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Monero (XMR) Jumps 6% On New Exchange Listing Hopes

Back in 2017 when the crypto sphere was in the middle of one of the biggest bull runs ever seen, Monero (XMR) had emerged as one of the more interesting coins, and the price surged significantly at the time.

However, over time, the coin lost its shine somewhat as more and more exchanges got suspicious about the fact that the coin was anonymous in nature. Eventually, the coin was delisted from many exchanges, most of which were in Japan, one of the most advanced cryptocurrency ecosystems in the world, and the price of Monero started dropping.

Rumors of New Listing

Although it is true that anonymity is one of the aspects of cryptocurrencies, the problem with Monero was that its anonymity was so stringent that there was the possibility that a user might not be able to see it in their wallet if they bought it, and that prompted many exchanges to delist the coin.

However, things are now looking up for Monero as rumors started circulating that the coin was going to be listed again on many exchanges, and the price of the cryptocurrency has started climbing again as a result. As a matter of fact, the price reached the crucial three digit mark after the news of new listings started circulating, and it goes without saying that Monero is a coin to be tracked over the next few weeks. XMR has a market capitalization of $1.73 billion.

>> Bitcoin Price: Short Sellers Surprised as Bitcoin Surges Another 4.5%

The price action on the coin has been impressive, with Monero surging to $108 on Sunday, and on Monday, the price settled at $103.88, which reflected a 24-hour price surge of over 6%. This past week, there was a massive sell-off in Monero, and that beat the price down to around $100.

The price hovered around that mark for quite some time as uncertainty stopped traders and investors from touching Monero. However, the news about potential listings on more exchanges has naturally started a new upsurge.

Are you excited to be hearing that XMR may be receiving more listings soon?

Featured image: Pixabay

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Monero (XMR) Now Accepted at Fortnite Merch Store!

Just as 2017 was the year of cryptocurrency, 2018 was the year of Fortnite. And now those two worlds are colliding. Recently word spread that the Fortnite merchandise store is accepting Monero (and XMR alone) as a form of payment.

Monero Accepted At Fortnite Merchandise Store

Fornite became immensely popular last year, enough to open up Retail Row, an official supporting retail store. And while some are questioning the choice (XMR has previously been subject to crypto jacking), it’s an overall win for the crypto space. After all, the more crypto adoption from universally recognized companies, the more traction the crypto industry will gain, not to mention the attention individual virtual currencies will gain.

Monero (XMR) broke the news on January 1st, 2019, via Twitter. The tweet garnered 183 retweets and 659 likes.

Many were in favor of the news.

Things to Note

For those who want to purchase Fornite merchandise using Monero (XMR), Riccardo Spagni says you have to “go to the regular checkout,” and not to use “Apple Pay or PayPal’s checkout.”

>> DX.Exchange: Nasdaq-Powered Crypto Exchange Offers Tokenized Stock

Impacts on XMR

Two days after the news was announced, XMR is down 3.97%. However, that might not have anything to do with the news, as the majority of cryptocurrencies are in the red zone today, January 3rd, 2019.

Monero
Source: CoinMarketCap

The Takeaway

Whether you are a fan of Monero (XMR) and Fortnite or not, it’s difficult to argue that this isn’t a monumental move for the crypto space. After what was a relatively dismal year for the industry (in comparison to 2017), this integration may be what the industry needs. And who knows, maybe other official stores will follow in Fortnite/Retail Row’s footsteps.

What do you think? Are you going to purchase any merchandise? Moreover, would you have rathered Retail Row accept virtual currencies like Bitcoin (BTC) or Ripple (XRP)? Let us know what you think in the comments below! And happy gaming!

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New token Makes Unprecedented Gains after Binance Listing

Coinmarketcap.com has a new listing in its top 100. As of Sunday, Ravencoin has been occupying the 58th spot thanks to a Binance listing and has sustained a growth of 118% since that announcement.

Within ten days, the coin has grown its market cap from $212,000 to $49 million! This is a rather unbelievable rise of 23,000%.

In the last 24 hours alone, the coin has grown by 55%. It is now selling at $0.056.

About Ravencoin

If we look at its chart, Ravencoin obviously went relatively unnoticed until its Binance listing. But what is Ravencoin? And why did Binance take an interest?

Well, the coin has been around since 2017, and it is about to mark its one-year anniversary with an upcoming mainnet launch on October 31st.

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The Ravencoin protocol is open-source and available to the public. Built off of a Bitcoin fork, it has a focus on the creation of digital assets on its Proof-of-Work (PoW) blockchain. According to its official documentation:

“Assets can come in a variety of types, such as financial instruments such as security tokens/stocks/bonds/deeds/etc as well as gaming items (ex. a sword)/conventional asset management/managing distributions for co-ops/digital art. There are a lot of real-world applications that this blockchain is intended to disrupt and improve.”

Humble Beginnings

With no ICO, the project was built up by a small team of dedicated people. Because of this, CEO of Binance, Changpeng Zhao, allowed the project to list without any listing fees. It began trading on October 12th, and over 85% of its growth has come from Binance trades since.

“The project is a true open source project with no pre-mine, no ICO, no masternodes, and is focused on building a useful technology with a strong community.”

Binance is the world’s top exchange with the highest trading volume.

No coin has seen gains like this since Bitcoin’s demise last year. Will the gains continue, is the question? Would you invest in Ravencoin?

The most humble of acorns may prove to be the most fruitful yet; let’s keep our eye on this one!

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EOS, TRON (TRX), and Litecoin (LTC) Updates

The cryptocurrency market is trading mostly in the red this Friday morning. Most coins in the top 10 cryptocurrencies are either just above the percentage gains threshold or just below. EOS and TRON (TRX) are currently in the green, but Litecoin (LTC) is trading down.

Let’s take a closer look at these projects and their latest movements.

EOS

Recently, the official ‘EOS’ Twitter name was changed to Block.one. Block.one is the blockchain-based company that formed EOS. The company must be taking bets that most people truly interested in EOS know about Block.one, but I’m sure those new to the crypto community might get a bit confused.

However, in 2018 it seems the diehard crypto-loyalists are the only ones who have stuck around since the crypto rise and fall in January.

Recently, Block.one announced the location and date of the EOS Global Hackathon Grand Finale.

The grand finale will be held on December 7th, in Cape Town, South Africa.

>> EOS Gambling Platforms Hacked

TRON (TRX)

There has been lots of movement over at the TRON Foundation as of late. Since it acquired BitTorrent, the companies have formed a new web-based torrent streaming client called μTorrent.

It seems μTorrent Web currently has over one million active users already and the company announced that BitTorrent Web will be live soon. In addition to its BitTorrent movement, TRON has been expanding on exchanges.

On Bitfinex, users can now trade for TRX with JPY, GBP, and the EUR—making it far more accessible to those around the globe.

Litecoin (LTC)

Litecoin will be celebrating its seventh birthday coming up on October 13th. That same day, LTC will be added to Gemini’s exchange.

In mid-September, LTC was added to the Canadian exchange Coinut. Later this month, Litecoin Founder Charlie Lee will be attending and speaking at the World Crypto Conference in Las Vegas.

Tickets are still available for purchase if you would like to meet him in person.

EOS, TRON (TRX), and Litecoin (LTC) Price Movement

According to CoinMarketCap, EOS is currently trading at $5.74 a coin, up 0.99% in 24 hours. EOS still remains the fifth largest cryptocurrency by its total market cap.

TRX is currently trading at $0.0231 a coin, up 5.20% in 24 hours. TRON is currently the 12th largest cryptocurrency by its total market cap.

According to CoinMarketCap, LTC is currently trading at $58.18 a coin, down -0.59% in 24 hours. Litecoin remains the seventh largest cryptocurrency by its total market cap.

Featured Image: Depositphotos/© Wavebreakmedia

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Eternal Token | What is It and Why is It Up 42% Today?

What is Eternal Token (XET)? Where did it come from? And how has it grown so much so fast?

When a coin makes gains of 42% in a 24-hour period, it piques your interest. It doesn’t matter if it doesn’t sit within the cryptocurrency top ten, such massive gains in such a short period of time warrants investigation. So what exactly is Eternal Token (XET)?

Let’s find out.

Eternal Token

Eternal Token is new. Very new. It was created in June of this year and began listing on Coinmarketcap.com in August. It currently ranks as the 50th top coin in the world.

At its birth, it was valued at $0.072 per coin, however, in the last week, something very exciting has happened with this coin. In general, the token has gained more than 640% in a 4-day period, and now, XET will cost you $2.38 per coin.

But let’s take a look at the technicals first. What is Eternal Token?

The Technicals

  • Eternal Token (XET) is a proxy token that can be exchanged with Eternal Coin (XEC).
  • Eternal Coin (XEC) is a digital currency, but it is controlled by Japanese Atom Solutions at a ratio of 1:10.
  • Therefore, XEC is not a decentralized coin alá Bitcoin or Ethereum but rather is centralized.
  • XET, when exchanged with XEC, can then be exchanged with regular cryptocurrencies.
  • XEC can’t be acquired via any unauthorized exchanges throughout the world.
  • To solve this, XET has been developed to be listed and tradable with various currencies on global exchanges.

So, in layman’s terms, Eternal Token was developed to solve the disadvantage of XEC being centralized and allow it to be exchanged with other cryptocurrencies.

>> Will Ethereum (ETH) Reach Nearly $2,000 by the End of 2019? Tom Lee Thinks So

Eternal Wallet

Where Eternal Token gets very interesting is the fact that the Eternal Coin is a necessary feature of Eternal Wallet.

This wallet allows fiat-to-fiat currency exchanges with the touch of a button.

A user can convert their local fiat currency to the fiat currency used by a receiving user through Eternal Coin, sending money in the desired currency instantly.

The token aims to solve cross-border payments while being backed by a centralized company ensuring security.

Eternal Token Growth

So looking back to the exponential growth of this coin. What are the reasons for it? A recent signing with blockchain-based company Eternal Wallet PH Holdings in the Phillippines may be the catalyst. This partnership will allow Eternal Token to acquire a virtual currency exchange license in that country.

Such gains may cause skepticism for some. Only time will tell whether this token will prove its mettle.

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