Nowadays, the cryptocurrency market has generally been pretty stable, and at the time of this article, it’s currently approaching its peak for the month. Today, we’ll be taking a short look at three different cryptocurrencies that shown consistent an increase in value: Ripple, VeChain, and Tron.
With the exception of five cryptocurrencies, all the rest of the coins listed in the top hundred have sustained downturns this morning, and as it turns out, this is actually positive news. So far as we’ve seen, there haven’t been any notably significant updates in the cryptomarkets today, and this just may very well be a good thing.
VeChain (VEN)
Sunny Lu, the CEO of VeChain, has inspired a significant upturn in the price of VeChain following her latest tweet.
So it would appear that people who’ve long-supported VeChain now have reason to see their trust in VeChain increase, as well as buy up even more of the coin.
At the time of printing this article, VEN is recorded at $3.68 per coin, up 7.76%.
Ripple (XRP)
As we see here, Ripple(XRP) has done quite well this past week. Last week, Santander Bank, a subsidiary of the Spanish Santander Group based in the United States, announced their launch of their new international mobile payment app, Santander One Pay FX. One Pay FX is the first mobile app that makes use of Ripple technology to allow users to make transactions and payments internationally, all and entirely through blockchain technology.
Congrats @bancosantander for launching Santander One Pay FX, the first mobile app which uses @Ripple #xCurrent for global payments! https://t.co/1TyIUxdDY3
— Marcus Treacher (@marcus_treacher) April 12, 2018
Following the announcement, XRP has enjoyed a smooth, gradual upturn. With ever-increasing numbers of businesses facilitating support of Ripple’s internationally-friendly blockchain architecture, XRP sees ever-increasing popularity and use. One might say that a significant share of banks and other financial institutions worldwide have been really sitting up and noticing, and they’ve seen the benefits of supporting not only the architecture, but the general public usage of the technology behind Ripple and Stellar’s, and this is very likely just a small taste of what we can expect in years to come.
At the time of printing this article, XRP is recorded at $0.734 per coin, up 7.74%, within the past day.
Tron (TRX)
The Tron Foundation are holding a programming contest, and have announced the details as of just this past Tuesday. With the total reward being staked at an incredibly lucrative one million dollars in TRX, applications to the competition have already begun coming in. The launch of the Tron main net is a little over five weeks coming. These are definitely exciting times for the cryptomarkets.
If you’ve been contemplating getting into cryptotrading, and perhaps even rounding your portfolio out by adding TRX, this is the time.
At the time of printing this article, TRX is trading at $0.051436 per coin.
Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post. In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.