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& # 39; Crashing market & # 39 ;, & # 39; falling values & # 39 ;, & # 39; lost investments & # 39 ;, are all keywords with a familiar sound, right? In times of financial crisis, we always try to remain positive and say that "do not worry, the markets will recover from this" and it is often difficult to do so. However, in line with this trend, I know what this market crash will not last forever, surely, a recovery can not be far away now?
When the markets fall this way, the positive and positive news really distances themselves from the FUD (fear, uncertainty and doubt) that afflicts the headlines. Fortunately, to inject some happiness into your weekend, we have collected some of the most interesting positive news of the week. Know that just because the markets are withdrawing, does not mean giving up the cryptocurrency project. If anything, this period of inactivity allows the encryption projects to shrink and continue to progress in time for the next bull run, whenever that happens.
TRON TRX, Ripple & # 39; s XRP and Litecoin have all made headlines this week. Relax while we explore what has happened to keep you updated.
Before starting, please note that although now seems the perfect time to buy, the investment in cryptocurrency is very risky. If you decide to invest in one of the following cryptocurrencies, you should always do so based on your research. Invest only what you can afford to lose.
TRON TRX
TRON is no stranger to reading the latest news. Once again, this week, TRON has made more positive moves and continues to establish itself as one of the best cryptocurrency projects that is moving in 2019. For the first time in a number of months, the token native to the TRON platform, TRX , had moved the rankings to become the tenth largest cryptocurrency on December 6, 2018. The increase in the market capitalization of TRON, seems to have made the exact opposite of that of its biggest rival, Ethereum, which has had a market downturn for a number of weeks now. Formerly called the "second" largest cryptocurrency in the world, Ethereum is now in third place.
https://soundcloud.com/cryptodaily/exciting-news-for-tron-trx-xrp-litecoin
TRON was not alone in the news to be closer to Ethereum, the TRON blockchain broke the headlines this week for beating even more transaction records. It is well known that TRON is able to handle multiple transactions on Ethereum's blockchain, in a short period of time, however, over time it seems that the gap between the two is growing, with TRON showing that it is capable of much more than Ethereum.
Ripple XRP
Again, Ripple XRP has been in the news. This is certainly not a rare occasion. Being the second largest cryptocurrency by market capitalization, you should expect to read on XRP regularly, however, the December 6 news has led us to a new exciting announcement that sees the XRP selected as the first cryptocurrency to be used by the growing universal payment platform, R3.
R3 is the team behind Corda, this is exactly where XRP will be used as currency, inside the Rope blockchain. R3 CTO, Richard Gendal Brown commented on R3's move, stating that:
"The deployment of the Settler Cord and its XRP support as the first settlement mechanism is an important step to show how the powerful ecosystems cultivated by two of the world's most influential crypto and blockchain communities can work together."
This is a good example of the use of XRP, not as a cryptocurrency that is used in brick and mortar stores, but as a token that has a real use value at the corporate and institutional level. XRP has never been designed to be used by you and me since the beginning, rather, XRP has been designed to solve the problems faced by many major financial institutions. These latest news seem to suggest that Ripple is doing just that.
litecoin
Unlike XRP and TRX, Litecoin rarely breaks the headlines. This seems to be due to the fact that, unfortunately, there was very little movement from the Litecoin Foundation recently and within the Litecoin network. Of course, development is still ongoing, but overall, the project has been a bit quiet, as has been the case with Litepay's failure at the start of the year.
Even so, Litecoin broke the headlines this week, all thanks to the movements of a Litecoin whale.
Could you ask yourself what is a whale? Good, second Investopedia:
"A whale is a term in the cryptocurrency world used to refer to individuals or entities that hold large amounts of cryptocurrency.The whales could also have a disproportionate impact on prices, fueling speculation that some of the recent swings in the prices of the encrypted are due to price manipulation by whales ".
This week, one of these whales on the Litecoin network has shifted around 60% of the entire Litecoin market (Litecoin 35 million) into Litecoin's biggest operation since February 2018. The identity of the whale is obviously a mystery however, it is confirmed that this single user now owns about 15% of all Litecoin. This is not exactly good news, but it could help to control the volatility of Litecoin in the coming weeks and months.
As the week draws to a close and as we get closer to the new year, we need to start wondering what will happen to encrypt. Things feel a little tense right now, as if we were on the edge of something big. With this in mind, keep your eyes on Crypto Daily to make sure you never miss a beat. We will be here with the latest news when you need us!
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