Binance Lists Dogecoin!! + TRON Surpasses 500DApps!!! +$70 GIVEAWAY
Hi guys, great to see you here with me again. To kick off the new week, I have found four very interesting pieces of news to share with you. Let me tell you briefly what they are all about.
First up, according to a blog post from Binance, after months of community requests, it is so cool to hear that the Binance Exchange has finally listed Dogecoin (DOGE) on July 5. Next up, The San Francisco Tribe believes that, with the current situation, Ethereum is very likely to be the next coin after Bitcoin to lead the bull run. In addition to this, the TRON ecosystem has surpassed 500 Dapps and 700,000 Active Users, according to the report published by the Tron Foundation on its Medium blog. And finally, Ripple surges after American express blog mentions XRP. It is believed that this is just a FOMO phenomenon, but I really want to know what you guys think about this at the end. So if you want to know all about them, please make sure you stay with me until the very end.
And this week, we also have a super cool giveaway. Because we love our awesome fans (you guys!), we are very happy to announce a $70 Bitcoin Giveaway this week. All you need to do is to like, comment, and subscribe, to go into the draw to win! We will announce the winner this Saturday, by drawing out a video from this week and then drawing the winner from that video. All you need to do is to like, comment, and subscribe! And you could be the next lucky winner.
The Market Today
Now, before discussing all the news, we will have a look at today’s market. It looks like the crypto holders are very optimistic. On the top 10, all coins are in greens. Bitcoin is now standing at $11,436, after a 2.01% increase. Ethereum and XRP are also gaining 5.93% and 1.87% respectively. Moving on, with the top 20, Chainlink is losing 5.13% over the past 24 hours. Meanwhile, Monero at the 13th position has surged with 13.01%, to peak at the price of nearly $107.
Binance Exchange has finally listed Dogecoin (DOGE)
Now, let’s get straight to our very first news item for this week. Per a report on Usethebitcoin, after months of community requests, one of the largest and most popular cryptocurrency exchanges in the world, Binance, has announced its support for Dogecoin (DOGE), an open source peer-to-peer digital currency, favoured by Shiba Inus worldwide. In order to be adopted by Binance, many other tokens have to pay a listing fee that is donated through Binance Charity. However, it is very interesting to notice that Binance has not requested any fee for the Dogecoin listing. According to the CEO and founder of Binance, they are doing this not only for the “tech” but also for users. Furthermore, Binance said in its post:
“Binance will list Dogecoin (DOGE) and open trading for DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC trading pairs at 2019/07/05 12:00 PM (UTC). Users can now start depositing DOGE in preparation for trading.”
After this announcement made by the exchange, Dogecoin surged more than 38% to reach a market capitalization of $521 million. Talk about the Binance effect guys! For those who are unaware, Dogecoin is a cryptocurrency that was created back in 2013 and has been embraced as a parody coin. The virtual currency was launched by Billy Markus, Jackson Palmer and also “Shibetoshi Nakamoto,” which makes reference to Satoshi Nakamoto, the founder of Bitcoin.
Ethereum will be the next coin to lead the bull run
Moving on to the second news item for today. According to an article on San Francisco Tribe, there is good news on the horizon for Ethereum Holders. After the bull run of Bitcoin in June, it is very likely that Ethereum will be the next coin to lead the market with a coming bull run. Upcoming developments on the Ethereum blockchain could, however, postpone the projected bull run we are patiently waiting for. It can be assumed that the coming injection of capital due to token sales during the 2017 bull run had a larger impact on the FOMO (fear of missing out) movement than previously realized. While there was a recent Bitcoin price flux, there was not enough pressure to create a massive bull run with the other altcoins. But as mentioned in the post, there are a few reasons that make Ethereum the next market leader. The most obvious reason is the lack of a surge in the Ethereum price and tokens recently. Additionally, there are numerous global business models structured around Ethereum, making it a very promising operating system for decentralized apps.
TRON ecosystem surpassed 500 Dapps and 700,000 Active Users
And here we come to the third piece of news, The TRON ecosystem has, according to its weekly decentralized application (dapp) report, surpassed the 500 dapp mark. These are said to be used by over 700,000 active users in the first half of this year. Per the report, the number of dapps in its ecosystem grew to 502, although the number of daily active users and transaction volumes dipped in the first week of July. Also in June, TRON officially launched the testnet for the Sun Network, its scalability solution. The network includes an initiative called DAppChain, which is a side chain scaling project designed for TRON’s smart contracts. The cryptocurrency is also set to be added to the popular Opera browser, as in May its team revealed it was looking to soon support TRON’s TRX and other TRC-20 standard tokens.
Ripple (XRP) has incurred some decent upwards after “FOMO” spread on Twitter
And here we are, moving to the last news item for today guys, Ripple (XRP) has incurred some decent upwards momentum today after “FOMO” spread on Twitter based on an American Express blog post that mentioned Ripple for international settlements. Earlier yesterday, crypto Twitter was informed with the fact that both Ripple and XRP were mentioned in a blog post on AMEX’s website titled “Cross-Border Payments to Become Faster, More Transparent, and Easier to Manage.” Michael B, a popular XRP proponent on Twitter, spoke about the AMEX blog in a tweet:
“If institutions choose, they can also use $XRP in payment flows to improve liquidity in cross-border payments. Six major payment providers are already piloting. Eleven of the world’s top 100 banks have joined Ripple’s network”.
Moreover, one user on Twitter was quick to point out that the blog post is actually from September of last year. It is unsure whether XRP’s sharp upwards surge today was a FOMO thing, but whether or not its price falls from its current levels will likely provide insight into what caused this surge.
What are your thoughts on this situation?
Are you excited to hear that Binance adopted Dogecoin on its system?
Do you think that Ethereum will create the next rally in the crypto sphere?
What is your opinion regarding TRON’s Dapp figures?
And finally, is the surge in Ripple XRP a FOMO or is it not?
Please pop a comment right below to let me know what you guys are thinking. And guys,
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.