaken Ethereum (ETH) as the most popular decentralized application (dApp) platform in the world.
Outspoken Justin Sun has boldly called for Ethereum developers to migrate their tokens to the Tron network in other to enjoy 100% liquidity.
In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity. $TRX
— Justin Sun (@justinsuntron) November 26, 2018
Tron’s Founder and CEO Justin Sun have said that the virtual currency will be adding privacy features to its network come next year. By smartly leveraging on existing technologies, Tron protocol can be pushed significantly through the use of zk-SNARKs to improve privacy.
The adoption of this feature will ensure that TRX users will be able to shield transactions effectively.
The Tron foundation is also establishing a blockchain gaming Fund, TRON Archade with an investment objective of about $100 million in the next three years.
Tron which occupies the 12th position on Coinmarketcap trades at $0.014515 USD.
Ripple (XRP) Garners Adoption and Popularity
XRP stands as one of the altcoin in the crypto space that is gaining a lot of momentum in terms of both adoption and popularity. While cryptos like Ethereum (ETH) have lost upward of 50% of their previous value and even a sizable chunk of their market cap.
XRP has been able to hold on to the point of ousting ETH out of the number two position with a noticeable market cap that surpassed that of Ethereum. Ethereum (ETH) has since been trailing Ripple (XRP) with no sign of reclaiming its position.
With Ripple’s key mission being to integrate its technology with large payment providers and banks, the Ripple project is barreling on with various partnerships and listings.
There have been myriads of calls from members of the XRP community that the altcoin should be implemented as a base currency on Binance as it is already a base currency on United Exchange and CoinField Exchange.
The implication of this step for the cypto community if Binance yields to this call is vast. Ripple’s XRP will become a trade pair to other cryptocurrencies. Adding XRP on Binance will most certainly boost the price of the altcoin. It would also provide XRP with a solid base to maintain the second position as it makes it a contender with Bitcoin for the first position
Verge (XVG) Moves Into the 44th position.
The outstanding performance of the Vergecurrency (XVG ) team should be commended as anyone who is familiar with blockchain technology knows that it involves a lot of hands and funds.
Despite being volunteers, the team has been pulling off some wonders in the cryptoverse.
By virtue of Bitcoin Superstore, Vergecurrency users can now pay with XVG in over 200,000 stores including Starbucks, Ebay, and Amazon. Verge has been able to join the league of crypto coins like Ripple (XRP), DIgiByte (DGB), Tron (TRX), Litecoin (LTC) , Zcash (ZEC), Monero (XMR),and Ethereum (ETH) that are accepted on Bitcoin Superstore. This is a boost for the XVG as at the current stage only the biggest assets are accepted in Bitcoin Superstore as payment methods.
Aside this development, Verge has also gone live on Blockfolio and has been placed as the 30th cryptographic project to join the Gold Label Project initiative been launched by Binance Info as well.
On November 26th, Verge (XVG) was ranked the 51st largest cryptocurrency by market cap, and as at today the altcoin has eased up to the 44th position.
Stellar (XLM) Keeps Racking It Up
Stellar (XLM) has been able to successfully racked up 37 business partnerships including the likes of Tempo and IBM. Emerging statistics from ICO Bench has revealed that Stellar (XLM) has been able to consolidate its position as the next most popular platform for blockchain start-ups that are looking for financing via a token sale mechanism.
The Stellar Network continues to enjoy growth not just in terms of Market capitalization but also in the interest it has been able to generate amidst the public.
The favourably behavior of XLM has caused its price to increase to the point of surpassing Bitcoin Cash and displacing it from its place in the ranking of most important crypto by capitalization.
Currently occupying the 4th position on coinmarketcap with a $73,424,353 USD 24hours trading volume, Stellar (XLM) has been racking it up despite the general downturn of the market.