Last year was a crucial year for adaptation of some of the cryptocurrencies we know today. Most of the cryptos fought for regulations while others fought against FUD. During those times, Verge (XVG), Ripple (XRP) and Tron (TRON) were all at peak and had a lot of investors following them, hence they succeeded as digital assets by the end of the year. They were not the only to have such success though. Integration, technological development adoption, partnerships and value increase in the cryptocurrencies are some of the key areas targeted in different proportion by these three, and some others, in 2018.
Late in December 2017, Ripples’s price soared to over 30,000% in to see it overtake Ethereum (ETH) in second place, a run that ended in mid-March. The wonderful start to the year was however halted after XRP‘s price saw its price nosedive from an all-time high of $4 USD to $0.4 USD. Nonetheless, these cryptos showed great ambition towards shaking the dominance of the “King”, Bitcoin (BTC) and Ethereum (ETH) the “Prince” from the top. However, things got shaky after February and got worse until this Tuesday.
During the week, almost all cryptocurrencies saw a rise in price as the Bull stood as the predictor. The rise was linked to a sudden action taken by BlackRock to set up a group who are to look into cryptocurrency. Recent speculations stats that the big bull’s price also has an effect on other cryptocurrency prices such as Litecoin.
Why Ripple (XRP) and Tron (TRX)?
In terms of gaining the trust of institutions, the XRP has seen its biggest holder, Ripple Inc., enter into organizations to spread its special features; xRapid, xVia and xCurrent to different entities and corporations. Banks and other financial institutions have adopted its xRapid feature to ease large international payments across borders instantly and at a lower cost. The unceasing citing of the coin across media houses has benefited XRP very much as it received a recent feature in a poll and won. The poll was conducted by CNBC Fast Money to foretell the most likely coin to advance into the Coinbase exchange list. XRP experienced a rise in price as it rose to $0.514647 but now trades at a price of $0.456133 keeping a market cap of $17 billion.
With respect to Tron (TRX), the coin holds on to its 11th position on Coinmarketcap.com and is fully-fledged to be considered as one of the brightest coins of the year with the massive effort the team positioning the see coin to succeed. Blockchain has had an eccentric year so far in development and technological improvements. Also, the coin’s CEO, Justin Sun, and his marketing team did massive marketing work to enable the coin to reach its current state. Its hype has given the crypto the ability to stand as even a contender to the big bull of cryptos, Bitcoin (BTC). Tron (TRX) experienced a surge in price last week Wednesday as it rose to $0.0424453 but later lost it on Sunday to trade at a price of $0.0352955.
However, the launch of TRON‘s mainnet, the TRON super representative election and Tron hitting the sixth position according to market cap are some of the achievements of the crypto. However, TRX has not been able to replicate these external factors on to the price as the market bear reversal took charge. The year, however, has proved to be a huge success to the coin.
Why Not Verge (XVG)?
Verge (XVG), unlike XRP & TRX, has had a rollercoaster ride in the past 6 months of 2018. Just as the two above, XVG was tipped to be the coin to take over privacy cryptocurrencies top spot by the end of the year. Nevertheless, after a prodigious start in the year and an urgency in price after a broadcast of a “big world-changing partnership” on the way, things have turned upside-down for Verge (XVG). Its actual fall started the moment it declared its new partnership with Pornhub. Soon after was the 51% attack that saw the coin’s value decrease by over 100% in a couple of hours in mid-April.
The coin has yet to recover from the shock with investors continuing to be doubtful on the future of the coin. Verge (XVG) has, however, made progress as they partnered with the Royal Queen Seeds a cannabis company. As a result, Verge (XVG) had its price swell to $0.0278869 on Wednesday as compared to a price as low as $0.0218611 on Sunday. As of writing, the coin trades at a price of $0.0229212 with a market cap of $3 million.
In terms of choosing which coin will be best to invest in, Ripple (XRP) and Tron (TRX) continue with their march towards being the best. Whether Verge (XVG) can make a possible comeback is up to its team and founders. These three cryptos have a lot of speculations to shoulder hence, an investor should not neglect any of these respected coins. Verge (XVG) is of high hopes that its VergeFam will provide the required support to push the project forward and therefore should not be count out of the race.
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